Ep. 124 - $714,297 Lost - What Happens When You Get Paid in Bitcoin episode artwork

EPISODE · Feb 7, 2022 · 14 MIN

Ep. 124 - $714,297 Lost - What Happens When You Get Paid in Bitcoin

from The Good Financial Cents Show w/ Jeff Rose, CFP® · host Jeff Rose, CFP®

Imagine if you signed a contracting agreeing to get paid $750,000.  Then you make a decision that nets you only $35,703.     What made this decision turn out so bad?   We are talking about someone that is getting ready to play in his first Super Bowl, wide receive Odell Beckham Jr, who plays for the Rams.   02:12 Odell signed a deal with the Rams that paid him $750,000 and made headlines when he agreed to get paid for this deal in Bitcoin.   05:10 Because Odell lives in CA, the tax on this payment is 53.3%, right off the top.   09:05 I would be 'that guy' that would love to take this kind of risk - with a huge chunk of money - if it was money I could afford to lose.   12:02 If you are interested in Cryptocurrency and wondering if now is a good time to get in - yes, yes it is.   Here are a few platforms that are good for crypto investing:   Earn $50 With Celsius: https://wealthhackerlabs.com/celsius Earn up to $250 in bonus with Blockfi : https://wealthhackerlabs.com/blockfi   Check out my YouTube channel here. Follow me on Twitter and Instagram. 

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Ep. 124 - $714,297 Lost - What Happens When You Get Paid in Bitcoin

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