Overall, I completely agree with your assumption, because having multiple sources of income will certainly ensure our Bitcoin investment remains untouched or unaffected. However, I believe that in addition to having multiple sources of income, we should also cut back on non-essential expenses. I believe this is also crucial. It's essentially the same if we have multiple sources of income but are wasteful with our lifestyle. Therefore, it's better to combine multiple sources of income with a simple lifestyle. And that way, I'm sure our Bitcoin investment will run more smoothly.
There is no doubt that a multiple source of income may really be of help in increasing our discretionary income however our expenses is what determine our discretionary income. If we can be able to cut down our expenses then our discretionary income will increase however if the reverse is the case then our discretionary income will reduce. So even if our cash flow increase as a result of multiple source of income without us reducing or cutting down on our expenses our discretionary income will not increase but rather there will be a great reduction. So working on our expenses and making such that we cut down on all unnecessary spending is really crucial in increasing our discretionary income.A good cash management and not just having a multiple source of income is what that is going to increase our discretionary income.
With multiple sources of income, your expenses can increase at the same time. When my salary increases every year, the amount of money I spend at the end of the month increases in proportion. As the needs of the family increase with the number of people, the amount of expenses also increases, so it is important for every investor to know how to manage funds properly. It is important to have patience for investment as well as to keep the amount of expenses in line with the income. Since the amount of discretionary income depends on the daily expenses of the family, proper management should be made in the purchase of basic needs and additional needs and each item.
After meeting the basic family needs, you need to more attention to reducing the budget that is set to meet additional needs because you should not only think about the present time, you will have to think about increasing Bitcoin accumulation for economic stability in the future and increasing the holding.