Overall I find the steps very good, and I agree with the points. But on the other hand, there is an obstacle which in my opinion is very basic, namely beginners really need guidance. This means that in every stage that is taken to develop their money in the capital market, beginners really need a mentor to support and provide an overall picture of the benefits and risks.
Finally, in every decision making, they will not be shaken by the sometimes volatile market situation. I think this is just a personal assumption, of course each will have a different perception based on his experience.
Yes, they need some guide it could be learn by books or by videos in Youtube. Everything can be learn now in this space nothing is impossible. But yes developing your capital for your business or project is kinda hard if you are doing it just for yourself. I knew it because I have an experience in that kind of thing before but I fail because I didn't took the risk and I limit myself.
of course everyone will have their own way of thinking and ways to develop capital, but for beginners I think there should be a lot of sharing with experienced people so they can take lessons from those experiences. because often even though they have a large income, many people cannot manage their finances so that capital cannot develop until the business runs stagnant, things like that that seem easy but sometimes become one of the obstacles in doing business