Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
Manage episode 326771159 series 2535964
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I am not anti-cryptocurrency, but I have a lot of reservations when it comes to these things. I’ve invested and earned from crypto, and I believe it’s a great way to diversify your portfolio, but it is not the investment that’s going to take you to financial freedom. Key Talking Points of the Episode [02:47] Invest with PreREO! [03:40] Why do we need to talk about crypto? [05:36] What am I doing with my crypto investments? [06:15] When did I start investing in Bitcoin? [06:59] How is the situation similar to the start of the internet? [09:11] Is it the technology or the currency? [10:00] Why would the feds start buying Bitcoin? [12:31] Is there stabilization in the Bitcoin market? [13:18] What is the biggest problem with crypto? [14:15] Why shouldn’t you gamble in crypto? [17:07] Where does real value come from? Quotables “Do not confuse the technology with the currency.” “Well, guess what? The technology is great. It says nothing about your money being gambled inside those kinds of currencies.” “It would not be shocking if the feds, as part of their balance sheet, went and started buying Bitcoin.” “Here’s my problem with it - it’s not gold. It’s not something that’s had a very good history to hold value.” “Remember, blockchain technology is separate from all these currencies.” “It’s not about the technology, it’s about something that people have been putting their money in.” “It’s not just about planning for your future, it’s about planning for your present.” “You can gamble your money, but don’t bank on it.”