Protecting wealth is paramount. Below is part of the transcript for you.
Hello and welcome to another edition of the midlife journal with myself Lee Taylor it's Valentine's day tomorrow so today I am going to be getting the house or decorating the lounge or decorated at least into a love lounge. So, my partner and I, and the kids can do something really special together tomorrow to celebrate Valentine's Day, you know, not a typical day for us normally would try to go out and do something and have a have a nice meal in the evening. But as you know, restaurants or shop, you know we're not allowed to go out and socialise and in joy ourselves anymore so we have to make do, and come up with alternatives so it's gonna be a different Valentine's but special nonetheless I'm really really looking forward to it. So, that's my morning sorted out I've got to go to collect some bits and bobs and come back and get everything done and ready for tomorrow. But today is all about money, you know, I want to talk a bit more about money, you know we talked about money problems come on yesterday you know the problems we have when we don't have money, the problems we have when we do have money, you know, and money doesn't solve your problems, you know, in my experience, it makes life easier. But if you, if you don't protect your wealth and if you don't have strategies in place. Then, actually, it can add to your problems you know the more money you get the more worry you have, because, you know, things can escalate quite quickly, especially if you invested in getting it right. And you've accumulated a lot of wealth, very quickly. Your life can change it can change considerably. And you've really got to think about how you're going to deal with that and how you're going to offset the problems that do come with having money and you know, I've had money in the past and I've had problems and I've not always dealt with it. The best way so luckily on the course I'm doing at the moment, they're talking a lot about this and I do, I do empathise with it a lot because I've been there, and I'm excited to sort of be learning about the way they're setting up their investments so I can sort of copy and and put their, their teachings into place to protect myself in the future and make sure I don't stress and strain over what's going to be happening because, you know, I can see the wealth building up quickly. You know, I think I said, you know, I've been buying for a while just basically as a hobby. And it's built up and it's built up a lot, and I look at my account sometimes and I'm like, Whoa, that's not frightening, you know it's it's scary how quickly it's built built up. And don't get me wrong I'm very very happy about it but it does give you, it does give you problems for instance, one of the problems I had was when I first started buying the kryptos I just left everything on the exchanges, what I did is probably what most people do. You know I just bought it left it on the exchange didn't worry about it. And then I started to learn about, you know, people getting hacked and you're losing your money and you really got to store it on a cold wallet to make sure it's it's safe. So that was a worry straightaway, you know, bloody hell if this happens I've lost everything is going to be a nightmare so I had to teach myself how to, how to transfer everything over and that was a worry transferring over Did I do it right. Did I do it wrong, you know that you got that lag between sending the money and receiving it and it's horrible. You know it's literally horribly 10 minutes sometimes for it to hit your screen and sites they are and all that time especially doing it for the first time I did a little bit to start off with just to make sure you know,
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but even that not nice you know really really not nice and then it hits your account and. Oh, you've got a sigh of relief so you know these things can be quite stressful a
