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Live 4 Financial Freedom

62 EpisodesProduced by Bruce MillsWebsite

Become a Paid Subscriber: https://anchor.fm/live4/subscribeThis is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to plan… read more

19:02

Government Concerns over Bitcoins and other Digital Currencies

Governments and people alike are nervous I would be because anything thing that is unknown or not normal can make people nervous. Our protective walls go up and say stuff like “That won’t Work” or “That is a Scam”. Some of my friends think I am crazy and that I should run away from Digital Currency.

Think back in 1983 when people heard that someday every body would have a computer in their house. LOL I thought they were crazy. I missed out on investing early on into the future of Computers and Software. So, part of me don’t want to miss out on this possible wave.

Now that Tesla and other businesses have invested in Digital Currencies that it may get more and more part of our normal way of life. Who knows maybe someday there will only be Digital Currency? Who would have ever thought we would carry around a phone and have more power than a personal computer did back in 1983?

We are in our early Retirement years we may not see the full roll out of Digital Currency in our lifetime. But it has been amazing the massive growth it has had. But of course, it has had some massive Dips in value also just like Stocks or Real Estate can have.

Digital Currency Investing may not be for someone who is totally into Stocks or Real Estate. But think if you owned Real Estate rental properties or sold properties and you were able to be one of the few that currently would accept Digital Currency as payment. Wouldn’t that set you apart from others? I think it would. After I said that I am thinking I may be onto another business venture myself with this idea.

Mark Cuban, I heard owns Digital Currency and someone said that he thought of it as the future and if he would start a new business it would have Digital Currency around it or in it. If you go use my favorite tool called Google you will see some of the Digital Currency, he is invested in.

Governments around the world are probably all scrambling trying to figure out how to handle this new Digital Currency world that is becoming more of a household name.

I know for myself I have now had two tax returns that I had to show my Digital Currency transactions and net gain or net loss. In the United States the IRS have it figured out it seems.

Taxes can be a little more confusing with government requirements. My Accountant said I needed to get all of my info together for Digital Currency and put it on the IRS forms. I found Koinly.io and it made it easy for me. It did cost me $100 but well worth it. Check them out and save $20 discount. Just click here at https://koinly.io?via=0ACA8E2D

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

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Millsway.com and Live4.Club

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