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?
Finding the right balance can take time and you should consider that while you're still learning so much in your younger years, it is the best time to take experiences. You can make mistakes, you can bounce back, you can heal quicker and all sorts of other benefits that you might not perceive. Making mistakes, while trying to keep them as small as possible, and learning along the way is an important part of life and while you can do research with the aim to reduce them, sometimes having a painful memory can be the best warning to avoid falling for it again. Like much in life, this can apply equally to finances, as it could to love, or friendship, or work and many other areas.