Collin Plume
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think more people are working longer, but I think it's actually in a lot of ways, it's healthier that they have some purpose. in their life and I think it's something that is a big shift as people are living to a hundred and more.
I think more people are working longer, but I think it's actually in a lot of ways, it's healthier that they have some purpose. in their life and I think it's something that is a big shift as people are living to a hundred and more.
I don't think many of the financial advisors have created strategies where people are living to a hundred and having an extra income coming in a thousand or two thousand or three thousand dollars a month potentially in your later years can definitely stretch your dollar a lot longer than it used to. So I think the whole thing is changing, Vince.
I don't think many of the financial advisors have created strategies where people are living to a hundred and having an extra income coming in a thousand or two thousand or three thousand dollars a month potentially in your later years can definitely stretch your dollar a lot longer than it used to. So I think the whole thing is changing, Vince.
It's good and bad in that the good part about it is you can get access to a different style of learning that probably wasn't there before. For instance, if you wanted to learn about Tesla, You used to go online and look at the stock and read the prospectus and make your own determination, or maybe you had a stockbroker tell you their thoughts.
It's good and bad in that the good part about it is you can get access to a different style of learning that probably wasn't there before. For instance, if you wanted to learn about Tesla, You used to go online and look at the stock and read the prospectus and make your own determination, or maybe you had a stockbroker tell you their thoughts.
But now you could go to YouTube and look up Tesla and you could get different sides of the story and different ideas of what's going to happen or thoughts from that influencer and you could learn about the stock in a different way. Because for many people, learning in that way with video is much easier than reading a perspective. So in some ways, it's really good.
But now you could go to YouTube and look up Tesla and you could get different sides of the story and different ideas of what's going to happen or thoughts from that influencer and you could learn about the stock in a different way. Because for many people, learning in that way with video is much easier than reading a perspective. So in some ways, it's really good.
And even for me, when I wanna learn about something, obviously in the financial realm that I don't know, I will go to YouTube first, and then I will go and try to get information or a book or do research in many different ways.
And even for me, when I wanna learn about something, obviously in the financial realm that I don't know, I will go to YouTube first, and then I will go and try to get information or a book or do research in many different ways.
the bad thing is that they think they are authorities and people believe they are authorities and a lot of times it's just their opinion or even worse they're getting paid to tell you something and so one area that i know that a lot of people got that lost money was the NFT market, which was a derivative of the crypto market was this NFT craze.
the bad thing is that they think they are authorities and people believe they are authorities and a lot of times it's just their opinion or even worse they're getting paid to tell you something and so one area that i know that a lot of people got that lost money was the NFT market, which was a derivative of the crypto market was this NFT craze.
And people saw influencers like Jake Paul and a lot of these, or Logan Paul, I can't remember, one of the Pauls that created these NFTs. And they said that they would do these certain things. There's other ones out there that have done this too. There's hundreds, probably thousands. And a lot of times they were getting paid either to create that product or promote that product.
And people saw influencers like Jake Paul and a lot of these, or Logan Paul, I can't remember, one of the Pauls that created these NFTs. And they said that they would do these certain things. There's other ones out there that have done this too. There's hundreds, probably thousands. And a lot of times they were getting paid either to create that product or promote that product.
And there was really nothing behind it. And a lot of people took their word at face value. The big thing about when you're getting into investing or you're doing any kind of money, you got to spend some time and do research and check different sources. The problem today is that people will, if they like an influencer the way that they talk, they'll take their word for it.
And there was really nothing behind it. And a lot of people took their word at face value. The big thing about when you're getting into investing or you're doing any kind of money, you got to spend some time and do research and check different sources. The problem today is that people will, if they like an influencer the way that they talk, they'll take their word for it.
And unfortunately, the algorithms of these social media, it's not based on who's giving you the best information or someone that's the most credible. it could be either that they paid to get in front of you, number one, or two, they could have just presented the video in a way that is the most appealing to people.
And unfortunately, the algorithms of these social media, it's not based on who's giving you the best information or someone that's the most credible. it could be either that they paid to get in front of you, number one, or two, they could have just presented the video in a way that is the most appealing to people.
And so the problem is that people, and they've done studies about this, and they've done it on Google too, is that people think the things that pop up on social media or on Google searches, they think that those are the authorities. And actually, it's just based on the algorithm of that social media platform.
And so the problem is that people, and they've done studies about this, and they've done it on Google too, is that people think the things that pop up on social media or on Google searches, they think that those are the authorities. And actually, it's just based on the algorithm of that social media platform.