#088: Cryptocurrency Basics with Joe Saul-Sehy
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 3 September 2018
⏱️ 43 minutes
🧾️ Download transcript
Summary
What's the big deal about cryptocurrencies? And is it too late to get in now?
Joe Saul-Sehy from Stacking Benjamins joins us to talk about what cryptocurrencies are and what we should be looking out for in the future of Bitcoin.
One of the benefits Joe shares is, "It is a way to get governments out of transactions, and also a way to make transactions happen faster." It's sort of like moving money into the currency of a different country, except that it isn't (so far) regulated by the government, and transfers can happen super-fast.
Is this a currency, or is this an investment? Listen to learn more.
For more information, visit the show notes at https://www.bigpictureretirement.net/088
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:13.0 | Hello everyone and welcome to the Big Picture Retirement Show. |
| 0:16.2 | This is the podcast for anyone who is planning for or living in retirement. |
| 0:21.7 | I'm Devin Carroll and with me is John Ross. |
| 0:24.7 | Howdy. |
| 0:30.4 | Hey John, before we get into today's show, you know, there's something we've been forgetting |
| 0:34.2 | to do back several weeks ago and we put this in our Facebook group, but we have been forgetting to mention this on the show. So we've put this new little cool feature in there where if you go to big pictureretirement.net, you can see on the right hand side kind of jutting out from the side of your screen, it says send voicemail. And if you click on that, it'll let you record a quick voice note and it sends it to us. |
| 0:56.0 | And then we can include that in the show. |
| 0:58.4 | So that's pretty cool. |
| 0:59.1 | And we've already had a couple. |
| 1:00.4 | We have. |
| 1:01.0 | Yeah. |
| 1:01.3 | So I wanted to play one of those today, yeah, despite the fact that we haven't even advertised it. |
| 1:06.0 | We've had people come in. |
| 1:07.2 | Pretty cool. |
| 1:07.9 | Good stuff. |
| 1:09.3 | So let's play this message from joe hi my name is joe and after |
| 1:15.9 | listening to your episode 84 the backdoor into the beautiful rath IRA i discovered that after doing |
| 1:23.6 | a backdoor rath array in 2017 i went through some of my paperwork and realized I do have |
| 1:29.4 | an old simple IRA from an old employer that hasn't been touched in about 15 years. It's actually |
| 1:34.3 | a variable annuity, a simple IRA. So I obviously, according to your podcast, have broken a little |
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