The Barefoot Investor has warned his herd of followers to steer clear of the latest worthless cryptocurrency craze Dogecoin.
Dogecoin was created as a joke by its Australian founders several years ago but thanks to Elon Musk throwing his support behind the digital currency, its value has skyrocketed in recent months.
Inspired by the doge meme of a Shiba Inu dog breed, the digital currency is now worth US60c per coin.
Australian financial advisor Scott Pape in response sent an email to his subscribers airing his very blunt opinion on the latest crypto craze.
Barefoot Investor Scott Pape sent an honest email to his followers urging them to steer clear of the worthless currency
They re hardly outrageous sums of money, but nonetheless when you’re running a house on one income – and a journalist’s salary at that – a little financial prudence is probably in order. So, when my editor challenged me to look into advice about paying off your mortgage and getting ahead financially, I recognised the need.
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Hannah McQueen’s team at EnableMe urges us to play the hand we’re dealt well, to get ahead financially. First up, I met with financial strategist Hannah McQueen. McQueen’s company EnableMe has its clients fill out a spreadsheet when you work with them, listing all your expenses. But I wasn t engaging them yet, just finding out whether I should. She offered for me to attend the $15 seminar that she’s been touring the country with, called ‘Get Mortgage-Free & Build Wealth in 10 years or less’.
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