MI Rewind: Bitcoin and Financial Independence w/ Jim Crider

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 9 August 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clay Finck chats with Jim Crider about the benefits of having a financial planner, how millennials differ from other clients Jim has worked with, what it really means to achieve financial independence, how to deal with information overload, Jim’s thoughts on Bitcoin, and much, much more! Jim Crider is the founder of Intentional Living FP which helps families achieve early financial independence. Intentional Living FP helps their clients navigate the decisions, opportunities, and obstacles that they face so their money is used efficiently and effectively to serve its purpose in your life. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:33 - What the benefits are of having a financial planner. 07:36 - When someone should consider getting a financial planner themselves. 09:32 - The differences Jim has seen working with Millennials compared to other clients. 12:41 - How millennials living a busy life can stay on top of their finances. 22:36 - What millennials can do to find the right balance between preparing for your future, while still enjoying the present. 28:35 - What financial independence really means. 37:49 - Whether you should focus on paying off your debt early, or invest the extra cash. 37:49 - How to sort through and deal with information overload in a world where information is free and everywhere. 50:42 - Whether millennials should consider Bitcoin as a part of their financial plan. 50:42 - Jim's thoughts on how much Bitcoin to allocate in a portfolio. 55:29 - Jim’s recommended resources for learning about Bitcoin. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Listen to Bitcoin Fundamentals hosted by Preston Pysh. Related Episode: Listen to MI115: Young Investor’s Getting Started w/ Kelly Lannan, or watch the video. Related Episode: Listen to BTC001: Bitcoin Common Misconceptions w/ Robert Breedlove, or watch the video. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey guys, on today's show, I'm resharing a favorite episode from the past.
0:07.0	I'd like to do this because we get a lot of new listeners each week, and they will never have
0:11.0	heard this excellent episode before.
0:13.0	And even if you've been listening for a while, you may have missed it when it first came out,
0:17.0	or you could at least benefit from reviewing some of this episode's lessons again
0:21.8	and reinforcing your learning. If you're not interested in episodes from the past, there's no
0:27.1	hard feelings at all, and you can pick up with us again next week for a brand new episode.
0:32.3	Everything going forward is from the original, and I hope you guys enjoy listening to it as
0:36.6	much as I did.
0:38.4	Man, that's a good question.
0:39.9	That sounds so simple.
0:42.1	The traditional, from what I'm aware of, and you can correct me, maybe you know it's more
0:45.4	than I do, but my views of the fire movement, which is financial independence, retire
0:50.0	early, my thoughts on the traditional fire movement is I'm going to work really hard for
0:54.4	X number of years, whether or not I like my job, so I can save super aggressively and then not
0:59.6	have to work and retire by a time I'm 36. And usually, and maybe I'm putting words in
1:06.1	everyone else's mouth, but this is my observation from the outside of it.
1:14.6	On today's show, I'm joined by Jim Kreider.
1:20.0	Jim is a financial planner and the founder of Intentional Living FP, which helps families achieve early financial independence.
1:22.5	Jim helps his clients navigate the obstacles around money to ensure that it's used efficiently
1:27.1	and effectively
	...

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