I just think that as a man that really want to go far and be successful in what ever you do, especially in your finances, drafting down your budget once your paycheck comes is very important, because you have to remove the money for your basic needs first, then bills for utilities, emergency funds, discretionary funds meant for investment, money for giveaway and money meant for gambling if the said person gambles, and if you can keep to your budget as planned, their is a higher probability that you will be a success if you invest in Bitcoin because your money management skills is good, but if your money management skills is bad, or you are constantly making poor financial decisions, their is a higher chances of failing massively in your finances which will make it extremely difficult for you to buy Bitcoin consistently and holding resiliently for the future.
Budgeting is not just about writing numbers on paper, it is about training your mind to respect your money and give each penny its purpose.. Too many people thinking that just because Bitcoin is hot right now, throwing money into it willynilly will make them rich.. Truth is, without proper money management, even the best investments can crumble…
When you plan your budget and allocate funds for essentials, emergency reserves, and investments, you are basically creating a safety net for yourself.. That safety net is what allows you to hold Bitcoin during dips without panicking or selling out of fear.. Consistency becomes way easier because your day to day finances are already structured and stable.. The mindset of pay yourself first is not just some cliche, it is the backbone of anyone who truly wants to see long term financial growth..
Also, discretionary and giveaway money. That is real life money psychology, when your brain knows there is room to enjoy a little, you are less likely to stress or overspend elsewhere… Money discipline is honestly 70% of financial success.. Bitcoin or not, without it, even the most promising plans can fail fast..