The thing is that your emergency funds and reserve funds does not come from your discretionary income. Discretionary income the.amount of money remaining after taken care of your essential expenses, is like leftover after you have done splitting your earning with different percentages to handle some expenses and same time , your emergency funds and reserve funds .
So if you can choose to use your discretionary income as you please because is money you can just spend that's not meant for any fixed expenses just there it can be seen as a back up funds if you don't have any investment, but for someone that's investing in Bitcoin your discretionary income can serve for such purposes ( investing in Bitcoin).without any need of going over board even to the extent of using your emergency or reserve funds .
no I disagree with you here, because our emergency fund and backup fund comes from our discretionary income, that why it is called a leftover money after you must have settle your basic needs and expenses either for the week or for month depending on the nature of your work and our cashflow. Buddy From your discretionary income you will map out money that you will use in buying bitcoin, from same your discretionary income you will build your emergency fund and backup fund.
Normally any investor can chose or decide to use his or her discretionary income the way it pleases the investor no doubt, but this is not all about using your discretionary income the way it pleases you it's about using it the right way. Because if you invest all your discretionary income in bitcoin and fail to allocate some portion of it to your emergency fund and backup and emergencies arise along the line, so tell me which fund are you going to use in handling those emergencies if not selling your bitcoin investment at early stage of accumulation in lost.
Com'on man, stop making it looks complicating, emergency funds and reserve funds are not to be set aside from your discretionary income because in real sense emergency funds is a must in a man's life, so if you are investing in Bitcoin, you will be removing your emergency and reserve funds from your weekly or monthly income because it's a necessity.
If you remove your emergency and reserve funds from your discretionary income how much do you think will be left to invest with?
Don't you know that if you have a good emergency and reserve funds you might decide to invest all of your discretionary income because you are positive that you have what it takes to cushion the effect investing all of your discretionary income might brings?
his not complicating things what he or she just said is the correct thing. From your discretionary income you set outside money for your bitcoin investment, and also from your discretionary income you set outside money for your emergency fund and backup fund that is why it called a leftover money after you must have settled your basic needs and expenses. Your don't set outside money for your emergency fund and backup fund from your weekly or monthly income without settling your basic needs and expenses first.