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.
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You’re absolutely right, having multiple streams of income would definitely help to have more available discretionary income, .
Indeed having multiple streams of income can give room for more discretionary income. However realistically speaking,
more money usually comes with more responsibility. Sometimes that very moment extra cash starts flowing in, new expenses like family needs, lifestyle changes, begins to arise. That is why some persons may earn more but still don’t have much left to invest, while others stay disciplined and put a good part aside. At the end of the day, the real key is not just how many streams of income you have or how much you make but rather how well you manage it
It is true that when income increases, expenses also increase because when income is high, new demands are created. When income is high, many people are seen moving towards living a luxurious life. However, I personally think that if someone has discretionary income, desire, confidence and patience, then he can invest in Bitcoin. First, he will fulfill all his family and his own needs with his income, then if he has extra money left at the end of the month, then he can invest with that money. Now you said that even if income increases, expenses often increase, it is true, but every person wants to keep some assets for his future security. That is why, according to reality, everyone leaves some part of his income for the future at the end of the day. If you have discretionary income after meets all your family needs, then you should follow DCA and invest in Bitcoin with that money. Definitely with the mentality of long-term investment. Investing in Bitcoin does not require much discretionary income. If a person invests $10 every week regularly, then after 10 years he will have invested $5,200, as a result of which he will not be very rich, but he will be in a very good position in terms of profit.
If we calculate the DCA of the weekly $10 investment for the past 4 years, we can see that Total Investment $2,090.00 Total BTC 0.054606 Current Value (USD) $6,268.19 Current Return 199.90%. Which is much more profitable than any other investment. So if someone has discretionary economy, desire, patience, faith and the mindset to invest for a long time, then he will definitely be in a very good position in the future.