Quote from: Skydrill on Today at 10:25:53 PM

Quote from: Dareo on Today at 08:41:48 PM

Quote from: Olatundespo on Today at 11:34:21 AM

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.

Yeah, several streams of income will help, though, when you spend at a corresponding rate, you will not really have extra money to invest. Combining additional revenue with rigorous control of expenditures is the actual secret. Saving even minor amounts of funds spent on non-essential services will release considerable amounts of funds to spend on Bitcoin in the long term.

Consider income and expenses as two different levers: income provides you with a potential, but expenses predetermine the amount of potential out of which investments are made. You increase your Bitcoin holdings by contributing what you can at your own discretion and ensuring that you do not spend too much money on lifestyle inflation. Hard work and persistence is usually the key to success more than money laundering.

I totally agree with you, but in addition to what you have said, in as much as the need for additional sources of income can't be overemphasized as far as this discussion is concerned it is also important to note that the primary essence of any income should be for any potential investments that would yield more profits that would also take care of every other family needs, this way the chances of going through financial pressure as a result of the needs of the family could be reduced to barest minimal thereby keeping you anticipating for more investment opportunities.

Remember bitcoin is a Long term investment of two to three cycles or more and not a short term investment to be thinking of the profit at an early stage in other to meet up your basic need, also remember that it is your discretionary income that you are using to invest in bitcoin except you are thinking of investing for a very short period of time like six months and then selling off which is nor a good idea and does not make you an investor but trader, and one thing about bitcoin investment is that you don't rush it because you are after the profit, you take it bit by bit, the longer time frame you hodl your investment the more profit you make, the earlier you sell the lesser the profit and more risk of you put your investment into and you will be tempted to sell it off some day and become a low or a no coiner which will not be good at all and that is why the dca strategy is there for us to adopt in other for our investment commitment not to have any side effect on our daily lifestyle, you invest what you can afford to lose in bitcoin and not what you can't afford to lose, so that you will not be pressurized with your personal expenses and be forced to sell your investment sooner than you least expected and regret your actions.