Bitcoin Forum

I took time to research and observed that 75% of youths their problem is inability to develop their capital in capital market, most at times we are bless with so much that one find it difficult to control your finances or resources. I notice it usually affects people do not work hard to earn but probably the gimics or scams that makes them to make this money easily but after a while you discovered the person down why?

Now we should try this simple steps in developing capital either in savings, capital market or investment it's all same principle....
1. Don't spend more than you earn it kills capital through lack of wisdom
2. Development an attitude of reserving "spend and save in quote"
3. Read books on financial market and its products
4. Learn to engaged in investment
5. Be curious about things and ask a lot of questions
6. Don't underrated any money with you, no matter how small it is...its always have value towards something
7. Admire other people success and think where you're going too.
8. Save, invest and take good care of your health.
 
I hope this is helpful?

Also learn to have fun and enjoy your money when and while you can. Do not be wasteful but understand that this is life, and while you are in it, you have to be careful of not only living life to chase and keep money. While in the business of life, it is important to be alive and not just in existence.

Be disciplined with your capital, but do not become parsimonious in the process.

Invest first and enjoy from the profits of your investments, not enjoying first and then investing what is left.

Invest in meaningful relationships with people who you know can make you better. An information from a friend who you have invested in and built a meaningful relationship with can change your life forever.

My advice to you is to put a citation after you mention numbers, such as "75% of youths." You don't pull this number out of your ass... if you aren't sure, just say "many."

Anyway, the first problem is always the income problem, and it's not a scam. You just can't save and invest enough if you don't have enough income to begin with. You can do the calculation for hours to allocate your small income, but it won't make it bigger. So the very first thing is to make sure you have a high income before you invest. If you don't, invest in yourself first by buying training and stuff, to boost your income level.

It all encapsulates inside what they call behavioural economics, the source of income largely has an effect on how you spend it. Those who work hard for their money will think twice before they squander it on things that are not worth it. And in yours, you called it either gimmicks or scams, so it has already spoken for itself. Those who earn money so easily or scammers are living large and the reason is obvious. They always believe they will get it back easily in the same way and mistake it for their own source of income, it's often late before they realise this.

Personally, I don't waste my advice on scammers as I always wish they become broke, repent and learn from their mistakes. As for those who earn easily but still legitimately, they should learn a business or buy shares or properties instead of wasting it on frivolities.

That 75% is alarming. It shows that young people nowadays don't understand money or have control. Many people are drawn to making cheap money by unscrupulous ways, but they don't realize that capital growth is the key to wealth. Open finance is changing the financial game. This is especially true for Bitcoin and other blockchain currencies. Instead of reading about financial markets, you should grasp cryptocurrency. Bitcoin is more than a digital coin due to its volatility, decentralization, and inflation resistance. A financial change, not just a digital coin. Your steps, especially not spending more than you earn and saving, will always work. They can be used to buy equities or satoshis. Respect all money, from pennies to Satoshis. But don't forget the change right in front of us. Accept, understand, and exploit it. If not, you'll lose money

Investment is not a form of income

This is the mistake that people are making. There is no 100% guarantee that any kind of investment asset will continue to go up, even Bitcoin, but especially stocks and bonds and stuff. In fact, the exact opposite might happen, and your investment value might go down. So do not rely on investments to bail out your expenses, and you must find work for that purpose.

If anything, an investment is just an investment, that's all. Not a salary (unless you are also being paid shareholder dividends).

In this current economic downturn, it takes a lot of sacrifices to save and invest. Inflation is eating up the finance of many people that saving has become extremely difficult. The price of basic needs is increasing and you have to spend all you earn and even borrow to survive. To invest, one needs to cut so many expenses from our budget. Spending less on less important trivial needs and seeking other means of income is an option.

I also agree that we should not underrate any money we have no matter how small. Some people feel that the money they spend on cigarettes, alcohol, snacks, and other wasteful spending is not relevant. But if they calculate how much they have spent on these items, they will be surprised that it would have been enough to invest in Bitcoin.

Helpful as it is.

And for someone who usually read and watch materials that contains financial education, those are always what's being told to the audience. It all sums up that one has to be financially educated for them to understand how this world works and how the capital market is going to be part of their lives.

Learning is just the start but applying is the hardest part. Because all of us have different situation in life, there will be hindrances of what we're about to do so, the real challenge starts from there even if you're too knowledgeable financially and have learned a lot from reading and watching finance topics.

Regulating financial management, such as spending less than income, needs to be implemented within each individual to maintain financial stability. There are several factors that limit the ability of young people to develop capital, there are those who still follow their desire to live a glamorous life in an eccentric style, there are those who like to spend money in gambling establishments and have fun with their friends in nightclubs. They do all that because they don't have life dependents or their mindset is still just having fun.
Of this percentage, there are still some young people who dedicate their lives to developing capital in various ways. Their mature mindset will save their life or be guaranteed when they are old with the wealth that has been accumulated over the years.

The way one gets his money will determine how he will spend it. For example,if a gambler hits the jackpot,he will end up been broke after a short time because he will spend it back into gambling. Likewise,those who got their money through scam or in a dubious way will end up lavishing it on material things believing that they will have more tomorrow. One the other hand some one who worked hard to get his money will think wisely before spending it.

It is impossible for one to spend more than what he earns only if that person will be living on debts all the rest of his life. Instead you should say don't spend all that you earn.

Health is wealth,that is why one needs to be healthy to benefit and enjoy from his investment. That is why it is good one attends to his health first before investment.

Can we put it like "Living with Purpose"? Honestly, not everyone's on board with having a life goal that's supposed to outshine the current state of affairs. Some folks are just kind of banking on things magically falling into place without really pushing for those uncertain somethings. But hey, every desire and wish needs a dose of action to balance things out.

Having a big-time life goal demands a big-time effort too. When the hustle is real, that's when someone can start applying success smarts and spending their hard-earned cash wisely.

Our job isn't just to be impressed, but at the very least, to take a leaf out of others' books on how they're chasing their dreams.

If you speak like you, you might even stop eating to invest in bitcoin. Spending on alcohol, beer, cigarettes, coffee… all are daily necessities and that's the way to enjoy life. As long as you don't spend too much on them and have a specific plan, I don't see anything wasted. Like me, every morning needs a cup of black coffee to stay awake all day at work, or snacks to recharge for a long day. Or will enjoy a few beers with friends at the weekend after stressful working days. What's wrong with that? We only live once, why should we torture ourselves?

Your post only talks about investment you make it seems like the best thing to develop capital is investment, and financial market. I think there are other thing too, even better than financial investment. Learn new skill, skills that will be relevant for the new economy and solve real problems, people can earn much money with skills more than investment if they good enough. And people also can build a business around those skill with the fundamentals.

This one is actually helpful. But maybe next time you can include citation because it includes a statistics, just to make it credible. Anyway, there are a lot of factors why youth are having a hard time to develop capital. It can be a personal factor or economic factor and such. But what can I suggest as a solution for this is that, the government can play their role in spreading and teaching people to be financial literate. In this way, they can help people to make decisions with their money wisely. But, it is still our own responsibility.


This is easier said done, but this is one the best advice that I can also give to people. Know your needs and wants, and you're spending should not exceed from what you're earning. Try to discipline yourself and make wise spending as a habit.

I don't think there is anything wrong with us using our money to spend on our daily needs because we have done our job and we receive wages for our work, so this is not wrong if we spend it on our daily needs. You are right, if we have done the work and received the salary it should not be used in investing if we have not been able to make ends meet.

Take good care of one's health. I like how you did not forget to state that. Sometimes we put so much attention into earning more profits for our business and investment that we forget the biggest investment we have -- our health. Spend as much money as you spend on luxury and investment in your health. Without good health and by getting sick, your investments and business will not run and will lead to loss of money. Hence, ensure that you are taking care of yourself.

Are you limiting the answers to this question to only young people? I don't know if this forum is as young as the prefix of this question. To be sure, the advice that follows will be too mature for you to apply if you're young enough.
As a basis for the answer, the way of thinking of young people is certainly different from that of old people. Hard work is optional for them, otherwise old people will think it is a demand of life. From this point you can gauge how high they want to increase their financial capital.

It helps people to make their own plans and develop what you suggest. It depends on the plan because maybe it won't be in the same order as what you wrote but it has the same gist of yours.

Don't forget to rest after going through the plan one by one, which is included in maintaining your health. And the other thing is don't forget to put your foot down to carry out the plan because I see a tendency among young people to have a plan but they don't know how to start.

And always try to focus on what you are doing so that it can give you the results you want. By staying focused, you will not miss what you want to do and can always follow the plan and if something goes wrong, you can fix it immediately.

It's really easy to say, but you're forget with the privilege you have.

1. Not all people are having good jobs that pays well, most people get lesser than the minimum wages of the country due to a lot supply and less demand.
2. Not all people have money to save.
3. They're have work overtime and they're tired, how can they read books?
4. If someone don't have any saving, it's impossible to start to invest.
5. Back to point number 3.
6. Investment will work if you have a lot money, it don't make sense to invest with small amount money.
7. Back to point number 3.
8. They can't, they're forced to work hard and get less payment, if not they will not able to earn any money, so they sacrifice their' healthiness.

But it's too much, we also have to be realistic in managing and enjoying life. Everything that the OP said is very true, but there are some things that must be developed within oneself and that is quite important, namely working hard to be able to apply these things and working hard to try to achieve whatever.
Capital is often a problem, but not for people who have high confidence and innovation in doing positive things.

You've given some nice and lucrative ideas to suggest some ways we could secure and grow our capital in doing business, i will also like to drop in my own little contribution on this that we are expected to take note or work on when making a business or planning for one.

1. Invest on what that have an already made market demands.
2. Don't invest on something you're not interested in or have no idea on.
3. Don't touch or spend on your capital investment fund for other demands or needs.
4. Always introduce the capital back to he business together with the gain to broaden what you do.
5. Start or begin from somewhere no matter how small it may appear, growth is a gradual process.

I am not saying that your context has no substance, in fact, you have not referenced it to any source, from what I understand it is a personal attribution.

But if one reads or reviews any source associated with the topic, everything breaks down in those same words, some semantic differences, but it's the same.

I understand that you OP is a very explicit detail of your success, I suppose there is, since you have left a contextualized OP.

In my first instance, based on what I promulgated, my experience, I would say that the youth issue has nothing to do with the issue of growing your money or capitalizing, today the regular channels that we know have changed, we are in the era of content exploitation and today someone simply starts with $0 and after three months they can be receiving $1000, which they then invest in any think "devices," e.g.: create their own clothing brands, etc.

Hence! The main problem you have to start developing your capital is intrinsic to... yes, its capital.

And in this sense today young people, or better to say who they live with their parents, can develop projects in a more advantageous way than in other years, the Internet has allowed that.

So based on that, your context, is the traditional tuxedo to attend a formal event, old school, but today that tuxedo or that formality has disappeared, has a tendency to fade, so, it is a fallacy to say, read a book, ok, no It "hurts," ( :) ) but it's not necessary. And that is the main problem for many to grow or develop their capital, they want to wear a tuxedo.

---

^{Tuxedo is a moral, don't read it in the literal sense.}

Op lolz, this is not helpful? If I wish you understand why you saying. In a state where 98% the citizens live below the poverty line how can such human save his capital. Do you want him or her to die in hungry? All those things you listed there can be done by an average citizens and not the poor people. This things you said can also be done by those who are still eating from their parents pot. And if you are living alone, you have to meet up the necessary human needs as Maslow said, and when you have met up those necessary things then you can save for future use. Can a hungry man read books? Capital no. What you are to advise people is to work hard to meet up their financial needs, and if you know any way for them to develop their financial progress, you can do it to help them to grow. And not telling the struggling to survive ones to save and others, your advice will become a nuisance to them.

This is not the case always mate since you have to tackle various uncalled events such as inflation, deflation, unwanted price changes on daily needed consumables, changes in the family number, yearly appreciations of the cost of living and much more.

What you have mentioned are the available options when you live your life. The difference they do not teach you how to tackle the above volatile factors. Just putting your money somewhere doesn't guarantee you enough income.

You need to grow the knowledge base and apply for high wagering jobs. Keep rising up in your own company and take the higher leaps of salaries to compensate the cost of living. This is very basic formula. After this is done one needs to go further the down road of investments, risk taking, earning from multiple streams of sources and much more.

Investing also depends on at what stage of life you are at. Have to take care of million things in reality.

Dear OP these are really helpful for those who do not knew about it and it was a great reminder for those who already knew it but almost getting to forget it. I am in the second category because i learned these skills of which you mentioned from this same Section of economy. I used to be a person from start of less spending even if i have money in my hands.

But i try not to waste them. But after reading more from here i do understand that this skill is really necessary because these skills will help you to live a life in the most down of your life stage. But i pray that nobody has to live a lower level life. Instead, i have seen many families in my surrounding whos child and boys of my age are wasting there money on PUBG and other gaming things while i have saved that same money BTC and only using the one which i have to use to fulfill my daily expenses.

I can not agree more with your points and we all should prevail these point among our loved ones. but i afraid to do so because other people always make fun of you until they reach a point when they realize we were telling them true and right. But i am afraid of that temporary insult from other and criticism of being called as the most rich entrepreneur.

You may think you are advising youths to know how to save money or something similar to what I said; however, are you going to save money or invest when you have financial problems to cover up? Nah, mate, you cannot. Some youths today are the ones feeding themselves and their families. How did you expect these people to cope with their finances? This doesn't have to do with hard work or the fact that many people are working to see them survive, but still, these people do not have enough resources to meet their needs. When you are in a country where you are struggling to eat your daily meals, when are you going to think about investment?


No, there is anything like to develop an attitude to on how to spend and save money, how can you save when you suffering did you want them to die with hunger? I believe this is impossible to do when you are earning a little amount of money and you have many things to cover I wonder how you will reserve the money in other to invest.

It is important to strike a balance, we cannot be wasteful but it is also a mistake to stop ourselves from enjoying something that we really want simply because it has a cost associated with it, as long as someone is saving a significant portion of their pay and they do this consistently then there is no reason to not enjoy some of that money as well, however it seems that most people are unable to reach that balance and they have to live in one extreme or the other.

Of course, it's helpful to people who have some capital... but before the problem with "what to do with my capital" is always "how to get my hands on some capital"! In theory, it's easy, but in reality, not everyone can make money, with small or big capital. So stories about how someone made a fortune from some small amount happen here and there, but not to everyone, and not all the time... that's for sure.

So how to develop some capital is a million-dollar question... The answer is different for each of us, but it's not all about making money. Money needs to be spent if we wish to enjoy life and the world around us. Finding a balance can be hard...

I don't believe that when people don't work hard for money and they get that they will useless it because they didn't work hard for it or that they won't value it, no. I think there are many factors leading to such loss. They could be too young to know how to manage it and that is why money management is important in financial growth. Even adult who don't have that discipline to manage money hardly controls it. When you have the management gift or skill then you can invest. So the two points for me is money management and investment , those are what helps to develop capital.

What I want you to understand concerning investment, actually investment is good but thing is that when investing don't think that your investment is going to yield at that moment or whatever investment you venture into will give you an income immediately, investment is what we venture into for feature purposes, because not all investment plan that yield positively from my understanding of cryptocurrency even any other investment.
So in the aspect of don't spend whatever you have, I think you are right in your point particularly this one, because some be have been devastated and been discouraged because of they expenses is equivalent to they weekly and daily income. Another point is that, reading a financial book will not make you to make money or been reserved in terms of money management, what make people to have investment plan is exposure and mindset of development and future plans.

Among those 8 points mentioned then this is what i do really mostly been focusing.
8. Save, invest and take good care of your health.
 

Just focus on this one, then you should really be fine. Investment does have risks, but its not something that would really be hindering you on getting involved with it.Of course next you would really be
needing to save up for future use and other emergencies or other investment that you would be putting up and the most important of all is taking your health on best possible as you could knowing
that health is wealth. There's no use or would be pointless if you do work hard but you had already compromise your health and condition of your body on earning money because
those amounts would really be just simply be used on treating yourself into the hospital.

We do have our own ways on how we do handle ourselves in terms of investment. Lots of  trial and errors would be done and its something that would really be that so common
kind of goal which is to succeed but we know that not everyone would be able to taste up this kind of condition which there are ones who do succeed but most of us would definitely fail.

One of the biggest factors is, after you've read all those financial books and insights, actually putting that knowledge into practice. Nobody becomes an expert overnight, the people that are making big money now are those who took risks and made mistakes along the way. Often the best way to learn how to master something is by having failures, then gradually learning what parts to tweak so you hopefully have less in future and more winners. You also need to take the right strategy, which is often trending towards long term investment these days and not trying to search out short term gains which are much higher risk. Avoid leverage as well because it can be disastrous when it goes wrong.

Be that as it may, there are people who admire other people's success, but yet they don't still try to be reasonable and archive a better thing in their lives. Why?  They are only happy in their minds about what others are archiving, but they can't get close because they just don't have the determination to do so. Some people find it difficult to invest, probably because they don't even know the right investment to make; all they want to do is enjoy life.

One thing I have come to realise is that some people who mismanage their money are those who totally lack financial education because they have the opportunity to get enough money, because of the steady inflow of their income, they lack proper management of funds because they believe they will still have a steady income flow without remembering that they need to also invest in other things or even start a business that can also sustain them when other income sources cease. First, any kind of person like that should seek proper financial management education from economic and financial experts.

This goes down to the point of learning financial literacy and thirst for knowledge.  Having knowledge about cash flows and understanding it makes us to have a right critical thinking on how we spend our hard-earned money.  Although savings is good, we will find out that investment is way better because it creates more money than just savings.  Investment is also a counter to inflation while saving the money and getting it idle will succumb to inflation in the long term.

Aside from that, invest in ourselves, in investing in ourselves, we will keep in growing and motivated because we are able to do things we like, know thing we like, and know how to achieve what we like in a healthy mind, spirit, and body.

Other than what you described above, Emotion control is a big problem for young people to try to develop their capital. I often see them always panic when seeing the market unexpectedly. The youth is also very easily impressed when they see and read bad news in their investment and immediately change direction to another instrument. it's so bad when they compared also in their main work thus causing to be neglected and going to bankrupt when they sold also their investment.

the youth is not left alone, they should be given good direction, they need a manager to manage their investment if don't have the knowledge to manage all life.

most of your tips are related to gaining knowledge, and I am 100% agree with that. there is significant difference between people who know and people who don't know. tips from me if someone wants to build their own business or invest in other people business are these, please consider these things:

1. Product (What's product that people need or want)
2. Price (Where is the best position for us, being market leader or follower)
3. Place (The location where the business operate, offline(a product may have different price if its being sold in different place) or online)
4. Promotion (What is the marketing strategy that we do right now to increase sales)

Always do an analysis before making decision.

I think the main problem is that many of us are not wise spenders. We spend so much on things that don't matter. We are impulsive spenders. We have a distorted sense of priority. People don't care about savings for as long as they have a nice smart phone whose features they can't even maximize. People dream of a good amount of savings so that they could start a small business, but they also can't stop themselves from buying a lot of unnecessary things.

I have a friend who's always complaining about how hard life is, about how badly she wants to stop working, if only she has a small fried chicken business. But she has a couple of expensive phones, accordingly as a gift to herself. She spends much on unnecessary food and drinks. How can we develop our capital if we're like this?

being young is indeed a normal thing where money seems difficult to collect, because it's still the time to have fun let alone have your own income, and there aren't many needs that are borne, but indeed we must immediately wake up to see the future, so don't waste it waste youth for a better old age. for young people I think investing in property or houses is a top priority, besides investing, we can also prepare for our family life later, especially if we are men

We all know bitcoin is a potential investment and can be highly profitable. But also should not be addicted or crazy to the point of having to quit eating or reduce spending on daily needs to invest in it. There are so many ways to increase wealth, capital, why don't we work harder but torture ourselves just to invest in bitcoin? I hope they only torture themselves, not force their wives and children to give up eating to invest in bitcoin. Many people are considering bitcoin more important than their wives and children, it's scary.

Yes, that's right, and that becomes our encouragement in investing and of course with regard to take profit it certainly varies, depending on each individual's basic capital. At least, we are not alone and we are always informed quickly along with the fast pace of information development as it is today and what the OP said above is also good, namely the stages of How to develop investment capital, especially for young people today who are proficient in technology and are still not familiar with it. proficient in investing in the money market and I was impressed by your words namely "learn to have fun and enjoy your money when and while you can" Don't Buy the Dips but buy the Strength after the Dip :D

I agree with you; spend your profit when it comes from your investments and also learn how to manage your money so that you don't waste it on things that aren't valuable to you. Many young men in today's society have no idea how to manage their finances, both financially and otherwise. Many young men today don't view money as something valuable again; rather, they see it as something you spend and God will provide another one. This is why I said they don't know how to spend money because some people will do so even more than his profit and forget that he will invest another time, and they don't know how to make money because some people don't know the time of business he will do to make money.

Second, it's crucial to invest money in meaningful relationships because they will improve your life and be patient with you even when you don't have money again. This is because, for some reason we don't fully understand, people won't value you if you don't have money; only your family will; however, as soon as you become successful or God has blessed you, you will begin to see them from different angles, even to the point where you can't afford to see them anymore. So what I'm trying to convey is that no matter how successful you get in life, never forget your family because they will always be there for you.

I find that not a lot of people understand the concept of interest and also the 5th wonder of the world, namely "interest on interest" I had a bond for many years and I get interest on all the "extra" money that I paid into the bond.

I also left the interest that I received in the bond account and managed to receive interest on the interest that I received. This built up very quickly and I managed to pay off that bond, 6 years before I should have paid it off... just based on that interest and the base amount being smaller... on which the Bank charge interest.  ;D

Maybe I can ask you back

Which kind of method do you want to work it out for your capital.


High risk high gain ?
Ex: Stock, forex,  own business

Or
Low risk low gain?
Ex: bank's interest

It would be useful to see such guidelines based on your personal experience. Did you find it on the Internet? Have you tried to live according to such rules? Have you had any success? You must understand that what you try to teach here works individually for each person. The theory will be theory, but when we come to adult life, everything becomes much different. To admire rich people, he will give nothing but the origin of envy and the statement of their own complexes. All other points also have a dry assessment without personal experience or sincere advice.
You ask if this is useful. No. We can read on the Internet; there is much more information. What can you say about yourself personally? It will definitely be useful.

This can be viewed from two different perspectives:

1. THOSE WHO EARN SO MUCH YET HAVE POOR SAVING CULTURE:

I. Avoid habits and lifestyle choices which trigger unchecked spending.

II. Prioritising healthy habits and giving attention to activities that promote healthy living to enhance a healthy state and prevent dilapidated health thus, exorbitant spending on drugs.

III. Not spending above your earnings; embarking on financial choices that don't promote a spending spree...

2.  THOSE WHO DO NOT EARN SO MUCH:
Sometimes, society views poor people as those who don't have a saving mentality. The thing is, some people earn below their means. As such, the ability to save is impossible. However, these steps can be taken to prevent consistent poor income:

I. Learn the principles of investing

II. Earn to invest and not earn to spend

III. Saving the little you earn regardless of the quantity

IV. Creating time to learn regardless of how hard the timing might be.

There's something missing, and that's having fun. All of that stuff you mention, if you aren't happy with what you are doing, it is not fulfilling for you, meaning yes, you have accumulated a profit and have good capital to invest in other businesses, but if you aren't happy and again, don't spend much time with your family, it is still something you don't feel very accomplished with. My goal in life is to have balance, because you are doing this not only for yourself but also for your family.

Yes, your OP is right, most young people today tend not to be able to manage the finances they have so they can grow and so they can have more. Maybe it's all caused because of his young age, and his mind is still unstable. Making these young people too busy with the money they have and have not thought about their future. Therefore, if we have a child, we must be able to educate our children well, especially in managing finances, such as saving, doing business and investing. Because if such upbringing is not instilled from childhood or from childhood, it will tend to be difficult to manage or manage their finances.
I really, really agree with the advice you gave for this one suggestion. Because investing is indeed a way that can be said to be very effective in developing the money capital you have. But the problem is, most dominant young people forget this method. There are many reasons why young people don't invest. One of them is a feeling of laziness, and knowledge about investments that is very lacking, don't even know. Because from my personal experience, when I ask young people about investment. Half of them know the word investment, but they don't know the meaning or meaning and how to run it. So the point is to tackle the problem of awareness of investing for young people, the answer is in terms of knowledge.
Yes, this is really necessary, because young people need to find examples, so they are motivated to make changes in their lives. Because by having an idol or someone to admire, at least young people can have the enthusiasm to achieve the dreams they want.

Today the main problem of unemployment is that the youth are always waiting for a job. I don't think so many people around the world would be unemployed if they could try to do something by themselves instead of waiting for a job all the time. We are always afraid to invest because there is risk in investing, where there is risk it can lead to your success. It is possible to get through life with family by working, but it is possible to change one's position by investing. Presently we are good but our future may not be so good so we must think about future. We have to take investment risks with a future in mind. Besides investing as you said learn to protect your money, no need to spend extra money. We should spend as much money as we need, only then we can reach our goals in life.

What's even more funny is that most of these young people blame education, they say they spent years and money in college but ended up unemployed. But they don't know that having a degree does not mean they will have a job and a high salary, while apart from a degree, they have no experience or skills for businesses to appreciate them. Fresh graduates are too delusional about their education level. They are lazy and useless people but always think they are talented and deserve to be well paid.

I wish what you said was the same all over the world, but it isn't. Many people who graduate from a good school with a good degree cannot find a job. It would be unfair if you told them they didn't get a job because they didn't like the job. Because when he starts a job related to the department he studied, the salary given to him should be fair. Most employers are looking for slaves. They are entitled to pay very low wages to someone 10 times more qualified than them just because he owns the job.

Also, not everyone can start their own business. It is not a logical idea to say that those who cannot find a job should start their own business. Do not upset young people who are trying for many things and looking for a job to get the salary they deserve with such simple statements.

To develop your capital effectively it's crucial to adopt a strategic and diversified approach. Maybe start by setting clear financial goals & creating a budget to track your income & expenses.

Explore different investment options such as stocks, real estate, crypto or mutual funds. Consider starting a small business or exploring entrepreneurship opportunities. Maybe focus on enhancing your skills & knowledge through continuous learning as it can lead to better career prospects & higher earning potential. Patience, discipline & adaptability are key to long term capital growth.

It's startling, isn't it? The evolution of societal values: Economic systems have transformed from barter systems to complex financial structures. Many today view money with a certain casualness

The detachment from physical value and the rise of digitization may account for the frivolous attitudes of the younger generation. Our ancestral societies practiced prudence, based on the scarcity of resources. In our modern times, while the mediums of trade have changed, the underlying principles of conservation and smart allocation should still stand strong

Today's generation needs to comprehend that financial ebbs and flows are transient. What remains constant, as witnessed across epochs, is the family or the tribe's support. Hence, nurturing familial ties isn't just a sentimental act but a strategic choice grounded in millennia of human survival tactics

These are nice suggestions because in the current economic situation of the world, you can't survive with just one source of income, you need multifaceted income so that you can also have free money to invest somewhere else. Being multiple talented is an advantage and that is why sharpening of skills is good and learning more skills become an advantage. With multi skills, you have an edge in the economy and you can fit in any situation of the economy. If you work yourself to the extent that getting access to jobs is easy and you have employers looking for your service that means your monetary value will automatically be on the high side and you have free capital to run other businesses.

These steps are surely helpful. Ensuring that you are prepared and well-informed is a good preparation for developing one's business. Planning everything also ensures that you will not be caught off guard by various possible scenarios that may take place that can either make or break your business. I also would like to emphasize your point about adaptability as it is very vital in having a business. As more and more competitors arrive and various innovations are made it is very important that a business owner knows how to adapt to these as it will make your business remain relevant and up to date.

Your steps to increase your capital are excellent. Surely these principles will be very useful for many people. People who spend more than they earn are always at a loss and often I have seen them in debt. You have mentioned saving and investing. Which is a very good principle. People who invest their savings are more successful than those who only save. Your capital should always be kept in circulation. You are right that people try to make money by scam or any other way instead of working hard. Taking a shortcut is more dangerous. Thus they soon lose their capital. Of course, many people have started investing with very little capital and today they have reached the heights of success. So one can start with a small amount. I think courage and passion along with hard work is very important which can play an important role in the development of our capital.

yes, we often hear formulas like this, and there are a lot of them, besides what he is trying to explain is not complex with what methods and pathways, he only explains in principle what is common knowledge today.
I think it also doesn't help in terms of starting a business, because basically to develop capital we need what field we will be involved in and we will try, to be honest, business is dynamic like humans as well as principles, sometimes we have to change because it adapts to the needs of conditions.
I hope he shows what he has achieved today by relying solely on that principle. lol

Sometimes you set aside all the rules and work according to convenience, when you are in control or a certain business then everything is in your hands. Freedom and control over everything related to the business being managed. You have the right to enjoy the results of your hard work that you have fought for all this time. Because focusing on rules is like continuous discipline and forgetting our point as humans who need entertainment, shopping to fulfill needs or ambitions, taking vacations or wherever they please. Everything returns to the basis of self-control, because when you feel mentally free, your work, business, or any allocation related to capital that will rebuild your business becomes more controlled.

So, do you have a lot of capital as a result? Or is it just a compilation of ideas you have seen on the internet? I say this because if you had followed it in practice and it worked, it should have resulted in a good amount of capital.

The things you say are not bad but every time I see a post like this I think the same, if it is not someone who has taken those ideas from the internet but has not applied them, at least for the moment.

I once worked in a place that was originally small and only consisted of about 4 employees, the type of business was a house improvement contractor and in 3 years the number of employees became 30 people, the owner had told me that the most important thing from the business was honesty, as long as it could be honest it would be easy to Looking for investors with transparent profit sharing systems.

Wouldn't I know about this. I am not "youth" by any means, but as someone who has to take care of 3 families, I feel like sometimes world crushes me with all the expenses that rises. People think that we just wake up, go to work, come home, watch tv, sleep. That's not life, sickness happens all the time, and I have paid sickness of my mother in law, and paid for unfortunately passing of my own grandmother and her sickness until her last day, and paid for my own sickness or my wife as well.

All these combined makes a lot of sense and that is why I think I will probably never have any big amounts of money saved. Thankfully bitcoin exists and sometimes I save some aside and make a lot during bull run and that makes me feel good for a while, but then something happens and it's all gone.

Due to lack of proper knowledge of many people they cannot raise capital in business properly everything will become easy if you know the right rules. Raising capital is usually one of the first problems a young person must solve, and your ability to attract investors will likely play a key role in your ultimate success and exit strategy. To make a profit in business you have to take risks we know that making a profit in business is very difficult because you have to take a lot of risk. Risk means that you may have to deal with any kind of problem at any time sometimes you may have to invest a little more in the business so that the profit is more. Same is the case with investments if you take risks without fear then you will not get much profit.

If you want to invest in something, first you have to learn about it. Then you have the background knowledge to apply the capital. If you do not have any knowledge related to that area, please don't invest in that. That is my view regarding your question. Another thing is most people after getting some profits, will 100% spend it. The best thing is to add some profits to your capital and try to earn some profits again. This will maximize your capital.

The problem is not how to raise money for the business (with a well-crafted business plan, any normal bank can grant a loan). The problem is how to properly dispose of the money received, because force majeure may leave no chance for the successful implementation of the business.

In my opinion, the important thing in developing capital is to continue to expand business and maintain a simple lifestyle.
Why is that..?
There have been many incidents among some young entrepreneurs who have just started their business and have only gotten a meager profit from the results of the business they do, but they have changed their lifestyle to become hedonic and consumptive behavior which ultimately leads to the destruction of the business they are running. Hedonic behavior is often influenced by the friendship environment and sometimes when we have the upper hand it makes us arrogant and only friends with people who are at least at the same level or higher than us which further encourages us to behave hedonistically.

Actually, it is not a problem for someone to behave hedonistically. However, it needs to be underlined that it is not a problem when we are able to do that where the business we have already has branches everywhere and has big profits.
Don't let the business we have not run smoothly and the profits are not enough and also the business and personal needs are not fulfilled but instead you force yourself to behave hedonistically and consumptively

It is undeniable that a significant part of young people face difficulties in managing their resources and developing capital in the market.. The proliferation of opportunities and the availability of money can be a challenge, especially when you do not have the proper orientation… I  seen situations in which the desire to obtain quick and easy money leads them to deceit and scams, I also personally went through that, I was scammed on 2 occasions, but it is precisely from that that we learn how to handle ourselves in similar future situations, This often applies to those who are not willing to invest the time and effort to learn how the financial markets work and how to make investment decisions, which is why I like to advise others of the mistakes I have made in the past..

I was reading a similar article that can serve as an enrichment on this subject, it speaks not only to young people but also to people in general about why they make bad financial decisions. And one of the reasons that can also be used in young people is a lack of financial education, I have always said it and I stress that it is very helpful to have a basic knowledge about this.. since the path to the development of capital and financial health implies discipline, education and a constant growth mindset, by embracing these principles, young people can transform their relationship with money and build a stronger and more prosperous future in the capital market

here is the link to the article I mentioned above: https://www.moneyweb.co.za/financial-advisor-views/what-causes-people-to-make-bad-financial-decisions/

Live within your means and spend what you are willing to lose. I live by that, and I will pass it down to my kids for sure. I agree with you on that, sometimes when we get a taste of success (specifically in the financial aspect) we push ourselves to reward ourselves too much that we don't even notice that we are spending more than what we initially earned. Instead of this, we should learn to be smart about it and make it a goal to double the profit we got. Remember that earning will always be harder than spending.

I think this point is more worthy of being ranked first, health is the basis of everything that makes all the activities you plan to run perfectly. Maintaining health is very important for everyone, it means nothing if you have a lot of money but you can't enjoy it because you are not healthy.
Saving and Investing will benefit you when you retire, the wealth you have saved so far can be enjoyed when you are old. Life is not always about money, there are times when you also need to take care of your health, with money you can buy everything, but money can't buy health.

Don’t work on a payroll. Own your own business and file your own tax returns unless you need an accountant. Borrow money because it is the best way to write off profits. (Or avoiding taxes) Then make more investments that generate revenue with the borrowed money. This is what the big corps do and this is what I did in the last 2-3 years and I tripled my wealth since then. If you are living from paycheck to paycheck you will never get rich. Life is about tricking the system and you can only do that if you mimic the others that do the same thing.

Health is important but if you don't have money, how do you maintain your health? You want clean food, nutritious food, a healthy living environment, or using organic products…how can you get those things if you don't have money? So all need to be balanced, you can't torture your health to overwork, but you also can't be lazy for fear of affecting your health.

Not only for retirement, but if anyone wants to get rich, saving and investing are always the most important and necessary things. I have never seen anyone get rich without any savings or investments, a hired job will never make anyone rich.

When I was a kid, they used to tell us to go to school, come out and get a good job that is paying and we are going to have a good lifestyle but now things are changing. There are many persons that have a job but the job is not giving them comfort. The phases of life and how we are going to make it in life is gradually changing. Hard work pays before but not now. There are people that are doing hard work but they are not making it at all which is why we need to do smart work. Life I'd getting worse as a result of the inflation we are facing from the government making life hard for people to bear.

They? do you mean our parents? I don't see anything wrong with getting that advice from a parent, or I'm giving it to my child myself. There is no way to be successful other than you need to go to school and need a good education. When you graduate, you need to go to work to accumulate money and experience, and when you have those things, you need to work smarter and find ways to develop yourself by starting your own business or participating in other fields investment sector. Those things you have to think for yourself, no parent can show you every little detail in life, it's no different than you are a useless person, always relying on others. 

We are children born into poor families and the only way to become rich is to go to school, to have knowledge, our parents were not wrong about that.

The fact that I found about finance lessons that have been taught in schools since ancient times in my country is the term if we are diligent in saving then we will be rich. And when I grew up I realized that by diligently saving we would not be able to get rich. But what makes someone rich is how they can manage finances and turn money to make money. Make money as business capital or save it in potential investments. Meanwhile, if we only save fiat, we will only find a decrease in the value of fiat if it is stored for a long time. So it is the business and investment sector that actually makes a person rich.

The point is that many lessons at school are actually slightly different from the facts on the ground. indoctrinated children to save but not taught about investing is a mistake. So it's no wonder that many young people are unable to properly develop their capital if they only rely on the method of collecting money in savings. Because to develop capital and achieve success we must be good at turning money around in business and investment.

There's no how a business that was sourced with fraudulent capital will sustain being operational because the means is not what was gotten on a good ground, no wonder we see some blooming startups going down because we don't know how they started from the beginning to source for their capital, a capital is what should be developed from the little it may appear till it turn to something amazing if we follow up with the required and expected business practices on anything we venture into, if anyone scam to start a business, it will not last before everything goes into extinction just like the grass withers away in the evening after it was cut down.

Indeed, if you have a lot of money, even though you can buy this and that, it is not certain that the money can turn back the time that has passed, let alone health problems. Yes, basically we are just a deposit that will return to the ground, so I agree with you that health is more important than lots of money.

But Money, time and health are three very important things. Can't choose one, but today there are many ways to balance money, time, and health. Therefore the best use of some money is to invest in multiple assets, I realized that investing in bitcoins, and some other investment opportunities is better than keeping all my money in savings or unnecessary expenses. Anyone can achieve financial freedom, we just need a positive mindset and want to find the right information and a good investment management plan, because the reason most people experience unnecessary losses is because they don't start with good investment management. Likewise in developing our capital.

I'd say to develop your capital, find something that can give you a lot of profits to sustain your wants and needs without worrying on getting broke or bankrupt.

The problem is that, most of the people are contented on what they are earning but never contented on what they have. They love to spend their money on things that they wanted, like brand-new iphone, ipad, macbook, or any luxury items just for flexing and social climbing stuff to gain attention which they will never get anything valuable in return.

People's needs are never limited, people always expect a little better position from their position but some people are satisfied with only one of their jobs they don't try any alternative only then thinking that there will be a possibility of losing money. After working for 10 years if we save $20K then we plan for future with that $20K but never worry if that $20K can be invested in a good side by planning then it is possible to earn lakhs of dollars from that $20K. We must earn money, it is never possible to earn as much money as you can by doing business, but when you become an entrepreneur, you can create employment for more people. So the way to increase your capital is to invest money in any business site or other investment side and increase your amount of money.

I assume the op's 75% is just a rough estimate based on personal experience, not any actual research on what people struggle with. If not, it would be great to see a link to that estimate.
It's also nice to see various people pointing out that things depend highly on a society at person's in, and often being unable to accumulate wealth is not an individual's problem, but is due to structural issues, a very poor country, etc.
Not spending more than you earn is a norm is many societies, but I also feel like it doesn't apply in others, such as the US, where you are expected to have student debt and other types of debt to get the stuff you want and often the stuff you really need.
Some people do struggle with saving money, and that, of course, is not helpful to develop one's capital. But as for investments, people often lose money this way, so it's a hard thing to assess.

Even in this century, this statement holds true like the sun rising in the East. There is not substitute for education, gaining knowledge and a degree that is recognized professionally into something that a person has passion in. Then they should be able to work their skills and earn at the same time doing what they wanted to do.

Even youtubers have some or the other degree before they go into that "I left my job" - defenitely dont take that for granted, they set up their businesses by working not being a lazy ass, like what some people might think.

Earning money and getting rich is not easy but neither impossible if you are determined and willing.

Health and money are equally important in life. When a person is healthy but has no money, his life is very difficult to organize. Vice versa, someone who has a lot of money but is not healthy, cannot enjoy the money that has been collected so far. A person must be in good health when he wants to raise money, but without money it will be difficult to live a healthy lifestyle by consuming nutritious food. Both must complement each other, money is easier to find when you are in good health.

Agree, a rental job never made anyone rich without some savings or investments. Old age will be guaranteed if you have savings or investments to finance all your needs when you are unable to work normally.

Op you're right about the listed but there are people that have the interest to save or invest but barely have what it takes to feed fine and sort out their financial issues how can such persons have savings or even invest. So it could be that out of that guess work of 75% youths most of them are struggling with how to keep up with daily bread and their situation is what denies them from possessing those characteristics and it's also has much to do with the society people find themselves.

Some people amfind themselves in a harsh economic society that condition's deprive them better opportunities with crowd of persons chasing small limited availability opportunities, while some others find themself in a small populace society's where there's much available opportunities to develop oneself financial beyond the total population. So we can't completely concur that some people that are not doing fine financially are  because they don't know how to develop or invest capital.

That's possible if you earn considerably well. There are people who earn the nearest minimum of wages that can hardly pass for something. Some people leave on less than $1 a day in Africa and certain Asia countries. How do you think such an advice will work for them? It's not possible.

My stand on that is the same as what I said above 👆

This necessarily doesn't mean it will yield positive result. If it were so, those who teach financial education or author such books should be top on the global rich list of the wealthiest people on earth.

Apt! Feed your mind on issues of where you want to be in future for wherever a man's treasure is, that's where his heart will be.

The last two points are germane too.

75% is a lot. Surely there are a lot more youths who are more financially responsible and capable of managing and growing their wealth. Yes, In a lot of cases, money not earned as well as Ill gotten gains doesn’t stay too long in one’s hands and are spent on irrelevant lavish things that would quickly dry up whatever funds you may have had. Money not worked for/earned will not be spent judiciously.

On your points, reading loads of books on how best to manage and grow your finances won’t just make anyone financially stable. It’s much easier to read on these things than to actually practice and get results.
Also, you should know investments doesn’t always bring in profits as losses are experienced.

Agree, to develop capital sometimes we need the courage to make decisions without having to be afraid of risks. In starting anything, action or action is the key to success. As much as possible, avoid planning too long or dwelling on excessive details. Start acting with what is there and slowly develop according to the time and abilities we have.

Hot money, there is something to spend or spend. Even if there is strict discipline, there are exams, this is not unexpected. although they live very frugally. That's why we need to control ourselves so that we are far from the vicious circle where there is no end to spending money just for social climbing.

Placing money in bitcoin is only a small part of a more comprehensive financial plan. We face many uncertainties in our lives, such as inflation, market volatility, and changes in the cost of living.

It is important that you develop a solid foundation of financial knowledge. Truly, understanding how the markets work, managing risk, and creating an investment strategy are key to achieving financial sustainability. We also need to learn how to budget, save and invest effectively to ensure that we have enough assets and income in the future.

Yes.. I agree that earning is more difficult than spending it. this is what we must and continue to pay attention to when we spend the money we have.
So we need good management of finances, so that our expenses are more regular. and never once in a while to put forward prestige.

A healthy lifestyle also needs attention, lest we focus too much on the business we are starting to ignore health. to live a healthy life is very expensive, many people are willing to spend money and sell all their assets to pay for hospital fees in order to live a healthier life.

Honesty is one of the main factors to be profitable in business.  If someone has integrity then surely he will achieve great success.  Those who have excessive greed in them cannot be successful.  If one wants to do any business then he must analyze it. Everyone should remember that the purpose of business is not only to make profit but to serve people and be honest then he will surely succeed.  There are some unscrupulous traders who are in business to cheat people, so they can never succeed.In all cases an investor must spend his capital wisely.

I want to emphasize point number eight. Savings and investments are indeed important for the future. But more important is the health investment. as we see now many people whose lives are upside down, now people think of spending millions to buy a house, spending millions to buy a car, spending tens of thousands to buy bags, spending tens of thousands of thousands to buy cell phones and even spending money to buy clothes and all of that is normal.

But spending tens of thousands on their own health, they may shake their heads. because they feel it is too expensive and say there is no money, when in fact they will spend a lot of money to make a house, but only a body that has never been cared for.

It doesn't matter how much money is spent on health, because as we know health is the guarantee of our future. because health is not an inheritance, health is our best investment. What bed is the most expensive in the world, of course a hospital bed. And no one wants to replace our pain. we can recover lost items, but there is one thing that if lost will never return, namely health. So let's take care of our health for a better future.

This is definitely true, if you do a good job then the good job will come back to you and you will return it with a great profit without a doubt. I have met with a lot of people like that and they all made great returns. Of course that's not the only way, there are shady people who made some money as well, like for example look at Amazon, do you really think that they grew to be this big by being fair?

Of course not, they were never honest, they have paid their own workers so little that their own workers who spent 8 hours a day working there ended up in poverty level. But you need to be honest about the work you do, if you do that then you are going to end up with a great return without a doubt, it's very important.

When running up a business or simply you are a business owner then there might really be things which you might do even though it turns out to be none fair or none ethical but we do know that on cutting off some cost or trying out to save or some expenses then you would really be needing these sort of things for you to be able to maximize out profitability but of course you shouldnt really be coming into a point where cuts are really that severe which turns out to be unfair and unjustifiable already. Just go into that fair side at least and really worth for the work that they have done.
Honestly, handling out people and managing a company is never been that simple on which there are lots of things and factors which you would really be needing to consider out first before
making other step.

Honestly, I find the importance of money the most important nowadays because when we have money we will get many things. I wonder how health will be guaranteed if we don't have money to eat clean food or if we have an accident and need a lot of money for surgery. If we don't have money, what will we do? Besides, when we are young, we should exchange our health for money because if we only know how to maintain our health but are lazy to work when we are old, we will see the harm of not having money. When you earn a lot of money, you just need to enjoy it when you get old and don't need to work, and that's called money can buy health.

The things you mentioned are already seen as facts today so everyone should have the ability to deal with them in their own way. Because inflation, market turmoil, and changes in the cost of living at this time have occurred and are even still happening, making everyone continue to look for ways to deal with them wisely.

How to save and budget money in life will be obtained by everyone when they have faced difficulties in their life, because that is something that must be done by everyone who wants their life not to be difficult. In addition, to understand risks, markets and strategies is when someone is doing a job that he likes very much at the moment, for example in investment and business. Because business owners also need an understanding of the market, risks and strategies if they want their business to grow, so it's not just investment.

Based on my experience and as what I've heard from young professionals who are earning decent amount of money, some of them will never think of making their own fortune instead of avoid working for someone who's already been wealthy. Just because they have money, the things they do will contradict some of those you have on your list.

1. They spend just enough to make things even before the next paycheck comes in or sometimes they spend more.
2. They don't usually save out of their own pocket, because they are dependent on their insurances.
3.  Some may have read a lot of book, but they still don't have enough time to execute what they've learned, simply because they are still young and they need to enjoy life while they still have a strong knees.
4. Some might have engage into several investments, but lack of knowledge. ..
The list could still go on, but the bottom line here is that, not everyone has the ability to adapt that kind of mindset, especially at young age. Believe it or not saving is very difficult than what we think it is and spending is the other way around. The reality is, there are only few people who can manage their earnings very well, again, especially at a young age.

In contrast with that, how will we be able to gain money if we don't work? How can we work efficiently if we are not healthy? Health and wealth are interconnected things, if you don't have one then the other one will surely be gone as well. They are both equally important. You need money to maintain your health and you need to be healthy to ensure that you are well enough (physically, mentally, cognitively, and emotionally) to work to gain the money you need.

It is not just easy to say, we all know how the economy is right now that price of things are very much expensive. The economy keeps on becoming tough, currency keeps losing values and no increment of salary of workers in this tough time. Having one source of income is not going  to be  possible to develop a capital because the daily demands for money is too much. Developing capital if their are other source of income, with this it will be easy to make some savings for capital.

  Before Developing capital you might have first solve your needs first,  but whereby it is difficult to provide or solve daily needs it can't be possible to think of Developing capital.  Developing capital is all about to be financially stable first.

There are tips that I like and there are tips that I don't like. For example, I am sure that all financial books are useless. In my youth, I read "Rich Dad, Poor Dad" I want to say that the whole book could be expressed with just one thought: buy assets and do not buy liabilities. That's all, a valuable thought, but for some reason stretched over the entire book. Among your tips, I liked the advice that you do not need to be afraid to ask. This is exactly what Einstein advised to do, because there is no need to be shy and not be sure. You need to achieve the goal and not be afraid of anything.

You can try dozens of techniques to increase or protect your capital but in my opinion, being experienced and seasoned is the biggest plus for capital development. Being financially literate is one of the golden rules for capital accumulation. My capital accumulation was all about experience and patience. Most of the people who enter the money markets are not in it for capital accumulation but to get rich fast. If you don't know about the market, your losses, your bad experiences, will teach you about the market. Cryptocurrency markets are the best place to build capital.

By investing in major coins, you can save for the long term and protect yourself from inflation. So far Btc and Eth are among my indispensables to increase my capital. The reality of this business is definitely patience. The idea of getting rich quick is the biggest mistake for capital accumulation. Creating a plan and patiently spreading your capital accumulation over the long term by sticking to that plan is the ideal way to grow your income step by step.

Reading books about financial markets and being inclined to save are important recommendations and I fully agree with them. Also, I think that the more experience I gain about financial markets, the more I become a saver. So, there is a practical as well as a theoretical aspect to it. Someone without practical experience will never succeed in increasing their capital and changing our habits is more difficult than reading a few pages of a book.

But what's even more funny is that those losers are trying to blame education and they're comparing them to people without college degrees like Elon or Bill Gates. But they don't know that even though those billionaires don't have college degrees, they also get the best education in the world from a young age and they are born into wealthy families. If Elon and Bill Gates fail, they still have another way to restart their careers, while we have what? We have nothing and will always be a failure if we do not study and work hard.

Yes, making money and becoming rich is not an easy thing, but that doesn't mean there is no way, as long as we constantly learn, constantly strive and always try, we will achieve what we want. Nothing is impossible and everything is completely up to us.

True. Developing your capital is a journey that requires discipline and consistency. Having clear financial goals and creating a plan to achieve them is also a key factor. As for me, I've started through saving a fixed amount of money each month, even if it's initially difficult for me because sometimes I get tempted to buy impulsively. At the same time, I am doing thorough research about investments that have historically generated a good return on investment and related factors such as market trends and risk when making investment decisions.

Investing your money wisely in assets that generate a good return on investment can help you achieve your goals faster. Try to minimize your debt as much as possible and prioritize paying off any high-interest debts first. We just need to stay focused on our goals and avoid impulsive spending. Following these tips can develop your capital and achieve financial stability over time.

What about people who don't earn enough? You can build capital by making investments or even saving if you have a family to feed and also have a very small income which is barely enough for your personal expenses, a person in such a situation cannot build capital or develop one since they can't create one in the first place. The very first thing for a person is to be able to earn more than they need to spend because if you can't even spare a dollar, you can't build your future.

However, those who have enough resources to do that should obviously follow some pattern and get things done right in their lives before it's too late. There is a specific age for doing something, once you miss that age and enter an age where you can't do anything, you will regret wasting your youth.

What exactly do you mean by "develop" here? You mean build your capital? Then the only way to do it is through saving and investing. Reading "financial" books or watching videos won't honestly be helping you. Experiencing is a whole different thing and you learn more when you experience it in real life. Also you need to be discipline and be responsible financially. Most people fail to save because they tend to buy things that they don't actually need. And like you said, you should only spend what you can afford to spend. The "afford" part includes your capital too. Spend what you have left after you have saved enough to build your capital.

It is true that in this world not everyone is in good shape financially. Because there is still much that we can find about people who have only enough income to meet the needs of their families. And it is difficult for them to leave money for capital. So they do not even have the opportunity to develop capital. Because even they do not have any money left that can be used as capital. The solution in conditions like that really only has to have a side job and make more money than usual. Maybe it will reduce the rest time but if you don't do side jobs then it is not easy for someone who only has a mediocre income to be able to get up and improve their finances by gathering capital from side jobs and developing it.

Capital is not always about money, if your income is stagnant and has no increase and is only sufficient for daily needs with your family which makes you unable to start in the first place in building a better financial, you can increase your knowledge and capital capital first, because it will make it easier for you to get access to increase income, and from there you can raise your capital for investment or business, that is not a reason if you want to be more advanced, the basis must be fixed first, if you force an increase income you with the skills and knowledge like that, it will make you have to spend a long time and effort.

This is indeed not as easy as it is said, but try to keep trying, yes, even though there are some people who miss this opportunity even though they have the opportunity to increase your capital, let it be a life choice, because this cannot be assumed, it can only be be regretted by people who do not have the same position, but want to have that opportunity.

Well it's true, everyone has different financial strengths and also they have different ways of earning so the results they get are also very different, and I would add that people's abilities have their own limits so it really affects them in finding the income possible. So this is one of the biggest contributing factors as to why it's hard for them to build something like a business that can expand their income, but with such a low income it's very hard to get a little bit ahead. I agree with you that this makes it difficult for them to take advantage of opportunities to expand in terms of capital. And then it's true that a lot of us end up looking for other alternatives by looking for part-time jobs to be able to increase income, on average they have two jobs, offline and online.

A very good point Bangjoe because in the end as you say when we still cannot develop capital in terms of material, of course we can develop ourselves in terms of knowledge and competence in order to have more qualifications so that when we have the opportunity to increase capital in terms of finance we already have a good self-improvement in order to develop the money we have as capital as well as the skills and knowledge that we have upgraded to become better.
I also agree that things like this will not be easy but if we cannot go beyond this process then no matter how much capital we have in the end when our knowledge is still below then everything will remain stagnant and the capital (money) we have will still not be able to grow.

Outcomes or results would really be different on each person on which it is true that we do have different ways and dealings into particular things and comes up with different decisions and solutions on which not all would really be sharing up with the same idea or conclusion on things.Therefore, results wont really be the same as well. We know that in investment world or business
which it doesnt automatically be considered out to be that a success. You would be needing to pass up lots of challenges and struggles before you would be able to hit up that situation.

Its not something that you would be just simply putting some money and then wait up for you to harvest your profits. It do still basically be needing on that kind of management and decision making which is also a factor that would be determining whether you would succeed or not.In business then it would be a matter of success or fail but somewhat there are really situations
on which it does really need up some mix of luck for you to be that successful on this field.

Well I don't think that developing capital to start a business is something hard for an educated person, if you are well educated you can easily get even not full capital you can get half to start anything which you are planning for, it is said that a wisdom man is stronger than the strongest person because of his wisdom's.
If someone is educated and he needs capital to start up a business, the person should just look for a job and work get paid and use the salaries to start up a business for him selfs but if the person is thinking of to continue working at the company he can just open the business and put someone to manage the business either relatives or maybe a good close friend and then continue his monthly jobs, that's double assets.

If you’re living in an Asian household/with a family that doesn’t mind you crashing in for a while so you can come up with the money for your business, do so. You’ll be surprised at how much you’ll be able to save especially with rent. If it comes to the point where you’re avle to start your business, it’s easier to hire relatives/family members too and they would appreciate the gesture as well as it means you’re trusting them.

It’s all about transparency and paying it back when you’re able to get your big break. So if your family doesnmt mind accommodating you as a youth while you setup your business and all that, might as well my friend.

So true. And ironically at this time in some developing countries the main job is sometimes the amount of salary is not too big. Or it could be said that the amount of salary received from a basic job from an offline job cannot cover the basic needs of someone who already has a family. And sometimes at this time online side jobs can actually make more money than the main job offline. Maybe every region and job has different conditions. But as far as I'm concerned in certain areas the base salary is too low in value when compared with the increase in inflation which never stops. This is what makes everyone have to work harder by working on the side. But fortunately today there are many side jobs as Freelancers that can be done from anywhere online which can also generate quite a lot of money. But not everyone is willing to learn about online jobs. This is what may also make it difficult for someone to develop their finances. Because they don't want to develop themselves by adapting to increasingly advanced technology.

There are many ways for us to be able to raise capital, and in my opinion the easiest thing to get capital is to look for a loan from a bank, if we already have a business that has been running for at least 3 years it will be easier to find additional capital, of course we have to calculate the ideal amount that can still be we pay .

Good point. Make the most of what you have, the connections and resources you already have allow you to have more. However, just a little side note, trust is very important in this aspect, as well as ensuring that you are not being taken advantage of and vice versa. As crazy as it sounds, you cannot fully trust anyone when it comes to business and money, even family. After all, money is the root of all evil. Hence, it is best to still keep some things only to yourself while expressing gratitude to those who helped you.

I think borrowing is something that we should avoid, because without us realizing it, problems will arise. It will be very easy to get money from loans, but we must think carefully before making a loan.
I am talking about this based on what I see from my surroundings. Several times I saw someone who had a fairly developed business, then later they took out a loan because they wanted to further expand their business, what they got was just the opposite. Their business fell apart, and they also had to pay their debts.
From this I learned that borrowing can be one of the triggers of problems.

Now it will be very easy for us to get a loan as long as we have a guarantee, you are right we have to think before making a loan whether you will be able to pay it after making a loan. Maybe what you see is that those who have a business that is not ready to develop and they make loans to expand their business will certainly create problems for them because their business is not ready to be developed, so before choosing to seek additional capital to develop a business, it is necessary to study the existing business. we live so that we don't use the wrong additional capital for our business from the loan, of course this will create new problems for our business.

Overall I find the steps very good, and I agree with the points. But on the other hand, there is an obstacle which in my opinion is very basic, namely beginners really need guidance. This means that in every stage that is taken to develop their money in the capital market, beginners really need a mentor to support and provide an overall picture of the benefits and risks.

Finally, in every decision making, they will not be shaken by the sometimes volatile market situation. I think this is just a personal assumption, of course each will have a different perception based on his experience.

Unfortunately parents raise their kids for the time they lived, not for the time they are going to live. For example, my dads time was a period when English was becoming more important at work, so he wanted me to go to college and learn English, and because of that there were a lot of people who studied English and learned it at my age group, since all our dads wanted to learn but couldn't and was too late, and because of that we did, but because we all did at the same time, speaking English doesn't make anyone a lot of money at all.

I believe that we need to focus on making our kids learn stuff that will benefit them in their own future. A lot of parents are teaching their kids how to code now, but coding is todays job, it won't be as profitable 20+ years later.

Yes, they need some guide it could be learn by books or by videos in Youtube. Everything can be learn now in this space nothing is impossible. But yes developing your capital for your business or project is kinda hard if you are doing it just for yourself. I knew it because I have an experience in that kind of thing before but I fail because I didn't took the risk and I limit myself.

Both you guys make equally valid points. As a thriving businessman myself (I recently just opened a venture of my own which I'm really proud about), it is way easier to hire close friends, and family members since you don't need to screen them with interviews anymore, and you're able to place them in positions that you know they are capable of since you've known these people for a good while. And while the trust with money is true, I say that it's way easier to handle when you're the boss who pays these people. Long as you guys come up with a passable payment and have it signed through a contract, you guys should be good.

Utilizing your available resources is a perfect way to ensure that not only are you going to have the capabilities to come up with the capital, it's also going to ensure that your business stays afloat through thick and thin.

of course everyone will have their own way of thinking and ways to develop capital, but for beginners I think there should be a lot of sharing with experienced people so they can take lessons from those experiences. because often even though they have a large income, many people cannot manage their finances so that capital cannot develop until the business runs stagnant, things like that that seem easy but sometimes become one of the obstacles in doing business

Well, the OP has not been back to answer some of the questions we have asked him, so it seems to me that he was more interested in getting credit than in debating with us. I would have liked him to have answered this question:


There is plenty of information on finance available on the internet these days, it's just a matter of a little searching, and the fact that the OP has not won a single merit makes me think that he has not contributed anything extraordinary either.

Thank you, and I agree with you on knowing the skills of your staff and workers, especially since you already know them closely. Additionally, the point about having a contract is a vital point as well, this will ensure that business is business and there are policies to follow, it also strengthens the trust between you and your workers (family or not).

I would suggest a professional in this matter rather than one's own self if they lack suitable experience. You can't just develop your own capital from thin air. You have to grow your money from what you already have, take loans from the banks if necessary or planned and then go public is the situation demands it and you have a high demand on the market.

This we can start from smaller ventures first, gain popularity through marketing and actually developing some that is useful then go for higher capital. It's a ful time job and no compromise should be made.

I still haven't been able to save anything. A few years ago I was fired from a job where I worked in my specialty, and now I can’t find another one. So you have to get by with what is on the supply market. It's very hard. The salary is very modest. Barely enough to live.
Well, under such conditions, how to save, set aside part of the money? Even if she is modest. I have not only to save, but to simply deprive myself of basic needs, but I do not lose heart and continue to move only forward.
How everything works in this life. One is given everything, and the other is trite nothing.

If someone currently doing a conventional job wants to establish a new business, they can do so if they have the financial management skills to do so. If there are any like the ones the OP listed, there are numerous methods for us to increase our capital.

The issue will be whether or not those who read the books you name in the OP are able to implement what they learn from them because they are open-minded to such issues. Can't we conclude that the majority of those individuals can only claim to have learned about money through reading?

I don't  think that developing a capital to start up a business has anything to do with education because we have many educated individual that are very poor and if you give them money, they'll prefer to eat and spend it instead of using the money for something that'll keep giving them more money like starting a business. The best way to develop capital is by investing the money you have to generate more money for you in the future because investment aren't stressful.

When you invest, your money is working for you so you'll have all the time to yourself to continue what you were doing and wait until the money you invested have duplicated to give you enough money to use it to start up a business or continue investing in other things.

Well someone who is already a professional may already have a lot of experience as a basis in himself, they already know the various conditions that are there and that they will experience, with that someone who already has experience will tend to be easier to do or live it. But honestly I think it doesn't matter if a beginner wants to try it, someone has to be willing to take risks if he or his knowledge wants to develop, and that will make them a professional in that field. But I also don't mean or wouldn't put too much pressure on them to do it, because obviously only they themselves know about what they want and what's best. So for them (beginners) I hope they look into the risks involved in the field they're going to do, don't be stupid, meaning don't just rely on courage but you don't have any knowledge.

I agree with what you mentioned above, there are already quite a lot of references that we can get to increase knowledge or insight, you can search from the internet or take special training that can be used for your basic knowledge before starting a business. What you have to have here is capital and also mentality, for capital as you said there are many banks that provide loans and for your own mentality please do as I explained above. Because it will be able to help you survive in this very tight business competition. That's right, start from a small business, if you see that the performance of the money you spin is good then you can do it with a larger capital from the spin results.

Maybe the research you did has a point. But do you carry out such research, to all groups of young people?

Because young people who are born are well off, it is really too outrageous if the gifts given are not put to good use in their lives. But what will happen to the younger generation who are unable or even deprived financially. Do you also include such young people in your research?
Because if young people have a lot of money from their parents' assets, and young people who are less well off financially, the response must be different. Because one has capital and one does not have capital. So in conclusion, what should be prioritized is young people who have capital, because young people who do not have capital will definitely not be able to save or invest. So even though have the desire, situation is financially inadequate.

These tips are indeed very good and very appropriate to apply to the younger generation. But the context of the young people you mean, seems to be young people who already have passive income. So for young people who don't have an income, it doesn't seem to fall into the category of tips that you provide. Because I see here you are leveling all young people. But even so I really, really agree with all the tips you give.

Learn not to force investment but look for gaps to use it and build discipline to reach the binding investment stage by remaining consistent even though it must start from a small capital. Make a reference regarding income and what percentage can be placed in investment without ignoring other needs, if you already have a much clearer formula, even though the investment made is small but over time it will continue to grow. The ease of undergoing investment is not in the big or small steps, but how you know the portion in accordance with the use of existing capital.

So that the investment that is undertaken will not stop when you get losses at the beginning and will remain consistent in maintaining it. Everyone would want a big profit when undergoing investment, but unfortunately there are many people who do not understand the pattern. So that every investment only rests on profits and never has a strategy to continue to collect it even though we have not obtained profits because it places a long -term pattern.

It is necessary that the capital works, because if the money just lies, then inflation reduces their purchasing power. Choosing a sound investment is very important in the long run, as it is just as important to keep it as it is to multiply it. If you take the right steps, then your capital will always increase, and you can even calculate the estimated amount of profit that will be received.

Investing is very important to guarantee our life in old age. If you are still young now, spend your youth, where your enthusiasm is burning and your body's endurance is strong, to deepen your knowledge, improve your abilities and earn as much money as possible. We need to do this and make the best use of it and when you get older, let your money work through the investments you make, so that you still have an income even though you are no longer working. In this way, to a greater or lesser extent, your needs can be helped in your old age and not make your children a guarantee for your old age.

Alot of people been chanced with the opportunity to make wealth through their decision on bitcoin adoption, it could be evident from those that earlier adopted it, you can imagine if some are still holding to this time, what it could have amount to, in business, we can decided to accept bitcoin as a payment currency, an asset or even investment that we can use to make the desired goals come to pass.


Most of the people who make loses could be attributed to their own personal mistakes or lapses, nothing is wrong with bitcoin, but there's much wrong with how some investors got exposed about bitcoin and how they can make the best advantage of using it for their profitabilities.

Actually investing is most important how to prepare with our future, but I don't fully agree with that opinion because not all money have to invest and we need to enjoy as much possible with our hard working. Many people priority for investing their assets first without enjoying with their achievement working full time and not spent yet their money for travelling or enjoying to make their happiness. Not push your self with investing all capital and seems 75% of our capital used for investing as huge amount.

You can't life with 25% of your capital actually when living in some country have higher life cost, spent about 30% of your capital for investment and left 70% use for your daily needed because your body need to enjoying after hard working every day.

I don’t understand you when you say, one has to work hard to attain the attributes in OP or perhaps that’s not what you’re implying.

Sincerely, I don’t think having to archive certain attributes to life has to do with working hard. It’s simply one having to be disciplined and futuristic about their planning that’s all. When you become so conscious of a tomorrow and realize the fact that, what isn’t invested has a potency for decline, you would think twice on how you use your generated funds. But, before you think of managing funds, you’ve got to have something going and you need capital for that. How do youths come by these capitals,

1. Legal means: This encompasses, grants, inheritance, working a job, selling some skill or course and some petty sales. Haven’t generated some funds, it falls to you in how to manage it for increase.
2. Illegal means: As much as it remains a not adorned aspect to generating funds, some have made fortune out of illegal schemes. One thing is for sure about this though, you often have a price to pay for it and the law is bound to catch up to you some day.

Capital can be developed through the effort we take to increase our savings avoiding the unwanted expenses. For now the best way I followed earlier is just set a target with some timeline. Within that I do the best avoiding unwanted expenses and reach the target. From that point I just use the capital into some investment. From the investment we'll get profit periodically and the same will be further developed as capital for further investment. Whenever we think about investment we should be good enough to limit ourselves from spending which lets us achieve our task earlier than calculated.

Yep, Bitcoin investment can be one of the options to make wealth. People can develop their capital by investing in Bitcoin. However, it requires time for holding and take profits. People who want to develop their capital quickly, can't take this option. Bitcoin is only suitable for people who has the intention for a long term target. We are holding at least 3-4 years for taking profits optimally in Bitcoin.

Anyway, applying Bitcoin for a payment tool in our business isn't that easy. In some places, it is still not allowed. But to use Bitcoin for an investment, I think it is mostly accepted in most places.

I think it depends on one's point of view. If it were me, I would spend 70-80% of my capital to focus on investing and try to endure for a few years. I mean, many people are focusing most of their money on investing but that doesn't mean they will spend their whole life investing. They will focus for 5 to 10 years to achieve success and then they spend the rest of their lives enjoying life. If your way is to only invest 30% of your capital, your path to success will be longer, possibly taking 20-30 years. Both have their pros and cons.

this is very useful op, in the business world you really have to be able to manage finances and also in my experience we shouldn't be wasteful and there has to be money that can be saved and indeed maintaining health is the main thing because if we get sick of course our money has the potential to decrease because it's used for health costs.

and in my opinion the most important thing and according to my experience is don't start a business using borrowed money, because if business uses borrowed money it will make us mentally disturbed.

Hiring people you know you can trust because you really know them is really a good advantage in business. Apparently, it will not be difficult to build a relationship and communicate with them. And you know, if you are the owner of the business, that they can do their jobs properly according to the skills that each one has.

And when the situation is like this, you will see that the flow of your business will be good, so the capital you used here will grow more because you have confidence in your staff that they will perform well and that their communication skills will be good with the customers that you will build. .  And when this is the case, I think it will have a good result for the future customers of your business.

Capital development is no different than asking someone how to get rich and in my opinion this is meaningless when asked here. Because everyone here is also looking for their own wealth, we are all looking for answers. There are countless ways to improve our finances and we need to experience it for ourselves to find the solution that works best for us. Just reading and following advice on the internet or from people who have not been successful will only waste our time. Each person will have a different path to success, so we need to step out of our comfort zone to find what is the best path, IMO.

Sickness is an unexpected thing for everyone, so everyone must have a level of preparation for this even though it basically has nothing to do with a business. Because someone who is running a business only needs to do their best so that the business can continue running and not experience losses due to things such as wasting money on things that are not needed for the business. Although everyone has to take care of their own health in all conditions and I don't think this has to be related to business or other jobs.

If the business capital is capital from the proceeds of the loan, I don't think only the mentality of the businessman will be disturbed. However, business development will also be disrupted and will not be completely smooth because the business owner has to think about paying off the loan when it is due. So for your experience on this one I also agree more because using your own capital at a minimum is a much better thing than borrowing from other people with an agreement to pay it off at a later date.

I wouldn't go as far as saying that it is meaningless. There is no guarantee that everyone here doesn't have their own wealth, there are surely members here who are richer than others, and they have the capability to share their experiences and advice with those who are currently going through what they already did. It is best to consider that some of us have been in the system for a long and some are just new here, hence experiences are different and therefore can be shared as others try to see others' perspectives to at least have an outside opinion of what to do and not to do. Essentially, while it is true that we have our own path to success there is nothing wrong with asking for other's opinions and insights from their own experiences as it sometimes allows us to consider possible outcomes of our actions and decisions.

The principle is the extent to which you are able to sell the products available and coupled with the amount of capital you invest in the business, the more complete the products you offer for people's needs, the greater the sales and profits you generate. This is a valid business formula and you will not have a chance to get big profits if you only rely on small capital in the business you are developing. Similarly, when it comes to investing in Bitcoin, it is more profitable if you have large capital, although there are certain ways that can lead someone to collect bitcoins and you also need knowledge of the right way to do it.

Talking about business or investment cannot be separated from the extent of capital you have because sometimes what hinders us from doing so is because of the unavailability of capital. We can develop capital with the necessary support and what we need to remember is that money is a resource that can make someone more optimal in generating large profits anywhere.

This may seem like good advice at first glance, but in fact I find it useless. The fact is that now the information is updated very quickly, new concepts in cryptocurrencies are added every month, and some abbreviations are replaced by others. And only the one who is fulltime looking for information in the world of cryptocurrencies is in the course of all changes. And books are static and the information in them quickly gets stuck. It is better to read the Internet.


That's right. And you start appreciating money only when you drive yourself into limits. When you know how much you are allowed to spend.
In another way, it is almost impossible to understand where you can spend more money and where not.

Reading books remains an important thing with the aim of increasing our understanding and thinking. and this is a very useful thing. However, it is not enough for us just to read books, but we also implement what we have read and about what we learn after reading as a form of actualization and as a form of knowing that we understand what we read.

And it's true what you say. However, that does not mean that reading books is useless and does not have any effect on us. And all the good things we do will definitely benefit ourselves.
It's just that currently, with the development and progress of the current era, it is not enough for us to just read books, but we also have to be able to absorb existing information and this can be done via the internet, so that we are able to answer existing problems.

Reading a book is really important for starters, as it gives the readers basic information or background about certain topics like about the financial management. Not only that there's a steps and tips to follow but once the reader absorb it, it could change one person's perspective and mindset by just having a knowledge. As times goes by really fast, there's a lot of new things and trends that are not implemented on the book which some of the advises are not applicable to the current time. Now we're in the era of technology where internet exist, you could just surf the web and you could also read some books online for free plus there's a lot of sources that you could rely on so you could have 2nd opinion on information you were looking for.

Yes, everyone has their own path to developing capital and becoming financially successful, but for me, reading and learning from the internet is not a waste of time, but from there we can learn how to achieve our goals. Getting out of your comfort zone is one of the steps towards success.

This is the same as the effort to maintain wealth is very different from the effort to achieve wealth. Achieving wealth has many paths, while maintaining wealth there is only one way, namely a combination of simple living and having fear. In acquiring wealth we must take risks and remain optimistic, while in maintaining wealth we must live more simply and have the fear that what we have accumulated over the years could disappear in an instant (not that it is stingy, but wise in spending money, it can easily differentiate between wants and needs).

Reading books is for basic learners only, and on average of everything we want to get from the book or the essence of what the author of the book wants to be conveyed by we can look for it on the internet, and if reading the book needs many titles about the same thing Because to show the correlation of business mechanisms or whatever it is about strengthening capital because usually every author has their own opinion about economic matters or about anything.

The method of reading books and information updates alone is not enough and not necessarily successful, this is indeed a benefit but not necessarily when practiced you can immediately get what you want, to accelerate this is by also practicing it or in conjunction with the effort you use, So that what is still from the information both from books or other media, but it should be remembered that every sector in increasing capital has different methods and principles, so you need to filter again it all to match what you do.

Doesnt really need to be a book which it could really be even just as simple as those informations that you could really be able to read around or on internet on which it would really be giving out that kind of idea

on how you should really be doing things but in overall which making use of your own common sense should really be enough.Spending up money which is really that more that on what you do earn?
You are just basically making yourself that putting up in danger in terms of financial because there's no sense on doing such thing if you do earn less but spend more. Capital is something that would
came from your own savings which would really be intended for investment and if its just less then it would be normal that you would be thinking that it should really be that just good on looking the business
at least having some progress. You can start small and make it big afterwards but results or outcomes would be entirely be depending on how well you do handle your business.

We know that it is really just that easy to make a business or investment but being successful into it would really be never a guarantee on which it would really be just that
understandable that results might really vary and some mix of luck on whatever things you are really that tending to do so.

Very helpful, Though there are many people who cannot save nor invest because they want to lavish their money in unnecessary ways, you know when it comes to money if some people have it they cannot control their self anymore until they see an end to it, at which point they will be thinking how do they spend it. This is why I want you to understand that not all of us are capable of saving money as thought. Many people earn money to solve the problem of the many challenges they are facing.

Most of people are still looking for ways to increase their source of income, but many don't believe in Bitcoin. I once spoke with someone who advised against investing in Bitcoin and suggested instead of him to invest in bitcoin he would rather waste the money on gambling because it seems the same way to him.

Yes, that's right, and indeed everyone has their own ways and perceptions in pursuing their dreams, and I think some of the advice that comes to them such as there are some who advise them to do something so that they can be successful like other people in my opinion it will not work, I mean they cannot process based on some coercion from others to be successful in the same field, because as I said above everyone has their own way of processing and obviously they will be able to achieve success if their strong intentions come from the heart with full sincerity. Well I agree with you, of course reading and or looking for many references such as from the internet is not a waste of time, because there will definitely be a positive impact, as we know learning is an action that always gives something positive to everyone. But again it will be useful if indeed the person knows how to do it and apply it in their life.

Obviously. don't think that after achieving success you will live a completely comfortable life, I agree with "maintaining is more difficult than getting" and also "the higher the tree, the stronger the wind will hit". So with these words alone we can conclude that the various tests when we are already at the top are not as easy as we imagine, if you cannot manage it properly then it is very likely that you will fall back down.

To add, you may also improve your skills in which you can offer it to potential clients. Not all has the privilege to have an amount for capital in an instant, and most of us are working to have it as well. There are many ways to earn such as offering your service. Basically it would all be sacrifices and patience if yoy want to establish a capital in order to come up with a business. A business would be nothing if there'll be no revolving fund or capital. These things run in a period. Lastly is it takes initiative in order to start something. In some cases  capital alone won't be enough it should also have hardwork, perseverance, and understanding where you are engaging yourself with.

Finding the right balance can take time and you should consider that while you're still learning so much in your younger years, it is the best time to take experiences. You can make mistakes, you can bounce back, you can heal quicker and all sorts of other benefits that you might not perceive. Making mistakes, while trying to keep them as small as possible, and learning along the way is an important part of life and while you can do research with the aim to reduce them, sometimes having a painful memory can be the best warning to avoid falling for it again. Like much in life, this can apply equally to finances, as it could to love, or friendship, or work and many other areas.

Okay, reading is not useful, of course. But it is not as productive as it is commonly believed today. I have read books by Kiyosaki, Kornegi and similar authors, but I can say that the information there is too stretched for nothing, and the main idea is always the same:

"Money can bring money. You need to buy assets."

That's all. Let it be a very key thought that has changed my life and my whole way of thinking, but it is enough. And if someone has very little time, then it is enough for him to read the thought above, and not waste his time to read hundreds of pages where this thought will be given in examples. With good thinking, the reader will understand everything for himself.

I have also noticed this. After reading a handful of motivational and self-help books (some centering on how to be a successful businessman/entrepreneur) I noticed how the hundreds of pages of the book are mostly filled with examples that eventually end up or go back to the main point of the book, and the thing is that point was already stated and carefully explained on the first chapter. I mean don't get me wrong, of course, it is always good to have real-life examples cited in the book in order to show just how relevant and effective the main point of the book is. However, having so many examples and realizing by the end of the book that you just spent so much time reading different stories with the same outcome only to go back to the main point of the first chapter feels unproductive to me. Human beings, especially those who have a set goal, can naturally quickly pick up things, hence I don't think it should take 20 or so chapters for us to learn something that will help us on our way to success. Reading books is useful, as it has always been, but there are instances that we should analyze if it is making us less productive.

Actually this has been answered with your previous words. that "Reading books is intended for basic learners only" reading books is an introduction for us to know and understand further things. Sometimes when we read a theory or an article on the internet we are not able to understand it. then this is where it is necessary to read books so that we are able to understand and absorb more information than just what is in the books we read. And this understanding can be created by reading books and the ability to absorb the latest information as a complement.

And I agree with what you said "that there is no result without an optimal process" and in carrying out this process requires a strong determination not to be shaken by existing challenges and a good understanding so that we are able to go through these challenges

You can tell that reading books is pointless, because you've read books. So reading is very useful and important. If only you had never read books, then you would not speculate and understand that reading books is useless.

So, you believe reading is a waste of time because the core principle is just 'money can bring money?' I'm afraid that's a fatally oversimplified view. Have you ever thought about the nuanced applications of quantitative easing, monetary policies, or tokenomics, especially in decentralized finance?

Take Bitcoin, for example. It's not just another asset; it challenges the hegemony of central banks and disrupts the monopoly on money supply! Your summarized thought would hardly provide any insights into things like smart contracts, yield farming, or liquidity pools. See, there's a whole universe of financial sophistication that can't be captured in your little quote

These aren't books; these are blueprints for financial autonomy. And pardon me for making your reading experience strenuous. I read everything, and you should too, for your own edification

If you dare, here is a place where we can grow our capital but with big risks. We know that trading fluctuating coins is a high risk for making a profit, therefore we have to really choose coins that have the best potential to really invest in. I think that's the quick way, if you want to be safer try to go to the real industry, there you can invest to develop your capital but with ROI in a longer time.

Absolutely right. I understand that for millionaires to sell their books is an additional source of income. But it is not necessary to smear the meaning on dozens and hundreds of pages. Maybe it's you and I, people with a high intelligence coefficient, who so easily grasp the meaning on the fly, and for simpler people a lot of explanations are needed - I do not know. But the main idea in the books becomes clear pretty quickly.
Sometimes I think that it is not the millionaires themselves who write these books. Rather, they convey the idea to the hired writer, and he already paints the details until the book is filled with volume.

Guys, do not think that I blame them, I am very grateful to Kiyosaki for understanding that full-time work will not make me rich, but assets will make me so.

One of the major problems with people who have money already is lifestyle inflation, once you earn a lot you will now spend a lot instead of keeping stick with your old way of getting savings you are now spending more and does not left again for savings. People doing a percentage of their money. They already computed the things they need to pay for a monthly basis and now they will make sure the 50/30/20 percentage, 50 percent for your needs, 30 percent for your wants and 20 percent for the savings, base on my experience I do the 35 percent for the savings and less for the wants because I'm not into a materialistic person, keeping for savings is the best. But this all depends on the current situation you have not all people facing the same thing.

Pay yourself first. Save for your future or invest in something that gives you slow but steady passive income. Don't go for quick money. It will lead to losses. I encourage investment because saving money will decrease in value over time.

Also knowing where your money is going is key to identifying areas to cut back. If you can identify every spending and make a list of it, you can either cut the cost or avoid unnecessary spending. We ignore many day-to-day spending without realizing that those are extra things. If we can save from this, we can invest that money in other things to grow it. It may seem a little amount but try it for 2-3 months and you will be surprised at how huge that could become.

One more thing I want to add is, don't borrow or take loans if you are not in extreme conditions where you have to do it. If you are already in debt, try to pay off the bigger amount first. And don't take another loan to pay off the previous one.

These are just simple things that don't seem much, but when put together they can create a huge difference.

Before starting, the principle that you need to apply is you know what you're up to and that's with trading per se. It's not an easy thing to trade, yes, we hear success stories of how people were able to grow their capitals and make profits out of it. But that's not the actual story that they've gone through, we just want to hear what they want to say but behind that has a lot of story before becoming successful.

Real estate industry? If that it is, many are agreeing with that. Another one is to go with the industry that you're very knowledgeable with, that's one fast track of growing and developing your capital.

Do you suggest to develop the capital by trading or investing?
Sure, no business has no risks. Both trading and investing have their own risks. But investing in BTC for a long term holding seem a bit secure than trading random coins. If we don't want to take big risks, it is recommended to invest in BTC and target for profits in the bullrun season. However, this requires few years to take the profits. While if we want to take profits faster, trading can be the option. But to trade crypto coins, we must have skills and knowledge. We also need experience to understand which trading strategy fits with current the market trend. So, it is not about dare or not. It is about our capability. Which one seems more suitable with our capability.

Trading and investing is the good way to increase the capital. However the very base for capital is through savings. Most of the time people doesn't have the habit of saving. To me savings need to be given importance same as that we give to any investment. The risk with investment is really big and so will be the profiting. At times we can't withstand the loss or handle the risk situation with an investment due to emergency need of fund. In such situation savings help us or help us on further investment as the savings can be used as the capital. Development of capital can be effectively done through savings.

not sure here if you are truly mean that , SIMPLE STEPS? do you really understand how hard to follow those?
maybe one or two is simple but following everything is truly hard.

that really help if being followed , but I doubt that people can complete all of those.

I believe OP isn't fully telling us that we should follow all of these steps simultaneously. We all have different statuses and situations so some steps are easier than others and I'm sure we all understand that. Moreover, let us not forget that OP is only sharing bits of advice and opinions that anyone is free to follow or ignore. It is a demand or order that we have to do as OP has no control over that so let us not be rude about stating that OP does not fully understand his/her post. Contrary to your reply, some members have already replied stating that OP's post is a good reminder for them on what to do and not to do, and they didn't even have to follow all of those steps, all they needed to do was to read OP's post and that is about it. Moreover, personally, OP's suggested steps aren't even that hard, if you think about most, if not all, of those steps are connected to our own mindset and attitude. OP's not asking you to save and invest 50% of your income, he/she is just suggesting a change of attitude and mindset towards savings, spending, and investing. Lastly, those suggested steps aren't even new, a lot of members in this forum (if you look at their replies) are even already applying that long before this post and they are even sharing their own experience as they do those things.

Let us be more understanding of each post and comprehend each sentences better before we make any comments please :)

There is a level of human ability that lacks perfection to do that simultaneously. Running a business, saving and investing will actually make them unable to focus on goals because they have to share their time so that in the end they will act beyond their capabilities. Carrying out all the points conveyed by Op is really difficult for most people and I agree more with the simplicity you mean.

Prioritize what you want to do first and once you have achieved stability then continue with other desires, but it comes back to each individual and if they are able to do it simultaneously it will be much better.

Just assume 50% are unable to do it and the other 50% have done it. It's much easier to understand because some people are capable of doing it simultaneously, take the example of several people who have done it simultaneously.

Many traders fail to understand all the investment to any good cryptocurrency was their assets.Many people are not ready to save their money and worry at the needed time,because we don’t know when we get medical emergency.I had learned in many ways,at many of my emergency.Then,I had moved to the other way of the road.From that day,I had started to save every day and week.Now I was some how self sufficient in money and lending my friends who helped me in the hard situation.The investment in the trading may seems not necessary,but it’s essential one.

If you have money for a new establishment, try to stay focused and maintain a business plan, organize a strategy and remain focused with what you do without having some aspects left undone concerning the business development you raised, developing a capital is something that need more of our efforts ensuring that we did not loose, instead, we are prone to diverse business strategic positionings that could help us achieve our best in every efforts on the business capital, being always available in running what we do.

can't sweat about the fact that there are so many people out there missing their opportunity of once in a life time in term of investing just because they aren't daring to make investment and instead hesitating a lot so I guess mental
fortitude to take the risk is also biggest contributing factors that would determine your success in trading honestly.

although many have said that trading requires knowledge and skill but i think luck also have big role here that many seem to be underestimating, meanwhile i've seen many comes out success solely relying on luck.
overall with trading and investing in general, the will to take risky decision is always essential, after all, things will always looks grim at the start if you try to find best entry because best entry is when everyone else is against you like dumping their coins and you're the one that bags.

It is true that taking risks can lead you to immense success and sometimes you have to rely on luck for that to happen. However, we all face different situations in life that develop different perspectives. In my opinion, although I agree with you that risk and luck are important factors in being successful, I think it usually depends on a lot of other factors. For example, if an individual's money is limited for starting capital, it will be too risky to rely on luck and invest it in something with has no guarantee of returning with a big profit. In any case, if the investment fails, said individual will lose not only the starting capital but the planned business as well. On the other hand, there are instances that risking it and relying on luck can be the best step, especially when you feel like you have nowhere else to go and have no other good choice, it is surely much better than doing nothing and trapping yourself, having a 50-50% chance of earning and getting profit is far better than a 0% as you do nothing. Hence, again, it depends on our situation and how much we are willing to rely on luck, or if you are going to be smart about things by relying on your own knowledge and research while holding onto luck at the same time.

No one has yet ruled out the occurrence of force majeure situations when a sudden large amount of money is required. So you have to spend all the capital that was set aside in the form of savings. Can't this happen? Yes, there are times like this quite often. Nobody is immune from this.
You have to start all over again, and this greatly affects the emotional state. It seems that the whole world has collapsed or it is unfair to me. He does not immediately recover from such processes. It takes time and rethinking all of this.

Saving should be compulsory part of life because if we regulary spend money without any saving then it will become burdensome for us to control harsh situations. All those individuals who are not interested in saving needs to take loan during emergency as they don't have any amount with them.

If a person is afraid of investment then saving will be better for him but it is necessary that if he is getting income so planning should be made according to which percentage should be fixed to save as an amount for emergency fund.

And even if you follow all those steps there isn't any assurance you are going to develop your capital considerably. The point is that we need a large source of income in a monthly basis to make some considerable financial progress. The gurus and coaches who promote those methods are successful not because they follow those steps, rather they are successful because they make huge income from the public they sell their products to.

This way it's easy to have a luxurious life. The real difficult would consist in having the exactly same tools their public have to grow financially.

There is no easy way or guaranteed recipe to develop your capital. It will be different for each person. What I can say is that in a globalized world social skills and digital marketing are a must in every professions. If you want to be a demanded professional who will have raised wages, you must invest on those items for your life.

Well that's right, like you said it's like a mandatory part of life, it should be like that. When you have extra money from your paycheck outside of your kitchen needs then it's better to save it, we can't guess or know what will happen in the future, so it's true that it will be very useful and will help us in the future when we are in a very urgent condition rather than you buying it into something that you don't really need at all. But yeah it seems like a very difficult thing to do when it could be the best solution, but yeah we can't force them to save because it's their right, we can only care and suggest a little.

Yes it's true, even though investment looks more profitable but well there is also a huge risk, but I say someone must dare to take risks if they want to match their expectations or get benefits, and it's true that there is no other alternative that can be taken except saving. Saving or investing? Well that goes back again and depends on the person's ability.

I will try to understand this but a lot of your text contains grammatical errors which make it hard to understand. I am not sure what you mean by "it kills capital through the lack of wisdom" How exactly?

Anyway, hard to understand text aside, there is only one real way people can develop their capital efficiently. They have to go through a kind of education first. The lesson they need to learn can be learned the hard or the easy way. Either way, that education will be one that is taught by your own past mistakes or its something that you can teach yourself. Most people make mistakes and pay heavy prices for those mistakes in order to learn the hard lessons. Others have the vigilance to do self-research and learn for themselves.

Either way, both of those individuals will not repeat the same mistakes as in the past. And they learn where to invest and where not to invest.

Well, you can't really spend a lot of money on or for yourself when you have a family and children since you are the one who will need to make sure that your family, especially your children, have a secure future and they don't face any hardships if you are not around anymore. Your investments might not be able to get them to spend the rest of their lives off the earnings of it but it will surely give them a kickstart right before they can actually get settled themselves.

Traveling, spending money on things you love, going out all the time, and enjoying life, all these things are mostly for those who are bachelor and single, once you get married, your priorities change, you will change, and you won't be the same person that you've always been again because that's what you need to be doing once you got responsibilities to take care of.

There should always be a balance and in this case I also have the same thoughts. We're investing for a better future, that's definitely going to be our goal, and that doesn't mean it's at the total expense of our current situation right? We still have to enjoy life, and maybe what's different is that we have to push that number a little bit for now in order to invest. We also need to reward ourselves for a hard day's work and there's nothing wrong with indulging ourselves once in a while. The point here is that we should still be able to enjoy our lives now, without forgetting our future, that's our goal right?
let's toast

I agree with you strongly. Life is just a world wide west, nobody knows it all, policies evolve with the invention of new occurences. Strategies that work also have exceptions that will sweep you off your feet even when you least expect it to.

We prioritise savings at all times but we have to revisit the best approach to this on an individualistic basis.

Well it's true I agree with what you said above, balance can always be the best in any matter especially in life, well I understand investment is one of the good alternatives for us to achieve something big in the future, but you also have to see where your abilities are in this field. So the first thing is always balance between your income and expenses, you can start investing but with a small amount and don't let you have no money to eat by allocating everything to investment, it's not bad but you also need costs to live now. Like you said it's a bad choice if you sacrifice your current situation, you're struggling and then you create new problems? That's too much even though the goal is good.

So the point is, it's true that our lives must continue but not by forgetting the future, choosing to live simply is not bad, buy something that you only need and don't follow your ego too much because it's just a desire not a real need. and with that you can allocate a little of your money consistently to invest as your savings to enjoy in the future.

To progress in life one must focus on increasing one's capital. How to increase the amount of income compared to expenses should always be kept in mind and then spend money. You have to think about the increase of money by using the money. If we are involved in only one workplace then we must find multiple workplaces. When you have multiple jobs or sources of income, you will see a good amount of money being deposited in your bank account at the end of the month. If our income is limited then we have to save money by spending from the limited amount of income. If we don't learn how to save money, we can never grow our capital. Unexpected costs that are there must be avoided and accounted for only then can we grow our capital.

Not all life is western, although most people prefer to use western methods in their lives, but over time there will definitely be changes in every life when there are better and more profitable ones to use. This means that every new invention that has been developed is also based on the inventor's thoughts when it is considered that it makes it easier to live life with conditions that often change. So if you find any exceptions in carrying out a strategy, it is only to ensure that the strategy can be successful.

Prioritizing savings in life is also a highly recommended strategy because starting from this you will be able to give birth to other new things in life. So this is important, especially if you want to review it before making savings so that you will know what things you can get when you start prioritizing savings in your own life.

If we already have a business that is running well. So all we need to do is keep our business running consistently. Currently, competition in the business world has actually become fiercer than in previous years. So if a business can survive it is already a good thing. And if a business can develop rapidly in the current economic conditions then that is actually something that is truly extraordinary. Especially if we are able to develop our business by opening new branches. So that's an extraordinary achievement. But personally, if I had a business and had more money to open a new business. So I would prefer not to open a new business yet. I will focus more on the business that is being run. And keep raising more money. Until we have more spare cash.

As a financial advisor I'm dealing with peoples personal finances on a daily bases.  One of the biggest and most overlooked aspects of ones financial situation is the lack of running a simple budget.  This is the ultimate way to make sure one is investing as much as they can be for their future retirement.  It's amazing how few people actually run a monthly budget. 

I agree with much of what you said, study and educate yourself.  Be active in learning!  They really should do a better job of teaching basic finance in school!

Basic finance teaching in school? It would really be only dedicated into those courses who had this kind of field but in overall essence which these information could really be acquired without needing to go to school.

Internet is free and you could really be able to make up some searches if you do like.It is really just that a matter of acting or doing something which would really be that able to help you out on realizing or learning up new things. We know that developing your capital or simply having a business and making it successful would be always a tough challenge for someone to have which not all do end up successful and some of them would really be having the taste of failure. This is why that it would really be composed by lots of trial and error i should say when it comes to this. You cant really that making yourself that able to succeed if you wont really be doing something.

The most important thing on running a business is that you should really be knowing those incoming and outgoing transactions which you should really be focusing on having that more incoming
than on expenses. Trying out to figure on whats best for your business which you do see that you do able to make some progress and better focus on that.

I agree, because I am facing the same problem everyday. I cannot manage a simple budget that's why every time I got a salary I will let my uncle to manage the portion of my salary and he will budget it for the whole month. I am having a hard time always to breakdown my expenses so I decided to track it in notion for me to help myself and be more organized than before.

Why not push yourself to learn finance management? It always pays well if we invest in ourselves.  It may take time to accustom ourselves to financial management but once learn, you do not need any third party to manage your money for you.  Since not all the time you are with your uncle, one way or another you have to part ways especially when you have your own family.  So it is better to learn how to manage finance now and you can even get your uncle's insights and advice as you learn to manage your own money.

Indeed. Both savings and investment are necessary. People who have no savings, probably have bigger risks on their money management. When the investments fail, they will be difficult to survive. Sure, no investment has a guarantee to succeed. There should be another option to secure our future. Savings is absolutely the best way if we want to guarantee for reserve money.

If people aren't dare to take risks, they don't deserve to take any investment. Investment is only for people who believe and brave on it, it is not for people who always doubt to do anything. Instead of joining investment, it is better to stay away from any kind of investment. There will be no success for the type of those people.

Luck always has a role in this life. But the knowledge and mentality become the reason for someone to get more luck both in trading and investment. If someone doesn't know to trade or invest properly, how he can get a luck?  ???

I personally want to buttress on the fact you said some person's could slightly work or luckily make a huge amount of capital finance and sudden to run broke of finance and or their resources..
This is personally your own cup of tea because it is their decision. If your money acquired is not projected for an investment, it would never be for investment.
That your morning comes only when you are ready and when it comes, it would come with a good tidy.

People goes broke like that when they are not concious of tomorrow probably they have a reliable source of money as a reliability yet they fails to look forth what tomorrow has dependent and independently.
Many feels as easy it came today would how continuesly.
But if however it keep coming stably as expected then investing is however a compromise.
About one losing to his/her resources, this is as base of lack of management, lack of resources structures and  knowledges,  unlimited cut of expenses and the unreadiness to explore.

So the point is that we should not have the wrong mindset, even though it may have a good purpose, but when it causes problems then it is not wise either.
Before we do something, we must look at it from all directions or from various points of view, and we can do that by asking others or asking for input or advice on what we should do. Investment is not just buying some money in certain assets, but there will be a lot to consider. Investment is also something that looks easy, right? but in its application there must be a point where we consider one thing with other things so that something we do is not right later.

Point 8 is the most interesting for me, yes. Health is something we have to take care of, meaning a healthy body will give rise to a healthy mind in investing.

Why am I telling you this? Try paying attention to current market performance. The more they enter the market with the expectation that the price is very cheap for now, then they buy after a while, the market corrects again and makes the price fall even further. For those who are not used to it, it will make them confused and even more confused, which in the end will affect their health in the end, especially when they use money for daily needs instead of cold money.

From point 1 to point 7, everything is related and interrelated in developing capital and making money. if we are serious about implementing it, of course.

At present most of the youths are most unable to accumulate their capital because they can never observe this properly. The steps taken by the youth to earn their money are lost and spent in various ways. When a person has money he spends more than he needs and once he finds that he has no money he becomes destitute. And some time spend so much money that the saved money is spent and it develops negatively. So saving money and not overspending if they create a capital where people's money will be useful for future, would be a good step. Moreover, if you keep investing, it will be possible to earn good income in the future, so good strategies should be adopted so that a person can preserve his capital well.

Yes, that's the point, the goal is good but we also don't overdo it or be too ambitious to do it because we see such great benefits in the future, as I said above don't let you sacrifice everything and then have no money to continue living, your goal is good but the way you do it is wrong and it's just like you want to create new problems in life. Yes that's right if you are very adamant about investing but don't know how to balance your money then it's true that you can ask to find various references related to the solution to the problem of dividing your money allocation, such as you might be able to ask your wife or your colleagues who are on the same frequency with you. Yes, it is very clear that it must be fully considered because okay maybe you focus on the benefits but you also don't forget the risks, big wins are also always followed by big risks, so don't let you regret it in the end.

So actually the point is if you want to stay calm in investing then I strongly advise you to use money that you would not mind if in the end it was lost, so that your mentality is maintained in waiting for the final result, that's all in my opinion.

Now it might be true that most of the youths are like this, as they prioritize spending more on what they see as needs instead of focusing on preserving their money and making it grow through either investments, business, or doing more work, however, we should not ignore that a lot of youths are also focused on building their own businesses or making money through using technology and the internet with its various potential.

Let me take an overview of the number 8 which you mention of "Save, invest and take good care of your health" especially our health. People fails to understand how important our life is, there is a popular saying that says "Health is wealth" but some people most times overlook this area of our lives only focusing of investment. To cry loud, how do you enjoy those money you are saving without a proper or sound health?
The answer is simply No because life without lives is lifeless, in as much as we are planning to make wealth or to build a generational wealth we should look at our health as well at least visiting the hospital to see our doctor in every month or Quarterly.

Every person faces such problems at some point in life. Anyone can get themselves out of such problems with proper guidance. If we do not develop a certain routine in spending money, we will never be able to control ourselves from unwanted spending. Each month we need to make a list of what we can spend and where we can spend it, and according to that list we need to spend our money each month. It is normal to spend some extra money every month out of the list but it is never normal to spend extra money every month out of date. Even if we think about our career, we need to cut down on extra money.

I think this also really depends on the environmental conditions faced by every young person today, because some young people who still spend more money to meet their own needs are young people whose finances are not yet sufficient in life. So they continue to strive and always try to meet their living needs first before doing other things such as investment and business, but some young people who live at a certain financial level will definitely focus more on their work such as investing and doing business. They do this in order to earn more income by utilizing current technology.

The environment really matter because it influence someone life that it make you behave like other people in the society. In times of spend home training also help because if you have home training even the environment influence will not be100%, a good parents can not see they children spend anyhow and they decide to them. Even though they don't think of any investment but also supporting the parents financially is also a good way. His only God that can saved youth with money.

In other words we are trying to talk about long-term investment because you mentioned the level of influence of inflation in it and if you place money in the wrong investment, the money will depreciate over time. That's why choosing bitcoin is much more secure compared to placing altcoins in the assets we own. This method can increase profits and someone can continue it according to their wishes in generating profits.

The first step that needs to be taken is to verify what investments can produce profits in the long term because perhaps not all forms of investment are good for the long term and especially if they are linked to achieving maximum profits. Life needs to be prepared and that is how a person wants to get pleasure in old age, investment, business or other things that can make money will not be achieved if someone does not prepare.

At this stage the extent to which a person can take advantage of opportunities and the availability of investment or business cannot be done immediately if they do not have knowledge or experience. Capital preparation, skills and the courage to take risks are ways rich people can grow healthier finances because no wealth comes by itself without preparation.

There is no doubt that having complete knowledge about how to participate in investments is very important. Not all types of investments can be linked to long-term investments. Our aim is to get good profit, if we get good profit even in short term then we should take this profit immediately. I think there are people who invest for long term as well as short term.

Knowledge and experience is an essential factor for any business because without experience and knowledge the risk of loss in any business you go into is high. You are right that no business can be profitable without preparation. Long-term investing is not about entering the market whenever you want, but choosing the right time.However, whatever the type of investment, we should focus more on our profit,because everyone's goal is to make a good profit.

I agree with the advice given by serjent05. Because in the end we are the ones who have to manage our own finances. Because sometimes we shouldn't always bother other people. Even if it's our own uncle. So starting to broaden your horizons by learning about economics starting from financial management is something worth trying. I believe you (molsewid) can do it. Because I also have an acquaintance who initially had difficulty managing finances. In fact, he even studied economics. But he lacks discipline in financial management. But he kept trying and trying to manage his own finances and well now he is much more reliable. Sometimes the inability to manage finances does not come from a lack of insight. Sometimes this can also arise due to lack of discipline in our own lives. And lack of discipline arises due to an inability to control our emotions. So my advice is to also study economic psychology and emotional management. Because sometimes managing finances is almost like managing in trading.

I agree as well. Sometimes there are instances that money comes in just a short time of investment and sometimes it will take longer than we planned. There are different types of investments and they also require different amounts of effort, time, and capital. These different types of investments also cater to different types of investors depending on their goals and what they are willing to bring to the table. Some investments don't suit others while some do to a degree that investors just stick to that investment for a long time with how much it matches them and their planned path. The point is an investor we have to know what kind of investments suits us by knowing how much we can invest, how much time we want before we can see profit, how much effort we can give to take care of that investment as well as how big of a profit we are expecting to meet.

No matter how hard you work, if you are unable to take the right action or make a decision, you will never find the good side Never take things for granted Take all tasks serious.Don't pre-conceive results in any work. First invest, then think about the results and take it smoothly today. Then capital Don't run after anything in life you will be caught, and you will fail because you have to think that your life is just chasing after money first and not ending your life, hold on to your existence first. Don't squander your savings. Be polite to people you know, and your capital will last.If you don't have enough opportunities to save or invest yourself, prepare yourself by buying the tools or necessities to invest.Follow honest and successful investors, and you will become a better investor If you consider capital investment by dishonest means then you will also get capital, but it will be illegal try to stay on honest path.Don't just be one-sided behind investing you have to work with it because nothing can give you 100%.
Finally, some words don't look down on small savings or Binary then you can increase your capital and when your mind is big your capital will automatically increase and if your mind is small then you will leave everything.Don't miss out on achieving everything in life, make some investments for future life Be aware and try to invest in health education and yourself and yourself instead of spending on luxuries or other luxuries.Effort Confidence Innovation I think your capital will grow and grow only if you make yourself aware of low spending to income ratio etc. Will do if you try.

Times have changed and been a youth is not has easy has everyone is thinking, especially when you done with school  its very challenging. The problem is not about observing but the question is were do start gathering capital from, not that you can rely on government for support or anything, but you can get loan or get a job and save no matter how little it is, but it won't be easy because of the expenses  are just too much. Saving and not spending is that even possible, like I said earlier just look for small investment to safe up at least working and your investment double earnings. Little beginnings are also appreciated.

The spending increases when one have got good sum of money. By the time we should also think why the spending increases when we have big money. The major reason I understand is the increasing price, which means we're experiencing atleast 50% rise whereas the salary rise is to the maximum 30% and this difference is felt when a person spends. What can be done, save as much possible through all possible means. Apart from this we should find ways to generate passive income.

But at a young age it is quite difficult, only a few people can do it, young people are usually more interested in the hustle and bustle of the world full of hedonism in their lives, especially those who have a lot of free relationships, they will put their prestige and desires first.

Instead of saving, I think it's better to invest, a little at a time to strengthen capital, saving is only for an emergency fund budget, for example, like when you need it quickly. Especially at this time and bitcoin will be halving which will cause price increases, of course this is a very good momentum in building capital through bitcoin investment, this is not easy if it is only on bitcoin, maybe playing on potential altcoins will increase profits and build capital to become more developed.

It is in accordance with accuracy and we will get this opportunity if we are able to see the potential in it, while knowledge is the direction that will provide a way into it. The investment objective only talks about profits and if the concept is set to produce short profits then it is also good not to miss it even though the amount of profit is not too big. Of course there are people who take long or short term patterns when investing and it depends on the strategy they apply to generate profits.

On the other hand, when we talk about business and if we don't have knowledge, it will be very impossible for us to achieve success in it. Whatever choice we make, the most important thing is that we have to know it first, when we know the pattern and method it will be easy for us to implement it, let alone talking about minimizing risks and of course knowledge is needed to assess and what steps to take.

How simple it is for you when you rely on the state for at least something. From Russia it only takes every penny, and does not help, since the mafia has come to power, which seeks to provide only itself with a luxurious life and its offspring. I haven’t even received a penny in my entire life, and you’re talking about some kind of help. It is possible that you are doing much better in this regard, but I have to survive in this territory.
And where can I get a small portion of my income to invest? There simply isn’t enough for even the most basic necessities. You have to look for different ways, this is how the investment process should be. This is the only way to change something in your life.

It also depends on our profit target. Every trader should choose a target in his mind where he can sell his assets and make a profit. Most of the people who invest in short term sell their assets after achieving small profit target and long term traders always invest to achieve big profit target. Of course, there are different types of investments that require different amounts of capital and time.


People who want to get quick profit can never invest for long term, and the most important thing is always to invest the amount which is more than you need. Of course, before making any investment, it is very important to know the amount allocated for investment, the time required for investment, the method of investment and the type of investment that he is making. The main reason is that a good investment strategy can give us good returns.

When you know the differences and the right steps to take, it will be easy to make choices, both short term and long term as to the investment strategy you choose. However, don't forget that certain coins have different levels of suitability, both long-term and short-term because not everything is worth doing with this strategy, except when it comes to bitcoin which has different abilities from other coins.

The level of profit will be in accordance with the amount of capital you place, for example if you approach investing in Bitcoin as a short-term investment, then to generate profits it will also follow the capital we place and if the capital is small then automatically the profits will also be small. This is different from implementing long-term investments because we have the opportunity to continue to increase the amount of bitcoin ownership by using the DCA strategy or buying when conditions are declining.

This is what makes people prefer long-term investment in bitcoin, especially for some people who have small capital to invest. In the end, we will talk about how to take advantage of opportunities and from there we can determine the investment steps and paths that we take, as a form of getting maximum profits from the investments we choose.

Well, where can you get these same funds for long-term investment? Is it really possible to deprive yourself of lunches and then use this money to buy assets? A strategy is only needed when there is at least some capital.
When you have to simply survive, you somehow have no time for all this. Every penny counts. You even have to borrow to meet your wages. With such initial data, such a promising picture of the world does not really emerge, where there is a trading strategy and similar things.
We need concrete steps to accumulate initial funds, and then everything else.
For example, a person may well give up some bad habit and save this money. Walk to work, if not that far. Instead of a car, buy a bicycle and so on.

I think the main thing is to be truly brave in investing. this is business. Talking about capital and losses is something we have to go through. If we are stuck, we only collect money and don't dare to take risks in investing, it will not return our capital, let alone grow. try to start small and try to research and learn what is profitable from here.

Making capital is a very difficult task. It requires great patience and enthusiasm.  Proper use of money Sharp intelligence and proper need of money help people to build capital in large scale. Again throughout the life one should not only build capital, but also think how to generate new money from that capital. If a person has more expenses than their income.  But he can never capitalize.  And we know that enough capitalists cannot think of any business

Respect is given according to who has money at the moment. The better off you are financially, the more people will respect you, so there is no room to develop your own capital. To develop your capital you must plan properly and move forward according to the proper plan. One should always find alternative ways of earning money as well as thinking about how to retain that money. In order to develop our own capital we need to control the excess expenditure. There is no need to spend money unnecessarily, the money you spend unnecessarily is the money you save. The amount of money you used to spend unnecessarily every day can be seen if you save the amount for six months or a year, at the end of a certain period. It will be seen that a lot of money has been deposited in your account then you can invest that money in some other business and your capital will be more likely to develop.

Take it or leave it, financial strategy in a child's life started from their parents, there are some things that I have learn from my parents since the very small age, this has everything to do with saving and management of money, I learned this personally from my father, He taught me about investment and how to easily save money and I grew up with this state of mind and that is why I find it very easier to invest more than I spend in my life today, that is why I believe that how we are brought up will have a great impact in our life as we get older.

Many people are fortunate enough to make money and and some are just lucky about it but they are not capable of managing the money that is what leads to their downfall honestly we need to start teaching our kids about Savings and Investments, I know that investment is far more better than savings but savings has his own advantages for example like emergencies savings will keep you away from some emergencies because if you don't have savings the next thing on your mind will be your investment, with savings, your investment will be able to breath for years.

It takes a lot to engage in this investment plan of a thing. Many think coming out to give advise on how much to set aside for investment is the solution to curbing poor capital or lack of funds. Situations where the advised can barely feed or solve their basics needs what then becomes the investment plan of such individual. Giving investment advise should not be a randomly talked about topic because we don't know the financial ability of those advised, Instead if there is anything about capital and funds to be talked about it should be rather be how to start making the money that will raise adequate capital for investment opportunities

There are only two types of people in this world or the era we are facing today: the rich and the poor. As the saying goes "The rich get richer and the poor get poorer". But there are poor people who persevere and find a way to get out of poverty. And what others do is take the little money that other poor people have and try to grow it by setting up a small business. They try to grow it even if the income is small at the beginning. As long as there is a profit that comes in, it is not impossible to eventually get out of poverty. But great patience and sacrifice are needed to face this matter.

Yes you are right the main problem of today's youth is to develop their capital in the stock market or crypto trade whatever you said .  Creating capital and developing capital are two extremely difficult tasks. It requires knowing the business strategy. Now if a person invests capital without understanding the market conditions, he can certainly face losses.
Carelessness, lack of proper  knowledges\intelligence, and unplanned capital utilization are the causes of capital.  Continues development.  We can say that investing in the right place helps a businessman grow his capital. Again one should always think only about capital growth and also spend it for his own pleasure.  But again the expenditure cannot be more than the income.  To be successful, so they all  should consider all aspects and take steps.

The journey of a person's life is like a cycle, nothing is static and every time there is always something new, the same applies to a person's economic level. In my opinion, rich and poor are just a matter of level and the cycle of life will continue to turn.

People who have low economic capital (poor) will of course carry out their business activities according to capital. And it is very true that they started with a small type of business too. But it could be that if there is a change in one area, for example there is new development in a poor area, then of course it has a big opportunity to develop its economy even bigger.

So I believe everyone has the same opportunities in the economic field if there is the will, work hard and work smart.

That our childhood experiences impact our adult decisions is obvious. Saving and investing were your father's lessons, which helped you become financially solid

Insurance is another crucial financial instrument to consider. You just mentioned saving and investing. Life and health insurance can protect you from having to spend your savings or investments in a pinch. They shield our finances and ensure our assets flourish. Parents can teach their kids about money in a more complete way with these tools, ensuring they are competent at both making and managing it

Well, the statement that says rich are getting richer is completely right but some rich generation today are not rich as they used because either the person that amass the wealth is dead and mismanagement of the heir destroy the chain or the person who amass the wealth became relax and today, they don't have the type of wealth they used to have. The only thing they have in their wealth that makes way for them is their names, there are popular people here in my country who were once regards are wealthy people but today, they dobn't have much and not poor though, just like middle class people.

Things that were sold yesterday for one cent are sold 10 times the original amount and this is nothing but the work of inflation. To stay out of this shame of becoming poor, you must continue to strive and work hard and hope that your inheritance are fairly manage by anyone who takes next your wealth because the dead can't do nothing after they stop breathing.

When tending to make yourself getting involved with some investment then it would really be just that a normal approach or standard thing that there should really be that kind of study or research before you would really be making out such step since we know that this would really be costing up money  and time for you to be able to start or deal with.Its true that it would really be always that important on looking on something that would really be fitting out with your interest and not really just that making investment just because you've seen others been successful into this field because this isnt how this investment world works because success would really be able to determined on how smart or wise you are and a little bit mix of luck if we do speak about being successful.

You wont really be able to progress if you wont really be taking any steps and this is really that the standard thing when it comes to business which risks taking is a must if you do want to have
progress in your life or having that plans on getting into this venture although not all would succeed but at least you have really tried on taking up that step
for the good or better.

We often see mistakes in managing assets that have been left behind by people who have died, perhaps they are complacent with what they already have so they don't manage well what their parents have left behind and they realize it when everything they have has run out and they have nothing and they have to do any work to be able to meet their needs.
This could be their mistake in educating their children by pampering them and not teaching them to be independent so they cannot develop what their parents have so we need to learn to be independent even though we come from families that have a lot of wealth because no matter how much wealth people have The old things we leave behind will run out if we can't manage them well.

I see many poor , who are poor because of their poor mentality. They make decisions like a poor person. They take loan, they take motorcycle on monthly installment. They save their money and do not invest. They take house whose rent they cannot afford. They are financially illiterate. They do not focus on their mistakes that were made by them. They do not develop learning habit. They do not read books on financial wisdom. They take liabilities, that take money from their pocket. If they have their own house to live, they say that this is an asset a nd should be biggest investment for them. They do not work on skills. They waste their time on social media. They are available on every social media platform being a user.

Maybe you're the only one who often sees people like that in the area where you live, because now I've started to rarely see people having fun with the wealth left behind by their parents except to put it into a business that can give them gradual profits. So it can be said that not everyone will do this with the assets left behind by their parents because there are still many people who are aware that finding assets is very difficult nowadays.

Mistakes in educating a child often occur in life, but not all parents in the past have made the same mistakes as other parents so that currently there are many parents who learn from other people's mistakes in educating their children so that not too pampered. Because excessive spoiling can also make it difficult for a child to become independent when he is an adult, so mistakes made by other people can also be a very valuable lesson for parents who are still alive so that they can teach their children well enough.

This is a good take. Sometimes being poor doesn't necessarily mean you're lacking financially, but it can also be about poor mindset and a poor habit. In order for us to avoid such things, we have to invest on building a good financial habits. To achieve this, the first thing that you can do is to have yourself educated. There are lots of resources especially in social medias which teach things about financial literacy. Doing this as your first step can mean a lot because if you're knowledgeable enough, you can never go wrong. Another thing you can do is to set your own financial goals, it's better to set a long-term goal as it will benefit you in the long run. This brings us to investments, which is I think the most important key in achieving financial independence. And when I say about investments, I'm not only referring to businesses, but you should also invest on your health, education, or even retirement.

It cannot be denied that we often encounter such habits in our own environment. Yes, including in my environment. I have come across many people who do things like the ones you mentioned. And this really comes from an incorrect mindset or could be said to be a poor mindset. But I see that habits like this are now mostly carried out by parents who previously did not have enough knowledge about finances and technology. In fact, I see a lot of them wasting time commenting on social media without a definite purpose. But I see the positive side shown by the millennial generation and even younger ones. Many young people actually seem to be lazing around and lock themselves up in their rooms. And they are constantly connected to the internet. But it turns out that behind all that they have a rich mindset. Well, they run an online business and make money through various social media platforms. But sometimes their parents don't understand and blame the younger generation because they seem lazy. Even though they are developing their business through online media.

If we have a rich mindset. Then everything we enter can be used as a means to make more money. But if our mindset is not advanced. Then we will only become victims of social media addicts who cannot make a profit. Mindset is indeed important capital in financial progress.