I think that instead of reducing your expenses for investing in Bitcoin, you should focus on increasing your income. To start investing, you need to make sure that you have a prudent source of income. Are you able to meet your daily needs with your income source? Keep in mind that there is no shortage of daily needs for investment. Be it in the field of entertainment or furniture. If you call these unnecessary and exclude them from the list of daily needs. If your income source is unable to meet all your needs, then you should look for an alternative source of income. Yes, you can reduce some expenses that are hurting you or unnecessary money beyond your needs. However, depending on this money, it may not be the right step to start investing.
The main basis of investment is the source of income. If you are not prudent with your income, then you need to look for alternative sources of income. If your income source is shaky or weak, then your investment will be at risk in the long run. You certainly don't want your investment to be at risk or subject to unexpected sales. So, planning to invest with any kind of gap in demand may not be the right plan. You need to have a strong plan for your investment, especially with regard to your income sources.
Speaking about increasing our source of income you know that doesn't happen over night. Even the Bitcoin we invest in the ROI doesn't happen immediately. We have to wait and usually this waiting period is always a long one. Assuming someone who wants to invest in Bitcoin chooses to increase their source of income it inevitably means they will still have to take from the money set aside for the investment to create a new source of income which we all know might not yield profit immediately as well. Infact the chances of the new source of income survive might be 50:50 especially if proper time to nurture the new income is lacking.
In real sense before anyone will think of investing in Bitcoin they should have other sources of income. Even if it's not sources a single source of income should be fine as well provided it will take their attention away from their Bitcoin investment until it matures. Digital assets can come with so much emotional drama and all and if there are no another means of earning money then temptation to sell will want to set in and this takes extra discipline to conquer.
A person who wants to invest in Bitcoin must be able to increase his source of income properly to invest. And immediately that person will try to reduce his extra expenses and meet his basic needs. You should note that if a person has bad habits, he will have to give up smoking, tourism, drinking tea, all these bad habits. And from here, at the end of the month, the money to add $ 10 to $ 20 to Bitcoin will come out.
If that person can increase his investment by $ 10 to $ 20 at the end of the month, it will increase several times at the end of the year, not only if he has a thought of increasing his source of income, but he will have to use some strategies to meet his financial needs. In this way, a person will be able to invest more actively and accumulate more Bitcoin.
Smoking drinking and going out for party is not a bad habit unless you are always getting your self drunk all the time, that one is investing into Bitcoin doesn't mean we shouldn't enjoy our self remember you are investing with your discretionary income that is your leftover income after you might have sought out your personal needs and you are also investing according to your discretionary income don't go and invest in a way that it will affect your personal living since you will investing for a longer period of time because the money you are using for investment is money you won't be needing for long, as a smoker or some that drink you will definitely set money aside for all this because our body is not fire wood we are meant to enjoy our self but know our limit.