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Liquidity in Traditional Financial Markets with Drew Howrigan
- 2023/03/08
- 再生時間： 36 分
- ポッドキャスト
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あらすじ・解説
Join Byron Wolfe and Jay Claver as they chat with financial expert, Drew Howrigan, on the podcast Future of Fortunes! As the founder and CEO of a company that uses blockchain to verify transactions, Drew offers insight into why the system is more efficient than traditional financial systems, as well as how to appropriately diversify and manage a portfolio. He discusses how banks typically work when lending money and how it compares to personal financial planning, and touches on the risk/reward relationship when it comes to investing in the crypto space. He believes that in the end, investing in technology is the way to go, concluding that regulation and infrastructure will make crypto safer and more reliable. Come connect with Drew's immense knowledge in Fitness and Finances and listen to the Future of Fortunes podcast.Topics Discussed and Key Points:-Exploring Cryptocurrency as an Asset Class in Financial Planning-Maximizing Efficiency Through Lending Strategies-Risk of Crypto Lending-Managing Bank Assets for Personal Financial Planning.-The Risks of Investing in Cryptocurrency-The Stability of Cryptocurrency Markets-Regulation of Cryptocurrency in the Financial Industry-Investing During Uncertain Times-The Benefits of Blockchain Technology for Financial Transactions-Fitness and Finances: Working Out While Mindfully Managing Your Money with Drew the Financial Planner.Timestamps:[00:03:42] Exploring Cryptocurrency as an Asset Class in Financial Planning[00:07:31] Maximizing Efficiency Through Lending Strategies[00:10:31] Risk of Crypto Lending[00:13:44] Managing Bank Assets for Personal Financial Planning.[00:17:10] The Risks of Investing in Cryptocurrency[00:20:37] The Stability of Cryptocurrency Markets[00:24:09] Regulation of Cryptocurrency in the Financial Industry[00:27:28] Investing During Uncertain Times[00:31:05] The Benefits of Blockchain Technology for Financial Transactions[00:34:22] Fitness and Finances: Working Out While Mindfully Managing Your Money with Drew the Financial Planner.Notable Quotes:"My role where I like to position myself is as a quarterback. So, it's really truly, like, from a beginner, like, just starting out, I encourage a high pile of cash, like, you know, 6 months of income, up to 6 months of income.""But eventually, as we start to pour that money into assets, we want to still maintain a high level of liquidity because it's not only for, as you guys know, emergency purposes, it's for opportunities.""So as a business owner, if we invest all of our money, it's not still available in some way, then we have another business opportunity, whether it be in real estate, or the market drops, whether it be crypto or stocks, or another business acquisition or interest that we it comes up, we need access to money.""We're going away from the staking. There's been some things that have happened in the Supreme Court that have been starting to eliminate all of the staking. I think it'll And Jake may have a different opinion, but I think Staking is probably on its way out. Crypto Lending is going to replace that.""You can't win a game with 1 or 2 players. You need the whole team.""Maybe I didn't finish that thought. When a bank chooses how they lend money, 25 to 35 percent of the assets they hold have to be tier 1 assets, like, very steady, low risk, insurance or real estate based, like they're certain around those assets.""Let's imagine that if you did allocate 5 percent across a couple of different assets that you had done your research on. They were strategic. You knew that they were going to pay out based on, you know, what you had looked at and some other conversations you might have had. Windows do hit and it's 50, a hundred, a thousand x on your money, then 5 percent goes a long way.""What I like about all these lines of credit that you just mentioned is there's no repayment period. There's no standardized payment like you might have with you with your home."""Like reasonable regulation in the crypto industry is going to make crypto a more reasonable bet for people when they're looking at their financial planning, their wealth growth.""Part of the reason, part of the thing that makes crypto attractive, is this decentralization, and it's, you know, it's not affiliated with government regulation and all this. But at some point, if it's going to have mass adoption, we all understand that needs to happen.""It's just going to be interesting to see how that all plays out. And I know Jacob and I Jacob and I have talked off air about that, and he has his theories, which I've, you know, taken a little bit of an ear too. But nonetheless, it should be interesting.""If nothing else catches on, there's so many great projects in this space. But if nothing else catches on, Like, that needs to be the thing for sure because it's it truly makes it instantaneous.""Resources:The Future of Fortunes PodcastConnect with Byron Wolfe WebsiteLinkedInConnect with Jake ClaverWebsite TwitterConnect with ...