Quote from: dezoel on August 09, 2025, 07:22:09 PM

Quote from: bitzizzix on August 06, 2025, 09:10:43 AM

Before diving into Bitcoin, I always set aside some money for an emergency fund, and it's been incredibly helpful and effective when I really need it. We never know what the future holds, when we might run out of money, and having an emergency fund can help us overcome any financial challenges we face.
And after diving into Bitcoin, my long-standing emergency fund plays a crucial role in my investments. I immediately set aside money for my emergency fund after prioritizing Bitcoin purchases upon receiving my paycheck and also prioritizing my basic needs. I always do both simultaneously, but the percentage allocated to my emergency fund is smaller than it is to Bitcoin. Everyone has their own strategy for how long or how many months it takes to build an emergency fund, and for me personally, as long as I can achieve both without sacrificing other needs, I think that's much better. I also plan to use my emergency fund for my child's needs, as he will start school in about a year, and I can use my emergency fund for future needs and beyond as much as possible without having to use Bitcoin prematurely.

While that is nice, don't you feel sad when you see bitcoin going up. Also I am always shocked to see that people have enough money to live, plus save aside for crypto investment, plus put aside some for emergency fund.

Right now, I can't buy bitcoin nor save aside at all, because I have huge amount of debt. Me and my wife started a business, and I work every single day, and we make very little money for the time, mainly because of the debt of starting the business. The good news is, even after just three months (not even fully three months yet) if we had zero debt, we could survive easily with the money we make. But because it took a ton of loans to open it up, I can't save even a dollar aside. I literally have 10 cents in my bank account lol.

Back in 2020, I started buying Bitcoin with just $20 nothing big, but it was all I could spare at the time. It didn’t feel like much, but it was my way of at least having some skin in the game. So I understand how frustrating it can be when you want to invest but simply can’t because of life’s circumstances.....In your case, the debt is the main wall between you and saving or investing, and that is no small thing. Business loans can feel like a never ending weight, even when the business itself is doing fine. What makes it harder is seeing others with enough income to handle living expenses, stack sats, and still have an emergency fund , it is like they are playing a different game entirely.

The positive thing here is that your business is already showing signs it could sustain you without the debt. That means this isn’t a hopeless grind but it is more of a waiting game until the loans are out of the way. The fact that you are already making enough to survive easily in just three months is a big sign you are moving in the right direction.

I know it is tough looking at Bitcoins price climbing while you are stuck paying down debt, but I can tell you that missing one cycle isn’t the end of the story. Your turn will come again. And when it does, even if it’s just starting small like I did with $20, you will. be ready to step back in without the weight of loans hanging over you.