McDonalds employee gets rich in Crypto then loses it all...

*tssssss*, the frozen burger patty hits the grill.For 3 years, this was a large part of my life. From high school to almost all of college, I was in the kitchen at McDonald’s on my extra time making minimum wage. Since then I quit that gig, struck gold, & lost it all… from McDonald’s wage to riches all from my mom’s basement.

Here’s a quick recap to get you caught up without wasting too much time:1) Made some money working at McDonald’s2) Built up my savings 3) Quit McDonald’s & School 4) Invest in Crypto + NFTs & Document the process (YouTube)5) Made a bunch of money in NFTs 6) Lost it allCurrent Phase: Rebuilding (& growing investments still)Now, if that summary satisfies you then by all means, click off now, but the real juice in this story is the things I learned from all of it.Today I want to share with you 7 semi-concise lessons that may prove quite useful to you in your crypto journey.Lesson #1: Quick money is fleeting— Any riches you come across that are earned quickly & with not much prior effort are likely to evade you. Fumbling something you aren’t prepared for or didn’t fully earn is a likely outcome. Don’t chase fast money, chase long-term wealth. This is also why I chose long-term investments.Lesson #2: First slow, then all at once.— Often times things in life that have a progression to them seem like efforts are wasted, like results aren’t showing up after weeks of dedication to make progress on something, from working out to gaining traction with your business, all of this happens slowly at first, then results come in all at once. Like this graphic below which you’ve probably seen before.This can be applied to the progress technology curves too in many cases.

Lesson #3: Crypto Euphoria, Everything is temporary.— A good reminder in life is that every emotion you feel is only temporary, happy now, sad next week, feelings and emotions change often. This applied to sentiment in the Crypto market when prices are reaching new all-time highs and no one believes we will go back down 80% ever again, impossible, right? This is what I thought about my investments too, when everyone is over the moon it’s probably a good time to step back, take emotion out, and use logic first, planning ahead helps you make better decisions with less emotion too. I’ve since implemented this when taking risks off the table.

Lesson #4: Community is everything.— Whether it’s running an NFT project or being a part of a group of like-minded people in general, having a community when things are hard or not as favorable as they once were is extremely helpful to bolster more optimism than pessimism (being a pessimist is easy). Communities are the backbones to everything, keeping people not only informed but supported too (builders, creators), without communities backing people, things fall apart much easier. Lesson #5: Major Asset Depreciation— No one knows where the markets will go next at any point, most of what we can do is just to prepare for any scenario. That being said, a big part of crypto is the bear markets, & the fact that pretty much every asset in crypto depreciates at this stage, including the long-term investments you’re relying on to bring you infinite wealth. Know this & prepare for it mentally when investing in crypto. I go by the “only put in what i’m willing to lose” model, for me that’s greater than 90% of my wealth (I live in my mom’s basement)Lesson #6: Wealth is created, not sat on.— There is a ton of people sitting around on their investments putting their life on pause until the crypto bull market comes back to make them wealthy.I was in this mental trap for some months too, it’s not the place you want to be.In reality, wealth can be created by you, & you don’t need crypto to save you, you can build your own leverage and work towards making more money to invest long-term while the bear market gets deeper.Make a business, or a service, learn valuable skills, and take some action. Lesson #7: Death & Taxes— Two things that are certain in life, Death & taxes. If you’re someone like me who makes income in crypto (NFTs, Running a validator & getting rewards) then you should definitely not put off selling some of your earnings to pay off your income tax bill. This is what caused me to lose 70% of all my crypto after an 80% decrease in price from where I made my money in crypto. I had to pay taxes on what I made in dollars, but the crypto I held was now worth 80% less, so it really sucked footing that bill even after claiming a 50% loss against my income tax. Set aside money to pay taxes if you’re making a taxable amount in crypto. (sounds obvious now)

Conclusion

Working at McDonald’s although often looked at as the bottom of the barrel is by no means a bad place to be. What I think matters most is someone’s ability to reach for where they want to go & work towards getting there every day.McDonald’s helped me take flight into working for myself & that's priceless to me. I now also have a larger appreciation for all the McDonald’s crypto memes.If you missed my last article, it’s about McDonald’s layoffs too & the doom of crypto, check it out here.Thanks for reading, — your friend jack.

BEFORE YOU GO!!Soon I’ll be releasing a complete course on becoming a Crypto Creator for those who want to follow a similar path to me, if not: ignore this message.Go grab a FREE copy of a section in my course if you want a sample to make creation easier using systems. (it won’t be free forever)FREE GUIDE TO MAKING CREATING CONTENT EASIER CLICK HERE