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

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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.

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Links/Further Reading

Bitcoin.org

Investopedia explains Blockchain

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

https://tangerine.ca

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

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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

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

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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!

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

https://tangerine.ca

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Today Gloria is joined by her friends Stephanie and Alexandra. They discuss budgeting habits, how to save money while grocery shopping, and some tips and tricks to make the most out of the food you buy. Hope this inspires others to reduce food waste, price match, and shop local! Steph’s favourite non-hobby hobby is grocery shopping, so you know that she has the best tips.

Ten tips to save you money while grocery shopping:

  1. Go in with a list – know what you need to get and stick to the list
  2. Take stock of what you already have to make sure you don’t buy the same thing you already have
  3. Price match! Download an app like Reebee or Flipp to see flyers, and shop at a grocery store that price match
  4. Instead of ordering in, pick something up from the grocery store to supplement what you already have and cook a fun meal at home – it makes you more excited to cook at home
  5. If there’s a farmer’s market in your area, go late in the day for discounts
  6. To reduce food waste, prep and freeze produce you’re not going to use so it’s ready for use in the future. Listen to the pod to find out what you can freeze – you might be surprised!
  7. Use Flashfood to reduce food waste and buy reduced items
  8. Buy house brand/generic brand instead of brand name
  9. Don’t shop while hungry!!
  10. Keep herbs in water (and switch water out each day) to increase shelf life

Links
Steph on Instagram

Flashfood

Reebee  

Flipp

Listen now!

Referrals
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!

Welcome to SEASON TWO of MI$$ FINDEPENDENT!! I’m so excited to share this with you. In season one, we learned the basics of how to get our finances in order. In season two, Gloria will be opening the floor, using the podcast as a chill forum to normalize conversations about money.

Today she is joined by her friend Sachiko, who is building a campervan from scratch. They discuss Sachiko’s motivation behind the project, her relationship with money, budgeting for the build, and also budgeting for taking a year off to travel in the van. Hope this inspires others to get started on the project you have been thinking of starting – whether it is building a campervan of your own, beginning that marathon training, or starting a side hustle. Just do the damn thing!

Links

Sachiko’s spreadsheet tools – have you seen her budgets?? You should take a look:
https://road-to-pitches.com/spreadsheet-tools

Road to Pitches on Youtube
https://www.youtube.com/channel/UCWZDNjCrCLHeFA9oSj4QSXQ

Listen now:

Referrals
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!