Ngo Your Potential with David and Phil Ngo provides motivational insight and discussion of all things relating to business, entrepreneurship, technology, blockchain, life and passion. We banter and interview like-minded individuals who strive to be the very best version of themselves, generate value for society and achieve the life they want to live.
NYP-20: Tips & Tricks for Vacation Flying Post-Pandemic
Our hosts David and Phil Ngo take Episode 20 to give you the tips and tricks you need to be prepared for traveling in a post-COVID climate. Long lines, delays and even packing tips to help you maximize the chances of having a successful, stressless trip. It’s a different world out there and we’ve done enough flying to help you get there too!
Quick notes from our tips & tricks: https://hackmd.io/@philknows/SkMRx5p2q (https://hackmd.io/@philknows/SkMRx5p2q)
What is going on with people’s summer vacation plans? (1:12).
David explains how we break down this episode (4:40).
Stuff to do before you travel! (5:55)
Be organized! (6:55)
Use Google Maps offline feature! (7:42)
Making lists with Google Maps! (8:25)
Make reservations. Especially in Europe! (9:17)
Be proactive with packing. Never put pills or other important things in your checked luggage (10:28).
Other things to have with you onboard (11:30).
Avoid checking luggage if you can right now, which means get on board with carry on early for overhead space (12:22).
Scheduling your pickup. (15:00)
Always check in beforehand. The goal is to not have to see an agent for anything (15:30).
How do I know if my bag is overweight (17:20)?
Ways to ensure people know how to tie your luggage to you. Legacy and technological solutions (18:30)!
Exchange rates (22:03).
Going to the airport tips (23:20)!
They usually don’t let you check bags until 3 hours earlier (26:12).
Going through security tips (27:05).
Get a NEXUS card if you can (28:53).
Long lines does not necessarily mean that it’s the right line to be in (29:53).
Keep your devices charged (31:22)!
Water bottles give you on-demand hydration! Don’t depend on the flight attendants to water you (31:35).
Acclimate to the new time zone before you get there (32:44)!
Get to customs first (34:44).
Please don’t block the luggage belt (36:19).
What does David do when he gets to his destination (37:42)?
Use the public transit feature on Google Maps to figure out how to get to where you gotta go (39:30).
If you need to use your home telecom provider abroad, have one phone roam and share the hotspot (40:08).
Be mindful of public wifi (40:58).
Be vigilant with your stuff depending on where you are (41:15).
Go shopping! Keep your receipts and get your tax exemption (42:15)!
Canadians have duty free exemptions (42:30).
Don’t lie to customs officers about what you’re bringing in to Canada (42:54).
Tips when you’re coming back home (44:30).
Shopping in Europe. Keep your passport on you (46:00).
The duty-free tax exemption has caveats (47:03).
What to do if you lose your luggage (48:15)?
What to do if you’re delayed (49:50)?
Phil shares his recent cancellation experience and explains the Canadian Air Passenger Protection Regulations (51:32).
Traveling is a gamble we’re all needing to take right now. Being nice to employees at the airport goes a long way (53:00).
16 Jun 2022
NYP-19: Surviving Inflation, Recession, Layoffs and a cold crypto winter. But we keep on building!
Our hosts David and Phil Ngo take Episode 19 to inform you about the macroeconomic picture relating to inflation, interest rate hikes leading to recession and possibly depression? This winter will be cold and winter has already arrived. Ethereum Merge updates also provided near the end for our crypto listeners. Learn how to make good, but hard decisions as leaders and survive this bear market. It's not all gloom and doom.
David has a message for his scammers cloning his Instagram accounts (2:07).
David gives us some tips on how to avoid being scammed (3:09).
Question everything and be skeptical. Especially when it comes to crypto and decentralized finance (7:40).
Crypto is still very much a "risk-on asset." Similar to other tech companies. They're all feeling the pinch. (9:43).
Interest rates near 0% means people were very risk-adverse (10:43).
Money is not free. Money printing doesn't make people richer (13:51).
People are feeling the pinch. David puts into perspective what interest rates going up means for you, especially as a homeowner (15:03).
1 in 4 homeowners may be forced to sell if interest rates keep going up (17:43).
When does the Federal Reserve or the Bank of Canada feel that they have raised high enough with hurting the economy the least (20:22)?
Looking at the downturn as an opportunity. Phil takes a glass half full perspective with many great opportunities to invest (25:39).
David explains an investing strategy called dollar cost averaging (26:43).
Canada's Finance Minister tries to fight inflation by spending more money... (28:09).
A note from us to business owners and entrepreneurs who have to make tough decisions due to market contraction (31:37).
Bringing valuations back to reality (34:35).
When you invest, you should do your own research. Know how they make their money! When Coinbase's revenue dries up, you must lay off workers.. 18% to be exact (37:35).
Not your keys, not your coins. The only crypto that is safe, is the crypto in your wallet where you control the keys (38:45).
Ethereum merge updates with Phil. TL;DR: It's coming (41:45)!
20 Oct 2021
NYP-18: Bitcoin for Newcomers Q&A and a new all time high for BTC!
Our hosts David and Phil Ngo take Episode 18 to help some newcomers to Bitcoin. This episode is to help give newcomers some basic practical concepts to Bitcoin so they can participate in purchasing and securely storing it.
Bitcoin hit its new all time high surpassing $66k (0:59)!
Information about this episode and why it's catered towards newcomers. Feel free to skip if irrelevant to you (1:49).
What is Bitcoin (3:41)?
Can Bitcoin be hacked (5:17)?
Correction Disclaimer: Phil meant to say that there are MORE private key combinations than grains of sand on the Earth (https://captainaltcoin.com/bitcoin-private-keys/), making it mathematically inefficient to crack Bitcoin's cryptographic algorithm (6:31).
Phil explains that Bitcoin itself has had issues in the past, but critical bugs have always been resolved and stands the test of time as being very secure (8:36).
Is it mainstream yet? Who is buying it (9:30)?
Phil thinks a lot of institutional money is flowing in now. The ProShares Bitcoin Futures ETF just launched (12:15).
It's important to understand WHAT you're buying and WHERE + HOW you're buying it (13:25).
We are implementing old traditional finance instruments and its problems into new tech which is supposed to get rid of those problems (15:05).
How do I buy/sell Bitcoin (17:00)?
Where you buy Bitcoin from is important. Are you actually buying it from a place that allows you to withdraw the actual asset and not a derivative of it (17:41)?
Cryptocurrency focused exchanges like Kraken (https://kraken.com) (19:23).
Be very careful about leaving cryptocurrency on an exchange or with some other third-party (20:15).
"Not your keys, not your coins." If you don't own the keys to where your coins are located, it's not yours (21:17).
Shakepay (https://shakepay.com/) allows you to buy Bitcoin and withdraw the asset to your own digital wallet (22:36)
How do I store/keep my crypto safe (23:27)?
Phil explains briefly about hardware wallets like Ledger (https://ledger.com) and Trezor (https://trezor.io/) (24:03).
Phil explains digital wallets on phone apps like Exodus (https://www.exodus.com/) (25:20).
Why your 12 word recovery phrase is SUPER IMPORTANT. (25:40).
NOBODY will ask you for your recovery phrase. Never give this out to anyone. Be very careful about phishing attempts. Whether that is a fake clone of an app or "customer support" looking to help you return your crypto (28:07).
When should I buy/sell crypto (29:30)?
Phil talks about the 200 week moving average metric (33:15).
We all love data (35:00).
We compare $20,000 BTC as the high of 2017 and compare it to $66,000 four years later (35:20).
Phil gets theoretical again and asks what gives a money its value (38:38).
David spoke to some younger financial advisors who are now learning about crypto (40:45).
Shownotes:
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