Bitcoin in Today's Financial Landscape

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This chapter delves into the significance of Bitcoin for millennials facing a challenging stock market, highlighting their enthusiasm for investment and the need for education on strategies. It discusses asset allocation, emphasizing a recommended 10% to 20% investment in Bitcoin while addressing market volatility and client expectations. The speaker shares their conviction in Bitcoin as a superior digital asset and provides insights on resources for financial planning and further education in cryptocurrency.

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.
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