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Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Sure there might be ways that guys can increase their discretionary income by increasing income and/or decreasing expenses, yet sometimes people are not able to accomplish that and they do not have very much discretionary income, which makes it more difficult to build a bitcoin investment, and surely having a bitcoin investment seems to justify the creation and maintenance of a reserve fund.. that fits into the category of emergency fund that may well need to grow at least at the same pace as the bitcoin investment. .and then once the bitcoin investment and the reserve funds are at 3 months, then from then the bitcoin may well be able to grow faster at the discretion of the investor... and yeah, surely folks are desperate to get into an investment like bitcoin, but their investment into bitcoin might be difficult to sustain if they do not have at least some level of emergency fund and to try to figure out ways to increase their discretionary income, if possible...

Of course there are many ways to increase discretionary income and it all depends on your efforts and hard work and the most important thing is your motivation towards Bitcoin

There are many ways to attempt to increase discretionary income, yet I would not presume to know the details of other people, since sometimes people might be in a trap in terms of their own skills and abilities and even their age or their health situation or even their past mistakes...or their geography... Sometimes there will not be many opportunities, and maybe a person might already having certain job and/or family circumstances that also might restrict his abilities to increase discretionary income...

Quote from: bitzizzix on Today at 03:41:46 AM

and if there is motivation you will try to increase your discretionary income,

Sure motivation helps.. but people are in various circumstances, so they might have even created some bad circumstances for themselves from their past behaviors, so it is not automatic that improving their motivation would be sufficient to result in improved circusmtances.

Quote from: bitzizzix on Today at 03:41:46 AM

do not rely too much on one source of income if you want to increase it because there are still many other ways to increase it because in today's era someone must be smart to be able to create all of that for the sake of smooth investment and also emergency funds so that both run well and increase together which will make you happy in the future.

There are ONLY 24 hours in a day, too.

Quote from: bitzizzix on Today at 03:41:46 AM

And my advice is never to use your emergency fund or reserve fund just to follow your ambitions most people use it for aggressive purchases because it is very risky when you really need money, and increasing income in any way according to your ability is a smart way because your discretionary income will also increase which allows your wishes to come true.

There are also people who have put themselves into very bad financial circumstances including having had incurred a lot of debt, so sometimes it can be quite difficult to dig themselves out of such hole, even if they start to improve on their cashflow management practices (and perhaps improving their attitude too, like you mentioned).