Bye Bye $BTC
10% of my net worth is in Wolf Game
Welcome
February has been quite the month: I sold all my bitcoin, bought 4 NFTs, invested $5,000+ into DeFi, ate my first Philly cheesesteak, grew my Twitter following to ~14,000 followers, made ~$1,800 in side income, spent 10 hours trying to pay taxes on my crypto (I highly recommend using Koinly if you’re looking for a quick, easy way to do your crypto taxes), started building a ghostwriting business for startups, and traveled to Tampa, FL (aka Vacation Land as Rachael’s dad would call it).
Nonetheless, I have a ton of great stuff to share with you all.
TL;DR
Here’s what we got in store for this month…
Let’s dive in…
Physical Health
Last month, I wrote about 9 Tips for Better Sleep. Since then, I have dove deep down the sleep rabbit hole. The more I read, the more I realize how important sleep is.
This got me curious about the different startups and companies working on cutting-edge sleep technologies, which led to the writing of this thread:
7 Products to Actually Improve Your Sleep
It must’ve been pretty good because several friends and investors have hit me up to ask about my thoughts on sleep tech/wearables space (just saying).
Mental Health
The other day I was speaking with a friend and they asked me “What are you doing for your mental health?” I had to stop and think for a second…
What am I doing for my mental health right now?
What am I doing for my mental health daily?
What am I doing for my mental health just in general?
I feel like the question “What are you doing for your mental health?” can be interpreted in many ways. However, I might just be overthinking the question because I have 4,000 things going on and I really need to start taking my mental health more seriously.
Anyways, let’s break it down…
What am I doing for my mental health right now? I’m writing this newsletter. This helps clear my mind and connect with other people.
What am I doing for my mental health daily? I think it boils down to three things: planning my day in the morning, journaling, and working out.
What am I doing for my mental health, just in general? I think the biggest thing that has helped me maintain my mental health is writing. Writing is an amazing tool for clarifying your thoughts, thinking through decisions and clearing your mind. Sometimes I just need to vent to somebody, but writing has been an incredible tool for helping me get out of my head.
Here’s are 10 Reflection Questions by Dickie Bush to help you clear your mind and improve your mental health.
Social Health
The other day, Rachael and I were talking about the negative effects of social media:
Anxiety
Isolation
FOMO
Etc.
It threw me back to January 2020 when I did a 30-day social media detox. Prior to the detox, I was in a tough place; I had zero self-esteem, constantly felt anxious, and spent an unhealthy amount of time on Instagram.
30 days without social media changed me.
It made me a better thinker, communicator, and overall friend. More on my experience here:
30 Days, No Social Media — What I learned
If you’ve ever considered giving up social media, do it. Then let me know how it goes :)
Vocational Health
I was scrolling through Twitter the other day and found this diagram:
The Startup Hierarchy of Needs by Kai Han
Apparently, it was only supposed to be a meme, but I think it’s pretty accurate! Engineering, sales, and operations drive the business. Design and product are nice-to-have, but not basic needs. Strategy is important but it’s not what is paying the bills!
TL;DR: Startups are mostly about execution.
Financial Health
For the past year, I have been dollar-cost averaging into $BTC. Well, this month I liquidated my $BTC position to invest in something called Wolf Game.
Yes, Wolf Game. I’ll explain the details of the game in a later piece, but just trust me, the opportunity was well worth it.
Why did I sell my $BTC?
It’s not because I no longer believe in $BTC
It’s not because $BTC dropped in price
It’s because I had a better opportunity!
Let me explain…
A few months ago I stumbled across a thread that changed the way I think about investing: 11 Reasons to Sell a Stock by Brian Feroldi. Historically, I have been a very conservative investor that buys and holds; I never really considered selling anything until I read Brian’s thread.
Brian Feroldi is a writer for The Motley Fool and has been investing for nearly 20 years. He has 271k followers on Twitter and 45k subscribers on YouTube.
I’m not joking when I say I’ve read ALL of his Twitter threads, watched ALL of his YouTube videos, and listen to ALL of his podcast appearances.
Long story short, Brian knows what he’s talking about.
Anyways, in Brian’s thread, he says that one of the reasons to sell is if you “Lose Interest”. Honestly, I lost interest in $BTC. There is so much cool stuff going on in the DeFi world, that I couldn’t bear watching my $BTC just sit there. I had to pull it out and invest it in something that I am more interested in! Hence, Wolf Game. But I’ll save that for another day.