Quote from: Slimzeee on August 02, 2025, 11:18:07 AM

Recently, I was having a conversation with someone I’ll call a very good friend of mine or better still, a brother. This was about how to better our lives and move towards the pathway of financial independence. The conversation was mostly about diversifying our income, which led me to chip in on the importance of investing in digital currency, especially Bitcoin and its long-term accumulation. He has always been interested in Bitcoin, and he’s also been considering tech as a path.
When I spoke to him about Bitcoin accumulation, he almost naturally saw it as a task that’s easier said than done, even though he’s genuinely interested. That led him to open up and ask me if I had any positive advice I could share with him.

So here’s the thing
He’s on a budget of ₦250,000 monthly salary and is honestly tired of the way things are going, especially with the current state of the country's economy. He’s been actively looking out for other opportunities, including venturing into tech.

Now let’s break down his reality:
His transportation in a city like Lagos costs about ₦2,000 daily, which sums up to ₦60,000 monthly.
A plate of food costs ₦2,500 per meal, and he eats two square meals a day. That’s ₦5,000 daily, amounting to ₦150,000 monthly.
Just these two expenses alone are roughly ₦200,000 and more.

He also has a girlfriend, not like he spends heavily, but now and then, he has to do one or two things. Let’s not even talk about data, utilities, or other random needs.
During that conversation, it hit me this is the current situation of a lot of people in Nigeria. You’ll be surprised how many people genuinely want to learn about Bitcoin and tap into the opportunities it brings, but their financial situation limits them greatly.

Me, that wanted to advise him, I ran out of what to say because I honestly saw a very difficult scenario. And realistically, he can’t quit his job to focus on Bitcoin or tech.

Still, I gave him a few things to keep at heart if he’s truly interested in the Bitcoin and crypto space:

Bitcoin is not a get rich quick scheme.

If he ever wants to go into trading, he must be ready to learn and be consistent over time without expecting profit for some time.

He can start applying the DCA strategy to accumulate Bitcoin gradually, but he must stay consistent.

He shouldn’t go fully into crypto unless he has emergency savings that can sustain him when unexpected issues arise.

He should still look into tech, especially since he’s already considering it.[/li][/list]

And I also made it clear that everything I shared was just opinion not financial advice But his main concern, and why I’m bringing this here is:
With his current earnings,

If he wants to apply DCA, how much realistically can he break out monthly?
What do you think he can do differently when considering the world of crypto?
I’ve also introduced this forum to him so he can read and do his own research. I strongly believe many people have been in similar situations, and that similar solutions may have already been shared.

omoh this your guy is on a tight income and spending format well for me make him spent more time in learning more about bitcoin than going into investment, then when he is fully into it then him go know how to go about ham.