Sep 4, 2018
Education is critical for ensuring your financial fitness and creating a future of financial freedom. Beyond seeking advice and listening to other people’s stories on the strategies they use to make investment decisions, one of the best strategies to understand new concepts and ideas is to experiment and try new things yourself.
On today’s episode, I share how my discussion with Alan Wunsche on Bitcoin and other cryptocurrencies inspired me to learn more about digital wallets and how to use them to complete various transactions. I share the research I have conducted on the different types of digital wallets, the level of security you can expect from each type, and the lessons I have learned about cryptocurrencies and digital transactions after setting up my first digital wallet. I also explain why many financial institutions prohibit using your debit or credit card to acquire cryptocurrency and how to choose the best digital wallet to meet your personal financial needs.
“Since early 2018 Canadian banks have made changes, that vary by institution, about how clients can use credit or debit cards as it pertains to cryptocurrencies.” - Tracey Bissett
This Week on Young Money:
Top 5 Lessons on Digital Wallets & Cryptocurrencies:
Rate, Share & Inspire Other Young Millionaires-in-the-Making
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