1 00:00:05,200 --> 00:00:07,920 Speaker 1: Hey, this is Annie and Samantha. I don't come to stuff. 2 00:00:07,920 --> 00:00:18,959 Speaker 1: I never told your protection of I heart Radio. Annie. 3 00:00:18,960 --> 00:00:22,520 Speaker 1: Before we start this, I need to ask you because 4 00:00:22,680 --> 00:00:24,479 Speaker 1: I've been thinking about this for a minute and I 5 00:00:24,600 --> 00:00:26,720 Speaker 1: realized how little I know about all these things. But 6 00:00:27,040 --> 00:00:34,120 Speaker 1: when did you start actually having a savings account? Oh? I, 7 00:00:34,120 --> 00:00:37,680 Speaker 1: I guess if we're talking like a traditional at a 8 00:00:37,760 --> 00:00:42,840 Speaker 1: bank savings account tenth grade, if we're talking about like 9 00:00:43,640 --> 00:00:48,680 Speaker 1: piggy bank level saving from when I was four years old, right, 10 00:00:49,080 --> 00:00:51,640 Speaker 1: very much saving money got you? Let me let me 11 00:00:51,640 --> 00:00:54,040 Speaker 1: talk about investing, so you you kind of figured out 12 00:00:54,400 --> 00:00:57,320 Speaker 1: about saving money because I did not save money really well, 13 00:00:57,360 --> 00:01:00,000 Speaker 1: and I truly did not have a good savings accoun 14 00:01:00,000 --> 00:01:04,440 Speaker 1: out until recently because I was living paycheck by paycheck. 15 00:01:04,959 --> 00:01:07,400 Speaker 1: But within all of this and some of the things 16 00:01:07,400 --> 00:01:10,680 Speaker 1: that I've learned through our economic stuff is trying to 17 00:01:10,680 --> 00:01:14,480 Speaker 1: figure out how to invest in what that means? When 18 00:01:14,480 --> 00:01:16,920 Speaker 1: did you start learning or have you ever really learned 19 00:01:16,920 --> 00:01:21,560 Speaker 1: about investing in investments? I started learning in eleventh grade, 20 00:01:21,680 --> 00:01:26,679 Speaker 1: and I think this is an unfortunate story, but I 21 00:01:26,880 --> 00:01:30,120 Speaker 1: at the time I loved math um, I loved calculus. 22 00:01:30,480 --> 00:01:32,960 Speaker 1: But I have been told you're never going to get 23 00:01:33,000 --> 00:01:37,000 Speaker 1: a man if you're too smart in math. So my 24 00:01:37,240 --> 00:01:40,679 Speaker 1: in eleventh grade, I had the choice of taking Calculus 25 00:01:40,760 --> 00:01:44,240 Speaker 1: or math moneyed Management, and I took Math money management 26 00:01:44,280 --> 00:01:48,200 Speaker 1: because I thought it would be cooler. Um, it was 27 00:01:48,280 --> 00:01:51,560 Speaker 1: more more women took that class. And I'm not saying 28 00:01:51,640 --> 00:01:55,160 Speaker 1: that that wasn't useful, because it was. We learned about taxes, 29 00:01:55,160 --> 00:01:57,920 Speaker 1: and we learned about investing, and we learned about buying 30 00:01:57,920 --> 00:01:59,800 Speaker 1: a house and all that kind of stuff, but it 31 00:01:59,880 --> 00:02:03,360 Speaker 1: was just kind of very gendered and weird. Yeah, yeah, 32 00:02:03,400 --> 00:02:08,400 Speaker 1: for sure. I so that was helpful. I think I probably, 33 00:02:08,760 --> 00:02:11,239 Speaker 1: and I know you and I discussed this recently. There 34 00:02:11,240 --> 00:02:13,600 Speaker 1: were a lot of gaps in my knowledge though that 35 00:02:13,680 --> 00:02:18,240 Speaker 1: have like only very recently been filled. Like we were 36 00:02:18,240 --> 00:02:20,839 Speaker 1: talking about, I didn't know what the heck was going 37 00:02:20,880 --> 00:02:23,680 Speaker 1: on with credit scores or like why you got punished, 38 00:02:24,160 --> 00:02:26,560 Speaker 1: which is a very problematic system. I'm not saying that 39 00:02:26,639 --> 00:02:30,680 Speaker 1: it's good, but right I didn't even really understand that. 40 00:02:31,400 --> 00:02:35,320 Speaker 1: And I've definitely had people who are better at finance 41 00:02:35,360 --> 00:02:40,680 Speaker 1: than me tell me I'm not making the best use 42 00:02:40,680 --> 00:02:42,720 Speaker 1: of my money as I'm saving, But I kind of 43 00:02:42,720 --> 00:02:44,400 Speaker 1: hate that whole idea I wish we didn't have to 44 00:02:44,400 --> 00:02:47,560 Speaker 1: get make our money work for us, quote, just to 45 00:02:47,760 --> 00:02:51,960 Speaker 1: like retire at a reasonable age and not be living 46 00:02:52,160 --> 00:02:54,799 Speaker 1: on the edge of poverty. Yeah, And I find that 47 00:02:54,880 --> 00:02:57,079 Speaker 1: very interesting, especially you talking about those classes, because I've 48 00:02:57,080 --> 00:03:01,799 Speaker 1: never calculus obviously, but it's never been offered money management class, 49 00:03:01,840 --> 00:03:04,600 Speaker 1: and I really wish I had. I know, at one 50 00:03:04,600 --> 00:03:06,520 Speaker 1: point in time, there was a moment where we talked 51 00:03:06,560 --> 00:03:09,800 Speaker 1: about checkbooks and how to write the check and I 52 00:03:09,840 --> 00:03:12,680 Speaker 1: thought that was so cool. Now we don't even use 53 00:03:12,680 --> 00:03:15,960 Speaker 1: them anymore. But essentially like that was the lesson that 54 00:03:16,000 --> 00:03:19,240 Speaker 1: we learned. And then as I started to go into 55 00:03:19,680 --> 00:03:23,720 Speaker 1: the work world, I went into of course government and 56 00:03:23,720 --> 00:03:28,160 Speaker 1: we don't necessarily do stocks. They do the the regular 57 00:03:28,200 --> 00:03:30,520 Speaker 1: investment that you really don't know what's happening is being 58 00:03:30,560 --> 00:03:33,560 Speaker 1: matched and you're told is there and I'm like, Coco cold, 59 00:03:33,680 --> 00:03:36,120 Speaker 1: what is world one? K, I have no idea. And 60 00:03:36,160 --> 00:03:40,120 Speaker 1: then finding my parents had done all this investment and 61 00:03:40,160 --> 00:03:43,120 Speaker 1: then the crash that happened and I believe and they 62 00:03:43,160 --> 00:03:46,080 Speaker 1: lost all of their money and all their retirement. And 63 00:03:46,120 --> 00:03:50,240 Speaker 1: then coming into this industry where we are connected to 64 00:03:50,520 --> 00:03:55,320 Speaker 1: a specific brokerage account, investment account or company rather and 65 00:03:55,360 --> 00:03:57,320 Speaker 1: being told you have to invest in these stocks that 66 00:03:57,360 --> 00:03:59,760 Speaker 1: are not stable, and I'm very angry. I'm trying to 67 00:03:59,760 --> 00:04:01,880 Speaker 1: figure why am I having to do this, but being 68 00:04:01,880 --> 00:04:04,520 Speaker 1: told that if we don't venture out and just do bonds, 69 00:04:04,800 --> 00:04:07,560 Speaker 1: you might not get any money that you want. Also, 70 00:04:07,960 --> 00:04:09,960 Speaker 1: bonds can you can also lose money? And I'm like, 71 00:04:09,960 --> 00:04:13,800 Speaker 1: wait what? So I'm very confused. I'm very angry at 72 00:04:13,800 --> 00:04:16,080 Speaker 1: the system. That's a whole different thing. But that's the 73 00:04:16,120 --> 00:04:18,760 Speaker 1: reason I was thinking about all of this. Well, you 74 00:04:18,839 --> 00:04:21,119 Speaker 1: and I've been talking a little bit about the world 75 00:04:21,160 --> 00:04:25,159 Speaker 1: of finance and the world of investments, and it's complicated. 76 00:04:25,240 --> 00:04:30,600 Speaker 1: It's a complicated world and to me, obviously, very freaking confusing. 77 00:04:31,000 --> 00:04:35,000 Speaker 1: I am so confused. Even after all the research that 78 00:04:35,040 --> 00:04:37,200 Speaker 1: we have we have done for this episode, I'm still 79 00:04:37,240 --> 00:04:40,360 Speaker 1: thoroughly confused. I think I know one person more than before. 80 00:04:41,720 --> 00:04:44,400 Speaker 1: I think it's a common mindset in this conversation, though 81 00:04:44,640 --> 00:04:48,000 Speaker 1: maybe so so um. But it's a world that hasn't 82 00:04:48,040 --> 00:04:52,040 Speaker 1: been overly welcoming for others outside of this cys hetero 83 00:04:52,200 --> 00:04:55,400 Speaker 1: white man. And we know this, but there are those 84 00:04:55,400 --> 00:04:59,159 Speaker 1: who have been changing that, including this newer world of 85 00:04:59,279 --> 00:05:06,960 Speaker 1: crypto and in f TS, right right, right, oh boy, okay, 86 00:05:07,320 --> 00:05:09,679 Speaker 1: so yes, of course we wanted to take a deeper 87 00:05:09,720 --> 00:05:12,000 Speaker 1: look at women and the world of investing because this 88 00:05:12,080 --> 00:05:15,880 Speaker 1: is such a big topic of conversation right now. As 89 00:05:15,920 --> 00:05:18,960 Speaker 1: we said recently, we did venture out to the movie 90 00:05:19,000 --> 00:05:21,800 Speaker 1: theater and got a good chuckle out of a very 91 00:05:21,920 --> 00:05:26,680 Speaker 1: dramatic Matt Damon crypto commercial. Right as a fellows the 92 00:05:26,720 --> 00:05:29,719 Speaker 1: fact that Reese Witherspoon is tweeting about things and putting 93 00:05:29,720 --> 00:05:33,160 Speaker 1: on Instagram, and then Mila Kuna is talking about her 94 00:05:33,360 --> 00:05:37,120 Speaker 1: n f T animated stuff. Uh yeah, yeah, it's kind 95 00:05:37,120 --> 00:05:40,120 Speaker 1: of everywhere right now. But if you're like us and 96 00:05:40,160 --> 00:05:43,479 Speaker 1: you're a little confused, let's start with some definitions so 97 00:05:43,520 --> 00:05:46,080 Speaker 1: we can get on the same page here. So, the 98 00:05:46,120 --> 00:05:50,400 Speaker 1: stock market or stock exchange, as defined by Investipedia it quote, 99 00:05:50,440 --> 00:05:53,120 Speaker 1: refers to the collection of exchanges and other values where 100 00:05:53,120 --> 00:05:55,800 Speaker 1: the buying, selling, and issuance of shares of publicly held 101 00:05:55,839 --> 00:06:00,279 Speaker 1: companies take place. Such financial activities are conducted through institutionalized 102 00:06:00,320 --> 00:06:03,640 Speaker 1: formal exchanges, whether physical or electronic, are via over the 103 00:06:03,680 --> 00:06:08,640 Speaker 1: counter OTC marketplaces that operate under a defined set of regulations. 104 00:06:09,680 --> 00:06:14,000 Speaker 1: And then cryptocurrency according to Investopedia is quote a digital 105 00:06:14,080 --> 00:06:17,360 Speaker 1: or virtual currency that is secured by cryptography, which makes 106 00:06:17,360 --> 00:06:21,000 Speaker 1: it nearly impossible to counterfeit or double spend. Many cryptocurrencies 107 00:06:21,040 --> 00:06:24,840 Speaker 1: are decentralized networks based on blockchain technology, a distributed to 108 00:06:24,920 --> 00:06:28,000 Speaker 1: leger enforced by a disparate network of computers. A defining 109 00:06:28,040 --> 00:06:30,800 Speaker 1: feature of cryptocurrencies is that they are generally not issued 110 00:06:30,800 --> 00:06:35,000 Speaker 1: by any central authority, rendering rendering them theoretically immune to 111 00:06:35,080 --> 00:06:39,360 Speaker 1: government interference or manipulation, which, by the way, has been changing. 112 00:06:40,080 --> 00:06:44,240 Speaker 1: Oh not necessarily that the government are part of it, 113 00:06:44,320 --> 00:06:47,279 Speaker 1: but big corporations and companies are started to buy into it. 114 00:06:47,360 --> 00:06:51,400 Speaker 1: So that's making it, to me institutionalized, but whatever. And 115 00:06:51,480 --> 00:06:53,000 Speaker 1: going with that, we kind of wanted to come back 116 00:06:53,000 --> 00:06:55,520 Speaker 1: to blockchain because I'm like, what is this? Uh? It 117 00:06:55,680 --> 00:06:58,760 Speaker 1: is a distributed database that is shared among the nodes 118 00:06:58,800 --> 00:07:01,600 Speaker 1: of computer network. Yes, this is all from investi pedia. 119 00:07:02,120 --> 00:07:04,359 Speaker 1: So if you're wondering, because I'm like, it keeps popping up, 120 00:07:04,400 --> 00:07:07,520 Speaker 1: they seem to know a lot. Okay, cool cool cool um. 121 00:07:07,880 --> 00:07:11,640 Speaker 1: As a database, a block chain stores information electronically in 122 00:07:11,760 --> 00:07:15,480 Speaker 1: digital format. Blockchains are best known for the crucial role 123 00:07:15,560 --> 00:07:19,080 Speaker 1: in cryptocurrency systems such as a bitcoin, for maintaining a 124 00:07:19,200 --> 00:07:23,360 Speaker 1: secure and decentralized record of transactions. The innovation with the 125 00:07:23,400 --> 00:07:26,560 Speaker 1: blockchain is that it guarantees the fidelity and security of 126 00:07:26,600 --> 00:07:29,600 Speaker 1: a record of data and generates trust without the need 127 00:07:29,720 --> 00:07:33,400 Speaker 1: of a trusted third party. And apparently anyone commit one. 128 00:07:34,320 --> 00:07:36,560 Speaker 1: Well it's kind of weird. Yeah, it's according to how 129 00:07:36,640 --> 00:07:38,640 Speaker 1: you do it. This is why we have some random 130 00:07:38,640 --> 00:07:41,080 Speaker 1: like cat coins and dot poins and I don't understand. 131 00:07:41,320 --> 00:07:43,840 Speaker 1: So then there's also defy, which I had to come 132 00:07:43,840 --> 00:07:47,119 Speaker 1: back to us. What is this which is uh decentralized 133 00:07:47,240 --> 00:07:51,400 Speaker 1: finance and is quote an emerging financial technology based on 134 00:07:51,520 --> 00:07:55,920 Speaker 1: secure distributed A ledgers similar to those used by cryptocurrencies. 135 00:07:56,160 --> 00:07:59,920 Speaker 1: The system removes the control banks and institutions have on money, 136 00:08:00,160 --> 00:08:03,480 Speaker 1: financial products, and financial services. So all of this is 137 00:08:03,520 --> 00:08:06,040 Speaker 1: supposed to be for cryptocurrencies that we can do it 138 00:08:06,080 --> 00:08:10,520 Speaker 1: as a community without institutions, putting it simply. And then 139 00:08:10,600 --> 00:08:13,280 Speaker 1: we're also going to talk about in f t s 140 00:08:13,760 --> 00:08:18,960 Speaker 1: or non fungible tokens, which are quote cryptographic assets on 141 00:08:19,000 --> 00:08:23,360 Speaker 1: a blockchain with a unique identification codes and metadata that 142 00:08:23,400 --> 00:08:27,720 Speaker 1: distinguished them from each other. Unlike cryptocurrencies, they cannot be 143 00:08:27,760 --> 00:08:32,760 Speaker 1: traded or exchanged at equivalency. This differs from fungible tokens 144 00:08:33,200 --> 00:08:36,959 Speaker 1: like cryptocurrencies, which are identical to each other and therefore 145 00:08:37,040 --> 00:08:43,080 Speaker 1: can be used as a medium for commercial transactions. Yes, yes, 146 00:08:43,320 --> 00:08:45,800 Speaker 1: there was an S n L sketch for a while 147 00:08:45,840 --> 00:08:49,040 Speaker 1: back for Pete Davison did it. He does these parodies 148 00:08:49,080 --> 00:08:51,000 Speaker 1: of M and M videos, and he did one on 149 00:08:51,120 --> 00:08:53,640 Speaker 1: n F T S and funnily enough, I've never heard 150 00:08:53,679 --> 00:08:56,880 Speaker 1: the original song. I've only heard this parody, but it's 151 00:08:56,880 --> 00:09:00,440 Speaker 1: been stuck in my head entire I am them trying 152 00:09:00,480 --> 00:09:03,920 Speaker 1: to win n F D S. But okay, because we 153 00:09:04,040 --> 00:09:05,800 Speaker 1: like to be thorough, let's do a bit of a 154 00:09:05,840 --> 00:09:09,240 Speaker 1: history lesson. The first noted stock market or exchange was 155 00:09:09,320 --> 00:09:11,920 Speaker 1: established in the sixteen hundreds in Amsterdam, with the Dutch 156 00:09:11,920 --> 00:09:15,800 Speaker 1: East India Company as the first publicly traded company UM, 157 00:09:15,840 --> 00:09:17,640 Speaker 1: and it didn't come to the US until the seventeen 158 00:09:17,720 --> 00:09:21,560 Speaker 1: hundreds through the Buttonwood Trade Agreement, which would later be 159 00:09:21,640 --> 00:09:25,640 Speaker 1: formed to be the New York Stock Exchange. Of course, 160 00:09:25,760 --> 00:09:27,880 Speaker 1: there were an arm any twist in turns with the 161 00:09:27,880 --> 00:09:31,600 Speaker 1: stock exchange and market, which was handled by men, of course, 162 00:09:31,760 --> 00:09:36,959 Speaker 1: including several crashes, including just recently due to the coronavirus 163 00:09:37,040 --> 00:09:40,080 Speaker 1: and bt dubs. The first woman to ever be part 164 00:09:40,120 --> 00:09:42,320 Speaker 1: of the n y s E the New York Stock 165 00:09:42,360 --> 00:09:45,960 Speaker 1: Exchange was a Muriel Mickey Siebert who was known as 166 00:09:46,000 --> 00:09:49,240 Speaker 1: the first woman of Finance, and she made her way 167 00:09:49,320 --> 00:09:51,880 Speaker 1: into the Covenant n y s E after being tired 168 00:09:51,920 --> 00:09:54,840 Speaker 1: of not making as much money as the men around her, 169 00:09:55,120 --> 00:09:57,480 Speaker 1: and she bought herself a seat with them thanks to 170 00:09:57,520 --> 00:10:00,160 Speaker 1: the advice of her investor friend, which was like out, 171 00:10:00,160 --> 00:10:02,440 Speaker 1: I make more money, um, and she was able to 172 00:10:02,480 --> 00:10:04,720 Speaker 1: do so after finding a sponsor to help her apply 173 00:10:04,760 --> 00:10:07,120 Speaker 1: for a siege, which by the way, took ten different 174 00:10:07,160 --> 00:10:10,480 Speaker 1: asks before she got it yes, and having to receive 175 00:10:10,480 --> 00:10:13,000 Speaker 1: a loan from a major bank which took two years 176 00:10:13,040 --> 00:10:15,760 Speaker 1: for her to get and on December twenty eight, nineteen 177 00:10:15,840 --> 00:10:18,559 Speaker 1: sixty seven, she got a seat um and she remained 178 00:10:18,600 --> 00:10:20,800 Speaker 1: the only woman to be on the Stock Exchange for 179 00:10:20,840 --> 00:10:24,280 Speaker 1: the next ten years. She would later become the first 180 00:10:24,360 --> 00:10:27,640 Speaker 1: female New York Superintendent of Banking in nineteen seventy seven. 181 00:10:28,520 --> 00:10:31,679 Speaker 1: And the concept of digital money has been around for 182 00:10:31,679 --> 00:10:33,960 Speaker 1: a little while now, but the currency that most people 183 00:10:34,000 --> 00:10:38,920 Speaker 1: recognize is cryptocurrency and many experts, shall we say, point 184 00:10:38,960 --> 00:10:43,079 Speaker 1: to Bitcoin is the first established cryptocurrency, and the history 185 00:10:43,080 --> 00:10:46,720 Speaker 1: of bitcoin is kind of uncertain. Apparently, Bitcoin, or like 186 00:10:46,760 --> 00:10:49,640 Speaker 1: the idea of bitcoin, was written about in two thousand 187 00:10:49,600 --> 00:10:53,400 Speaker 1: and eight by someone using the pseudonym of Satashi Nakamoto, 188 00:10:53,480 --> 00:10:56,160 Speaker 1: who was thought to be a programmer or maybe a 189 00:10:56,160 --> 00:10:59,160 Speaker 1: group of programmers. It was first created in two thousand nine, 190 00:10:59,160 --> 00:11:02,760 Speaker 1: though bitcoin and was the only crypto for the first 191 00:11:02,760 --> 00:11:05,400 Speaker 1: couple of years, and the it was known and was 192 00:11:05,440 --> 00:11:07,800 Speaker 1: being used for some things. It was only worth a 193 00:11:07,800 --> 00:11:12,319 Speaker 1: few cents and initially crashed. However, in it was worth 194 00:11:12,559 --> 00:11:14,959 Speaker 1: so much more. And I had a friend, I think 195 00:11:15,000 --> 00:11:17,160 Speaker 1: a lot of us have this friend who was in it. 196 00:11:17,200 --> 00:11:20,040 Speaker 1: At the beginning, we were all kind of like mmmm, 197 00:11:20,800 --> 00:11:23,199 Speaker 1: and then he ended up making a lot of money. Yeah, 198 00:11:23,520 --> 00:11:24,920 Speaker 1: I don't know if he did. So I had to 199 00:11:24,920 --> 00:11:27,000 Speaker 1: come back and ask because he used to get onto 200 00:11:27,200 --> 00:11:30,000 Speaker 1: us and twenties things like you need to buy you 201 00:11:30,000 --> 00:11:31,839 Speaker 1: need to buy my bots on my boss and of 202 00:11:31,880 --> 00:11:33,400 Speaker 1: course they're like a few cents. At that point We're 203 00:11:33,400 --> 00:11:35,839 Speaker 1: like okay, cool, cool, cool. And then last year I 204 00:11:36,160 --> 00:11:38,600 Speaker 1: was like, oh my god, what is worth like ten 205 00:11:38,640 --> 00:11:40,800 Speaker 1: thousand dollars? And I was like wait what, And so 206 00:11:40,880 --> 00:11:44,240 Speaker 1: I never did find out. Yeah, yeah, well I don't 207 00:11:44,280 --> 00:11:47,320 Speaker 1: know in this case where my friend ultimately ended up, 208 00:11:47,320 --> 00:11:49,959 Speaker 1: but I know for a while he was riding high 209 00:11:50,679 --> 00:11:52,760 Speaker 1: and made a lot of money and we were all 210 00:11:52,840 --> 00:11:56,760 Speaker 1: kind of like, oh wow, okay um. And one of 211 00:11:56,880 --> 00:12:01,200 Speaker 1: bitcoin's appeals was the peer to peer aspect of decentralized 212 00:12:01,240 --> 00:12:04,360 Speaker 1: networking that was supposed to be outside of government control. 213 00:12:04,440 --> 00:12:07,400 Speaker 1: Really interesting two parter from Behind the Bastards that you 214 00:12:07,400 --> 00:12:10,160 Speaker 1: can check out to learn more about that. Yeah, it 215 00:12:10,200 --> 00:12:13,880 Speaker 1: was quite funny to listen to them read it from 216 00:12:14,280 --> 00:12:17,160 Speaker 1: uh y'all. I just I listened to those episodes and 217 00:12:17,200 --> 00:12:19,560 Speaker 1: I still don't know what's happening. I'm gonna put that 218 00:12:19,559 --> 00:12:23,080 Speaker 1: out there. So cryptocurrency continues to grow. As of this 219 00:12:23,160 --> 00:12:26,200 Speaker 1: month January two. Just in case you were wondering, there 220 00:12:26,200 --> 00:12:29,040 Speaker 1: are more than eight thousand types of crypto. Y'all. Remember 221 00:12:29,160 --> 00:12:31,920 Speaker 1: dose coins, which apparently is still a thing, And though 222 00:12:31,920 --> 00:12:34,240 Speaker 1: the value isn't supposed to be affected by the stock 223 00:12:34,280 --> 00:12:38,000 Speaker 1: exchange recent it is, it seems like it's being affected 224 00:12:38,080 --> 00:12:40,120 Speaker 1: because a lot of the stock has gone down recently, 225 00:12:40,559 --> 00:12:42,600 Speaker 1: so has the value of some of the cryptocurrency. So 226 00:12:42,640 --> 00:12:46,000 Speaker 1: it makes me wonder it doesn't really not mur murmur, 227 00:12:59,720 --> 00:13:02,400 Speaker 1: So how did n f T s become a thing? 228 00:13:02,600 --> 00:13:04,800 Speaker 1: So we want to go ahead and jump right into 229 00:13:05,600 --> 00:13:10,280 Speaker 1: Andy and I have talked about off Mike. This crypto, 230 00:13:10,520 --> 00:13:13,600 Speaker 1: n f T and other new digital investments are things 231 00:13:13,720 --> 00:13:16,240 Speaker 1: we may know as a concept, but we have a 232 00:13:16,360 --> 00:13:19,480 Speaker 1: hard time explaining. And even the concept still kind of 233 00:13:19,480 --> 00:13:22,800 Speaker 1: flies over my head. Uh yeah, actually again for me, 234 00:13:23,040 --> 00:13:27,840 Speaker 1: the pragmatist and fairly literal in everything, I've had to 235 00:13:27,880 --> 00:13:30,040 Speaker 1: explain to me a lot I listened to these episodes. 236 00:13:30,400 --> 00:13:33,360 Speaker 1: I'm still really confused to what the hell is happening here. 237 00:13:33,440 --> 00:13:36,200 Speaker 1: But okay, I'm gonna trying to give you some background 238 00:13:36,200 --> 00:13:41,839 Speaker 1: on it as we've researched it. I like that I 239 00:13:41,920 --> 00:13:43,959 Speaker 1: set it up pretty much just like, yeah, you might not, 240 00:13:44,360 --> 00:13:46,959 Speaker 1: we may not have this right, sorry, but this is 241 00:13:47,000 --> 00:13:49,920 Speaker 1: what we read. So one of the bigger slash new 242 00:13:50,000 --> 00:13:54,480 Speaker 1: er cryptocurrencies is Ethereum. Weirdly I have invested in Uh, 243 00:13:54,559 --> 00:13:56,760 Speaker 1: it doesn't look so good today, not a lot. I 244 00:13:56,760 --> 00:13:57,959 Speaker 1: didn't put a lot of money in it, but I 245 00:13:58,000 --> 00:14:01,400 Speaker 1: was like, okay, why not? Which offers a more quote 246 00:14:01,559 --> 00:14:05,720 Speaker 1: versatile platform according to a Forbes article, and this allows 247 00:14:05,720 --> 00:14:08,640 Speaker 1: for something called smart contracts, which are codes that are 248 00:14:08,640 --> 00:14:12,280 Speaker 1: a quote connected to a digital asset that confirms the 249 00:14:12,360 --> 00:14:17,520 Speaker 1: asset as individually, unique, traceable, and verifiable. Again, this is 250 00:14:17,559 --> 00:14:21,040 Speaker 1: from Forbes, and this is all supposed to be unhackable 251 00:14:21,480 --> 00:14:25,240 Speaker 1: and can't be replicated completely one of a kind. And 252 00:14:25,400 --> 00:14:27,040 Speaker 1: the n f T s are attached to some of 253 00:14:27,080 --> 00:14:31,040 Speaker 1: these smart contracts. And to put it simply quote, the 254 00:14:31,120 --> 00:14:33,880 Speaker 1: new monetary system is crypto, and then n f t 255 00:14:33,960 --> 00:14:38,080 Speaker 1: s are digital goods you buy with that crypto, typically 256 00:14:38,160 --> 00:14:44,320 Speaker 1: with ethereum. Okay, okay, well, um, when did n f 257 00:14:44,360 --> 00:14:47,000 Speaker 1: T s start popping up? Um? We thought the origins 258 00:14:47,000 --> 00:14:49,080 Speaker 1: would be fairly easy to find since it is all 259 00:14:49,120 --> 00:14:53,040 Speaker 1: based on data and the interwebs, But it seems that 260 00:14:53,800 --> 00:14:59,080 Speaker 1: maybe we aren't asking the question correctly. According to different 261 00:14:59,080 --> 00:15:02,320 Speaker 1: sites and blogs, there are different lists and first one 262 00:15:02,400 --> 00:15:05,800 Speaker 1: first is the first minted n FT token which was 263 00:15:05,840 --> 00:15:10,240 Speaker 1: created in but only just sold in one for the 264 00:15:10,240 --> 00:15:14,200 Speaker 1: amount of one point for million dollars, created by Kevin 265 00:15:14,280 --> 00:15:17,920 Speaker 1: McCoy um, and it was called Quantum. Then we have 266 00:15:18,040 --> 00:15:21,440 Speaker 1: Curio cards, which are claimed to be the first n 267 00:15:21,480 --> 00:15:25,440 Speaker 1: f T art project on the Ethereum blockchain, which was 268 00:15:25,480 --> 00:15:29,720 Speaker 1: minted in May and this series consists of thirty different 269 00:15:29,760 --> 00:15:33,560 Speaker 1: and unique collectible cards have been done by seven different artists. 270 00:15:33,800 --> 00:15:37,160 Speaker 1: Today they are over twenty nine thousand cards of all 271 00:15:37,400 --> 00:15:41,800 Speaker 1: different levels of value, and not surprisingly, the majority of 272 00:15:41,800 --> 00:15:43,880 Speaker 1: the top sellers and artists in the n f T 273 00:15:44,000 --> 00:15:47,520 Speaker 1: market ar men, with the highest selling one valued and 274 00:15:47,600 --> 00:15:51,440 Speaker 1: sold for ninety one point eight million dollars um. And 275 00:15:51,480 --> 00:15:55,000 Speaker 1: it's sold in December one. And that leads us to 276 00:15:55,040 --> 00:15:59,040 Speaker 1: the question, where are the women in non binary people 277 00:15:59,280 --> 00:16:03,080 Speaker 1: in this new market. Well, it's probably not shocking that 278 00:16:03,160 --> 00:16:06,240 Speaker 1: the amount of women in this industry is fairly low, 279 00:16:06,720 --> 00:16:09,320 Speaker 1: especially when we already know the level of sexism and 280 00:16:09,360 --> 00:16:12,000 Speaker 1: limitations on women in the tech industry as well as 281 00:16:12,040 --> 00:16:14,520 Speaker 1: the art industry. And by the way, in the fine 282 00:16:14,600 --> 00:16:18,240 Speaker 1: arts world in auctions, only two percent of the ninety 283 00:16:18,320 --> 00:16:21,680 Speaker 1: six point six billion dollars in the total of seals 284 00:16:21,920 --> 00:16:27,320 Speaker 1: for this art were made by women. So got that money? 285 00:16:27,640 --> 00:16:29,440 Speaker 1: Um And this was between the years of two eight 286 00:16:29,440 --> 00:16:33,320 Speaker 1: and twenty nineteen. So my gosh. And though the number 287 00:16:33,400 --> 00:16:36,560 Speaker 1: of women that are made public so far, because there's 288 00:16:36,800 --> 00:16:38,920 Speaker 1: several of the people in the artists that we don't 289 00:16:38,920 --> 00:16:41,360 Speaker 1: know their gender, just so you know. But in the 290 00:16:41,360 --> 00:16:43,360 Speaker 1: world of n f T s are low, is still 291 00:16:43,440 --> 00:16:47,160 Speaker 1: higher than the fine arts world, but that higher is 292 00:16:47,160 --> 00:16:50,360 Speaker 1: only six of the n f T cells. Then that's 293 00:16:50,400 --> 00:16:53,280 Speaker 1: as of November one, so maybe the numbers have changed. 294 00:16:53,640 --> 00:16:56,120 Speaker 1: And if you're wondering, the only woman to crack the 295 00:16:56,160 --> 00:16:58,760 Speaker 1: top ten artists by sales of n f T is 296 00:16:58,880 --> 00:17:03,680 Speaker 1: musician Grimes, who sold eight point nine million dollars in 297 00:17:03,760 --> 00:17:06,320 Speaker 1: n f T cells um and the second woman to 298 00:17:06,520 --> 00:17:09,800 Speaker 1: make into anywhere in this list comes at fifty, with 299 00:17:09,880 --> 00:17:12,600 Speaker 1: a total cell of one point six million for her collection. 300 00:17:13,000 --> 00:17:15,439 Speaker 1: Wow wow, wow, wow. I feel like I just started 301 00:17:15,440 --> 00:17:17,640 Speaker 1: hearing about this two years ago, so this is all 302 00:17:18,640 --> 00:17:20,639 Speaker 1: I'm kind of surprised it's been around longer than that. 303 00:17:20,760 --> 00:17:23,199 Speaker 1: But yeah, I honestly think I've only heard of it 304 00:17:23,240 --> 00:17:25,399 Speaker 1: in this last year. I don't think I was paying attention, 305 00:17:25,440 --> 00:17:26,760 Speaker 1: and I was trying to figure out what these apes 306 00:17:26,880 --> 00:17:32,879 Speaker 1: which are all over the Twitter PfP profile picks seriously 307 00:17:34,760 --> 00:17:37,240 Speaker 1: that I was like, what is happening? And maybe that's 308 00:17:37,240 --> 00:17:41,000 Speaker 1: why I'm so it's so hard for me to grasp yes, yes, yes, 309 00:17:41,080 --> 00:17:43,119 Speaker 1: well again, I do not think we are alone. It's 310 00:17:43,160 --> 00:17:46,040 Speaker 1: kind of a running joke, okay, but there are groups 311 00:17:46,040 --> 00:17:49,800 Speaker 1: and artists who are looking to make a change in 312 00:17:49,840 --> 00:17:53,080 Speaker 1: this field. Groups like Women in Blockchain Talks and projects 313 00:17:53,119 --> 00:17:56,280 Speaker 1: like World of Women in FT are coming out to 314 00:17:56,280 --> 00:17:59,639 Speaker 1: try to make space for women in this industry. Different 315 00:17:59,640 --> 00:18:01,959 Speaker 1: project It's like the World of Women have a unique 316 00:18:01,960 --> 00:18:05,680 Speaker 1: collection created by different women in the arts and UM 317 00:18:05,720 --> 00:18:11,040 Speaker 1: they elevate what they are doing. Other projects like Women 318 00:18:11,160 --> 00:18:13,480 Speaker 1: Rise of over ten thousand n f t s that 319 00:18:13,520 --> 00:18:16,480 Speaker 1: feature women in the arts, activism, coding, and science, with 320 00:18:16,480 --> 00:18:19,040 Speaker 1: a mission that states they seek to quote watch women 321 00:18:19,160 --> 00:18:22,880 Speaker 1: rise on the blockchain UM. And that's according to coin 322 00:18:23,000 --> 00:18:26,920 Speaker 1: telegraph dot com artists Milia Abdi Um and I'm hope, 323 00:18:26,960 --> 00:18:29,159 Speaker 1: I hope I'm not butchering that completely, but please let 324 00:18:29,200 --> 00:18:31,800 Speaker 1: me know if I am so I can correct it. Um, 325 00:18:31,880 --> 00:18:35,200 Speaker 1: who was interviewed for the same article, stated of Women 326 00:18:35,320 --> 00:18:37,119 Speaker 1: Rise in her experience in n f t S quote, 327 00:18:37,160 --> 00:18:38,680 Speaker 1: I wanted to make sure that I was starting my 328 00:18:38,720 --> 00:18:40,840 Speaker 1: journey in n f t S by celebrating real world 329 00:18:40,920 --> 00:18:44,920 Speaker 1: women around the world. This project isn't just about ethnic diversity, 330 00:18:44,960 --> 00:18:48,360 Speaker 1: but it's also about cultural diversity, religious diversity, and diversity 331 00:18:48,400 --> 00:18:50,280 Speaker 1: in the terms of fields where women are breaking the 332 00:18:50,320 --> 00:18:53,240 Speaker 1: glass ceiling. It's also an extension of the work I've 333 00:18:53,240 --> 00:18:57,800 Speaker 1: been doing over the last nine years. And she's not 334 00:18:57,880 --> 00:19:00,320 Speaker 1: the only one who wishes to push these type of 335 00:19:00,400 --> 00:19:04,119 Speaker 1: ideals around diversity in the world of n f T s. 336 00:19:04,600 --> 00:19:08,280 Speaker 1: Creator of Boss Beauties, another n f T project, Lisa Mayor, 337 00:19:08,560 --> 00:19:11,280 Speaker 1: came in wanting to not only change the sexism within 338 00:19:11,320 --> 00:19:14,240 Speaker 1: the newly growing industry, but also bring her passion of 339 00:19:14,280 --> 00:19:17,920 Speaker 1: women's rights within the digital and media world. Her project, 340 00:19:18,000 --> 00:19:21,399 Speaker 1: Boss Beauties featured a collection of over ten thousand different 341 00:19:21,400 --> 00:19:24,680 Speaker 1: portraits of strong women in different careers. She stayed about 342 00:19:24,680 --> 00:19:28,120 Speaker 1: the project, quote, there are women astronauts, women in stem, doctors, 343 00:19:28,200 --> 00:19:30,760 Speaker 1: race car drivers, and more. The promise here is that 344 00:19:30,840 --> 00:19:33,120 Speaker 1: all the traits mixed together show that a woman can 345 00:19:33,119 --> 00:19:36,640 Speaker 1: be anything she wants. The entire collection sold in less 346 00:19:36,680 --> 00:19:39,760 Speaker 1: than ninety minutes, which also helps her small business, allowing 347 00:19:39,760 --> 00:19:44,000 Speaker 1: business to keep going during the pandemic. So that's awesome. Yeah. Also, 348 00:19:44,080 --> 00:19:46,000 Speaker 1: Mayor stated that one of their n f T s 349 00:19:46,080 --> 00:19:48,480 Speaker 1: was displayed at the n y C outside of the 350 00:19:48,600 --> 00:19:52,960 Speaker 1: Murial Sea Bert Boardroom, who we mentioned earlier and apparently 351 00:19:53,119 --> 00:19:56,000 Speaker 1: is the first n f D to be displayed there. 352 00:19:56,040 --> 00:19:58,560 Speaker 1: So I haven't gotten a confirmation, but that's what she stated. 353 00:19:59,160 --> 00:20:00,760 Speaker 1: But with all of the good stuff, we do want 354 00:20:00,760 --> 00:20:02,760 Speaker 1: to take a minute to talk about how one group 355 00:20:02,920 --> 00:20:06,320 Speaker 1: took advantage of those who are really thirsty to support 356 00:20:06,320 --> 00:20:09,840 Speaker 1: women in this industry. Apparently last year an n f 357 00:20:09,880 --> 00:20:13,440 Speaker 1: T group I guess our collection, known as Famous Lady Squad, 358 00:20:13,880 --> 00:20:18,439 Speaker 1: had a giant controversy as his collective, which was supposedly 359 00:20:18,520 --> 00:20:21,240 Speaker 1: run by three women, had earned one point five million 360 00:20:21,280 --> 00:20:25,320 Speaker 1: dollars from investors turns out to be ran by Russian men, 361 00:20:25,800 --> 00:20:28,600 Speaker 1: and after a lengthy investigation by others in the community, 362 00:20:28,920 --> 00:20:32,040 Speaker 1: they were outed. They did apologize. We're like, oh sorry, 363 00:20:32,080 --> 00:20:34,320 Speaker 1: we didn't think it'd be a big deal, but they 364 00:20:34,359 --> 00:20:38,439 Speaker 1: absolutely were trying to I think they I guess the 365 00:20:38,440 --> 00:20:41,080 Speaker 1: best way I can put his own the American lives 366 00:20:41,400 --> 00:20:44,920 Speaker 1: in their budeness, but also trying to take advantage and 367 00:20:44,960 --> 00:20:47,520 Speaker 1: get that money. And though it was a slab in 368 00:20:47,520 --> 00:20:50,679 Speaker 1: the face for those who did support the team, the 369 00:20:50,720 --> 00:20:54,600 Speaker 1: men did give control of the actual collective to a woman, 370 00:20:55,040 --> 00:20:58,320 Speaker 1: Ashley Smith, who is a Canadian real estate agent, I believe, 371 00:20:58,640 --> 00:21:00,320 Speaker 1: and they did donate some of the money a two 372 00:21:00,359 --> 00:21:04,199 Speaker 1: different women driven in FT groups, So they did have 373 00:21:04,280 --> 00:21:08,320 Speaker 1: a happy err story, but definitely. Yeah, I've seen this 374 00:21:08,920 --> 00:21:11,879 Speaker 1: not only in this type of field, but we know 375 00:21:12,000 --> 00:21:15,520 Speaker 1: when it comes to like black businesses and black owned businesses, 376 00:21:15,520 --> 00:21:19,000 Speaker 1: we've had people tried to capitalize on that. Super gross 377 00:21:19,119 --> 00:21:22,320 Speaker 1: but still um And this is definitely one of those 378 00:21:22,359 --> 00:21:25,440 Speaker 1: investment platforms that could be different from others which oftentimes 379 00:21:25,440 --> 00:21:28,159 Speaker 1: won't allow space for women in the same build. So 380 00:21:28,200 --> 00:21:30,520 Speaker 1: we're really hoping to see some change and hopefully will 381 00:21:30,520 --> 00:21:32,840 Speaker 1: come quickly even though they have been around for about 382 00:21:32,920 --> 00:21:35,480 Speaker 1: seven years, I guess. But it doesn't mean it has 383 00:21:35,520 --> 00:21:39,359 Speaker 1: to go down the same route as other sexist limitations 384 00:21:39,400 --> 00:21:42,720 Speaker 1: in these types of platforms. So yeah, I mean that's 385 00:21:42,760 --> 00:21:45,959 Speaker 1: the hopeful and exciting part of a new thing, is 386 00:21:46,240 --> 00:21:49,840 Speaker 1: there's that, yeah, that hope that you could not follow 387 00:21:49,920 --> 00:21:53,439 Speaker 1: the past of similar industries before you, but fortunately so 388 00:21:53,560 --> 00:21:58,720 Speaker 1: often it seems like it does. Yeah. And also part 389 00:21:58,760 --> 00:22:01,239 Speaker 1: of this is it can quite lucrative. As we've been 390 00:22:01,280 --> 00:22:04,800 Speaker 1: saying these numbers, people can make a lot of money, 391 00:22:04,840 --> 00:22:08,880 Speaker 1: but you know, we're not really seeing women in this 392 00:22:08,920 --> 00:22:13,320 Speaker 1: money making space in large numbers right now. As in fact, 393 00:22:13,320 --> 00:22:16,440 Speaker 1: cryptocurrency has been seen more as a man's world, even 394 00:22:16,440 --> 00:22:18,840 Speaker 1: to the point that we make jokes about those crypto brows. 395 00:22:19,720 --> 00:22:23,200 Speaker 1: According to a CNBC and Acorn survey, there are twice 396 00:22:23,200 --> 00:22:27,000 Speaker 1: the amount of men than women who are invested in cryptocurrency, 397 00:22:27,160 --> 00:22:29,639 Speaker 1: and they broke down the numbers even more, showing that 398 00:22:29,680 --> 00:22:34,199 Speaker 1: the gender disparities of cryptocurrency quote matches or exceeds the 399 00:22:34,240 --> 00:22:37,800 Speaker 1: gender gap of other more traditional investing and according to 400 00:22:37,800 --> 00:22:41,919 Speaker 1: the one State of US Crypto report, that of the 401 00:22:41,920 --> 00:22:46,640 Speaker 1: crypto holders are men, which she has no surprise. Unfortunately, 402 00:22:48,359 --> 00:22:50,720 Speaker 1: there are some good news. The racial aspects are more 403 00:22:50,760 --> 00:22:54,280 Speaker 1: equal in the crypto investments, with the numbers showing eleven 404 00:22:55,160 --> 00:22:59,560 Speaker 1: of white people, even percent of Black people, ten of Hispanics, 405 00:22:59,600 --> 00:23:05,760 Speaker 1: four percent of Asian people, and of another race being involved. Right. 406 00:23:06,200 --> 00:23:10,960 Speaker 1: And However, with these numbers, it's not surprising that black women, 407 00:23:11,240 --> 00:23:14,199 Speaker 1: part of the intersectional level, are more likely to have 408 00:23:14,400 --> 00:23:18,159 Speaker 1: barriers when it comes to investing, even in the cryptocurrency. 409 00:23:18,520 --> 00:23:21,240 Speaker 1: Whether it has to do with the decades slash centuries 410 00:23:21,400 --> 00:23:24,359 Speaker 1: long practices of excluding black women when it comes to loans, 411 00:23:24,440 --> 00:23:28,480 Speaker 1: home ownerships, credit credit cards, expendable cash, or just the 412 00:23:28,560 --> 00:23:31,000 Speaker 1: overall ability to learn how to invest in such a 413 00:23:31,160 --> 00:23:36,320 Speaker 1: very confusing I will test system, black women are often 414 00:23:36,400 --> 00:23:39,960 Speaker 1: left behind in the narrative altogether, and the ability to 415 00:23:40,000 --> 00:23:42,120 Speaker 1: take a chance in this new wave of investing has 416 00:23:42,119 --> 00:23:44,600 Speaker 1: been lacking for many women, with the same survey we 417 00:23:44,640 --> 00:23:47,480 Speaker 1: talked about earlier showing only nineteen percent of the investors 418 00:23:47,520 --> 00:23:50,200 Speaker 1: are white women and only four percent are black women. 419 00:23:50,480 --> 00:23:53,119 Speaker 1: So that's something to think on too. But there are 420 00:23:53,160 --> 00:23:58,280 Speaker 1: those who seek again to change things YEA. Organizations like Comorobi, 421 00:23:58,359 --> 00:24:01,720 Speaker 1: collective founded by women men in the blockchain space to 422 00:24:01,920 --> 00:24:07,040 Speaker 1: invest exclusively in quote exceptional female and non binary crypto founders, 423 00:24:07,440 --> 00:24:11,400 Speaker 1: seek to improve diversity in the crypto sphere. The crypto 424 00:24:11,480 --> 00:24:15,720 Speaker 1: industry has made vast amounts of money in one alone, 425 00:24:15,760 --> 00:24:20,000 Speaker 1: up to trillions in dollars, and collectives like these want 426 00:24:20,040 --> 00:24:22,639 Speaker 1: to ensure that women and non binary folks are a 427 00:24:22,720 --> 00:24:27,520 Speaker 1: part of making these giant profits. And women like Julia Rosenberg, 428 00:24:27,560 --> 00:24:30,320 Speaker 1: another founder of a blockchain company, wants to not only 429 00:24:30,359 --> 00:24:33,320 Speaker 1: see women being investors, but also being a part of 430 00:24:33,320 --> 00:24:36,800 Speaker 1: the growing community of workers. After seeing how little women 431 00:24:36,880 --> 00:24:39,920 Speaker 1: are a part of this industry, she sought to hire 432 00:24:39,960 --> 00:24:43,680 Speaker 1: and recruit more women within the technical side, and she 433 00:24:43,800 --> 00:24:46,600 Speaker 1: isn't the only one, Thank goodness, their organizations like she 434 00:24:46,840 --> 00:24:49,919 Speaker 1: fi women in blockchain National Policy Network of Women of 435 00:24:49,920 --> 00:24:53,040 Speaker 1: Color and blockchain and more um that are seeking to 436 00:24:53,119 --> 00:24:56,200 Speaker 1: change this this boys club that it is right now 437 00:24:56,240 --> 00:25:00,480 Speaker 1: and to a well run diverse machine. So much research 438 00:25:00,520 --> 00:25:05,200 Speaker 1: has shown that diverse and inclusive teams make more profits 439 00:25:05,320 --> 00:25:09,320 Speaker 1: in any field and just in general, are more efficient. 440 00:25:09,800 --> 00:25:12,439 Speaker 1: According to a study completed by the National Center for 441 00:25:12,480 --> 00:25:16,199 Speaker 1: Women and Information Technology quote, diverse teams that tend to 442 00:25:16,200 --> 00:25:20,040 Speaker 1: stay on schedule and under budget demonstrate superior team dynamics 443 00:25:20,080 --> 00:25:23,560 Speaker 1: and make more money. And the other side of that 444 00:25:23,800 --> 00:25:27,440 Speaker 1: is allowing space for women to learn about investment and 445 00:25:27,480 --> 00:25:31,399 Speaker 1: being educated to these types of opportunities. Organizations like she 446 00:25:31,560 --> 00:25:34,000 Speaker 1: FI aim to educate women and how to borrow invest 447 00:25:34,119 --> 00:25:37,159 Speaker 1: in trade cryptocurrency, opening up the door for women to 448 00:25:37,160 --> 00:25:40,280 Speaker 1: be part of the growing trade. Also, when talking about 449 00:25:40,320 --> 00:25:43,159 Speaker 1: teaching women about these types of investment classes, it was 450 00:25:43,200 --> 00:25:44,919 Speaker 1: mentioned and I thought it was important for us to 451 00:25:44,960 --> 00:25:48,439 Speaker 1: know that many of the women would start off apologizing 452 00:25:48,640 --> 00:25:51,359 Speaker 1: before actually talking about money, which is something we've talked 453 00:25:51,359 --> 00:25:54,879 Speaker 1: about before. Just this whole concept that talking about money 454 00:25:55,080 --> 00:25:58,159 Speaker 1: is not ladylike and we shouldn't be doing it, and 455 00:25:58,200 --> 00:26:01,280 Speaker 1: that women are so hush high when it comes to 456 00:26:02,040 --> 00:26:05,520 Speaker 1: making money, wanting to make money and growing professionally. That 457 00:26:05,640 --> 00:26:08,480 Speaker 1: seems to be a bad thing that we often see 458 00:26:08,560 --> 00:26:13,320 Speaker 1: being portrayed and so literally, this specific firm talked about 459 00:26:13,320 --> 00:26:15,679 Speaker 1: how she had to stop them from like I'm so sorry, 460 00:26:15,760 --> 00:26:18,520 Speaker 1: I just don't understand and be like stop that, that's 461 00:26:18,520 --> 00:26:20,240 Speaker 1: not your fault. And I found that that was something 462 00:26:20,240 --> 00:26:22,280 Speaker 1: we should mention because I feel like it happens too 463 00:26:22,359 --> 00:26:26,600 Speaker 1: much and we should stop. Yeah. Yeah, And I think 464 00:26:26,640 --> 00:26:29,080 Speaker 1: we touched on that a little with the whole Black 465 00:26:29,080 --> 00:26:33,840 Speaker 1: Widow Scott Johnson Disney thing, where they basically we're like, hey, 466 00:26:34,240 --> 00:26:38,760 Speaker 1: lady here being greedy during a pandemic. You terrible person 467 00:26:38,880 --> 00:26:42,120 Speaker 1: asking for money. Um, it's that kind of mindset where 468 00:26:42,160 --> 00:26:45,480 Speaker 1: we feel, yeah, it was we all we talked about 469 00:26:45,480 --> 00:26:47,680 Speaker 1: recently to the what you're worth and asking for what 470 00:26:47,720 --> 00:27:04,240 Speaker 1: you're worth and being shut down like that. However, though 471 00:27:04,280 --> 00:27:06,560 Speaker 1: there is a lot to be said about the new investing, 472 00:27:06,640 --> 00:27:08,560 Speaker 1: we couldn't talk about all of this without addressing the 473 00:27:08,680 --> 00:27:11,800 Speaker 1: environmental implications of cryptocurrency, which is something I did not 474 00:27:11,880 --> 00:27:15,080 Speaker 1: know about. And please note, yes we're not experts on 475 00:27:15,080 --> 00:27:17,840 Speaker 1: this um, but more curious on how women are viewed 476 00:27:17,840 --> 00:27:20,760 Speaker 1: in these spaces and the effects of this type of investment, 477 00:27:20,760 --> 00:27:23,280 Speaker 1: but this is an important part of the conversation. The 478 00:27:23,400 --> 00:27:27,840 Speaker 1: environmental impact of crypto as it is is not great 479 00:27:28,160 --> 00:27:32,000 Speaker 1: because many of the cryptocurrencies, like Bitcoin, are based on mining. 480 00:27:32,119 --> 00:27:34,359 Speaker 1: A lot of electricity is used to do that mining, 481 00:27:34,440 --> 00:27:37,359 Speaker 1: and since Bitcoin was originally released, it has become harder 482 00:27:37,400 --> 00:27:39,639 Speaker 1: to get new ones, as it was designed to be 483 00:27:39,720 --> 00:27:43,760 Speaker 1: somewhat scarce um to up its value. Partially, the worth 484 00:27:43,800 --> 00:27:46,160 Speaker 1: of one bitcoin as of earlier this month, this month 485 00:27:46,240 --> 00:27:50,240 Speaker 1: being January two is forty two thousan dollars and the 486 00:27:50,320 --> 00:27:53,640 Speaker 1: value of a newly mined block is six point two 487 00:27:53,880 --> 00:27:57,960 Speaker 1: five bitcoin. Lots of money. Yes, I had to do 488 00:27:58,000 --> 00:28:00,320 Speaker 1: the math in my head for a second. And because 489 00:28:00,320 --> 00:28:02,320 Speaker 1: of this, more people are trying to mind to get 490 00:28:02,320 --> 00:28:05,800 Speaker 1: what's left, which means using more electricity. And one report, 491 00:28:05,840 --> 00:28:09,680 Speaker 1: it says quote the Cambridge Bitcoin Electricity Consumption Index, estimates 492 00:28:09,680 --> 00:28:12,840 Speaker 1: that bitcoin mining uses more power globally per year than 493 00:28:12,880 --> 00:28:16,640 Speaker 1: some countries including the Netherlands and Pakistan. And it isn't 494 00:28:16,680 --> 00:28:20,280 Speaker 1: just the act of mining for bitcoins, but actually to 495 00:28:20,359 --> 00:28:23,720 Speaker 1: use it for in transactions. According to that same report, 496 00:28:24,000 --> 00:28:27,680 Speaker 1: is estimated to burn two thousand, two point five kilo 497 00:28:27,760 --> 00:28:31,720 Speaker 1: watt hours of electricity, which is enough to power US 498 00:28:31,800 --> 00:28:36,560 Speaker 1: household for almost eighty days eight days. Uh, and that's 499 00:28:36,600 --> 00:28:39,920 Speaker 1: a large carbon footprint. And for those of us in 500 00:28:39,920 --> 00:28:42,840 Speaker 1: the US, well, it seems of the mining is done 501 00:28:42,960 --> 00:28:45,280 Speaker 1: here and guess what, we use a lot of fossil 502 00:28:45,320 --> 00:28:48,920 Speaker 1: fuels to get it done. And of course this also 503 00:28:48,960 --> 00:28:51,560 Speaker 1: includes the fact that different power plants that are used 504 00:28:51,600 --> 00:28:54,840 Speaker 1: for mining draw millions of gallons of waters to cool 505 00:28:54,920 --> 00:28:58,080 Speaker 1: down the plants after using so much energy, and some 506 00:28:58,200 --> 00:29:00,520 Speaker 1: of that discharge goes into the body of waters that 507 00:29:00,560 --> 00:29:05,480 Speaker 1: typically will endanger the wildlife there. But with that, there 508 00:29:05,480 --> 00:29:07,560 Speaker 1: are some companies out there that are trying to use 509 00:29:07,600 --> 00:29:09,920 Speaker 1: more green and I'm putting this in quotes because I 510 00:29:09,960 --> 00:29:13,080 Speaker 1: don't know what that means typically for a given company. 511 00:29:13,280 --> 00:29:17,360 Speaker 1: So put that there green methods in the crypto space, 512 00:29:17,720 --> 00:29:21,080 Speaker 1: such as using different ways of systems of validations which 513 00:29:21,200 --> 00:29:23,240 Speaker 1: may reduce energy costs as and they don't want to 514 00:29:23,320 --> 00:29:26,920 Speaker 1: use the older system which was proof of work meaning uh, 515 00:29:27,080 --> 00:29:29,360 Speaker 1: they measured it by the amount of digging slash mining 516 00:29:29,400 --> 00:29:32,000 Speaker 1: slash work they did, which obviously is going to drive 517 00:29:32,080 --> 00:29:35,400 Speaker 1: up the use of electricity. There were also organizations that 518 00:29:35,440 --> 00:29:38,080 Speaker 1: are trying to start initiatives that would find ways of 519 00:29:38,160 --> 00:29:42,080 Speaker 1: running blockchains on entirely renewable energy and hoping to do 520 00:29:42,120 --> 00:29:46,320 Speaker 1: so by Apparently there are some who are currently using 521 00:29:46,360 --> 00:29:50,120 Speaker 1: renewable energy to run it already, but the numbers are 522 00:29:50,160 --> 00:29:52,560 Speaker 1: hard to find, so we don't know how many companies 523 00:29:52,600 --> 00:29:55,040 Speaker 1: and who is using what I feel like this might 524 00:29:55,080 --> 00:29:59,080 Speaker 1: be one of those misleading Hey, look we're doing good 525 00:30:00,000 --> 00:30:05,120 Speaker 1: as the big corporation. So that's editorial. That's just my opinion. 526 00:30:05,160 --> 00:30:08,720 Speaker 1: So because again not a lot of information. Of course, 527 00:30:09,160 --> 00:30:11,640 Speaker 1: we aren't sure how effective and how much effort are 528 00:30:11,680 --> 00:30:14,520 Speaker 1: actually being made, especially if it has the chance of 529 00:30:14,560 --> 00:30:18,640 Speaker 1: affecting someone's effort and making money. So we know there's 530 00:30:18,640 --> 00:30:20,040 Speaker 1: a lot of we said when it comes to money 531 00:30:20,040 --> 00:30:22,200 Speaker 1: and greed and profit, but we're gonna keep our eyes 532 00:30:22,240 --> 00:30:25,800 Speaker 1: on it and hopefully maybe this is something that not 533 00:30:25,920 --> 00:30:28,040 Speaker 1: only will women be welcomed into, but we can do 534 00:30:28,080 --> 00:30:34,000 Speaker 1: it sustainably. Yeah. Anyway, but the world of investing in 535 00:30:34,040 --> 00:30:37,680 Speaker 1: finance is fascinating and things like n f t s 536 00:30:37,680 --> 00:30:40,440 Speaker 1: and cryptos have been big conversations in the world of 537 00:30:40,480 --> 00:30:43,680 Speaker 1: social media, and again just being relevant, like I said, 538 00:30:43,680 --> 00:30:48,240 Speaker 1: we've seen so many celebrities and big wigs talking about 539 00:30:48,280 --> 00:30:51,280 Speaker 1: their special n f T s. Jimmy Fallon in Paris, 540 00:30:51,320 --> 00:30:53,560 Speaker 1: Hilton sitting there comparing their n f T s by 541 00:30:53,560 --> 00:30:56,440 Speaker 1: the way, which we're from the board Ape yacht Club, 542 00:30:56,520 --> 00:30:58,800 Speaker 1: which if you've seen them, it's just an ape with 543 00:30:58,960 --> 00:31:03,320 Speaker 1: different costumes on which, by the way, Uh, the one 544 00:31:03,400 --> 00:31:06,280 Speaker 1: I think Jimmy Fallon was referring to what she got 545 00:31:06,400 --> 00:31:12,600 Speaker 1: was two thousand dollars. Again, it's not something they don't 546 00:31:12,760 --> 00:31:14,640 Speaker 1: I don't get it. I don't get it. And I've 547 00:31:14,680 --> 00:31:19,120 Speaker 1: seen that Twitter has been again advertising to allow those 548 00:31:19,120 --> 00:31:23,240 Speaker 1: spaces and usage in Twitter. So I'm guessing it's the 549 00:31:23,280 --> 00:31:26,240 Speaker 1: profile pictures, which I don't understand. I thought you could 550 00:31:26,440 --> 00:31:30,200 Speaker 1: do that. I don't get it. And then that is specifics. 551 00:31:30,200 --> 00:31:33,840 Speaker 1: I know there was some disasters where people are replicating 552 00:31:33,960 --> 00:31:36,240 Speaker 1: or not getting what they are promised. There's something called 553 00:31:36,280 --> 00:31:38,520 Speaker 1: the fat finger mistake, which I feel like it's fat 554 00:31:38,520 --> 00:31:41,520 Speaker 1: phobic and I don't like it. I'm sure it is, 555 00:31:41,560 --> 00:31:43,960 Speaker 1: And there has been also conversation within the art world 556 00:31:43,960 --> 00:31:48,280 Speaker 1: how some of it is really ablest and super problematic 557 00:31:48,760 --> 00:31:51,800 Speaker 1: and what they're featuring, but like people who are being 558 00:31:51,840 --> 00:31:56,920 Speaker 1: scammed to buy these things, and then yeah, and then yeah, 559 00:31:57,040 --> 00:32:01,480 Speaker 1: like so many different things, So it's interesting. It is, 560 00:32:03,600 --> 00:32:08,440 Speaker 1: but the stock exchange is still the largest investment platform today, 561 00:32:08,600 --> 00:32:10,600 Speaker 1: and with the fact that it took so long for 562 00:32:10,640 --> 00:32:13,000 Speaker 1: a woman to even be able to buy a seat there, 563 00:32:13,440 --> 00:32:15,880 Speaker 1: there is still a shortage of women in that space. 564 00:32:15,920 --> 00:32:20,040 Speaker 1: According to a survey completed by nerd Wallet in September one, 565 00:32:20,400 --> 00:32:24,200 Speaker 1: only of women are invested in the stock market, compared 566 00:32:24,240 --> 00:32:27,840 Speaker 1: to sixty six percent of men who were invested. One 567 00:32:27,880 --> 00:32:30,280 Speaker 1: of the reasons cited was quote women tend to be 568 00:32:30,440 --> 00:32:34,480 Speaker 1: less confident more anxious than men about investing, which we 569 00:32:34,520 --> 00:32:37,560 Speaker 1: found interesting and really says a lot. Uh. The article 570 00:32:37,640 --> 00:32:40,600 Speaker 1: states that quote emotions around money and investing can be fraught. 571 00:32:40,760 --> 00:32:42,880 Speaker 1: In the survey found differences in how men and women 572 00:32:42,880 --> 00:32:45,440 Speaker 1: feel when thinking about investing. While men are more likely 573 00:32:45,480 --> 00:32:50,120 Speaker 1: to feel confident than women versus, women are more likely 574 00:32:50,160 --> 00:32:54,240 Speaker 1: to say they feel anxious than men versus. And that 575 00:32:54,360 --> 00:32:56,880 Speaker 1: is definitely me. I feel anxious. I don't like to 576 00:32:59,240 --> 00:33:02,840 Speaker 1: But is that Many say that women make better investors 577 00:33:02,880 --> 00:33:06,000 Speaker 1: than men. According to a report completed by Fidelity, in 578 00:33:07,080 --> 00:33:09,680 Speaker 1: over a ten year period, it's female customers earned on 579 00:33:09,800 --> 00:33:13,360 Speaker 1: average point four percentage points more annually than their male 580 00:33:13,520 --> 00:33:16,120 Speaker 1: counterparts that may not see Michael lot, but over a 581 00:33:16,200 --> 00:33:18,400 Speaker 1: few decades it can add up to tens of thousands 582 00:33:18,440 --> 00:33:23,440 Speaker 1: of dollars or more. Right so, Fidelities analysis shows that 583 00:33:23,560 --> 00:33:27,200 Speaker 1: from two thousand eleven to twenty, which included five point 584 00:33:27,280 --> 00:33:30,640 Speaker 1: two million customers in this analysis, the women are able 585 00:33:30,680 --> 00:33:33,360 Speaker 1: to get better returns due to the way they trade, 586 00:33:34,080 --> 00:33:37,680 Speaker 1: or more so on how they don't. Women that are 587 00:33:37,680 --> 00:33:40,920 Speaker 1: customers of Fidelity quote bought and sold half as much 588 00:33:40,960 --> 00:33:44,120 Speaker 1: as male customers. And Fidelity wasn't the only one to 589 00:33:44,120 --> 00:33:47,720 Speaker 1: get similar results. Other financial companies showed similar patterns in 590 00:33:47,880 --> 00:33:51,560 Speaker 1: long term trading and investments. And again the part of 591 00:33:51,560 --> 00:33:53,960 Speaker 1: the reason why women might not be trading them as 592 00:33:54,040 --> 00:33:59,000 Speaker 1: much because of anxiety and less confidence. Uh and it 593 00:33:59,080 --> 00:34:01,560 Speaker 1: may be because of the overall good results from women 594 00:34:01,840 --> 00:34:05,280 Speaker 1: that women have been investing more recently, another Fidelity reports 595 00:34:05,280 --> 00:34:07,960 Speaker 1: showed that almost sixty seven percent of women are investing 596 00:34:08,040 --> 00:34:12,080 Speaker 1: outside of retirement accounts, which is of retirement acounts is 597 00:34:12,120 --> 00:34:14,720 Speaker 1: what bothers me. It makes me not want to invest 598 00:34:14,719 --> 00:34:19,040 Speaker 1: in other stocks. You know, that's my anxiety that I 599 00:34:19,040 --> 00:34:22,840 Speaker 1: don't like again, which is a forty four percent increase 600 00:34:22,960 --> 00:34:25,920 Speaker 1: since twenty eighteen, and I did see another article talk 601 00:34:25,960 --> 00:34:29,480 Speaker 1: about how the pandemic. During the pandemic, women are investing more. 602 00:34:30,080 --> 00:34:33,120 Speaker 1: From that so, I found that interesting and different brokerages 603 00:34:33,160 --> 00:34:35,719 Speaker 1: have seen an increase in women investors as well, with 604 00:34:35,840 --> 00:34:39,400 Speaker 1: one platform showing that women investors tripled in the last year, 605 00:34:39,920 --> 00:34:42,280 Speaker 1: so much so that many of the brokerages are pushing 606 00:34:42,719 --> 00:34:45,960 Speaker 1: more focused on women as new clients and investors. And 607 00:34:46,000 --> 00:34:50,160 Speaker 1: there's even a platform like Elvest which is focusing completely 608 00:34:50,200 --> 00:34:55,000 Speaker 1: on women investors altogether. And though women investors are rising, 609 00:34:55,040 --> 00:34:58,799 Speaker 1: it seems actually working in the field is still dominated 610 00:34:58,880 --> 00:35:01,120 Speaker 1: by men. Part of that could be due to the 611 00:35:01,160 --> 00:35:04,400 Speaker 1: fact that men rise faster in these job fields. According 612 00:35:04,440 --> 00:35:06,960 Speaker 1: to another Investipdia report, there are only four point nine 613 00:35:07,000 --> 00:35:10,200 Speaker 1: percent female partners in the venture capital firms. Less than 614 00:35:10,200 --> 00:35:12,560 Speaker 1: ten percent of senior roles are held by women in 615 00:35:12,600 --> 00:35:15,920 Speaker 1: the private equity field. But we know there are groups 616 00:35:15,920 --> 00:35:18,319 Speaker 1: and initiatives trying to open up the field for more 617 00:35:18,320 --> 00:35:22,960 Speaker 1: women in the business. And let's hope that as they 618 00:35:23,000 --> 00:35:26,279 Speaker 1: see women have value investing and have value in the 619 00:35:26,320 --> 00:35:31,600 Speaker 1: world of investing, they will value women enough to help 620 00:35:31,640 --> 00:35:36,319 Speaker 1: bust this ceiling within the investment career field. I found 621 00:35:36,320 --> 00:35:38,960 Speaker 1: it all very interesting as we were doing all of 622 00:35:38,960 --> 00:35:42,680 Speaker 1: this research, the level of like yeah, women, wait, women, 623 00:35:43,280 --> 00:35:45,640 Speaker 1: and we had like, there's one specific article, the one 624 00:35:45,719 --> 00:35:49,120 Speaker 1: we were mentioning where they talked about the fidelity results 625 00:35:49,120 --> 00:35:51,799 Speaker 1: in that women may be better investors. The title baby 626 00:35:51,960 --> 00:35:53,400 Speaker 1: laugh because it was a dude. It was like, let 627 00:35:53,480 --> 00:35:56,320 Speaker 1: me man explain to you while women do better. And 628 00:35:56,440 --> 00:35:59,800 Speaker 1: there's been so many other articles like women overall, especially 629 00:35:59,840 --> 00:36:03,440 Speaker 1: in the last twenty years, have really shown that they 630 00:36:03,760 --> 00:36:07,200 Speaker 1: by not trading around, that they have done a better job. 631 00:36:07,360 --> 00:36:09,000 Speaker 1: And maybe that kind of goes back to the whole like, 632 00:36:09,080 --> 00:36:11,040 Speaker 1: let us sit. You're not supposed to pull it out 633 00:36:11,080 --> 00:36:13,799 Speaker 1: these certain times. This is the small things that I know. 634 00:36:14,320 --> 00:36:16,160 Speaker 1: And I found that very interesting because every time I 635 00:36:16,160 --> 00:36:17,680 Speaker 1: see it dip, I'm look, I gotta take it out. 636 00:36:17,680 --> 00:36:19,680 Speaker 1: I gotta pull it out, which means it's a loss 637 00:36:19,680 --> 00:36:22,799 Speaker 1: of money. Of course I'm gonna do that because I'm 638 00:36:22,840 --> 00:36:26,040 Speaker 1: too anxious to do such a radical move. But yeah, 639 00:36:26,080 --> 00:36:29,000 Speaker 1: it does say a lot to who is making money 640 00:36:29,040 --> 00:36:32,000 Speaker 1: off of that as well, because this whole racket in 641 00:36:32,040 --> 00:36:35,200 Speaker 1: the stock investment I don't understand. I do feel like 642 00:36:35,200 --> 00:36:38,040 Speaker 1: someone's trying to take advantage of me because I'm giving 643 00:36:38,120 --> 00:36:41,200 Speaker 1: money to hope that I can retire in time, which 644 00:36:41,200 --> 00:36:44,279 Speaker 1: I hate that process. And yeah, with the n f 645 00:36:44,320 --> 00:36:47,520 Speaker 1: T s, there's more and more art being sold out there. 646 00:36:47,520 --> 00:36:50,800 Speaker 1: There's a group of black women who are doing photography. 647 00:36:51,040 --> 00:36:55,080 Speaker 1: There was someone talking about selling podcasts sounds on and 648 00:36:55,320 --> 00:36:59,200 Speaker 1: TikTok sounds as n f T s essentially because there's 649 00:36:59,280 --> 00:37:01,520 Speaker 1: this whole idea like you'll never have it, but you 650 00:37:01,560 --> 00:37:04,560 Speaker 1: will own a share of it and it's unique to you, 651 00:37:04,719 --> 00:37:08,239 Speaker 1: which I am still very confused by whatever whatnot. No 652 00:37:08,280 --> 00:37:12,080 Speaker 1: matter what, I do want to see women make headway 653 00:37:12,320 --> 00:37:14,840 Speaker 1: and make it in these industries, but not at the 654 00:37:14,880 --> 00:37:20,240 Speaker 1: expense of our environment. Yeah. Yeah, And I think there's 655 00:37:20,239 --> 00:37:22,600 Speaker 1: a lot of things that frustrate me about this. I 656 00:37:22,640 --> 00:37:26,880 Speaker 1: think that it shouldn't be so complicated too. Again, just retire. 657 00:37:26,960 --> 00:37:28,880 Speaker 1: I got mad about taxes the other day. I was like, 658 00:37:28,880 --> 00:37:31,080 Speaker 1: this is ridiculous and I can't understand this and I 659 00:37:31,120 --> 00:37:34,959 Speaker 1: have to get somebody to do it. Um, I don't 660 00:37:35,000 --> 00:37:38,640 Speaker 1: get it. But also I understand that I've had this 661 00:37:38,880 --> 00:37:41,560 Speaker 1: conversation with people before where I guess they think I'm 662 00:37:41,600 --> 00:37:45,400 Speaker 1: goining for square because you know, when there was that 663 00:37:45,560 --> 00:37:48,280 Speaker 1: huge market crash in two thousand and eight, like people 664 00:37:48,320 --> 00:37:50,719 Speaker 1: just lost their money, like if it's the stock or not, 665 00:37:50,760 --> 00:37:53,520 Speaker 1: because that's sort of a concept that we're just believing 666 00:37:53,560 --> 00:37:56,200 Speaker 1: his value as well, and I get nervous about that 667 00:37:56,719 --> 00:37:58,040 Speaker 1: for now, and then I'm like, I think I should 668 00:37:58,040 --> 00:38:01,799 Speaker 1: just withdraw everything and put it under my mattress, right right. 669 00:38:01,880 --> 00:38:03,520 Speaker 1: But then I'm like, then we needed to be gold 670 00:38:03,520 --> 00:38:07,799 Speaker 1: because dollars anything. Yes, so we get that, we get that, 671 00:38:08,360 --> 00:38:11,239 Speaker 1: but yeah, we would love to hear from any of 672 00:38:11,239 --> 00:38:14,560 Speaker 1: your listeners who know more about this, who are involved 673 00:38:14,680 --> 00:38:19,320 Speaker 1: with this. Oh, please please contact us. You can email 674 00:38:19,360 --> 00:38:20,920 Speaker 1: us at stuff and your mom Stuff at ihart media 675 00:38:20,960 --> 00:38:22,520 Speaker 1: dot com. You can find us on Twitter at mom 676 00:38:22,560 --> 00:38:25,319 Speaker 1: Stuff podcast or on Instagram at Stuff I've Never Told You. Thanks, 677 00:38:25,360 --> 00:38:27,879 Speaker 1: it's always to our super producer Christina. Oh, I bet 678 00:38:27,920 --> 00:38:31,839 Speaker 1: she didn't like sell her art conduction. Yeah, I think 679 00:38:31,880 --> 00:38:34,239 Speaker 1: you need to make us anc somehow, don't make us 680 00:38:34,239 --> 00:38:39,480 Speaker 1: look bad. Thanks to you for listening. Someone Never told you. 681 00:38:39,520 --> 00:38:41,400 Speaker 1: Protection of I Heart Radio For more podcast from I 682 00:38:41,440 --> 00:38:43,960 Speaker 1: Heart Radio, you Heart Radio app, Apple podcast, or wherever 683 00:38:43,960 --> 00:38:45,240 Speaker 1: you listen to your favorite shows.