Quote from: Agbamoni on Today at 06:47:50 PM

Quote from: ginsan on Today at 05:30:56 PM

Quote from: ShowOff on May 08, 2024, 08:38:07 PM

Forcing yourself to consider other people's ideas in your investment journey can basically destroy the investment plans you have built for a long time. If you have a good planning framework supported by useful strategies, then go ahead and improve. I think this method is more challenging than hoping that other people's ideas will provide commensurate benefits for you, but as a decision maker you have the right to use whatever method you believe will produce return.

Previously, I said that the investments we make are purely from our self-awareness without any coercion from any party. I have known about bitcoin for a long time but only one year ago I really invested properly because I had the confidence to hold bitcoin longer or for the next 5 years.

I have overcome various obstacles and mental burdens in investing one year ago and now it has been almost 1.5 years for the bitcoin accumulation that I have done. So, if we can budget $30 for the investment we make, then just focus on buying regularly every week.
But if your income increases in the coming years then there is an option to increase the budget flow to a larger one.

It's easy said than done. The problem we face is that at the beginning stage we do not put proper consideration on our investment before starting it. One thing i came to understand is that if we do things out of emotions, we end up making mistakes. We should have proper planning to meet our goal, emotions won't help us. Bitcoin investment and investment in general is done by proper planning and consistency in accumulation which we know cannot be successful if there is only one source of income unless the monthly pay is kind of enough to carter for monthly expenses, have reserve fund and be enough for investment. The question is if we receive our income monthly how do we go about our DCA, since it is weekly? I would prefer weekly DCA instead of monthly DCA i don't know what you think buddy?

Invest on what you can afford to lose as always as yet this is the primary rule when it comes to investment which specifically means that its not ideal on spending up the funds which are intended to pay up your monthly bull. Investing is really that reflecting out on your financial capacity on whatever means you would really be getting it but if we do speak about that sole income source then having this kind of investment set-up would really be that a huge challenge. So in the end of the day it would really be just that depending on you on how you would really be handling up yourself when it comes to investment decision.

Sorry for the out of topic reply above, taking back about having push-ups. Honestly i have stopped on doing it midway on which it seems that 100k is really that too far off basing up on the movement
of the market. Im that a type of guy who do easily get tired or really just that im too impatient. lol