I hate to say it.. since we are in a bitcoin thread and bitcoin is a great investment, yet we have to consider that really low disposable incomes may well have troubles building wealth...
Including that sometimes we might consider "why not both," yet in some circumstances there are not enough resources to carry out both in such a way that they would both be meaningful.. so sometimes priorities have to be focused on and in the right kinds of ways that are more likely to result in actual material payouts that may well result in life-changing outcomes..
the place of setting the right foundation that will sponsor our investment goals can't be overemphasized, if we even miss setting those things in order, we might later find out that we are making an uncalculated investment that wouldn't yield a good amount of result in the long run. It's best to know that a successful
Investment comes from having a
Bouyant stream of income and that to get that
Bouyant stream of income requires that you're skilled at a thing or that you've already figured out your source of finance and can keep it running for a lengthier period of time while you're doing your DCA. It's not out of place to set this right and ensure that you've built systems that will enable you DCA effectively with a good amount. If you even look at this, you basically have two options as a new investor with low capital.
1. It's iether you start doing your DCA with a small amount like $50 to $200 per month and do it for 4 years and succed in building only $2400 to $9600 worth of Bitcoin or alternatively,
2. You invest like $200 into learning a skill for 6 months to one year and end up increasing your earning which will also reflect in doing a DCA of $600+ every month which will lead to to attaining your investment at a faster and more convenience rate. In iether way, it's all about setting up systems based on the peculiarity of your investment journey that will be better suitable for your investment goal.
I hate to talk anyone away from bitcoin, but yeah sometimes bitcoin might not be so feasible for folks without any discretionary income or hardly any discretionary income when they might be able to increase their discretionary income in ways that potentially conflict with investing into bitcoin.
thought of investment mostly comes to mind when you're earning above what's needed for your monthly expenses and can reserve some portion for your investment goals and even set out some for any emergency that might spring up while you're yet investing. It's not about talking anybody out of investing in Bitcoin, if they don't even have this knowledge, they are certainly going to have a faulty start in Thier investment which will affect them and go on to disrupt them along the way when things isn't going the way they might have expected.
It's good to always create a balance and do some minor calculations on how profitable we can possible get to it we continue investing a particular small amount for a said period of time.