Digital Currencies

I have struggled to put together a summary of Bitcoin and other digital currencies that might help people think about how it might be used in their own financial plans. 

However, a good friend of mine from South Dakota - Rick Kahler, CFP® - published an article this week that really helped. I have some additional thoughts on this, but for now there’s no need to muddy the water any further.

Food for thought: “If the perfect currency were to fall from the sky, no one would become instant billionaires.”

Happy reading!

** All written content is for information purposes only. Material presented is believed to be from reliable sources. No representations are made by our firm as to another parties’ informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. ** 

Thought Experiment: Energy

The other day I was sitting at my desk thinking (as I often do), and I caught myself wondering: 

What would the world look like if we had super cheap, abundant clean energy?

It's a thought that keeps circulating in my brain, so let's think out loud together...

How long would it take if we found that "magic" energy source today? Let's say we could literally have free, clean, abundant H2O.

What would the world look like? What would work look like?

Well, the cost of everything would go down, that's for sure. Some things drastically (except debt).

The earth could certainly be renewed more quickly. We'd still be constrained by all the other resources, but it would give greater access to recycling and those harder to reach options.

And who would fight against this energy source?

Most people would work less and still have a higher quality of life...

I think ultimately we have to ask ourselves which we value more: stuff or spirit?

** All written content is for information purposes only. Material presented is believed to be from reliable sources. No representations are made by our firm as to another parties’ informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. **