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Crypto Fam Radio Money Monday EP42
Recorded: April 21, 2025 Duration: 2:09:54Space Recording
Full Transcription
you I'm going to give you what you want. I've got everything you need and more.
I'm sure I'm going to take my hand.
I'll throw you away.
Another girl says she needs me for my wallet.
She needs me for my loving.
Another girl says she needs me for my kindness. She needs me for my highness. Another girl says she needs me for my kindness.
She needs me for my highness.
Another girl says she needs me for my money.
She needs me for my loving.
Another girl says she needs me for my money.
She needs me for my pretty hugs.
And I thought that's alright.
I could show her a good time.
I could give her some free ride, baby.
You know that I have everything that you need
Just stick around and see what I'm going to do
I'll give you what you want
I've got everything you need and more
Just take my hand, I'll show you the way
What's up, what's up, what's up Oh, yeah. Another girl says she All Thank you. Oh, my God. Oh so
no Let's go fam share the space crypto fam radio money monday episode 42 let's go let's go! Thank you. I Thank you. so
Oh Thank you. so
Let's go. Thank you. This is the beat, that's the fire beneath Lock it, from the cannon to the spear
Lock it, from the cannon to the spear
Lock it, from the cannon to the spear
Lock it, from the cannon to the spear
Lock it, from the cannon to the spear Lock it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it, bring it,, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never, never is
Now it's a party till 5, 2, 1, what a house has come alive.
Raise up!
Stacey and Tisha, them a bust and move.
Kick off the tunes, you have to get in the groove.
Yellow gun load, them a prove them screwed.
New dance a launch.
Everybody approve.
Rasta, we a party hard.
We a party strong.
Rasta, road, we a single song.
From the dancers to the party long.
Dance all unity, we can't go wrong.
Blanche, straight up, we done the show.
Brought the weekend, let you know. 20, 25, we a keep the flow. Let's go, fam.
One more song here.
We'll get started.
Crypto Fam Radio.
Money Mondays.
Let's go, fam.
Tag a few more people building this space.
Streaming on X and on Kik.
Also on the arena here.
Let's go. While the radio is blasting out for someone's refrain A frivolous proof, let the ink run beat
Things of revolution, let the silence speak
From the hope, take a poll till the subway's roar
Lights and cameras, so I'm taking the door
See the elders, God, wisdom in the eyes
If he's written through the message where the spirit flies
Take for the hustlers, bring us in the clines
Chasing liberation to the amazing minds
See the pulse, feel it in my veins Lookin' on the snow, drinkin' all the chains and
burn the shadows down is
Let the vibe stay true, it's a meeting my, yeah, for you, for you
Ayo, the beat don't stop, it's the life we live
Every note's a gift, every rhyme we give
From the ash we rise, let the phoenix soar
Where the future now, what we fightin' for
City post, yeah, it's all I know
Hey! I'm the VIP. fire oh like
feeling like forever, never growing old.
My squad is so deep, we're right in motion.
Raves in the air like we're stuck in the ocean.
No breaks, no sweet, we just keep it ignited.
Rockstar life, man, the whole world invited.
Blaze like a rockstar, we don't ever stop.
Neon lights, watch the bottom, I'm about to.
Stand until the ceiling, more cool, it's the night.
Party till the sun up, we live in the high life.
Who's high? We high. Who's lit? We lit. From the club to a spaceship, take another hit. Who's high? All right.
I think we got enough of that.
What's going on, fam?
Jam, jam.
Happy, happy Monday.
That is from the Chill and Vibe playlist by Chill Sample Hub.
That is the text alias over there on YouTube. from the chill and vibe playlist by chill sample hub.
That is the text alias over there on YouTube. If you guys aren't doing the AI video challenge
that me and tech are doing over there,
that's all AI generated by the way.
The video, the photos, the text, everything tech.
Super excited about your latest videos over here so
yeah man much love much love I'll get you up here a speaker as well my best
let's invite you guys this is crypto fam radio money Monday episode 42 guys
haven't retweeted commented bookmarks bookmarked, liked, all that in the spaces yet.
Please do that real quick.
We are streaming on X right now and on Kik.
And then I was going to put us on the arena too, but my other phone decided to stop working.
We'll just have to skip that for today, guys.
But yeah, we're over here in spaces.
What is up, GMGM?
Happy, happy Monday.
I'm absolutely loving this Monday, fam.
Worked out this morning.
Went on a run, about a six-mile run.
Was invigorated to seize the day.
And yeah, it was nice, balmy, 70, you know.
Getting a little warm, warm actually down here in
sunny Florida, but I managed to get that run before the heat started settling in.
But yeah, it was mostly overcast today.
I know a lot of the fam is still not quite here yet.
We had a big Easter break weekend.
Hope everyone had an amazing Easter
weekend. I know it was 420 yesterday, the same day Easter was happening. What a coincidence,
right, fam? So I'm sure everyone got their R&R together and was able to spend some time with
family, right? Family's important. Friends are very important as well.
And yeah, just, you know, having a little more me time. You know, it's always good to take a break
from screens, right? It's always good to take a break. When you're trying to build in this space,
you can't always be grinding, right? You got to take breaks. You got to rest.
Resting is just as important as grinding, right? So you got to make breaks you got to rest resting is just as important as grinding
right so you got to make sure you get an amount of sleep in get enough exercise and also eating
right right like what you eat is very very important in the space but anyway guys we are
going to go through some updates real quick uh after the updates with cryptooFam Radio. I've got Tech here.
He's going to be speaking more about money in the space.
How do you balance your money in crypto with the tech? That is our topic for today's space.
So thank you.
Thank you so much again for joining us.
Give you guys all a little clap for being here.
Because as you support me by being here, guys, I support you in so many, so many ways.
Make sure you're all following each other.
I see you in visiting BTC.
What is up, my friend?
New PFP.
Loving that.
We've got zombiegonetv.sui.
I thought I was following you, man.
My bad.
We got AfroDC as well. Make sure everyone's following each other.
This is a pretty small space right now.
We're still getting a few people pop in, and then I see people over in the live stream as well as Kik.
So definitely, definitely appreciate the support CryptoFam radio.
Yeah, so we're going to go up here real quick, look at the updates.
We have a new space schedule for the week, fam.
If you haven't taken a look at the new weekly live space schedule, please do that right now.
Every week we try to provide a little different programming, right?
Every day is something a little bit different.
However, this coming Wednesday, we usually run Web3 Wednesday, Women Wednesday, I should say.
And I had to cancel that space, unfortunately, because I am literally working all day.
This isn't my full-time job yet.
I do drive limos for a living, and it's really hard to run a space while you're driving, believe it or not.
And they've got me working basically at the start of sunrise, nine in the morning till about 11 at night. I'm working about
a 14, almost 14 hour shift on Wednesday, guys. That's how busy we are on Wednesdays. So I had
to cancel that space. Unfortunately, we were going to have homegrown creations back actually,
because we were rugging last Wednesday because I was actually in route
to work. If anyone actually caught that space last Wednesday, it wasn't a pretty sight. We
rugged once and then we opened up the space again. Then she wouldn't come back because she was afraid
we'd rug again, which is fair. It happens. It happens from time to time. I don't want to do
that, especially to our guests that we're interviewing here, that we're showcasing.
And so I had to reschedule that for the following Wednesday.
But anyway, guys, so today is Money Monday.
It's a new program.
I've never done anything like this before on Mondays.
Last week, if you were here, we were doing Mindset Monday.
But this week, I thought, you know, money's kind of important.
You know, like it's really important in this space.
We do a lot of investing.
We do a lot of trading.
I'm sure most of you are traders in this space of some sort.
And so I think having a space dedicated to talking about money, being really real with money, I think is super important.
You know, like we should be transparent with our money and what we
do in this space. And we should learn how to budget, right? So Tech will be sharing more of
his background. He used to be in banking and he is a finance guy. So I'm really excited to dive
deep more on that for today's show. And then tomorrow, like I said,
we've got Collab Tuesday,
Coffee and a Joint with Big Man X.
We're still running that up,
followed by the Green Pill Collective.
If you guys aren't a part of the Green Pill Collective yet,
you should be.
Definitely get involved.
If you want to be more involved, just DM me too.
I'll invite you to the group,
but it's just a bunch of Web3 communities
helping each other out, supporting each other by being in spaces or sharing each other's posts or, you know, just being
a part of something bigger than just yourself, right? So that's what the Greenfield Collective
is about. Like I said before, we had to cancel the Wednesday space. And then following Thursday,
we have a special AMA space with Harmony Hub so if you don't know Harmony Hub on Sui
you should be following that account
this is going to be a really exciting interview
it looks like it's going to be a launch pad for musicians
NFT artists who create music
and they're going to be able to do this on Sui
create these little NFTft music i guess tokens
and unfungible tokens right so in the space and so i'm really excited to hear more about the music
aspect how she's helping musicians i guess translate their web 2 into web 3 and how that's going to be helping artists more on that end.
So I'm excited to be talking to the founder of that account and of that launchpad that
she is creating.
So that is AMA Thursdays.
That's going to be starting at 1 p.m. Eastern Standard Time a little bit later because that
just works best for her.
She's on the Pacific standard time.
She's way over on the West coast and her time zones are a little,
you know,
flipped around.
And so we're just trying to accommodate her as well.
And it looks like I am free so far.
I'm not driving at that time.
And so that's what we got going on Thursdays guys.
And then lastly on Fridays, the Fearless Friday again, share the challenges you overcame this
week, TGIF.
We're just going to run that back again.
I know we had a really great Fearless Friday space last week.
Appreciate you guys going over there and supporting and sharing your stories about your weekly
challenges.
I know it's hard sometimes to talk about your challenges in the space,
being vulnerable, and so we're all fam here,
and we are trying to support each other,
and that's definitely providing a safe space for you to share your stories
and the challenges that you've overcame.
It's important.
It's good to talk about those things, right?
So we got that going on Friday as well.
All right.
So and then lastly, fam, let's see here.
I've got the last update.
I just posted this.
So CryptoFam Radio is a search of space hosts.
If you know anyone who wants to start running spaces, but not sure how or not what to do,
or maybe they have an idea for a space a certain
type of programming that they've always wanted to try but they're not so confident in trying it
themselves or starting on their own account crypto fam radio is actually looking for space hosts that
have new show ideas to try it uh with crypto fam radio so. So you can just DM me. I'm making this as easy
as possible. I am your host, Du. So just Du the Du, that little black cat right there. And I
literally run CryptoFam Radio and I host every single show. But you know what, fam? It shouldn't
be like that. CryptoFam Radio is a volunteer-run radio station on X, right?
So it needs to be for everyone, meaning I envision a team of space hosts, of radio hosts that are running shows under CryptoFam Radio.
So you have a dedicated team.
So no matter what time of the day, you're able to access X spaces.
You see CryptoFam Radio.
You see our calendarFam Radio, you see our
calendar, our weekly calendar. It's going to be showing the different space hosts and their
different shows that they will be running at least once a week. So I want to start that up.
That's been a big passion of mine. It's the next step in growing CryptoFam Radio. So that's what
we're going to be attempting to do for the next few
weeks. So if that is of interest to you, if you have a show idea and you're unsure,
like how to execute it, if you're struggling to be consistent with your programming,
or if you need a team to inspire you to keep going, you know, CryptoFam Radio, we want to be that help. So just DM me.
I will help you.
And we can set you up with a show of your own.
It can be, obviously, it's got to be something crypto related.
We are CryptoFam Radio here.
It's not like we do market updates every day.
But I think more than anything, it should be about a topic, right?
A topic that you're passionate about. a topic that you want to talk about, that you can
invite others to talk about with you, right?
To discuss with you.
So that's what I'm kind of leaning towards.
Certain topic ideas.
It can be, you know, on any chain too.
Like I said, CryptoFam Radio is inclusive, not exclusive.
We used to be CroFam Radio. We
were on the Kronos chain. We were interviewing tons of different WED3 communities on that
specific chain. But with this new rebrand, literally about a month and a half ago,
once we did the rebrand, I wanted to make sure that we were able to bring in a wider net of
people, right? Like we want to bring in a wider net of people, right?
Like we want to bring in more people.
We want to do not just the interviews, not just the spotlights, not just the AMAs.
We want to do certain topics, right?
Topics of discussion that are relevant to you and what you're trying to do in the space.
Let's see how you're making money, right?
This is why we have Money Mondays, right?
So I just want to welcome Tech here.
Tech, are you here, my man?
Let's see.
Did you hit that request button, bro?
Definitely accept that, Mike.
We want to get you up here.
We want to get the show started because, you know, people love me talking, but they definitely
want to hear you talking as well, Tech.
I just want to welcome you to the stage.
Thank you so much for being here, Tech.
How are you doing today, my for being here, Tech. How are
you doing today, my friend? GM, GM. Happy Monday. No problem. Thank you. And good morning, everybody.
So let's see, where can we start? The biggest part in terms of making money, and this isn't
any financial space, not just crypto. You have to build your understanding of finances and the economy. So this is a part that a lot of
people skip that I highly encourage doing first. So when you're at work, maybe try to listen to
some audio books that can teach you about how money works, for example. And there are some podcasts
that are very reliable. Crypto Radio Fam tries to work on stuff like that. Some of the ones I
listen to on YouTube, like Earn Your Leisure, have professionals in the finance space that talk about
money. So I listen to them every Monday and they're only once a week. So imagine just committing once a
week to that for a few years and learning like that, for example. So definitely start with
education first. From there, the next step is how you allocate your money. Now, all of our finances
are different and we all make different amounts of money. So making a budget is definitely going to
help with that. So I just wanted to give y'all a spitball example of what that may look like.
So let's say you, for whatever reason, could only afford $20 a month. Maybe you have kids,
maybe you have so many bills and debt that you're paying that that's the best you can do
Well, even with $20 a month and compounding interest
You can still make some decent money long term
So I actually did the math on this with grok and
If you did just $20 a month for 10 years and this is on the stock market with VOO, which is an ETF,
they average around 12% a year right now in APY, you would actually end up with about $24 to $2,700
in 10 years. And that's just for only committing $20 a month. So for someone that's hurting on money, that would help them
quite a bit. So you could actually do little small stuff like that. Now, in terms of crypto
and organizing the funds, I like to look at it based on information we have that proves that
a project is worthwhile. So for example, if you look at
Bitcoin, Bitcoin has been outperforming every market for years right now. So they're honestly
the most trustworthy crypto. I know we hear people talk about Bitcoin this, Bitcoin that,
there's not a lot of gains anymore, but they're the tried and true. So whether you have a lot of money or
not, this is a company that's proven itself. So a lot of money should be going into Bitcoin in
terms of crypto. You should also not only be investing in crypto, look into stocks. If you
can look into REITs on the real estate market, You want to diversify your funds because when there's a
market that's down, there's always going to be a market up somewhere. Right now, with everything
going on with Trump's tariffs, don't want to get too much into politics, but we can see crypto and
stocks are down, right? But guess what market is shilling right now? Real estate, because people
still got to buy homes. And if tariffs affects the cost of the goods to
build houses, then it's going to be expensive to pay rent, isn't it? So that's just something
else to keep in mind. So I would definitely do those as the first tier. Your second tier,
you want to look into more altcoins. So you look into projects that have proven themselves
or that you've done some type of
vetting process in terms of looking at what they're doing for their business. So what I like
to do for altcoins for my main tier of altcoins, I like to look at the ones that are labeled made
in America, because those are the ones that the American government and the banks are looking at
right now. So people who already have big money,
you know, are buying. So I would consider them as the top tier list of altcoins.
Now for other altcoins, I like to look for companies that have utility outside of crypto.
My mindset is if crypto died today, which I highly doubt is going to happen, how will this company adjust and stay alive?
So that's what I look for in my altcoins. A good example of this, I would say, is Decentral Bros.
With Decentral Bros on base, you don't really see a lot about them on crypto Twitter, but they do a lot of work with big businesses offline, teaching them how to tokenize their assets and come on the blockchain.
And these are businesses that are established, have a lot of money.
They're just not good with computers.
So they hold their hands and try to guide them with that.
And you can actually look at the Decentral Bros website and see that there's companies that do landscaping
in Colorado. They work with companies that do charity work because with charities, investing
some of the money that you get for charity to grow it more, to do good things for good people,
is a good idea. There are charities and churches that do this if you do a little research. So
companies like Decentral Bros, helping them is also a
utility. So those will be the second tier. Now the last tier is only for if you have discretionary
money. So if you're hurting on money and you can barely invest, don't even think about the third
tier. But if you do have extra money, that's when you start doing research on meme coins, which let's be honest, are basically
lottery tickets. There's no like math, science, or utility to them. So meme coins are just throwing
money at the wind. So that's something you can do for fun if you have extra money. Or if you don't
want to do meme coins and you still want to take a risk, you can start learning how to trade,
and you still want to take a risk, you can start learning how to trade, how to read charts,
and maybe do some leverage on something like Bitcoin or a stock option on NVIDIA. And that's
actually how I would start the foundations of investing. So just to go over everything again,
step one, invest in yourself by educating yourself on the market and the economy.
Step two, you want to make a budget that is reasonable when you're not hurting your pockets
trying to invest. Then step three, you want to organize the money that you invest into investments
and to ones that have already proven they work
that guarantee your chances of increasing your money long-term through compounding interest.
Crypto Radio fam or our co-host, did y'all have any particular questions that you would like me
to answer? Yes. Yes. So going back to diversification. So would you mind talking more about DCA? And a lot of people throw that acronym around. It sounds like when you're looking, let's say you have your budgets, you've got your education, you've got your money, you have your investments, your first go to looks like stable coins like Bitcoin. Right. And so when you're DCA into, let's say, stable coins, can you talk more about that term, that terminology and what what you do best when it comes to diversification?
when it comes to diversification? Absolutely. So DCA just stands for dollar cost averaging.
And the strategy is it saves you a lot of time and it allows you to actually have a realistic life.
So if you're working all day and with a little bit of time left, you want to spend it with friends,
family, loved ones, or you're looking for a loved one,
you don't have to spend all day here on crypto Twitter or looking at the charts. So that would
be the ideal strategy for you if you don't want to do that. And all you're doing is, is every month,
no matter what the price of the crypto, the stock or the real estate is, you're still putting in the same amount
because markets always go up and down.
So the theory is,
if you just keep putting in the same amount every month,
you're gonna catch it when the market is down,
you're gonna catch it when the market is up.
And this is going to allow you to average
into a decent price
instead of trying to aim for going for the low price or constantly
flipping your crypto to try to make profits. So you're just committing every month to an amount
and the time that you buy it, no matter what the price is and long-term that's going to benefit you.
Got it. Got it. Speaking about education, I want to go back to
that specifically. Are there any books that you would recommend for people to start reading or
like YouTube channels to go to to learn more? When we speak about education, it's so broad,
you know, let's be a little more specific when it comes to that. What are your personal recommendations with that field?
Awesome. So this is the way that I started. And I think it's a good way to build a template to get your mind thinking about money a little better.
about money a little better. So in terms of books, I would start with Rich Dad, Poor Dad first.
I know there's a lot of mixed reviews of people's opinions of Robert Kiyosaki,
but for those of us who have not learned about finances in our families growing up,
it's a good understanding of the basics of how finances work. And understanding that
makes it easier when you read a lot of these finance self-help books
to think outside the box and understand what they're saying. Because one of the things I've
noticed is a lot of people hate finance self-help books because they don't give you a direct answer.
They hint at things. So you kind of have to understand the structure of how finances work and think
outside the box based on their hints. Because we all know being in the crypto space, unless you're
certified, you can't give financial advice. So people writing these books are people that legally
can't do that either. So you're going to find that with a lot of financial books. So I would start with Rich Dad, Poor Dad to understand the basics of
finances. The second book I would go for right after that is Think and Grow Rich. And with
Think and Grow Rich, you're going to see the idea of a lot of different businesses, like the late
Sam Walton when he was alive, how he grew Walmart. And you'll see how him and his partner
always had contention because his partner was more pessimistic where he was optimistic. And it was a
good balance because sometimes Sam may have dreamed too far and needed his partner to bring him down.
But there were times when his partner was pessimistic and the optimism of Sam Walton and the dream of what he
saw some smaller businesses doing was the good way to go to network with these businesses.
And it's how Walmart was created today. So that would be the second book I would do.
That way you'll understand the finances and you'll understand the mindset of thinking outside the box.
So you may actually want to read those books twice before going to book number three.
Now, book number three is actually trying to help you understand how money works in America.
And that's going to be the creature from Jekyll Island.
It's actually about how the Federal Reserve came to be.
The financial families that run America and highly encourage the Federal Reserve. And it also talks about why money isn't
real, the three core values of money that we actually use as a system to determine whether
money is valuable, which would actually be money has to be something people want.
That's rule number one.
Rule number two is money has to be hard to obtain.
And rule number three is supposed to be that it can't be man-made, which the world governments have screwed because fiat currency breaks that rule.
But those are supposed to be the three rules of money. And when you understand how those come into
play, you see why we used to be on a gold standard. And it also makes sense why Bitcoin out of any
other crypto is working to compete with gold and fiat right now. So those are the three books I
would start with. Now for YouTube, I highly encourage watching Earn Your Leisure for Market
Mondays. And they go over the stock market, a little bit of the crypto market, but mostly stocks.
And they go over good buying entry points, the economy,
why it makes sense. And other days of the week, they go over other finance too. They'll have
guests who are experts of student loans and how to get them waived and stuff like that.
So it's all finance education, everything. Awesome. I love that tech. I want to talk more about the budgeting aspect. And so
let's just say, hypothetically, you know, you've got your rent covered, you've got your food,
you have a little bit of savings, let's say you have a little more savings, that's called your investment money,
right? So when people are starting to invest in crypto or invest in stocks,
what, and I feel like this is going to be different for everyone. So this
question isn't quite fair to ask, but is there an amount that you feel confident that, hey,
this is called an investment, it's making me 2%, 3%, whatever, a little bit each day
that people can, I guess, ballpark? Because we want as much maximum return as we can get.
And we all know the more we invest, the more of a return we can receive.
However, that's not always the case in investments.
In this volatile market, things go up and things go down.
I understand DCAing. I understand it doesn't
really matter what the market is. I'll just put in a little bit every day. That works for some
people. It doesn't work for a lot of people. I guess what I'm trying to ask is, is there a certain
number that you would need to properly invest in, let's just say Bitcoin? Talk to me more about the investment and the
budgeting part for people that are, let's say, a little confused of how much money do I need
to actually invest? This part actually gets tricky and it's because personal finance is personal and everyone's actual financial positions are different.
Like if I gave you a price, there might be some people that's like, okay, I can do it. And then
there's some people that's probably thinking like, you asshole, I can't afford this. So the real
answer is either A, talk to a financial advisor after you come together with a budget, or B, the cheaper option is you can use AI, spread out your whole budget of what you're spending, and let it help you to form a plan of how much you would spend based on your finances. So there's no real ballpark answer, but I would say just to give
people an idea hypothetically, and I'm not going to give a number, but I'm just going to give
scenarios. If you have kids and you're married, you're probably going to have less that you can
put into this. So I would say when you have fun with your family, try to do maybe 5% of whatever you're spending frivolously to put towards your investment account.
Now, if you're a single mother or single father, that's kind of a similar situation, except it's you alone.
situation except it's you alone. So then I would say maybe drop down to like one, two percent
of whatever you spend for fun to going into investments. And if you're single, you're not
dating someone and you're alone, I highly encourage you to be a little less social for a few years, the focus on building your income for the future.
So 5% or higher, if you're alone, should be what you're focusing on. So you could go a week under
two without drinking, or even if you go drinking every weekend, cut down the amount you're drinking
so you can put more in your investment account. Honestly, everyone here spends extra money on stupid stuff we don't need to buy to include myself.
So there's always extra money anywhere if you be honest and do a budget and look at what you're spending.
But you have to be serious about self-reflection.
You can't look at the numbers and then bullshit yourself either.
bullshit yourself either. Because again, personal finance is personal and people get emotional
Because, again, personal finance is personal.
when they see what they're spending on things they like and hearing you got to cut that shit out.
Yeah, no, totally. I get that. Yeah, for sure. It's definitely personal, but I'm like, as long
as you have the bare necessities met, right, you've got food on the table, you've got the rent paid. Like, honestly, what else do you need? You know, you've got a bed to sleep in already. You've
paid for most of everything, your computer, your phone, you know, your phone bill, whatever.
I think 5%, maybe even, well, it depends, you know, on your day job, right? So yeah, I totally,
I get that tech, definitely resonate with that answer.
It definitely helps people understand more about how much they're willing to risk in the space.
And I definitely think, yeah, if you're if you're single, yeah, you're making a little bit more.
You could definitely risk a little bit more for sure.
If you have family, if you have a wife, kids, yeah, definitely
risk less. That makes sense. That makes sense. I want to go back to investments when you were
talking about stable coins, altcoins and meme coins. I'd love to hear more of your thought
when it comes to what if you're staking, let's say, you know, and you're getting a certain APY or APR.
What are your thoughts on staking versus just, you know, trading or just, you know,
letting your assets grow over time with one of these stable coins like Bitcoin?
I'd love to hear a little more about that part when you're trying to look for
investments and you're thinking, OK, this coin's got a staking power. I'm supposed to get like,
I don't know, I'm just thinking of a number, 300% APR, right? And you're like, oh, that's really
good. So if I put a thousand stake this, you know, I'm going to have to wait a year, but I'm
going to get that APR.
So I should be excited and jazzed.
Right.
So I want to hear more about staking and also liquidity pools, because I know LPs are a
great way to move your money into and let it grow over time.
Like, granted, it's not much, but it's something,
you know? And as long as that, um, certain LP is growing the right way, you should be,
you know, making a little bit of money every day with that. So, uh, talk to me more about,
um, that stuff. Okay. So with staking as a rule, I like to treat staking the same way I do dividends on the stock market.
So I want them to be crypto that I believe are going to be around for the long term.
Also, you got to really do your research before you stake into something.
Because very often, high APYs look very attractive, but you need to look into it to see if there's a
catch. So for example, in the stock market, companies that give really high dividends most
of the time aren't really going to grow because when a company makes money, they need to reinvest
that money to try to grow. But if they're giving it away mostly as a high
dividend, which is cash flow to their customers, then how much money do they really have left
to grow? So I think that when it comes to high yields, if it's a company that you see isn't
growing over time, it's probably better to go for a lower yield. And I know that's not something
people really like to hear, but in a lot of cases, crypto is still new, so it's kind of different.
But most of the time, high yields are better for people who are already rich because they're
companies that are going to give cash flow to the people, but because they're giving away so much
cash flow, they're not going to grow
as much. So I would be careful going too high with yields, but do your research and see whether you
feel better with that. But you want to ideally look for a company that is going to give you a
yield and look like it's going to grow. So what I would suggest as a strategy, since those are hard to pick out and crypto's newer,
maybe with staking, you try to find a company you believe in in crypto, you buy the price as
low as you can, and you buy no more. That way, it just keeps staking long over time.
You don't have to worry about over averaging if the price
goes lower or goes too high and you just sit on it. So for example, I like Polkadot.
Polkadot four years ago, I did not buy because I was still learning about it and it was like
$50 to $60 per coin. And I'm like, you guys were born like yesterday. Why am I paying you $50?
Over the last four years, I've learned more about Polkadot. I really believe in the project.
And guess what? It's not $50. It's less than $10 right now. So for a company that's still
speculative, but still have things they're doing and building that I believe in, I'm cool paying $4 a coin, but I'm
not paying $50 a coin. So right now, while it's low, I'll keep buying and staking. But once it
gets up to about $6, $7, I'm not buying anymore. I'm just sitting on staking and waiting. So I think
that's the safer way to do staking and crypto since a lot of this stuff is still new just to be safe.
Definitely. No, that makes sense. It's funny you bring up Polkadot.
I'm actually staked. I have a token that I'm staking on Polkadot right now on the Nova Chain wallet app through Polkadot here.
on the Nova Chain wallet app through Polkadot here.
And yeah, I just put like $100 in,
but the value of this token has already gone down.
The $100 that I put in about a few months ago,
I'm still getting some rewards from it, from the staking.
But yeah, it's just interesting. Even
if you stake doesn't mean the value is going to be increasing over time. It can also lose value.
So I totally understand that. But I'm also curious, talk to us a little more about liquidity pools, because I feel like that's another way that you can make some money
with the money you already have.
And maybe it's not as much money, but, you know,
it's something before the trading, right?
So what's your take on LPs and on chain?
I know each chain has different LPs as well. So I'm not sure how involved you
want to go with this answer, but you can try your best. Okay. So first I want to ask you to define
liquidity pools a little more. Are you talking liquidity pools in terms of how much money is inside the fund of a crypto token? Are you talking liquidity
pools like, hey, I'm staking VeChain. These are how many people in the ecosystem are actually
staking? Yes. Yes. The latter. Okay. So in terms of liquidity pools, all you really have to know in terms of the
staking aspect is it's how many people in the ecosystem for that token believe in the token.
So they're not just staking it for the percentage, but they actually want to see the system grow because when you stake the token,
that allows the ecosystem to do more too. So you want to look for tokens that have large liquidity
because that means a larger amount of the community believe in the token as well. So if
you see something that's low liquidity and staking, I personally wouldn't
take the risk and I would stay away from it. That's the easiest way to explain it from the
staking side. Now, if we look at liquidity pools in terms of trading, I would really just be looking
at how many people are actually trying to do calls on buying it for bullish and calls for bearish
if you're doing options or if you're just trying to buy in for the long term, you want to look at
the supply of the token and how much money is in it. So for example, when we talked about meme coins,
is in it. So for example, when we talked about meme coins, as a rule, personally, I wouldn't go
into anything that has less than a million dollars in it. Now, if you do less, you have a possible
chance of making more, but it's highly risky. Normally, when a meme coin gets to a million
dollars or more, they're a bit more stable and they usually make it to an exchange.
So you're obviously not going to get a hundred X or 10 X off of that, but usually by the time they
get to an exchange, you can hold it and make anywhere from two to five X doing crypto summer.
So understanding the liquidity pool of how many people are investing in a token is for your own safety. Because when it's low and
you jump in, it's usually a higher chance of a rug pull. Right. Yeah. Yeah. That makes sense.
That makes sense for sure. I want to get back to the question of how to balance your money and
crypto. Is there a certain distribution or percentage that you would
put your investments when it comes to stable coins, altcoins, and meme coins? Is there like
a ratio that you go by? Or how do you usually do it with investments?
So it honestly depends on the amount of money that you're trying to invest. I would
suggest that the way I do it is my investment money for crypto and my investment money for
stocks are two different sets of money that I have separated. So I would use AI to calculate
a percentage for my crypto amount that I'm allocating so I can get
the exact money I should be putting in for each month. So for example, if I know I'm only putting
$100 a month in the crypto and I'm going by the rule of with crypto only doing one to 3% of my portfolio, then for me, 2% should at least be in Bitcoin
and the other percentages should be smaller. So I would ask AI to do 2% of my $100. When I get that
number, that's what's going into Bitcoin. Then I would do maybe half a percent or 1% in altcoins, for example. Now,
if I do half percent in altcoins, I now have that half percent to play in meme coins or doing
leverage trading. But ideally, no matter how much money you put in, your higher percentage is always
going to be in Bitcoin on the crypto side. Does that answer your question?
Yeah, that makes sense because that's a stable coin or it's less volatile, right?
Like the rest of your investment portfolio.
So Bitcoin is kind of the OG.
Let's say, take for example, let's say you just put what, like, what is it?
Actually, we can do the calculator here real quick too.
I'm just thinking if you put $10 a day in Bitcoin,
times that every day for a year,
you come up with $3,650 that you put in Bitcoin for the entire year.
for the entire year and you do that every single day,
And you do that every single day.
would your investment go up?
With that amount of Bitcoin, it would definitely go up.
However, I would be careful with that amount because that would be roughly about
close to 300, maybe 310,10 320 a month depending on the month
which months have 30 days and whatnot so ideally for people that have lower income they may want
to do less because if they're starting with 300 a month and they're not making a lot of money
those are the people that's going to panic or worse when the market's down like and they're not making a lot of money. Those are the people that's going to panic or
worse when the market's down like this, they're not panicking because the prices, but maybe things
are so expensive. They just have to take out. So they didn't take out because they were scared
that the price were going out. They took out because they had bills to pay and now they took
down when it's down and they're losing money just to pay bills. So it sounds good to do a high amount of
money, but don't do it because from experience, there's going to be times when you have to pay
bills and you're going to take an L because you got a little greedy. I'm talking from experience
here. Yeah, no, no, I get it. I get it. What about $5 a day? Even less So you can afford it. So what's five times? That's $1,825 for the entire year.
That doesn't break someone's budget. That's like you give up coffee. You give up Starbucks for a
day. You give up Starbucks for the entire year, let's say. Exactly. And I agree with that too.
But again, it's going to be depending on the person and what they're willing to give up.
Because you can get rid of Starbucks. I can get rid of Starbucks. Somebody in here is saying, like, I know it sounds funny, but this is literally how you have to do it.
Like everything has to be slow.
It's like going to the gym.
Do you want to get muscles. Everything has to be slow. It's like going to the gym. Do you want to get
muscles and lose weight faster? Yeah. But trying to lift 300 pounds when you never lift a day in
your life, your first day in the gym, is going to keep you out the gym for the rest of your life.
It's the same thing. You have to build the discipline over time.
Yeah. No, no. I totally get that. It's tough when you can only invest so little
but that little doesn't even
it doesn't feel like you're actually
investing
because it's so small
60 bucks a month
that's not a whole lot
but it could be a whole lot for someone else
right
needing that for their coffee
or whatever amount but But it's like
you have to start small before you go big. However, the bigger you go, the more you could
potentially make. It comes back to that risk and reward, right? Exactly. It definitely does. So
I always look at it as people in three types of camps. If you're really trying to get the money fast and get bigger gains, you're going to look at your budget and be self-accountable to do that.
the money, but you feel like you're not enjoying life by putting too much money in, why not put it
away, not look at the charts and keep living your life. That way, if you're in the camp, like Crypto
Fam said, where you feel like you're not putting in enough, well, if you have enough money to do
all the fun stuff you're doing, you're still putting some in the market and you're not looking
at the charts, you're probably not going to care because you care more about doing the fun stuff,
which you're still doing, and you're not looking at the charts.
So you really have no idea how much you're making.
You're just living life.
It's almost like putting in money for a 401k at your regular job.
You can call your job and see how that's doing
and how much they're taking out of fees and all that stuff.
So you can really track it
But how many people do that with their 401ks?
So you can do the same for your own finances
Yeah, that's true. That's true. Yeah, I contribute to my 401k every month, you know, put 200 bucks and just
I don't even know what I'm putting myself in there. You know, it's so diverse
See and that's something you can do to your 401k. You're paying two fees
See um Blackrock and Vanguard are the two biggest
Hedge funds that do 401ks in America. So when you go through your job and you can call to confirm this and verify
Normally your job is gonna take a small fee because they have a fund manager
who's now sending that money to them. Then when it goes into their ETF or index fund,
you're now paying another fee. So a lot of times you're paying two fees and you would actually
save money if you were to just do it yourself and put it in like an ETF. Then you would only
be paying the one fee to one person because you have a middleman
doing it for you. So you're paying the middleman and the fund it's going to.
Right, right. Yeah, no, that makes perfect sense. Yeah, guys, if you're just joining us,
we're talking about Money Monday. Yeah, make sure you're tweeting the space,
filling this up. A few more people.
I see some new faces down there.
What's going on, guys?
We've got Goddess Madre, and then we also have Wet3Candy.
Thank you so much for coming up to the space.
If anyone wants to grab a mic and talk more about money, finances,
it's definitely the time. We just hit our second hour, guys.
It is noon over here, Central Standard Time in Florida. That's where I'm living. But yeah,
we're going to run this space for another hour. I'd love to hear more audience participation,
what you guys do with your money when it comes to investments. That's the topic for today's
discussion, guys. So welcome, welcome. It's definitely been an interesting discussion so
far, Tech. I've been learning a lot here when it comes to money and investments, different books
I need to put on my to-do to read list. And I know, you know, you know, tech, I know this takes time, you know,
to talk about these things, but to actually implement, to make a plan on how to invest your
money takes work, right? It takes a lot of time. So definitely appreciate you coming up and sharing.
I just want to welcome to the space Web3 Candy. How's it going, Web3 Candy? GM,
GM. Happy Monday. How are you today? Happy Monday. I am doing good. I am just working on,
you know, daytime work stuff. So Web3, but you know, the Excel sheets, the nitty gritty and listen to the space.
And I love. OK, so the DCA, if you haven't started doing that, you're going to hear that word a thousand times in the space the longer you're in here.
And I fell down the rabbit hole February 2022.
And I noticed quickly everybody talking about DCA.
And I was like, you know what?
This is one of those things like your mom, whenever she's like, man, if I had a dollar for every time I heard that.
I'm like, well, I mean, we live paycheck to paycheck.
But I was like, but then again, like I still have $20 chat GBT and the kids still get Robux.
So like, you know, we're paycheck to paycheck.
But then again, like maybe they don't need Robux.
I'll put that in my DCA.
So I actually, I told myself, I'm like, you know what?
It's going to be one of those things that like it compounds, you know, just start doing it.
So every once in a while, like whenever the kids were asking for Robux and daddy was saying yes,
why just put five bucks over and just get, you know, pretend there's my Robux.
Or like if they went to go get something, I'd be like, no, I don't want that.
I'll put my five bucks ten bucks um whatever in
bitcoin solana and ethereum and slowly even though like it seems like it's not uh gonna add up it does
add up and the the best thing is to do it now because even though you've probably heard a thousand
times that there's's the money the number
is going to go up one day it actually will go up and if you haven't touched it then like all of a
sudden i mean i remember what was it just in christmas um okay so i bought bitcoin at 32
well i started dcaing at like $32,000 back in 2022.
And I mean, I only have a couple grand in it now, which is great.
It's a lot more Bitcoin than I had in 2022.
And whenever that number went up and we hit, what, 72, it's 33, math is off.
Anyways, when we hit 100 in my portfolio, it was up 100%.
It was a really fucking good feeling that I put five bucks every once in a while over.
Because it really wasn't that much money.
But when I forgot about it, forgot about it, didn't think about it, just knowing I have
my little bag, then whenever everybody's like, oh yeah, freaking out about it didn't think about it just knowing i have my little bag then whenever everybody's like
oh yeah freaking out about making all this tons of money you look at it and like number does go
up and you're like holy smokes um especially if it's staked and they make it so easy to stake now
like just even within your own wallet um so even even you know if if you have it there for like a year or two i mean bitcoin's going up we all
know that so just be patient and like put a little coffee over put a little you don't need that
choose or you don't need whatever uh your little splurges that you don't need are and it it does
add up um quite a bit and i will say i think I've saved like maybe $3,500 just by adding
like little bits, but that's just regular $3,500 of what I put in. That's not what I'll be taking
that $3,500 to turn into as profit whenever, you know, little ways down the line.
So, yeah, it's definitely worth doing it.
You definitely should do it.
I mean, if you're in the space and you're listening to it,
every time you hear the word, put a dollar or something.
And that's cool about blockchains.
You can do it as little or as much as you want.
You know, micropayments is one of the beauties of blockchain.
I love that Web3 candy. I definitely appreciate that perspective. Yeah, I would absolutely love
for everyone to just DCA everything they have every day. It doesn't really matter what the
market looks like, right? Like you're convicted, just throw it in there. It's going to go up, right? I love
having that mindset. You know, I really do. But you know, it doesn't always go up a lot of the
time. And I would like to throw a caveat in for that. Oh, sure. Go for it. Yeah, I was just
finishing. Sorry about that. So one thing to look at here, and it's like Candy said, you also have to look at time horizons and that's where patients come in. In terms of crypto, unlike the stock market, we run in four year cycles where stock market growth in a lot of cases are usually five to 10 year cycles.
growth in a lot of cases are usually five to 10 year cycles. So Bitcoin is going to have their
halving every four years. That's how it's set up in the algorithm and it's done by a computer.
It's not like a man or woman controlling that. So whenever your dollar cost averaging in the Bitcoin,
your expectation of growth should always be four years from when you started within the halving cycle. Right now, we are within the halving cycle for Bitcoin. And if you remember, it jumped to 100K.
be other jumps and I'm not going to get into that, but it already did a jump because four years ago,
if you remember, it was mainly around the 56,000 to 58,000 range the whole time. So jumping up to
a hundred K is already a big jump. So if you keep buying now and your expectation is to see the
rewards four years from now and not instantly, you'll be fine.
But the problem is people are expecting money outside of the cycle when the money should be
presented to you. And this is important, again, not just for crypto, but for every market you're in,
you should know when the market is supposed to feed you that money. Because if it's not
performing within that time, then yeah, you should get out of it.
But if your expectations are within a time frame that you shouldn't be getting the money, then it's kind of like, duh, you're not supposed to get the money right now.
true um yeah definitely with your time horizons uh yeah like if you if you need cash this weekend
like yeah that's bitcoin's not gonna help you um that's like being going style you're on your own
um that's very high risk but if you want something like for instance i have kids so i thought you
know i actually why didn't i put a hundred dollars for each of them back?
Whatever it was, $32,000.
And then just like treat it like a CD and be like, you can't spend it until you're 18.
A hundred dollars in Bitcoin now when they're 18 years, you know, from when they were born or whatever.
That's going to be a lot of money in the future.
So, you know, you can even treat it like that. And then actually one of my, my mindsets,
whenever I started to put money in and just like watching the little number grow is I know you're
not supposed to keep your money on a exchange. And I agree, but whenever you are paycheck to paycheck, you have a family having that little.
Well, what I said was, you know, I'm going to pretend like it's our emergency fund that we're working on.
Like my husband gets paid. I'm at home. I'm not going to like get 100 bucks out of the thing.
and go put it in the drawer or something like cash.
You'll put it in the drawer or something like cash. So I just figured, you know what?
So I just figured, you know what?
Our emergency fund, we'll just have it on Coinbase.
And that's what I just put a little bit in.
And then also it's Coinbase and it's crypto and it's 24-7.
So the times whenever money was tight
and they need to take out like 100 bucks or something,
it's right there and I can do it.
And also it kept it away from like a regular bank account.
So if you're trying to like save little bouts, it's great because then when you check your
regular bank account, you don't see your little savings account that you got on Coinbase.
But don't keep it on exchange once you get money you care about.
Then definitely self-custody.
Yeah, I definitely agree with that. And one thing I want to point out, because this is something a
lot of people don't talk about in the community. I am pro having a little bit of money everywhere.
So I'm not going to be the person to tell you not to put money on exchanges. But what I will say is I'm
a fan that if you are going to keep money on the exchange, make sure it is an American exchange
that is filed under the SEC. Keyword being filed under the SEC, because that's the only way you
get your FDIC insurance. And I know people complain and be like, well, if you keep it on
the exchange and you lose it, you're just getting fiat money. So you're not getting the value of the crypto.
Well, if you kept it in your wallet and you got robbed and reported, who's giving you your
fucking money back? So I hate when people say that and it pisses me off. So I'm so glad that
Candy brought it up because there is nothing wrong with an exchange that's FDIC insured. The way I look at it is,
would you rather lose your money somewhere where you can report it and get it back,
or lose your money somewhere where when you report it, they laugh at you and say,
tough luck. So definitely have your money in multiple places, have them in a few wallets,
make sure the exchanges, that's again, filed with the
SEC so you can get the FDIC insurance and make sure that you read to see what the FDIC insurance
is for that exchange. So you'll know how much money you're getting back. But also again,
like Candy said, once you get rich, that gets more complicated, but then you'll also have
openings to doors that are for accredited investors that's going to protect you anyway.
And that's a whole nother story.
Yeah, man. That's, yeah, that's insane. FDIC insured. Yeah, it's important.
I know there's a few exchanges out there that are FDIC insured.
Crypto.com is one of them.
I really like Crypto.com.
Not to shout all the exchanges out there.
But they're very safe, I would say, with your money.
And I use them every day.
I actually have the Crypto.com card.
I'm not going to show it or anything, but I do really like that seamless transaction
that you can receive on certain exchanges.
However, there are pretty high fees associated with that.
So you want to keep in mind the fees when you're putting your money into these certain exchanges.
Definitely compare them on contrast them uh
because you never know you know how much you're giving back uh to these uh corporations so now
it's always it's always a good thing tech i appreciate appreciate you saying that uh i see
we got a few more uh new listeners here we got arcadian down here there what's up arcadian
i definitely want to request the mic for you, man. We got
Goddess Marjorie up there. We got Peace 3. We got Lawrence. What's up, Lawrence? Good to have you
guys. If you want to grab a mic and share with us a little more about, let's say, some safe ways
that you use your money and investments, we'd love to hear it. Talking about Money Mondays
in the space. Absolutely love the requests. I am accepting, guys. Make sure we're sharing the space
for Livestream here on X and on Kik. And then we also are running these space on Twitter. So
thank you so much all for being here and supporting CryptoFam Radio. I want to welcome real quick Goddess Madre.
How's it going, GMGM?
Happy Monday.
Happy Monday, Monday.
How's your Monday going?
My Monday's going.
I've never joined your space before, but it's been really nice just listening in and kind
of getting a feeling for what you guys are all talking about.
A lot of the things that have been spoken about since I joined, I was listening anonymously and then I didn't realize I was and I had to leave and come back.
So I'm still new to like how to get into spaces and whatnot.
So but the things that I've heard so far, a lot of those things have been on my mind. I've had a lot of experiences with crypto since like 2019
and kind of buying in early to something that seems sort of like a fantastical kind of fantasy
Harry Potter world, like couldn't really rock whether this was real or not. And, you know,
and then just put some money in somewhere and kind of walked away. And interestingly, one of the things that's been on my mind about what you guys were just
talking about is like, investing money somewhere. And then not knowing, like, who's holding this
money? And what's going to happen to it? And how can I get it back? And I happen to have been living
in Hawaii at the time when I was doing my original entrance to crypto and being in a different part
of the world where banks don't all talk to each other and there's all sorts of regulations. Banking
in Hawaii is just kind of a nightmare, honestly. But because it's a crossover, it's in the middle
of the Pacific. So it touches with Asia and it touches with the United States. And so there's just all this regulation around money in that moment. And I put all of my money into a gate IO account into a wallet. And that is that money became untouchable to me. It took me weeks, literally, of proving my identity and doing all these
biometrics as time changed, you know. And so it wasn't like this fluid place. And I left Hawaii
since then. I don't live there anymore. It became even more difficult to get a hold of the money I'd
put in there. So I recently just unlocked all of my funds from there and,
and have distributed them into several wallets.
But I think one of my main like questions,
and I don't really know where to go for honest,
real information, like solid, you know, this is the truth.
And I've had this scary experience, right,
with seeing how untouchable my money became. I just wonder, like, what is the stability in
any of the wallets that I'm participating in or any of the places where I go? You know, it's,
I want to continue in my journey with cryptocurrency,
for sure, because I am believing in it more. And I want to be on the side that we're on
right now before everything gets untouchable in the way of you can't afford it. But yeah,
I just wonder if anyone in this group has anything to say about that. I actually do.
Yeah, I was going to say.
Go for tech.
not sure if you're going to like this answer,
but being in a
decentralized economy
means that the government
is protecting you less.
So, when you're doing a wallet,
you are the security.
So, your skill in understanding crypto,
understanding what scam links are, understanding that, hey, when I go to the airport with my family or go travel somewhere, not to use their public Wi-Fi because that data can be collected and
make me lose everything, you are the security. So if you don't feel comfortable with your skills
in protecting yourself, you may be better on an exchange until you acquire those skills.
That's what I would suggest. So get your skills and understanding up to ways scams can hit you,
because if you lack that knowledge, you are going to lose your money in those wallets. The wallets don't protect you. You protect you with the wallets. They're not a
shoe. Right, right. I think I like that you said that. That backs how I'm already feeling about
things. That's really good. Thank you for saying that. No problem at all.
no problem at all.
Awesome.
Thank you so much for that answer,
Tech.
Arcadian,
we got him on speaker here.
GMGM,
happy Monday.
Didn't forget about you,
my man.
How are you doing this fine Monday?
Arcadian, are you there?
Testing, testing.
All right, Arcadian.
He left the building for a second.
I know he's going to come right back.
He usually does.
He's probably on another call.
We'll come back to you, Arcadian.
I want to come back to Tech.
If anyone has any questions down there about money, crypto,
the topic for today is how to balance your money in crypto with the Tech 1987.
So I'm curious, Tech, 1987, is that the year you were born
Is that the year you were born or what does 1987 mean in your handle?
or what does 1987 mean in your handle?
I just thought it'd be something cool to put in because the tech has used so many places
that I had to use an arbitrary number.
So I have it somewhere where I'll remember what that number is, but I try to make it
not a habit to use numbers and things I associate with because that's how people find your password.
So I'm trying to make a conscious habit to no longer do that.
Totally. I get you. I get you.
That's I thought it was like something meaningful or something.
I was curious on the backstory of that, but it doesn't sound like that at all.
So all good on that front uh talking about money mondays
uh there's a question i had tech in relation to um all right so you said the last thing you want
if you want to invest if you have a little bit money left over is meme coins. We didn't talk about this much yet. So I want to dive a little bit
deeper into meme coins specifically. Why would you invest in meme coins? And is there a specific
chain you would go to be trading on these meme coins to, you know, make a little bit of money
on that front? I want to hear more about your meme coin experience.
I'll let you take it away here.
Okay.
So first I want to rephrase it.
It is not investing in meme coins.
It is buying a scratch ticket.
You're not investing in a damn thing.
You're buying a scratch ticket.
You're blowing on the dice and you're like, come on, baby.
It's a fun Friday night.
So that's the way everyone should
look at it. Now for me, again, I am very careful with my meme coin. So I've been burned on a few,
but the few I've been burned on were ones that I literally only put $5 in, so I didn't care about.
And the ones that I got good payoffs on were my own strategy. So literally all the meme coins I've lost stuff of were ones that friends told me to jump into.
And those were ones I was skeptical for, but I was like, for the movement, $5.
So don't really care.
But my strategy is, again, if a meme coin is not good enough to make it to an exchange and their liquidity pool is in a million dollars or
more, I won't play. Again, you'll never get an 100X or 1000X playing that way, but a 2 to 5X ain't bad
versus losing all the time. And that's the way I look at it. And that's my strategy.
So last crypto summer, I made a lot of money off of Book of Meme and I made a lot of money off of Pepe. And why?
Because I didn't buy them until they made exchanges. When Book of Meme made Crypto.com
last Crypto Winter, Crypto Winter's prices are always down anyway. So I bought like $50 worth.
And then when it exploded Crypto Summer, I made a $30 profit. I mean, that's not a whole lot of money, but I won. Then with Pepe, I bought $25
worth. And when it jumped up, I made an $80 profit. So again, I didn't get big multipliers
because I didn't take the risk of playing them in Phantom and all these other wallets while they're
doing the pump that fun game. But in my mind, if a meme coin is not good enough to make a legal exchange where i can sue your ass for being flauntional then i'm not playing
gotcha no that makes perfect sense tech uh love that clarity thank you so much for answering that
question we have a new speaker here we got zombie gone tv.sui hopefully i'm saying that right it's a
mouthful what's up how's it going
it's good man how's it going it's going man you got any questions about money or no i was actually
going to share some of the things that i just do um to like oh love it so i play a lot of test nets
honestly i play with like um with walrus protocol i don't know if you guys heard about that but on
suey i was playing with that for a bit did that for a few months i ended up getting a 2200 airdrop for nothing like do it
just by putting my time and effort in so i mean you know that was worth it um i also do the defy
stuff a lot so i do a lot of lending and borrowing off of my own assets so like with sui i do it a
lot and i also do algorand because i'm not on just solana i'm on like everywhere dude you know i benefit from all chains because you know that's the way to be so with like suey i
lend all my suey and then i just borrow off of that so i'm not able to take the full amount but
i borrow off of it and then sometimes i'll loop it so i'll go just swap it i'll usually go with
usdc because i find it's a safest way to
do it because then you know if you take out suey and all of a sudden you have a huge pump
you know you have to pay back that the amount of the pump but with usdc doesn't change too much so
you just you know take it 100 bucks you only gonna pay 100 bucks plus a little bit of interest
but you're also farming for like more airdrops as you're doing it so i mean
it so i mean it's a no-brainer in my opinion that's how i feel about that
it's a no-brainer in my opinion that's how i feel about that
love that yeah i used to play in sui a lot too um yeah i love sui um i haven't checked out the
walrus protocol at all but i'll definitely check that out as well uh yeah good, good advice. Good advice. ZombiegoneTV.sui.
It's always great to explore different chains and see what's out there.
Airdrops, too.
That's an interesting topic.
We haven't talked much about airdrops.
I know you could definitely make some money off of those.
I'm curious, Tech, are you familiar with airdrops?
Do you do them? What's your take
on airdrops? I am familiar with airdrops, but I do not play with them. There's a lot of risk to
them. And to my understanding, there are ways to do airdrops where they can send it directly to
you instead of attaching your wallet. But a lot of people that do airdrops where they can send it directly to you instead of attaching your wallet.
But a lot of people that do airdrops want you to connect the wallet.
And I don't like taking that risk personally.
So I usually stay away from them unless I know it's an airdrop where they're clearly saying,
you know, if you win, they'll send it to your wallet address and you don't have to connect the wallet.
Gotcha. No, that makes that's how the sui play works then because like the sui play is this you know how they got the play solana the solana player whatever the gaming device
so we play is uses uh zk logins and uh it just makes you a wallet but it's a completely different
wallet than your own so you just sign it with your email and then you get the airdrops just sent to it for buying the device like being an early supporter i've
already made back like 30 bucks a vote from the device so i mean you know there's different ways
that i go about it and i use the airdrop i actually use that walrus airdrops i mean it
was still like free in the end it was free 99 the whole way through. That's awesome. Is Sui play out yet or no?
It's still coming soon, right?
No, it's just pre-order.
There's only like,
I think there's less than a thousand devices left.
So, I mean, if you're trying to get one,
you're going to want to hop on that like fast.
And then I think they're starting to ship in summertime.
Right.
I'm looking forward to it.
I'm so, so hyped.
I'm so stoked for that device that device is
going to be the most amazing thing in the world it's basically a steam deck on roids man yes i've
seen it uh it looks great uh the price tag though man what is it 600 bucks something like yeah it's
like 599 yeah it's a little steeper gaming device, in my opinion. But I know everyone's different.
But yeah, it looks cool, man.
Definitely.
If you've got the extra cash, extra funds, go for it.
People have bought like 10.
It's ridiculous.
That's insane, man.
People just got way too much money, in my opinion. Anyway, Arcadian.
We'll go to Arcadian here real quick.
He's got his hand up patiently. I think he back arcadian are you there gmgm friend
hey yeah i i am here i'm back and i'm really sorry i i got a phone call
so very likely when you were looking for me i was probably on there um yep good evening everyone
good afternoon everyone else and good morning everyone
else um from wherever we are um hey crypto fam radio money monday it's good to be here do again
thank you for hosting incredible spaces and doing two three different jobs in your life
and then bringing this giving us your time to do all of this um i was listening to a couple of
people a zombie dude airdrops um as long as you're prepared to put in this whole blanket of time and
put and put out a hundred airdrops yeah you know a couple of them actually do pay out um i'm the
proud owner of a lot of pie and i got it for free 99. Um, but I did have to start farming that stuff since what, five, six years ago.
Um, they can work.
Yeah.
Right.
They can, they can work out.
And then the tech is talking about the, the risk.
Um, no matter if whatever you do with a decentralized wallet that can attach to a D
app, it's major risky man it's huge risk
um if anyone's got tron link wallets you can actually go in there and ask it to show your
other tokens and i guarantee you you're going to have a large number of um funny cool looking
tokens they're in there if you try to sell them they actually activate the smart contract that they're linked to
um so many of them are faucets many of them are drainers um so you can program whatever you want
into a token and those rules or that execution will happen when they interact with your token
it's so in other words you could sell a token that was airdropped and sent to you, and it could sell while you're authorizing the gas fee.
It could move everything else with it, including your USDT and your Bitcoin and your Ethereum and all of that.
So, I mean, the tech is on point.
Like, be careful.
doing an airdrop and it and it requires a a decentralized wallet then make an entire wallet
for it and write write it down in a diary you know your secret phrase write that down in the diary
with the name of the airdrop and you'll always have access to it but it will never touch anything
else that you have right i mean that's uh that's my kind of 50 cents on it. If you're going to do airdrops, rather do it that way. But be serious about it. I think not a lot of people are serious enough about their money in the digital form. Like make an example.
job was an atm engineer right so my qualifications that i studied for for four years
got me that job and taught me how to do that job but when you get your money why are we not
prepared to put in a little bit more time to understand how to handle our money professionally
right so we become so lazy we come to web3 and digital forms of money and we kind of expect it just to make us money and that's why it's so confusing and fearful and etc because we're engaging with it before we understand it
Make no mistake this market has been designed to do one thing
It is to take money from the impatient people and to give
it to the patient and that's what it is right so once you understand that understand also that
every single penny we make in web3 has to come from somebody else that has to pay it or lose it So let's get a little bit smarter about that and um
Also try to figure out how can we
position ourselves
More smartly
Right more smartly. Um
I never get into a shill. I'm working on a project for a really long time
But I guess it's nearly time to say hey
um here's a call to action because what we're building um what we're building i've mentioned
to do here i've mentioned in a number of 70 nft projects and one of our general partners has spent
the last week at the sec mentioning about our project to to the sec what we're going to do
is we're going to create an educational learning system that people they come to the system
for a one-time fee of about 40 dollars and with that 40 dollars we've coded
And with that $40, we've coded a reward system that only expires once it has made 2,456x.
That's what we can do with the blockchain.
We can code this thing to do whatever we want.
to do whatever we want so what we chose to do is to code it to allow somebody to come in with
an amount of money that can fuel an economy but that doesn't break the bank and leaves them in
a position that they don't need to worry about they can just sit and forget sit back use the
facilities don't use them but so that they're there and that they are guaranteed to put people in a better
financial position tomorrow without the fear, right? Without the fear or uncertainty. So we're
trying to solve the problem of confusion. We're trying to deploy safety. And on top of that,
we're trying to network with real people and real projects um because
what we've designed is not actually a front phasing project it's an engine it's kind of
like the ethereum virtual machine but once you touch it once you're engaged with it you become
a miner not based on proof of work not based on proof of work, not based on proof of stake, but actually based on connection.
So if Dew is connected to me and I've come to CryptoFam Radio, it's like he's coded me
to receive from everyone that I've brought over to CryptoFam Radio and to whatever else he is
linked to. So we've actually gone ahead and coded
that took a really long time about four years on the concept three years on planning and uh right
now we're just figuring out the um you know the final partners and gps so um i i strongly encourage
if um i believe the tech is probably going to come and talk to us zombie if you've got anything there the man if any of you have
Projects that need traction that you have educational content for
Then please talk to us. Okay, because as an educational platform you can onboard what you need your audience to know
Over here Right you can onboard what you need your audience to know over here right you can bring what you need
your audience to know to the learning platform and then they can come and learn what you have
to show and they can funnel straight over to your project being a fully informed um customer
before they execute right before they start doing stuff and that can be anything that
could be um you could be a thought leader a coach um a coach in wellness a coach in wealth
um you could be uh an accountant right bringing a tax course and then your customers come over to you if they need your additional help so that's what
we built it's 40 in it's 2556x coded and it's designed so that you don't need to be there
hands-free set and forget um and the only way that you're going to get this information from CryptoFam Radio is if you are signed up to their newsletter.
So if you go, if you head over to CryptoFam Radio, right, they've got a link tree.
If you click on the link tree and the CryptoFam Radio account on X right here, the top, the top, it says subscribe.
It's really hard to miss.
It's free.
Okay.
It's not an airdrop.
You're not going to give anybody wallet addresses,
but please subscribe to that
so that when we've distributed the articles,
CryptoFam Radio is getting it first.
And we will be sponsoring a large number of people in for free.
So that will be over 500.
So over 500 people will be sponsored in for free.
Click on that subscribe over there so that we can get you on board and so you can have the
information in your inbox um apart from that that's all good for me i'm going to jump in the
car grab my kids and get them over to their moms and um yeah that's that's that's all i'm going to
say for now just going to drop the mic i I'm open for questions. Lastly, God above all.
And hey, welcome, Jesus.
Thank you, Arcadian.
Appreciate that.
Yeah, I put on the Jumbotron for you guys as well.
You can check out the newsletter.
Get you guys signed up, ready to rock and roll.
That's the only thing I request over here at CryptoFam Radio.
We don't have a coin. We don't have even an NFT project, but we have a newsletter, right? Everyone has emails
these days. And it's just, you know, you check it every day and it's a great way to still connect
with your favorite accounts, just like CryptoFam Radio.
So I just wanted to welcome Jesus to the speaker panel.
What's up, my friend?
GM, GM, happy Monday.
How's it going?
Happy Monday, man.
It's going really, really good.
I'm just taking it easy, taking it one day at a time.
Just looking at the market, just literally waiting for it to start moving.
Because for whatever reason, I have a feeling that we're right at the calm before the storm.
So I'm excited and I'm happy to be here.
I appreciate you having me.
Yeah, man.
We appreciate having you, Jesus.
It is Money Monday today. We've been talking about all things crypto in relation to your finances, in relation to your investments. Over here, not every space is the same over here at CryptoFam Radio.
This is the same over here at CryptoFam Radio.
We're doing a little bit, we're trying something a little bit different today.
You know, we've never done a space like this.
We were asking the tech questions about finances, about where to put your money best in crypto.
We know it can be really confusing.
And so to have that reassurance, to have someone that doesn't give you financial advice, but just gives you a bit of tips and tricks and ways to push your money a little bit further always helps, fam.
So definitely DYOR.
But I do see Tech with his hand up.
I do see tech with his hand up. What's up tech? So I just wanted to add the third pillar of the
What's up, Tech?
equation of, um, finance and making money for money Monday. And that is actually how to leverage
your time more efficiently. Like if you don't have a lot of money, it's okay. And leveraging time is a great way to earn more money. So a lot of us
leverage time to people we already work for in different companies. But what if you leveraged
some of that time to try to build your own brand, like a YouTube channel or your own X account?
Or what if you use that time to work with communities you believe in within the space?
If you can prove that you provide value to them and you are providing value, not bullshitting them,
legitimately providing value and helping, they'll look to help you in different ways too.
So you can leverage your time working for people who will appreciate your talents more than your nine to five job will.
And that can actually help you while you have financial problems, too.
So you build yourself up within the community, helping them, the communities you believe in.
You find ways to market your brand and you can articulate it either here on X or on YouTube. So for example,
Crypto Radio Fam is really good at doing talk shows. He could actually extend these to where
they're not just in Arena, but by using multi-streaming, possibly even Twitch or Abstract Chain.
And Abstract Chain actually pays their streamers and crypto,
so he could actually make more by doing that.
Also, we already know he's here on X with an X account.
If he signs up for Kaido Yaps and he's writing quality posts
about some of the organizations like Polkadot, for
example, that they work with, you can earn Kaido Yaps tokens too. He's already here talking on X.
So just changing some of the posts already on a platform he was already on to try to make a little
more money doesn't hurt. And just thinking of taking time to research different ways you can
make money within talents you already have can be a great way to grow over time.
It's not going to happen instant, but it's just something to consider working on.
No, that's that's amazing tech. I really appreciate you saying that.
Yeah, I am signed up with Yaps. I need to take another look at that.
With Abstract, you actually have to apply as a streamer.
You have to submit an application.
And truth be told, they did not accept my application.
I may need to apply again.
But yeah, it's something to do with some type of verification.
They need to know that you're excited and jazzed about abstract
as they are and so i'm not sure if i made that cut but yeah and also with twitch um there's been
i'm not sure if you know the news but a lot of streamers um a lot of um i guess influencers
aren't happy with twitch and the payout and and I guess they don't really pay their streamers what they're worth
and their time.
A lot of them actually jumped ship and joined Kik.
Kik is another platform for streamers that want to stream good programming.
So we're actually streaming on Kik right now, believe it or not. So there are, yeah, you can definitely multi-stream or simulcast, whatever you want to say.
And there are ways that you can do that.
However, there gets to a point where you just have so many streams, you need to actually start paying. And so I need to pay for an account so I can
stream on more platforms, basically, when it comes to restream. I'm looking into more research.
I'd love to begin streaming on YouTube and also Facebook, since those are the two largest social media platforms that people go to every single day.
So yeah, it's definitely in the works.
We're grinding, fam.
It just takes time, right?
All good things take time.
And I even know on the arena, they even have a live stream on there now.
You can live stream on the arena. I need to figure out how to copy and paste my keys
over to my OBS or something to that effect where I can be re-streaming. I've seen some gaming,
some game streamers on there. I've also seen a few shows on there as well. And so, yeah,
there's definitely a lot of different ways to get monetized to make
a little bit of money online. Your investments definitely go a long way. But yeah, definitely
appreciate that. And yeah, you know, we're out here. We're trying our best. I want to dedicate
more time to CryptoFam Radio. You all know I'm very passionate about this radio show. I'm passionate
about getting good Web3 communities here to talk about their work, you know, to talk about their
project, what they're building in this space. It's really important. You know, I want, I really want
CryptoFam Radio to be that voice for a lot of the voiceless people out there that aren't able to
share their project in a very true and meaningful way, you know, so we want to definitely fill that bubble.
And then we also, you know, we've got a big love for people that want to run spaces like actual space hosts.
I feel like there's a lot of up and coming spaces, a lot of people that want to host their own space but don't know where to start.
There's a lot of people that want to host their own space but don't know where to start.
I really feel like CryptoFam Radio may be a good fill in for you, I should say.
When you want to be a more confident speaker in this space, you're not sure where to start, and maybe you have a space idea.
I just posted this literally an hour ago, but CryptoFam Radio is in search of space hosts.
So I want to get to this point, fam, where we have a team of space hosts
that have their own flavor, their own flair when it comes to programming.
And you see this weekly live schedule here.
I want it filled.
I want it completely filled every hour, every other hour. We got new programming. And I want to be able to
sponsor these space hosts, like these radio hosts that are working with CryptoFam Radio.
And so, yeah, I've got a lot of things I'm cooking up here. And I'm really excited about it. You
know, like I've got the whole communities tab set up here, CryptoFam Space Academy.
That is where we're going to introduce a lot of the new space hosts, get them working in the space
and getting them excited about their shows. You know, I'm a firm believer in everyone can create
their own show. Everyone, you know, we here at the Green Pill Collective, too, we show up, you know,
we share, we support.
If you have a show, we're going to rock up.
We're going to be in the listeners' lodge or we're going to be speaking.
And we want to be a part of your show.
In the future, we also have some game show ideas.
I'm still getting that all set up. But hopefully by the following next week week i should have some time to actually run that
game show and i know a lot of people are excited about that game show format and uh yeah so stay
tuned for that so yeah we got a lot of things coming up tech but i really appreciate you guys
coming to the space supporting crypto fam radio and uh I do see you, Moon Queen. Appreciate you for listening as well.
I see you in the space.
And I see you, Peace3, as well.
Thanks for joining us.
I see you with your hand up, Tech.
What's up?
So I was just thinking, have you ever considered making like a distribution channel on YouTube?
So you wouldn't have to make too many channels and up the cost. You could do a distribution channel where you make like a
promo video. Your promo video is letting people know that you're doing spaces here on X that are
mainly like crypto related. But on YouTube, you can do them for music, you can do them for
podcasts, you can do them for funny clips, whichever you want it, and you allow people
to submit them to you to be advertised and presented through your platform. It would make
it easier for you since you're trying to find hosts for new shows and stuff right now, especially
while everyone's busy, until you get more of those names to be a distribution channel where people are kind of advertising on
your page as a main hub being crypto radio fam. It would be fitting to be a distribution channel
with that name. That would something I'll look into on YouTube. That definitely sounds up our alley. And yeah, it makes sense. It definitely does make sense. I just have to do the work.
the spaces on x and then everyone from youtube can follow in and join follow the account on
crypto fam radio and then we're able to uh yeah get them joining the shows and building a bigger
space i totally see that i totally see that yeah that's a good point so i will look into the youtube
distribution uh channel and And you know what?
YouTube is actually gaining more traction.
I do have a YouTube account.
I've been submitting those AI videos.
And yeah, I've gotten, you know,
consistency pays off tech, believe it or not. And a lot of those videos,
I have quite a few hundred views on them.
And I think the last few weeks,
I've gained over a thousand, like a thousand hundred views on them. And I think the last few weeks I've gained over a thousand,
like a thousand plus views. And that's just literally me uploading and posting and doing
it all through AI. And I definitely would not have done that otherwise. So it's like I already
have that workflow. Might as well incorporate some crypto fam um spaces promotion you know with
that so yeah it's definitely on my to-do list i i'm only one guy you know i like i wish i could
do all these things at once i'm looking on trying to hire some va right now to kind of help me with
the grunt work when it comes to social media like a social media manager. It's just, you know, that cost money.
You know, it's like, oh, I have enough money.
Now I need more time.
I have enough time.
I need more money.
It's a cycle, man.
It goes back and forth over here at CryptoFam Radio.
But you know what?
We'll get there.
I think just having more people highlighted for CryptoFam Radio,
more hosts, you know, more involvement.
You know, I keep saying it's a volunteer radio station.
I'm the only one volunteering.
So I know Arcadian's got his hand up over here.
Arcadian, he's actually going to be volunteering.
Starting next week, he's decided to run a space under CryptoFam Radio.
I'm excited about that arcadian i see you
with your hand up uh what's on your mind yeah no just letting the room know i've just uh attached
something there to uh to the chat section of the uh of the of the space um yeah so just helping
crypto fam radio out um he's got he's got a great idea on how to monetize CryptoFam Radio.
You can already hear where his heart is on wanting to empower new podcasters
and to have CryptoFam Radio act like a launch pad for people who want to get a taste
of what it's like to be on or host on or whatever that is on a radio on an
actual radio show with the roadmap for growth uh take a look at that i'm busy with that with that
website for uh for for him for crypto fam radio and uh it's really funny you mentioned the
distribution channel and du was saying yeah he was mentioning it only yesterday that uh he would like to to
to be this kind of verified hub of of of other projects and then to have like a stamp of approval
for projects that have kind of been deep dived by by himself and the crypto fam community
and then to kind of give them less like you know a verified
by crypto fam radio badge um so that's also that's also going to be packaged in there um do i've
already got i've already got the the system able to take all of your radio shows and index them
and have them play back straight from the from the web app as well so uh if that's if that's anything to go by so yeah get your projects ready
and get them to to onboard while crypto fam radio cfm is still starting out because this is the
problem isn't it people want to flop to stuff when it's too big but you can't work out you can't go up to
jake again or jake gagan as they call him you can't just walk up and say hey punt me
hey advertise me but you could when you knew him when he was small um i see that i see a lot of
that with crypto fam radio um and with the heart of dupe so i see a lot of potential in crypto fam radio. I'm putting myself on the project behind his and
So yeah, I disagree with you. They do you're the only you're the only one I see the tech is here all the time
I see Jesus is here all the time
Zombies also popping in there are people here all the time and if it wasn't for them
None of this is possible in any case So I reckon it's really wrong for us to say there isn't anyone else.
They're here right now and they're listening to you. And they're here for you, buddy. They're
here for you. They're waiting for you to tell them what to do. Thanks, man. I appreciate that,
Arcadia. And you're right. We will be rolling out the best of CryptoFam Radio stamp of approval.
Just letting people know that these projects that we are interviewing, spotlighting, they're legit.
You're not going to rug.
And they've been vetted through CryptoFam Radio.
I think that's a really smart idea.
It's something we definitely need more in this space. People want to know that the projects they are onboarded to are going to be safe and they're not going to get rugged.
So I totally see that in the works, Arcadian.
Hopefully I'll roll out some type of stamp this week.
But we're going to go over to Jesus here.
He's got his hand up.
What's up, Jesus?
Appreciate it. So I wanted to go over to Jesus here. He's got his hand up. What's up, Jesus? Appreciate it.
So I wanted to add a couple of things.
One, I was looking over the post that Arcadian went ahead and put into the comments, and it looks freaking amazing.
A great way to monetize because it does filter out the ones that are here just with hype and those that actually have some type of infrastructure built around whatever
it is that they are building. Secondly, when you had said that you're the only one that's
volunteering, at least for now, I think as founders, it is our duty to try to volunteer
for as long as we can. Even if we are making some type of income, that income should be reinvested back into the
organization that we're building in order to compound the building attributes that we're
trying to have, right? Because if we start siphoning out that income, because we think
that it's profit, at the end of the day, we're not going to be able to grow as much as we
need to grow in the little bit of time that we have. And it's just going to take either longer
or you're going to end up cannibalizing your own business model, right? So for at least,
I'm only able to speak for myself as well as like, from what I believe yourself as well as Arcadian is like we have to volunteer within our own projects, our own organization, just because we are trying to do it as they say by picking ourselves up by the bootstraps.
At least for me, I don't come from money.
My family doesn't come from money.
for money. I don't have a financial institution backing me. And I chose to do it that way by not
I don't have like a financial institution backing me.
going after VCs because I wanted to keep the vision as pure as possible. Because once you
start getting investors within the role model of your industry, of your business, then you're also
subject to making sure that they get some type of profit. And when that happens, they're able to kind of guide and steer your vision in a way that you may not have wanted it to, right?
So in order to be able to try to keep the vision as pure as possible, founders should.
They don't always do, and sometimes it works out good when they don't.
But for the most part, founders normally up volunteering for us as long as possible
in order to be able to make their vision come to life so I think it's it's part
like as a responsibility and a duty based on what you're trying to build
which is why I also believe that a lot of projects are considered rugs and scams
is because the quote
unquote founders, and I put quotations around them because in order to actually be a founder,
I truly believe that you need to have a vision of where you're trying to guide and lead your
end consumer, or as other people would call them, your customers, your community, whatever
whatever it is that you want to call them, it is what it is.
it is that you want to call them, it is what it is.
They are your customers.
They are your customers.
They are your consumers because they are consuming your product, service,
your art, your whatever it is that you're providing them.
They're consuming it.
They're purchasing it.
So as a founder, you need to have a clear vision of where you want to guide them,
where you want to head to, what your end goal is going to be.
to what your end goal is going to be.
But when I see a lot of project quote unquote founders, they don't.
They don't have an infrastructure.
They don't have a game plan.
They only have an exit strategy, which is mint out and then sell.
So it causes a lot of people to feel as if they got rug pulled or they got scammed because
they didn't receive whatever it is that they were
promised. And it's not because the founders intended it to be that way. It's because they
really didn't have that financial acumen. They didn't really do the research of what it took
to build out the model that they wanted to. It was because they decided that they wanted to
get an income first before building it is whatever it is that they wanted to build.
And in taking that income, in taking that salary,
they ended up cannibalizing their business model
because they didn't, at the end of the day,
have enough to be able to build successfully
whatever it is that they were promising, right?
So as founders, it is our responsibility to sometimes take the short end of the stick and eat it, at least for the first couple of however long it takes until it starts
making profit to the point where you can then start taking out an income, a salary, a dividend.
And again, it's all based on how you built the infrastructure and your organization whether it's a C Corp and S Corp
whether it's an LLC tax that's an S Corp because the S is literally just for tax purposes and that
has its own rules and regulations but when you are building in a specific country you need to abide
by that country's rules and in doing so you have to have some type of governing system because
somebody has
to be held accountable for whatever it is that you promise. So I'll go ahead and end it there.
But again, just the main point was as founders, sometimes we just have to volunteer.
And that's just the name of the game. Yeah, man, for sure. I don't, you know,
man for sure um i don't you know the thing is i don't mind volunteering
but you know what i do mind is i just i just don't want it to be about me you know this isn't
the do show right this isn't just do the do this is crypto fam radio and i just i've got this
overarching or this bigger vision of bringing more streamers more more of a team to crypto fam radio
not just a me but a we and yeah once money plays in the picture sure i wanted to reinvest in crypto
fam radio i wanted to be bigger than it is now that's that's the whole game if we do
get any funds that goes back to the space house right back to the team and then we just keep
building in the space and we and that's how you become sustainable over time you know it's that
cycle and it's something that yeah it, it takes time. It takes patience.
And it takes tenacity, right? But all good things do take time. I'm definitely a patient person.
I know everyone in this space is. And I see you guys. I see you, Tricky Buddha, just popping in
there. What is up, fam? It's good to see you. Rav, I see you as well. It's good to finally see you again.
I haven't seen you since last week. It's been a long time.
It is the top of the second hour, fam.
We are going to be winding down this space.
I really appreciate everyone coming up to support.
If you are a speaker or just a listener, from the bottom of my heart, I really, really do appreciate it.
So we're going to be doing some closing thoughts here.
I know Tech has his hand up, so we will start with him.
And then, yeah, we'll just go from there.
Appreciate you, Tech.
First off, I just wanted to thank everyone for coming and spending time
listening to us today. I know sometimes talking about money can be a dry and depressing topic. So
thank you for coming to listen, learn, and grow. And I would like to issue a small challenge to
everyone. This is something I've been doing recently. Other than reading about finance and economics, making sure you grow and improve
yourself is very important. So I challenge everyone here to ask AI a question at least
once a day, every day. If you can do that consistently for two to three years,
you'll start to see the difference. So I challenge everyone to do that.
So I challenge everyone to do that.
Definitely.
Sounds good.
I definitely talk to my AI literally every single day in some way, shape, or form.
Love that.
ZombieGoneTV.sui.
Anything else you want to end with before we get out of here?
No, not really.
I had a good time listening.
Awesome.
I had a great time too.
Web3 Candy, you got anything before we get out of here?
Nope.
Just have a happy Monday.
Stay safe.
And yeah, take care.
Awesome. Appreciate you coming up and take care. Awesome.
Appreciate you coming up and speaking in this space.
I know it was your first time.
Also, a big shout out to Goddess Madre.
I see you down there.
Thank you again for speaking.
Yeah, bottom of my heart.
Definitely appreciate it.
Arcadian, I see you with your hand up.
Any last words before we get out of here man
arcadian i see you yep yep uh
fine let's remind the uh the women in web3 about your uh about your episodes um in Web 3 They're usually really packed spaces
So Goddess and Web 3 Candy
If you don't mind
Might be looking for your DMs
To see if you would like to say a few words
On Women in Web 3
Happening each Wednesday
I hope the one on this Wednesday is still happening
That would be what's that day after tomorrow
I had to cancel this Wednesday, unfortunately, Arcadian.
I am working literally all day,
so I won't be able to join Web3Women Wednesday,
but maybe one lucky lady will be a host of CryptoFam Radio in the future.
In case Just Do The Do can't make it it it would be great if we had a sub
in on wednesdays i really could have moved the space uh to a different day but you know what
wednesdays are kind of for women i've always reserved that web3 women wednesday space it's
just a shame i couldn't run it this wednesday due to. Damn, this work thing, man. I should just
quit, right? Just do Web3 full time like everybody else here. No, just kidding. But for real, fam,
Arcadian, much love, man. You can take a look at the schedule, fam. This is a weekly live space
schedule. It's up on the Jumbotron. You can see every day we have something a little bit different.
See, on Wednesday, I had to cancel, unfortunately.
It just sucks.
I got to work 14-hour weeks driving a limo.
Pays good, but, you know, it just doesn't work with spaces, unfortunately.
I can't multitask that good.
But anyway, guys, I know I want to respect everyone's time in this space.
Appreciate everyone showing up and sharing for Money Mondays.
This is CryptoFam Radio episode 42.
We'll see you tomorrow, fam, for Collab Tuesday.
Take a look at that on the schedule there with Big Man X.
Don't want to miss that.
I'll be helping him, the speaker co-host for the Green Pill Collective.
So much love, fam.
Appreciate everyone rocking up and supporting CryptoFam Radio.
Enjoy the rest of your Monday.
And hopefully we'll see you tomorrow.
Take care. Just try and let it go.
There goes my angel, all I've come to have was.
Now I'm the devil, everything I try, just let me go, it is impossible.
All this time, I've been just trying to let it go.
There goes my angel. Oh my God. Thank you.
