Runda is back! This week’s episode is more Bitcoin focused, as we discuss the history of Bitcoin, the recent all time highs in Bitcoin price we’re seeing and the potential reasons for it, and once you’ve done your own due diligence – how to enter the market. We also chat about why it’s important to fund disruptive technologies. Hope this helps others understand Bitcoin better!

Key Takeaways

  1. Bitcoin surfaced on the internet in 2008, and a paper published by Satoshi Nakamoto detailed how to use a peer-to-peer network to record transactions.
  2. Three ways to buy Bitcoin:
    • Online, through an exchange. Once you have a Bitcoin wallet set up, you can buy fractional Bitcoin (it can be up to 8 decimal points) through crypto exchanges. These typically accept bank wires and Interac e-transfers. Some examples are Coinbase and Bitbuy
    • In person, at a Bitcoin ATM. You may have seen Bitcoin ATMs pop up in convenience stores around your neighbourhood in the past several years. This is a way to buy BTC anonymously, but they often charge high fees that are markups of 6-8% on top of the current BTC price.
    • On the stock market. You are able to purchase Bitcoin ETFs, such as QBTC-U.TO on the TSX. You are also able to buy shares of Bitcoin mining companies, and companies that are heavily invested in Bitcoin on their balance sheet (i.e. Microstrategy and Square). Their share price will be correlated with the price of Bitcoin, as they have exposure to the asset.
  3. Bitcoin’s price has surged recently due to a number of reasons, including increased institutional adoption, inflation, better regulation and more ways to enter the market, Bitcoin halving events – indication that it is a scarce resource, driving price up.

Listen Now!

Links/Further Reading

Bitcoin.org

Bloomberg Article – Fidelity launches inaugural bitcoin fund

Forbes Article – JP Morgan suddenly appears to be going all in on crypto

Investopedia Article – Why does Bitcoin keep going up

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

https://tangerine.ca

EQ Bank – all accounts get 1.5% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!

 

Today Gloria is joined by her friend Runda. They discuss what cryptocurrency and what blockchain is, how it works and how it’s revolutionized accounting. We chat about things you need to know before investing in cryptocurrency. Hope this helps others understand cryptocurrency better!

Key Takeaways

  1. Cryptocurrencies are digital currencies that are encrypted. There is no central bank so it’s decentralized.
  2. Think of blockchain as a giant history book of transactions. Each transaction is verified by different computers on the network.
  3. All cryptocurrencies have a blockchain but not all blockchain have associated cryptocurrencies.

Listen Now!

 

Links/Further Reading

Bitcoin.org

Investopedia explains Blockchain

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

https://tangerine.ca

EQ Bank – all accounts get 1.5% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!

Today Gloria is joined by her friends Patrick and Alex. They discuss the FIRE, or financial independence retire early movement. We chat about what the movement is, how to get there, our journeys, and why we want to reach FI. We also get into how to talk about money with your partner, and Patrick and Alex share their perspectives on money, happiness and being transparent with regard to money when in a relationship. Hope this inspires others to perhaps begin their own FI journey, whatever that may look like.

Key Takeaways

  1. You’ve technically reached “FI” once you have invested 25x your annual expenses. You can withdraw 4% and live off of your investments and can now live a work optional life!
  2. Have very transparent conversations about money when you’re in a relationship with someone
  3. Don’t get caught up in what others do on social media or in your circle – make sure you are aligned on what your priorities are and that leads into how you build your relationship with money
  4. Personal finance is personal. It’s your money – you can do whatever you want with it

Listen Now!

Links

Mr Money Mustache Blog

FI Calculator

Reddit – FICAN

Reddit – Financial Independence

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

https://tangerine.ca

EQ Bank – all accounts get 1.5% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!

Today Gloria is joined by her friend Isabel. They discuss the origins of gift giving, the 2020 consumer holiday outlook, ways to save money on gifts, DIY and sustainable gift ideas. Hope this inspires others sleigh on a budget this holiday season!

Key Takeaways

  1. Be up front and ask your friends if they even want to give gifts, or if they just want to hang out. The present is your presence!
  2. Make a list and stick to it. Shop sales throughout the year to cross things off your list and avoid last minute shopping. Planning ahead saves you money!
  3. DIY your gifts! Make something thoughtful or edible. I’m going to be gifting loaves of my sourdough bread.
  4. Create a sinking fund for holiday gifts and entertainment by putting some money away each paycheque or monthly. Automate this, and by the time the holidays roll around – you will have accumulated guilt-free money to spend over the holidays!

Listen Now!

 

Links

The Atlantic article on holiday gift giving

Plant a tree on behalf of someone

PwC’s Consumer Holiday Outlook Survey

Waste Reduction Week Canada

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

https://tangerine.ca

EQ Bank – all accounts get 1.5% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!

Steph and Alex are back again! We discuss meal prep, cooking at home, snacking to prevent take out cravings, and tips and tricks to make the most out of the food you buy. Hope this inspires others to cook at home more to save money!

Key Takeaways

  1. Tracking your expenses, especially for food can be very eye-opening and help you gain perspective on how to better allocate your spending, and maybe inspire you to cook at home more so that you’re able to spend money on other things
  2. Costco (or any grocery store) rotisserie chickens are great value, so versatile, and last for so many meals! Definitely a good option if you’re in a pinch
  3. Meal prep kits are fun but on the pricey side – it’s recommended that you purchase with a coupon code, they’re so easy to find (links below for Hello Fresh and Good Food)
  4. Planning ahead saves you money, whether it’s having snacks on hand or planning your meals throughout the week

Listen Now!

Links

Toronto Life’s breakdown of Toronto’s best grocery delivery services

COVID-19 Online Food Activity Study

Steph on Instagram

Recipe Sites (and a link to the Big Mac Pizza recipe)

Minimalist Baker

Cookie + Kate

Budget Bytes

Basically by Bon Appetit

Big Mac Pizza

Curious about those meal prep kits and want a discount code? Use my referral codes!

Get $40 off Hello Fresh!

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

https://tangerine.ca

EQ Bank – all accounts get 1.7% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!