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!