Before achieving financial freedom, there are many things to do.

Author: Ash

Translation: Deep Tide TechFlow

“If you don’t use this money to change your life and the lives of those you love, then this money cannot truly change your life.”

In the cryptocurrency space, retirement and “achieving financial freedom” are almost everyone's core goals—after all, this industry has become the best stage for moving from nothing to wealth, sometimes even creating generational wealth overnight.

However, behind this rapid wealth accumulation are some significant concerns:

• Long-term addiction to high-risk, gambling-like investment behaviors, making it hard to extricate oneself.

• Falling into the cycle of the “hedonic treadmill,” constantly pursuing fleeting pleasures but never feeling satisfied.

• Blindly following investment trends in pursuit of excitement and dopamine release, lacking rational judgment.

• Constantly comparing one’s achievements with others, leading to unnecessary psychological pressure.

When you see friends achieving financial freedom in their 20s or performing better than you while you are still struggling, this sense of disparity can indeed be frustrating. But we often overlook a simple fact: work is just about typing on a keyboard and clicking a mouse day after day.

While financial freedom is the ultimate goal, instead of relentlessly pursuing that elusive seven-figure or eight-figure net worth, why not shift your mindset and learn to be grateful during the journey, cherishing the achievements you have already made?

For example:

• If you can save $100,000 before the age of 30, that is already an incredible achievement! This number is an unattainable goal for many. Congratulations!

• Even if you can’t retire by 30, achieving financial freedom between the ages of 35 and 40 is still something to be proud of. After all, most people need to work until 55 or 60 to save enough for retirement.

Instead of just chasing financial goals, why not treat this journey as a fun game? Set different milestones for yourself, and reward yourself with a special life experience each time you achieve a goal. This not only makes the pursuit of wealth more enjoyable but also allows you to enjoy more of life’s beauty on the way to achieving your ultimate goal.

As wealth accumulates, there are many things you can do to enhance the quality of life for yourself and your family before reaching financial freedom.

Parents and Family

• Have you improved your parents' quality of life? For example, upgrading their car, house (buying or paying rent), or getting new electronic devices (laptops, phones, fitness wearables, TVs, etc.).

• Providing daily comfort items, such as more comfortable shoes and clothing.

• Taking them on trips to places they have always dreamed of visiting.

• Treating them to fine dining experiences, such as Michelin restaurants or high-end Japanese cuisine (Omakase).

• Covering their health expenses, including insurance, physical therapy, dental care, or emergency medical costs.

• Allocating a portion of your assets as a retirement fund for your parents.

• Do they need to hire a housekeeper or personal trainer to help them?

• Upgrading home appliances, such as a Dyson vacuum cleaner, smart home devices, or new household appliances.

The health and sufficient savings of parents are the most important guarantees for their old age. We should share this luck from the crypto industry with our family. They were once our support, and now it’s our turn to be their pillar.

Spouse/Partner

• Your partner may be engaged in a traditional 9-to-5 job and may not understand the “internet wealth magic” we are familiar with.

• You can support them by covering some daily expenses, travel costs, or expenses during joint trips.

• Helping them improve their quality of life, such as purchasing electronic devices, high-end daily necessities, or even luxury bags (if they like them).

Your partner has been with you through those days of staring at the screen all day, always needing to “follow the trend” in investments (I can’t be the only one like this, right?). Having a supportive partner is one of the most valuable assets you can have. They celebrate every small achievement with you and provide a strong backing in this high-pressure industry. This support is priceless.

Yourself

• Have you always wanted the latest electronic products or new items from your favorite brands? Treat yourself moderately with your income.

• Pay off all debts (student loans, credit cards, bank loans).

• Withdraw to buy a car and a house—paying off loans or mortgages in one go means you are one step closer to financial freedom.

• Improve sleep quality, such as purchasing a cooling mattress, memory pillows, weighted blankets, etc. After all, you spend 6-8 hours a day sleeping.

• Enhance life convenience, such as hiring a driver, chef, or personal trainer, or physical therapist.

• Health care, such as going to a spa, getting sports massages, or participating in health or detox retreats.

• Cultivating new hobbies or learning new skills to enrich your life.

In this industry, managing market volatility, investment portfolio drawdowns, while maintaining family and social relationships can be very exhausting. Treat yourself well by enhancing your quality of life and investing in yourself. If this money is not used to change your life, then it does not count as wealth that truly changes lives.

Example: How to Gradually Improve Quality of Life Through Different Milestones

Stage One (Five-Figure Net Worth)

• Ensure all debts are paid off on time.

• Prepare 6-12 months of emergency savings.

• Provide a monthly allowance for parents.

• Purchase insurance.

• Upgrade your phone and laptop to improve work efficiency.

Stage Two (Six-Figure Net Worth)

• Pay off all remaining debts or loans.

• Treat loved ones, take them on trips, and enhance their quality of life.

• Invest in upgrades for yourself and your home.

• Continuously convert a portion of your earnings into fiat currency to reduce investment risks.

Stage Three (Seven-Figure Net Worth)

• Withdraw to buy a house or car.

• Diversify investments into other assets, such as real estate, watches, or stocks.

• Establish a retirement fund for your parents.

Stage Four (Eight-Figure Net Worth)

• Establish your own fund or family office.

• At this stage, consider hiring a personal chef, driver, or massage therapist.

• Help parents achieve complete retirement.

Conclusion

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

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