 Well, there's a lot of news to get top stories and crypto currency assets and break it out of bite-sized pieces today Instead of doing the news. We know what's going on the news. The news is nothing but fantastic The market is up Dramatically, I think we're around 39,000 40,000 something like that for a Bitcoin Alts are up looks like there might be a new alt season coming up And that was why I did that video yesterday, which I talked about The all my different holds in my portfolio where I thought everything was going was a big price prediction Which everybody seems to love except when I do it Because when I do it, I give the I get very conservative numbers And I know people want me to to really push things to the moon and and tell me that or tell them That's you know, Bitcoin's gonna be a million dollars tomorrow, but I just can't do it I think it's so stupid to predict I used to I did a video in my very early YouTube days You go watch it's like my first ones I did where I predicted XRP to like some enormous number and Obviously didn't come true. So these days and and it just makes sense to me just to do conservative things But it's not what I'm here for today today. I'm here for another reason what I want to talk to you about is is Because I think that we are on the precipice of what is about to happen as far as the crypto market to really Exploded and what that means is that if you're here right now and you're watching There's a pretty good chance that this might not be your first day of investing It's a pretty good chance you've been investing for quite some time Maybe like me been dollar-cost averaging over the last three to four years Or maybe you just got in in the last, you know, six months, but wherever you're at There's a pretty good chance that right now. We're at the beginning of what could be an enormous bull run I never got to experience the Excitement from 2016 when everybody went to that halving into 2017 when everything went like this big hockey stick like it was right here Then to the moon. I never got that because I was I started right here and then I went here and I went I went down like that. So I never got to experience 2016 Into 20 in the early days of 2017, but now I think we are I think we've gone through 2020 Which was let's be honest the crappiest year we could possibly go through And then now we're in the 2021. I think things are gonna be fireworks That's the best I can say it. So I think this is hope with this YouTube video age as well but I want to talk to you about before you make a crypto millions and what I did was I Had a blog post and I wrote this about six or seven months ago Actually digital Dave over at crazy for cryptos He asked me to do like a guest blog post and I said sure and I wrote it for his for his section for his patreon And then I later much later. I put it into my website, which is Dan teaches crypto comm hundred percent free Just sign up. It's free. Why not? So it's got all the all my information I have for like, you know, the basics what to do your own research Investment advice tips, which I just say what I do. I can't give you any advice. I'm not a financial planner obviously, but one of these things that I wrote about was before you make your crypto millions and I know right now a Lot of you probably aren't thinking I mean some of you were thinking like Hey, I'm a millionaire. What do I do? But some of you haven't really even thought about that yet Like what happens when you don't have to show up to work? What happens when money isn't really an issue? What happens when you get the drop that second or a third job and you can be at home with your kids all day long? Well, I will just tell you this I went through all of that stuff when And and I talked about this in the blog post First I start off with I talk about digital Dave's advice Which is the first thing I want to do is don't go out and blow it on a bunch of stupid stuff He says and he's got a really good point. He goes look just give it like six months or so and Then you know pay for all your bills everything else but don't go out and buy like the most crazy nice Lambo and The mansion because that's the kind of stuff that people do who win the lottery when they win the lottery I guess what happens in a couple of years. They're dead broke and or they're dead or They have some kind of craziness with their family who they're suing them for all these different types things So so don't do that. So they've got some pretty sound advice Which is look just pay off your bills and sit off for six months and then kind of hide out And then me I kind of take it like like a little bit of a step further And I started to talk about What it would be like when you actually make enough money to where you don't have to work because you right now I will tell you this I talked about this in the blog post. It's the same thing that happened to my friends Right now for coronavirus. They thought it'd be so fantastic like oh Rob You got the best life You just get to sit at home and you know work from home and do what you want whatever you want like it sucks It's not that great. You don't understand and they're like yeah, I guess sure So then when corona came around and they got furloughed At the first couple weeks like this is awesome. You're a filthy liar I'm like, okay, just wait and of course they waited and then you know a couple weeks later They call me up or they text me like that. It sucks There's like not much to do, you know because I already get my my work done or they're completely furloughed So they don't really know what to do. So really it comes down to this Pay off your bills, but you got to really start to think about right now Like what am I going to do and there's a good quote From Benjamin Franklin and he says money never made a man happy nor will it ever The more a man has the more he wants instead of filling a vacuum it creates one So just remember that that no amount of money will ever give you happiness And it really comes down to what you want to do with that now on this channel We talk about you know things, you know that I invest in and I don't give any advice But you know there's different things that I talk about and what to do You know crypto loans and we talked about that and Samsung and all those different things So but the real question then becomes what do I do when I have all this money? so I Will just tell you this there was this great book that I read called delivering happiness And it was by Tony Shay and he's the founder of zappos. Unfortunately Tony recently passed away in a crazy fire Very difficult to get all the right information, but the message that he had was pretty unique I read this book and he talks about look he goes when you make a bunch of money There's really three levels that you have the first one is the rock star level right rock star levels like when you can just you Know you have a bunch of money you can just do whatever you want to and get all your different needs and desires filled and it's pretty great Right, and then you you realize that there's only so much time you can do that before you really get burnt out Then you have a you find some kind of passion that you will lead you into the right way And that is what Tony did he started to do a lot of traveling a lot of film some charity work Philanthropy philanthropy Yeah, I can never say that word right and then of course the last one is as a higher purpose and meaning and Really you can take a look at that But even Alex Mishinsky had a even better saying which which went like this Someone to love something to do someone to look forward to so it's does it's like the perfect phrase, right? You have someone in your life that you know you love you have your your wife your spouse your kids everything else great And you're set you have something to do Like this job or like a little bit of a side hustle that you have or a YouTube channel something like that And then you have something to look forward to something that you know really drives you or Just something that you know you you look forward to like a going to someplace or being with someone or whatever else it is So these are the types of things you really want to think about Now because if if you don't then you start to just get stuck in this pleasure rock star moment And that is where like when everybody who comes into a lot of money, whether that be Through cryptocurrency whether that be through the lottery whether that be through a professional athlete And you hear about these professional athletes all the time NFL stands for not for long and then before you know what they have no money and there's nothing really to do so The first thing you want to do of course take care of yourself, but the second thing is What is my bigger purpose because I can't just sit around on a big lump of money and do absolutely nothing and I went through this when I stopped work I actually had separated for my wife and I was living in Las Vegas Not a bad place to be when you start up your own online business and now you don't have to work and you have a ton of money So what do you do anything you want to do and like we talked about it's pretty awesome at first but it gets real old real fast and Then before you know it you have to really find some kind of a passion now things worked out pretty well for me But I just encourage you to read this blog post Because it's all my mistakes and all my screw-ups and all the things that I wish someone would have told me When I you know came into a bunch of money, and I think that is what is about to happen with you Potentially who knows I can only tell you what where I think we're going. I think 2021 is gonna be a pretty great year And that is that is really the big thing that I wanted to get across right now Make sure you set yourself up for later because if you wait till you come in the money, then all of a sudden You're like, what happened? What do I do now? Alright, so that is that is the very first part That's a kind of a lofty question really what I should have done was actually start with this one because we had talked about Yesterday we had the see my predictions and One of the big ones I talked about was Voyager and I talked about how Voyager The the token and the exchange where I was likely to go I'm not telling you what to invest in I'm just telling you exactly what I'm gonna do and There was one piece that I actually left out on Voyager token and I and right now it's it when I made the video which was Yesterday it was at 29 cents and today it's at 45 cents and I think and actually I think it's gonna go much much higher I have a prediction of and this is I do conservative Numbers I swear like I gave you a Bitcoin prediction of 150,000 a theory in between five and ten thousand I think there's a way crazy numbers, but there was one the Voyager And I talk about exactly why this is it was at 29 cents. I think it's going to $30 So that seems outlandish doesn't it right, but if you take a look at it first of all the Circulating supply and max supply 222 million it's not that much and then if you take a look at the history What happened here? Not as far as this let's go to the max level so the history the Voyager token used to be up in the $12 range now it's at 29 cents and When I give you the reasons you know behind the CEO and what's going on I can definitely see this so with this type of token this could be you know One of the big ones that could drive you to that that next level, so I don't know what your holds are I don't know what what you have but again I think with 2021 as long as we don't do something goofy like sell a little bit too early Then I think things should work out now the next level I want to talk about are things to actually be aware of is Taxes I know people like taxes guy and his taxes. It's just something that you have to be aware of and This was an article that we talked about that the IRS is transitioning from education to enforcement And in the beginning they were kind of lightly hands-off and they had the you know Just the 1040 question which was have you purchased any virtual currency of this year and then if you said you know No, and you may know you did because you know KYC and AML They would write you a letter and say hey Pete. I guess what I know you put no But I think you meant to say yes, so let's let's let's rectify that now They're like you know what we're not gonna do any more and now it's gonna be penalties and fines and jail times and that is what this article talks about so That is a bummer and then there was a new article that just came out from crypto trader tax and that 1040 form where it used to be buried is now in the front of the tax forms for you for United States citizens and and again if If you're not a United States citizen, just just hold on and talk to you if you're in South Korea and potentially in Europe in a second so with that one now they have changed some things and they put it front and center and also to make sure that you know Exactly what it is. They have like a little section which really gives a definition a very clear definition of what they consider a virtual currency and hint hint It really is cryptocurrency So they are really gonna go after it this this year and I just want to make sure that you are prepared Which leaves me To my last point, which is this Oops at that one this one so first of all I want to I don't do many promotions on this channel I usually just do affiliate links and that is it, but I want to say thank you to crypto trader tax they are promoting this video and They this is only for you to United States citizens. So I say this is the last if you are looking for a Pretty good program. Not a pretty great program. I've been using this. This will be my second year I use this last year. It saved me sixteen thousand dollars in tax loss harvesting. It was super simple They have an API integration into all the big exchanges even the small exchanges Yes, you set it up between the learning curve Which is me learning what the heck of why I was doing to actually printing out the file of the form to my CPA it was 30 minutes. I was amazing So I just did it click-click-click and then off it went The accountant came back to me says hey congratulations You saved sixteen thousand dollars in all these different crappy trades that you did in the beginning That was me. So if you will two things first of all There's a link in the description where you can sign up for perpetrator tax also right next that link is this website Where you can enter to win a free unlimited tax report and they're giving away one free every single week So all you gotta do is just put in your first name and email and just click on there and they'll draw it now If you don't win because hey, you know, it's only one just remember you get a pretty good discount Just for Dan viewers and lastly, let me say this. It's not just the United States citizens Just so you know The South Korean government is gonna start taxing crypto in 2022 So I think this is gonna be more of a thing especially as we just saw a massive amount of money printing So where are they going to squeeze people? Well, probably taxes Do I think that all taxes are gonna, you know eliminate this debt? No, but it's a great place to start for the governments and they sure will want to do that So just real quick. Just so you know, this is what's because South Korea was one of those places where they're like hands-off and everything else And then all of a sudden like, you know what? Maybe we should do this So Letters later notice details that the amendments will be enacted in February and profits from buying and selling cryptos in South Korea Will be taxed at 20% However, the rules of is applicable to only to crypto holders with annual income of over 2.5 million One I was like, well, that's pretty good 2.5 million one You know how much 2.5 million one is in US dollars 2300 bucks So everything over 2300 bucks 20% tax and that is it new rule will apply in 2022 Transactions of listed shares will also be part of the 20% tax for profits of over 50 million won annually And that's like 32,000 bucks or something like that So if it's happening in South Korea, which was like one of the the most lax countries For taxing just get ready for wherever you are at to get a living Tar taxed out of you and that's really how it is. So if crypto trader tax was in other countries I'd recommend that to you, but they're only for the United States and That is the big thing Lastly, I would just want to say this That's not it It's not either where to go. There it is. Haha. So we just hit 90,000 subscribers I want to say thanks to everybody who has signed up and been a subscriber and anybody who has actually Come through and watch the channel. I really appreciate it when we started this channel. I didn't think it was just The thing we just talked about as far as what to do when you you know, you make all the money You don't have to really work too much This was kind of like me like my business is kind of run an autopilot and some people say well That'd be fantastic. Well, it is if you work in three jobs and you got 20 kids howling at you Yeah, of course, but there's the opposite side of the spectrum where you want to just think to yourself Well, what can I do to really help people to get a message out? I think this was the best way because Financial freedom It's not so much about happiness But it's it's like giving you freedom to do whatever the hell you want when you want with with with whomever you want to As long as they're as long as they're with you and on that wavelength. So it's not just about happiness It's just about putting you into a better mindset to where you can live your Really, I know it's cliche your best life. So that is it. So thanks everybody who was signed up I really appreciate it and that is it for today. So thanks for listening. I know it's a little bit long But I think in the long run, hopefully this video ages well It will be a little bit Of a better thing going forward to tomorrow and it'll help you not make the same screw mistakes that I made I will link that blog post in the description and that is it. So thanks so much and I'll see you on the next one