**A Brief Story of Improving One's Standard of Living**
Once upon a time, I had a close-knit group of cryptocurrency friends.
They managed to multiply their money many times over. We weren't geniuses. You just had to be there to understand how crazy that cycle was.
One of us was planning to cash out his crypto and buy a house with cash.
The rest of us couldn't believe it.
He explained his reasoning.
Once, he had a successful business. He kept investing money into it. Then the business died, and he was left with nothing.
After everything was said and done, he had to move back to his parents' house and start over from scratch.
What he regretted most was not using the profits to change his life forever.
"Raising your standard of living" means improving the worst-case scenario.
So this time, he wanted to cash out and buy a house. No matter what his worst-case scenario would be, he would own a house. He wouldn't have to start from scratch again.
Later, the crash happened, and everyone lost their income.
But he still had his house.
I hope some of you will gain profits that will change your life.
The future is unpredictable – especially in cryptocurrency.
The first thing you need to do is find ways to constantly raise your standard of living.
- This means paying off debts.
- Buying assets like a house or retirement provision.
- Building a year's worth of emergency funds.
By doing this, you give your future self an advantage. If you fail, you'll have a good safety net.
I've seen too many people in this field go from wealth to working at McDonald's.
Nothing compares to the feeling of financial security and the peace of mind that comes with it.