Ngo Your Potential 💡

View Details

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

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).

View Details

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)!

View Details

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, 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 (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 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 and Trezor (24:03).

Phil explains digital wallets on phone apps like Exodus (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:

View Details

Our hosts David and Phil Ngo take Episode 17 to go back to updating our audience on crypto!

Prices going back up! Thanks George Soros. (0:53).

China bans crypto... again. It is much more severe this time around though (3:51).

Opportunities for China have now moved elsewhere, like miners (6:15).

Blockchain can be used for good, but also for bad. It's the best surveillance & control tool on one end, but the most public transparent ledger for accountability (7:31).

People will always get what they want. Laws are only a barrier, but people are good at finding their way around things (9:40).

Government regulation is coming. An opportunity for the US to get it right. The SEC Chairman Gary Gensler is not planning to ban crypto (10:54).

Senator Elizabeth Warren has always been ignorant from the start about crypto (13:13).

Are regulations made to economically discriminate against poorer people or does it actually protect them? (15:58).

Accredited investor requirements in Canada and investing in startups (18:25).

Crypto has created millionaires and is arguably, the best wealth redistributor in modern history because anyone with the educational foresight had the opportunity participate freely, rather than being discriminated against based on their socioeconomic status (21:03).

Working for labour vs working for capital (23:43).

What is the Ethereum Merge? (27:05).

What the the Merge do to the economics of Ether supply? (30:04)

The Twitch Hack (34:32).

Shownotes:

Bankless Podcast 57 Ultra Sound Money | Justin Drake: https://www.youtube.com/watch?v=bWqhn1hXvVc https://open.spotify.com/episode/4uDTV0m5w5D7rKyO3kNIDC?si=98973b30e0944dc6 Follow Us and Subscribe: www.ngoyourpotential.com

View Details

Our hosts David and Phil Ngo take Episode 16 to "Phil" you in on our summer hiatus,

David tells us about his summer adventure out in Western Canada (1:34).

David tells us about the road trip which involved trading off beautiful scenery with puking (3:16).

Phil tries to sell everyone on visiting Western Canada (5:03).

Phil took a break from entrepreneurship to go back to being an employee (5:40).

David and Phil discuss the remote working life and why companies need to adapt to fit this (8:39).

They speak to how these companies benefit the world economy by providing opportunities to people around the world who may not have a stable financial system to work with (10:25).

David discusses what it's like to network in a post-covid era (13:06).

A lot of people reached out to David asking how to invest in an era of near 0% interest rates (13:50).

Real estate comes to mind (15:45).

Phil re-iterates how money works and why real estate prices keep going up (18:13).

The big issue is also wage stagnation, COVID, and supply chain issues stemming from the pandemic (20:17).

Everything is going up in price.. or is your dollar just getting weaker because of inflation (22:50)?

Helicopter Money (24:46).

The market is not pricing labour properly (27:30).

David explains how his broken dishwasher is a sign of supply/demand imbalances (28:26).

Phil ensures people appreciate and recognize the luxurious and privileges we have to be living in a stable western world (30:05).

It all comes back to how much you value your time (31:16).

Every generation has their own problems and priorities (33:04).

Teaching privilege to your children (33:58)!

I hope our kids can figure how to help society, help the world because they grew up with less struggles (36:28).

Our plans for this upcoming season of the podcast (39:22)!

Shownotes:

View Details

Our hosts David and Phil Ngo take Episode 15 to interview Jonathan Epstein, founder of the Let's Fucking Go mentality.

Jonny explains why destructive habits like creating excuses for yourself or taking shortcuts in life create a life of unhappiness (2:15).

Happiness really begins with taking care of yourself (4:13).

Jonny explains how he realized from a business conference that he was poisoning his body with alcohol and bad food. He required a detox and a change in his lifestyle habits to start caring for himself and his health. “I’m doing this for myself, I need to fix myself.” (5:00).

He started to realize the positive change his habits had on his health before it became a larger issue. Jonny explains how setting timelines and goals for yourself is how you achieve it (9:40).

"You have to be your own cheerleader." If you don’t appreciate yourself, you’re depending on other people giving you attention for what you’re doing and that will eventually fade (13:00).

Jonny then explains how the pandemic had originally concerned him and his ability to stay focused while maintain his achievements (13:42).

Despite the pandemic, he focused on how to keep this routine going (15:55).

Jonny explains what is missing as part of the process was consistently having goals. It is just as important to level up your life, not just staying complacent once you achieve previous milestones (17:55).

Jonny explains how to compete against yourself. His running journey began and helped develop this LFG Mentality we know today (19:20).

Jonny realizes evolution in how he views and deals with problems. He learned to incorporate tools to deal with emotions and pressures of his personal life (21:03).

Jonny learned what it’s like to learn how to be upset without having it affect other parts of his life. Keep moving forward. Progress over perfection (24:00).

Jonny shares the story of how David got involved with running and achieving the LFG mentality by understanding that glass ceilings he set for himself was the problem. Your mind is what’s stopping you (27:05).

Eventually, it got to a point where Jonny was excited to see other people achieving their goals (32:50).

Jonny explains how the extended lockdowns created an opportunity to help others get through their own pandemic ruts (33:21).

How did the running group got start? It lead to a group of people becoming inspired to achieve goals and competing against yourself (36:25).

The LFG mentality and how it came to be today (40:06).

David was originally hesitant about joining the group. All it took was understanding (40:46).

How the structure of LFG got to what it is today. Now we’re on to Challenge 5 which brings the community to the next level (42:22).

Jonny explains the community guidelines. Why it’s important to define your own goals and put yourself out of your comfort zone (43:02).

"It’s better to try and fail than to never try at all." The lack of accomplishment is what puts people in the rut. You need to get yourself out of it. It’s up to you to figure out how to get back up (44:42).

We are creating a community of like-minded people (47:09).

Jonny shares some success stories of the LFG challenge (49:59).

Inspire and motivate others. Ignore the haters (54:58).

What is the new Goalify app used for this challenge going forward (56:17)?

How do we get involved (1:04:15)?

Shownotes:

Let's F*cking Go Mentality: https://www.instagram.com/thelfgmentality/

Jonathan Epstein: https://www.instagram.com/jonnyeps/

View Details

Our hosts David and Phil Ngo take Episode 14 to explain Dogecoin as it gains 500% in value within the last 7 days. Elon Musk keeps talking about it, retail traders keep mentioning it. We felt this episode would be good to give you a basic background on what it is and two very different perspectives on it.

Phil explains how it technically came about as a "fork" of other blockchains (3:12). David gives a historical perspective on Dogecoin, its pricing and usage (3:48). David gives us some parameters of how the Dogecoin protocol operates and its coin inflation (6:47). Phil explains how Dogecoin's protocol operation doesn't fit the "scarcity" property of what sound money should be (7:58). Phil describes how this Dogecoin bull run is very similar to the momentum of retail "social media" traders and what happened to Gamestop (11:10). David explains the concept of a "pump and dump" which has a lot of similarities to what is happening with the DOGE price (12:45). David explains his reasoning as to why momentum trading has its merits to make money (15:54). Phil explains a common flaw of investors looking at absolute price numbers without taking into account other factors (17:38). David reiterates the importance of perceived value and what people want to believe in and where they want to put their money (19:56). Phil explains his reasoning as to why he doesn't think it is fundamentally sound to put money into Dogecoin (21:32). We explain coin circulating supply and identify a Dogecoin wallet that holds 28.4% of the supply (23:33). Phil does acknowledge the popularity of its brand and has some future potential of utility if certain things are done, but unlikely to succeed as an investment (28:06).

Shownotes:

Largest Dogecoin Wallet Holder: https://bitinfocharts.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

View Details

Your hosts David and Phil Ngo take Episode 13 to explain how to maintain and achieve your goals through the #LetsFuckingGo mentality and 3-week long challenge. You are capable of anything if you set your mind to it. Master your mind and defy the odds as David Goggins, author of "Can't Hurt Me", would say.

David explains how #LFGMentality has allowed him to SHOW UP and record our episode even though he's suffering the effects of catching COVID-19. (0:44). Bitcoin surpasses $64,000 USD and Coinbase makes its public market debut (1:38). Canada enters its 3rd lockdown so what else is there to do but stare at a Bitcoin price chart (3:46)?

David introduces us to this #LFGChallenge and this #LetsFuckingGo mentality and how it has positively changed our lives for the better during lockdown (4:47). We talk about how the #LFGChallenge group has allowed us to socially motivate each other whilst being physically disconnected due to lockdown (8:49). Phil explains how this group allowed him to rediscover running after leaving the military and getting back into shape despite lockdown restrictions on fitness facilities - stop making excuses for yourself (10:44). David explains why he hates running and was scared to restart it before the #LFGChallenge (11:38). Phil explains how #LetsFuckingGo mentality is about changing your mindset on how you view challenges (13:15). Phil and David explain how they're the physically strongest, happiest they've ever been because of #LFGMentality and turning excuses into action. Investing in yourself (19:22). David explains how the challenge works and how to join this through Jonny Epstein (23:50).

David's explains his COVID-19 symptoms and why it sucks (29:13). David also explains how inconsistent some of the tests can be, especially with rapid antigen tests (37:36).

Shownotes:

Follow Jonny Epstein on Instagram: https://www.instagram.com/jonnyeps/

Can't Hurt Me by David Goggins: https://davidgoggins.com/book/

View Details

Your hosts David and Phil Ngo take Episode 12 to talk more about blockchain! More specifically, Paypal now allows U.S. customers to spend their crypto and Visa pilots settlements with digital dollar stablecoin USDC on Ethereum! So this leads us to, what is Ethereum? Phil Ngo explains what Ethereum is, how it is different from Bitcoin and what it's capable of doing. It's the second largest blockchain by market capital and pioneered smart contracts. Learn about what kind of cool things like NFTs are being built in Ethereum and how you can participate!

Shownotes:

Visa utilizes Ethereum (USDC) to settle transactions: https://usa.visa.com/visa-everywhere/blog/bdp/2021/03/26/digital-currency-comes-1616782388876.html

Paypal allows U.S. customers to spend crypto at millions of merchants: https://www.reuters.com/article/us-crypto-currency-paypal-exclusive-idUSKBN2BM10N

What is Ethereum?: https://ethereum.org/en/what-is-ethereum/

Tim Farris Show Episode 504 with Vitalik Buterin (creator of Ethereum): https://tim.blog/2021/03/08/vitalik-buterin-naval-ravikant/

Bankless Podcast Episode 57 with Justin Drake (Eth2 Researcher): http://podcast.banklesshq.com/57-ultra-sound-money-justin-drake

View Details

Your hosts David and Phil Ngo take Episode 11 to talk about something we all definitely miss: traveling. We speak of our tips and recommendations for getting started on how to hack your way to the skies. We like to call it "ballin on a budget." We discuss airline reward programs, points calculation, points value, churning and some resources to get you flying like a rockstar. It was also important for us to explain why traveling is an essential part of life and how to expand your knowledge beyond your borders.

Shownotes:

Prince of Travel: https://princeoftravel.com/

One Mile At A Time: https://onemileatatime.com/

FlyerTalk: https://www.flyertalk.com/

The Points Guy: https://thepointsguy.com/

View Details

Your hosts David and Phil Ngo take Episode 10 with Support By Blue's CEO/Founder Tom Masterson to showcase their technology being used to help caregivers during stressful and vulnerable times. We discuss the power of branding, network effects, company goodwill and being a co-founder having dealing with raising capital.

Shownotes:

Support By Blue: supportby.blue

Tom Masterson LinkedIn: linkedin.com/in/mastersonthomas/

View Details

Your hosts David and Phil Ngo take Episode 9 to motivate you about conquering your fears about failure. It's important to keep striving and trying new things to maximize your potential for success. You miss 100% of the shots you don't take. Neither David or Phil had a straight path in life and the various life experiences throughout their journeys can hopefully allow yours to be full of new opportunity and help you find your potential. Learn from your failures, stop fearing failure, let go of your ego and stop taking it personally. The path of success is never straight.

View Details

Your hosts David and Phil Ngo take Episode 8 to celebrate $50k Bitcoin and answer our audience questions about the economy, We discuss our own investment theses, our perspective about looking at Bitcoin long-term, why corporations are getting involved and a basic introduction into Ethereum. Phil Ngo also discusses some basics about the Ledger hardware wallet and how to keep your residential address safe from inadvertent leaks.

View Details

Your hosts David and Phil Ngo take Episode 7 to talk with @hungrydiana (Dumpling Queen) about the positives of the COVID-19 pandemic, entrepreneurship and making the leap from corporate to self-employment.

View Details

Your hosts David and Phil Ngo take Episode 6 to discuss the recent acquisition of $1.5B worth of Bitcoin by Tesla, answering your questions about Dogecoin and providing some insight to how the $1.9T stimulus in the United States may affect the economy.

Shownotes:

Microstrategy Bitcoin World Summit 2021: https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit

Bitcoin Price Rockets After Elon Musk’s Tesla Reveals It Bought $1.5 Billion Worth Of Bitcoin: https://www.forbes.com/sites/billybambrough/2021/02/08/bitcoin-price-rockets-after-elon-musks-tesla-reveals-it-bought-15-billion-worth-of-bitcoin/

Twitter: $1200 Stimulus Is Now Worth: https://twitter.com/BitcoinStimulus

View Details

Your hosts David and Phil Ngo take Episode 5 to talk about how COVID-19 has changed many aspects of our lives, its effect on business, the future economy and how we may be living in the post-pandemic future.

Shownotes:

CTV News - Online investment scam costs Toronto-area woman $80,000: https://toronto.ctvnews.ca/online-investment-scam-costs-toronto-area-woman-80-000-1.5291379

CBC News- Edmonton woman out $320 as e-transfer fraudsters cash in during pandemic: https://www.cbc.ca/news/gopublic/etransfer-fraud-pandemic-1.5889910

View Details

Your hosts David and Phil Ngo take Episode 4 to explain stock shorting, r/wallstreetbets and why Wall Street finance is broken.

Shownotes:

WallStreetBets: https://www.reddit.com/r/wallstreetbets/

DeepFuckingValue: https://www.reddit.com/u/deepfuckingvalue

Chamath Palihapitiya on CNBC's Halftime Report: https://www.cnbc.com/video/2021/01/27/watch-cnbcs-full-interview-with-chamath-palihapitiya-on-gamestop-and-reddit-fueled-surge.html

AOC's Tweet about Robinhood: https://twitter.com/AOC/status/1354830697459032066

View Details

Your hosts David and Phil Ngo take Episode 3 to explain basic monetary economics and getting yourself involved with Bitcoin and digital currency.

Shownotes:

Additional Blockchain Q&A: https://ngoyourpotential.substack.com/p/bitcoinblockchain-q-and-as

Bitcoin Treasuries disclosed by public companies: https://bitcointreasuries.org

Stock to Flow Ratio by 100trillionUSD: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Mt. Gox Hack 2013: https://thenextweb.com/hardfork/2019/03/14/a-brief-history-of-mt-gox-the-3b-bitcoin-tragedy-that-just-wont-end

QuadrigaCX 2019: https://www.osc.gov.on.ca/quadrigacxreport/

Exodus Wallet: https://exodus.io

Ledger Hardware Wallet: https://www.ledger.com

Trezor Hardware Wallet: https://trezor.io

View Details

Your hosts David and Phil Ngo take Episode 2 to explain to you what money is, why Bitcoin has value, what is blockchain and why saving money in fiat currencies is a losing game. In Layman's terms.

Shownotes:

M2 Money Supply: https://fred.stlouisfed.org/series/M2

WTF Happened in 1971: https://wtfhappenedin1971.com

Bitcoin Whitepaper: https://bitcoin.org/bitcoin.pdf

Public Treasuries of Bitcoin: https://bitcointreasuries.org/

Follow Us and Subscribe: https://ngoyourpotential.com

View Details

Your hosts David and Phil Ngo take Episode 1 to introduce themselves, teach you how to pronounce N-G-O, our podcast's future episodes, how this podcast came to be. why this podcast is essential to creating more value in your life and Ngo your own potential.

Ngo Your Potential 💡: Recent Episodes

David & Phil Ngo