I know, another post about the mental health but hear me out, please.
As most of you already know, we’re living in a society that values money. We will do many things for it and sometimes it may result in sacrificing our mental health. This can be a subversive process that is hard to catch in the moment. The absolute paradox of value and money is that the very thing you chase can be the thing that destroys you. Unfortunately, I have chased money on several occasions and in parallel sacrificed relationships, time and most importantly, my mental health. I've lost sleep, jeopardized relationships and undermined my own ethics far too many times to count. Although my relationship with money has evolved, in my early days I was specifically obsessed about these 3 things:
- Not having enough
- My friends doing better than me
- Others doing better than me
I also started asking these questions:
- Do I lose sleep over my crypto positions? (Yes)
- Can I go a day without checking the market? (No)
- How do I feel when I lose? (Like shit, of course, what did you expect)
I realized I have a big problem. My investing habits were destroying my life. After weeks of thinking I came up with these points to get me back on track:
- Staying away from social media or at least reducing it by a wide margin
- Not reading news in the evenings before bed
- Leaving my phone in another room when I went to sleep.
- Taking at least 1 full day per week totally away from all screens, phone, laptop, desktop and otherwise and hitting the mountains
- Trading far less. When I trade less and look at the screen less, I tend to make more money.
Right now, I’m doing way better and I’m really thankful for that. I hope some of you might find it useful. Success has nothing to do with how much money you have, it's about the relationship you have with money, people and yourself. If you become paranoid and build a shelter based on fear and obsession – even if you get rich financially you will be the most depressed person alive.
Good luck out there!