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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP195 Milli Moves 5 Lessons Learned from My First NFT Purchase

EP195 Milli Moves 5 Lessons Learned from My First NFT Purchase

May 25, 2021

I’ve mentioned previously that no matter what news or social media you consume, you have probably heard people talking about NFTs (Non-Fungible Tokens). So, today I want to share more takeaways from my NFT purchase and the learnings from it. In this episode, I will be explaining which fees you should be wary of and the top five lessons I learned.

Listen in as I explain my findings from a buyers side and the importance of doing your own due diligence to ensure you are fully aware of what you are purchasing. You will learn about some of the reported best marketplaces and the different specialties that each of them offer.

“Be thorough in your due diligence, maintain a healthy skepticism and understand risks and downsides involved.” - Tracey Bissett

This Week on Young Money:

  • Why you should always keep an eye out for hidden fees.
  • The importance of doing your due diligence when purchasing things online.
  • What to be wary of when purchasing NFTs.
  • The importance of taking care of all of your records.
  • The benefit of maintaining a healthy skepticism.
  • Why you should always keep your goals top of mind.

Key takeaways:

  1. Take care of and maintain accurate records.
  2. Understand limitations around money movements.
  3. Understand the transaction costs.
  4. Do your due diligence and understand risks.
  5. Stick to your goals.

Resources Mentioned:

 

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