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Crypto isn't the only form of investing. Don't forget to take profits so you can invest in yourself.

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by COINS NEWS 293 Views

Things look pretty bullish right now and a lot of us have made out like bandits on pumping alts. But don't forget the reason we're in this game: to improve our lives. If you're sitting on a tidy profit and there's something you can spend on that will improve your life right now, don't dismiss the opportunity.

If you've made some mistakes and view crypto as your second shot at life, remember that you don't need lambo money to set yourself up for the future. Your profits could tide you over while you go back to school for an actual career. It doesn't have to be a full four-year college course, just picking up a trade will give you a guaranteed income stream. Or you could get into computer science/enroll in a coding bootcamp. Imagine the serendipity of using crypto profits to learn how to write smart contracts, contribute to the ecosystem, and make your own projects.

Debt is another concern. Lots of us have it in the form of student loans, or just maxing out credit cards to survive. Generally, the value of debt depreciates over time and the value of crypto rises, so there's a push to kick the can down the road and pay it off when it'll cost a smaller fraction of your net worth. But consider the mental fatigue that living in the shadow of debt causes. They're not joking when they say stress is a killer, it has serious effects on your body and well-being. The smart play might be to get yourself in the clear right now to buy yourself some breathing space.

Most importantly, don't neglect your health. Even from the most cynical standpoint where quality of life isn't a concern, you're better off sinking money into your health right now in order to avoid medical costs in the years to come. Go to the doctor and pay for a full check-up. Make sure you don't have ticking timebombs like cancer hanging out inside of your body. Maybe what you need is a new chair that supports your back properly while you're staring at charts. Maybe it's gym equipment so you can work out at home, or a bike/new pair of running shoes to get you out of the house. Maybe it's improving the quality of your food β€” ramen won't sustain you forever. Point is, all the gains in the world mean nothing if you're too decrepit to enjoy them.

I'm full of hope and excitement for all the ways crypto will change investors' lives for the better. Stay frosty everyone!

submitted by /u/108mics
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