Bitcoin Forum

Enlightenment about investments is gradually increasing, more people are becoming aware that leaving their money in the bank depreciates over time. People are excited to invest their money in profitable businesses that have track records of giving returns on investment. But unfortunately some of these people don't understand financial management especially the low income earners. There's need to understand that before you go into any investments especially the ones that takes long term to be profitable you should understand financial management first.

In budgeting there are basic or necessary expenses like food, rent and essential utilities like electricity. There are also expenses that are not basic but needful, you need your discretion to allocate funds to them. Therefore any allocation of funds from your income that doesn't fall into basic or must do expenses enters into your discretionary funds.

If you want to be investing in Bitcoin, gold, stock or real estate that you will not get profit immediately you need to have a discretionary fund. Example is if anybody's total income equals to their basic or necessary expenses they should forget about investment. There is most likelihood that they will sell their assets prematurely to take care of their basic needs which are essential.

If you want to invest in a long term profitable asset and you don't have a discretionary fund you can do the following. Cutdown on your basic expenses if you can, get a better paying job, get a side hustle, learn profitable skills, do what you can to earn more than your basic expenses.

It's no brainer if someone want to invest when their monthly salary are only enough for surviving.

If they want to fight against inflation and they don't have discretionary funds, what they can do is convert their local fiat to stable coin, then sell it whenever they need local fiat to buy something. They might able to save some, although this isn't investment, but more like a trading because they need to sell their stable coin every time which is time consuming.

All these by one person?
Body isn't a machine, this will cause burnout bro.

This actually a working for money strategy, not money working for you moves.

The whole goal is to be financially free and stable, creating a system that prints money while you sleeping, while you aren't available. Your work is sitting indoor thinking how to expand more of the system to different locations.

You can't just wake up one morning and start sitting at home when yiu haven't created any system that prints money for you. This is easily said than done because if you are not from a rich family who inherited your wealth, you have to strive everyday to make sure that you overcome poverty. It's possible for you to cut down unnecessary expenses and also get a second means of income to boost up your total monthly income so that, you can have a discretionary income which you can invest with and hodli for long term.

It is a serious mistake to invest outside the discretionary income which is the money left after you have deducted the your expenses for basic needs such as food, utilities, etc. Investing money meant for basic needs into Bitcoin will breed characters like fear, pain, general unrest easy and liquidation to solve basic needs which are things you must settle against all odds.

To be able to invest and hold, you should not also invest your entire discretionary income but part of it and then use part of it to safe somewhere as emergency fund that will cover unforeseen circumstances that may arise while you are invested already.

We already have the same topic[1] but mainly for bitcoin investing. If others are interested in reading that thread, they're free to visit it.

[1] Reasons to use only Discretionary Income for Bitcoin investment. (https://bitcointalk.org/index.php?topic=5556657.0)

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If someone who's used to their lifestyle and can't cutdown the expenses. You've already mentioned the main requirement of how to do it, and that's to add more income and do more side hustles. Increase the income or profit that you'll get from various sources.

Our people once said that there is no food for a lazy man, so those that feel that they can sit at home and be expecting money to come from unknown source is actually making a big mistake. I discovered that most people is yet to realize that the days of manner is no longer existing, nowadays if you want to get your daily bread you must work hard. Is only those that already have businesses/ investment in different locations that is supposed to wake in the morning and just fold thier hands, for those that are struggling to meet up thier expenses definitely they need to work hard to enable them make enough money so that after all thier expenses they will still have enough leftover that they can use to do whatever thing they Wish to do with it.

That is one of the many mistakes that new investors does. They think that after investing to these assets, the profit shall come immediately. But they have to understand that it doesn't go like that.

Like planting, that's what investing is. We're going to harvest the profits in due time but it's a slow growth that they have to enjoy.

The process itself of waiting and being patient is exhausting if you're going to use the only money that you have. But if you're going to invest with your discretionary fund, you'll be fine while waiting patiently for its growth.

I myself do not understand how they say these things because how can our human body take so much pressure? We just keep talking while talking but it is never possible to complete the tasks we say in this way. For this, before giving advice or saying anything to someone, one should think about it. I do not know how he said these words. Is it really possible for a human body to do so many tasks at once?

There may be a strategy to work for money but I could not understand how such excessive work is possible for a person. We need money a lot in life but I can do as much as I can earn by working hard, it is not possible to say more than this.

It's actually possible.

I have a friend who going to college (learn new skill), then he working to pay his tuition fees (make money) and he lives frugal (cut down expense). That's why people say only for people who really want to change their life, those kind people really work hard for better future.

It's still quite easy though, becoming a businessman is way more harder than that.

It doesn't make sense to me to cut down on basic expenses to invest. Rather, I would suggest focusing on unnecessary expenses and eliminating them from your spending list. You might be able to save some extra money. But still, this money may not be suitable for investment if you don't have any discretionary money. In this case, you should look for a high-paying job or try to increase your income source by acquiring high skills.

You can even focus on alternative sources of income or try to reduce your expenses and increase your income through production. You need unnecessary money for investment, if you try to make necessary money unnecessary, then its results will not bring positive results at all in the long run. No matter what kind of investment you make, it will not be able to give significant profits in the short term. Rather, you need to be long-term and wait for the value of the asset to increase significantly. Investments like Bitcoin, gold, stocks, and real estate will be able to give you high returns in the long term, but in the short term you will have to trade which is very risky.

Investment is not what we can do without having consideration for the plan we have toward it, because this one of the reasons why some have failed in their bitcoin investment, aside from knowing on what to do, we also have to take time to know how to go about making an investment in a profitable manner, starting from the fund to use and the necessary strategies we must employ to have a better experience in it.

When we invest, the risk is together with it. We're not sure if it's going to be profitable but we will have better chances if we know where and what we are investing. The advantage of knowing where we're putting our money as we invest is there and that's why it's best for us to check on what strategy should work for us. If trading is for you, you trade what you can afford to lose and the same goes with investing or by simply holding the crypto that we have.

The majority of the so-called investors are merely redistributing desperation. To the degree that an individual with no discretionary buffer invests in Bitcoin or stocks, it is hope repackaged as finance. And hope fails quick when it is time to pay the rent. This is why most of them are sold off prematurely not because the asset is bad but because life forced the sale

The idea of discretionary funds is nearly a utopian in the economies with the stagnation of wages and increase of costs. You cannot instruct a person to invest on surplus when the surplus is a deception. The issue lies in this: are we really educating people on financial discipline, or are we making people forget a systemic inequality by informing them that they need to work harder and reduce things that are already bare minimum?

Your argument on side jobs and higher paying jobs may work on paper, but in reality it just repeats what billionaires tell people who already have two jobs. How can a society create conditions where having one is not the privilege of the top 20%? Until then, we will keep pretending everyone has the same starting line while scolding them for not running fast enough

Since we are in a bitcoin forum, let's focus on crypto investments in general. Well, i agree with you that any kind of investment requires a minimum of knowledge. On this basis, i see demo trading accounts are one of the few best solutions to learn about crypto investments and cryptocurrencies in general for newbies. No one could teach you how to invest in virtual assets better than practical tasks, and since it's an important mission, it's better not to practice with real money until full general understanding of how things work in this field.

I agree with you though, for us to have a good discretion fund, we need to increase our source of income by learning skill and doing side hustle but cutting down expenses is what I find difficult. Already economic inflation is panting down on people and everything is becoming expensive so no matter how you cut expenses down it may never give a reasonable amount of discretion. Not that cutting down expenses is not good but it can only work in some cases and not all cases. The point is that there are some expenses that can be cut and there are some that can't be cut no matter the situation. So it can only expenses can only be cut if the situation permit. But however in most cases you need to work hard to increase your source of income to increase your discretion.

To build better financial strength when we're not yet at a sufficient level, it's best to choose one of the options mentioned. This aims to focus on managing it effectively. There's a term for living a more frugal life, where we focus more on implementing investments more consistently. If our expenses are low, we can increase our investment portion. Earning more money may make it much easier for us to start investing, and we can find other sources of income from work based on our skills.

There's no need to feel embarrassed about holding back in order to achieve financial well-being, as successful people who started small typically don't prioritize luxury when spending their money on living expenses. When we're building financial strength, there are many things we need to hold back on or avoid buying, realizing that buying unproductive items won't provide financial benefits.

Long story short, "Invest money you can afford to lose"... It's like the first and basic rule of investing, and gambling. "Safe investments" are not so profitable in the short run, and investing some small amounts of money will not bring "meaningful profit" in the long run. So most people like risky investments, and when it's risky, there's always a chance of losing funds.


Eh, some things are so easy to say, but when it comes to making it real, there can be a lot of obstacles... I guess we are all fighting the best way we know how. We fall & rise constantly... there's always something new to learn.

Having financial management before venturing into investments is very paramount, but it requires some knowledge.
In times of financial growth, many individuals, particularly those lower earners who just jump into investments without proper knowledge on financial planning and financial growth,.
 However, there are some necessary expenses we don't need to joke about, such as house rent, food and your utilities, which there should be huge budgets for. Once all these basic needs are being sorted out from your income, then there will be a tendency for successfully partaking in long-term investments.

Actually, when you really want to build up your discretionary funds, someone has to go away with some unnecessary spending and focus on how to build or how to create ways of huge financial income and more profits and venture your profits into Bitcoin investment, so financial knowledge is the goal for successful investment.

Yes, what you've outlined is indeed the reality for those seeking to invest in low-income communities. Financial realities often require us to be proactive and think hard about how to cover all of this, both from our own lives and other desires. There really is no other way to cover it all than to find additional income from anywhere. Therefore, the importance of our skills can guide us in finding additional income without them, we will be defeated by circumstances.

This is just adding some common sense and you will realize that you only invest "SPARE MONEY" and not money that's intended into more important things like your monthly expenses or bills whatsoever.

The final part though is somewhat important especially for those newbies out there that really want to invest into whatever asset they want to invest with. If they can't find another side hustle for whatever reason it is, the best thing that they can do is to cut expenses. Learning one skill that pays higher than your current one is the most efficient thing to do. On the flip side, it's very easy to say for us who have spare money to invest, but there are some out there that for whatever reason it is, can't do it. It's either there aren't enough job opportunities around, or they don't have spare time to use to find another side hustle.

To cut the story short, "Invest what you can afford to lose." One of the most famous investing quotes that we are hearing, but unfortunately, not all investors are following it.

I think that investing without understanding financial management is a big mistake if one has a long-term investment goal. Just as interest is needed in investing, financial management is also needed to maintain the investment.
Most of the results of people who start investing without their financial plan are contradictory. If someone wants to enter investment, it is important to ensure three aspects: first, whether their basic expenses have been met, whether they have emergency funds, and whether they can be patient.
An emergency fund is very important in investing, if it is not there, the investment can turn into a disaster. If all the money someone earns is spent on meeting their basic needs such as food, house rent, electricity bills, etc., then it is difficult for them to invest. And even if they invest, they cannot hold that investment for long and may have to sell it in case of emergency. So that instead of profit, they will suffer more.
In addition, the characteristic of long-term wealth is that it requires patience and time. It is not something that can be achieved in a day. Not only financial obstacles are the problem of investment, but also mentality is important. . Again, if there is a lack of financial discipline, investment turns into loss rather than profit. 
So if you have the mindset or thoughts to invest, you must first put yourself in the right position to invest.

I think here we must first understand what investment is and its purpose. We continue to discuss Crypto investment here because it is undeniable that Crypto investment is the best for the future and is also very easy to do. We can simplify it by making small investments consistently with discretionary income every month or week, so I think that way we don't need to overthink.

Well explained, Many times, people rush into investments because they have heard stories of quick returns, but they ignore the foundation which is financial management..  Good break down into basic expenses and discretionary funds, because that is the real starting point..  If all your income is going into food, rent, and light bills, then honestly, you don’t have room to invest yet..  People don’t like hearing that, but it is the truth.. Without that separation between must do spending and optional spending, investments become a burden rather than a blessing.  It is not even about Bitcoin, at first it is about having the discipline to structure your income and expenses properly so that investment becomes natural and stress free..

Also nice point about not forcing investments when your basic expenses already swallow your entire income.. That is also a mistake many low income earners can also make, they put money into something long term, and then when life pressures come, they are forced to pull it out too early, sometimes at a loss.. That is why I like what you said about first working on improving income whether it is by cutting unnecessary costs, picking up a side hustle, or developing new skills.. Personally, I think this is even more valuable than the investment itself because when you have a growing cash flow, the opportunities for long term investing open up naturally.  Investing should give you peace of mind, not extra stress about how to meet rent or feed your family..

The last thing I will add is that people underestimate how powerful small, consistent investments are. You don’t need to be earning millions before you start. Even if you only manage to put aside a small amount from your discretionary funds every month, over time, it adds up more than we realize. And beyond the financial growth, it also builds patience, discipline, and a mindset that prepares you for bigger opportunities..  Long term wealth is built on habits, not one time lucky breaks.. That is why I really like your point, discretionary funds are not just numbers on paper, they are the safety net that makes investment good for the long run..

My monthly income used to be not enough for investment, I had to find an extra side hustle that pays to be able to invest, because to me investment is what guarantees that you could have a better future.

Without investment in today's living standard I think poverty will eventually knock on the door, let's forget about making it now but work towards making it tomorrow, because tomorrow is important than today.

Since I was born and growing up things have never go down the way they used to be, price of everything skyrocket every year, it is never going to be the same anymore, people will have to struggle even more in the future if they don't start preparing right now.

To accomplish this one still needs a good monthly income. If your monthly expenses equals or exceeds your monthly income, you cannot do that. To save a meaningful amount of money in assets, you need to have a good income, therefore lots of disposable money. Most people can’t even survive without debt nowadays. They maxxed out their credit cards, took every loan they could and now they are sitting on a debt bomb. Unless you run your own business or your job is one of those money printing jobs like pilots, doctors, software engineers; the chances are you won’t be saving anything meaningful. Before thinking about making investments people should fix their low income first. Making investments come later.

If you can save and then use that savings to put money into bitcoin then you are going to be fine. Many people are not aware of this but in most cases you are going to end up with losses if you put in the money you need. You can't put all of your salary into bitcoin and hope that it goes up until you need it.

I have seen people who get their payment, and then put all of it on bitcoin or any coin on high leverage, hoping that it would give a huge return. Even just one time being right, could give you more than few years worth of salary, so they take that risk. Consider it sort of like putting all your money on a gambling run, like blackjack or whatever, even lottery in some cases. It's obviously a horrible idea.

It may not be reasonable for a person to reduce  fundamental expenditure, especially for investment because basic expenses refer to the minimum expenses that are essential for everyone to live. Since we need discretionary income to invest in Bitcoin, stocks or real estate and gold, it would be reasonable to exclude unnecessary expenses from our monthly income. You are right that if someone's total monthly income is equal to their basic or necessary expenses, then it will not be easy for them to engage in investments, because then there will be no discretionary income, which will result in them not being able to save money. Therefore before making any investment, one must first be vigilant about increasing the source of money and must raise capital, and it will be possible to increase it easily by doing side jobs and learning profitable skills. Even then it may be somewhat difficult to reduce spending because inflation can create pressure and everything has become more expensive.

You are doing good by awaring people about this, we must have money that we can spend freely whenever we can, so that is what discretionary funds are about. We can do anything without fearing the bills or food, that’s the point of having extra money aside. People nowadays are more mature than ever, they know how life is and how to manage funds.

There are experts in the field to guide them, there are more opportunities than before, but some people don’t even know about these fancy terms and they are still doing good, because the terms don’t matter. The idea behind is very clear and only the smart ones understand it. In crypto it’s a saying, never invest the money you need for your expenses, only use the money you can afford to lose, so that’s exactly what discretionary funds are.

I don't know if this is a new phrase learned my local board users because I have seen it there like sand and flood. And I believe whenever I see such word it is 98% that he is she from my locale. I have seen it in the economic board in many time. Though using such funds in the investment of bitcoin is a good ideal but they also have alternative uses.
We have to know that there are something we do that the body needs them to keep the body and soul intact and the reasoning will be very sharper. I have seen people here saying the money you are using to do this and that should be used in investment of bitcoin but if those things are also necessary to the person. Though there is a saying that, let the person suffer to enjoy later.

After saving money in a bank for a long time, it is very natural that the amount of return from it decreases significantly due to inflation. That is why any investment is better than keeping money in a bank. If someone invests in Bitcoin, it will be more profitable than other investments. If you invest in Bitcoin for the long term, it is very natural to get several times the investment. Moreover, Bitcoin investment is more profitable to protect your assets from inflation.

Who try to invest in Bitcoin for the long term, especially those who do DCA, must have a discretionary income. If the investor does not have a discretionary income, then even if he can deposit Bitcoin for a few days, he will fail to invest at some point or will be forced to withdraw his investment. That is why the investor must have a discretionary income before investing in bitcoin.

If we don't do anything today then after 10 to 15 years our financial situation will be same or even go worse compared to today. There is no excuse for not investing today because you are the one who will suffer in the long run. Those who find it hard to save anything from there salary must go for extra work for investment purpose. We need to get out of our comfort zone because nothing grows there. We now have idea that how beneficial it is to invest in Bitcoin today, to secure our future.

I understand bitcoin is the best investment, but let's not say "crypto" because that sounds like altcoins are the best too and while some of them are great some of the mare terrible. That is why it's not going to be great for everyone to make as much money as possible with these, because it may not make that much profit. Of course we could get better approach with time, and we can get better returns as well, but this isn't really that great.

If we want to do better job then we are going to end up with bitcoin because that will give us great returns over long period of years. There are of course bear runs and if you buy before that and it starts the bear run then yeah you are going to hate your timing, but aside from that, it's usually great.

You clearly don't understand my point, I didn't say that inorder to build your discretionary funds must get another job to add to the one you're doing. I didn't also mean that on top of the two jobs you have to get a side hustle and learn skills at the same time to increase your income, it'll be unreasonable. What I said and many posters actually grabbed it was that you can do either of the following if your income is not enough to get a discretionary fund. People that wants to make it in life cannot remain static, if where you are is not giving what you want you need to leave that comfort zone. You cannot be doing the same thing and expect a different result, be proactive and find ways to increase your income.

Before you decide to invest in anything, you should research. That is the first step you should take. Then, after you know that the investment can profit you in some terms, you need to consider how much money you will use. It is important because you can not spend much on just the investment. Besides that, you need other things to fill your life. You should have free money that you will not use for other things so you will relax running your investment. Calculation of your salary or income is needed so you know how much money you have to start the investment and you will not have a problem in the future.

Yea your point is great about leaving your comfort zone. Many people think that earning more automatically leads to having discretionary funds, but like you said, if income stays the same and expenses rise, nothing changes. Learning new skills, starting side hustles, or even just rethinking how we spend our current income can create that extra margin for investment. I think this is exactly what helps small investors grow into bigger ones over time. Your comment is a great reminder that building wealth is not passive at the start but it takes intentional effort and change before money starts working for you.

The first step in managing finances is understanding personal income and risk. After understanding finances, you'll have the desire to invest. Most people, even those with discretionary income who don't understand financial literacy, struggle and enter investments without thinking long-term, which often leads to poor results.

Only by following the steps you outlined will you progress accordingly and become a good and fundamentally sound investor.

It is always a good idea for anyone to invest from their discretionary income, because that is the only way their investment will grow, and the way they will enjoy their investment. But trying to invest from money that is not someone's discretionary funds can lead the investment into collapse.This is because anytime money is needed to solve problems, it will come from the investment which will definitely lead the person to sell their investment just to solve problems and from there, they will start losing their investment gradually.

But if the investment is made from discretionary funds, they will hardly feel it, because it is not money they may need to solve problems. This makes it easier to invest for the long term.Some people fail in their investment because the money invested was not discretionary funds, but rather money they were likely to use in the near future.

It may be very difficult to extract one's discretionary income when one monthly salary is low, unless maybe they have other income sources apart from their monthly salary......Investment should always come from one's discretionary income which is the money leftt after settling or taking care of those your required or basic needs and responsibilities..... So for those even thinking of investing when their monthly salary or income stream is not even enough, that individual is not even doing him/herself any good

I was having this conversation not quite long with someone over investment and savings and seeing this really gives me so much joy, cause we all need to invest rather than everyday spendings and recycling the same process over and over. And you've said it all by letting us know that one need to cut down on so many unnecessary spendings and grab a profitable skills and apply it.

Kelward, I admit your advice is good, but believe me, everyone has their own approach to investing. Financial management is crucial when starting to invest, but planning is just as important. Each investor has different sources of investment funds, not all of them only rely on discretionary funds as you mean, but can also take them from other sources such as from business profits.

Only people who rely on a monthly salary may be suitable for your investment advice, while business people may find it easier to get budget resources from their pile of business profits to invest. However, I do not directly refute your investment advice, but the source of investment budget is not only from discretionary funds.

Be it short-term or long-term investment, the fact that any investment carries risk, then it’s a must thing to invest only using your discretionary funds. This is to prevent future regrets when your investment fails your expectations, or end up not according to your plan. And just like bitcoin where volatility is an inevitable factor, investing using discretionary funds will help you avoid getting panic or pressure when the price of bitcoin experience sharp decline, thus leading your to a wrong decision that you will surely regret later on.

If the salary isn’t good enough for investment, then have another side job or hustle that will provide additional income, that income will be used then for investment purposes. However, we should always stick to the amount we can afford to lose when investing, or using discretionary funds not just to lessen the risk of losing, but because it’s the right thing to do.

I believe having an investment is an essential thing to do. Although there’s always risk on it, that’s why we should prepare a long-term plan and preparation to make that certain investment works and succeed.

Yes, if there is no additional income for investment, then there is no opportunity to invest. For this reason, first of all, additional income must be arranged. When the additional income comes, a part of that income can be invested. When a person invests with his discretionary income, the psychological pressure of that investment will decrease, that means the risk will decrease. Reducing risk in investment is also important so that he does not have to suffer financially later. When making an investment, the investor must also maintain the mentality of taking risks because any investment is risky, those who take risks will also gain.

People panic more when they invest in bitcoin with money meant for other important and necessary stuffs such as children school fees, family feeding money or money meant other businesses, we always make purchases with our discretionary income this is after we have settle our children fees and other important needs then the little amount left can be use to buy BTC this is one bitcoin is a long term investment, the market is volatile and to become successful in BTC investment is not guaranteed, so it is best we invest in bitcoin with what is left (discretionary income).

The basic needs that are naturally in accordance with needs not because of consumptive, cannot be reduced to be set aside into investment money. Investment is not an action taken because it is forced, but the actions taken in full awareness. Forcing to be able to invest with income that only ends meet, it is also not good.

Finding a job that can have adequate income might be a way to be able to invest.
This is also the same as looking for more than one source of income and this is an action taken by many people so far.

Before thinking about investing the first step is not choosing bitcoin or stocks but understanding financial management if someone cannot distinguish between basic needs and discretionary funds then investing becomes a burden rather than an opportunity. Budgeting is the foundation basic expenses like food rent and utilities cannot be compromised because they sustain daily life once those are covered the money left over is what can be allocated to wants or to investments that may take years to produce returns without this structure low income earners especially risk falling into a cycle of buying assets only to sell them prematurely when an emergency or necessity arises. The idea of discretionary funds is powerful because it forces discipline if your income barely covers essentials then investing in long term assets is unrealistic in that case the focus should be on improving income or reducing costs rather than forcing investments that will eventually be liquidated too early.

There are practical ways to build that discretionary pool cut unnecessary spending improve earning power through better jobs side hustles or learning skills that open doors to higher income streams this way investing becomes sustainable you are putting aside money you truly do not need immediately rather than risking funds meant for survival. Long term assets like bitcoin gold or real estate reward patience but patience is only possible when your basic needs are already secure without that safety net investment can become another source of stress instead of a path to financial growth.

Your advice makes a lot of sense that is why I think it makes more sense to invest in Bitcoin with a discretionary income for the main time instead of using money that is meant for our expenses which I think it’s a wrong think to do, that would definitely mean that we do not plan to have a successful Bitcoin investment, because we would end up doing the wrong thing, leaving our money in the bank haven’t really been a good approach instead we have also tried to do the wrong things, because right now if you think about it, leaving our money in the bank doesn’t guarantee safety and it still doesn’t mean we are going to have any interest, because leaving money in the bank doesn’t guarantee anything with profit which is why we can always have more benefits when we invest in bitcoin more wisely.

When we deposit our money in the bank, the bank only gives us financial security, but with the decline in value or inflation, the purchasing power decreases. In that sense, Bitcoin investment helps us to benefit in the long term with financial security. However, if we invest without proper financial planning, it can be risky. There are many who struggle to meet their basic needs, but seeing the profitable opportunity of Bitcoin, they immediately enter Bitcoin without any plan. In that case, on the contrary, they suffer financial losses. Financial awareness and planning are required before investing. In addition, we need to be prudent before investing. The money that remains after meeting the basic needs from our income is basically investable. The investment mindset is good, but awareness is also needed along with the mindset. If a low-income person enters investment with mindset, awareness, and financial planning, he can benefit in the long term.

Increasing source of income has helped a lot infact it is a necessity to be given due diligent, if cost of goods and services are increasing every now and then it is very crucial for anyone to always increase their income flow, salary increments doesn't happen easily so looking out for other means of income to abe added seems reasonable and this can not be over emphasized, it is also important to have a good financial management skills to be able to make proper use of the money coming in and to be capable to distinguish relevant expenditures and those that are not because making money is one thing and making proper use of it is also another thing that is as important as making the money.

Investment is not for those who struggle to meet basic needs. Because people usually invest with the money that is left after meeting basic needs. Nothing can be left out of basic needs. Therefore, those who are interested in investing must make new income arrangements.

Then, after excluding the essential expenses of life, they have to invest. This is the strategy for increasing investment. One should refrain from investing with such money, for which the investment has to be destroyed in case of emergency.

Therefore, one should make a budget based on one's income and invest.

Investment in crypto currency is something that, you don't get to see the return on investment early. So investing with all your money which you have budgeted for other things is not a good one. So when ever the issue of investment comes up it important that we take this into account before making any investment.


Investing with only your discretionary finds will save you from a whole lot of stress.because one thing about life is that, expenses is part of life so you have to keep money aside for expenses always which investing with all your funds will definitely affect that.

Nothing prevents people who struggle to meet basic needs to review their expenses in order to reorganize it. Maybe they can cut some expenses by replacing a service or product they consume for another. It's a valid alternative when trying to save some bucks in the end of the month.

At least, it's a beginning where they can start from, until they manage to raise their income somehow. I think it's important to try going for different possibilities, like cutting expenses at same time they work on side hustles. If they can succeed by only working on side hustles without cutting expenses, better yet. However, it's not easy to find new sources of income, especially when the person lives in scarce regions where there aren't many people around (lack of demand).

Making investment is very necessary because it is something that can make you financially stable, when you have money, do not save all your money in the bank, only keep emergency fund in the bank and make sure the rest of the money is invested wisely and  in the right asset.

The very reason why is not advisable to invest all your money in a business, especially long time investment is because, anytime you run out of cash you will be forced to sell your assets even before they get matured.

When your wages are your standard of living, there is no such thing as investing yet. People underestimate this. They believe that investment only concerns risk tolerance but the actual requirement is the stability of cash flow. In its absence, bitcoin or real estate is merely a temporary holding of money that will at some point have to be brought back into your possession during such a pinch

However, Bitcoin does not have the same psychological burden as stocks or bonds. It creates a separation between money you "might need" and money you "don't touch". It is a form of self-imposed limit, a form of discipline, to some low-income earners using bitcoin simply to spend a few dollars. Sure, it is small-scale, but it introduces a practice of non-attachment: funds once converted into bitcoin are harder to yank back impulsively, because doing so feels like breaking a rule. That is not nothing

Your order (needs, discretionary, then invest) is the reasonable default. But the world does not work much on reasonable defaults. Individuals pursue status over security, invest over spending budgets, buy bitcoin over paying rent. And even that chaos occasionally generate long-term holders who turn out to be ahead

All of these options are viable, and the individual should choose the one that they believe they can achieve to reach their goal; it requires control and monitoring to do so.

You need to have insight and trust that what you're doing will yield a good result. It's better to have a spreadsheet to monitor your achievements and the time frame to reach that goal. By adopting a simple lifestyle, you can achieve your goal.

Investment is good and profitable but the money to use for it is not a must because you don't need investment to survive from day to day. Making a distinction between expenses that are a must and those that are not will make an income earner to know how to make budget. For instance if Bitcoin dip and you use all or most of your salary to buy the dip with a lump sum you will sooner sell it to take care of the needs that are a must.

People without financial management intelligence gets excited unnecessarily when they see something that they feel it is an opportunity to buy. If you don't have a discretionary fund that can afford to buy such a thing it is better to forego it until you build your discretionary funds to afford it. The best thing to do if you don't have a discretionary fund is to try harder to increase your income so that you can fund your discretionary account.

Everyone has their own way to do it, but what is certain is that if we have the awareness to invest, then I am sure it can be done regardless of the method because investment is for ourselves in the future, especially investing in Bitcoin, I think we will have great motivation to fulfill that desire, regarding finances, I think we will do anything for our desires in a positive way.

Honestly, it is not going to be that great, we are talking about spending you money for bitcoin and have nothing left to live with, that would be a horrible idea and we should avoid it as much as possible. That is going to be something that will take a long time and we can't really do that.

The best we can hope for would be just making sure that we are dealing with some income that would make it possible for us to spend only a portion of it, what we do not spend on our life, could go to bitcoin. That's not easy but can be possible and we should do that. I personally believe that we are going to do this at a great level, and if we can do that then we are not going to be bothered by it, and should not care about it .

If you're an average-income earner, it’s hard to create discretionary funds because there will be circumstances where you’ll have to use your discretionary funds, like an unexpected emergency.

It takes courage, patience, and a dedication to simple living to create discretionary funds. The hardest part is starting, but once you set it up and you've seen positive results, you will be encouraged to continue and find ways to add more to your discretionary funds.

Besides the benchmark of desire, something like investing also requires a fundamental intention from within ourselves, as that's what drives us to do it relentlessly and even without being told by others. So, this is actually a very simple matter, so no one needs to view it as complicated. Everyone will definitely find a way if they have the basic intention to do it from their own awareness. Especially if we already know that Bitcoin is an asset worthy of investment and worthy of being held by anyone for the long term.

In my estimation, there is no one-size-fits-all approach to investing in bitcoin. That is one of the many lessons that I have learned as I continue to stay and grow longer in the community. The truth is that people are at different points in their financial journeys. Some have it planned out and some have not. Some are taking a leap of faith. Whatever it is just be guided by the fact that investing in bitcoin is playing a long term gain and not a short term. In addition, also know that there could be two outcomes, first is losing everything and going down to zero not because of the market but to scammers and hackers and the other one of course where none of this happens and your investment triples.

In my opinion, intention is the most important thing when we want to invest or achieve any goal. With intention, we will certainly do it seriously, put in the effort, and find every means to achieve it.
The intention to invest in Bitcoin is a good thing, especially when it arises after we have studied it, learned its history, understood it, and fully grasped its potential and risks. This is the foundation we must build. After that, we need to think about, find, and plan sources of income for that investment. Everyone's income and finances are different, but I believe that as long as the goal is long-term and we choose the right method according to our circumstances, it is a good choice. The most important thing is the intention to invest consistently and with the long-term goal of generating substantial profits in the future.

Exactly. Just like the saying goes, if there’s a will, there’s a way. Even if you’re earning a minimal amount but you develop some courage and faith into bitcoin, then you don’t have to make that matter complicated. If you really want to invest, then simply increase your income. Go for side hustles that fit your abilities and skills, that way you will be motivated to work more to invest more, so as to avoid taking a loan just to invest, or compromising your necessities in life just to pursue your bitcoin investment.

Bitcoin is not a do or die, but just a piece of reminder, if you stay fearful and won’t take the risk, you will never achieve something big and create difference in your life.

Not always. I know many average earners with destructive habits. For instance they smoke a lot and the government capitalizes on that by increasing the excise tax on cigarettes. I once did the math for a friend who smokes a pack every day and he'd be able to sell his car and buy a much better one every 3 years if he only quit that one habit.

Most people have some money left every month, but they don't want to save up or invest. You have $200 left this month you go to a fancy restaurants, buy stuff like perfumes, jewelry. Sum up your expenses and I'm sure you'll find things you could do without, like a netflix subscription ;)

I always tell people to be discrete with all their funds. Even from friends and family. Or should I say especially from friends and family...

There is no upside to telling people how much money you have. Either you have less than them and this makes them feel superior, or you have more and this makes them feel envious. Or they will badger you for money, seeing as you have "more than enough". Even if they are not really in need of money, but just feel like they deserve it because they have a relationship with you in some way.

Some individuals knows about the risk management but they do not still apply l, this is for different reasons but one of them which is considered the most occrrance is fear being left behind, some individuals invest impulsively, once an amount of money comes they just invest it all maybe leaving some behind. But bitcoin is an investment that is constantly productive eny time even if you invest in the next year it will still be printing profit overtime.
So if your in this sets of people you don't have to be afraid that your gonna be left behind, you just have to calm down and find means to make more funds.

If someone earns a low salary and has high personal expenses, they certainly won't be able to invest. Who wouldn't want to get a better-paying job? It's not always possible, especially if they're not qualified for it. And even if they were, if they're in a lower-paying job, it's probably because they haven't gotten anywhere better. For most people, investments are far from their reality.

There's always a starting point, and even if it's with the bare minimum, it's good to keep in mind that you won't be able to touch that money. If you do, you might have some success...

We who understand how money patterns work, certainly will not put everything in one place. And we also know that bitcoin is easy to change. But that's not what we see from Bitcoin, long -term with its value in the future.
The pattern that we must make does not place all items in one basket. As great in Bitcoin. Then in gold and in other assets.
If cash also needs to be provided as an option for shopping for needs to keep it from disturbing investment when there is a sudden need.

don’t forget about investing but rather accept  that this isn’t the time yet and be determined to do something about it so you can invest in the future either save up or find another way to earn more
even if you aren’t thinking of investing yet, living paycheck to paycheck to survive is difficult and would later be harmful because what happens if you get an emergency?

The global inflation rate is such that if someone saves their fiat money, they will suffer, so a part of the income should always be allocated for investment. This can be a part of everyone's monthly income. But those investments should be made for the long term. Short-term investments can never give good returns. I advise everyone to save the money they need for their daily expenses from their salary or business profits and make the remaining money into new investments. In this way, they will be able to overcome inflation and at the same time strengthen themselves financially.

I agree if the investment for crypto assets with discretionary funds because such funds are flexible, of course without endangering and risking us and our families, because the nature of crypto is very sensitive to its mobilization in the market.

Horizontally the investment aims to improve the economy for financial, as well as the money used, I am sure if the investment is done in Bitcoin, of course within the next five years the economy Financial will grow many times, I am very sure, I see Bitcoin at this time again in the lyrics by many large investors, be it private or government, meaning that the opportunity to improve the economy in the best investment methods at the moment.