How to developed your capital - page 3.

serjent05

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Quote from: molsewid on September 09, 2023, 04:50:55 PM

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.

molsewid

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Quote from: ChiBitCTy on September 09, 2023, 11:29:01 AM

Quote from: FiveG on August 14, 2023, 11:21:30 PM

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?

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!

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.

Lanatsa

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Quote from: ChiBitCTy on September 09, 2023, 11:29:01 AM

Quote from: FiveG on August 14, 2023, 11:21:30 PM

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?

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.

ChiBitCTy

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Quote from: FiveG on August 14, 2023, 11:21:30 PM

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?

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!

Jatiluhung

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Quote from: Aanuoluwatofunmi on September 07, 2023, 03:35:22 PM

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.

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.

CageMabok

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Quote from: wallet4bitcoin on September 09, 2023, 07:56:33 AM

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.

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.

Quote

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

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.

Patrol69

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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.

Dickiy

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Quote from: red4slash on September 09, 2023, 02:38:48 AM

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

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.

wallet4bitcoin

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Quote from: fruktik on September 08, 2023, 01:08:19 AM

Quote from: n0ne on September 06, 2023, 06:46:37 PM

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.

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.

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.

red4slash

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Quote from: savetheFORUM on September 08, 2023, 10:42:51 PM

Quote from: armanda90 on September 03, 2023, 01:47:12 PM

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.

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

savetheFORUM

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Quote from: armanda90 on September 03, 2023, 01:47:12 PM

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.

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.

goldkingcoiner

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Quote from: FiveG on August 14, 2023, 11:21:30 PM

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?

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.

Jody.Drummer

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Quote from: TheSpiral on September 08, 2023, 11:18:56 AM

Quote from: n0ne on September 06, 2023, 06:46:37 PM

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.

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.

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.

uneng

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Quote from: Reatim on September 07, 2023, 12:50:18 AM

Quote from: FiveG on August 14, 2023, 11:21:30 PM

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.

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.

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.

TheSpiral

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Quote from: n0ne on September 06, 2023, 06:46:37 PM

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.

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.

fruktik

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Quote from: n0ne on September 06, 2023, 06:46:37 PM

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.

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.

dothebeats

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Quote from: poodle63 on September 07, 2023, 06:58:29 PM

Quote from: TelolettOm on September 06, 2023, 06:02:23 PM

Quote from: kojektea on September 06, 2023, 05:15:26 AM

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.

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.

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.

poodle63

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Quote from: TelolettOm on September 06, 2023, 06:02:23 PM

Quote from: kojektea on September 06, 2023, 05:15:26 AM

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.

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.

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.

Aanuoluwatofunmi

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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.

usekevin

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Quote from: n0ne on September 06, 2023, 06:46:37 PM

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.

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.

Topic: How to developed your capital - page 3. (Read 1464 times)