What’s Your Ask? with Stephanie Sims
Business:Investing
Today, I’m excited to talk to Spencer Montgomery, the Founder of Uinta Crypto Consulting, a cryptocurrency training and mentoring program. He has been providing Bitcoin and cryptocurrency consulting and training for over 4 years.
Spencer has spoken to over 3000 people and has influenced over 5 million of crypto investing.
Spencer personally turned $13k into over $1.2M in 18 months back in 2017 and more impressively, sold in early 2018 protecting his earnings.
He has helped many friends and family 10x their money investing in crypto assets.
Spencer has a MBA and a B.S. in Electrical Engineering from Brigham Young University. Prior to starting his own company, Spencer was the Blockchain Evangelist for Microsoft.
In This Episode
Spencer shares what the offer was that he could not refuse. Back in September he was offered to join a coaching program for $4,000. The coaching program spoke exactly to a pain he was feeling and helped solved the problem. Since he had invested so much into it, he dedicated lots of time and energy to get the returns.
There are three things Spencer feels should be looked at when making a decision to spend money on something such as a coaching program.
In order to set himself apart from the rest of the “hype” to make connections, Spencer posts twice daily on his LinkedIn account with tips, information and education. Multiple times he hears he is a “breath of fresh air” when people are looking for something they can trust. He feels he is that person, and he is easy to pitch to.
Spencer feels that some buy out of fear of everyone else getting rich and sell because they are afraid they are going to lose money.
Risk profiles are different for everyone, but he helps people conquer fear and deal with loss aversion by understanding their motivations and what their goals are.
Spencer shares common myths in regard to crypto investing such as people believing the information they see or read is education and that all investing does not have to be crypto - they can start small.
Condensing the opportunity and showing people what they are missing is key.
Spencer shares his thoughts surrounding how crypto currency will impact the broader market, how people will do business and what the future holds or will evolve to. In addition, how will regulations change or what controls may come into play.
He feels technology has interrupted so many other industries, and they survived, so this should be no different.
In addition, Spencer shares information about NFTs.
Finally, Spencer wants everyone to know the risk/reward - not too many opportunities out there and just wants people to benefit from it. But you need to learn. If you don’t understand, you’re just gambling.
Links Mentioned:
Finance-Ability is a boutique consulting firm dedicated to helping business owners and startups find their best options for growth funding. Founded by financial strategist and transaction expert Stephanie Sims, Finance-Ability can help any business owner identify the right funding partners and get through fundraising as painlessly as possible.
Visit their website to take their online assessment test to help you find out which kind of funding is the best fit for your business right now. They also have a ton of resources to help you understand business processes and financial decision-making that can help you start and build your own empire so be sure to check them out.
Stephanie has over 20 years of experience having worked with companies like Goldman Sachs and CSFB. If there’s anyone with their heart in the right place when it comes to championing the dreams of small business owners and startup companies, Stephanie is that person. Let Finance-Ability help you get the funding you need and deserve to get your dreams soaring high towards your own brand of success.
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Episode 51: Authenticity, Asymmetry and Making a Connection with Investors
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Episode 48 - Discover How to Ask for "Smart" Money with Katy Campbell of Porsche Digital
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