Quote from: Cossyblack on Today at 02:52:22 PM

Quote from: Jostern on Today at 12:57:27 PM

Most people are quite reckless in terms of managing there resources, for someone who is trying to invest and build a portfolio it is sometimes to learn how to be discipline in terms of managing there in come and also trying to adjust and have a focus of building a better portfolio. It’s very important to be more focused, if someone has a bad attitude in terms of managing there finances would probably fall short in terms of building there emergency funds and Reserved funds.

Investing in bitcoin doesn’t really stop us living our daily life and enjoying ourself but sometimes it’s just wise to adjust some certain aspects of our lifestyle so we be able to have a discretionary funds for investing and accumulating and to hodl. And also trying to be care so we don’t employ a certain way of poor management that leads us into emergency situations that we might not be able to recover from it because of bad cash flows

Extra buoyant spendings can keep an investor out of focus and track in his Bitcoin investment. Since he is just spending funds recklessly and doesn't have a spending records to keep him in check,he might starting missing out in his Bitcoin accumulation periodically which wouldn't be healthy For his investment. for this kind of investor,the need to keep a personal records of things he spends his funds on a regularly basis is necessary,it will help him knows what's eating most of his funds so that he couldn't start avoiding them and optimizing his excessive spendings gradually to help him get back in track. For a potential investor, keeping a healthy Bitcoin portfolio for the long term is very important and one of the best way to achieve that,is consistent and steadily accumulating of Bitcoin and by ruining out reckless spending will help him achieve that in the long run because he will need adequate funds from his discretional income to keep him stashing.

As a Bitcoin investor especially someone who recently started investing on Bitcoin, if their's one thing such person should avoid, then it's spending recklessly cause it would definitely hinder the process of accumulation along the line, whereby money meant for accumulating periodically would be used to solve other pressing issues cause the person have tampered with his emergency funds and would be forced to used the one meant for investment to solve issues, every investor should be a good planner and spend money wisely and according to their budget, one should be spending beyond their income all in the name of entertaining themselves or having fun, if possible such person should avoid friends or things that would hinder their investment journey or level of accumulating Bitcoin.