EP179 Milli Moves: Bitcoin – Investing or Gambling?

Are you betting on Bitcoin? Things are uncertain right now, and 2021 will stay this way for a while, but it’s still imperative that we focus on our financial health. In this episode, I’m discussing whether Bitcoin is an investment you may want to consider—or whether it’s a gamble you’ll want to avoid.

Listen in as I share the basics of investing, speculating, and gambling, and where Bitcoin fits into this equation. I’ll also be sharing the three factors that determine whether you’re investing or speculating, and the three questions you should be asking yourself before making any kind of investment.

“Risk and return go hand in hand in investing.” – Tracey Bissett

This Week on Young Money:

• The basics of investing.
• What the riskiest investments typically are.
• The difference between investing, speculating, and gambling.
• What Bitcoin is.
• Three factors that determine investing vs. speculating.
• The three questions to ask yourself before making any kind of investment.

Key takeaways:

1. Focus on your goals. 
2. Risk and return go hand in hand – don’t bet more than you’re willing to lose.
3. Make use of a professional, like a financial planner, to help guide you in the investing process.

Young Money Listener Contest!

February is a month-long celebration of love. So, if you love the Young Money podcast, show us by leaving a review on apple podcasts. Share your review with us on social media and tag us or send a pic through in the DMs.

For every review left for the Young Money podcast, you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so review away!

Contest closes February 28th!

Not sure how to leave a review, check out the instructions here.

Socials: Instagram (@bissetfinfit), Twitter (@bissetfinfit), Facebook (@bissetfinfit) or Linked In (Tracey Bissett)

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast – the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Check out this episode!