If crypto has stopped you caring about other elements of your life, you need to urgently reconsider things…
I get it.
When you're in the middle of a bull market and prices continue to rise, it's easy to think that other, more traditional methods of income are a waste of time. Your salary suddenly seems inconsequential and other investments are boring as hell.
We often talk about not putting all your money into crypto, but there's another element to this too – you shouldn't dedicate all your mental energy to crypto either.
When the next bear market comes, and it will come at some point, having nothing in your life except crypto and your portfolio app is going to make for a very depressing period.
Even if you're making paper profits of 10k a day, you still need to develop other areas of your life – whether that's career, relationships, new business ventures etc – because everyone needs something to fall back on, both financially AND mentally.
I run a small SaaS platform in my spare time, and it generates very little money in the grand scheme of things. But it's mine and I enjoy developing it and getting new customers. If the crypto market was to tank tomorrow, I'd still have this, and that would mean a lot to me.
Equally, I also have my normal job, and whilst it can be a bit dull at times (and in recent months almost a bit pointless!) it is still something I have continued to strive at, and it's another form of personal development that can open future financial doors.
This is essentially a post about eggs and baskets, but just wanted to point out that the metaphor is more than just financial – it's also about your wider mindset and not letting other areas of your life slide.