Topic: How to developed your capital - page 9. (Read 1443 times)

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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.