Quote from: Joy- maker on Today at 01:16:41 PM

Quote from: arwin100 on Today at 11:31:02 AM

Quote from: Proty on Today at 08:17:52 AM

Quote from: Tamaperdana on Today at 07:01:11 AM

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.

But actually they don't need to think about that having multiple source of income is needed before they could start on their long term investment journey. Since somehow they could start with the amount they currently have.

They can work it out to have multiple income stream and increase their discretionary income later on especially if they are eager to find multiple source to cater everything they need.

What's important at first is they take action to accumulate and they don't wait for anything then make it a reason to delay their investment.

I agree with you because you are correct one don't need to think that he or she need to have multiple source of income before he or she can get started with bitcoin, they can get started with the little amount of Discretionary income they are able to map out, and then figure out later how to increase their discretionary income buy having other sources of income. Because taking action buy getting started with bitcoin with the little amount they currently have as discretionary income is very important.

Without delaying anything, you have to start as soon as possible with a very small amount, even if it is very small, but it is necessary to start consistently.
You do not always need to have a large source of income to start investing in Bitcoin, it is not a problem to start with a small amount of discretionary income, and by keeping the investment small and consistent, you will have everything ready later.
After starting to invest, Find a way to increase that income using other sources of income, strengthen your financial situation, create all the necessary funds step by step, such as an emergency fund first, then a reserve fund.
Here, a reserve fund is not mandatory, but an emergency fund is definitely mandatory, however, everything has to be prepared step by step.
Once you take action and start investing, everything can be prepared, but if you postpone the investment to prepare everything first, then you are definitely making a big mistake, Because it only makes you lag behind, so starting investing as soon as possible is the right decision.