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.
You’re absolutely right, having multiple streams of income would definitely help to have more available discretionary income, and working on our expenses would also really help increase our discretionary income, and having more cash flow available would also help our discretionary income grow more, sometimes we might want to reduce our weekly expenditure and monthly expenses depending on when we have our income available, I could use myself as a reference, when I started buying and accumulating bitcoin at a very low rate with a little discretionary income available I had to work on my cash flow and also trying to manage my expenses and trying to reduce some of my unnecessary expenses and also working on my mortgage because at that time I had some debt, so after clearing all that, I had to completely focus on increasing my discretionary income by stopping some unnecessary expenses and I must say that really helped me to increase my discretionary income and buy more bitcoin into my portfolio, I had to also increase my cash flow by generating more income which resulted to more discretionary income.
Discretionary income increases by reducing extra expenses in our daily life. If you have a cash flow, then you can easily get discretionary income. If you have discretionary income, do not delay investing in Bitcoin. And never wait for the dip. Try to buy as much as possible during the market price high and aggressively buy during the dip. It is possible to extract discretionary income from cash flow by eliminating extra expenses such as entertainment expenses and beer or (alcohol) expenses.