Shaan Loses $700K in Crypto Crash And The Mentality of A Downturn

In a bear market, it pays to be a pessimist; and in a bull market, it sort of pays to be an optimist. And somebody who's always a pessimist or somebody's always an optimist is not going to have long-term success. The ability to shift gears between optimism and pessimism, and knowing when to do what, is a highly underrated trait that very few people have.

I don't mean this in an arrogant way, but I truly believe that if I look at my life over, like, a 10-20 year period from here—I'm in my early 30s, so by the time I'm 40 or 50—I think I'm gonna have more money than I'll ever know what to do with.

Your net worth, it's not a figment of your imagination, but it's sort of like a figment of your ego or a figment of your perceived sense of safety ... In reality, the stock market could go down, the crypto market could go down, it doesn't actually change my day-to-day lifestyle or comfort based on where I'm at.

Whether you're an employee, you're an employer, or you're an investor, nobody is going to be spared from the economy going into a recession, the stock market tanking, the crypto markers tanking, and global inflation.

The range of how humans can live, survive, and thrive is so much wider than the average person thinks.

Part of my core strategy is to be out of touch and avoid the news and not learn from or speak to the common denominator of the population.

Now it feels almost impossible to make money. It's like, well, where do I go make money? This stock market is down brutally; crypto is crashed; every business is now laying off people or freezing hiring.

If I'm in a state of panic, anxiety, and stress, I already know my decision-making is not very good.