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A Financial Planner's Bitcoin Journey: Kimberly’s Experience - part 2
Episode 1616th July 2023 • Orange Hatter • Tali Lindberg
00:00:00 00:11:28

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"I was in the air force... I take my oath to the Constitution seriously... Uphold the constitution against enemies foreign and domestic. And I didn't understand... we have domestic enemies. And every war, every war, that we have been a part of has been manipulated."

"'The Creature from Jekyll Island'... It's a serious book of the history of the Federal Reserve... I was honestly depressed because... the inevitable outcome of that is Marxism... Bitcoin is the answer to this problem. And then it gave me hope..."

-Kimberly

Resources:

The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin

Story or Die: How to Use Brain Science to Engage, Persuade, and Change Minds in Business and in Life by Lisa Cron

Please email questions/comments to Tali@OrangeHatter.com

Mentioned in this episode:

Free Market Kids Short

Get your HODL UP ("The best bitcoin game ever!") at www.freemarketkids.com.

Transcripts

Tali:

Hi, everyone.

Tali:

Welcome to Orange Hatter.

Tali:

Today, you will listen to part two of my conversation with Kimberly.

Tali:

That, that's exactly, that's exactly my dilemma right now with my kids.

Tali:

So you know, Scott and I, we went to brand name schools.

Tali:

We thought that was the right thing to do and we have invested a lot of time and

Tali:

energy and money into getting our kids to follow that, at least over the first

Tali:

at least 15 years of homeschooling them.

Tali:

And now I'm afraid to tell, give them any advice because I feel like my

Tali:

advice may or may not be relevant two years from now or three years from now.

Tali:

And I just tell them right now, listen, nobody has the right answers for you.

Tali:

You just got to follow what your heart is telling you.

Tali:

And if that means you go right into business, and you don't go

Tali:

to college, then you got to do what your heart is telling you.

Tali:

Because honestly, nobody can tell you what the right steps are anymore.

Tali:

Right?

Tali:

And that whole AI thing is crazy.

Tali:

You used to have to hire copywriters, and you have to have editors and

Tali:

all those, AI can do all of that.

Tali:

They can do coding now.

Tali:

They can do art.

Tali:

Like, why would people go and spend all that time learning art when you

Tali:

can just tell your AI, you know, create this thing, and then just...

Tali:

right out of thin air kind of thing, you know, because I have one

Tali:

girl who's very interested in art.

Tali:

I'm like, I don't know what to tell you.

Tali:

Go study.

Tali:

Don't go study.

Tali:

I don't know what to tell you.

Tali:

But you know, I do want to relate something interesting that I just read.

Tali:

It was a book called "Story or Die."

Kimberly:

"Story or Die."

Kimberly:

Okay.

Tali:

There's a quote in there that's from a...

Tali:

Social Neuroscientist or something, and they were saying how a lot of people

Tali:

believe that the reason human beings are on the top of the food chain,

Tali:

because we have the opposable thumbs.

Tali:

Truthfully, the reason that we are on top of the food chain is due

Tali:

to our ability to work together.

Tali:

It's actually social intelligence that puts us on the top of the food chain.

Tali:

So, I feel like that's one thing I can tell my kids, which is...

Tali:

best skill set is learn how to work with people, because machines can

Tali:

never substitute you for that, right?

Tali:

Every other skill they can substitute.

Tali:

They can do engineering.

Tali:

They can do, you know, whatever art, and writing, and coding,

Tali:

and things like that, but they, machines will never become human.

Tali:

And human are human because of their social skills.

Tali:

So that [is the] best the advice I can give them today.

Tali:

Hopefully that's correct...

Tali:

and go into Bitcoin!

Tali:

And I tell my kids that.

Tali:

They're not all completely convinced, but we tell it to them so much,

Tali:

that they just kind of, at some point, just roll their eyes.

Tali:

They're like, "we know!"

Tali:

You know.

Tali:

I'm like, no, no, you don't know.

Tali:

You don't understand how important it is.

Tali:

So you said that it took a long time from when your friend told you about Bitcoin

Tali:

to where you were confident in Bitcoin.

Tali:

Like, how did that, how did that journey, what did that look like?

Tali:

What did you do to continue to learn about Bitcoin and become more convinced that

Tali:

it's the protocol that you value, rather than the investment part that you value?

Kimberly:

Well, so initially, like, when I...

Kimberly:

bitcoin was the on ramp, right?

Kimberly:

You had to get, you to buy the bitcoin in order to buy the

Kimberly:

other cryptocurrency, right?

Kimberly:

And bitcoin was the first, so it was the slowest, and it didn't have, you

Kimberly:

know, the number of transactions.

Kimberly:

And it used up all the, you know, so much energy...

Kimberly:

and there's all these stories about bitcoin, right?

Kimberly:

And then there was all these use cases for, for the other these

Kimberly:

other cryptocurrencies and all these things that it was going to do.

Kimberly:

But I think I just, I just kept reading.

Kimberly:

I, I came across this book.

Kimberly:

So...

Kimberly:

it was because of Bitcoin.

Kimberly:

So, I'm, like, on, I'm getting on YouTube, right, to learn

Kimberly:

about Bitcoin cryptocurrencies.

Kimberly:

And I ended up listening to Robert Kiyosaki, "Rich man, Poor dad."

Kimberly:

Do you know, do you know...

Tali:

I do know him.

Tali:

Yeah.

Tali:

Rich dad, poor dad.

Kimberly:

I've had his, I've followed him, and not like recently, but I

Kimberly:

mean, like, you know, 20 years ago, like I had his books, and I paid

Kimberly:

attention to what he was saying.

Kimberly:

I did a course with him.

Kimberly:

Anyway, so I got on his YouTube channel, and he started talking about this book.

Kimberly:

It's called "The Creature from Jekyll Island."

Kimberly:

Have you read that book?

Kimberly:

It's about the creation of the federal reserve.

Kimberly:

And he pulled, he shows it, and he's got it all tabbed and highlighted.

Kimberly:

And you can tell, like, he has really studied this book.

Kimberly:

I was really intrigued.

Kimberly:

So I got it, and I read it.

Kimberly:

I mean, it's a 500 page book.

Kimberly:

It's a serious book of the history of the Federal Reserve, you know...

Kimberly:

our in the monetary system of the United States...

Kimberly:

what we have done.

Kimberly:

Right?

Kimberly:

When I came out of that, I had such an understanding.

Kimberly:

I was honestly depressed because, um, he takes a very conspiratorial viewpoint

Kimberly:

of all that has happened and transpired.

Kimberly:

And, and the inevitable outcome of that is Marxism, right?

Kimberly:

And, and we're on that road.

Kimberly:

I was like, how do you, how do you get out of that?

Kimberly:

So I ended up on that.

Kimberly:

And then at the same time, I'm learning about Bitcoin, right?

Kimberly:

And at some point it's like, oh, okay.

Kimberly:

Now I get it.

Kimberly:

Bitcoin is the answer to this problem.

Kimberly:

And then it gave me hope, right?

Kimberly:

So then, like, well, okay, this gives me hope.

Kimberly:

There's a potential solution to the Federal Reserve and this endless

Kimberly:

printing of money and this money that's not backed by anything, right?

Kimberly:

And so now it's a matter of understanding more and more about Bitcoin.

Kimberly:

Well, does it do what it really says it does?

Kimberly:

Is it, can it fail?

Kimberly:

Can the system fail?

Kimberly:

What makes the system work?

Kimberly:

Is it really limited?

Kimberly:

Could somebody change it?

Kimberly:

I don't know.

Kimberly:

You just keep reading and learning and eventually you're like, I

Kimberly:

ended up fully kind of grasping it.

Tali:

Yeah.

Tali:

Yeah.

Tali:

That sounds really similar to what my husband went through.

Tali:

Because I remember, I remember nights when he was reading that book.

Tali:

And he would get so angry.

Tali:

He'd be like, Tali, can you believe?

Tali:

And I'll be like, Scott, I'm trying to go to sleep.

Kimberly:

Your husband was in the air force or the army, right?

Tali:

He was in the army.

Tali:

Yeah.

Kimberly:

Yeah.

Kimberly:

I was in the air force.

Kimberly:

So, I mean, you know, I take my oath to the Constitution seriously, right?

Kimberly:

Uphold the constitution against enemies foreign domestic.

Kimberly:

And I didn't understand, we, we have domestic enemies.

Kimberly:

And every war, every war, that we have been a part of has been manipulated.

Kimberly:

Right?

Kimberly:

By the, by the Fed or by the bank, or I ... it by the bankers, but by, you know,

Kimberly:

other interests, other interests, right?

Kimberly:

Not, not patriotism, not what's good for Americans.

Kimberly:

And if you have fought, if you have fought in that, it's really heartbreaking.

Tali:

It is, it is, absolutely.

Tali:

And he would agree with you 100%, and I'm sure you guys would be able

Tali:

to talk about that book forever.

Tali:

But he was absolutely, like, he started from that, and that was

Tali:

before we ever heard about Bitcoin.

Tali:

This was several years back.

Tali:

And he also got really depressed.

Tali:

Exactly like what you said, he was so depressed.

Tali:

He's like, "there is no hope.

Tali:

Everything is against us."

Tali:

Until he started hearing, I think it was Preston Pysh who was,whose podcast he

Tali:

was listening to, the investors podcast.

Tali:

And he kept hearing Preston talk about Bitcoin.

Tali:

That's when he was elbowing me, going, "Hey, Tali, this Bitcoin thing

Tali:

might be a, might be the solution."

Tali:

I'm like, "I don't have time.

Tali:

Stop bugging me.

Tali:

You know, I'm trying to homeschool the kids.

Tali:

What are you doing?"

Kimberly:

When was this?

Kimberly:

What year was this?

Tali:

Oh my goodness.

Tali:

When he first started poking me about Bitcoin?

Tali:

It was several years back, four years back, maybe...

Tali:

four or five years back.

Kimberly:

So before 2020.

Tali:

We didn't know who to ask.

Tali:

Back then, if you listen to a podcast, that seems very far away.

Tali:

It's not like you can call them up and go, "Hey, I heard this on your podcast.

Tali:

Can you explain that to me more?"

Tali:

It's not like talking to a fellow bitcoiner, where you go,

Tali:

"can you explain this to me?"

Tali:

So, it was like, just far away things.

Tali:

So he started reading books, and the more he read, the more hopeful he got.

Tali:

Because like you, he was so depressed when he read the Jekyll Island book.

Tali:

And he kept learning and the more he learned, the more hopeful he got, and the

Tali:

more he was trying to bug me about that.

Tali:

So it took him two years, two years, of elbowing me, before

Tali:

I said, "the heck, fine.

Tali:

Just tell me what the heck this thing is."

Tali:

Right?

Tali:

And so, when that happened, we were in the middle of COVID.

Tali:

So probably around the same time, but we, he started two years before that,

Tali:

trying to get me to be on board with him.

Tali:

And he didn't invest in it back then, because we were both still unsure of it.

Tali:

Like, we knew it was the thing, and we suspected that it could be a hope for

Tali:

us, but we didn't have anybody in our social circle that gave us confidence.

Tali:

So, it wasn't until we, he made that game, the HODL UP game, and got me

Tali:

on board, and I started reading, and I was like, "Okay, I'm on board.

Tali:

What do we do?"

Tali:

And at that point, it was 2020, I think, and we still didn't

Tali:

know how to get involved.

Tali:

And all these wallet things that they were talking about...

Tali:

well, like, conceptually, we understand that, but physically, what does that mean?

Tali:

And when we went to our local meetup, it was a crypto investment club.

Tali:

So they told us some things, but they were talking about Cardano, and they were

Tali:

talking about Ethereum, and they were talking about all these other cryptos.

Tali:

And we're like, "we don't even know what those things are.

Tali:

We, we, we're having a tough time just understanding what Bitcoin is."

Tali:

But they were like, "oh, no, but you need to invest in Cardano."

Tali:

I'm like, "I don't know what that is."

Tali:

So it's COVID.

Tali:

And our 20th, 20th, uh, wedding anniversary was coming up.

Tali:

And he said, "what do you want to do?"

Tali:

And I said...

Tali:

and our anniversary is in November.

Tali:

And I said, "Scott, we either stop talking about Bitcoin or we go check it out.

Tali:

And we actually do something about it."

Tali:

And so, we decided to go to the 2022, last year, 2022 Bitcoin conference

Tali:

for our wedding anniversary.

Tali:

And there was the first time we were able to talk to people,

Tali:

face-to-face, who were Bitcoiners.

Tali:

And that's how we finally decided, okay, we can be a part of this space.

Tali:

But it took that long.

Tali:

So that was 2022.

Tali:

He started three, four years before that.

Tali:

That's why we're so passionate about bringing this knowledge to people, because

Tali:

we were so ready and willing to learn, but we didn't have people around us that

Tali:

could explain it to us eyeball-to-eyeball.

Kimberly:

So, my pastor friend, he literally talked me through how to buy it.

Kimberly:

Like, he's like, "okay, go to this website".

Kimberly:

You know, and then, "this is how you're", you know, "you have to get

Kimberly:

connected to your bank account."

Kimberly:

Okay.

Kimberly:

So I did that.

Kimberly:

And then he's like...

Kimberly:

taught, taught me how to buy it, you know?

Kimberly:

And I bought, I bought like, you know, 50 dollars' worth.

Kimberly:

And then, and then he taught...

Kimberly:

showed me what wallet to get, "download this wallet."

Kimberly:

And then he helped me actually move the money off the exchange onto the wallet.

Kimberly:

I was like, "what?

Kimberly:

Oh my gosh."

Kimberly:

Right?

Kimberly:

Like, "is it gonna show up?"

Kimberly:

He's like," just do five dollars."

Tali:

Yeah, exactly.

Tali:

And that's what, that's what we did, too.

Tali:

Yeah.

Kimberly:

He literally held my hand through the entire process.

Tali:

Can you imagine if you were already interested, but he wasn't there?

Kimberly:

Oh yeah, that's what made me think of that...

Kimberly:

when you told me, when you're talking about your story, because

Kimberly:

yeah, I had somebody that was literally telling me what to do.

Tali:

Yeah, somebody you trusted.

Tali:

Somebody you trusted walking you through it.

Tali:

And that gives people so much more conviction than reading

Tali:

something or watching something and intellectually understanding it.

Tali:

Because one of the things that we did, was we, we would go on YouTube

Tali:

and we would research, like, wallets.

Tali:

But it wasn't one wallet.

Tali:

It was, like, 10 different wallets, all different names, some of

Tali:

them were lightning, some of them were on chain, and there were so

Tali:

many nuances, it paralyzed us.

Tali:

We didn't know which way to go.

Tali:

We're like, "there're 10 wallets, how do we, how do we choose?"

Tali:

You know, and then if we were paralyzed, we did nothing.

Kimberly:

Right, oh yeah.

Kimberly:

I still, I'm still kind of there, right?

Kimberly:

Like I, I have one cold wallet, and I really want to, I need another one.

Kimberly:

And I, and I know what has been recommended to me.

Kimberly:

And then I was at the conference.

Kimberly:

There was one, a new one that was on the market.

Kimberly:

And I was like, "well, that looks pretty good.

Kimberly:

And it looks like the user interface might be good."

Kimberly:

You know, start reading reviews.

Kimberly:

And I don't do anything.

Tali:

Because there's so many choices...

Tali:

Thank you for joining us today.

Tali:

We will continue this conversation tomorrow.

Tali:

Be sure to come back and hear the rest.

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