How To Lose A Million Dollars (video/podcast)

in money •  6 years ago 

 

Many people have lost money in cryptocurrency, either from oversight, malice or just not knowing how to prepare for market madness. One fellow asked me the other day about how to deal with the pain of seeing his portfolio go from millions to... not so much. While I'm yet to make and lose my first million, I do have a few ideas about emotional intelligence.

Here are Kurt's tips for a happy loss, explained in detail in this episode:

  1. Count your blessings
  2. Find the lessons in the pain
  3. Feel deeply
  4. Embrace the journey
  5. Let go

Scroll down to watch and listen to the episode!

If you've experienced losing millions of dollars, or even something more precious, you might know that it exposes deeper trauma. Things that have been hiding from your view - that's what makes this subject so serious. Maybe you're reading this in the future after the next crypto crash, and you're wondering what your life is worth after losing so much. Remember you can always seek help in the form of talk therapy, using certain substances, or reaching out to me on Facebook. The important thing to remember is that pain is temporary; this too will pass.

1. Count your blessings


Even if you've lost all your money in the world, chances are you can still find something so be grateful for. Take a look around, breathe some fresh air, feel the sun on your face or the cold ground under your feet. Call an old friend. Ask, what is there to be grateful for today?

2. Find the lessons


When something happens that causes us a lot of suffering, it's partly because we weren't properly prepared for it. If you lost more money than you expected, you probably didn't realise how much you were really risking. Maybe you had more opportunities to enjoy the money but didn't. What lessons lie hidden in your pain? As long as it hurts, there are probably more lessons to learn.

3. Feel deeply


A lot of people go to sad movies, and cry. And how they cry! They don't resist the feeling of sadness, nor its physical expression. They seek a kind of pain in order to find release.

When something tragic happens in your own life, does it also present this opportunity, to squeeze the sponge dry? What will be left, once you feel it completely? Find out for yourself.

4. Embrace the journey


Just like a movie, just like a journey, life is an adventure full of ups and downs, disappointments, delight, and unexpected turns. When we start a journey, we can anticipate these things will occur. When they do, they don't have to shake us to our core. They're just another part of the journey.

Many times when we look back at our challenging days, we see we were pushed to our limit. We were uncertain if we'd even make it - but weren't we alive then! With years we see that the hardest times, and that was when we grew the most. Can you gain enough perspective to enjoy the hard times while you're living them?

5. Let go


After embracing the journey, feeling the pain and learning its lessons, you can let it go. Its likely at that point it will come easy to you, like dropping off the training wheels or an old jumper that no longer fits. You can let go.

6. Be grateful for the pain


It turns out there's a final stage to this process. I sent this video to my friend who asked me the question. It's been a month since they first asked me, and a lot has passed. Now they are grateful that things happened the way they did. His deeper pain was revealed, and because it was made conscious, he could finally heal it.

So it's true, the lessons are in there, and soon enough you might be grateful for the things that were taken from you, and what was left in their place.

Important links


How to lose half a mill and keeping your cool with Luis Fernando Mises

Thank you


Thanks for sharing these videos, liking, subscribing, following and connecting with me on all social media. Stay grateful!

You can listen and subscribe on Anchor and other podcasting services here:

Cryptonomics - How To Lose A Million Dollars


Cryptonomics - principles of cryptocurrency and investing can help you learn about personal finance, the disruptive power of this emerging industry, and how it might change your life in more ways than one.

Cryptonomics on YouTube, Cryptonomics on Anchor, Cryptonomics on Facebook, Cryptonomics on BitTube

 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I had to Resteem this one! Embrace the Pain!

Haha thanks Randy. These experiences can help us become better people in many ways.

Way to remain positive, thanks for the post :)

I have lost something big the last bull run as I missed the opportunity to sell at ATH but do sell at bear market to avoid further lost. I learned the hard way but now I keep believing plus always carry positivity with me.

Congratulations @cryptonomics1! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Are you a DrugWars early adopter? Benvenuto in famiglia!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!