Mere Mortals Conversations How To (NOT) Lose Your Money In 3 Easy Steps!!! | Mindset & Best Practices To Securing Your Finances
What are the 3 main ways that people lose their money and assets?
In Episode #434 of 'Musings', Juan & I discuss: how trust/human error/scams all interlink, why you should take your security seriously regardless of your wealth, the difference between theoretical and practical security, Lil Uzi Vert and his forehead diamond, why you should listen to Andreas Antonopoulos and why I won't wear a suit in Brazil.
Huge thanks to Dave Jones & Cole McCormick for the boostagrams. Your support means the world to us!
Timeline:
(0:00) - Intro
(2:32) - Topic broken into two
(3:26) - How to lose your money (in 3 easy steps)!!!
(4:16) - Trusting the wrong people/entities
(13:06) - Human error: overestimating your capabilities
(19:12) - Scam/attacks: make your funds inaccessible
(27:38) - Mindset: there is no magic bullet
(32:38) - Effective security
(35:58) - Mentality of asking questions
(37:46) - Boostagram Lounge
(41:57) - Don't flash the cash
(47:35) - Liquid vs illiquid
(51:59) - Best practices
(59:08) - Crypto resources for learning
(1:03:22) - Summary
(1:10:14) - V4V: Give some feedback
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