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.
Topic: How to developed your capital - page 12. (Read 1464 times)
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.
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.
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.
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?
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?
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