ONe of the most important matters for newbies is to both figure out and put into practice strong cash flow management techniques that get theme really being purposeful in terms of managing how they use their discretionary income including how much they are able to generate and then also how much they are able to put into bitcoin while making sure that the restof their finances are strong enough so that any of their discretionary income that they put into bitcoin is completely able to not expect to use for 4-10 years or longer, and also the possibility that they could end up losing all of that money that they put into bitcoin (of course, they are going to learn and take measures to try to make sure that their bitcoin (value) grows rather than shrinks, but some matters may well be out of their control.. but they can still monitor and learn and tweak along the path of their ongoing investment journey into bitcoin).


They don't usually regret it until after they BTC price had appreciated so much that they realize that opportunities had been lost and they could have had accumulated much more bitcoin at lower prices that might never return again.


I am not sure how much newbies need to concern themselves with reserve funds.. especially in their early years, yet sure of course, reserve funds are part of the package in which each of us should be building, and if a newbie is really new to investing into bitcoin or anything else, the first two categories to build would be the BTC fund and the emergency fund, and so getting each of them up to 3 months of expenses each should be the first goal, and I am not sure how long that is going to take, even though of course, the higher the discretionary income (percentage wise), then the faster those two funds can get up to 3 months each, and yeah maybe it would be better to have emergency funds greater than 3 months, yet that is where reserve funds and floats can make up for the relative newbie investor's decision to ONLY have 3 months in his emergency fund...

so yeah there should be priorities, and some ways of figuring out and framing priorities makes more sense when putting the matters into practice and going through some of the challenges of potentially having some fluctuations in income, expenses, BTC prices and perhaps other market dynamics that contribute towards understanding the extent to which the systems that the newbie investor has in place and if the systems that are in place are sufficiently reasonable, prudent and practical


For sure having a target is part of the matter, yet the target should be somewhat dynamic in the sense that you might have 1 year targets and then 3 year targets and 5 year targets and 10 year targets, so you may well tweak from time to time, or reassess from time to time the extent to which you are on-track and/or that your various targets are reasonable in regards to how they apply to your own circumstances and your expected circumstances.. so for example you might have an income that is around $2.5k per month and expenses that are around $1.8k per month, yet each of those might fluctuate, and you have expectations regarding your future income increasing and your expenses may or may not be going up based on how you might consider that some of your priorities might be, so no one can really tell you what your priorities should be, even though some things might make more sense than others, especially if you might have already established some of your goals, then you might also want your priorities to line up with your goals, but then if you project out various income and expenses expectations, then you reassess at various points and maybe doing superficial reassessments on a monthly basis, but maybe more deeper reassessments quarterly and even more deeper assessments annually, you may well end up seeing that some of your projections forward are playing out and other projections are not playing out, and you might even recognize some stresses that you might have in your budget based on some of your own mistakes, so you might end up deciding to change some of your allocations, which could result in increasing or decreasing the amounts that you put into bitcoin at various points, including there could be some folks who receive extra payments/income/bonuses 2-3x per year and some of those might be somewhat expected and others might be surprises, and the same could be true with expenses that might come 2-3x per year, and the income and the expense extras might not line up with each other,, so there might need to be flexibility and even tentative plans regarding how to potentially deal with those kinds of yearly matters that may or may not even be regular... but can be assessed and reassessed once they happen and to see how the previously established cash management systems dealt with those kinds of variations in income/expenses.