To invest, you need a source of stable income. If you have a discretionary fund, you will not be able to continue your investment. Because if you do not have a stable income, how will you meet your daily needs and how will you maintain your investment.
The main source of income of a common man who works is his job, how can he get a discretionary fund or invest with the help of a discretionary fund. Discretionary fund is for those who are in government service such as the Prime Minister of the country, they can do whatever they want with this fund. But how can a common man get a discretionary fund. For this, a common man should invest by extracting discretionary income from his stable income through proper financial management. If there is no stable income, how can a person continue their investment continuously. To invest, a discretionary income is needed on which he can continue to buy continuously by adopting the DCA method. A stable income is very necessary for an investor.
Investment requires discretionary income, not stable income. You can earn discretionary money and manage investments even without stable income. Discretionary income is an integral part of investment, but stable income is not that important. It is good for an investor to have it, he may work to stabilize the income along with investment.
Think of those who are involved in seasonal activities or business. Can't their income be discretionary? Or can't they invest with that source of income? I would prefer that they can do it. Because it may not be very difficult to select a discreet amount from the amount of money they earn in a season. If they can select a discreet amount, then they can definitely start investing. But as a safety measure, they should definitely work with a stable source of income. Even having a stable income does not mean that you will have discreet money. There is a big difference between stable income and discreet income. So give utmost importance to discreet income.