Balancing Financial security and Bitcoin Accumulation

[Cossyblack]

Pardon my ignorance, but what is the difference between discretionary funds and income.

The difference between discretionary fund and discretionary income is clear. Discretionary fund is a money allocated or budgeted for something that is not really necessary or investment, it's just a fund for hanging out with friends to have fun, or a money for dinning out, or a money for travels, while discretionary income is a leftover money after you must have settled your basic needs and expenses either for the week or for the month. And your Discretionary income is the money you will use to invest in bitcoin and to build your emergency fund and backup fund.

Let me try and break it down,

Discretionary income: is like a form of left over after taken care of your essential expenses ( rent, food, electricity bill etc.) , and you can choose to spend, saved or invest with it .

While Discretionary funds : money you choose to set aside for fun or for personal want and stuff , discretionary funds is from your discretionary income .

For instance my discretionary income is $500 I can choose to make use of $200 as my discretionary funds, while the remaining $400 can go into saving or investing .

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

[Futurexxx]

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

Are we still here?  I think that we have past this, sir jayjuangee has address this already that discretionary funds and discretionary income are technically the same thing, because what's needed to invest in Bitcoin is a discretionary funds, money left after all basic needs have been met, but for consistency of your Bitcoin accumulation, constant discretionary funds needs to come in, and it's because of that most folks here start calling it discretionary income, but the ideal word should have been discretionary funds.
We are all here to learn, so if we take our time to read through without being in a hurry, we are going to learn fast.

[OsaiEmma]

i feel it is far-fetched to sey there isa minimum amount for Bitcoin investment, I think Bitcoin investment should be done as earlier stated from discretionary funds or income, or you can make a little sacrifice from your non-discriminatory income so as to kick start your Bitcoin investment journey if at all it's possible (NFA), but stating a minimum amount can really be somewhat discouraging to some people.

This clearly shows you dont read ongoing conversations here. @JayJuanGee clearly explained it here, but ill repeat it so you can understand better.

On a good day, there is no fixed minimum amount that we can invest in bitcoin with, but it is advisable to not go below $10 because if you invest $10 per week you will have a total of $520 in a year, and in 4 years you will have a $2,080 which is quite low but it is better than nothing. In a case you invest less than $10 let me say $3 to $4 weekly, you will get anything tangible after four years. It can take you a life time before you can get half bitcoin, and sadly the price will keep appreciating while purchasing power keeps depreciating.

It is better to be discouraged when you dont have the right discretionary income to invest in bitcoin than starting your investment and later destroying it all. Work on your income and once you good sizable income is achieved you can know how to allocate comfortable into your investment and your basic needs.

Thanks for ur polite reply, I do appreciate that, I now clearly understand where u are coming from.

You're trying to say for someone to have a good sizeable BTC investment portfolio, you should at least invest $10 per week, that's a pretty solid advice, but what 1 might see fit as a sizeable portfolio varies from individual to individual, but yeah, I think your advice is reasonable.

Pardon my ignorance, but what is the difference between discretionary funds and income.

You should have asked this question before making that first comment. I almost thought you knew what discretionary income is.

In simple term discretionary income refers to the amount of money that individuals have left to spend after they have handled all personal and basic expenses. You can choose to do whatever you want to do with your discretionary income. You can choose to invest all into bitcoin or invest some, well this will depends on the size of your discretionary income. Its not always the same to everyone. Your discretionary income can be measured from your income and the cost of your basic expenses.

If you dont know how to calculate it, then leave a comment I will guide you. See ya!

I do know very well what discretionary income is, it's just I don't see any difference between discretionary income and funds that's why I asked, and I appreciate how u explained and still offered to guide me, thanks for that.

Pardon my ignorance, but what is the difference between discretionary funds and income.

The difference between discretionary fund and discretionary income is clear. Discretionary fund is a money allocated or budgeted for something that is not really necessary or investment, it's just a fund for hanging out with friends to have fun, or a money for dinning out, or a money for travels, while discretionary income is a leftover money after you must have settled your basic needs and expenses either for the week or for the month. And your Discretionary income is the money you will use to invest in bitcoin and to build your emergency fund and backup fund.

Let me try and break it down,

Discretionary income: is like a form of left over after taken care of your essential expenses ( rent, food, electricity bill etc.) , and you can choose to spend, saved or invest with it .

While Discretionary funds : money you choose to set aside for fun or for personal want and stuff , discretionary funds is from your discretionary income .

For instance my discretionary income is $500 I can choose to make use of $200 as my discretionary funds, while the remaining $400 can go into saving or investing .

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

Now they both are the same, it's like this, from your income, discretionary income is the income realized after settling all your non descritionary bills, now that discretionary income are the left over funds with u from ur income, so I asked that question initially because I felt there was no difference and wanted to know if there actually was one, but from all the responses so far, I don't think there is any difference.

Some went on to separate is as the money left after settling ur non descritionary bills and savings, I don't really think so, thank you though for your contributions

[Tungbulu]

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

Are we still here?  I think that we have past this, sir jayjuangee has address this already that discretionary funds and discretionary income are technically the same thing, because what's needed to invest in Bitcoin is a discretionary funds, money left after all basic needs have been met, but for consistency of your Bitcoin accumulation, constant discretionary funds needs to come in, and it's because of that most folks here start calling it discretionary income, but the ideal word should have been discretionary funds.
We are all here to learn, so if we take our time to read through without being in a hurry, we are going to learn fast.

You know sometimes I ask some people who participate in this discussion are actually here to learn or just to state their POV, recycle what others are saying, argue amidst and just leave without actually taking away any knowledge to apply in their financial life, because it appears that's what some people are doing here. I see no reason why this should be repeated over and over again, and they still end up arguing without fact and still repeating the same mistakes and misconceptions. I think this is just about the second time Sir JJG is vividly giving an explanation on what discretionary fund and discretionary income is, and the fact that some people still don't understand or get it, implies that they're really not following up this discussion or carefully reading through every posts, and it's honestly starting to get annoying. Because why would someone still say discretionary income is a regular flow that comes weekly or monthly, that is needed to accelerate your Bitcoin investment for your own good I mean what does that even mean?

[Humblevirus]

Pardon my ignorance, but what is the difference between discretionary funds and income.

The difference between discretionary fund and discretionary income is clear. Discretionary fund is a money allocated or budgeted for something that is not really necessary or investment, it's just a fund for hanging out with friends to have fun, or a money for dinning out, or a money for travels, while discretionary income is a leftover money after you must have settled your basic needs and expenses either for the week or for the month. And your Discretionary income is the money you will use to invest in bitcoin and to build your emergency fund and backup fund.

Let me try and break it down,

Discretionary income: is like a form of left over after taken care of your essential expenses ( rent, food, electricity bill etc.) , and you can choose to spend, saved or invest with it .

While Discretionary funds : money you choose to set aside for fun or for personal want and stuff , discretionary funds is from your discretionary income .

For instance my discretionary income is $500 I can choose to make use of $200 as my discretionary funds, while the remaining $400 can go into saving or investing .

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

The meaning of discretionary imcome and discretionary funds seem to be same  Bitcoin investment especially in this kind of discussion but normal the meaning look little different.for my understanding discretionary imcome is the money left after paying all our neccesary expenses such like taxes,food,transportants,rent and so on.like let just said after someone is recieving $500 every week or month maybe is what is essential needs amount will cover all is $300 the remaining $200 is what they call discretionary imcome but for the discretionary funds meaning  is the amount someone set aside from the discretionary imcome like the remaining $200 someone set aside $150 for bitcoin more than that  or $50 for flexing.so it is just amount someone set aside he or she want use for something that is non essential do someoen just want to do it.

[Finebone]

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught  in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

The meaning of discretionary imcome and discretionary funds seem to be same  Bitcoin investment especially in this kind of discussion but normal the meaning look little different.for my understanding discretionary imcome is the money left after paying all our neccesary expenses such like taxes,food,transportants,rent and so on.like let just said after someone is recieving $500 every week or month maybe is what is essential needs amount will cover all is $300 the remaining $200 is what they call discretionary imcome but for the discretionary funds meaning  is the amount someone set aside from the discretionary imcome like the remaining $200 someone set aside $150 for bitcoin more than that  or $50 for flexing.so it is just amount someone set aside he or she want use for something that is non essential do someoen just want to do it.

You made a very good explanation here for real, but I think that they are both the same, the only difference is discretionary funds is the funds that is ready to be used that particular moment for investment, but once the discretionary funds keeps on coming, it's seen as discretionary income, since it is constantly coming in for consistent investment in bitcoin.

[Tonimez]

[Edited out

The meaning of discretionary imcome and discretionary funds seem to be same  Bitcoin investment especially in this kind of discussion but normal the meaning look little different.for my understanding discretionary imcome is the money left after paying all our neccesary expenses such like taxes,food,transportants,rent and so on.like let just said after someone is recieving $500 every week or month maybe is what is essential needs amount will cover all is $300 the remaining $200 is what they call discretionary imcome but for the discretionary funds meaning  is the amount someone set aside from the discretionary imcome like the remaining $200 someone set aside $150 for bitcoin more than that  or $50 for flexing.so it is just amount someone set aside he or she want use for something that is non essential do someoen just want to do it.

I think you're not very correct with this your illustration about discretionary income and discretionary funds. Firstly I think the two terms are closely similar and can be used interchangeably. If we all agree to the fact that discretionary income or/and (funds) is that money left after attending to your basic needs or responsibilities after receiving your basic income or pay. This is the amount left after paying all your bills and making provision for what would take you down to your next payday.

Here, you tried to describe the percentage of your Discretionary income that goes into investment (bitcoin investment) and I don't accept discretionary funds as a better name for that.

Discretionary income is further allocated into 3 places and this marks their different terms ( Under discretionary income): these include; BACKUP FUNDS, EMERGENCY FUNDS and "INVESTMENT FUNDS"

The investment funds is what goes into investment and in this instance, Bitcoin investment. This investment funds are sometimes split to get a reserved funds which is kept aside by mostly those that aim at buying dips or aggressive bitcoin accumulation. Backup funds are money kept to compensate for excesses in the initial provision made for the period of time before your next payday due to inflation. While Emergency funds are strictly kept aside for emergency responses and are not tampered with foe any reason outside emergency situations.

So if you don't wish to give it the general name; discretionary income, you can specify it by Investment funds.

[Ruttoshi]

Discretionary income is further allocated into 3 places and this marks their different terms ( Under discretionary income): these include; BACKUP FUNDS, EMERGENCY FUNDS and "INVESTMENT FUNDS"

Firstly, discretionary funds and discretionary income is the same thing.  Secondly, emergency funds is classified as back up funds. We have two backup funds which are emergency funds and backup funds. The emergency funds is the reserve funds to your bitcoin investment and shouldn't be tampered with until you are hit will a real life emergency after you have exhausted your reserve funds and the problem is not yet solves. Reserve funds is more flexible than emergency funds because you can use it freely for some other purpose, like buying at the dip, fixing of your car and more.

However, your discretionary income should be split up into two part in the beginning of your bitcoin investment if you don't have any emergency funds on ground before starting your bitcoin investment. One part will be for your weekly DCA and the other part to set up your emergency funds of at least three months of your monthly income. Building your bitcoin investment simultaneously with your emergency funds is the best and when your emergency funds is up to three months, you can channel that money for your emergency funds and build your reserve funds. If you have finished building your reserve funds, you can channel the money into your bitcoin investment and DCA aggressively.

If you want to use your discretionary income to invest in bitcoin, build your emergency funds and reserve funds at the same time, you will be piling up too much fiat with a little bitcoin and that wouldn't help the growth of your bitcoin investment because for a new investor to be investing in bitcoin and at the same time building up his emergency funds will take him up to 1-2 years. Talk more, of when he is also building a reserve funds too some the same discretionary income.

[Y3shot]

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

I wonder what type of sensible income you are talking about because to the best of my knowledge, their are so many guys out there that wish to invest in Bitcoin that are earning a sensible income as you called it but still can't figure out their discretionary income, what an investor need in other to invest in Bitcoin consistently is a discretionary income and the will to hold for a very long period of time, because if he has the will to hold for the future, he will put down measures that will make him develop a strong holding hands, like having an emergency and reserve funds in place to protect his investment against any unforseen circumstances that may arise in the future.

When it comes to investing bitcoin,  no doubt, having discretionary fund is very important, but I don't think this is the only thing that makes people to be able to invest bitcoin because their are some people who have this fund but they still find it difficult to invest bitcoin.

Having a good understanding of bitcoin is also important and also good panning sense.  Understanding is the main thing, with this one will be able to manage the discretionary fund to invest very well. The reason why investors are very consistent in their investment is not just because the fund is avaliable,  it is because of the understanding they have about bitcoin investment  which is being considered as a major target to meet with .

[Joeboy]

Pardon my ignorance, but what is the difference between discretionary funds and income.

See it like this discretionary income is that constant flow of money you have after your expenses( it can be in a monthly or a yearly basis), while discretionary funds is the actual cash from that flow that you can make use of at the moment.

Discretionary Income and Funds may have little differences but it is not enough reason to say that they are completely two different things this is because Discretionary Income generates Discretionary Funds, meaning that when you keep receiving that extra income over time and don’t immediately spend it, it accumulates into your Discretionary funds.

[Derekfunds]

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

I wonder what type of sensible income you are talking about because to the best of my knowledge, their are so many guys out there that wish to invest in Bitcoin that are earning a sensible income as you called it but still can't figure out their discretionary income, what an investor need in other to invest in Bitcoin consistently is a discretionary income and the will to hold for a very long period of time, because if he has the will to hold for the future, he will put down measures that will make him develop a strong holding hands, like having an emergency and reserve funds in place to protect his investment against any unforseen circumstances that may arise in the future.

When it comes to investing bitcoin,  no doubt, having discretionary fund is very important, but I don't think this is the only thing that makes people to be able to invest bitcoin because their are some people who have this fund but they still find it difficult to invest bitcoin.

Having a good understanding of bitcoin is also important and also good panning sense.  Understanding is the main thing, with this one will be able to manage the discretionary fund to invest very well. The reason why investors are very consistent in their investment is not just because the fund is avaliable,  it is because of the understanding they have about bitcoin investment  which is being considered as a major target to meet with .

If we want to talk about the things that can make an investor to be committed and consistent then there are a lots of things to be considered and these things have to be embedded in us because if any of it is lacking there will always be a problem from that angle that is why sometimes we see someone who has a good discretionary income but will be finding it difficult to invest regularly and consistently and sometimes we see someone who is consistent but will be finding it difficult to hold for a long period of time so until an investor posses an atom of these things they can not really carry out the investment well.

[icebar]

Truly, the emergency funds is very vital for our bitcoin investment, the importance of having an emergency funds cannot be overemphasized as it goes a long way to protecting and sustaining our bitcoin investment. But, not having an emergency funds doesn’t mean we can’t own or start an investment in bitcoin, what you need to start or accumulate bitcoin is just a discretionary income. The idea is, as far as you’re accumulating bitcoin and hold for the long term without panicking to sell or  selling when it’s not yet appropriate to do so. It’s advisable to get started in accumulating bitcoin first and along the line we can be building up our emergency funds with time, but not having an emergency funds shouldn’t prevent one from investing and accumulating bitcoin when your discretionary income is available.

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

There are many investors who are not motivated to invest despite having money. They definitely need to have a good understanding of Bitcoin at the beginning. But in most cases, the picture that is seen is that they get stuck in the middle due to lack of investment knowledge. There are many people who cannot maintain their investment after investing in Bitcoin. The purpose for which they invested is not successful. An investor should definitely give importance to several things while investing in Bitcoin. At the beginning of the investment, it should be seen whether he has the capacity to invest. If he has discretionary income and if he can invest in Bitcoin regularly for a long time, then he can benefit from Bitcoin investment at some stage.

[yixichloro2xx]

Truly, the emergency funds is very vital for our bitcoin investment, the importance of having an emergency funds cannot be overemphasized as it goes a long way to protecting and sustaining our bitcoin investment. But, not having an emergency funds doesn’t mean we can’t own or start an investment in bitcoin, what you need to start or accumulate bitcoin is just a discretionary income. The idea is, as far as you’re accumulating bitcoin and hold for the long term without panicking to sell or  selling when it’s not yet appropriate to do so. It’s advisable to get started in accumulating bitcoin first and along the line we can be building up our emergency funds with time, but not having an emergency funds shouldn’t prevent one from investing and accumulating bitcoin when your discretionary income is available.

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

There are many investors who are not motivated to invest despite having money. They definitely need to have a good understanding of Bitcoin at the beginning. But in most cases, the picture that is seen is that they get stuck in the middle due to lack of investment knowledge. There are many people who cannot maintain their investment after investing in Bitcoin. The purpose for which they invested is not successful. An investor should definitely give importance to several things while investing in Bitcoin. At the beginning of the investment, it should be seen whether he has the capacity to invest. If he has discretionary income and if he can invest in Bitcoin regularly for a long time, then he can benefit from Bitcoin investment at some stage.

Many people hesitate to invest in Bitcoin not due to a lack of funds, but because they lack a clear understanding of the asset and how to manage their capital over time. Successful investing requires more than money, it demands a plan and the discipline to stick with it. Most newbies often enter the market with excitement, hoping for quick profits, but without grasping Bitcoins volatility and long term nature, they may lose confidence, sell impulsively, or abandon their strategy altogether, undermining their original goals like wealth growth or portfolio diversification.

As by my own take I will say before investing, it is crucial to assess your financial readiness. This means ensuring you have discretionary income, money left after covering essential expenses like rent, food, and taxes. Using funds meant for basic needs can lead to forced selling during emergencies. Consistency is also key in  investing steadily over time, regardless of market fluctuations, helps smooth out volatility and builds a stronger position for long term growth.

Discretionary income forms the foundation of sustainable investing. From this pool, you allocate discretionary funds, the portion specifically set aside for Bitcoin. This separation protects your financial stability while allowing you to build a disciplined investment habit. Ultimately, Bitcoin investing isn’t about perfect timing, it is about consistent contributions and informed decisions that compound over time, positioning you to benefit from its resilience and potential.

[JayJuanGee]

Pardon my ignorance, but what is the difference between discretionary funds and income.

See it like this discretionary income is that constant flow of money you have after your expenses( it can be in a monthly or a yearly basis), while discretionary funds is the actual cash from that flow that you can make use of at the moment.

Discretionary Income and Funds may have little differences but it is not enough reason to say that they are completely two different things this is because Discretionary Income generates Discretionary Funds, meaning that when you keep receiving that extra income over time and don’t immediately spend it, it accumulates into your Discretionary funds.

That is a decently good explanation Joeboy - except when you say that they are completely two different things, you might contribute to confusion, since many times people will use terms interchangeably even though they have slightly different meanings.

Sometimes the use of one term or the other is not going to make any differences in the points being made and other times there can be a difference to talk about differences.

If we look at the word discretion - it just indicates something that you can decide to do whatever you want with it.  Sometimes a person might have limited discretion within guidelines and other times he will have complete discretion.  Many times when we are dealing with our own money we have quite a bit of discretion, unless we are in a relationship, then we might have obligations to people within our relationships.. yet many times we use the term discretion to suggest that the person has quite a bit of latitude in deciding how to use funds that are discretionary..

So yeah, as a few members have already mentioned we can think about various kinds of funds that we have available currently or we can consider funds that we might have in the future.  If we are receiving such funds in the form of a regular income then we might be referring to that flow of funds that are coming in and part of our income is non-discretionary, meaning that it has already been allocated for our expenses, and other funds are discretionary meaning we can do what we like with them.  So even if we are talking about our expenses we might talk about expenses that we have to pay, and they may be dealing with paying for our basic needs  such as food, lodging, utilities, water and maybe even transportation to and from work, versus expenses that are  discretionary such as going to a fancy restaurant or buying cigarretes or alcoholic drinks.

Sometimes we will use terms in vague and ambiguous ways and other times we might be trying to make certain kinds of points, so if we are talking about whether we need a steady income or not to buy bitcoin, then we might we might have some differences of opinion about that in terms of whether we are talking about what we might need for a one time purchase versus what we might need if we were to continue to want to buy bitcoin on a weekly basis.  If we don't have any back up funds, then we are totally reliant upon money that comes in to figure out what we are going to do with it and if there is extra after we had accounted for our basic expenses to be able to buy bitcoin.

Surely if we have various kinds of back up funds and even other investments then we might have more options, since we can draw from our back up funds to buy bitcoin.  Back up funds might be considered as emergency funds, reserve funds and float, and so usually we would not take from our emergency funds to buy bitcoin, so we might have had put limitations on how we are able to use our emergency funds, which we might say that they have limited discretion, yet since we created the rules for ourselves, we can still break the rules upon our discretion (upon our choice).  The reserve funds can be used for anything including buying bitcoin, so we might say that the reserve funds have full discretion in how they can be used, yet if the only money that we have available in our reserve funds is money that we had allocated to buy our daughter a bicycle once the funds reach $350, then we have limited discretion regarding those funds, even though we could break the limitations and decide to use the money for buying bitcoin rather than using that money to continue to save up for the bicycle for our daughter.

Discretionary funds could come from the income each month or it can come from money that is saved in our back up funds, and surely we can set up our bitcoin buys so that they are the same amount of money each week that is coming out of our regular income (such as $100 per week), so there would be a presumption that we have at least more than $100 of discretionary income each week and we are not spending from our non-discretionary income (money we need for expenses), yet if we don't have a regular income, then we may well start to deplete whatever funds that we have, which might mean that we either have to reduce our weekly buys or discontinue them... Of course, there are guys who have steady incomes and guys who do not, and some guys have more certainty than others in regards to their abilities to generate income in the event that they were to lose some or all of their current income sources.

[SmartCharpa]

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

If you do not have basic knowledge about Bitcoin, then you will never know what Bitcoin is and how we can profit from Bitcoin. If you do not have faith in Bitcoin, then you can sell your holdings during the decline. So you have to have faith in Bitcoin. If a new person is scared, it is very natural, but he has to be careful that he does not get so scared that he has to sell his holdings. Along with investing, by gaining knowledge and gaining experience, you will be able to learn to deal with the decline gradually.

When it comes to Bitcoin knowledge and trust are very important for any investor because it is not about predicting the best time to buy, but to understand what you're investing in and why you believe in it. If you understand how Bitcoin works, how it benefits investors, and why people value it, you will feel more comfortable holding it even if the price falls, but if you don't understand Bitcoin, you will fear when the prices change and sell at the wrong time.

The trust in Bitcoin comes from understanding its future value, which is better than a short term investment, the price always changes, and that is normal, but the goal is to invest for the future. And if you continue to learn, you will be able to deal with the dips, stay patient, and do not invest more than you can afford to hold.

[Makus]

All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.

The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.

As far as I can understand from your post, the mistake we often make is that we consider discretionary income in investment, but if we look deeply into the matter, we can see that there is a slight difference that would be discretionary fund. By discretionary income we mean the income that a person receives consistently like weekly or monthly. But when we say discretionary fund, it is an amount after spending all expanses. It can be 10 dollars or 20, any number, and in the case of investing in Bitcoin, we can invest that amount. Discretionary funds can be said to be money that I have no obligation to use. I can spend it wherever I want, according to my wishes, and that money is worthy for Bitcoin investment.

There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.

Sure it is nice to have an income flow  and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.

Yet no one is precluded from getting started investing into bitcoin merely because he does not have a steady income... . and he is also not precluded from continuing to invest whenever he has discretionary funds.

There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.

The most important thing is that we get started as soon as possible irrespective of how our income flow is, and along side our bitcoin investment we should also provide means for back up fund for emergency situations, so we don't go running into our bitcoin investment when we encounter situations that demand immediate intervention financially. It's  a plus up to have a steady paying source of income or a good paying job, so that our discretionary income will be frequent so we can just follow a schedule for each month or week but if that's not the case then there's no need to feel inferior because bitcoin investment isn't limited to only a certain kind of people, it's for all and can be better achieved when you put the concept  of emergency funds and reserved fund alongside your bitcoin investment, though it may take a while to build even for a year or 2. But the most important thing is that you have it aside and build your bitcoin portfolio.

[kanftka]

All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.

The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.

As far as I can understand from your post, the mistake we often make is that we consider discretionary income in investment, but if we look deeply into the matter, we can see that there is a slight difference that would be discretionary fund. By discretionary income we mean the income that a person receives consistently like weekly or monthly. But when we say discretionary fund, it is an amount after spending all expanses. It can be 10 dollars or 20, any number, and in the case of investing in Bitcoin, we can invest that amount. Discretionary funds can be said to be money that I have no obligation to use. I can spend it wherever I want, according to my wishes, and that money is worthy for Bitcoin investment.

There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.

I agree, sometimes people get way too distracted on the exact wording or definitions, and it ends up distracting them from the real message… Whether you say steady income or discretionary funds, I think what really matters is how you manage what you have to start investing... not getting stuck on the terms, it does slow down a lot of people who just want to get started…

Sure it is nice to have an income flow  and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.

Yeah, no one is disputing the fact that having a good job and steady income does not makes stacking Bitcoin easier, no doubt. It helps build a backup fund, reduces stress, and speeds up your buying power which is also important…   But at the same time, not everyone situation looks like that, and it should not be a barrier…. You can still be buying Bitcoin little by little, even if your cash flow isn’t steady, it’s all about you knowing how to balance things…

There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.

True, smetimes discretionary funds just are not enough, and the future feels too uncertain to commit big…

Everyone needs to be honest with themselves about their financial situation and the risks they can take. But even with those limits, the door to investing is not still closed, it just means moving at a different pace and adjusting expectations..  People often say you need steady income before getting started, but that is not the full story. The truth is, anyone can start stacking BTC in whatever way works for them… It might be slower but what matters is starting and staying consistent, and also growing over time...

[OsaiEmma]

There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.

Sure it is nice to have an income flow  and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.

Yet no one is precluded from getting started investing into bitcoin merely because he does not have a steady income... . and he is also not precluded from continuing to invest whenever he has discretionary funds.

There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.

The most important thing is that we get started as soon as possible irrespective of how our income flow is, and along side our bitcoin investment we should also provide means for back up fund for emergency situations, so we don't go running into our bitcoin investment when we encounter situations that demand immediate intervention financially. It's  a plus up to have a steady paying source of income or a good paying job, so that our discretionary income will be frequent so we can just follow a schedule for each month or week but if that's not the case then there's no need to feel inferior because bitcoin investment isn't limited to only a certain kind of people, it's for all and can be better achieved when you put the concept  of emergency funds and reserved fund alongside your bitcoin investment, though it may take a while to build even for a year or 2. But the most important thing is that you have it aside and build your bitcoin portfolio.
[/quote]

I total agree with you on this, BTC investment surely is not a get-rich-quick scheme, it is an investment that one nurtures, accumulate, build, and grow for long term long lasting profitability, so if you start small and grow it, with consistency and time you will surely see the result, it's just so many shit coins had introduced this pump and dump, get-rich-quick ideology that a lot of people have forgotten that it takes time, patience, and consistency to build wealth.

Pardon my ignorance, but what is the difference between discretionary funds and income.

See it like this discretionary income is that constant flow of money you have after your expenses( it can be in a monthly or a yearly basis), while discretionary funds is the actual cash from that flow that you can make use of at the moment.

Discretionary Income and Funds may have little differences but it is not enough reason to say that they are completely two different things this is because Discretionary Income generates Discretionary Funds, meaning that when you keep receiving that extra income over time and don’t immediately spend it, it accumulates into your Discretionary funds.

That is a decently good explanation Joeboy - except when you say that they are completely two different things, you might contribute to confusion, since many times people will use terms interchangeably even though they have slightly different meanings.

Sometimes the use of one term or the other is not going to make any differences in the points being made and other times there can be a difference to talk about differences.

If we look at the word discretion - it just indicates something that you can decide to do whatever you want with it.  Sometimes a person might have limited discretion within guidelines and other times he will have complete discretion.  Many times when we are dealing with our own money we have quite a bit of discretion, unless we are in a relationship, then we might have obligations to people within our relationships.. yet many times we use the term discretion to suggest that the person has quite a bit of latitude in deciding how to use funds that are discretionary..

So yeah, as a few members have already mentioned we can think about various kinds of funds that we have available currently or we can consider funds that we might have in the future.  If we are receiving such funds in the form of a regular income then we might be referring to that flow of funds that are coming in and part of our income is non-discretionary, meaning that it has already been allocated for our expenses, and other funds are discretionary meaning we can do what we like with them.  So even if we are talking about our expenses we might talk about expenses that we have to pay, and they may be dealing with paying for our basic needs  such as food, lodging, utilities, water and maybe even transportation to and from work, versus expenses that are  discretionary such as going to a fancy restaurant or buying cigarretes or alcoholic drinks.

Sometimes we will use terms in vague and ambiguous ways and other times we might be trying to make certain kinds of points, so if we are talking about whether we need a steady income or not to buy bitcoin, then we might we might have some differences of opinion about that in terms of whether we are talking about what we might need for a one time purchase versus what we might need if we were to continue to want to buy bitcoin on a weekly basis.  If we don't have any back up funds, then we are totally reliant upon money that comes in to figure out what we are going to do with it and if there is extra after we had accounted for our basic expenses to be able to buy bitcoin.

Surely if we have various kinds of back up funds and even other investments then we might have more options, since we can draw from our back up funds to buy bitcoin.  Back up funds might be considered as emergency funds, reserve funds and float, and so usually we would not take from our emergency funds to buy bitcoin, so we might have had put limitations on how we are able to use our emergency funds, which we might say that they have limited discretion, yet since we created the rules for ourselves, we can still break the rules upon our discretion (upon our choice).  The reserve funds can be used for anything including buying bitcoin, so we might say that the reserve funds have full discretion in how they can be used, yet if the only money that we have available in our reserve funds is money that we had allocated to buy our daughter a bicycle once the funds reach $350, then we have limited discretion regarding those funds, even though we could break the limitations and decide to use the money for buying bitcoin rather than using that money to continue to save up for the bicycle for our daughter.

Discretionary funds could come from the income each month or it can come from money that is saved in our back up funds, and surely we can set up our bitcoin buys so that they are the same amount of money each week that is coming out of our regular income (such as $100 per week), so there would be a presumption that we have at least more than $100 of discretionary income each week and we are not spending from our non-discretionary income (money we need for expenses), yet if we don't have a regular income, then we may well start to deplete whatever funds that we have, which might mean that we either have to reduce our weekly buys or discontinue them... Of course, there are guys who have steady incomes and guys who do not, and some guys have more certainty than others in regards to their abilities to generate income in the event that they were to lose some or all of their current income sources.

Thanks for a more clearer explanation, these are my thoughts exactly, that's why when u made a distinction between the two from your previous post I was a kinda confused and decided to know exactly what's their difference, I think with this there shouldn't be any more confusing.

And thanks to all that took their time to educate me I appreciate

[Gost ms]

All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.

The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.

As far as I can understand from your post, the mistake we often make is that we consider discretionary income in investment, but if we look deeply into the matter, we can see that there is a slight difference that would be discretionary fund. By discretionary income we mean the income that a person receives consistently like weekly or monthly. But when we say discretionary fund, it is an amount after spending all expanses. It can be 10 dollars or 20, any number, and in the case of investing in Bitcoin, we can invest that amount. Discretionary funds can be said to be money that I have no obligation to use. I can spend it wherever I want, according to my wishes, and that money is worthy for Bitcoin investment.

There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.

I agree, sometimes people get way too distracted on the exact wording or definitions, and it ends up distracting them from the real message… Whether you say steady income or discretionary funds, I think what really matters is how you manage what you have to start investing... not getting stuck on the terms, it does slow down a lot of people who just want to get started…

Sure it is nice to have an income flow  and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.

Yeah, no one is disputing the fact that having a good job and steady income does not makes stacking Bitcoin easier, no doubt. It helps build a backup fund, reduces stress, and speeds up your buying power which is also important…   But at the same time, not everyone situation looks like that, and it should not be a barrier…. You can still be buying Bitcoin little by little, even if your cash flow isn’t steady, it’s all about you knowing how to balance things…

There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.

True, smetimes discretionary funds just are not enough, and the future feels too uncertain to commit big…

Everyone needs to be honest with themselves about their financial situation and the risks they can take. But even with those limits, the door to investing is not still closed, it just means moving at a different pace and adjusting expectations..  People often say you need steady income before getting started, but that is not the full story. The truth is, anyone can start stacking BTC in whatever way works for them… It might be slower but what matters is starting and staying consistent, and also growing over time...

Anyone can start investing in any way. But they have to keep in mind which method will be good for them. As you said, fixed income If a person has a fixed income, if his expenses are high and he cannot invest consistently, then it will not be the right decision for his investment at all. It is said to invest with discretionary income for investment, because you do not need discretionary money very much. The amount of money left after deducting all your expenses is your discretionary income. You need discretionary income only when you are in the midst of some kind of financial crisis or. That is why it is always said that it is better to invest with discretionary income. If you invest with discretionary income, the possibility of continuity of investment is very high.

But yes, anyone can invest through any method, can invest with any source of income. But it is better to invest by deciding which one will be good for his portfolio. Because if a person invests today and has to sell it after 2 days, it will never be good for him.

[Barikui1]

. It is said to invest with discretionary income for investment, because you do not need discretionary money very much. The amount of money left after deducting all your expenses is your discretionary income. You need discretionary income only when you are in the midst of some kind of financial crisis or.

I think you are getting confused here by what you are saying here, the purpose of investing with discretionary income is because since it's the money left after all expenses has been made, you wouldn't be that troubled if your Bitcoin investment didn't goes as planned, so you saying that you need discretionary income when in the midst of financial crisis is wrong.

. That is why it is always said that it is better to invest with discretionary income. If you invest with discretionary income, the possibility of continuity of investment is very high.

just as I have said already, the primary purpose of investing with your discretionary income is because since it's a money you can afford to lose, you wouldn't be contemplating on suicide in the future if Bitcoin didn't go as planned, because it's a money you can afford to lose, but for consistent accumulation of Bitcoin, constant discretionary funds needs to be coming in either weekly or monthly.

But yes, anyone can invest through any method, can invest with any source of income.

No, you don't invest with any money that enters your hand or any source of income as you called it, your invest in Bitcoin only with your discretionary funds, once you can figure it out from your source, their is nothing stopping you then.