Post
Topic
Board Politics and society (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
Joeboy
on 26/09/2025, 00:31:57 UTC
⭐ Merited by JayJuanGee (1)
So it's best to take the time to build up an emergency fund and gradually enter the Bitcoin market with the extra money.
Rather it’s better to start buying and investing into Bitcoin now, and then you can start building your emergency funds and reserved funds all together.
The money we use in building our Bitcoin investment and then building our emergency funds both flows out from one source which is our Discretionary Income, so I see no point we making it look as if they are both contradictories by arguing which should come first and which should come second......

The best approach is balancing the both of them.  For example, a guy earns $200 monthly, and after paying his rent, feeding, transportation etc, he is  left with $50 as his discretionary income..... Now instead of pouring everything into Bitcoin or iinto an emergency fund, a wiser approach is to split it. $40 can go into Bitcoin and then $10 into his emergency fund.... Next month he  does the same thing, and overtime both sides grow together.... Let's always remember that it is not always about the size of our investment but one's consistency towards it  and the ability to properly protect that investment by having a safety net.