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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Small Business Goes On A Bitcoin Standard w/ Kevin McGarvey

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 7 July 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

In this MI Rewind episode, Clay Finck chats with Kevin McGarvey about why Kevin believes that putting their small business on a Bitcoin Standard is a necessity for small businesses to thrive, and much more! Kevin McGarvey is the Co-Owner and President of All Out Parking Lots. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 11:47 - What led Kevin and his partner to putting their small business on a Bitcoin Standard? 17:07 - What the process was like for Kevin to make this move. 22:02 - How Kevin stores the Bitcoin on his company’s balance sheet. 22:49 - The unique way Kevin decides to reward his employees and attract new talent. 42:41 - What Kevin is most excited about for the future of 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. Check out Yeti Cold. Trade Bitcoin with Strike. Mentioned WSB Episode: BTC058: Bitcoin Real Estate Loans w/ Mauricio Bartolomeo and Adam Reeds. Related Episode: Listen to MI128: Why Buy Bitcoin w/ Andy Edstrom, or watch the video. NEW TO THE SHOW? 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 Connect with Kevin: LinkedIn  Connect with Clay: Twitter 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 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

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.2

On today's show, we've started to reshare some older episodes that are my favorite for a few

0:07.5

reasons.

0:08.6

One, we get a bunch of new listeners each week, so the new listeners may not have heard this

0:13.2

episode before.

0:14.6

Two, even if you've been listening for a while, you may have missed this episode when it

0:19.2

originally came out.

0:22.5

Or three, even if you've heard it before, it can be a great episode to learn from again. If you've already heard this

0:27.2

episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that,

0:31.7

and you can pick up with our new episodes next week. All right, guys, that's all I had for you

0:36.5

for this new intro. Everything going forward

0:39.3

is going to be from the original show. Hope you guys enjoy it. It's hard to grow 10, 15, 20 percent.

0:48.3

And if you do, you should be rewarded for that. That should be a great thing. But that's not happening

0:53.7

today because you're in

0:54.8

your rowboat and you're rowing as hard as you can to go 10, 15, 20 miles an hour, but you have a

1:00.9

25, 30 mile per hour monetary wind blowing in your face. On today's episode, I'm joined by Kevin McGarvey.

1:12.5

Kevin is the co-owner and president of All-Out parking lots, which is a small business that provides paving and concrete services for commercial lots.

1:21.1

Kevin and his partner recently put Bitcoin on their company's balance sheet, and he is passionate about helping spread the message to other

1:27.8

businesses that want to protect themselves against currency debasement.

1:31.7

During the episode, I chat with Kevin about what led him and his partner to putting

1:35.7

their small business on a Bitcoin standard.

1:38.2

Why Kevin believes that this move is a necessity for small businesses to thrive.

...

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