Crypto Assets and Wealth: Balancing Pursuit and Quality of Life Improvement

In the Crypto Assets field, many people see retirement and achieving financial freedom as core goals. This industry does provide opportunities for rapid wealth accumulation, sometimes even creating huge wealth in a short period. However, behind this quick wealth lies some notable issues:

• Easy to fall into a cycle of high-risk investments, difficult to extricate oneself.
• May fall into the "hedonistic treadmill," constantly pursuing fleeting pleasures yet never satisfied.
• Pursuing excitement, blindly following investment trends, lacking rational judgment
• Excessively comparing achievements with others can cause unnecessary psychological stress.

When seeing people around us achieve financial freedom at a young age, or perform better than ourselves, it is inevitable to feel frustrated. But we often overlook a simple fact: work is essentially just a repetition of some basic operations day in and day out.

Although financial freedom is the ultimate goal, rather than blindly pursuing an unattainable high net worth, it is better to change perspectives and learn to be grateful and cherish the achievements already made in the process of pursuing goals. For example:

• If you can save $100,000 before the age of 30, that is already an impressive achievement!
• Even if you can't retire at 30, achieving financial freedom between the ages of 35 and 40 is still something to be proud of.

We can treat this process as an interesting game, setting different milestones for ourselves and rewarding ourselves for completing each goal. This not only makes the pursuit of wealth more enjoyable, but also allows us to enjoy more of life's beauty on the way to achieving our ultimate goal.

In the process of accumulating wealth, we can enhance the quality of life for ourselves and our families in various ways:

Care for Parents and Family

• Upgrade their living necessities, such as cars, housing, or electronic devices
• Provide comfortable daily necessities, such as high-quality shoes and clothing.
• Arrange travel and take them to their dream destination.
• Taste gourmet food, such as Michelin restaurants or high-end Japanese cuisine
• Assume health-related costs, including insurance, treatment, and emergency medical care.
• Set up a retirement fund for parents
• Consider hiring domestic help or a personal trainer
• Upgrade home goods, such as high-end vacuum cleaners or smart home devices

The health of parents and sufficient savings are the most important保障 for their later years. We should share this fortune from the encryption industry with our family.

Caring for Your Partner

• Pay for some daily expenses or travel costs
• Improve quality of life by purchasing electronic devices or high-end daily necessities.
• Satisfy some small luxuries, if they like.

Having a supportive partner is priceless wealth. They celebrate every achievement with you and provide a strong backing.

Be Kind to Yourself

• Purchase your favorite electronic products or brand new items
• Settle all debts
• Purchase an RV, reduce long-term debt
• Improve sleep quality by purchasing high-quality mattresses, pillows, etc.
• Improve convenience in life, such as hiring a driver, chef, or personal trainer.
• Pay attention to health care, such as SPA, massage, or participating in health programs.
• Cultivate new hobbies or learn new skills

In this high-pressure industry, it's important to be kind to yourself. Treat yourself by improving your quality of life and investing in yourself. If that money isn't used to change your life, then it doesn't count as truly life-changing wealth.

Examples of Gradually Improving Quality of Life

Phase One (Five-Digit Net Assets)

• Ensure to repay all debts on time
• Prepare an emergency savings of 6-12 months
• Provide parents with a monthly allowance
• Purchase insurance
• Upgrade work equipment to improve efficiency

Phase Two (Six-Digit Net Assets)

• Settle all remaining debts
• Reward family members, arrange travel and enhance their quality of life
• Invest in upgrading yourself and your home life
• Continuously convert a portion of profits into fiat currency to reduce risk.

Phase Three (Seven-digit Net Assets)

• Buy a house or a car
• Diversify investments into other assets, such as real estate, collectibles, or stocks
• Establish a retirement fund for parents

Fourth Stage (Eight-Digit Net Assets)

• Establish your own fund or family office
• Consider hiring private service personnel
• Help parents achieve complete retirement

Conclusion

Don't wait until you achieve your ultimate goal to start improving your life or giving back to your loved ones. In the pursuit of financial freedom, by gradually enhancing your quality of life through different milestones, you can not only bring positive changes to yourself and your family but also enjoy this journey better.