Investing should never be mandatory and should only be done with funds you can afford to lose. Especially for highly volatile and risky assets like cryptocurrencies. So I don't think it's a good idea to focus on a monthly plan if the amounts invested are substantial. People doing that should do it as a game of chance, without specific goals. If they win, they must be happy, but if they lose, it shouldn't affect them, they shouldn't have to care about it.
yep which is why its advisable to have savings first.. to have the easy pot you dont want to lose to stupid decisions. as the safety barrier.. to cover the events where money is needed
investments is then the secondary event which to use excess funds, you are less emotional about due to having the savings rescue pot.
you are then less likely to panic when it comes to investments..
the mindset is if the money you dont spend which you want to invest would have just been spent on frivulous stuff thus a loss, you might as well aim it at investing to potentially increase wealth, still in the knowledge you might have also made bad judgements by spending it before. thus less emotionally attached.
i personally think of excess funds as money that would have bought a car just to show off or food that would have become a toilet flush, thus i dont panic when investments yo-yo short-mid term. i dont need to touch it short-mid term. because if any real world incidents happen i have the savings to cover that. so i am more free to then invest without the risks/fears.
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when people decide to go full-anal frugal and live like a hermit crap, delaying living comfortably within means and living instead below comfort below basic means.. they then get emotionally attached to the investments and more likely to make mistakes short-mid term