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

[MainIbem]

You should've used Naira and not Dollar since the money for upkeep given to many Nigerian students by their parents is mostly in Naira and not dollar. However, based on the present economic situation of our country it would be tough for a Nigerian student to sustain their needs and investment with $30 upkeep income, the person would definitely need an extra income from a job or so, maybe $100 can be manageable but the student would still need to cut down on some expenses likewise channel funds for entertainment into the investment.

[Hardyrobust]

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.

If a student is able to figure out that they have discretionary income from the little they receive from their parents investing it in bitcoin may not be a bad idea. It is only when they don't have any left over cash or they are using money that is supposed to be used to cover up there essential needs to invest that is when it won't a good thing. It won't be good for anyone, not only students to inconvenience themselves just because they want to invest in bitcoin by using money for there expenses and to invest in bitcoin. The most important thing is if a student have an extra cash that they can be able to spare without it affecting them in any way no matter the amount they may have received.

[Halifat]

If a student is able to figure out that they have discretionary income from the little they receive from their parents investing it in bitcoin may not be a bad idea. It is only when they don't have any left over cash or they are using money that is supposed to be used to cover up there essential needs to invest that is when it won't a good thing. It won't be good for anyone, not only students to inconvenience themselves just because they want to invest in bitcoin by using money for there expenses and to invest in bitcoin. The most important thing is if a student have an extra cash that they can be able to spare without it affecting them in any way no matter the amount they may have received.

I was a student and what I experience during my school days it's not easy but I don't expect everyone to have the same experience as me, we can never have the same problem but we know School is actually a place where we spend so much and that is why I said, I faced challenges. When I was in school even though I decided to make an investment, I cannot do it because the money I was having was not always enough and that is because of where I come from, I come from a poor background that cannot afford so much for me to even invest but I thank God despite my condition they are still people that have less than me.

[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

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.

That's are generally difficult in Nigeria and the students aren't left on this one and just as I have said in previously, I wouldn't advise a student who is barely surviving to risk their money to invest because you might just end up over stressing both your mental and emotional health, so I believe the best thing a student should do is seek for possible way on how to earn extra money and so it will be better if they go learn a skill either digitally or physically so that, it would be easier for them to invest in the coin.

[Different patterns]

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.

Exactly my point. I understand what you’re saying. Life of student is totally different from others, and one thing at times people overlook is that investing is not a race. If person be student and money you get mainly com from your families members, you forcing yourself to invest, you are creating unnecessary pressure to yourself just because you seeing others people are doing it. but I don’t see anything wrong for you to take your time to learn about bitcoin, with gradual process to understand how it really works and also prepare yourself with strong financial position. because once you prepare yourself and begin to earn your own money, you become financially free and have control over how you can comfortably invest without any forms of distraction that can affect your your needs. My opinion be say to have good financial foundations is very important to avoid problems and make your investments moving forward.

[L E G E N D A R Y]

That's are generally difficult in Nigeria and the students aren't left on this one and just as I have said in previously, I wouldn't advise a student who is barely surviving to risk their money to invest because you might just end up over stressing both your mental and emotional health, so I believe the best thing a student should do is seek for possible way on how to earn extra money and so it will be better if they go learn a skill either digitally or physically so that, it would be easier for them to invest in the coin.

That’s why I sometimes say, even though bitcoin invest is actually for everyone, Bitcoin is still not for everyone, because it takes only those who have discretionary income to effectively invest in Bitcoin. Others (who do not have discretionary funds)may try to invest or accumulate bitcoin but they’ll be constantly messing up their overall financial situation and this can be really bad for an investor because there’ll always be need to touch your investment because there’ll always be financial needs and problems left unsolved and the only option would be to tap into your Bitcoin.

[Salahmu]

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.

Is not true that all the students are broke because some students actually have money before going to school, while some others are also being sponsored by the government through the scholarship that would served them throughout their academics and still their parents fund them weekly so Bitcoin is very much possible for those students to invest, there is actually money now with students than before but although is not all the students that has money but however no matter how e be people no suppose question any students why them no they invest because we no go no how e take be for their side.

[New Judgement]

1 Stop all unnecessary expenses, such as smoking expenses, drinking expenses,

That you don’t drink or smoke doesn’t make such expenses unnecessary, it is easier to call what we don’t consume unnecessary expenditures. But to someone who consumes them, they are essential expenditures. Sometimes I wonder how non smokers and people who don’t consume alcohol thinks that people who spend some money on these things are wasting money. There are people that smoking are essential part of their daily routine. My stand is this, everyone should cut out what they see as waste in their routine expenditures. It is not right for another person to decide what is waste in another person’s life. How would you feel if someone call what you consider as essential to your survival and daily life as waste?

[yixichloro2xx]

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.

That's are generally difficult in Nigeria and the students aren't left on this one and just as I have said in previously, I wouldn't advise a student who is barely surviving to risk their money to invest because you might just end up over stressing both your mental and emotional health, so I believe the best thing a student should do is seek for possible way on how to earn extra money and so it will be better if they go learn a skill either digitally or physically so that, it would be easier for them to invest in the coin.

Only students whose parents or guardians give them alot of money, that can Invest without any pressure. But if it is someone who collects low wages ( e.g <₦20k/ months) , they should not even think of trying to buy Bitcoin. Reason is because in school, some many expenses will come up, e.g food, printing of papers, textbooks, handouts etc) these things can eat up students wages. Imagine a student who collects such low amount of money, now decide to put ₦5k-6k into Bitcoin, the remaining won't be enough for them throughout the months especially when unexpected expenses comes up. Even they were able to accumulate consistently for a while, I don't think they might hold for a long term. Bitcoin investments requires lots of times, patience and consistency, so there is no need to sacrifice your immediate needs just to say you are investing.

[Grace333]

Only students whose parents or guardians give them alot of money, that can Invest without any pressure. But if it is someone who collects low wages ( e.g <₦20k/ months) , they should not even think of trying to buy Bitcoin. Reason is because in school, some many expenses will come up, e.g food, printing of papers, textbooks, handouts etc) these things can eat up students wages. Imagine a student who collects such low amount of money, now decide to put ₦5k-6k into Bitcoin, the remaining won't be enough for them throughout the months especially when unexpected expenses comes up. Even they were able to accumulate consistently for a while, I don't think they might hold for a long term. Bitcoin investments requires lots of times, patience and consistency, so there is no need to sacrifice your immediate needs just to say you are investing.

You're on point mate, I like how you made mention of expenses in school. Most people behave as though they don't know how demanding school is when it comes to finances and your time. However, it would be difficult for someone to go get a full time job while they are in school and that make majority of the students to solely depend on their guardians or a side hustle. Personally I like the idea of a side hustle because that was what I leveraged on the whole time I was in school and it did work out fine for me. So anyone interested in bitcoin investment must first have a discretionary income and a floating amount for any future expenses.