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Hypocrisy and Double Standards in Finance?
Manage episode 284701503 series 2396765
Have you invested in Cryptocurrency? I did about three years ago and sold my coins this past summer. Yep, it was a mistake. Now cryptocurrency is booming. Lesson learned that holding for the long term probably is the way to go. I invested in Ethereum, Litecoin, and a fraction of Bitcoin (I couldn’t afford a whole coin). One of the issues I have with cryptocurrency is not having a full understanding of how it works. Even after spending a whole year studying finances when starting with no background knowledge, I’m still a little confused. I get it but I don’t get it if that makes any sense.
Let’s take a dive into my IRA. The value has increased about one thousand dollars in the past eleven days. I like to feel that is good considering I am on a debt-free journey and I spoke with a financial advisor who sold and bought a few new ETFs. Understanding what exactly goes on in your IRA has been a journey in itself.
Let’s say that you have never heard of Dave Ramsey of Ramsey Solutions. The self-proclaimed hillbilly of budgeting! Our friends at Religious News Service wrote a scathing exposé on the hypocrisy of his organization. Hear my take on why Dave is not the end all be all regarding my finance journey.
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What I am Loving This Month
Get Good with Money: Ten Simple Steps to Becoming Financially Whole (Coming Soon)
37 episodes
Manage episode 284701503 series 2396765
Have you invested in Cryptocurrency? I did about three years ago and sold my coins this past summer. Yep, it was a mistake. Now cryptocurrency is booming. Lesson learned that holding for the long term probably is the way to go. I invested in Ethereum, Litecoin, and a fraction of Bitcoin (I couldn’t afford a whole coin). One of the issues I have with cryptocurrency is not having a full understanding of how it works. Even after spending a whole year studying finances when starting with no background knowledge, I’m still a little confused. I get it but I don’t get it if that makes any sense.
Let’s take a dive into my IRA. The value has increased about one thousand dollars in the past eleven days. I like to feel that is good considering I am on a debt-free journey and I spoke with a financial advisor who sold and bought a few new ETFs. Understanding what exactly goes on in your IRA has been a journey in itself.
Let’s say that you have never heard of Dave Ramsey of Ramsey Solutions. The self-proclaimed hillbilly of budgeting! Our friends at Religious News Service wrote a scathing exposé on the hypocrisy of his organization. Hear my take on why Dave is not the end all be all regarding my finance journey.
========
What I am Loving This Month
Get Good with Money: Ten Simple Steps to Becoming Financially Whole (Coming Soon)
37 episodes
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