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NerdWallet's Smart Money Podcast

Buying Crypto, and Dealing with Debt

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 18 January 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

Ever wanted to buy cryptocurrency? Well, on this episode you can live vicariously through Sean, who talks with Liz about his experience dabbling in Dogecoin. Then, they discuss our current debt crisis and how to manage debt in 2021. Visit www.nerdwallet.com/podcast for more info on this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.3

like you sign up for your one dollar a month trial at shopify dot com slash setup

0:28.6

welcome to the nerd wallet smart money podcast where we answer your personal finance questions and help you feel a little smarter about what you do with your money.

0:41.3

I'm Liz Weston. And I'm Sean Piles. On this episode, Liz and I are talking about debt and debt forgiveness. First, though, an hour this week in your money segment, Liz and I are talking about a new interest of mine, cryptocurrency.

0:54.2

So how did you get involved in this, Sean?

0:56.7

I have to admit it was a little bit spontaneous.

1:00.0

I was just scrolling through Twitter the other day, as one does, checking in on the status

1:05.2

of our republic, doing a little bit of doom scrolling, checking out Dionne Warwick's Twitter

1:10.3

account, which I will tell you is the

1:12.0

antidote to doom scrolling. And I saw that Dogecoin was trending. And this is something I've

1:19.3

been kind of curious about for a while. So I wanted to check on it, see why it was trending on Twitter.

1:24.2

And the big news. Okay. What in the world is Dogecoin? Okay, Dogecoin is a cryptocurrency

1:30.0

that effectively started as a joke. For those who aren't familiar, there is this meme that

1:35.3

goes back, I want to say almost a decade at this point, of a Shiba Inu, and it is called Doge.

1:42.2

It is the Doge dog. And it's just a meme that's circulated for a long time. And so the

1:48.1

creators of Dogecoin wanted to make a cryptocurrency that was a joke, kind of a satire on the whole

1:53.2

financial industry. And for that, I found it really appealing. Anything that takes away a little bit of

1:59.2

power from the way that money rules our lives,

2:01.4

I'm all about. So I thought it was interesting. And when I was looking through the trend,

...

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