Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Cossyblack
on 24/07/2025, 09:41:54 UTC
You made a point there. But then again, as a person who want wants a good life, you’re ought to have a steady source of income, and to be an average person in the society, you need to have a multiple sources of income in order to keep up. Just as you gave an example of a contractor, knowing too well that contracts doesn’t come often should make other plans in getting other sources of income. By so doing, can use a discretionary income in buying bitcoin, using DCA methods. For me, once you’re working and earning, you can invest in bitcoin, no matter how little which also works along with determination and discipline

To be a common man, you do not need multiple sources of income. Because if you do good deeds and earn money in an honest way, you can also become a common man in the society.

If a person cannot manage his family properly with his stable income and at the end of the month or at the end of the week the financial condition becomes very bad and that person wants to invest if he cannot invest for money. Then that person can arrange another job if he wants. But he has to take care of his own physical condition. Because if he is not physically healthy, he is working extra to invest, then it will not be good for him. So first take care of whether you are healthy or not, then think about investing or think about the society. Because if you get sick while working extra, then after a while you may not be able to work anymore.

There is absolutely nothing wrong for an average man in the society to have a multiple source of income. In most cases,I have seen vibrant young men who run and managed multiple business all by.themselves . Sometimes it is not how hard you work that   determined the most but how smart. One can still be  running and managing his businesses smoothly from the comfort of his home with the help of today's advance technology. For example one can setup multiple businesses in different locations,employ smart thinking individuals to work for him. As the owner of the business,he doesn't have to be  present all the time because that will be alot of stress, all he has to do is to install CCTV camera's and link those cameras to his smartphone, with that he can monitor how his businesses is been run in his absence. The essence of having multiple businesses is to secure reliable streams of income. However for a person who's business oriented, he can also managed his Bitcoin investment effectively. At this point what is required to start his Bitcoin investment is only having his discretional income ready and once ready he can start investing straight away.  While accumulating bitcoin consistently applying DCA,he can also start funding his Emergency funds and reserve funds alongside his Bitcoin investment from his discretional income for the long term.