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that you are investing should even prompt you to put in extra work in ensuring that your income flow is at least constant and a bit predictable, so you don't get to halt in your investment multiple times just because you don't have a defined and regular income source. even if you are not investing in bitcoin, being careless about your income source is very dangerous and for the fact that you want to buy bitcoin for the long term, setting things in order is the prerequisite of a successful investment.
I don't disagree with anything that you are saying Marvelockg, even though there could be circumstances in which people are responsible yet do not have steady incomes, including in the situations of students or even in some situations in which some folks might take low paying jobs or engage in low paying activities in order to improve their job skills and their future employment and their future income. These could be cases in which people still might have dilemmas about whether to invest in bitcoin, including that they could have bursts of income or even bursts of periods where they know they would be limited in their abilities to earn extra income. They should not eliminate the possibility of investing into bitcoin even if there might be pauses in their ability to invest and surely they will have to set their priorities upon making sure that they can feed and shelter themselves.
back up funds is supposed to be a one-off thing where you build it and then allow it stay while concentrating on building your portfolio. in the course of building your portfolio, if you intend getting to your goal faster enough, you just have to take these little things seriously and ensure that if it will require that you intentionally get a job that pays you better or upscale or upgrade in what you do so your earnings becomes higher, you just have to do it knowing that in a brother perspective, while you are in the one trying to you are also growing in other aspect of your life. with an intentional plan, you might never have to touch your reserve funds but will just stick to your designated amount for your DCA investment.
For sure, there are levels of back up funds, and various kinds of reserve funds could be structured to tap into, and surely something like an emergency fund would be something that we should never have to tap into, so I am not really sure how to make all of the balances, yet I know that people sometimes will come from places of considerable poverty or lack of resources, yet they may well want to build up their job skills, so they may well have their youth and their energy going for them and they may well be able to spend considerable amount of time learning, networking and engaging in less financially lucrative activities for several years before they are able to potentially land better paying jobs. Sometimes also a person might not be seeking a job that pays high, but instead kinds of jobs that they find interesting and bring meaning to them, which truly can hamper their abilities to invest and would affect how much back up funds that they are able to maintain. Surely there are trade offs, and some folks might end up screwing up their own finances if they put themselves into situations where they are not able to invest into something like bitcoin, yet at the same time, if someone hardly has any marketable skills, then they might not really be able to invest into bitcoin either since their income might be barely enough to pay their expenses. I am not going to claim to know the answers in regards to various individual factors that each person should be assessing and figuring out their various balances.
The poor can only use one third of their daily income for investment.
Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.
It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.
You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment,
so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.
There is nothing wrong with being as aggressive as you are able to be, so long as you are not being overly aggressive. If a person is spending beyond their discretionary income, they are being too aggressive, and probably even spending all of your discretionary income on investing into bitcoin is being overly aggressive, yet each person has to judge for himself in regards to how aggressive that he is able to be, and if he makes any mistakes in terms of investing into bitcoin beyond his discretionary income, then he has to figure out how to absorb such mistakes... and hopefully such mistakes are not so large as to take him out of his investment. We all make mistakes, yet we have to figure out balances so that our mistakes end up being largely minor mistakes rather than major mistakes.