Rich Habits Podcast
15: How to Build a Crypto Portfolio From Scratch, the Debt Ceiling, Revocable Trusts, and 401(k) Loans
Jun 6, 2023
28:03
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Quick takeaways
- Raising the debt ceiling is crucial to preventing a default but may lead to reduced government spending and potential impacts on the economy and social security.
- Building a crypto portfolio should include popular coins like Bitcoin and Ethereum, while staying informed about ISO 22 coins and utilizing dollar-cost averaging as a strategy.
Deep dives
The Impact of Raising the Debt Ceiling
The podcast episode discusses the recent increase in the debt ceiling and how it affects individuals. The debt ceiling refers to the limit set by Congress on the amount the federal government can spend annually. The episode highlights the importance of the debt ceiling being raised to prevent a default. However, it also raises concerns about reduced government spending and its potential impact on the economy, social security, and other programs that have heavily relied on government funding. Additionally, the episode explains the implications for student loan borrowers, as repayments are set to resume in August, and for food stamp recipients facing tougher work requirements in order to qualify for SNAP or EBT.
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