Crypto as currency: managing your financial life using digital coins

Many people have bought and sold cryptocurrencies as investments, yet they are still trying to live on a salary.

After working in the gold-mining industry for many years, she joined a company that pays all of its employees in digital currency. The Denver-area resident said learning about different types of virtual wallet, non-fungible token, and browser extensions has been quite an education.

It has been a very steep learning curve for me, as I am new to the industry.

There is always something new within the crypt.

Before taking this job, he never owned digital currencies. She is paid on the first of every month based on her salary in U.S. dollars.

If I make $25,000 per month, I will get half of a token.

This single mother of two has gone all-in. She tried not to accept her income when she bought a new home.

Allysa Howell, left, works for a crypto-wallet company that pays all of its employees in bitcoin.

The world is changing and that made me nervous when I was disqualified from a mortgage.

She was able to make mortgage payments in cryptocurrencies after finding a lender that accepted her income. The loan was recently sold and the new servicer won't take payments.

I will have to buy US dollars to pay my mortgage, and I try my best to live within.

I keep 10% of my pay for retirement savings, so I don't worry about the currency's ups and downs.

She said that she really sees the opportunity.

JP Richardson said that the company pays its employees in virtual currencies.

Richardson said that they believe in this long-term by backing the technology and paying their employees with it.

Richardson keeps enough money in U.S. dollars to manage his expenses if something were to happen to the coin.

The roller coaster has had a price on it. The price has been below $30,000 for the last two weeks.

Financial advisors warn investors to balance their investments with other goals. Make sure you have enough emergency savings and disability and life insurance to last you through retirement.

It can be difficult to advise clients.

Catherine Valega is a certified financial planner and a chartered alternative investment analyst.

Other considerations include fees incurred when using a currency other than the US dollar.

President Joe Biden ordered regulators to consider the risks and benefits of cryptocurrencies.

Financial advisors warn consumers and investors that cryptocurrencies don't have the same protections as a bank account.

She wants her children to learn about the value of cryptocurrencies.

She said that money has value. Even though you can't see it or feel it, we value it.

I am focused on raising them to be prudent and spend well.