Isn't that obvious that he's just making an assumption? Moreover I think the wise and the rich are the ones that engage themselves in snip
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Of course there is a difference between income and networth, and as we know many folks earn an income and they spend from their income for expenses,
so if they have any money left (usually referred to as discretionary income), then they can build networth from their discretionary income. Sometimes folks will also have assets transferred over to them, so they do not necessarily consider spending their assets, unless their current income does not cover their intended expenses.
Yeah i agree with you, although I misplaced the difference between net worth and income because I was referring net worth to be income but from your explanation i understand better.
Then in investment management, you don't need to purchase bitcoin aggressively, it has nothing to do with your success.
As far as I know there is nothing wrong investing aggressively provided you have a strong financial backup that can sustain your emergency, discretion and backup funds. Aggressive investment helps to increase the level of ones portfolio and will leed to meeting up your accusation timeline quickly. But The only problem about investing aggressively is when you don't have a strong financial backup, it better you don't invest aggressively. Because if you try it, it will make you use or spend your discretion and emergency fund. after you might have end up using off all your emergency fund plus discretion fund, entually it will leed to selling off your Bitcoin.
So in the aspect of aggressive investment, it is good to be aggressive but when you don't have a strong financial backup system then your aggressive investment becomes overaggressive.
You have a strange way of expressing these matters. The general state is that guys build up emergency funds and reserve funds as various forms of back up funds, and so the build up of back up funds comes from discretionary income.
I think that I've made a lot of mistake in my kind of way of Expressing myself about being aggressive and also misplacing the use of backup fund and discretion fund. in all I take responsibility of my mistake lets say I was feeling tipsy and sleepy lolz. I
If aggressively purchases mean something like loans, leverage, it's not good strategy.
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This sounds correct, even though your example is a bit unrealistic.
didn't realize I made lot of mistake though.