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    The Collapse of FTX: What Went Wrong With Sam Bankman-Fried’s Empire?

    enDecember 23, 2022

    About this Episode

    Crypto investors have had their share of market meltdowns this year. Last month, all eyes were on the cryptocurrency exchange FTX, whose founder and former CEO, Sam Bankman-Fried, was recently arrested by Bahamian authorities in connection with multiple fraud charges involving FTX.

     

    The FTX collapse has sent shockwaves through the crypto space and will likely continue to do so for some time. But how exactly did a once multi-billion dollar company implode so spectacularly?

     

    In the last episode ​​of this four-part series on cryptocurrency, Dylan attempts to make sense of the dumpster fire that is the FTX collapse. Who is Sam Bankman-Fried? Where did things go wrong for FTX? What are the broader consequences of this fiasco for the cryptocurrency industry? And what can we learn from all of this?

     

    Show Highlights

     

    • [03:29] On Sam Bankman-Fried’s background
    • [07:54] What FTX is
    • [09:58] Why it’s not unusual for startups to be dumpster fires
    • [13:38] On Alameda Research and Caroline Ellison
    • [20:23] On the relationship between FTX and Alameda
    • [23:06] The beginning of the end for FTX
    • [28:12] Why the FTX collapse gets compared to Enron
    • [31:00] On Sam Bankman-Fried admitting to fraud in YouTube interviews
    • [38:07] Takeaways from the FTX scandal

     

    Links and Resources

     

     

    Books Mentioned

     

    Recent Episodes from Intuitive Finance with Dylan Bain

    Rivers of Change: Leading the Charge for a More Authentic Life

    Rivers of Change: Leading the Charge for a More Authentic Life

    We’re shifting the focus from finance to a broader exploration of creating a more human-centered world–drawing inspiration from a story by Desmond Tutu. He reflects on his experience in financial coaching, highlighting the realization that financial issues often stem from deeper emotional and systemic problems.

    With society losing touch with its humanity in various aspects, including relationships, emotions, and lifestyle choices, there’s a need to reevaluate our approach to food, relationships, expressing emotions, and lifestyle to build a more fulfilling and human-centered life.

    Join us on a transformative journey in this new episode!

     

    Show Highlights

    • [00:36] Reflections on a powerful story heard from Desmond Tutu

    • [02:44] Observations about people's finances

    • [05:46] The systemic issues within the current societal structure

    • [08:58] The shift in the food industry

    • [15:46] Challenges in expressing emotions, and the lost human elements in relationships

    • [19:40] Shift in the podcast's focus

    • [21:15] Introduction to Ascendant Legion

     

    Links and Resources

    🟢 Traver Boehm Episode → fiscallysavage.libsyn.com/farewell-nice-guy-welcome-the-uncivilized-man-with-traver-boehm

    🟢 Jordan Gray Episode → fiscallysavage.libsyn.com/relationships-and-moving-forward-with-jordan-gray

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain

    The Keys to Healthier Relationships and Communities with Amy McAllaster

    The Keys to Healthier Relationships and Communities with Amy McAllaster

    Today’s guest, Amy McAllaster, is a counselor and coach with a practice in Littleton. We explore various aspects of relationships, mental health, and societal challenges. Amy shares insights into the obstacles couples face, the impact of societal expectations on men, and the need for authentic and intentional communities. 

    Join us in this insightful episode as we cover various topics such as building meaningful connections, addressing attachment wounds, and cultivating a healthier, more connected society!

     

    Show Highlights

    • [00:36] Introduction of the guest, Amy McAllaster

    • [02:42] The concept of the conscious relationship

    • [11:02] On creating authentic spaces to be vulnerable

    • [14:36] Two key pieces on how to make a relationship work

    • [16:44] What most men feel objectified about

    • [20:25] The importance of strong connected relationships

    • [22:22] Erasure of men's experiences

    • [24:11] Obstacles couples face

    • [26:21] On men feeling lonely but not recognizing it as such

    • [28:48] Impact of systemic issues in communities

    • [29:58] The importance of both healthy family systems and broader communities

    • [41:33] Free-range parenting

     

    Links and Resources

    🟢 Amy McAllaster’s Instagram → Instagram.com/AmyMcallaster

    🟢 Amy McAllaster’s Facebook → Facebook.com/Amy.Mcallasterschmitz

    🟢 Amy McAllaster’s LinkedIn → Linkedin.com/in/amy-mcallaster-ma-ma-lpc-ba2959145

    🟢 Amy McAllaster’s Website → AmyMcallaster.com

    🟢 Amy McAllaster’s Counseling Website → AmysCounseling.com

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain

     

    Books Mentioned

    🟢 How We Love by Kay Yerkovich, Milan Yerkovich → howwelove.com/shop/how-we-love-book

    🟢 Attached by Amir Levine, Rachel S. F. Heller → attachedthebook.com

    🟢 The Feminine Mystique by Betty Friedan → amazon.com/Feminine-Mystique-50th-Anniversary/dp/0393346781

    “Human-Centered”: Redefining Success in the Financial Battlefield (REBROADCAST)

    “Human-Centered”: Redefining Success in the Financial Battlefield (REBROADCAST)

    When did we start letting numbers define us as human beings? The amount of money you have in the bank, your credit score, your net worth – these all indicate something important in our modern, currency-driven world. But the one thing it shouldn’t define is who we are.

    In this latest episode of Intuitive Finance, join us as we dive into bringing relationships back at the heart of personal finance and redefining what it really means to be successful in our money stories.

     

    Show Highlights

    • [02:59] The quantifiable versus the experiential

    • [04:26] Bringing relationships back into focus

    • [06:59] From “I’ll get the next one” to creating currency

    • [09:03] The creation of debt instruments

    • [11:40] Proposing a new financial revolution framework

      1. [11:59] Being human-centered

      2. [13:53] Establishing meaningful interactions

      3. [15:45] Redefining success

     

    Links and Resources

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/FiscallySavage

    The Indispensable Man: Embracing Courage in a Changing World with Kristofor Healey

    The Indispensable Man: Embracing Courage in a Changing World with Kristofor Healey

    In this episode of Fiscally Savage, we sat down with Kristofor Healey – a seasoned speaker, accomplished author, and former law enforcement officer. He shares his experiences in law enforcement, emphasizing the importance of living a life with valor, rooted in courage and the pursuit of virtue.

    From navigating the ever-changing landscape of life and technology to Bitcoin and AI, join us and get inspired to face adversity, take risks, and find ways to test your mettle, even if it means stepping out of your comfort zone.

     

    Show Highlights

    • [00:56] What makes a man indispensable

    • [16:14] The six f’s

    • [18:07] AI, and being an early adopter of technology

    • [28:50] The concept of living with valor

    • [33:38] Applying valor in daily life

    • [37:14] Trauma in law enforcement and military

    • [41:43] Importance of recognizing and dealing with trauma

    • [47:18] Living in the present moment

    • [50:20] Where to find Kristofor Healey

     

    Links and Resources

    🟢 Kristofor Healey’s Instagram → Instagram.com/Team_Healey

    🟢 Kristofor Healey’s LinkedIn → Linkedin.com/in/Kristofor-Healey

    🟢 Kristofor Healey’s Website → KristoforHealey.com

    🟢 Kristofor Healey’s Podcast → Podcasts.apple.com/us/podcast/the-indispensable-man/id1617140364

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain

     

    Books Mentioned

    🟢 Indispensable: A Tactical Plan for the Modern Man by Kristofor Healey → dl.bookfunnel.com/nv9djudjrxadamsmith.org/the-wealth-of-nations

     

    Away From Conscious Misalignment with Jordan Gray (REBROADCAST)

    Away From Conscious Misalignment with Jordan Gray (REBROADCAST)

    Sometimes, misery and shame is comfortable. It’s always been in your life. It’s predictable. It’s safe.

    But until when can you keep this in your reality and in your relationships? Until when can you keep holding yourself back? Until when do you plan to continue on the path of conscious misalignment?

    Let’s give a warm welcome to our guest Jordan Gray as he lends us his expertise to answer all our questions about relationships and how we deal with shame, reality, and all the other obstacles that keep us from moving forward.

    Join us in this special episode of Intuitive Finance as we reimagine your relationship and money story.

     

    Show Highlights

    • [01:53] Jordan’s journey into relationship coaching

    • [04:24] The actual goal of relationship coaching

    • [08:06] Shame and fear as defense mechanisms

    • [13:38] Shame as a safety blanket

    • [19:15] Shame as something predictable

    • [21:44] Having the right relationship with reality

    • [25:17] Dealing with and moving forward from the now

    • [31:01] The path to openness and saying yes

    • [37:57] The big stumbling blocks to moving forward

     

    Links and Resources

    🟢 Jordan Gray Consulting → JordanGrayConsulting.com

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/FiscallySavage

    The Dynamic Nature of Grief and Its Role in Personal Development with Ryan Conklin

    The Dynamic Nature of Grief and Its Role in Personal Development with Ryan Conklin

    Discover the transformative power of grief as Nature Rooted, Transformational and Leadership Coach, Ryan Conklin, dissects the complexity of grief, and the importance of intentional community building for personal and professional transformation.

    From personal experiences to life transitions, Ryan explores diverse forms of loss, the fear surrounding grief and the misconceptions of "getting through" it, and how you can honor and celebrate these thresholds instead. 

    Tune in and learn the role of grief, the consequences of suppressing it, and how when embraced, it becomes a catalyst for personal growth!

     

    Show Highlights

    • [01:12] What makes a life transformation

    • [10:54] Ryan’s experience with fear

    • [14:47] Why you should honor grief instead of suppressing it

    • [22:57] Different forms of loss, and ceremonies for life transitions

    • [27:54] Grief and uncertainty about what's on the other side

    • [32:09] The concept of "the land", and the role of community

    • [38:27] The importance of intentional community building

    • [41:40] On creating ripples of transformation

    • [45:08] Where to find Ryan Conklin

     

    Links and Resources

    🟢 Ryan Conklin’s Instagram → Instagram.com/ConklinChronicles

    🟢 Ryan Conklin’s LinkedIn → Linkedin.com/in/Ryan-Conklin-12947640/

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain

    Value Versus Extraction: The Relation Between Ethics and Finances

    Value Versus Extraction: The Relation Between Ethics and Finances

    In this episode, we venture into a nuanced exploration of the intricate relationship between ethics and finances.

    In a world where judgment often accompanies discussions about money, we are here to explore reshaping the narrative, guiding you towards a healthier understanding of the ethical dimensions of finance.

    How do we tell apart ethical and non-ethical systems? What are the telltale signs? Where do we fall in all of this, and what responsibilities do we have? What should our priorities be?

    Elevate your awareness of the profound connections between value, ethics, and our own money stories, only here on Intuitive Finance.

     

    Show Highlights

    • [02:24] The relation between money and ethics

    • [07:26] Ethical systems and value

    • [10:26] Non-ethical systems and extraction

    • [15:49] "Capital S" Systems versus personal systems

    • [20:26] Prioritizing your personal system

     

    Links and Resources

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain

    The Alchemy of Brazilian Jiu-Jitsu and Anthropology with Robert Wunderlich

    The Alchemy of Brazilian Jiu-Jitsu and Anthropology with Robert Wunderlich

    Our guest in this episode is Mr. Robert Wunderlich. A husband and a father, Robert also holds a master’s degree in anthropology from the University of Wyoming and holds a 3rd degree black belt in Brazilian jiu-jitsu. He has also been a certified UNcivilized Men’s coach since 2021.

    Robert has been consistently training since 2004 and received his black belt under Dave Ruiz in December 2012. He now operates the Shokunin Brazilian Jiu-Jitsu Association and the Academy of Brazilian Jiu-Jitsu Arvada.

    Join us as Robert delves into the application of Brazilian jiu-jitsu practice in life, the enormous effects of small mindset shifts, and how knowledge from both anthropology and Brazilian jiu-jitsu has helped shape his approach to both disciplines. We also delve into the importance of diversity and the importance and impact of just taking the next step.

    Hit play now.

     

    Show Highlights

    • [02:51] How BJJ practice relates to life

    • [10:45] Success, patience, and setting expectations

    • [15:35] The kind of life Robert wants

    • [22:58] The effect of a small shift in mindset

    • [26:32] Like Intuitive Finance? Please leave us a five-star rating!

    • [28:32] How jiu-jitsu informed Robert's path in anthropology and vice versa

      • [29:04] Culture, language, and diversity

      • [43:12] What drives the conflict

      • [44:33] Anthropology in jiu-jitsu coaching

    • [48:59]  The most important step is the next step

    • [54:09] Where to find more Robert Wunderlich

     

    Links and Resources

    🟢 Nexus Coaching Services → NexusCoachingServices.com

    🟢 Robert Wunderlich’s Instagram → Instagram.com/WunderBJJ99

    🟢 The Academy of Brazilian Jiu-Jitsu Arvada → ArvadaJiuJitsu.com

    🟢 The Academy of Brazilian Jiu-Jitsu Arvada’s Instagram → Instagram.com/TheAcademyBJJ

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/TheDylanBain 

     

    Books Mentioned

    🟢 The Omnivore’s Dilemma by Michael Pollan → MichaelPollan.com/books/The-Omnivores-Dilemma

    🟢 The Lion Tracker’s Guide to Life by Boyd Varty → BoydVarty.com/book/The-Lion-Trackers-Guide-To-Life

    Solutions Over Profits: The Actual Root of the Problem

    Solutions Over Profits: The Actual Root of the Problem

    When you have a problem, you have two options. You can either solve the problem you have right now or go out of your way to figure out what is causing the problem in the first place.

    In most cases nowadays, we often opt for the first option for one primary reason: profit.

    So how do these ineffective “solutions” in turn affect us individually, and what can we do to not get trapped in the same mindset?

    Join us on an all-new Intuitive Finance now.

     

    Show Highlights

    • [00:36] The babies in the river

    • [05:12] Looking at the root of the problem

    • [09:17] Communities and things that make life worth living

    • [15:01] 2024 as the year of apotheosis

    • [17:37] Dylan’s new men’s group

    • [19:51] Like Intuitive Finance? Please leave us a five-star rating!

     

    Links and Resources

    🟢 Intuitive Finance with Dylan Bain → DylanBain.com

    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit

    🟢 Instagram → Instagram.com/TheDylanBain

    🟢 Threads → Threads.net/@TheDylanBain

    🟢 Facebook → Facebook.com/FiscallySavage

    🟢 Twitter → Twitter.com/FiscallySavage

     

    The Age-Old Art of Storytelling with Kymberlee Weil

    The Age-Old Art of Storytelling with Kymberlee Weil

    Kymberlee Weil’s resume speaks for itself. Among the sea of awards, she is also a founder of an award-winning software company, an author, trainer of TEDx speakers, improv comedy performer, among many countless accolades. But in this week’s episode, she lends us her experience in how to tell a story and how to tell it effectively to an audience.

    Join us in Intuitive Finance as the magnificent Kymberlee Weil talks about the age-old superpower that is stories, and how we can affect change by telling a great one.

     

    Show Highlights

    • [02:06] The power of stories
    • [04:56] The connection piece in telling stories
    • [11:17] Refining your storytelling process
    • [15:24] Improv and becoming quicker on your feet
    • [51:29] Like Intuitive Finance? Please give us five stars!
    • [28:10] Gauging your audience
    • [32:52] What does your audience need?
    • [37:17] Playing and making things more interesting
    • [48:34] Where to find more Kymberlee Weil

     

    Links and Resources
    🟢 Storytelling School → StorytellingSchool.com
    🟢 Storytelling School Podcast → StorytellingSchool.com/Podcast
    🟢 Storytelling School Instagram → Instagram.com/StorytellingSchool/
    🟢 Intuitive Finance with Dylan Bain → DylanBain.com
    🟢 Intuitive Finance Toolkit → DylanBain.com/Toolkit
    🟢 Instagram → Instagram.com/TheDylanBain
    🟢 Threads → Threads.net/@TheDylanBain
    🟢 Facebook → Facebook.com/FiscallySavage
    🟢 Twitter → Twitter.com/FiscallySavage