Awkward Conversations About Money

01/26/21 • 33 min

In this episode we share some of our tips on how to make money conversations feel a lot easier and less awkward.
We guide you on how to approach these tough conversations around money with your parents and significant others.
In addition, we provide our advice when it comes to having conversations about retirement, spending and saving, debt and financial management.

Previous Episode

Let's Talk Bitcoin

We cover the following topics in this episode:
1) What is crypto currency
2) What is blockchain
3) How to purchase crypto currency
4) The risks surrounding crypto currency
5) Our thoughts on Bitcoin and Ethereum
6) And much more.

This website has everything you need to know about Bitcoin:
https://www.lopp.net/bitcoin-information/getting-started.html

The best crypto hardware Wallet:
https://www.ledger.com/

Wealthsimple - buy and trade Bitcoin and Ethereum:
https://www.wealthsimple.com/en-ca/product/crypto/

Next Episode

WTF is going on with GameStop, WallStBets, and the Stock Market?

Once again we see how powerful social media is in our modern day. A retail investor posted about how the stock was undervalued on a public forum, WallStBets, and brought to light GameStop (GME) was shorted at 120% of the available shares by hedge funds. 4 Million people follow this forum. Retail investors, and FOMO investors bought the stock, the stock price shot up. Listen to hear what happens next.

2:20 - What is Shorting?
8:00 - How did GME blow up?
11:20 - What is a Short Squeeze?
15:04 - Free Markets
15:52 - Correction - The Stock was shorted 120% of the available shares, not 120x
17:33 - Importance of Long Term Investing
23:00 - What Happened with Melvin Capital