If you’re reading this you are already a millionaire. The real question is what are YOU going to do when you make your crypto millions?
The most common answer is “I’m going to pay ALL my bills!” followed by “Go on a LONG vacation.” Let me tell you, those are all solid choices but when you step back you have to look at the BIG picture and answer the question again, “What am I going to do when I no longer have to worry about money?” That’s when things get complex.
I’m not talking about the basics of don’t blow your money on toys and impulse buys (Digital Dave over at Crazy4Cryptos talks about NOT spending much of ANYTHING your first 3-6 months after your big windfall).
What I want to talk to you about is what to do with your life when money is not an issue and you don’t have to be a slave to the 9-5 or get caught up in the rat race.
This is a very lofty question but you MUST think about it NOW because a lot of people don’t and it can lead to massive problems (see my story below)…
Let’s take a look at Dave, the patriarch of Crazy 4 Cryptos (YouTube channel – https://www.youtube.com/channel/UCNHXoNsyoBGVOS0EJarawvw). Could Dave kick back on the many beaches in Thailand with all the beautiful ladies around him and do nothing? Sure! The cost of living isn’t much and he’s probably got money (and a lot crypto) stashed.
But the question is does he or ANYONE truly want to be a beach bum?
The answer for the MAJORITY (not everyone) is a resounding NO! I cannot imagine a more boring life than sitting around doing essentially nothing and not having a PURPOSE. This is the black hole that you could be faced with when you no longer have to really worry about money and let me tell you – Plan NOW before this happens!
Here’s an Example: During the Coronavirus I had friends who were furloughed at work. They still got paid their regular salary (which was awesome for them) but were not allowed to come into their offices and didn’t have to do ANYTHING for their paycheck.
At first they said it was FANTASTIC (everyone needs a break, right?) but after 1 – 2 weeks they all said the SAME THING…
”Being at home sucks.”
When they started to realize that this new life was NOT what they thought it was going to be, they asked me how I’ve done it for YEARS of just being at home and not having to work at a regular 9-5 rat race job. The first thing I said was this:
“I told you it would suck”.
Absolutely NOBODY believed me that being at home all day was NOT awesome. They thought it would be the best thing in the world (it can be for a bit) and that they would be TRULY happy not being trapped in the rat race exchanging their time for money.
You CAN be happy and fulfilled but you must have NEW goals and a NEW purpose and that’s my warning to YOU when (not if) you become a crypto millionaire.
I had a very hard time with this in 2015 when I quit my job as a nursing intake coordinator for Encompass Health Care in Las Vegas. I had just separated from my wife. My online business, helping nursing students pass their clinical exam through my online education platform, was taking off…massively.
To go from working 12 hour days to working 1-2 hours a day and living in Sin City doing WHATEVER I wanted was fantastic….at first.
I realized very quickly that a life without drive and purpose is meaningless. Benjamin Franklin said it best,
“Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.“– Benjamin Franklin
It was around this time that I read the book, Delivering Happiness by Tony Hsieh. Tony is the founder of Zappos which was sold to Amazon for 1.2 Billion (that’s BILLION with a “B”).
You would think Tony would go off to the beach and live the life of beautiful beaches and women and that would be it. He actually did do that for a bit, but realized what I and everyone else did – it sucks.
He talked about the 3 stages of becoming truly happy and doing the things that you want to do. He summed it up with this simple diagram:
So I was on the pleasure phase (not a bad way to start!). It takes very little time to find your next pleasure, whatever that might be, and the happiness is there but it evaporates quickly and thus, you have to look for your next pleasure dopamine rush.
This is the problem with a lot of “get rich quick” scenarios. People who win the lottery are broke and miserable after only 1-2 years. Professional athletes blow their money on fancy cars, houses, drugs and other indulgences:
NFL really stands for “Not For Long” and that’s true based on these stories.
This was my dilemma. All the toys and the other distractions sure weren’t making me fulfilled. So, what to do? What is my purpose?
First thing was to learn NEW things and how to expand and help even MORE nursing students. To do that I had to learn marketing and sales. It doesn’t matter how great your product is, without marketing it doesn’t get anywhere.
The great part about learning this new skill is it gave me a passion because I got better and better at it (step 2 in the diagram!). Benjamin Franklin again said it best,
“AN INVESTMENT IN KNOWLEDGE PAYS THE BEST INTEREST.“
So helping more students to achieve their goals of becoming a Registered Nurse felt great! I was able to do good (helping others) and then do well (payment for service). FYI – I stole this great line from the CEO of Celsius, Alex Mashinsky.
This all lead me to my Amazon business (just a challenge to myself to see if I could do OTHER things besides online education) and also to helping my ex with her charity organization. (great project that helps underprivileged kids in El Paso, TX. but had horrible marketing to bring in revenue).
This eventually led us to getting back together and here we are today. Purpose, Happiness, Goals and being a part of something MORE than just yourself and that led me to Digital Assets and Cryptocurrency.
The reason that I talk about Digital Daves at Crazy4Cryptos (link above) videos so much is that I respect him for what he’s doing.
We both know (and probably you as well), where this space is going and we have to grab as many people to get on board with us as fast as possible because the ship isn’t going to stay at the dock forever.
Dave has a knack for finding the gems out there (Theta?) and talking about the more stable opportunities such as Ethereum and Chainlink as well as reinforcing my favorite concept which is DCA (Dollar-Cost-Average). Wealth is the ability to fully experience life, and we want the same thing – reach as many as we can and go from there.
This gives me purpose and it’s why I started my channel. It gives me pleasure (stage 1), I have passion when I talk about it (stage 2) and it gives me purpose because it’s bigger than me (stage 3).
So again, the real question is, “What are YOU going to do when you make your crypto millions?” Obviously, I can’t answer that for you but I wanted to get YOU ahead of the pitfalls that I went through and had to figure out myself.
“You must learn from mistakes, but they don’t have to be YOUR mistakes”— Warren Buffet, Legendary Investor
The same guy who said Bitcoin is Rat Poison SQUARED but also passed on Google because he just didn’t “get it”. He also later said (and I quote) :
“We Blew It.”
Thanks for reading. Hopefully it saves you some time and heartache moving forward. I wish someone could have told me these lessons when I was coming up. It seems so simple now but before I experienced it, I never would have known.