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Tag: cryptocurrency

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#368: Ask Paula: Talk Crypto To Me

Alex is curious about cryptocurrency. How should she analyze the returns promised by different platforms and where can she go to  learn more about crypto in general?

Grace wants to buy a manufactured home for rental income. Should she calculate her returns differently for a manufactured home?

Thomas and his wife have parallel goals of saving for a down payment and contributing to retirement accounts.  How should they balance both of these goals?

In today’s episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

Enjoy!

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#366: Ask Paula: How Do I Invest For My Parents’ Retirement?

Micheal’s parents just sold their home to pay off debt and fund their retirement. How should he invest the profits?

Ryker would like to understand what it would take for cryptocurrency to be considered as a good investment option for a diversified portfolio.

Megan has qualified for her employer’s 401k and needs help deciding between […]

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By Paula Pant

#344: Ask Paula: I’m Bored at Work, and I’m 14 Years from Retirement; Should I Tough It Out?

Anonymous is on track to be financially independent in 14 years, but isn’t living up to her potential working a boring job. How can she live up to her potential and do more without sacrificing her quality of life?

Daan is wondering if he should stake or lend his current cryptocurrency portfolio to make additional gains on assets he plans to hold long-term?

C wants to know what tax implications she should consider before working remotely from abroad?

Russell’s job offers the option to contribute to a 457 plan. Since he’s in the highest tax bracket, should he take advantage of the tax deferral offered through the 457 or invest within a taxable brokerage account?

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

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By Paula Pant

#325: Bitcoin for Beginners

Okay, so everyone and their dog is talking about Bitcoin — but what exactly is it? And what’s Ethereum?

There’s a famous adage that you should never invest in something that you don’t understand.

Today’s episode is intended to help you understand WTF is going on. Here’s what we cover:

  • We explain the history and purpose of blockchain, which is the technology underlying cryptocurrencies such as Bitcoin
  • We introduce Bitcoin, which is a use case of blockchain and currently the most popular digital currency. We explain how Bitcoin is created, what “mining” means, what “halving” means, and why some people believe that Bitcoin will continue to  increase in value
  • We discuss Ethereum, which is about use case of blockchain, and is a software platform on which developers build decentralized apps
  • We discuss the environmental impact of Bitcoin, including a discussion about the difference between proof-of-work vs proof-of-stake protocols

If you’re feeling lost in the topic and confused by the jargon, start with this episode in which we cover the basics about blockchain technology and cryptocurrencies.

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