everyone has their own unique views and needs when it comes to financial success if you'd like to leave your financial woes behind and live a life of Financial Freedom you've come to the right place welcome to the saving with Steve show hosted by Steve Sexton the show will help you with the ins-and-outs of money we talked about financial issues that could be costing you thousands of dollars and keeping you up at night we talked about money tax reduction saving more spending less 401K risk management retirement and everything under the sun that relates to you having a healthier happy relationship with money now your is your host of saving with Steve Steve Sexton hello welcome to the saving with Steve have your healthy relationship with money my name is Steve sex and I want to thank you for joining us on it thank you first of all for sharing with you and your friends and family we have over 600,000 listeners here in the states and we just got over 60,000<br>explaining that worldwide to were very very thankful for you all today we have a wonderful show at first I'd like to talk about the top retirement transfer this is really important because we have economics that's going nuts because we saw a transition to a shutdown industry for market segments to the segments that are providing the picks and shovels for the market and that has effect on multiple different level and it is interesting because what we saw here is the 9.5% drop in the market back in March in their investment to those of companies like Amazon Google Now we saw the online stores we saw anybody like Costco wall mount for providing the picks and shovels for people to live through his pandemic we all saw them try well as retail travel and so on anyting entertainment just went to a standstill and<br>regardless thing that we have these Sturgis from Sturgis go up and down there all causing issues with these industries and you know quite frankly if we have more than a couple more shut down we might be seen by two portions of retail we might be saying goodbye to a lot of restaurants and small businesses because they won't be able to survive with people run out teacher dies next you know what you look at what's been happening with large organizations over the last year where they decided he knew it nor the better function in this covid to come and post covid environment we need to color management lot of times it made in upper level management or in the 50s early 60s hey there were about to retire 3 4 5 6 years and here they are being laid off early so hopefully they find a new job or if they don't they're going to have to start making plans now and figure it out how are we going to go about retiring based off my current income and so on and so forth now on top of that we also have people to say<br>2020 I was going to retire but why should I what the heck am I going to be able to do I can't travel anywhere I can't go out to restaurants I can't do the things I want to do so you know what I'm going to have to wait until this pandemic Don people are comfortable the vaccines out the whole shots there was that we're going to see some friends that are coming here first chance they're likely to keep low interest rates for the whole entire year now was that you're going to see low interest rates when it comes to death so if you have a mortgage in your percentage points or more your current mortgage is more than a percentage point or more above the two and a half percent 30-year fixed interest rate would be good idea to start working about does it make sense for you in it doesn't make sense to refinance now I'm at a number of people look at refinancing and they backed out of it because it makes Financial Sense on multiple levels I've had people that have taking Equity out of their home to eliminate the car payment and some other debt and still have a lower<br>payment after re-signing which means they're saving a lot of money on their monthly expenses which enables them to support retirement if they're getting a bit having a better retirement or leaving a retirement or funding in emergencies bun or funding by one client or a couple clients decide that they're going to private school and they're using the savings that they have to fund their kids private school education board more beneficial than the public school and that's really looking to do that so you can do many things you could do this with ours and I've seen people that are able to better able to afford a car payment right now because the interest rates are so low and they're taking that advantage of that it would be important to look at it how can it reduce your monthly income in your monthly expenses not your income but grow your income should you have less expensive to secondly we're looking at interest rates from an investment standpoint how does it help your retirement will I get done it here's why<br>what must be quite Frank with you if you got an interest rate that point six to 1% for one year and you're in a state like California New York Illinois any of those high-tech senior likely the 25 or 30% tax bracket on top of that you have a 3% inflation rate now if you're in a longer than one year term and you're earning one you're actually losing money safely because you're rotating your purchasing power and you're paying taxes on them the money that you're making wishes detrimental to you now don't get me wrong savings and CDs are the best one of the best places for state money that you plan to use within the next year but when it comes to long-term retirement not going to get you there and many people are looking at that that low interest rates are they looking at the low interest rates with bonds are looking at the increased risk factors do 20 interest rate risk unsystematic systematic risk than other risk of missing him we need to make some changes or some people looking at 8 I'm going to take this money that I would want to stay in in<br>best in the market because I can get a better rate of return some people are looking at that and say hey you know what I'm going to use it fixed annuity or a fixed index annuity because it eliminates the bond Russo taking off because it's principally protected and whatever the growth is protected and you can trade it in time for a bit you know what is using in the airport to 7% range which is better than CDs or what's supposed to bond rates are going on right now so they're looking at those thing but before you invested anything make sure you're talking to an investment advisor Financial Consultant they can help you with that decision make sure you get all the information needed to make a prude informed decision next door we're looking at what will happen with taxes this is a big but a lot of people are concerned about this is not likely to see major tax changes why you're barely have one party or another having the majority you know you have one card in the Democratic party has majority in know the House and Senate as well as to why do great but that majority is slow<br>and ask that you're not likely to see massive or crazy tax changes Crazy Ray's ale regulations in the next year so the only thing I really see coming on the horizon is an estate tax limit change is 11.4 million per person is likely to get reduced and yeah I can see that happening here in 2021 in 2020 and those will likely continue is our 2021 now the trend here is people are making sure their estate planning documents are up-to-date that means you're will your trust your power return the berry Financial in your health care directive these things will you know what help you prevent probate where your state or country will say how your money is distributed Once you walk out of there that's not so much the big thing it is if you have people you love and that's your plan but when it comes to the power of attorney of your financial help your designating somebody to make Health Care decisions and Financial<br>on your behalf if you're not able to because you have covid or some other health-related issues and a lot of people are stepping up and getting the trust because you know what we're finding people in their twenties or thirties or forties or fifties sixties all the way up to 100 are passing away from covid-19 in the hospital for two or three months and coming out and they need that help the next thing is people looking at hey what about my insurance policy do you know what if my husband sporty and he's the primary Breadwinner or half the breadwinner and passes away how am I going to sustain my family how am I going to spell complete if he's not able to save for retirement and that's done through life insurance a lot of people looking at updating their life insurance and it makes a lot of sense to talk with somebody to figure out how much you need in order to support your family if your husband or wife walked out on Life Next Looking At disability now covid covid vaccine if we've heard about the things that are happening because of covid-19<br>we'll just know that this disabilities in reference to breathing stuff like that if they get covid-19 what you might need some disability insurance to make the payments while you're recovering so it'd be important take a look in there and that is becoming a chat at red one of the retirement friends that were actually seeing now is there is a building that has been presented by the House of Representatives secure act you play no but really what it's about is to provide more flexibility with retirement savings account which means it'll give people better on all Plainfield the ability were there with a large company working for themselves to save for retirement OK Google play are here you will likely see more doctor visit online right let you know what's on Zoom or Skype or other things like that that industry was just getting going and<br>what is been all magnified tenfold just because it covid in the last year you know what and you're going to see more and more with that now one of the last things I want to talk about his technology smart home the area of the technophobe and it's gone mine has 84 you know what she got his first iPhone at the age of 84 never thought he would but he did and he's learning how to use it he'll learn how to use Skype you learn how to use zoom during this pandemic and you know what people are going to start connecting not only the video calling the streaming video is the user-friendly app and retire interconnected with all this pretty smart home and will likely see that as the future of the Next Generation and the generations to come stick with this will be right back more expert advice for having a happier relationship with money still to come on the saving with Steve show<br>don't let your financial woes keep you up at night and prevent you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where to be talking about the in an ounce of money does Financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve sex and out of saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br>welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton ends and out of money pretty much everything under the Sun at least two you having a happier or healthier relationship with money my name is Steve sex and I want to thank you for joining us on it thank you first of all for sharing with you and your friends and family we have over 600,000 listeners here in the states and we just got over 60,000 expanding that worldwide to were very very thankful for you all today we have a wonderful show at first I'd like to last week we have soda so few men do from valuepenguin talking about those dream vacations and how to go about getting them this week we're going to be talking about that new legislation is called the secure act number to zets retirement stuff but also very important this is kind of our crypto week we have you know what gate I owe okay is there the biggest cryptocurrency Exchange in the world with over twelve hundred different coin<br>10 million registered users we have their Chief marketing officer we have Marie metaverse helping us understand market conditions boy there's a lot to unpack here thanks for being here and sharing your knowledge with everybody thanks so much see if I'm always super excited to be on a show that is for crypto newbies cuz there is so much for you guys to learn it's always nice to have you and believe how many people have been going to our viewers and what about this how does this work how's that working I'm like okay to go through all this so it might not have enough time so hopefully you be happy enough to come back but just a little bit about you used to be a CEO of a digital marketing company that focus on the blockchain in Hong Kong now you're their Chief marketing officer you worked in the age is the emir<br>cuz you been all over I have yeah so I started out having my own marketing agency after having worked for many years I was using something called 21. Cuz I know at the time which I was mostly using to try and get new clients from but I was earning this thing called Bitcoin and other time it's kind of funny cuz I thought it was more like a loyalty program but then I was like having some in and so I ended up being like that maybe I can like cash this out and so I started being like okay where can I cash this out and it was like 2016 so that's quite a while ago and I just ended up going down the rabbit hole about like what is bitcoin I became really interested and there were lots of companies in China who needed like my markings help so I started working with them and working<br>blockchain tech companies as well before finally Landing what would be my last gig for my company which was creating the marketing strategy for gate.io and then having them asked me to come on for it to be there CMO and because I totally had fallen in love with crypto I could like not resist and so it's always great to pursue your passion so that makes life a lot easier especially when sometimes we all know we kind of grind through a few days here and there but you know what it's really interesting cuz I was having a conversation about you and your company more so about different clients that I know about over the years cuz I have one client who was lucky enough to actually buy Bitcoin at $100 a piece and he saw it actually he didn't see the value he just let you know if it were<br>stop this would be great and it's great and I also know people who buy Bitcoin at 60,000 and 30000 and you know what some people don't understand what's going on how work I have others that just don't get it so that's that's one of the reasons why we want to have somebody here like yourself and first of all let's just talk about how gay Tayo works and then let's start when you're walking through people have crypto-currencies and Abby's and so on are 9 year anniversary this year which makes us yeah one of the oldest a lot of them have come and gone then threw a few texts stolen the money you know so there is there is a quite an adventure if you go and check the latest Netflix on finding you know of the crypto<br>bar with crypto King the story of a quadriga acts you will see that is a very is very common in the space is so we've been around like a really long time and we've grown a lot with the space we've been through our own Hearts we seen all of us and we'd learn a lot from that and we've always liked you know been able to reverse Oliver users for anything that might have happened so real loyalty from or users but I'll do the currency exchange before we used to do mostly crypto crypto trading Bitcoin for aetherium or Bitcoin or any of the 1300 cryptocurrencies that we have on our Exchange in June of last year we also enabled like Fiat transaction or regular money transactions<br>can I buy Bitcoin or etherium with your credit card on our platform or with your bank account or like a service provider or something like that so that's the only possible so you can buy the difference of cryptocurrencies and if you are interested in like you know engaging in more kind of Advanced Techniques you can also do leverage trading you can do by NF piece you can participate also in dollar cost averaging which I really recommend for any nudie if you don't if you kind of want to set it and forget it then you can just say OK Google to use the periodic investment plan on gate I know and I'm just going to say I want to buy $100 of Bitcoin once a week and yeah you just plug it in and it'll do that for you you can also do some copy Trading<br>find like the traitors that perform the best in a blank copy their trading there's yeah there's a bunch of things that you can do but basically the main idea is your One-Stop shop for crypto trading they can buy the different stocks and stuff like that do the dollar cost averaging you set up an exchange so people can do the same thing but it's just for crypto which is wonderful how old is crypto you know why people don't know how does it work cuz there's nothing there that backs it up and I understand that we went up and do the gold standard so what really backed up the US dollar so that's something similar so how does cryptocurrency work house evaluation work I mean obviously the valuation depends on how many people are interested in it right Supply in<br>man what I definitely will say is contrary to the US dollar most crypto-currencies and definitely Bitcoin has a limited so we recently just mine be night like 19th million Bitcoin but there will only be 21 million Bitcoins mined ever and the 21 million Bitcoin will be mined in 2140 so so be there yeah there's only two more million Bitcoins that are still going to be mind between now and that so there's actually there's a very limited Supply that's going to be generated so there is definitely the scarcity aspect that's for sure and that is also the case for a lot of other cryptocurrencies<br>all of them about why you always have to like make sure you do your research when you like purchase like a cryptocurrency but there is actually a very limited Supply and I seen a huge demand we have seen huge companies like Tesla and microstrategy and use huge institutional players take like money from very rich people family offices who really want to invest even a small percentage of their capital in crypto so I seen the demand really go through the roof and I would be personally I definitely think we will not go into the next cycle when we will not go under 33 because that was the price that Elon Musk bought<br>crypto war table and he invested 1.5 billion dollars you know in Bitcoin at that time last year and I think that'll be the bottom for the next cycle I'm not saying that we can't go back there this cycle still possible but overall what is valuation supply and demand very little Supply huge amount of the man you guys are smart enough to do when having is so every four years so like like I said right there was 21 million Bitcoins that we're going to be mine how is it possible that big one is only we do 11 years old and already 90 million have been mind but you're saying only two more million will be mined in the next hundred years or so<br>how is that possible so it's possible through this mechanism called the having so every four years the reward that is generated to maintain the blockchain I the miners is halved so to explain this in a way about you guys will understand the blockchain is maintained by all of the miners competing to try and solve the algorithmic problem that the Bitcoin machine is throwing at them and in that way if they solve the problem then they win the block and in this block they're all the transactions that difference between exchanges are being made the different Bitcoin transactions that are being made so if you win<br>walk as a minor then you will win the service fee but you'll also win the Bitcoin reward so at the beginning the big one reward was much higher but every four years there's a Bitcoin halving in the reward is divided into so as a as a result we are seeing kind of an exponential amount exponential should I say reward being distributed most of the Bitcoin was being distributed at the beginning would make sense right because at the beginning Bitcoin wasn't work so much money right and so that is also why we've seen a lot of a b we call them the Bitcoin Cycles a lot of the value Creation with Bitcoin has also been tied to<br>this house because obviously if there is a having then there's less there's fewer big ones that are being distributed and making it more scarce as probably increasing its value okay so basically because of this happening and possibly other things where that's the reason why we're seeing the price fluctuation so the supply obviously you have to have the Demand right but yeah and the scarcity<br>this is wonderful I'm like all in here so we're going to have to take a big so stick with us and be right back with more Marie here at gate talking to us about crypto will be right back in just a moment more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevents you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the ins-and-outs of money those financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve section of the saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton welcome back to the three pigs are available at saving with Steve. You asked if you're enjoying the stories of helpful information inside on saving this be that encourage you to spread your YouTube channel so you can never missed a show check out a few of our Affiliates at UK help radio bvs radio AM FM 247 all these networks are dedicated to empowering you to solve problems uplift your spirit and live a life of personal financial Freedom they were back here with Marie at gate Ayo and we have a whole bunch of Norton different questions about crypto now there's like 13 different cryptocurrency ask correct the next part is people can't you asking what is an NFC<br> right I know it's a little bit confusing a 10ft is a non-fungible token so what does that mean if to compare it to a regular cryptocurrency they are considered fungible token so one Bitcoin equals one other Bitcoin equals one other Bitcoin they're all interchangeable with an NST I can't just like interchange of the NFC of my cryptokitty with the NFC of your cryptokitty because they're not the same just like I can't say that this piece of art is worth exactly the same as your piece of arse right so that is what we consider a non-refundable token there are so many different use cases for non-fungible tokens right now the most popular is Collectibles so what you seen in the news crypto punks<br> for all of these board aches that you seen these like crazy monkeys they are the kind of gold standard of nfts they'll be they'll be there definitely part of the crypto phenomenon and I think will be for quite a long time and also we have seen a lot of celebrities drop their own and if he's kind of as a way to you know have their fans appreciate and feel like they're sharing something with their with their favorite celebrity but these are Collectibles so they're only kind of worth the value that somebody else wants exactly he's that can be used or other things so for example maybe if you play a game you can have an entity which is your sword<br> and that can be considered an entity and you can use it in the game but you can actually own it the point of blockchain technology is that basically you can really owned every thing that you can keep it on your own decentralized wallet that's like the real purpose of like blockchain technology right otherwise you may as well just keep it in a centralized platform and certainly not everything needs to be decentralized that's absolutely true but I do think there is a lot of exciting things happening and gave an example maybe I'll use this store in Clash of Clans but also if they do a partnership with Candy Crush for example I might be able to come and use this sword in Candy Crush your cell so there might be that interoperability obviously maybe Clash of Clans than Candy Crush or not<br> examples of what use case might be there's also all of these metal persons that are being created and certainly this year has been the year where I've really seen meta vs come more to life and you can cuz I've heard the term a hundred times I just don't have a clue<br> Converse is a space where you can enter with Avatar and maybe with your nfts right and you're able to go around all of the meta vs are different but you know some of them seem more real to or similar to our world some of the other metaverse has might be more similar to like Hakeem world and I do think in the future will probably have meta vs that will also be very appropriate for the training world where we might see surgeons Were Soldiers start training in some metal braces that are specifically designed for for that purpose and in which case of course the design of the metaverse will probably be really different than saying I'm at a verse that you enter to do play again<br> okay so you might wait you're you're ending 10ft inside a metal verse particularly if you want to build something in the metaverse and hear you're being an NST that actually has a used case which is you are creating something in the metaverse and there are a lot of Creator's already in sandbox in decentraland if you are a Creator particularly digital artist I really encourage you to go and check it out cuz lots of opportunities for you guys there was talk current market conditions for crypto does this you know this whole War thing so she cannot mix the whole economically thing how does that affect the crypto right that's a really interesting question a few weeks ago it would have been much more difficult for me to say but it does seem like Ukraine<br> realized using Bitcoin Russia hasn't been pushing back too much which initially we thought they might be so it actually seems like the war might be all of the different parties in the war might be using cryptocurrencies to further their own agendas so that is more of a use case for these for cryptocurrencies that's obviously kind of a difficult question we can't imagine a world where rather have gas or oil be denominated in Bitcoin rather than US dollars but obviously we have to see whether that would be a reality or not seems unlikely for now but definitely something they would be interested in pushing I should think but overall in<br> the space we've recently seen we were recently in a bear trend of but it seems like we've turned things around recently we broke out of a triangle so we seem to be moving upwards I think this is particularly due to UST so Terra Luna they're creating USG this stable coin in the stable coin is backed by Bitcoin and as a result because they wanted to print more USDA they needed to buy a lot of Bitcoin is so that means that they really pushed the demand for Bitcoin they've been buying up hundreds of millions of dollars of Bitcoin which has pushed the price for the Rob<br> going to be investing in Bitcoin or cryptocurrencies the entities metaverse what what should they be looking to understand before they make that decision because you know it's just like any other Investments of currency and commodity or a stock what should they be looking at before they make that decision everyone is you should understand Bitcoin as a technology before understanding it as an investment so go and do some research about Bitcoin I've only explained the very Basics but if you do more research I think you will understand better what is so powerful about this truly decentralized currency and why it's important that we have big ones once you do more learning about cerium and other cryptocurrencies will probably also<br> me what the special about that they variance typically referred to as you know it's like magic internet money and I do I do think it's very exciting to see what is being built on ethereum and a lot of other cryptocurrencies so if you go and check them as Technologies then you will be more certain in your investment in them because Bitcoin does to go down 5216 to 80% but if you're certain about your investment in this technology then you'll have Diamond hands like we say in the industry and you won't sell at the bottom before it goes back up that it makes a difference it is long term for crypto people but I will say this for now until now anybody who was invested in<br> wine and has held it for more than four years has always seen a return on their investment haven't done as well in some of those funny commercials that you see our our our them but you know what so they just have to be patient so you know what Marie I want to thank you for joining the show today this is Marie tell you that she's with gay oh I encourage everybody to go to gate IO I've already been on their side to get a lot of information and education and tools for people you want to go check that out is there are some educational pieces as part of the platform there yeah absolutely you can go and go on to gate.io and going to the education section you can also go on tour YouTube channel they like lots of different staff myself included like I host a weekly show on Fridays and we also have one of our main teachers like very funny guy<br> I do like those all these sketches really really great and I went I will definitely stay is the great thing about our education is that we're only really looking to educate you about the different cryptocurrencies we're not trying to push you into buying any particular one because we have so many of them on our exchange there's no reason that we would need to do that so our information is more attractive about gate iOS effect that there's over twelve hundred different cryptocurrencies there you have for the nfc's The Meta vs you also have over 10 million registered users which means there's a lot of people coming to your location because it has all their tools and resources that they need to Marie again I want to thank you for being here and marketing officer for me. Thank you again I hope you have a wonderful weekend enjoy your show tomorrow hopefully we can see you again thanks so much for<br> having me on the show Steve and if any of you guys have any questions you can let me know on my Twitter page at m a r i e t a t i b o u t t that's my name that's so hard to stop baby safety healthy will see it thank you and say hi and see them and get some education at minimum and with that that's going to wrap it up for our show this week you have a great week look forward to seeing you next time same place same channel bye bye thank you for joining us for the saving with Steve show hosted by Steve Sexton to learn more about the show and how to become a guest or sponsor visit saving with Steve. Us that's saving with Steve. Us join us again next time as we continue to talk about everything under the sun that relates to you having a healthier happier relationship with money this has been the saving with Steve show<br> hosted by Steve Sexton<br>