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.