Ep 694: Money, Bitcoin & The Broken System with Stephen Cole
Most people spend their entire lives working for money without ever truly understanding how money works.
In this episode of the Jeremy Scott Fitness Podcast, Jeremy Scott sits down with investor, entrepreneur, and early Bitcoin adopter Stephen Cole for a deep conversation about money, investing, Bitcoin, inflation, financial freedom, and why many believe the modern financial system is fundamentally broken.
This episode goes far beyond crypto hype or internet headlines. Instead, Jeremy and Stephen break down the mindset, systems, and economic realities shaping how people earn, save, spend, and invest today.
Whether you’re completely new to Bitcoin or simply trying to better understand how money impacts your future, this conversation delivers practical insights that challenge conventional thinking.
What You’ll Learn In This Episode
Why many people feel financially stuck despite working harder
How inflation silently erodes purchasing power
What Bitcoin actually is in simple terms
Why some investors believe traditional money systems are broken
The importance of financial education
Long-term investing vs emotional decision making
Why mindset matters when building wealth
How money affects freedom, stress, and quality of life
The difference between assets and liabilities
Why understanding money is critical for long-term health and freedom
Why So Many People Feel Financially Trapped
One of the major themes in this episode is that many people are doing everything they were told to do:
Work hard
Save money
Stay loyal to a job
Avoid risks
Yet despite doing all the “right” things, they still feel financially stressed.
Stephen Cole explains how inflation, rising costs, debt culture, and the structure of modern financial systems make it increasingly difficult for people to build long-term wealth through traditional methods alone.
The reality is many people are earning more than ever while simultaneously feeling further behind.
That disconnect is what leads many individuals to begin questioning how money actually works.
Bitcoin Explained In Plain English
A major focus of the conversation centers around Bitcoin, not as a get-rich-quick scheme, but as an alternative monetary system many believe was created in response to weaknesses in traditional finance.
Stephen breaks down Bitcoin in practical, understandable terms, discussing why scarcity, decentralization, and long-term purchasing power matter in today’s economy.
The episode also emphasizes that Bitcoin is not simply about speculation.
For many investors, it represents:
A hedge against inflation
A long-term savings vehicle
Protection against currency debasement
Greater financial sovereignty
An alternative to centralized financial systems
Even for listeners who remain skeptical, the conversation encourages critical thinking and financial curiosity rather than blind belief.
Financial Freedom Starts With Education
One of the strongest takeaways from this episode is the importance of financial literacy.
Most schools teach very little about:
Investing
Taxes
Inflation
Wealth building
Risk management
Entrepreneurship
Monetary policy
Jeremy and Stephen discuss how this lack of education leaves many people unprepared to make informed financial decisions later in life.
The conversation reinforces the idea that understanding money is not optional if you want greater freedom, flexibility, and control over your future.
Long-Term Thinking Beats Emotional Decisions
Another major theme throughout the episode is patience.
Stephen Cole explains how successful investing often requires:
Long-term thinking
Emotional discipline
Consistency
Risk awareness
Avoiding panic-driven decisions
This mindset mirrors many of the same lessons Jeremy teaches through fitness and health:
Sustainable habits beat short-term extremes
Consistency compounds over time
Emotional reactions often lead to poor outcomes
Long-term success requires patience and discipline
Whether discussing health or wealth, the principles remain surprisingly similar.
The Connection Between Health, Stress & Money
Financial stress impacts nearly every area of life:
Sleep
Relationships
Mental health
Anxiety
Decision making
Energy levels
This episode highlights how improving financial literacy and creating a long-term strategy can reduce stress and create more freedom in daily life.
True wellness isn’t just physical fitness, it’s also having clarity, security, and confidence around your finances.
That broader perspective is one of the reasons this episode resonates with so many listeners.
Why This Episode Matters
Most people never stop to question the systems they participate in every day.
This episode encourages listeners to:
Think critically
Ask better questions
Learn how money works
Understand inflation
Explore investing responsibly
Build long-term freedom intentionally
Whether you agree with every perspective shared or not, the conversation opens the door to deeper awareness around money, wealth, and personal responsibility.
Listen To The Full Episode
You can listen to the full episode here:
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