Hypocrisy and Double Standards in Finance?
About this episode
The episode discusses personal experiences with cryptocurrency and critiques the financial advice of Dave Ramsey.
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…
People in this episode
Host: Teacher Ces
Topics covered
- cryptocurrency
- finance
- investing
- debt-free journey
- financial education
Mentioned in this episode
Organizations: Ramsey Solutions
Products: Ethereum, Litecoin, Bitcoin
Books & works: Get Good with Money: Ten Simple Steps to Becoming Financially Whole
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