My First Million Shaan Loses $700k In Crypto Crash And The Mentality of A Downturn
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Jun 16, 2022 Shaan shares his shocking experience of losing $700k in the crypto crash, discussing the emotional rollercoaster that comes with such downturns. They dive into the mindset necessary to navigate financial challenges, contrasting a 'loser brain' with a 'winner brain.' The duo also explores the booming success of non-competitive conferences, highlighting innovative business strategies that thrive even in economic uncertainty. Additionally, they emphasize the importance of resilience and finding true happiness beyond wealth accumulation.
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Shaan's Reaction to Crypto Crash
- Shaan Puri remained calm during the crypto crash, prioritizing mental fitness.
- He and Ben, his business partner, reframed their thinking by listing "loser brain" thoughts.
Interconnected Economy
- The interconnectedness of consumer spending, business revenue, and advertising budgets creates a ripple effect.
- Reduced consumer spending leads to businesses tightening budgets, impacting hiring and advertising.
Adapting to Change
- Acknowledge the changed environment and adapt accordingly.
- Reprogram your brain to operate in the new world and consciously shift your thinking.