‘People Want to Work Smart, Not Hard’: Introducing ‘New Money’

How bash you marque money? Most of america inactive person accepted jobs wherever we enactment 9-5 each day. But a increasing legion of societal media stars, athletes and celebrities are showing that different satellite is possible. They’re showing you tin make wealthiness with crypto and unrecorded independently with it.

“New Money With Spencer and Solo” is simply a caller amusement devoted to radical who’ve taken large risks and got rewarded for it. People similar Matt James of “The Bachelor.”

“I’ve gotten to wherever I’ve gotten to by doing things that different radical wouldn’t do,” helium tells co-hosts Spencer Dinwiddie (the National Basketball Association star) and tech entrepreneur Solo Ceesay.

James has bought into crypto the aforesaid mode helium bought into “The Bachelor,” with passionateness and a consciousness of adventure.

The caller 12-part series, which debuts today, features R&B vocalist Mario, Foye Oluokun (Atlanta Falcons), Renee Montgomery (Atlanta Dream) and influencers with a cumulative pursuing of 30 million-plus. Each impermanent has fascinating stories to archer astir however they made it to the apical investing successful non-fungible tokens (NFTs), gaming and monetizing their idiosyncratic brands.

We caught up with Solo and Spencer to preview “New Money” and get a consciousness of what we tin expect. This interrogation has been condensed and shortened for brevity.

The lines are open: "New Money" has its ain telephone number. Send a substance to 712-NEW-MNY6 to subscribe to occurrence updates and nonstop questions to guests and hosts.

CoinDesk: What bash you mean by “new money”?

Ceesay: New Money mostly refers to a new, cutting-edge mode of reasoning erstwhile it comes to generating idiosyncratic income and, hopefully, alpha. On the amusement we chiefly absorption connected however entertainers are monetizing themselves beryllium it done societal media, endorsement deals, oregon investing. We coined the operation ‘new money’ arsenic a shorthand means to notation to this caller mode of reasoning and yet created the amusement to bring consciousness astir this mode of reasoning to some municipality and find audiences.

Why bash we request caller money? Isn’t the aged wealth benignant of OK?

Dinwiddie: The satellite we unrecorded successful contiguous is built connected the thought of convenience, and the top forms of innovation since the opening of clip person made each of our lives easier. That’s what caller wealth is about. It’s astir uncovering much businesslike ways to make asymmetric output and bushed inflation. In today’s time and age, radical privation to enactment smart, not hard. And the tone of caller wealth arsenic a programme is to exposure viewers to things they haven’t seen before.

You’ve said you privation to assistance bring crypto mainstream. What are the challenges and opportunities for doing that?

Ceesay: 100%. The biggest situation erstwhile it comes to bringing crypto mainstream is the information that astir of the acquisition tools retired determination mightiness arsenic good beryllium written successful overseas languages. The astir important happening successful teaching anyone thing is that it needs to beryllium digestible successful a mode that tin beryllium heard by the people audience. “New Money With Spencer and Solo” did conscionable that by doing distant with dense method jargon done light-hearted conversations betwixt friends connected a couch. How did you get into crypto? What’s your “down the rabbit hole” story?

Dinwiddie: I really had a person that worked connected Wall Street [not Solo] that told maine astir it successful 2014. At that constituent successful clip I was excessively acrophobic to truly dive successful truthful I missed retired connected the aboriginal affirmative terms action. That aforesaid person mentioned it to maine again successful 2017 and I took a chance. It was thing much than [Las] Vegas gambling to commencement but yet I recovered myself reading, listening to podcasts and researching some blockchain and crypto successful my clip distant from the court.

Ceesay: A fig of my friends had introduced crypto to maine implicit the years but it wasn’t until Spencer brought it up to maine again successful 2018 oregon truthful that I truly dove in. But my communicative was rather unsocial successful that Spencer wanted to leverage some blockchain exertion arsenic good arsenic my expertise successful securitization to tokenize his NBA contract. After galore conversations astir the possibilities astir tokenization, I rapidly saw the merits of the exertion and however it was undeniably the future.

Catch the commentary aft the amusement each Wednesday aft the episode. Solo Ceesay and Matt James volition instrumentality your questions: Send a substance to 712-NEW-MNY6 and ticker them unrecorded connected YouTube.

Who is your favourite impermanent from the archetypal bid and why?

Dinwiddie: This is tough! But I americium going to person to spell with my lad Chef Hoppie. He is unapologetically himself and truly embodies the thought of “new money.”

Ceesay: I americium going to instrumentality the blimpish attack and accidental each the amusement guests connected play 1 were astonishing but I indispensable accidental I americium decidedly looking guardant to occurrence six that features award-winning R&B creator Mario – that speech was a blast to record.