The Happiness Philosophy of Crypto Investors: Don't Wait Until Financial Freedom to Start Living

Author: Ash

Compiled by: Shenchao TechFlow

"If you don't use this money to change your life and the lives of those you love, then this money cannot truly change your life."

In the cryptocurrency space, retirement and "achieving financial freedom" are almost everyone's core goals—after all, this industry has become the best stage for going from nothing to wealth, sometimes even creating generational wealth overnight.

However, this rapid wealth accumulation comes with some significant concerns:

• Long-term addiction to high-risk, gambling-like investment behaviors, making it hard to break free.

• Getting trapped in the "hedonic treadmill" cycle, constantly pursuing fleeting pleasures but never feeling satisfied.

• Blindly following trends in investments for the sake of excitement and dopamine release, lacking rational judgment.

• Always comparing your achievements with others, leading to unnecessary psychological pressure.

When you see friends achieving financial freedom in their 20s or performing better than you while you are still struggling, this sense of disparity can indeed be frustrating. But we often overlook a simple fact: work is just about typing on a keyboard and clicking a mouse day after day.

While financial freedom is certainly the ultimate goal, instead of obsessively pursuing that elusive seven or eight-figure net worth, why not shift your perspective and learn to be grateful during the journey of chasing your dreams, cherishing the achievements you have already made?

For example:

• If you can save $100,000 before the age of 30, that is already an incredible achievement! This number is an unattainable goal for many. Congratulations!

• Even if you haven't retired by 30, achieving financial freedom between the ages of 35 and 40 is still something to be proud of. After all, most people need to work until they are 55 or 60 to save enough for retirement.

Instead of just chasing financial goals, why not treat this journey as a fun game? Set different milestones for yourself, and reward yourself with a special life experience each time you achieve a goal. This not only makes the pursuit of wealth more enjoyable but also allows you to savor more of life's beauty on the way to achieving your ultimate goal.

As wealth accumulates, there are many things you can do to enhance the quality of life for yourself and your family before reaching financial freedom.

Parents and Family

• Have you improved your parents' quality of life? For example, upgrading their car, house (buying or paying rent), or getting new electronic devices (laptops, phones, fitness wearables, TVs, etc.).

• Providing daily comfort items, such as more comfortable shoes and clothing.

• Taking them on trips to places they have always dreamed of visiting.

• Treating them to fine dining experiences, such as Michelin-starred restaurants or high-end Japanese cuisine (Omakase).

• Covering their health expenses, including insurance, physical therapy, dental care, or emergency medical costs.

• Setting aside a portion of your assets as a retirement fund for your parents.

• Do they need to hire domestic help or a personal trainer?

• Upgrading household items, such as a Dyson vacuum cleaner, smart home devices, or new appliances.

The health and sufficient savings of parents are the most important guarantees for their old age. We should share this fortune from the crypto industry with our family. They were once our support, and now it's our turn to be their pillar.

Spouse/Partner

• Your partner may be working a traditional 9-to-5 job and may not understand the "internet wealth magic" we are familiar with.

• You can support them by covering some daily expenses, travel costs, or expenses during joint trips.

• Helping them enhance their quality of life, such as purchasing electronic devices, high-end daily necessities, or even luxury bags (if they like them).

Your partner has been there for you during those days of staring at the screen all day, always needing to "follow the trend in investments" (I can't be the only one like this, right?). Having a supportive partner is one of the most valuable assets you can have. They celebrate every small achievement with you and provide a strong backing in this high-pressure industry. This support is priceless.

Yourself

• Have you always wanted the latest electronic products or new items from your favorite brands? Treat yourself moderately with your income.

• Pay off all debts (student loans, credit cards, bank loans).

• Withdraw to buy a car and a house—paying off loans or mortgages in one go means you are one step closer to financial freedom.

• Improve your sleep quality, such as by purchasing a cooling mattress, memory foam pillows, or weighted blankets. After all, you spend 6-8 hours a day sleeping.

• Enhance convenience in life, such as hiring a driver, chef, or personal trainer, or a physical therapist.

• Health care, such as going to a spa, getting sports massages, or participating in health or detox retreats.

• Cultivate new hobbies or learn new skills to enrich your life.

In this industry, managing market fluctuations, investment portfolio drawdowns, while maintaining family and social relationships can indeed be very exhausting. Treat yourself well by enhancing your quality of life and investing in yourself. If this money isn't used to change your life, then it doesn't count as wealth that truly changes lives.

Example: How to Gradually Enhance Quality of Life Through Different Milestones

Phase One (Five-Figure Net Worth)

• Ensure all debts are paid off on time.

• Prepare 6-12 months of emergency savings.

• Provide a monthly allowance for your parents.

• Purchase insurance.

• Upgrade your phone and laptop to improve work efficiency.

Phase Two (Six-Figure Net Worth)

• Pay off any remaining debts or loans.

• Treat loved ones, take them on trips, and enhance their quality of life.

• Invest in upgrades for yourself and your home.

• Continuously convert a portion of your earnings into fiat currency to reduce investment risk.

Phase Three (Seven-Figure Net Worth)

• Withdraw to purchase a house or car.

• Diversify investments into other assets, such as real estate, watches, or stocks.

• Establish a retirement fund for your parents.

Phase Four (Eight-Figure Net Worth)

• Establish your own fund or family office.

• At this stage, consider hiring a personal chef, driver, or massage therapist.

• Help your parents achieve full retirement.

Conclusion

Don't wait until you achieve your ultimate goal to start improving your life or giving back to your loved ones. By gradually enhancing your quality of life through different milestones in the pursuit of financial freedom, you can bring positive changes to yourself and your family while better enjoying this journey.