So I’m always hesitant to say what other people should do. I like to just tell people what I do. So here’s what I do with these questions.
I’m a self employed realtor, so you can imagine my income is very volatile. Almost as volatile is bitcoin ha ha. So each month is a little different.
When I get paid, I immediately put 20% into savings. After that, I start budgeting for the month I’m in. and the next month. Whatever is left, which is usually at least another 20% I put into savings as well
Savings for a self-employed individual is our lifeline. If you don’t have savings you won’t make it.
As far as the budget goes, I don’t treat it like a religion. Sometimes we’re under budget and sometimes we’re over budget. Realistically, my budgeting software is more like a tracking system to me to just keep a on our entire financial picture. I use YNAB
as my budgeting software.
Depending on how many deals I have coming up in the future months, that’s how I determine my future bitcoin allocation. I don’t dollar cost average I just lump sum. At the end of every month as long as I have a one year runway in my savings account I’ll ape in huge lump sums (at least huge for me)
When you’re self-employed it’s hard to come up with rules. Based on systems and percentages. If you try to do that, you’ll drive yourself crazy, feel inadequate etc.
So I’m always hesitant to say what other people should do. I like to just tell people what I do. So here’s what I do with these questions.
I’m a self employed realtor, so you can imagine my income is very volatile. Almost as volatile is bitcoin ha ha. So each month is a little different.
When I get paid, I immediately put 20% into savings. After that, I start budgeting for the month I’m in. and the next month. Whatever is left, which is usually at least another 20% I put into savings as well
Savings for a self-employed individual is our lifeline. If you don’t have savings you won’t make it.
As far as the budget goes, I don’t treat it like a religion. Sometimes we’re under budget and sometimes we’re over budget. Realistically, my budgeting software is more like a tracking system to me to just keep a on our entire financial picture. I use YNAB as my budgeting software.
Depending on how many deals I have coming up in the future months, that’s how I determine my future bitcoin allocation. I don’t dollar cost average I just lump sum. At the end of every month as long as I have a one year runway in my savings account I’ll ape in huge lump sums (at least huge for me)
When you’re self-employed it’s hard to come up with rules. Based on systems and percentages. If you try to do that, you’ll drive yourself crazy, feel inadequate etc.