You are right dude ,Having a stable income does not guarantee the ability to invest if all the cash is tied up in necessary expenses , discretionary income truly is the key factor because it is the extra money that allows you to take financial risk or build assets like Bitcoin. it also makes the i deal of starting small much more accessible , even if the income is not stable as long as you have some discretionary funds you can begin accumulating
How is that possible?,with stable income you have been ranked very high among the people that should be counting for consistency in Bitcoin
It is possible to have a stable income but can't sustain the basic needs of a person or just enough for expenditures. Please bear in mind that the term stable means predictable and sustainable. meaning even with low income if it is continuous and resillience of disruption can be called stable. Stable does not mean huge income or sufficient income. If we talk about sufficient income, then it is aboutthe sufficiency of the income, not the stability of income. So in this scenario where a person have just enough income for his family needs, he might not be able to have extra funds to buy BTC.
You're right about the possibility of having a stable source of income which could be insufficient for your personal life and responsibility. Humans would only want to remain where they're nearly rewarded with what would at least sort their basic needs. No body would remain in a job that can not take care of his responsibilities and if he does, he is with actively seeking to have an alternative source of income or looking for a completely different source of income to keep up with his responsibilities. So therefore, anyone who capable of maintaining his daily life does not need to have it in excess before he can be able to invest in bitcoin. You can choose to overlook changing that shoe or acquiring a new shoe or wrist watch for the moment and channel that fund into bitcoin. This does not mean you have a sufficient income, it only shows how tasty you are to own a bitcoin. For someone that goes out every Sunday for a chill out, he can decide to omit just one Sunday and channel the money to bitcoin. You see, sometimes, insufficiency is in the mind, someone who cannot save up a little to invest when he's doing a lower job may find it very difficult to spare a fund for bitcoin when he's finally earning more.
For a person to have a family to feed, it is normal to buld up his income before investing to anything. Any responsible parent would make sure that their family has sufficient food on the table before investing in anything. It would be hard for responsible people to see their families getting hungry because they invested their money to a certain investment that will yield profit in the next 3-5 years. It is also stated that in investment, the priority should be the family's needs before indulging oneself to an investment spree.
Let's look at a family of 3 that survives on a $12 budget per day out of the little of maybe $15 daily petty job of the head, say man. If he spends $12 on feeding daily to feed the three while holding up the remaining $3 for other minor things in the house. This clearly describes how someone could have an insufficient income that could also sustain him for the time being. If he so wish to invest in bitcoin, so long as he's determined to do it, he can choose to minimise the $12 to $11 with a little strain and he would still feed the 3 with little or minor influence on the family. If he saves $1 daily, in 10 days he could be a bitcoin owner when he invests the $10 like it never existed. Here, he's not earning a sufficient income, he only needed to own a bitcoin. He can be doing this once in a month, feed the family with $12 for 20 days and $11 for 10 days. By so doing, there would be a reduced stress on the family while maintaining a DCA allocation of $10 per month and in one year he has invested $120 in bitcoin which he would never own if he kept complaining about the insufficient income he earns. We can choose our destiny wisely, complaining about scarce commodity or willingness to take the step into the future of bitcoin.