361 | Blockchain, Smart Contracts, and NFT's | Part 1

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 24 January 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's episode, Brad and Jonathan take a look at the blockchain and try to find where the actual value is within cryptocurrencies and digital asset investing. Join the guys as they define what certain digital assets are, discuss strategies for navigating the murky waters that is blockchain investing, and the importance behind not getting caught up in speculation! Remember to keep a long term mindset while working towards FI!

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Transcript

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0:00.0	Are you looking for effective and low friction ways to slash your living expenses and boost your savings rate?
0:04.5	It's hard to overstate how powerful this can be to speed up your path to financial independence.
0:08.6	We're going to help you take a look at your top three structural living expenses and root out inefficiencies there as well as other expenses that you may not even know your pain for.
0:16.3	For more information, go to chusify.com slash save. That's chusify.com slash save.
0:24.0	Hello, everyone. As promised today, we're going to dive into blockchain, crypto currencies and NFTs,
0:29.0	depending on how much we're able to cover, we might have to break this up into a couple parts,
0:32.8	but we're really going to take a stab at it. Very excited that you're joining us on the ultimate crowdsource personal finance show this is chusify.
0:39.2	You're listening to choose apply radio.
0:43.8	The blueprint for financial independence lives here.
0:46.6	If you're looking to unlock the secrets to financial independence and early retirement, you're in the right place.
1:01.5	Stay tuned and join a community of like-minded people who are getting off the end of the year and taking control of their lives in the pursuit of financial independence.
1:10.5	Choose FI your home for financial independence on live.
1:26.5	All right, guys. Very excited to dive into this week's episode.
1:28.5	And I admit a little bit of trepidation.
1:31.2	There have certainly been a lot of people that have covered blockchain and cryptocurrencies from various perspectives,
1:36.1	but we have not taken a stab at it from a personal level ourselves until now.
1:41.2	So to help me with this, I have my co-host Brad here with me today. How you doing, buddy?
1:44.1	Hey, Jonathan, I'm doing quite well. Yeah, yeah, share your trepidation, actually.
1:48.6	So yeah, it's, it's a good work trepidation. I mean, it feels like it just, it sets the stage.
1:54.0	Yeah, it is, it is a good word.
1:55.3	I think if you would ask me like 14 months ago about let's say, if I would have ever have an interest in crypto or NFTs or Web3 or blockchain or whatever,
2:07.3	I would have kind of said, no, this is not interesting.
	...

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