EP195 Milli Moves 5 Lessons Learned from My First NFT Purchase
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:
- Take care of and maintain accurate records.
- Understand limitations around money movements.
- Understand the transaction costs.
- Do your due diligence and understand risks.
- Stick to your goals.
Resources Mentioned:
- Wealth Professional Awards
- Young Money Scholarship
- Vee Friends
- EP038 Investor Spotlight Part 1
- EP039 Bitcoin and Other Cryptocurrencies Demystified with Alan Wunsche
- EP040 Investor Spotlight Part 2
- EP047 Adventures with Crypto – 5 Lessons Learned with Digital Wallets and Buy Transactions
- EP179 Milli Moves: Bitcoin – Investing or Gambling?
- EP181 Milli Moves: How to Avoid FOMO When Investing
- EP189 Milli Moves: Non-Fungible Tokens (NFTs) Explained
Join us for the Financial Foundation to Entrepreneurial Peace Training
Learn the Keys to Financial Basics & Money Mastery
Starting June 14. Register below!
With Money Coach Tracey Bissett
This LIVE 5 Day training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success.
If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training.
Register Now: bizpeace.com
In this LIVE 5 Day Training You Will Learn:
Day 1: Cash Flow 101 & why it is important to know your #s (Key #1)
Monday, June 14 at 11am EST
Day 2: Cash Flow forecasting 101 (Key #2)
Tuesday, June 15 at 11am EST
Day 3: Pricing 101 (Key #3)
Wednesday, June 16 at 11am EST
Day 4: Stakeholder Conversations (Key #4)
Thursday, June 17 at 11am EST
Day 5: Putting into Practice your Full Set of Keys
Friday, June 18 at 11am EST
Register Now: bizpeace.com
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!
Follow 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.
Leave a Reply