Marriage during the dip can be maddening, yet enlightening. Here are some lessons I’ve learned from the last two bitcoin dips.
I have been married for just over a year, and few things have caused my wife and I as much friction as bitcoin. Financial fitness, or lack thereof, is one of the determining factors in relationships that either last or get trashed. So learning from your joint journey on the path to financial well-being is imperative for a rewarding relationship. However, if you’re like me and believe that Bitcoin could be the most important monetary invention in history, you’ve likely already experienced the stress it can put on your relationship.
As an unmarried chap for 31 years, finances were a simple equation with little to no funds left at the end of the month. In fact, as a full-time graduate student and part-time worker, it would have been a good month if I didn’t need to ask my parents for financial help, so investing wasn’t even a thought. Thus, combining my partner’s income with mine was a huge relief. But as Biggie Smalls so aptly said, “Mo Money Mo Problems.”
The first few months of our marriage were relatively quiet on the financial front. With no major investments to manage, we were fortunate enough to save up and become homeowners of a small condo in December 2020. Our mortgage became our biggest monthly expense by far, but we were able to manage and save a little at the end of the month. Bitcoin became a part of our lives in late February of this year, just two months after starting our house payments, so we certainly hadn’t found our rhythm with investing our extra money.
If you’ve been actively learning about bitcoin for a month or more, you can probably relate to the feelings of excitement and urgency that accompany falling down the rabbit hole. And if your partner isn’t as interested as you are, you can also likely relate to the tension that comes with developing your collective investment strategy. If checking the…