Quote from: JayJuanGee on Today at 05:17:01 AM

Part of the reason that I made that distinction is because members keep suggesting (or claiming) that newbie investors into bitcoin need to have a regular income in order to start investing into bitcoin, and that is not true.

All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.

The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.

You just need discretionary funds at the time that you buy. So for example, if you have an extra $10 and you were considering buying a pack of cigarettes, but instead you decided to skip the pack of cigarettes and to buy bitcoin with that $10. That $10 is discretionary money since you had the option to buy cigarettes or to buy bitcoin with it. In this example, you chose to buy bitcoin.

By the way, a person will be better off if he has a discretionary income so then he can buy bitcoin on a regular basis, such as weekly. But it is not necessary to have such steady income to get started. The income can be erratic and irregular, yet whenever the guy has some discretionary funds, meaning money that is left over after he has accounted for his expenses, then he can choose to buy bitcoin with that.. or he can choose to buy cigarettes or anything else that he wants (which is the meaning of discretionary).

Thank you Sir for the simple breakdown or definition on the words "Discretional funds" & "discretional income". It's not just newbies that will benefits alone from your teaching's but also members on this thread. it's now very clear to my understanding on the proper use of the both terms ''Funds" &"income" because before now, I used to think discretional income is what is needed to buy Bitcoin which I was wrong but after studying your explanation, my perspective on both terms has changed and has been corrected that what's is needed to start an investment in Bitcoin isn't our discretional income Rather what's needed is our discretional funds after settling our personal necessities.

Quote from: OsaiEmma on August 09, 2025, 07:16:07 PM

Pardon my ignorance, but what is the difference between discretionary funds and income.

Quote from: Olatundespo on Today at 06:43:23 AM

The funds left over after meeting the daily needs of the family are discretionary income.

I disagree with you ,the extra funds after meeting your personal expenses is your discretional funds and also, that's is only what is required to get started investing in Bitcoin.While your discretional income is your regular do away income that comes weekly or monthly for continuity of buying bitcoin consistently.