Rent, school fees, gas refills and general purchases are all part of your daily needs. So, if you want to invest, you have to invest with the remaining money (discretionary money) after all the expenses to meet these needs. This is mandatory for investment. You may never be able to survive in investment for a long time by investing outside your discretionary money.

However, in the case of backup fund, we should have such a strong plan that even in times of emergency, we do not have to dip our hands into the emergency fund. It is better for you to have at least 3 funds in the backup fund (1) Floating fund or cash flow (2) Reserve fund (3) Emergency fund.
When you are in an emergency, you may give priority to the emergency, so you will not have time to use the cash flow and reserve fund for any other purpose. At this time, you can try to overcome the emergency with cash flow initially, if it is not enough, then you can use the reserve fund. You can designate your emergency fund as a last resort, this may be the right time to use your emergency fund. Don't use your emergency fund in the early stages of an emergency, save it for the worst.

I would like to warn you at the beginning that you should never be sure or guaranteed about investing. It is certainly good to have faith in Bitcoin and our confidence in long-term investment, but it should not be blind faith or overconfidence. We expect Bitcoin to have a bright future in the long term and I think this hope is reasonable. So in the long term, Bitcoin is always bullish and we expect the price difference after 8-10 years to be much higher. But it is not guaranteed.

It is good to have a positive attitude towards Bitcoin and it may be best to engage in long-term investment with a positive attitude. In short-term investment, you will have to count losses or suffer from disappointment at some point. Even in real life, due to mental instability, that effect can disrupt your life. There is no such negative effect with DCA in long-term investment. Just make sure you invest with prudent money and invest to achieve your goals without setting a time limit.

Congratulations @DubemIfedigbo001, you have a created a nice merit record. Best of luck!

NEW: 🇸🇪 Swedish health tech company H100 Group acquires 102 BTC, bringing its total holdings to 911 BTC.
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I don't see much similarity between your topic title and your discussion and I think this post is just a repetition.

However, the strategy of hiring an advisor for investment is not bad. But it would be best if that advisor only teaches you about investing and educates you about investing. His work should not go to your actions and not to your investment funds. When an advisor's work is more than necessary, it will be negative for investment. Because you don't know who wants your good and who wants your bad.

So an advisor can be effective for learning about investing, but hiring an advisor for taking action is nothing but foolish. Because you are entrusting the security or confidentiality of your investment to a person. Educate yourself and invest based on your own decisions.

One solution to this could be to create a notepad where you can keep information about your funds that one person can access. In this case, that node will definitely be important and it is important to keep a trusted family member informed and educated on the use of those assets.

Especially educate your heirs and make arrangements so that they have access to your assets in the event of your disaster. In this case, if your heirs are not trustworthy, you can lose your assets. So you need to choose someone you can trust and who will repay your trust. I will never see the wealth I have accumulated throughout my life buried with me.

In the list of things needed for investment, you can first keep basic knowledge and then have a prudent source of income. Just money, patience and caution are not enough for investment. To arouse interest in investment or to build confidence in investment, you must have basic knowledge about Bitcoin and investment. Then you need prudent money to manage investment. There is a big difference between money and prudent money. So money is not enough for investment, but prudent money is needed. Then you need to plan for investment security and have patience to hold the investment for a long time to be successful in the long term so that you can achieve your goals.

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The rest of the participants will be added as they submit their work. Good luck to everyone.

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In terms of investment strategy, everyone has the freedom to choose different strategies and invest in any strategy. But for a beginner, I think investing in any strategy will not be a good choice. For a beginner investor, no other strategy may be as suitable and easy as DCA. Because in other strategies (DIP, lump sum investment strategy, etc.), you may have to go through complex calculations or the effect of market volatility will force you to panic and the result of panic may not be positive.

Prudent Money DCA Strategy Investing in a long-term plan means that a beginner does not have to go through complex calculations or the market volatility may not affect him. Because the DCA strategy reduces the price volatility to some extent.

I am a little confused here. Are you suggesting to invest the necessary source of income as well? Maybe you are confused here yourself. Always prioritize only discretionary money for investment. Ignore any other source of income and invest with discretionary money. Because this is the money that is left after meeting your daily needs, which you may not need.

Although I don't know if I am right. But I think @Gost ms is somewhat right here. Discretionary money may not be necessary for me today, but in times of danger, no money will be discretionary if you don't have an emergency fund. Discretionary money is only needed if you don't have a backup fund, especially an emergency fund. So we must invest with discretionary money and also keep backup funds ready, especially an emergency fund.

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NEW: Mike Novogratz says Trump's plan to allow Bitcoin in 401(k) plans could unlock a huge capital pool. Combined with treasury companies and other channels, it would broaden access to crypto investments, attracting more participants to the market. Source

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I agree with you that the amount is not important, but holding it in the long term is the most important thing. The real proof of this is that those who spent only $10 on Bitcoin at the beginning of Bitcoin and held it until now are at what level today? They have certainly become the owners of a lot of money today, although the number of such people is very small.

Maybe history is not possible to repeat itself in the future. We may not be able to profit so much in the future, but if you trust Bitcoin and hold it for the long term, you may not lose, but you may profit more than you expect. Without delay, even if you have a little discretionary money, try to be consistent in planning for the long term. However, a very small amount may not be investable.