It will soon be time to get ready for cocktail parties again, or maybe you will find yourself chatting with other parents at a little league game. Next time the topic turns to finance, I want to make sure you are armed with some talking points around this subject.
QUICK TIP- When you are at the party, remember these are just talking points, and you are not an expert. Be sure to acknowledge that when throwing out any of the information below. It can be dangerous to throw out a high-level talking point and then be stumped by a follow-up question.
This week, I’m sharing some tips for talking about Bitcoin and inflation:
For the Truly Savvy – While the information above may help you keep up in conversation with a colleague or another parent, the real key to being financially smart has nothing to do with the information above. While the concepts below sound boring, this is what the people who are truly savvy about money will appreciate:
While you may not want to be boring at a party, in real money management, a boring strategy can be cooler than you think.