On episode 4 of DTS, we share our of investing experience with the goal of encouraging and teaching listeners how to begin investing to build wealth. This episode is rich with information, personal experience, and explanations for common investment vocabulary as well as incite on cryptocurrency. This information is intended for informational purposes only and is not financial advice. Please let us know if this information was helpful in the comment section. See the time stamps and take aways below. Let's continue the journey of building wealth together. Enjoy! 

 

Time Stamps: 

•Disclaimer (00:00 - 01:14 )
•Intro (01:14 - 03:03 )
•What is investing - (03:03 - 03:54 )
•How did we get introduced to investing - (03:54 - 08:29 ) 
•What platforms do we use - (08:29 - 10:09 )
•What is a decentralized market and crypto currency - (10:09 - 12:34 )
•What is Blockchain technology - (12:34 - 14:35 )
•What does it mean to purchase crypto and how is it similar to purchasing stocks - (14:35 - 15:15 )
•How to choose what to invest in and how to find these good companies - (15:15 - 18:40 )
•When we felt comfortable investing larger amounts of money - (18:40 - 21:05 ) 
•What platforms do we use to invest - (21:05 - 22:47 )
•What are some risks taken when investing - (22:47 - 25:22 )
•Investing progression - Becoming a savvy investors and how your network increases your net worth - (25:22 - 30:49 )
•You don’t have to have a lot of money to invest - (30:49 - 31:26 )
•What is a high interest savings account - (31:26 -31:40 )
•How investing compounds into passive income and how long does it take - (31:40 - 32:42 )
•Our Best investments, where we see potential, how to gain trust in a company - (32:42 - 34:05 )
•Why is cryptocurrency/blockchain is important for the future - (34:05 - 36:07 )
•Best investment advice / wins - (36:07 - 39:09 )
•Why educating yourself on the companies are crucial for good investments - (39:09 - 39:39 )
•Seeing gains from the long game, cataloging the information you learn along the way, overall investing tips. - (39:39 - 42:33 )
•Don’t get caught up in the daily swings. Think the long game, consistency and diversity. - (42:33 - 44:33 )
•Advice we would you give our  younger self about investing - (44:33 - 46:33 )
•Outro - (46:33 - End)
 
Take Aways:
 

•Starting small will build your confidence to passively build wealth from your investments.
•Make sure your savings account (emergency fund) is fortified FIRST. 
•Time in the market beats timing the market. Consistency (systems, like dollar cost averaging) has great longevity. 
•Your dollars are soldiers, put them in position to make more soldiers for you. 
•Growing your knowledge-base is key to feeling comfortable investing more. Supplement your content intake with business information, press releases, quarterly earnings, and financial articles etc. Invest where you see value.
•Diversification will bake safety into your portfolio. 
•There are many trading platforms (brokerages), some charge a fee, and some are more detailed than others. Use google to find the best platform for your needs. (ex. Robinhood, Coinbase, Webull, E-trade, Fidelity, Charles Schwab, Uniswap (decentralized exchanges), etc.) 
•Surround yourself with smart or experienced investors, their information will help expand your portfolio and push you into more research. 
•Decentralized Market:  Type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
•Investing in companies with a solid foundation, strong ethics/vision/finances and that you can understand goes a long way for a successful investor. 
•Think long term. Think long term. Small wins add up to a big win. Compound interest is undefeated. 
•Carefully manage your FOMO, Fear of Missing Out. There is ALWAYS another opportunity. You are exactly where you should be.
•There is always risk, use your research to mitigate the present risk, and take a chance. 
•Your portfolio is relative and proportional, be careful comparing your portfolio to your peers and the internet. Work within your finances and stay focused on your goals.

(Disclaimer: This content is intended to be used for informational purposes only. This is not financial advice.)