How can a student make balanced investments without his source of income?

[Obari]

Be realistic and put all those values in Naira instead of of dollar..
There’s absolutely no reason to force investment if you don’t have any source of income yet.. you can save up instead to start but before starting, you need to ask yourself if you can afford it.  Going after some immediate profit in Bitcoin will humble you and you might eventually sell in loss.

Invest with some sense not because everyone is doing it and you must.. there are different options but Bitcoin stands out.

As a student, who doesn't have any source of income, I don't think such a person should be bothered with trying to invest off a sponsors pocket but rather what such a person ought to do is trying to learn a skill especially a digital skill that can help fetch them some money if they really want to invest because as a student in Nigerian, life is already hard especially when you don't have a source of income and maybe your sponsors are already on a strict budget and trying to invest might just be a burden to you as the schooling system comes with a lot of unplanned expenses

[Oyoyoma_yu]

As a student it very wrong to spend everything you have as cash, as a student you can make good plans even with the small money given to you by parents, and maybe your siblings, you can do this by investing part of the money given to you to a digital asset like bitcoin. Students should not rely on looking for job when they done with their education early investment even your little investment can gain you financial freedom.
Students who save money, and invest them properly don't need to seek for low paying when they are done with their studies, and if must look for job they will have to be very selective because already they have built a starting point for themselves.

[Somto9Light]

As a student, who doesn't have any source of income, I don't think such a person should be bothered with trying to invest off a sponsors pocket but rather what such a person ought to do is trying to learn a skill especially a digital skill that can help fetch them some money if they really want to invest because as a student in Nigerian, life is already hard especially when you don't have a source of income and maybe your sponsors are already on a strict budget and trying to invest might just be a burden to you as the schooling system comes with a lot of unplanned expenses

It's almost impossible for a student that does not have a job to invest in bitcoin even though they might be getting money from their families and also from thier relatives, let's say they trusted those source too much that whenever they put a phone call that they will deliver. Maybe they still have enough discretionary income that moment that's after paying their tuition fees, instead of them to use the money to invest in bitcoin I  would advice that they should use the money to learn any of this digital skills. Because when they succeed in learning the skill they will now have source of income and then they can look into bitcoin Investment let it be that they are using their own personal money to invest in bitcoin and not the one they give them for school fees and other things such as feeding.

[ruykeri]

Since a student does not earn, since he depends on the other earning members of his family and is not yet ready to take responsibility in the family, he does not need to worry about a backup fund when he starts investing with a small amount. If he had responsibility, he would have formed a backup fund. Since he is getting the money from his parents, if he spends less of that money himself and invests in Bitcoin or if he does a part-time job and earns income from it and invests in Bitcoin, then he should focus directly on DCA in the beginning. If he goes to form a backup fund, his investment amount will be much less. And if any emergency happens in his family, the members of his family who earn will handle it. Since a student is still young and studying, and does not earn, devoting so much time to investing instead of concentrating on his studies can have a negative effect in the future. Therefore, there is no problem if you can do DCA with any amount without any pressure.

[Yorubek]

I don't think it's a good idea to rely on monthly upkeep to invest because there's no way such student can catch up with his/her investments. Mind you upkeep money isn't money you earn by yourself, it usually come from family members or another person as a support. You see that kind of money won't work for investment because anytime maybe people sponsoring you face difficulties, it would definitely affect your investment. Whether you're a students or not, never depend on someone else money to invest, it's advisable to have your own source of income for investing.

He can invest with money from his family, maybe he will not be able to keep an emergency fund, but he can definitely invest. If for some reason his family stops giving him money, then he can stop his investment in the middle and start again after he gets a job. But if a person is interested in investing from his student life, it will be more helpful for him to continue in the future. Because we know that the next stage of education is when a boy gets involved in employment, life is no longer easy for him. In the present era, there are very few boys who are not involved in drugs. But most of the boys are now involved in drugs, that too from their student life.

What you should understand is you don't have to force yourself to invest whether in bitcoin or any other investments, if you are not financially stable. How is it possible for someone that is not earning on their own to invest? You must have something doing so that you don't have to wait for someone else's money to make your investment grow.

As you are waiting for monthly upkeep, don't forget that there are still many other things you will need to take care as a student. And no matter how hard you try to reduce your expenses, if you invest that money you might end up struggling financially and that's a bad habit of any investors because that can lead to panic selling.

A lot of people focus on investing but forget that financial stability comes first, one shouldn't put oneself under pressure just to say one are an investor, building a good source of income managing one expenses and learning how investment work are all apart of the process. A good investors knows when to invest and when to be patient.

You don't have to be financially stable before you can start investing in Bitcoin if you want to be financially stable you may not get started with your Bitcoin investment, on a normal circumstances there is absolutely no need to put your self into unnecessary pressure just because you want to invest in Bitcoin don't try to invest if you don't have an discretionary income available but from the income you have if you can find out you still have some discretionary income left after you have meet with your necessary or important needs then you can accumulate Bitcoin even though your finance isn't stable yet then as time goes on you can be working on how to increase your finance so you can persistently be accumulating Bitcoin regularly and hold it for long.

Yes, a person does not need much money to start investing in Bitcoin, it is very important to have a prudent income. It is not right to put too much pressure on yourself to manage your investment in Bitcoin. This is absolutely true, it is never possible to manage long-term investment consistently with excessive stress. It is important for a person to diversify his investment, if the investor cannot do that, then he should reduce all unnecessary expenses without wasting extra time, as a result of this, a person can use that money to buy Bitcoin by eliminating all unnecessary expenses even from a small income. However, I think it is very important for an investor to diversify his income with the change of time, as a result of which he does not have to stop investing in difficult situations, he can manage it with discipline and reach his goal.

[Uhwuchukwu53]

It will be hard for students to stand certain pressure if eventually invested in Bitcoin without any source of income mostly academic work here is expensive due to many demand that makes student unstable financially, it can easily work for high profile student whose parents is able and may not complain if certain demand exceeded their expectations nit those who parents struggle financially and join with academic to invest in Bitcoin without sources of income will end up a short time investment where some time such investor will losses because financial need in the school will push him to take wrong decision against his will, where student investing in Bitcoin will strive is when some sources of income are not solely depending on parents and is able to do financially where any happening in the market will not cut much of his attention to puzzle or cit of the investment.

[B-BossMan]

Since a student does not earn, since he depends on the other earning members of his family and is not yet ready to take responsibility in the family, he does not need to worry about a backup fund when he starts investing with a small amount. If he had responsibility, he would have formed a backup fund. Since he is getting the money from his parents, if he spends less of that money himself and invests in Bitcoin or if he does a part-time job and earns income from it and invests in Bitcoin, then he should focus directly on DCA in the beginning. If he goes to form a backup fund, his investment amount will be much less. And if any emergency happens in his family, the members of his family who earn will handle it. Since a student is still young and studying, and does not earn, devoting so much time to investing instead of concentrating on his studies can have a negative effect in the future. Therefore, there is no problem if you can do DCA with any amount without any pressure.

I just keep wondering how would all these strategy works for a student, like how is that possible if not because the students must make sacrifices to suspended some things. Even if the students is not actually responsible for thier family expenses, we should know that investing in Bitcoin or any other business whole still in school means suspendi g some of the things he should have spent his money on for a moment. Despite the school didn't actually in needs of emergency funds at must, but the students still needs a good discipline and financial planning because the money he's receiving may cut off one day, as such need to go away with some unnecessary things and be Channeling some of the funds inro Bitcoin gradually and consistently. Moreover, if the investment cannot interact him in his education or putting him inro daily pressures,it's fine, but if it has turned to pressures on his head, definitely it has become something else.

[RockBell]

As a student it very wrong to spend everything you have as cash, as a student you can make good plans even with the small money given to you by parents, and maybe your siblings, you can do this by investing part of the money given to you to a digital asset like bitcoin. Students should not rely on looking for job when they done with their education early investment even your little investment can gain you financial freedom.
Students who save money, and invest them properly don't need to seek for low paying when they are done with their studies, and if must look for job they will have to be very selective because already they have built a starting point for themselves.

Even as a student, investing in Bitcoin won't be that simple because of how much of your allowance you want to invest in the cryptocurrency. I believe that students should be exempt from this requirement because I am aware of it, and since the majority of students are permitted to work, they should be able to invest from their earnings. However, since they would eventually sell, it is wiser for them to just refrain from investing if they are dependent on their parents' or guardians' allowances.

It is crucial to understand this because many people are unaware that they should invest when it is appropriate. If you don't have a job, how do you want to invest when the little money you have isn't even enough? Therefore, it is better to learn and then invest when it is more convenient, which is when you eventually have a job. In this way, you will be able to buy at your convenience.

[Crypto_Timothy]

Obviously not everyone has the same level of spending power but using myself as case study, I know if I had saved up all he money I was spending on "experience" back then, alot of things would have been very different now. You can always make back the money but I bet you that experience cannot be recreated and if you say you can always experience it later, to people like that I say you can attempt or maybe even get a better version later in life but you see that exact experience at that moment, if you no dey, you no dey , nothing too much.

[Out of mind]

1 Suppose you are given $30 for monthly expenses or for your hand expenses and you are able to find $10 discretionary income by spending all your expenses. You can invest with this $10, but it would be foolish to invest the entire amount.

2 You can create an emergency fund or if your family always gives you money in times of danger, then you may not create an emergency fund. But creating an emergency fund is good because it is better not to depend on anyone else.

This is very good, emergency fund is good for students but when they want to invest in bitcoin should determine if they should have emergency funds or not, a time like this that bitcoin can not fall much lower, I do not see the point of having emergency fund when the money invested on bitcoin can be taking from at anytime. I do not have believe in naira, the long the money stay in the emergency fund, the more likely the money value will reduce.

It is necessary for school students to have an emergency fund but it is up to them whether they will create an emergency fund to invest in Bitcoin. There are many students who only use DCA because they do not have enough money, they do not feel the need for an emergency fund. However, in everyone’s case, it is necessary to have an emergency fund for investment. It will come in handy at any time because since the Bitcoin market is volatile, this fund will come in handy. It is not necessary to keep only Naira for an emergency fund because it can be lost at any time due to inflation, so if you want, it is better to keep USDT for an emergency fund. Not many people trust Naira, so the alternative method of keeping an emergency fund is USDT. I think it is safe, it will come in handy for investment. And if you invest in Bitcoin, of course, if there is a fund, it comes in handy when the market falls, which helps the investor.

[Yeesha]

It is necessary for school students to have an emergency fund but it is up to them whether they will create an emergency fund to invest in Bitcoin. There are many students who only use DCA because they do not have enough money, they do not feel the need for an emergency fund. However, in everyone’s case, it is necessary to have an emergency fund for investment. It will come in handy at any time because since the Bitcoin market is volatile, this fund will come in handy. It is not necessary to keep only Naira for an emergency fund because it can be lost at any time due to inflation, so if you want, it is better to keep USDT for an emergency fund. Not many people trust Naira, so the alternative method of keeping an emergency fund is USDT. I think it is safe, it will come in handy for investment. And if you invest in Bitcoin, of course, if there is a fund, it comes in handy when the market falls, which helps the investor.

Schooling is very difficult, you will be thinking that maybe after registration your only problem is school fees, which is not, apart from handout, they are other unnecessary expenses that you will never imagining paying them, and you will end up paying them at the end of the day. It is very very essential for school children to save some money for the future. And again investment is going to be difficult for them if they are not financially stable. You will hardly see a having DCA, because they have so much expenses to cover, especially those paying for accommodation and feeding. And like you said earlier, bitcoin market is volatile and at the same time investment contain some certain risks, so it is going to be difficult for some students to handle these, plus the pressure that they are facing in school.

[Big Dirams]

1 Suppose you are given $30 for monthly expenses or for your hand expenses and you are able to find $10 discretionary income by spending all your expenses. You can invest with this $10, but it would be foolish to invest the entire amount.

2 You can create an emergency fund or if your family always gives you money in times of danger, then you may not create an emergency fund. But creating an emergency fund is good because it is better not to depend on anyone else.

This is very good, emergency fund is good for students but when they want to invest in bitcoin should determine if they should have emergency funds or not, a time like this that bitcoin can not fall much lower, I do not see the point of having emergency fund when the money invested on bitcoin can be taking from at anytime. I do not have believe in naira, the long the money stay in the emergency fund, the more likely the money value will reduce.

It is necessary for school students to have an emergency fund but it is up to them whether they will create an emergency fund to invest in Bitcoin. There are many students who only use DCA because they do not have enough money, they do not feel the need for an emergency fund. However, in everyone’s case, it is necessary to have an emergency fund for investment. It will come in handy at any time because since the Bitcoin market is volatile, this fund will come in handy. It is not necessary to keep only Naira for an emergency fund because it can be lost at any time due to inflation, so if you want, it is better to keep USDT for an emergency fund. Not many people trust Naira, so the alternative method of keeping an emergency fund is USDT. I think it is safe, it will come in handy for investment. And if you invest in Bitcoin, of course, if there is a fund, it comes in handy when the market falls, which helps the investor.

In this case such investment is a very risky investment and this isn’t a good approach of investment at all not especially when it about bitcoin. Some people do DCA without having emergency funds even after so many weeks or month of investment which is wrong because as soon as an emergency comes up (which we pray it doesn’t ) then the whole investment funds can easily be the options to get the emergency settled and just like that our works and patients of months or so has just been used to taken care of something. This can’t be called investment, it can be said to be a savings.

But when we have availability of our emergency funds and back up funds then our investments won’t end up in such a messy way. Discretionary income is the right money to start our investment just so you know.

[Inior]

So what if the money for the child's upkeep is not enough to cater for his own needs lest his investment? What would you have the child do? This is the reason why it's important that before you to into any investment that your investment interested in you should have a discretionary income and probably a source of income. A student can do a part time job, probably a soft skill that's available online, it doesn't take much to learn and start the student just need to schedule his time so well that it doesn't affect education.

[Nwaswago]

So what if the money for the child's upkeep is not enough to cater for his own needs lest his investment? What would you have the child do? This is the reason why it's important that before you to into any investment that your investment interested in you should have a discretionary income and probably a source of income. A student can do a part time job, probably a soft skill that's available online, it doesn't take much to learn and start the student just need to schedule his time so well that it doesn't affect education.

Not even only students, anyone at all should have a discrestionary income and a source of income if possible but should be know that balancing a source of income, studying and investing wouldn't really be easy ,but could be done with the right time management and this also depends on the type of job being done if it time consuming and tiring.

[JoyceBTC]

As a student it very wrong to spend everything you have as cash, as a student you can make good plans even with the small money given to you by parents, and maybe your siblings, you can do this by investing part of the money given to you to a digital asset like bitcoin. Students should not rely on looking for job when they done with their education early investment even your little investment can gain you financial freedom.
Students who save money, and invest them properly don't need to seek for low paying when they are done with their studies, and if must look for job they will have to be very selective because already they have built a starting point for themselves.

Did you just say with the small money given to them? For you to say small money means the money is not even enough for them and it will be such a bad idea investing with it. The only way that would have been possible is if the money given to them is more than enough, meaning they will still be having extra cash left, then fine, they can go ahead. But with the small money they are given, it better they don’t try to discomfort theirselves, just to invest and end up later tampering with their investment at any time just because money they are supposed to use in fending for their selves is what they used to buy bitcoin.

[ZeroVinsonN]

Maybe wait to invest in bitcoin after your next months allowance has been given to you, then you can be sure of what was left from the previous to with which you can now invest in bitcoin with, if you do it this way then you can be sure to not spend more than you can handle on buying bitcoin.
As a student you definitely don't have to rush yourself, but you can do things to make sure you end up with enough discretionary income to invest with, you can cut down on shuttles within the campus across distances that you can walk, it might not look like much but when you look at how much you spend weekly on paying for those drives you will see how much you can be saving from there.

[Fiasem20]

So what if the money for the child's upkeep is not enough to cater for his own needs lest his investment? What would you have the child do? This is the reason why it's important that before you to into any investment that your investment interested in you should have a discretionary income and probably a source of income. A student can do a part time job, probably a soft skill that's available online, it doesn't take much to learn and start the student just need to schedule his time so well that it doesn't affect education.

Not even only students, anyone at all should have a discrestionary income and a source of income if possible but should be know that balancing a source of income, studying and investing wouldn't really be easy ,but could be done with the right time management and this also depends on the type of job being done if it time consuming and tiring.

If you don’t have something doing that gives you money how would you generate a discretionary income?so definitely those students that are engaged in a business and probably have the intention of investing their money would definitely do that from their source of income.But I don’t think majority of students would invest on bitcoin in Nigeria,there are other means of earning on the internet and investing on bitcoin might not be in their list,but if they want to participate in a business that would generate income I would suggest they go into a business that won’t affect their studies,honestly bitcoin investment isn’t time consuming but the income to stay consistent is a major problem to students in Nigeria.

[Nwaswago]

So what if the money for the child's upkeep is not enough to cater for his own needs lest his investment? What would you have the child do? This is the reason why it's important that before you to into any investment that your investment interested in you should have a discretionary income and probably a source of income. A student can do a part time job, probably a soft skill that's available online, it doesn't take much to learn and start the student just need to schedule his time so well that it doesn't affect education.

Not even only students, anyone at all should have a discrestionary income and a source of income if possible but should be know that balancing a source of income, studying and investing wouldn't really be easy ,but could be done with the right time management and this also depends on the type of job being done if it time consuming and tiring.

If you don’t have something doing that gives you money how would you generate a discretionary income?so definitely those students that are engaged in a business and probably have the intention of investing their money would definitely do that from their source of income.But I don’t think majority of students would invest on bitcoin in Nigeria,there are other means of earning on the internet and investing on bitcoin might not be in their list,but if they want to participate in a business that would generate income I would suggest they go into a business that won’t affect their studies,honestly bitcoin investment isn’t time consuming but the income to stay consistent is a major problem to students in Nigeria.

When ypu say discretionary income, i trust you mean an extra funds after paying and attending to all necessary and basic needs ,that's funds you can afford to leave for a long-term, so some students are given more than enough by there sponsors and can this not be classified as discretionary income,that way they can investment some part of the extra anf still leave some for emergencies in which they can also call there sponsors if it's beyond what they have kept

[Webutxo]

I just keep wondering how would all these strategy works for a student, like how is that possible if not because the students must make sacrifices to suspended some things. Even if the students is not actually responsible for thier family expenses, we should know that investing in Bitcoin or any other business whole still in school means suspendi g some of the things he should have spent his money on for a moment. Despite the school didn't actually in needs of emergency funds at must, but the students still needs a good discipline and financial planning because the money he's receiving may cut off one day, as such need to go away with some unnecessary things and be Channeling some of the funds inro Bitcoin gradually and consistently. Moreover, if the investment cannot interact him in his education or putting him inro daily pressures,it's fine, but if it has turned to pressures on his head, definitely it has become something else.

Make I no wyne you my bro, students no get shishi to invest anything. The students wey dy get means to make Bitcoin investment na student wey dy do online gigs and work to make money. Students for naija no get money like that, some depend on nelfund from government to pay their school fees. If person wey dy depend on government to be able to make their education work, you think say such person go dy think about investment when they never even chop.

Its good to encourage people to make investment of Bitcoin but it make sense to tell the reality too. How many people for naija self dy invest in Bitcoin if not for the early investors that stated well and make money from crypto. Most investors of Bitcoin from our country dy do airdrops to make money and the money when they have more, they put some into Bitcoin so they don't waste the money because holding airdrop will make you lose the value.

[Loyang]

Be realistic and put all those values in Naira instead of of dollar..
There’s absolutely no reason to force investment if you don’t have any source of income yet.. you can save up instead to start but before starting, you need to ask yourself if you can afford it.  Going after some immediate profit in Bitcoin will humble you and you might eventually sell in loss.

Invest with some sense not because everyone is doing it and you must.. there are different options but Bitcoin stands out.

As a student, who doesn't have any source of income, I don't think such a person should be bothered with trying to invest off a sponsors pocket but rather what such a person ought to do is trying to learn a skill especially a digital skill that can help fetch them some money if they really want to invest because as a student in Nigerian, life is already hard especially when you don't have a source of income and maybe your sponsors are already on a strict budget and trying to invest might just be a burden to you as the schooling system comes with a lot of unplanned expenses

The inflation rate is increasing day by day and with time the cost of everything is increasing. It has become very difficult for a student to invest and a student is facing a lot of difficulties in meeting the expenses of his/her studies. In Nigeria, it is not easy for a student to continue investing along with their studies and this investment seems to create a pressure for them. When they want to reduce the amount of expenses to invest, their physical condition may look a little bad which is not a good decision for a student at all.

But yes, there are some boys who have a lot of money from home to spend on them, if those boys are willing, they can invest. But if we talk about Nigeria, it becomes very difficult to find such boys.