Topic: How to developed your capital - page 11. (Read 1371 times)

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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).