Quote from: Richbased on Today at 07:31:45 AM

Quote from: Samlucky O on Today at 02:21:05 AM

Quote from: Jewan420 on May 15, 2024, 04:29:12 PM

This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.

No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcoin HODLing, than a kind of investment which is less than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis. Except you can invest a lum sum of $5- $10 per month which I don't know how it can be possible.

I don't know the kind of impressions you are trying to create here because every little beginning has a greater path so are you trying to tell me that because someone's income is not enough they should not make investments? a very wrong analysis sorry to say, if you can't invest when you have little there is every possibility that even if you have enough you can't still invest. You need to understand that not every one have that mindset of owning an investment even when they are rich so investment works with the ability to conquer some challenges around you and still continue because literally no man gets enough of himself as human wants are insatiable hence if someone who is earning $50 cannot make investments plan then definitely even if they increase his monthly salary to $200 or $500 he will still find it difficult to invest because he will begin to reason that now that he is earning higher is the time to enjoy himself with his family and live a better life, I have seen a lot of people do this.

A man I know had no job and he was suffering with his family and the man was saying that if only he will get a job that he's gonna make sure he scrap out some amount for savings despite how little it may be, do you know that this man got a job but instead of taking part of his income for savings he said he has been suffering with his family all this years that it's time for him to enjoy with his family that after all if he dies no one is gonna bury him with his money so you can imagine such a person so it's not every one that have this investment mindset in them but we shouldn't discourage those that earns little amount from making investments inasmuch as the income is coming regularly they can still manage to DCA and accumulate same amount from time to time pending when they get a bigger job then they can actually increase their DCA, keep emergency funds and increase their portfolio.

All I can say is that everyone makes investment according to their financial muscles, that's just the simple truth. Most multinationals companies we see and hear of today started very small, if you read through their stories you will really understand that you don't have to be fully comfortable before making investments. I agree with you when said that investment is all about mindset. Some who is earning little salary today and doesn't plan on investing so that he will have a better opportunity tomorrow will continue to be poor for life. If someone is earning $50 as monthly salary, the person should at least invest $5. If $45 cannot take care of you as someone earning $50 as salary, then the entire $50 can't still take care of you. Investment is sacrifice, and it's because of the investments we have made today that's going to be our hope in the future. No matter what level we are financially we should never forsake investing.