About this episode
This week's Coin Stories features Financial Advisor and Bone Fide Wealth Founder Doug Boneparth *** Coin Stories is brought to you in part by The Bitcoin Conference and Okcoin. BITCOIN 2022 will be the BIGGEST BITCOIN EVENT IN HISTORY held in Miami on April 6-9, 2022. For 10% Off your Bitcoin Conference Ticket head to https://b.tc/conference and use code COINSTORIES *** Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Okcoin a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. We are a collective of global citizens with a common passion to help decentralize finance and level the economic playing field for everyone around the world. Visit https://go.okcoin.com/natalie for $50 in Bitcoin when you sign up. *** Bio sourced from BonefideWealth.com: For more than a decade, Douglas A. Boneparth has helped his clients negotiate sales of businesses; establish legacies for future generations; purchase new homes; pay off debt and achieve financial independence. But while servicing the needs of his diverse book of business, he noticed a gaping hole in the financial services industry: financial planning and advice for Millennials, his peers. So while everyone else was chasing old money to invest, Douglas started finding young people to invest in. With a passion to improve the financial lives of those around him, Douglas founded Bone Fide Wealth, a firm dedicated to providing both effective and relatable advice to the city's hardest working young professionals. Through his personal experiences with student debt, higher education, career development, professional achievement and entrepreneurship, Douglas shares a perspective that very few financial advisors in the industry can. Douglas then draws upon the real life examples of his firm's clientele, offering financial solutions that are as creative as they are practical. You can follow Doug on Twitter at @DougBoneparth -- Timecodes: 00:00 Intro and Discount Promos 1:54 Doug background and upbringing 4:36 Early lessons learned about money 6:21 Becoming a financial planner 9:37 Working and living at home after college 13:40 Chasing dreams in NYC 17:45 Lessons from '08 Financial Crisis 20:45 Focusing on Millennials 26:18 Top performing Millennials 30:03 Why do we need financial planners? 33:58 Biggest mistake Millennials make 35:30 Looking at your financial behavior 37:52 Discovering Bitcoin 40:41 Post mining Bitcoin 42:34 Bitcoin rabbit hole & Investing 48:56 Bitcoin allocation 52:21 Can BTC be Global Reserve Asset? 53:40 Will the market crash? 56:05 Doug's Twitter Humor