How to developed your capital

[FiveG]

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?

[Rruchi man]

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.

[mu_enrico]

I took time to research and observed that 75% of youths their problem is inability to develop their capital in capital market

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.

[EarnOnVictor]

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.

[slapper]

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

[NotATether]

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).

[Fiatless]

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.

[livingfree]

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.

[zaim7413]

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.

[Frankolala]

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?

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.

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

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.

8. Save, invest and take good care of your health.

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.

[bayu7adi]

7. Admire other people success and think where you're going too.

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.

[BALIK]

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.

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?

[icalical]

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.

[CODE200]

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.

1. Don't spend more than you earn it kills capital through lack of wisdom

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.

[edy_58]

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.

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?

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.

[dothebeats]

8. Save, invest and take good care of your health.

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.

[rat03gopoh]

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.

[michellee]

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.

[Jawhead999]

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

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.

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.

[Xcode7]

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.