Want to deepen your content knowledge of cryptocurrencies? Join this conversation that Yanely had with Araceliz Gomes. 

As the founder and CEO of The Latina Investor, Araceliz Gomes is on a mission to help empower Latinas and women of color.  In her conversation with Yanely, Araceliz provides a master class to understanding cryptocurrencies. She explains the history, the mechanics of how it works, the key terms you should be familiar with and perhaps most importantly how to avoid getting scammed. Enjoy! 

Details:

• 0:00~0:46 Introduction
• 0:46~4:03 Araceliz and The Latina Investor
• 4:03~10:20 Interest in crypto 
• 10:20~18:11 History of currency and how cryptocurrency works
• 18:11~23:47 How the blockchain works
• 23:47~30:18 Important terms to understand cryptocurrency
• 30:18~30:39 A word from NGPF
• 30:39~34:57 Conceptualizing Blockchain in a classroom economy setting
• 34:57~44:54 How do mining and validation work?
• 44:54~50:30 Crypto scams and how to avoid them
• 50:30~52:17 Conclusion

Resources:

• The Latina Investor
• Araceliz’s Slides from the Session

Quotes:

• “What I want to clarify is that cryptocurrency is a currency. It’s not a multi-level marketing scheme… But if someone’s trying to get you to invest in cryptocurrency through them, it’s a red flag.” 

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NGPF offers a certification course titled Cryptocurrency Basics. Register for this course or others in the next cohort which begins in mid-October.  

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Check out our popular two part podcast with Morgan Housel, author of Psychology of Money (over 2 million sold)! 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.