Cryptocurrency is part of the mainstream conversation and in the news, but should it be a part of your investment plan?

We decode the terminology and go over the difference between speculation and investments. 

Should We Invest in Cryptocurrency?

We’re talking about a topic that’s been popping up all over – cryptocurrency. 

Just this year alone, Bitcoin, Ethereum, and others are on a roller coaster ride.

Coinbase went public just this April. 

I’ve gotten questions first about exactly how these currencies work and second, if it’s something to invest in.

In some cases, one of you is all excited to jump in this new opportunity while the other is skeptical or against it. 

Like any major decision, it’s important for your marriage and money to discuss your options and see if it fits in with your goals and financial plan. 

In this episode, we get into: 

• the essentials about blockchain technology, NFTs, and some of the biggest currency
• Why you should 
• what to consider as you two discuss whether crypto currency is right for you

We got plenty to cover so let’s get started!

Resources to Learn More About Cryptocurrencies and Keep Tabs on Your Money

• Best Budget and Money Apps: Personal Capital, Tiller, Mint
• Jumpstart Your Marriage and Your Money
• Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
• Ethereum.org
• Ethereum Whitepaper by Vitalik Buterin
• DogeCoin
• NFTs, Explained
• Blockchain and Money – MIT Open Courseware
• Like it or not, you should probably start paying attention to bitcoin
• The blockchain catalyst for change
• How blockchain can solve the payments riddle
• Bitcoin Losers

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

 

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They have wonderful services and accounts to make saving easier including their competitive money market accounts!

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Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.

Key Takeaways on Crypto

Before we wrap up, I want to share a few key takeaways I got from preparing this episode.

• Invest in educating yourself about the tech behind cryptocurrency. Crypto, blockchain – these aren’t going away. 
• Make sure that crypto is aligned with your goals and risk tolerance before jumpin in. 
• Focus on investing, not speculation. There’s a lot of hype and volatility to sort through so 

If you want to discuss this more – ask questions, swap ideas, and maybe discover your strategy– don’t forget to join us in the Thriving Families group on Facebook.

We’re all about helping one another out with our family and financial goals. 

Hope to see you there!