Personal Finance Cat

Summary: If you are like me, who does not know how to code, or know anything about design or architecture, but are still very interested in learning about the Metaverse, then this episode is for you. Listen on to learn how to get started to become a Metaverse consultant. References: Boston Consulting Group's Metaverse Consulting Service Offerings https://www.bcg.com/capabilities/digital-techno...

Summary: Are you someone who has a knack for aesthetic beauty? Have you been getting compliments on your good tastes? Do you regularly have ideas in your mind to decorate your house? If that sounds like you, listen to this episode to find out how you can take advantage of the first inning of the burgeoning Metaverse to become a designer or architect there. References: Decentraland’s call to action...

In this episode, I talk about the top 5 metaverse companies to invest in based on my research. When I researched this topic, I found quite a few good sources. While this is not meant to be financial advice, I soon realized that there are some clear patterns from the financial advice type of websites. At the end of the day, the top companies these various sources recommend overlap heavily. My final...

Yes, I decided to dedicate a whole season, consisting of approximately 10 to 15 episodes, to the single topic, Metaverse. I talked about the 10 business opportunities in the Metaverse in Episode 11 of the Personal Finance Cat Podcast. But in this season, I’m planning to dive deep into each of the 10 opportunities and more. Listen to this trailer and stay tuned for more!

Welcome to PFC's Metaverse Season, Episode 1. Unfortunately, the headline these days is that metaverse real estate is experiencing some “severe meltdown”, similar to cryptocurrencies and NFTs (or non fungible tokens). Why was there a hype to begin with, and where is it headed now? Listen to this episode of the Personal Finance Cat Podcast to find out, and you may be surprised to hear what my r...

Summary: In this episode, I will try to explain to you what NFT (or non fungible token) is, how the NFT market has been in the last year or two, and what is happening to most NFTs’ prices now. Should you invest in NFTs? Listen to the episode to find out! References: https://en.wikipedia.org/wiki/Non-fungible_token https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-se...

In this episode, I want to explain to you why gas prices are so high, and unfortunately, will remain high for a while, from the economics perspective. The reason may not be what you think, or what the mainstream media try to make you think.

Summary: In this episode, I am sharing with you an introduction to cryptocurrency, because I believe good timing has come to get (back) into crypto. I want to give you some interesting background on why cryptocurrency was created, whether it is technically "currency", and some advice on how to invest. The episode ends with a word of caution.  Reference: Why is Bitcoin’s supply limit set to...

Want to know the one thing I did to become a millionaire by age 35? The one thing is NOT: Getting a high paying job Inheriting a bunch of money Winning a lottery Buying Tesla stocks and/or Bitcoin and held long term Curious? Listen to the end of this episode to find out the one simple (but not easy) thing I did to allow me to grow my net worth in less than 10 years from negative to $1 million+.

I’ve once heard that one of the key differences between the wealthy and the poor is how often they read - the wealthy are always learning and one of the best ways to learn is by reading; in comparison, the poor think the end of schooling is the end of learning and would rarely read. According to CNBC - Those who read seven or more books per year are more than 122 percent more likely to be milliona...

What is the metaverse, exactly? Listen to this episode to find out. More importantly, listen to the 10 business opportunities Personal Finance Cat identified after comprehensive research. The metaverse is the “wild west” still, which also means now is the best time to get in! Here is the list of the 10 opportunities, from the easiest to the hardest: 1. Passive investment in companies like Meta or...

In this episode, I am going to explain what mutual funds, index funds and ETFs are, and which one is recommended and why! Even though I am mostly a real estate investor, I do want to diversify my investment portfolio. In summary: Mutual Fund: A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.  Index fund:...

This episode starts with the obvious, which unfortunately nowadays is not as obvious perhaps. The best way to deal with debt is to not incur it in the first place. It is still doable, even in developed countries like the U.S.! That said, Personal Finance Cat believes that good debt is still O.K., or even good, to incur, because of the power of leverage. The below is an example of using $100,000 to...

Summary: In this episode, I start with the reasons why I think real estate is still the best and my personal favorite investment vehicle. I then provide you with the correct and ideal steps you should take to invest in real estate (beginner friendly!). I also want to give a big shout out to BiggerPockets (at biggerpockets.com). In this episode, you will hear many references to BiggerPockets. Learn...

In this episode, I am going to guarantee you that what you’ll be hearing in this episode is different from most if not all what other influencers are talking about on this topic. I’m not going to talk about how to max out your 401(k) and HSA, how to put your money in savings or investment accounts right after you get paid, how to cut back on dining out or Starbucks coffee, etc etc. I actually only...

In this episode, I want to share with you 10 side hustle ideas that range from the easiest/the most passive to the hardest/the most active. My hope is that this list can provide you with a full range of options, so you can decide which one or ones to pick depending on how much time you have and how much capital you have. The list starts with the ones that require more capital but less time and end...

In this episode, I am sharing why I think recession is imminent because of the current inflation situation. There are also some tips on how to tackle the potential recession: Listen to personal finance cat podcasts.  Save up even more than you normally would.  Invest in recession proof assets. Boost your income by switching to a new job.  INCREASE your investment during the recession.

In this episode, I want to share with you 7 tips on how to increase your earned income fast (relatively): Grind it out in the early years. Pick the path of least resistance. Niche down to a very specialized area where there’s a high demand for the skill set. Keep learning and stay relevant. Be vocal, network and advocate for yourself. Think strategically and think big picture. Don’t be afraid to j...

In this episode, I am sharing some tips and tricks on budgeting (my least favorite topic on personal finance - shh...) and more importantly, the motivation behind budgeting and why it is fundamental to financial success! Show notes: Business Insider article on high earning millennials feeling broke: https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-...

In this episode, I want to share the 6 simple steps of financial planning with you: Know where you are financially.  Set your retirement age. Calculate your monthly savings goal. Make a budget and stick to it!  Invest your savings in index funds. Periodically adjust and stay motivated. FIRE movement: https://www.forbes.com/advisor/retirement/the-forbes-guide-to-fire/ 4% Rule: https://www.cnbc.com/...

When is the next real estate crash in the US? My bet is 2026. Curious? Give me 10 minutes of your time and I'll explain why. Show Notes: Harvard Business School article on the US real estate cycle: https://extension.harvard.edu/blog/how-to-use-real-estate-trends-to-predict-the-next-housing-bubble/ Cost of Raising a Child: https://www.bankrate.com/insurance/life-insurance/cost-of-raising-a-chil...