BONUS EPISODE: The Fall of FTX - A Reset for the Decentralization Movement

Explicit content warning

11/14/22 • 48 min

Strive For 25

“Not your keys, not your crypto." - John Wingate

"Do your own research." - Michael Allen

Episode Summary:

What does it all mean!? FTX is going bankrupt, what does that mean for their users and for other crypto exchanges? Tune in to hear from not one but TWO experts on the subject. In this bonus episode we are joined by returning guest Michael Allen and a new guest John Wingate to discuss the future of decentralized banking, the shift to a self-custody platform, how crypto holders can protect their money AND what to expect in the next 24 months.

About Michael Allen:

Michael has done a number of things in his life; went to military boarding school from junior high through senior year, enlisted in the US Coast Guard. Michael fixed avionics and flew as a Flight Mechanic/Crew Chief in the Sikorsky MH-60 helicopter, where he accrued more than one-thousand hours in the air and rescued numerous lives.

Michael has had an entrepreneurial itch for as long as he can remember. He started selling various items from a spare trunk in his room at military school, going so far as needing to open a bank account in town to deposit the weekly profits and funding my own purposes while at school.

Prior to and alongside his time in the military he has kept busy. Michael performed various service industry jobs: everything from salad bar and kitchen prep through being a server at his aunt and uncle’s Italian restaurant in Steamboat Springs Colorado, to serving and then managing a restaurant during daylight hours while he worked nights on the hangar deck in Clearwater Florida.

Michael has owned various forms of real estate, managed properties, rentals, HOA’s, and been on various boards.

About John Wingate:

John Wingate is CEO and Founder of Bank Social, a blockchain-based financial system. John is a thought leader in tech, finance, regulation, entrepreneurship and business. His vision for social capitalism includes transparency, objectivity, and integrity so human beings can thrive and participate with direct benefits.

In this episode:

Bankruptcy of FTX.
What is FTX?
Liquidity issues in centralized banking.
How can people protect their money.
Understanding custodial exchanges.
The future of crypto exchange.

Key Takeaways:

The dangers of keeping your crypto in a centralized banking system.
To understand the fall of FTX you must first understand Sam Bankman-Fried.
Decentralized banking is not the same thing as custodial.
Don't miss your opportunity to get involved in the next wave early.

Connect with Michael Allen:

Connect with John Wingate:

Connect with Joel Farrell:

Audio and show notes by Premier Podcast Promotions

Skool Guide: https://www.skool.com/strive-for-25-1965/classroom

Youtube Episode: https://...

“Not your keys, not your crypto." - John Wingate

"Do your own research." - Michael Allen

Episode Summary:

About Michael Allen:

Michael has owned various forms of real estate, managed properties, rentals, HOA’s, and been on various boards.

About John Wingate:

In this episode:

Bankruptcy of FTX.
What is FTX?
Liquidity issues in centralized banking.
How can people protect their money.
Understanding custodial exchanges.
The future of crypto exchange.

Key Takeaways:

The dangers of keeping your crypto in a centralized banking system.
To understand the fall of FTX you must first understand Sam Bankman-Fried.
Decentralized banking is not the same thing as custodial.
Don't miss your opportunity to get involved in the next wave early.

Connect with Michael Allen:

Connect with John Wingate:

Connect with Joel Farrell:

Audio and show notes by Premier Podcast Promotions

Skool Guide: https://www.skool.com/strive-for-25-1965/classroom

Youtube Episode: https://...

Previous Episode

Becoming a Billionaire with Jeff Badu

“If it's not written down, it doesn't exist.” - Jeff Badu

Episode Summary:

Jeff Badu shares the secret to becoming a billionaire in just 20 years! Listen to this episode of Strive For 25 and hear the five steps to a successful business, tips on having an abundance mindset, and how to make billions.

About Jeff Badu:

Jeff Badu is a parallel entrepreneur and a wealth multiplier. He was born and raised in Ghana and came to the US when he was 8 years old. He’s a Licensed Certified Public Accountant (CPA) and the founder and CEO of Badu Enterprises, LLC, which is a multinational conglomerate that owns several key companies. His marquee company is Badu Tax Services, LLC, which is a CPA firm that specializes in tax preparation, tax planning, and tax representation for individuals and businesses. The firm has over 3,000 clients across all 50 states in the US and over 25 countries. Another key company is Badu Investments, LLC, which is a real estate investment company that acquires residential and commercial rental real estate properties in areas such as the South Side of Chicago in efforts to restore traditionally underserved areas. The company has over 100 rental apartment units. What sparked his interest in launching these companies is his passion for helping people minimize their tax liability and ultimately multiplying their money by investing it and building multi-generational wealth. His purpose in life is to inspire and support the super hungry to take hold of infinite resources in order to create an abundant lifestyle.

He’s extremely passionate about financial literacy and currently hosts various financial literacy workshops throughout the country. He’s a public speaker and his overall mission in life is very simple: to make a lasting positive impact in as many lives as possible, especially when it comes to their finances.

In this episode:

How to go from 0 to 100.
Turning your passion into a career.
The 5 steps for starting a successful business.
Finding money you never knew existed.
Wealth multiplying tools.
How to net tax free money.

Key Takeaways:

To be the best in the business, you must first study your competitors. What are they doing right, what are they doing wrong.
Don't be afraid to take that jump into entrepreneurship.
Wipe out your taxes when you use the right tax strategies.
Growth, success, and fulfillment, start with an abundance mindset

Connect with Jeff Badu:

Instagram: https://www.instagram.com/jbadu32/
www.jeffbadu.com or www.badutaxservices.com
773-819-5675
DON'T FORGET TO CHECK OUT JEFF'S BOOKS FOR EVEN MORE: https://www.jeffbadu.com/#purpose-books

Connect with Joel Farrell:

Audio and show notes by Premier Podcast Promotions

Skool Guide: https://www.skool.com/strive-for-25-1965/classroom

Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv

Next Episode

Housing Market Crash or Correction? With Ashley Brooks

"Real estate is like a circle. As long as we can sustain the drop, it's gonna go back up." - Ashley Brooks

Episode Summary:

Are we headed for a real estate market crash? Joel is joined by Ashley Brooks to discuss the future of real estate and ways for future generations to start planning ahead for their real estate portfolios and building their wealth.

In this episode:

NACA Mortgages.
Loans now vs. loans during a housing market crash.
Are we headed for a housing market crash?
Rental property numbers.
Section 8 housing rates.
Building your digital brand.
Generating income from social media.

Key Takeaways:

What makes investing in real estate safe?
It's not always what you know, but who you know.
Buying a house is buying a lifestyle.
Having a mentor to help you on your journey will make things easier, and happen faster.
Don't overthink it, just do it.

Connect with Ashley Brooks: