The money we earn on a daily, weekly or monthly basis is stable income.
I’m not suggesting that someone must be financially stable before they can invest in Bitcoin. The most important is having a source of income, because without it, there is no way you can set aside a discretionary income. If you don’t have money left after covering your needs, you will face difficult challenges in your investment journey. You might miss some chances just because of other expenses. But sometimes it is not about how stable your income is, but about how you balanced yourself with your investment.
The money that is left after meeting our basic or urgent needs such as food, clothing, housing, education, medical expenses from stable income is discretionary income. From this discretionary income, we build investments, emergency funds and savings.
You can build both savings and an emergency fund while investing in Bitcoin, but it all depends on how you manage your money. Discretionary income is the money left after paying for other expenses. If someone is not financially stable at all, it will be difficult to save, invest, and build an emergency fund at the same time. But at the end, everything will work out on how we manage our discretionary income.