Taking the Cryptic out of Crypto

Tune in for the down low on the world of crypto!

I know a lot of you are interested in cryptocurrencies so I’m laying down the basics on all things crypto for you!

Cryptocurrency investing is quite complex, so I quickly touch on the key essentials like Buying, Spending, Storage, & Safety, and how it’s never too late to start investing!

Most exciting of all is info on the epic Investing Bootcamp PRE-SALE is now on until 31st March. You’re not going to want to miss it!!

Happy investing

x Simone

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Hey, you

You're here because you want more out of life. More money, pleasure, flourish, freedom, luxury. We are all about an unwavering Southwest and a net with you. Love to talk about. My name is Simone Mercer-Huggins. I'm your resident unapologetic wealth queen. So far, I've built seven figures from the ground up. And these community is now doing the same. The Ms. Wealthy movement is here to help you be more of the bad-ass queen. You were born to be so tune in for everything, investing money, energetics, millionaire, mindsets, and everything in between. If you want to be a powerful player in the money game, in the right place. Welcome to the Kiss My money podcast!

Investing bootcamp is on pre-sale from today. Make sure you head to www.investingbabe.com and join us in the program because this is the cheapest price you will ever see it again. Now it will be at pre-sale price for just a few days only. And then on April 1st, it jumps up to its new 2021 price. Now, why is this happening? Well, because there is a whole lot more in the program. It's fully fleshed out to be your basically one stop program to get in control of your money and learn to invest for the rest of your life. Now we have office hours twice a week to get support. You have a fully actionable action plan. So it means that you'll be invested in the stock market, have your own portfolio. Within four weeks, we also have monthly money master classes. Every single month, we have Epic wealth goals, tax experts coming in.

We have crypto investing fully fleshed out and how to actually invest in, add it to your whole portfolio that is happening in April. So on top of everything else, of course, how to invest in the stock market, how to create total confidence and in control being in control of your money. And of course, broker run through is how to actually set up your account. It really is a full program to get total control. And what I love most about it is the community because you get support on going. I say all the time investing is not a one-time thing, and that is why the program is designed this way. So make sure you jump into presale and don't miss out. Okay? Now this episode has been recorded as some Q and a responses, some answers to some of your questions around cryptocurrency. It's pretty basic, but it will give you some of the answers that I know a lot of you have.

Now, I always talk about crypto being something that you add to your portfolio, not start with or not even have as your only thing, right? We want to make sure that you're building wealth because crypto is actually an asset that doesn't pay any income, unlike stocks and real estate. So it's a different asset all together, but this is a little short Q and a that I did on Instagram. So you kind of get a little bit of an intro into what to know about it, right? I will be doing, like I said, a full masterclass inside investing bootcamp. It would only be happening in there before you ask you cannot get access to the masterclass as a standalone, because I talk about investing as a whole encompassing thing. It's investing it's money and it's investing in other assets as a whole portfolio. So I just am not going to offer it as a standalone program because I want to make sure that you actually have wealth that is building for the rest of your life.

I want you to become financially secure and independent. And crypto is, it's just an asset that at least for 2021 in the next few years, it's not a stable asset that is going to create a financial security for you, right? So we always talk about different levels of security, independence, freedom, and it is one asset to be part of your portfolio. If you are so inclined, I invest in it. Uh, but it's not something that you only invest in and nothing else. So I want you to have a full portfolio. Okay. So let's dive into it. Now I do kind of reference some visuals in this. So obviously this is the podcast audio version, but basically I'm talking about a hardware wallet in comparison to a digital wallet. When I referenced, you know, things like this, if I'm talking about, you know, something that you kind of actually see, so you'll get some of your answers at least to some of the top line stuff. And if you want to invest in this properly as part of your full portfolio, it makes sure you come and join us inside investing bootcamp.

You guys have a lot of questions on crypto, which is great. You need to understand this thing before you actually invest in it. It's very different to any other asset like the stock exchange. And you kind of just got to understand how you make money in it and how it actually works. I also so many horror stories out there of people having hundreds of thousands to millions of dollars in crypto, they can't access because of things like being hacked, not having their password, not having their recovery code, not having their Passkey so many. So I am going to be doing a full master class on how to invest in cryptocurrency and add it to your portfolio. Uh, inside investing bootcamp. It's one of the master classes this year that they're going in there because we want lots of different assets too. Now, when I did a story last week, I shared how my legend Nana S arrived in the mail. And this is essentially a cryptocurrency hardware wallet to store your cryptocurrency. There are two forms digital. And so what this has to do with crypto is, well, everything. When you buy cryptocurrency, you either store your currency in a hardware wallet, which is something like this or a digital wallet, and that is different to the exchange or broker that you buy. You buy your cryptocurrency from, you do not want to leave your cryptocurrency on an exchange or broker. Please don't do that. Highly, highly, highly, um, exposed and

Very risky. They get. So at hardware,

It will, it means that it is not storage stored digitally anymore. It's off the interwebs and it's on something physical. Obviously then you have to store it somewhere that is safe. If you get robbed or

Broken into, no, you have not.

You have not. I started investing in Bitcoin and a number of different coins about five years ago. Sure. They were cheaper then, but Bitcoin and other currencies are not going away. Or there are 4,000 different cryptocurrencies. So I can't list all of them, but Ethereum is, Bitcoin's kind of like little baby brother. And there are a number of top coins that have stood the test of time. But that doesn't mean they'll always be around. Bitcoin is the main one. They need to repeat that you have not missed the boat on investing. Women say the same thing to me on is it too late to invest in the stock market? And the answer is no, Bitcoin is an cryptocurrency is extremely new, but it's not going anywhere

To coin. And all

Cryptocurrency is very new at all. It only been around for about 10 years compared to the stock market, which has been around for 228 years. Cryptocurrency is a, B, B, and it's not going anywhere. The fact that we have this available to us to invest in build wealth and add our portfolio. Uh, the fact that we're in this era at the beginning stages of it is incredible. It's just that it doesn't look like a, it looks like it's risk so you can spend it. Uh, I remember when I had first bought crypto, uh, like five years ago and I was in Amsterdam about three or four years ago, and you could buy coffee and things then, so you can use it. You can use it as a form of standard money. It is a currency like any other currency. Um, and the more it becomes popular, the more people that use it to invest, the more we will be able to use it as it grows in popularity.

Here's the thing.

Money is only legit because we say it is because we've decided it is it's literally made up money is made up. You have to understand that first, before you understand any asset in existence. So normal fee at currency, normal currency, normal money is, has only really been government backed for the last 50 years because we came off the gold standard then. But again, we only decided is because we all collectively agreed that money has valid Viet currency. The money that you know is government back and people are getting the initiates for the government. So we can burn that system down at any point because the social herd, the tribe can decide that we don't agree anymore. And we can burn that system is why crypto has become such a hugely popular, not only actual currency, but standard in terms of it's decentralized and the government can't control it.

So it's more power to the people. So you buy a cryptocurrency on an exchange, and this is where the language doesn't translate across assets on the stock market. We have an exchange like the ASX, the NYC, Australian stock exchange, New York stock exchange, but you can't buy it from there. The stock market, you can't buy it from the exchange. You have to have a broker, but with a cryptocurrency, the exchange and the broker is the same thing, essentially because it's an all online ledges because no one actually owns the physical. So you use an exchange slash broker to buy cryptocurrency. Um, something like Coinbase, which is a great beginner friendly service or Binance, but it's a little bit more advanced, uh, going by charge higher fees. But it's again, beginning. Good question. So I'm really glad you asked this one. So when you buy from an exchange or broker, you cannot leave your cryptocurrency there.

Don't do that again. You have to have a wallet, either a digital wallet or a hardware wallet to store it. The reason is exchanges and brokers get hacked. And, um, even if you use a digital wallet, those digital wallets can still close down. I've had that happen to me. And so you have to be quite fastidious with getting access. You want to be able to get access to your currency eventually, either you'd want to, um, sell it, or you want to make sure it's safe once it still increases in value. So make sure you store your passwords and recovery codes. Well, they are really a good question. And the answer is sort of, kind of, not really. So there are blockchain ETFs where you are investing in the companies, the blue chip companies that either in the tech around blockchain, but not investing in the cryptocurrency directly itself.

You're investing in the blue chip companies that are in a blockchain essentially that are in technology. And that's a really important thing to know because it changes the access that you're actually investing direct a few reasons. One of them is that it's decentralized. Cryptocurrency is not regulated. Uh, it's also relatively new and let's just say, it's very risky. It's very risky asset and they can't make money off you essentially. Well, firstly, I get you to check your mindset, babe, because you having no money is a BS story and you do because you have an iPhone and you're in Instagram. So you do have money and you can start investing with

Very little. So just like

You can start investing in the stock market with very little and still built a hundreds of thousands of dollars. By the way, if you think that's total, then make sure you check out my investing masterclass. My link is in buyer. It's a free webinar that also you can start investing in cryptocurrency with very, very little from total is, and I know you have $2. So, uh, the one thing to note here is that the fees are pretty expensive at that point. And it's important to actually think about why you're investing in crypto in the first place, same thing with any asset. What do you want to do with it? Why do you want to build wealth? Why do you want it in your portfolio? If you just want to have fun and be curious, then start with two 10, a hundred dollars thing is having solid stable assets.

Things like the stock market that has been around for over 200 years and the economy is built on, uh, investing in cryptocurrency. If it's your only investment and asset is fun game to play in the beginning. If you have no other assets, but eventually you're going to have to round out your entire portfolio into stable assets like stocks. So cryptocurrency is a risky volatile thing right now. It's so young. You make money off. Cryptocurrency is a long-term hold and eventually selling it again. The price prediction is that it will go well over a hundred thousand dollars. Is that true? I don't know. No one holds a crystal ball, but the longterm play, the long-term play is to hold it and sell it eventually or sell off parts of it and wait and see, to see how the world adapts to this new currency. Maybe it will become our new money instead of our current fear currency.

So three things to do right now. One, make sure you subscribe to the kiss, my money podcast, because I'm going to be doing a full podcast episode on cryptocurrency to head to the link in my bio and get access to my free investing masterclass. It's the currently is there's no way that it pays you money except based on it being more valuable in the future. It's a risky asset and you can't hold all of your money in that single risky asset. Okay. And the third thing is to come and join investing bootcamp. So this is where we actually teach you to do everything, get your financial foundations, right? Get your money stuff. So sorted it learn how to manage cashflow because that is the backbone of wealth accumulation and becoming financially secure, becoming financially free. And we teach you to invest in the stock market.

And this year we are also adding masterclasses to it. So we're adding tax guests experts because the more you save on taxes, the more you can put in your back pocket or back into investments, uh, we're having cryptocurrency investing masterclasses. So you can add that to your portfolio plus, um, a whole lot more. There's so much coming up this year. The link is in bio to come and join. When you had to link and buy it and check out investing bootcamp, you will see what is included because there is so much more than I'm telling you. There's also a lot of testimonials that you actually see from real women. What they're creating, what they're doing, what kind of wealth building and you'll have payment options there. And if not send me a DM actually asked me, I want to have a conversation with you. I want to make sure it's right for you. And we can chat about what you're worried about, what you're fearful of, because trust me, I've had the fall, you're in the right place. It's perfect. It's the right time.

If you're not part of the Ms wealthy movement yet, make sure you head over to Instagram and hang out with me. There I am at Ms. Wealthy official. And if you need anything else had to miss wealthy.com, you can get all the info that you need. Find us on Facebook as well. And I'd also love if you can drop a review on iTunes, it supports us massively and it means the freaking world.