Back to episode — Episode 1324 Scott Adams - Voter ID Law Arguments Dissected, Biden Press Conference Review in Advance
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e way I organize them is you do them in order. So you wouldn't have to work on all nine. You work on the top one. The top one says pay off your credit card. What else do you need to know? That's it. Pay off your credit card. Don't buy stocks until you pay off your credit card. Don't do anything financially until you pay off your credit card. And it's really easy because that's your highest interes…
← Previous segment →to open a Charles Schwab account and you know that you want to pay off your debts that are higher interest rates first you're almost completely done. You're almost done. I mean that's that got you to 90% of everything you need to know and it took me three sentences.
Sunk costs is a good thing to know about. Yeah there are a lot of psychological obstacles to being a good investor that you should learn about as well but if you get an index fund you don't have to worry about that either.
Do I own guns? There's a question I would never answer. Would you answer that question if somebody asks you in public if you own guns? Would you answer that question? You shouldn't. Never answer that question. That would be the worst question you could ever answer. Here's my answer. I'm very pro-Second Amendment so if you want to mess with my house that's all you know. All right the rest you're gonna have to guess. I'm pro-Second Amendment and if you're in my house and you mean no good I could kill you in a heartbeat. I mean just I'm just telling you my mindset. If you came in my house to do harm to me in any sense I could kill you in a heartbeat. I wouldn't hesitate for a second. And I'm pro-Second Amendment. So do you want to know if I own a gun? You don't get that information. So with your hands I could easily kill somebody with my bare hands if I had to right? If I didn't have a gun of course not.
Let's talk about NFTs. I'm seeing a lot of questions there. So you all know what NFTs are. It's a digital art that because it's attached to the blockchain you can show that you have an original or one of the originals. So that creates value and allows people to trade them and it's like any other art that can go up in value. But the Dilbert NFT is it's already created but it hasn't been published yet for you to buy. We're working on some technical stuff behind the scenes because it turns out when you actually get ready to publish your NFT there are a whole bunch of technical decisions and technical things you need to set up. One of them is to allow you to buy it with US dollars as opposed to having to have let's say a bit
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coin to even buy the NFT. So part of the reason it's taken me a few weeks is we just got things set up so that you'll be able to buy it with just regular money and you don't have to have a crypto to do it. Do I own a gun safe? I'm not going to tell you if I own a gun safe if I'm not going to tell you if I own guns. Do I own swords? All right that's all for now and I will talk to you later.
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