# Financial Quarterback: In this new administration he has tips to maximize your Retirement Income -- Bitcoin and Cryptocurrency.

An episode of [Money Making Conversations Master Class](https://invisiblenetwork.ai/podcast/1264705641), 30 May 2025, 28 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/b1db7263-d1a3-4d00-8976-af62012aab44/a114a6a3-5b25-4e7c-b5d3-b22f001fdae5/audio.mp3?utm_source=Podcast&in_playlist=35a10561-3e1b-4d05-a529-af62012aab6a

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski. He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Company Description * Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. Maximizing Retirement Income: How to spend confidently in retirement without outliving your savings. Bitcoin and Cryptocurrency: Insights into Bitcoin as a potential hedge against inflation and its role in modern portfolios. Economy Forecasting: Navigating market volatility, inflation, and interest rates in today's economy. Tax-Efficient Planning: Strategies to reduce taxes on retirement savings and boost income. Investment Diversification: Using a balanced approach with traditional and alternative investments like annuities and whole life insurance. #STRAW #BEST #SHMS Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcast See omnystudio.com/listener for privacy information.

## Transcript

[0:05] Speaker 1: Welcome to the show. I'm Rashaan McDonald, the host of
[0:08] Speaker 1: Money Making Conversations Masterclass, where we encourage.
[0:11] Speaker 2: People to stop reading other people's success stories and.
[0:14] Speaker 1: Start planning their own. Listen up as I interview entrepreneurs.
[0:18] Speaker 2: From around the country, talk to celebrities and ask them
[0:21] Speaker 2: how they are running their companies, and speak with dog
[0:24] Speaker 2: profits who are making a difference in their local communities. Now,
[0:28] Speaker 2: sit back and listen as we unlock the secrets to
[0:30] Speaker 2: their success on Money Making Conversations Masterclass. Hi, I'm Rashan
[0:37] Speaker 2: McDonald host the weekly Money Making Conversation Masterclass show. The
[0:40] Speaker 2: interviews and information that these shows provide are for everyone.
[0:44] Speaker 2: I always tell people it's time to start reading other
[0:47] Speaker 2: people's success stories and start.
[0:48] Speaker 1: Living your own. I'm here to help you reach your
[0:51] Speaker 1: American dream Now. If you want to be a guest
[0:53] Speaker 1: on my show, Money Making Conversations Masterclass, visit Moneymakingconversations dot
[0:58] Speaker 1: com and click to be a guest button. My next
[1:00] Speaker 1: guest is a prominent financial advisor recognized by Forbes as
[1:03] Speaker 1: one of the America's top financial security professionals for three
[1:07] Speaker 1: consecutive years. He's a friend of mine. You know why
[1:10] Speaker 1: he's a friend because he's back on my show. He's
[1:12] Speaker 1: called the Financial Quarterback. Please work with the Money Making
[1:14] Speaker 1: Conversations Master Class, Josh Jalinski, Josh, how you doing, my friend?
[1:18] Speaker 3: Great, Rashwan, thanks for having me again.
[1:21] Speaker 1: Let's get out the way. Financial Quarterback. Why is that
[1:24] Speaker 1: the name of your.
[1:24] Speaker 3: Show, Well, it's the name of my radio show. We
[1:28] Speaker 3: started a radio show in oh eight after a lot
[1:31] Speaker 3: of people were losing forty percent of their money and
[1:35] Speaker 3: they're four to one k due to the crisis, the
[1:38] Speaker 3: financial crisis, and I came up with the with the
[1:41] Speaker 3: Moniker trademark. Actually in college, right, I always was into finance.
[1:47] Speaker 3: It was kind of like Alex P. Keaton, Michael J. Fox,
[1:51] Speaker 3: his character on Family Ties, that was very much into money.
[1:56] Speaker 3: I would look at stocks. I got my first stock
[1:59] Speaker 3: when I was ten. It was one share. It wasn't
[2:02] Speaker 3: you know, one share of the bank my father worked for.
[2:05] Speaker 3: So I would look every day and open up the newspaper.
[2:08] Speaker 3: And the stock didn't do much. It stayed at ten
[2:11] Speaker 3: bucks forever ten bucks a share. But that gave me
[2:15] Speaker 3: a passion for finance. And then when I was in college,
[2:18] Speaker 3: I said, you know what, when I start my own company.
[2:21] Speaker 3: I'm going to be the financial quarterback because I love
[2:25] Speaker 3: the idea. So many people want a stockbroker, or they
[2:29] Speaker 3: go to an insurance person for their advice, but they
[2:32] Speaker 3: don't have one person. You're the owner of your financial team.
[2:37] Speaker 3: Nobody else owns your team, but that one player that
[2:41] Speaker 3: makes sure that all of the other players on your
[2:45] Speaker 3: offense are working for you.
[2:46] Speaker 4: You have a CPA, you have.
[2:48] Speaker 3: An insurance broker, you have a real estate broker, you
[2:51] Speaker 3: have a banker, you have a stockbroker, or you maybe
[2:54] Speaker 3: don't have these things. But what I find is all
[2:57] Speaker 3: of these people work for themselves. They don't necessarily work
[3:02] Speaker 3: for you, the owner of the team. So I created
[3:05] Speaker 3: that Financial Quarterback trademark with the idea of having one
[3:10] Speaker 3: point of contact, almost like a personal CFO, a macro
[3:14] Speaker 3: money manager, where you could see all.
[3:17] Speaker 4: Of your strategies do they work together?
[3:19] Speaker 3: Because many times people listen to financial shows and they
[3:22] Speaker 3: get ten different opinions from ten different people, and I
[3:26] Speaker 3: wanted to solve that with the Financial Quarterback. Well, Manna,
[3:29] Speaker 3: thank you.
[3:29] Speaker 1: I think that's important that people hear your point of
[3:32] Speaker 1: view as we go through the show and understand where
[3:34] Speaker 1: did that come from the roots of it, and it
[3:37] Speaker 1: gives an authenticity. And I appreciate you telling us that.
[3:40] Speaker 1: You know, we just wrapped up an election, and during
[3:43] Speaker 1: the election you always find out where people feel the
[3:46] Speaker 1: voters are at because they always talk about the voters.
[3:48] Speaker 1: They always talk about we're going to tax the rich,
[3:50] Speaker 1: the super rich, and then they always bring up the
[3:52] Speaker 1: middle class, the middle class. And for those of you
[3:55] Speaker 1: who don't know what the middle class, I looked it
[3:56] Speaker 1: up the Sisters data saying middle class. That means if
[3:59] Speaker 1: you earn me between fifty thousand and one hundred and
[4:01] Speaker 1: fifty thousand dollars a year, you are considered middle class.
[4:05] Speaker 1: It's pretty that's a straightforward answer. Now, with Trump being
[4:08] Speaker 1: elected and our new president, from your perspective the Financial quarterback,
[4:14] Speaker 1: what can we expect or give us a sense of
[4:18] Speaker 1: middle class opportunities he may present for people in the
[4:21] Speaker 1: middle class range, because that's what everybody wanted from a
[4:24] Speaker 1: voting perspective.
[4:26] Speaker 3: I think I'm most excited since it's in the news
[4:30] Speaker 3: this week about this doge A lot of people think
[4:34] Speaker 3: it's a joke, the Department of Government Efficiency, that doge coin,
[4:39] Speaker 3: that Elon Musk, you know, It's like with the cute
[4:42] Speaker 3: little dog. But if they can cut two trillion of waste, fraud,
[4:49] Speaker 3: and abuse, I'd be so excited for that. I think
[4:52] Speaker 3: that would be the best thing the Manhattan Project. That's
[4:54] Speaker 3: what they're saying they're going to do. You know, I'll
[4:57] Speaker 3: hold my breath. I won't hold my breath, but I'm
[5:01] Speaker 3: very excited about that because if they get that done,
[5:05] Speaker 3: what that can do for us is kind of get
[5:07] Speaker 3: inflation cooled, maybe get people believing that America is going
[5:11] Speaker 3: to get their debt under control. Right. But so there's
[5:15] Speaker 3: the doge thing, That's what I'm most excited about. But
[5:19] Speaker 3: then there's what I call the middle class gimmes. Everybody
[5:22] Speaker 3: wants a piece of the pie. Everybody wants free. Kamalo
[5:26] Speaker 3: talked about the fifty K small business benefit. Right, Trump
[5:32] Speaker 3: talks about no tax on tips. Everybody has their own
[5:35] Speaker 3: little one thing is hook to get them.
[5:38] Speaker 4: Who's gonna pay for these things?
[5:40] Speaker 3: Right? You know, I don't care left, right, Democrat, Republican.
[5:46] Speaker 3: We are all paying for these promises. Friends, any government program,
[5:53] Speaker 3: we pay for it indirectly with inflation. Because when the
[5:58] Speaker 3: government pays for two much of things, everybody wants their
[6:01] Speaker 3: own little pet gimmes. People want prescription drugs, people want medicare,
[6:06] Speaker 3: people want, you know, all these programs that people benefit
[6:09] Speaker 3: from and some people don't benefit from. But it's all
[6:14] Speaker 3: going to come out of our pocket indirectly in the
[6:16] Speaker 3: form of either higher taxes or our dollars are going
[6:19] Speaker 3: to be worth less. So I want to see these things.
[6:22] Speaker 3: If he gives a middle class tax cut, which he
[6:25] Speaker 3: probably will, he'll probably maintain the Trump tax cuts, like
[6:29] Speaker 3: what has he said he's going to do. He's going
[6:31] Speaker 3: to extend the Trump tax cuts. He said, also the
[6:35] Speaker 3: salt deduction. If you're in a blue state like I
[6:38] Speaker 3: live in New Jersey, get well, Georgia, you're a little
[6:43] Speaker 3: bit better because it's predominantly red states. You're not hammered
[6:46] Speaker 3: as much as we are on property taxes and state
[6:50] Speaker 3: income taxes. But there might be a salt work around
[6:53] Speaker 3: in Georgia.
[6:54] Speaker 4: I gotta check on that.
[6:55] Speaker 3: But the salt workarounds were passed by blue states in
[6:59] Speaker 3: light of the first Trump tax cut to allow you
[7:03] Speaker 3: a little bit of a benefit for the high property
[7:06] Speaker 3: taxes you pay or high stating gum tax. But Trump
[7:09] Speaker 3: has said he will remove this is a big one.
[7:12] Speaker 3: He will remove the salt cap and I think he'll
[7:16] Speaker 3: do that because a lot of people hate that. They
[7:20] Speaker 3: so what the Trump tax cut did, And make no mistake,
[7:24] Speaker 3: this was not Trump's tax cut. This was Paul Ryan's.
[7:29] Speaker 4: Tax cut, right.
[7:30] Speaker 3: Paul Ryan was the architect of this with a guy
[7:34] Speaker 3: named Brady, Congressman Brady out of Texas, the chairman of
[7:38] Speaker 3: the House Ways and Means Committee. This was their architected plan.
[7:42] Speaker 3: So it appears by who Trump's picking early on, you know,
[7:48] Speaker 3: he's kind of building his coalition. This is going to
[7:51] Speaker 3: be more of Trump's four years, where the first four
[7:56] Speaker 3: years I'd said the first two years were really Paul
[7:58] Speaker 3: Ryan was very in flace lunch and the Trump tax cuts.
[8:01] Speaker 3: So I think you'll get no tax on tips. I
[8:03] Speaker 3: think that will happen. Wow, I think you'll get no
[8:06] Speaker 3: tax on Social Security if they can get these things through.
[8:11] Speaker 3: I think there'll be some type of small business tax
[8:14] Speaker 3: cut allah what Kamala was purporting, but I think it'll
[8:19] Speaker 3: be a little different than what Kamala's trying to purport.
[8:22] Speaker 3: So like you'll be able to fully expense your copiers yours,
[8:27] Speaker 3: So if you buy a new copier for your small
[8:29] Speaker 3: business if you buy a car, so they have that
[8:33] Speaker 3: uh Section one twenty five cap to your plan. So
[8:35] Speaker 3: if you're if you're building your business. Because Trump was
[8:40] Speaker 3: a business owner, I think there'll be a lot of
[8:45] Speaker 3: gimmes for the small business class, which I hope because
[8:48] Speaker 3: there were some things that Trump did in the first
[8:51] Speaker 3: tax cuts or Paul Ryan did that allowed the small
[8:55] Speaker 3: business owner to expense things. And I talked to a
[8:58] Speaker 3: lot of my clients that they didn't do it, meaning
[9:01] Speaker 3: maybe the rich people did it, but this middle class
[9:03] Speaker 3: fifty to one fifty, they didn't know. Oh I could
[9:07] Speaker 3: write off a copier, I could write off a truck.
[9:11] Speaker 4: I could write.
[9:12] Speaker 3: Off Now you can still write some of those things
[9:14] Speaker 3: off with Biden. It's about fifty percent now of what
[9:18] Speaker 3: it was under Trump. But you could even buy houses.
[9:23] Speaker 3: You could get the accelerated depreciation right, So accelerated depreciation
[9:27] Speaker 3: student was huge, and I think some of these things
[9:32] Speaker 3: people don't do when they're middle class because they don't
[9:36] Speaker 3: have the financial quarterback. That's why they ship my podcast
[9:40] Speaker 3: and anybody can get it on Spotify or Apple, so
[9:43] Speaker 3: no matter where you live, our radio show is based
[9:45] Speaker 3: in New York, but our podcast is everywhere. But a
[9:49] Speaker 3: lot of people don't realize you don't have to be
[9:52] Speaker 3: rich to take advantage of these gimmes for small business.
[9:58] Speaker 1: And that's really important. So you know when I always
[10:01] Speaker 1: talk about small businesses, you got to have a business plan,
[10:04] Speaker 1: and you got to have an account, you got to
[10:05] Speaker 1: have a lawyer, and a lot of people don't understand
[10:07] Speaker 1: the value of that. All they do is they get
[10:10] Speaker 1: their W two, go to or there's a Quicken, or
[10:14] Speaker 1: if you go to a tax person, you do your
[10:16] Speaker 1: taxes and miss all these opportunities. And that's what I
[10:18] Speaker 1: try to deliver on the show, opportunities and information because
[10:22] Speaker 1: of the fact that as we go through the process
[10:27] Speaker 1: deductions and I wanted to bring this up because I
[10:31] Speaker 1: don't know. I'm gonna tell you this, Josh, I don't
[10:34] Speaker 1: know what a big coin is. I understand this out
[10:36] Speaker 1: there cryptocurrency. I understand this. I've never invested in it.
[10:42] Speaker 1: I am really I'm not saying delusional, but I really
[10:46] Speaker 1: don't understand it. And so I really want you and
[10:49] Speaker 1: I've had, like many guests on this show, explain it
[10:52] Speaker 1: to me. Okay, Josh, so you the financial quarterback Okay,
[10:57] Speaker 1: I'm the running back, so you got to send me
[10:59] Speaker 1: to the right right.
[11:00] Speaker 4: Oh, so I can score that touchdown. So help me out, brother.
[11:03] Speaker 1: What is bitcoin? How should I introduce it into my
[11:06] Speaker 1: middle class life?
[11:08] Speaker 4: And what is cryptocurrency?
[11:10] Speaker 1: And how should I introduce that into my middle class life?
[11:14] Speaker 3: A Number one, you should not do any crypto investing
[11:18] Speaker 3: without getting out of debt and establishing the financial plan. Okay,
[11:22] Speaker 3: I talked to a sweet young couple. Actually, they do
[11:25] Speaker 3: work for me. They do freelance work, entrepreneurial. The guy goes, Josh,
[11:30] Speaker 3: I invested forty grand and bitcoin and crypto and I
[11:34] Speaker 3: lost half.
[11:34] Speaker 1: How does he invest? How did he invest forty grand
[11:36] Speaker 1: into bitcoin?
[11:38] Speaker 4: I don't know how he particularly did it.
[11:40] Speaker 3: How most people do is they set up an account
[11:43] Speaker 3: on an website like a coinbase.
[11:47] Speaker 4: Okay. What's nice is if.
[11:49] Speaker 3: You want to invest in bitcoin and you don't understand
[11:52] Speaker 3: how it works, but you just want a little bit. Now,
[11:55] Speaker 3: I'm not telling anyone to do this, not giving investment advice,
[12:00] Speaker 3: but it is very easy now to gain bitcoin exposure
[12:05] Speaker 3: because of the rise of bitcoin ETFs. So just like
[12:10] Speaker 3: you buy an S and P five hundred index fund,
[12:15] Speaker 3: you can buy an ETF that has bitcoin. But first
[12:18] Speaker 3: let's talk about what bitcoin is, because a lot of
[12:19] Speaker 3: people don't even know what it is. They think it's confusing.
[12:24] Speaker 3: All bitcoin is the future of money. Now cryptos, loosely speaking,
[12:29] Speaker 3: most of them are scams. But essentially what bitcoin is
[12:35] Speaker 3: is like back in We're going back to the future
[12:40] Speaker 3: in the sense that there used to be a time
[12:44] Speaker 3: where people would have a ledger and they would write everything.
[12:48] Speaker 4: Down on their ledger.
[12:50] Speaker 3: So all bitcoin it is there is a private ledger
[12:54] Speaker 3: and a public ledger exchanging money.
[13:00] Speaker 5: Please don't go anywhere. We'll be right back with more
[13:03] Speaker 5: Money Making Conversations Masterclass. Welcome back to the Money Making
[13:12] Speaker 5: Conversations Masterclass hosted by Rashaan MacDonald.
[13:17] Speaker 3: And So there is a private key and a public key.
[13:22] Speaker 3: Think like your email. Now, I will tell you the
[13:26] Speaker 3: problem that you have with it is what everybody has
[13:30] Speaker 3: with it, and it won't become ubiquitous and everywhere until
[13:35] Speaker 3: it is easily communicated. I think the simplest parallel is
[13:39] Speaker 3: kind of like Venmo give her Venmo people. So when
[13:44] Speaker 3: you Venmo people, there is a public interface where you
[13:49] Speaker 3: can see that. Rashaan and Josh the Financial quarterback have
[13:52] Speaker 3: exchanged money, so I give you thirty dollars to cut
[13:55] Speaker 3: my hair. Mm hmm okay, and other people can see
[14:00] Speaker 3: that transaction.
[14:02] Speaker 4: That is the public ledger.
[14:05] Speaker 3: Wow.
[14:05] Speaker 4: The private ledger is.
[14:07] Speaker 3: Where the money is exchanged, and so that if there
[14:11] Speaker 3: was a dispute between your eye in an exchange of services,
[14:16] Speaker 3: someone could look at the ledger and see money went
[14:20] Speaker 3: from Rashawn's.
[14:21] Speaker 4: Wallet to Josh's wallet. Now it's a.
[14:25] Speaker 3: Little confusing, but think of it as as simplest form
[14:28] Speaker 3: email for your money. So your email addresses public, say
[14:37] Speaker 3: it's Rashaan at gmail dot com, right or Josh at
[14:40] Speaker 3: gmail dot com. That is a public thing, so I
[14:45] Speaker 3: know if a message is going to you. I can
[14:49] Speaker 3: see that there's a message, but I don't see the
[14:51] Speaker 3: contents of that message.
[14:53] Speaker 4: There's a privacy element.
[14:54] Speaker 3: So there's a public aspect and a private So because
[15:00] Speaker 3: people don't trust the government anymore with their money, bitcoin
[15:06] Speaker 3: became kind of you know, Bitcoin's relatively a recent technology.
[15:11] Speaker 3: It's credited that a guy named Satoshi Nakamoto invented bitcoin,
[15:18] Speaker 3: and he invented it as people had lost faith in
[15:23] Speaker 3: the government in the wake of the financial crisis of
[15:26] Speaker 3: two thousand and eight. So it came about so people
[15:29] Speaker 3: think it's like nothing. It isn't nothing. It's it's like
[15:34] Speaker 3: email for your money. It's a cryptographic and crypto has
[15:39] Speaker 3: to do with these.
[15:40] Speaker 1: Keys, right, No, no, no, But.
[15:43] Speaker 4: I don't want to confuse your people.
[15:45] Speaker 1: But I concuse me because like it's a journey. But
[15:49] Speaker 1: you have opened a door and so, but you did
[15:51] Speaker 1: say something about cryptocurrency when you said the word scam,
[15:55] Speaker 1: and that always makes me nervous when I started getting
[15:58] Speaker 1: into it. But you didn't say that in regards to
[16:00] Speaker 1: the bitcoin and the blockchain. What makes you I shouldn't
[16:04] Speaker 1: say you, Larry, but what made you utter the word
[16:06] Speaker 1: scam when you say cryptocurrency?
[16:09] Speaker 3: I like in cryptocurrency as just a very It's like
[16:14] Speaker 3: a term that anybody could.
[16:18] Speaker 4: Foist.
[16:19] Speaker 3: I mean, are there are many different cryptocurrencies. If you go,
[16:22] Speaker 3: you can buy Solana, you can buy a Theorium, you
[16:24] Speaker 3: can buy you know, any number of them. The reason
[16:30] Speaker 3: why I like bitcoin is there is a fixed supply
[16:36] Speaker 3: and people can't manipulate it, whereas I believe any cryptocurrency
[16:42] Speaker 3: where there is a central actor. So for example, in
[16:46] Speaker 3: a theeum, we know who the founder is and he
[16:50] Speaker 3: has influence on what it does. But that being said,
[16:55] Speaker 3: I don't think anybody should invest in bitcoin or any
[16:59] Speaker 3: cryptocurrency without understanding what they're investing in. So if you
[17:04] Speaker 3: want to learn more about bitcoin, you should look up
[17:07] Speaker 3: the white paper by Satoshi. You could google White Paper
[17:11] Speaker 3: by Satoshi and you'll learn about it. There's many different
[17:15] Speaker 3: books on it. But essentially, uh, we're already there.
[17:21] Speaker 4: If you if you talk.
[17:22] Speaker 3: About Venmo, if you look at Zell, they're doing what
[17:27] Speaker 3: bitcoin was trying to do, where people could exchange money
[17:32] Speaker 3: without an intermediary like a bank getting in the way,
[17:37] Speaker 3: or a Western Union or a payday money lender. So
[17:42] Speaker 3: I think the genies out of the bottle. I think
[17:45] Speaker 3: we're there. It's like saying no, I don't want to
[17:47] Speaker 3: go into big email, or I don't believe in the
[17:50] Speaker 3: world Wide Web. It is as the Web changed information,
[17:56] Speaker 3: bitcoin is going to have an influence on changing money.
[18:00] Speaker 3: Right and now that trumpson people are calling him, you know,
[18:04] Speaker 3: the first bitcoin president. I don't even know if he
[18:08] Speaker 3: knows what it is. Because then there was something called
[18:11] Speaker 3: the trump coin, which like like I would not put
[18:15] Speaker 3: money into the trump coin.
[18:17] Speaker 1: Sorry, you know, well, I'm talking to Josh Jolenske. He's
[18:21] Speaker 1: the financial quarterback. He offers live financial guidance, which he's
[18:25] Speaker 1: doing right on my show, tackled real time listener questions
[18:28] Speaker 1: which he does on his show and his radio show
[18:30] Speaker 1: that he has in New York City, and its blend
[18:32] Speaker 1: of expertise and insight, which has helped me with the
[18:34] Speaker 1: bigcoin journey that I've always been on in which I
[18:38] Speaker 1: need to move into in twenty twenty five, and the
[18:40] Speaker 1: cryptico terrency which really kind of really really educated me.
[18:44] Speaker 1: And I think I have a clear understanding why I've
[18:46] Speaker 1: always favored bitcoin. And also I'm also understanding vemo because
[18:51] Speaker 1: I use that in Zel. I use that because people
[18:53] Speaker 1: are starting to ask me for those forms of payments,
[18:57] Speaker 1: or can I zell you the money? Can I vemo
[18:58] Speaker 1: you the money. I'm getting more and more in my life,
[19:01] Speaker 1: even though I was resistant to it. I would tell you, Josh,
[19:03] Speaker 1: I didn't want to give into it, but I realized
[19:05] Speaker 1: I have to give into that role of life. But
[19:08] Speaker 1: if we get through money, money, money, you know, it's
[19:12] Speaker 1: we won't want to be rich. We want to be
[19:14] Speaker 1: in the position to say, I don't know what rich is.
[19:17] Speaker 1: But I know that that Charles Swab said that in
[19:19] Speaker 1: the survey because they do this every year. They said
[19:22] Speaker 1: wealthy or rich is two point five million dollars. Now
[19:27] Speaker 1: you're the financial quarterback. I'm not saying that my listeners
[19:29] Speaker 1: have two point five million dollars?
[19:32] Speaker 4: Is that wealthy or is that rich?
[19:34] Speaker 1: When somebody says a big financial institution like Charles Swab
[19:39] Speaker 1: said two point five million dollars, you're rich, my man,
[19:42] Speaker 1: tell us the truth, Josh.
[19:43] Speaker 3: From your perspective, I think if you have two and
[19:47] Speaker 3: a half million dollars, your one, you know, lawsuit away
[19:51] Speaker 3: from losing everything.
[19:53] Speaker 4: Right, So don't I don't view that as rich.
[19:59] Speaker 3: Doctors who I am of his clients, don't view that
[20:01] Speaker 3: as rich. Accountants, lawyers don't view.
[20:05] Speaker 4: That as rich. I get.
[20:07] Speaker 3: I guess why the general public does, because they think, oh,
[20:12] Speaker 3: if I have two and a half million invested at
[20:14] Speaker 3: five percent, I could.
[20:16] Speaker 4: Live on one hundred grand a year.
[20:19] Speaker 3: But I don't think it's rich. I think it's maybe
[20:22] Speaker 3: better than most, but I think it's a good start.
[20:28] Speaker 3: I think it's a goal for many people to retire.
[20:31] Speaker 3: I think the average person would feel comfortable with two
[20:34] Speaker 3: and a half million.
[20:36] Speaker 4: But then when you know people with two and a
[20:37] Speaker 4: half million, they say, oh, I wish I had five.
[20:40] Speaker 3: If you know people with five they said, I wish
[20:41] Speaker 3: I had ten, and then I'd feel really comfortable. I
[20:44] Speaker 3: think it's never enough if you're the person with it.
[20:49] Speaker 3: But I guess it's as good of a definition as any.
[20:53] Speaker 1: I tell you what, Josh, because at least when the
[20:55] Speaker 1: questions you sent over to me, because that two and
[20:56] Speaker 1: a half million, Because I always go, wow, Oh, if
[21:00] Speaker 1: I'm sixty five and I got two and a half
[21:02] Speaker 1: million dollars in a bay, what kype of lifestyle should
[21:06] Speaker 1: I create for myself so I won't run out of money?
[21:11] Speaker 3: Well, there are products now where you can put two
[21:15] Speaker 3: and a half million in you get one hundred and
[21:16] Speaker 3: twenty grae a year every year of the day you die,
[21:20] Speaker 3: and those exist. But there are many products that exist
[21:26] Speaker 3: that can give you an income for life. So for example,
[21:30] Speaker 3: you could buy a no fee income annuity, fixing axtinuity
[21:35] Speaker 3: with an income rider where you get a check every month. Now,
[21:38] Speaker 3: the negative on those is how are you going to
[21:41] Speaker 3: beat inflation?
[21:42] Speaker 4: So you don't have.
[21:43] Speaker 3: All your money in an annuity. You might want to
[21:45] Speaker 3: have some in the stock market to compliment that. So
[21:49] Speaker 3: that is as our dollars become worth less since the
[21:54] Speaker 3: nineteen seventies, since the US went up the gold standard,
[21:57] Speaker 3: our dollars don't.
[22:00] Speaker 4: Buy what they used to.
[22:01] Speaker 3: Every year people talk about Republicans Democrats. We had an election.
[22:06] Speaker 3: We have to change our whole orientation as a country.
[22:09] Speaker 3: If we don't like inflation, right, we need to go
[22:11] Speaker 3: back to sound money, no debt as a country. I
[22:17] Speaker 3: don't know if we'll go there ever, you know, because
[22:20] Speaker 3: it's it would be too politically. Whoever whatever party embraces
[22:26] Speaker 3: the no debt like so if I ran for office,
[22:29] Speaker 3: I would say, elect me for four years and I'll
[22:34] Speaker 3: get out of debt. And I'll probably and I'll get
[22:36] Speaker 3: our country out of debt. I'll probably be the most
[22:38] Speaker 3: hated president ever because that would mean you would end
[22:42] Speaker 3: people's programs.
[22:45] Speaker 1: And that's what Trump is talking about.
[22:47] Speaker 3: Yeah, well, I don't think he's got I don't think
[22:49] Speaker 3: he's gonna do it. I think he likes the approval
[22:52] Speaker 3: of people more than people give him credit for. I
[22:55] Speaker 3: don't think he's gonna I think when it comes down.
[22:58] Speaker 1: To it, and send us a negative thing because there's
[23:01] Speaker 1: a lot of programs should be terminated, but somehow we are.
[23:05] Speaker 1: I was talking to a friend of mine and I
[23:06] Speaker 1: was saying that somehow, you know, we all had an
[23:09] Speaker 1: opportunity to vote, and roughly ten million people chose not
[23:13] Speaker 1: to vote, And so somewhere along the line, you have
[23:16] Speaker 1: to wake up in the mirror and go, look, it's
[23:18] Speaker 1: about me today. Yeah, do I survive? How do I
[23:22] Speaker 1: take care of my family? How do I keep my
[23:24] Speaker 1: business afloat and not worry about people who won't even
[23:29] Speaker 1: go to the polls? And I think that that's where
[23:31] Speaker 1: we at in America today. And I'm not saying that's
[23:34] Speaker 1: a bad thing, but I think that we need to
[23:35] Speaker 1: acknowledge that exists because in the financial world that we
[23:39] Speaker 1: live in, we have to become selfish.
[23:43] Speaker 3: Or at least self reliant. I always when I was
[23:47] Speaker 3: growing up, I was we had no health insurance, we
[23:54] Speaker 3: had no money, we didn't have money for health insurance.
[23:59] Speaker 3: And I think my interest in financial literacy came with
[24:04] Speaker 3: the realization when we're on the line in the emergency
[24:09] Speaker 3: room trying to get care. Because I was a childhood
[24:12] Speaker 3: asthmatic and I was with you know, the the UH
[24:17] Speaker 3: Undocumented Workers and the and the illegal immigrants whatever you
[24:20] Speaker 3: want to call them in the In the because we
[24:23] Speaker 3: were too poor for healthcare and I had to rely
[24:25] Speaker 3: on the doctors' graces to just give me treatments.
[24:31] Speaker 4: I realized, Hey, the government's not going to save me.
[24:34] Speaker 3: I don't care left right, red blue. You know, It's
[24:38] Speaker 3: like I had a decline in today and they go, Josh,
[24:41] Speaker 3: I'm worried about the country. I go, this stock market
[24:43] Speaker 3: isn't red or blue, it's green.
[24:46] Speaker 4: So you gotta take.
[24:49] Speaker 3: Care of your own economy first, because the government won't
[24:53] Speaker 3: save you and me. There might be a program that
[24:55] Speaker 3: does good for some people, but I found that people
[24:58] Speaker 3: really need it never get what they really need to
[25:02] Speaker 3: get ahead. That's why I'm a big believer in you
[25:05] Speaker 3: have to be your own I mean savior from a
[25:09] Speaker 3: financial perspective, not a not a not a spiritual you know,
[25:14] Speaker 3: I know my savior spiritually, my Lord and savior. But
[25:19] Speaker 3: what I'm saying from a financial fair nobody's gonna save you.
[25:23] Speaker 4: Donald Trump is not gonna save you.
[25:25] Speaker 3: Kamal Harris wasn't gonna save you, right, you know, you
[25:28] Speaker 3: have to save your own personal economy.
[25:30] Speaker 4: How do you do that?
[25:32] Speaker 3: You get out of credit card debt, you cut up
[25:33] Speaker 3: your credit cards, you go back to the envelope method.
[25:36] Speaker 3: You save fifteen to twenty percent of your pay. You
[25:39] Speaker 3: cut cable if you have to, You cut as you
[25:42] Speaker 3: use a library card if you have to.
[25:45] Speaker 4: You take care.
[25:47] Speaker 3: Of your own economy, and good things will happen, right
[25:51] Speaker 3: if you. I've never met anybody who saved fifteen percent
[25:54] Speaker 3: of their pay who didn't end up at least financially.
[26:00] Speaker 1: Okay, yeah, he's the financial quarterback man. Josh, hey man,
[26:05] Speaker 1: I want to thank you for coming on my show.
[26:07] Speaker 1: Can we make this a regular thing? Josh, You know,
[26:11] Speaker 1: because my whole thing about it is that I'm not
[26:14] Speaker 1: the smartest guy in the world. I'm just a good talker.
[26:16] Speaker 1: But I know a lot of smart people, and I
[26:18] Speaker 1: want to put you in my I know one of
[26:20] Speaker 1: those smart people. His name is josh Ka Lensky, and
[26:22] Speaker 1: I want to bring you back on the regular basis,
[26:24] Speaker 1: you know, just to just to expose because I got
[26:26] Speaker 1: a lot of more questions I want to ask you.
[26:28] Speaker 1: But on this show, I want to thank you for
[26:30] Speaker 1: spending time and educating with Shan McDonald on Bitcoin's cryptocurrency,
[26:35] Speaker 1: talk about the middle class what we can expect with
[26:37] Speaker 1: Donald Trump. I love the fact that you have mentioned
[26:40] Speaker 1: that there will be no tips. Possibly no tips.
[26:44] Speaker 4: That's what he said.
[26:45] Speaker 5: I love that.
[26:47] Speaker 4: I hold you to it. But look that sounds good
[26:49] Speaker 4: to me. I'm not Trump. I love to be to it.
[26:51] Speaker 6: I'm holding you to you. You're the financial quarterback. Man,
[26:54] Speaker 6: I'm running downfield. You best throw football to me because
[26:58] Speaker 6: I'm waiting to catch it. My brother more, I appreciate
[27:01] Speaker 6: you coming on my show, money Making Conversation Masterclass.
[27:04] Speaker 3: Thank you.
[27:04] Speaker 4: It's a lot of fun.
[27:05] Speaker 3: And make sure everybody downloads my podcast, The Financial Quarterback
[27:09] Speaker 3: on Spotify or Apple. Cool.
[27:11] Speaker 1: Great. This has been another edition of Money Making Conversation
[27:14] Speaker 1: Masterclass hosted by me Rushaun McDonald. Thank you to our
[27:18] Speaker 1: guests on the show today and thank you our listening
[27:21] Speaker 1: to audience now. If you want to listen to any
[27:23] Speaker 1: episode I want to be a guest on the show,
[27:25] Speaker 1: visit Moneymakingconversations dot com. Our social media handle is money
[27:30] Speaker 1: Making Conversation. Join us next week and remember to always
[27:33] Speaker 1: leave with your gifts. Keep winning.

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