Full Show: Is It Time To Buy Crypto? and How Clark Taught His Kids About Money

[@monicasehuprt3298]

When I was in Junior High School they taught us about stocks, credit cards, interest rates, and how to balance a checkbook. I’m 62 now. It’s sad they don’t teach this in school anymore.

[@virginiamoss7045]

When I (75) was in school in the 1950s and 196O talking about money was taboo so the schools never brought it up except in a few math word problems; parents, at least mine, never mentioned anything about money. For whatever reason, I have been very good at handling money in spite of that; at the same time, I'm like Clark and I could not even pass geometry. I mentioned in a college remedial math class that I could solve any math problem as long as it was about money. The final test was about money and I passed the course. I often wonder if money talk is still taboo for some people and that's why it's not taught so much.

[@g.t.richardson6311]

Taught at my children’s middle school, watered down 9 week personal finance Also a graduation requirement now at the high school , one semester financial literacy class one semester

[@douglasa.5039]

Yes i Agree. Basic necessities of life subjects should be Mandatory.

[@Clark]

@@virginiamoss7045 HA! Make it make 'cents' for you to answer it. 💚

[@Clark]

@@g.t.richardson6311 Good to hear! One semester is better than no semester. 💚

[@tomjohnston3601]

Lesson learned. Mention crypto and your comments section is spammed by bots pushing a specific coin that looks almost like an anagram of "AM SH!T"

[@Clark]

💯🤦‍♂💚

[@hoosiermama3001]

After grocery shopping, I would hand my kids the receipt and ask them to find the most expensive item. It was usually junk/snack/processed food.

[@Clark]

Love it! 💚

[@douglasa.5039]

Yes that's a Good Concept.

[@virginiamoss7045]

Thanks, Clark, for being the meanie parent; your kids are lucky. Recently, an expensive private school ("prep" school) surveyed their alumni with questions as to how their school experience served them in real adult life. Almost half noted a failure in two categories: financial literacy and interpersonal relations. The latter had to do with lack of exposure to the full diversity of the real population, warts and all. The former had to do with money being a non-issue in their growing up years; whatever they wanted they got from their rich parents. Hopefully the school will address these; it is the purpose of their annual survey. But school can't stand in for good parenting; it's not designed to do that and maybe shouldn't be. One valuable thing about public school is that you learn to deal with all kinds of personalities from all levels of society so that you are prepared for that. If only we could pair that with the high quality of private school education, society would be a little better off.

[@Clark]

Great insight! Hopefully the school will address the deficiencies and more schools will join the bandwagon. 💚

[@jeffc8572]

So many people need to hear your rant on checks at 15:08. My company sees SO many issues with (primarily elderly) customers who still insist on being stuck in 1990 and making check payments. It’s hard not to be insulting when you try to explain that no, sending a piece of paper in the mail containing your routing and account number is NOT more secure than putting your info into our billing system.

[@williadw1955]

I have some friends who took a Viking River Cruise and said .. "Never again!". Three of the seven days, they sat stationary in a lock looking idirectly into the suite of another Viking cruise ship cabin because of some technical issues. Viking only offerd a percentage off of a future next trip.

[@douglasa.5039]

I am a long term stock and real estate investor. Have started to read and understand a lot more about crypto but not my choice of investing because of the wild volatility swings. Crypto Still in it's early stages.

[@Clark]

💯

[@bitcoinnupe]

I love Clark Howard and his advice. I understand his point, however there a few things I don’t think he quite understands. I may post a video response to this.

[@patriciahankel911]

Treasury bills have a nice interest rate.

[@barbarab3298]

Ty Clark !!

[@_Atomicex]

Market sentiment analysis offers insights into Hypeloot's potential for growth.

[@TheLifetraveler1]

We used to have home economics as well as shop class.

[@e-care-books9867]

#TeamClarkRocks ... BTW, I think learning about money is schools is getting more common. My daughter had several classes about it (credit cards, checking accts).

[@Clark]

YAY! Good to hear! 💚

[@MsGail61]

Yes, I’m one who filed to pay back benefits after 10 months since I went back to work. I even delivered the check to the local SSA office so it wouldn’t go through the mail, but it still hasn’t been cashed in 15 days. I think they put it in the mail themselves.

[@Clark]

Good for you! Hopefully it doesn't take them 2 months to cash it. Make sure you hold on to any confirmation you received from the SSA office as proof that you paid it before the 12-month deadline. 👏👏👏

[@DonnaCooper-y5u]

It take 2-6 months for the check to clear AND for the check amount/ correction to appear on your Social Security statement. They are short-staffed and backlogged. Just periodically check with them, so that you stay on their radar.

[@patriciahankel911]

Reminds me of Bennie Baby investing.

[@TheEcono]

So essentially you add your own #ubi to your child's income , Fascinating 👌

[@Clark]

We like to call it a 'daddy match,' in lieu of an employer match that many companies offer their employees. 💚

[@charlessommers7218]

Good info 👍

[@drz4073]

Wouldn't it be ironic if ITrustCapital ran an ad for its crypto Roth IRA on Clark's podcast?

[@mobilecommunicationsnetwor5268]

People now are being pushed into the ETF cryptos and they don't understand the implications for taxes. You're going to be sharing the tax loss and gain every year. This might be something that you comment on.

[@g.t.richardson6311]

Small part (about .5%) of my portfolio within my IRA. Having it in there is zero yearly tax implications regarding bitcoin.

[@coldwater5707]

Yes..after handing many pages of blockchain transactions to my tax man, he said "please don't do this to be again" and I discovered CoinTracker for the tax page. Now my problem though is how to properly account for the thousands lost on Blockfi...which it is still tracking. I made notes to tax man to see how to write off.

[@stevencole7331]

I use checks for some payments like property tax and car registration. The check I use is a bank cashier's check that I get free of fees at my bank . The cashier's check is not tied to my bank account so I feel I am fairly protected .

[@Clark]

Great strategy! 🙌

[@marciajimenez7347]

So how would you handle the cruise company wanting payment upfront if you don’t have one of those credit cards?

[@Clark]

Buy Cancel for Any Reason Travel Insurance from InsureMyTrip.com. You have to buy it within days of booking your trip and can cancel within 24-48 hrs before the trip (read your specific policy). This won't get you a full refund, but it will give you 50-75% of your funds back. Here's more information: clark.com/travel/cancel-for-any-reason-coverage/ Hope this helps! 💚

[@toby7291]

Paying credit card bills online, what happens when the credit card company gets hacked? Then the criminals have all our bank account info right? The day is coming when I get a letter in the mail that my credit card company has gotten hacked and they have all my personal information,, we are sorry but we are not responsible here have 12 months of a monitoring service for free. When are we going to be able to sue these companies that don’t secure our personal info?

[@Clark]

Yes, there is still a risk, but it's safer than your check getting stolen out of the mail - the criminals will still have all of your bank info from the check. 💚

[@tumbleweed1976]

Sound advice from my parents: If you spend it is theirs. If you save it is yours.

[@Clark]

Words to live by! 💚

[@harmgregory4560]

Thank you for this valuable commentary... all one can DO about crypto is roll your eyes and try to be a voice of reason. (gold, too, LoL) 😶

[@franklinsmith5914]

I plan to take Social Security benefits as soon as I am eligible and use the funds to invest in Bitcoin.

[@Clark]

We completely welcome differing opinions! 💚

[@cbbcbb6803]

Until we can pay our taxes in crypto, I can not see it having a reliable value.

[@zyzzuschrist3410]

W Clark

[@ChristopherMartins-ph9mk]

Nice

[@patriciahankel911]

Crypto….the first three letters in the word is CRY.

[@listerinr]

This is the most comments I've seen in your comments section Mr. Howard!

[@Clark]

🤦‍♂🤦‍♂💚

[@JohnnySnow-yo1xj]

Oh wow

[@jnmillonzi]

I have a few thousand in crypto Its play money If I lost it all I can still go to dinner tonight Also Im up a few hundred dollars

[@Clark]

This is how you do it! Use your 'monopoly money,' so you don't lose sleep if you lose it all. 🙌

[@ChristopherThomas-zz6vg]

Hmm

[@vince8436]

Where can you work at 15. Every place I lived it was 16.

[@g.t.richardson6311]

My kids worked starting at 14 at private swim club. Hours limited, stuff like desk attendant, snack bar cashier, empty trash, pick up the locker room. There is some exemption to minimum wage for private clubs as well They pay were paid six dollars an hour. But that was still a lot more than any other 14-year-olds were making. A couple of our local independent ice cream stores hire kids at 14 to serve cones. I started working at 15 at a grocery store, but could only do bagging and carts. But that was in the mid 1970s

[@melaniestarkey7868]

Babysitting can be good.

[@melaniestarkey7868]

I have been wondering about crypto . thank you

[@Clark]

Most states' minimum working age is 14 in 2024. Child labor laws restrict the hours that individuals under 16 may work and prohibit any minor from being employed in hazardous occupations.

[@vince8436]

@@Clark The best we could xo when I was young was mow lawns, shovel snow, maybe a paper route. But nothing where you would get a check from a business until 16.

[@jeanwoodhouse6456]

your full credit card number is listed on the statement- call and ask where it is on the bill. I called to complain one day and found out

[@Clark]

Good tip! 🙌

[@randolphh8005]

I would suggest that if you have spare money, invest a couple percent in Bitcoin. It is an asset more like gold. It is not currently currency. There are only 2 possible outcomes for Bitcoin. It will be worth nothing or a lot. There is no in between. We are retired, we own a little, but have enough to speculate.

[@melaniestarkey7868]

I don't see an emoji where the guy is pinching his nose. I was wondering what you thought about all this.

[@Clark]

🦨🦨🦨💚

[@firstlast1732]

I’m still dealing with Clark’s last comment on the other podcast about Elon musk being unhinged and his erratic behavior because he fired and under performing team. I am very skeptical of Clark now I believe there’s some thing erratic about him

[@coldwater5707]

Yea really...Musk may be quirky but he certainly knows how to deliver and make things happen. Starship 4 seems to have been a success and the guy's rocket is headed literally for the moon in the next few years instead of that overpriced boondoggle NASA produced.

[@TELEVISIONARCHIVES]

I never heard him say that? Show me where?

[@dpporlando]

Crypto is crime right in the open pump and dump ponzi garboo. The fact institutions are semi legitimizing it is troublesome at best. This will not end well for mom and pop investors per usual.

[@juliejensen7370]

Crypto is terrible for the environment!

[@research1976]

Also washing machines. So what?

[@zyzzuschrist3410]

🤖 in the chat 💬

[@research1976]

Clark, you know nothing about Bitcoin. Read the white paper.

[@jamesbecker4326]

there is NO 4 year period where Bitcoin went down in value. It may have been lower at some point, but NEVER in any 4 year period has it been a bad investment. FYI in the last 5 years ATT stock is down 25% and Bitcoin is up 887%

[@dougprw1110]

What about 3 year period? 2 years?

[@jamesbecker4326]

@@dougprw1110 what about 5 days, 10 days, 30 days. are you a trader or and investor? It is generally recommended that you keep any investment 5 years.

[@mryoyo1234]

It's only bad if you bought the top, didnt endure the bear market and sold the low

[@jennifercarr6451]

My Crypto experience was that the exchange I had my wallet in closed overnight and stole everyone's $$$$$$, luckily it was only about $300 but lesson learned...

[@Clark]

Sorry you lost your money but glad it wasn't too much. 💚

[@SarahPhilips-yy5sq]

Very terrible platform