EP108 – Our take on GameStop stock frenzy; Bitcoin mining as a side hustle; Credit card for airline points a good idea?; Acceptable rate for financial advisors

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We discuss the latest frenzy over the Gamestop, AMC and Dogecoin by Wall Street Bets on Reddit. Is this something you should get into? What did we do during this and what will we do moving forward.

Listener questions:

I know we are supposed to get rid of credit card debt but we have one card that normal expenses are on such as utilities, gas groceries and car insurance.  We pay if off at the end of every month but keep it for the airline miles.  Thoughts on getting rid of the card since we manage it?

Is crypto currently good for reserve currency for emergencies? I did BS 1  working on BS2 and think of the mining of crypto as a possible passive income. I do not want to trade because I feel like it’s a gamble.

What is the difference between IRA & Roth IRA? Is it better to start an IRA then go to Roth IRA?

Do you have a more economical suggestions besides audible to listen to books? 

What’s an acceptable rate for a financial advisor?

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