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They Never Taught You How Money Works, El Salvador Now Gives It To Kids | Lina Seiche

Mike Peterson

Coming from the “empire of bureaucracy”, Lina Seiche has seen what happens when regulation stifles innovation. 

In El Salvador, she’s found the opposite, a government removing red tape, empowering entrepreneurs, and even teaching children about financial education from an early age.

She explains why this freedom to build, innovate, and educate is shaping a generation that understands money differently not through taxes and rules, but through choice and knowledge.
It’s a glimpse into a country rewriting what financial literacy looks like.

Watch the FULL EPISODE here: https://youtu.be/nT8HmPfqS0c

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Mike Peterson: You've lived a number of different places. Yes, I know you're originally from Germany, but you've lived in a number of different places. You've had a lot of experience, and most of them were fairly developed countries it sounded like that you were living in. But it's much easier to get things done here.

Lina Seiche: Yeah, I have like a stack of president's quotes. Yeah, yeah. No, and I am from the empire of bureaucracy, as you said. I come from Germany, so I've seen the worst. And El Salvador is by far among the very best with regards to that. And El Salvador understands what businesses need.

Lina Seiche: And even then, if you're a big coiner, you want to go somewhere that maybe your capital gains are not taxed, your Bitcoin gains aren't taxed, and Bitcoin transactions aren't taxable events, right? These are all things that you should not take for granted. Right now in Germany there is discussion, I'm not sure if it's going to go through. But there is this looming threat of stricter regulation, also stricter Bitcoin capital gains tax regulation, which wouldn't be surprising if it happened because that's Germany.

Lina Seiche: So in El Salvador you don't have it. And you can sort of be sure that it's not going to happen. So you have these assurances here that you just don't have elsewhere. And as I said, you have opportunity. You have like an open field, a lot of things that you can do. I think for this owner, that's like, that's the dream.

Mike Peterson: You probably wouldn't have had an opportunity to do educational Bitcoin books for the government of Germany.

Lina Seiche: I would still be writing emails to the secretary of the assistant of some authority in some subsection of some bureau.

Mike Peterson: Yeah, that's just pretty amazing that you have this opportunity and that you're going to be impacting the lives of hundreds of thousands of students in El Salvador through the educational books. And so I'm curious as to what you really hope to achieve by releasing these books.

Lina Seiche: So with the books themselves, my main objective was financial education, because we don't have that. Actually, very few countries do that at all. I didn't get that. No, I didn't get it. So they always say, "Oh, the German education system is so great," and yeah, of course they do. They do good things. But we are also stuck in the past quite badly.

Lina Seiche: And we didn't get financial education at all, which should be on the top of your priority list, on your priorities. In the U.S., you also don't get financial education. So in El Salvador you get it. You get it from a young age. That's not about making money or whatever. No, it's about being smart, understanding how your money works and then making educated decisions based on that.

Lina Seiche: The earlier you start that, the better. I've been told that, "Oh, it's too early, seven years is too early to talk about finances," but that misses the point. We're not telling them how to run a stock portfolio or something. No, no, we're telling them the value of things, telling them that there are different kinds of values. And we're teaching this–