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How to make money as an investor?
Investment is one of the best money making strategies that helps grow your money and may make you wealthy. That being said, investment requires good knowledge and courage to take risks. These risks should be well calculate and that is where research and constant learning comes in, you need to keep rRead more
Investment is one of the best money making strategies that helps grow your money and may make you wealthy. That being said, investment requires good knowledge and courage to take risks. These risks should be well calculate and that is where research and constant learning comes in, you need to keep researching and exploring in order to be a good investor.
It helps a lot to know how to work with other people, you cannot do it all on your own. Some people are more capacitated in some areas more than you and you need to know how to work with them. An investor knows how to communicate with people and make deals.
See lessWhich industries seems investible and profitable these days?
Real estate is the most lucrative industry to invest. It has been for a long time and there hasn't been any changes, most wealthy people invested in real estate at some point in their lives. The downside to it is that it requires a good amount of money to start, that is why most people don't go intoRead more
Real estate is the most lucrative industry to invest. It has been for a long time and there hasn’t been any changes, most wealthy people invested in real estate at some point in their lives. The downside to it is that it requires a good amount of money to start, that is why most people don’t go into it. But you can start as a real estate agent while learning the ropes then you can start investing yourself.
There are other investments that you can start with a small amount and keep growing. Think of forex trading and cryptocurrency trading. They are high risk but you can learn how to minimize the risks and make money.
See lessAll this invest 5k to get 15k in one hour, are they real?
These are known as Ponzi schemes and they will only scam you, it is best to steer clear from them. Most of them use another investor's money to pay those who invested early then run away with the rest of the money. I have come across these kind of investment advertisements and I fell for them when IRead more
These are known as Ponzi schemes and they will only scam you, it is best to steer clear from them. Most of them use another investor’s money to pay those who invested early then run away with the rest of the money.
I have come across these kind of investment advertisements and I fell for them when I was a newbie. But after learning their tricks, I have been avoiding them at all costs.
It is best to realize that there is no easy investment strategies online and offline. You have to be patient and strategic to grow your money, otherwise all the easy stuff are always dangerous.
See lessHow Can Loan Help In Growing my Business?
Yes, you can grow a business organically by ploughing back profits or using your business savings. But sometimes that is not enough and you may need to take a loan for this. Which is a welcome idea and most lending institutions will readily give you a loan if they know you have a business; it meansRead more
Yes, you can grow a business organically by ploughing back profits or using your business savings. But sometimes that is not enough and you may need to take a loan for this. Which is a welcome idea and most lending institutions will readily give you a loan if they know you have a business; it means you can easily pay them back.
A loan is always good when you know that you are going to use it to make profits then pay it back. So taking for expanding a business is a great idea that works perfectly for business people.
See lessWhat is the best way to save money for starting business?
You know you cannot start saving out of nowhere if you don't have an income source. So start with looking for that by looking for a job or learning a skill to sell online or offline. Once you start earning, automate your savings with the plan of starting a business. It is best when you have a busineRead more
You know you cannot start saving out of nowhere if you don’t have an income source. So start with looking for that by looking for a job or learning a skill to sell online or offline. Once you start earning, automate your savings with the plan of starting a business.
It is best when you have a business idea already in mind. That way, you will dedicate your time in calculating how much you need for the startup. Which is great because you will be saving knowing just how much you need to start the business.
See lesswhere do you normally do your shopping to save money?
I recently discovered a supermarket in my town where things are way cheaper than in most other stores. That is where I go for most of my shopping. I also use their promotions and have a loyalty card with them for those discounts that they usually offer. There is also a wholesale store where I buy moRead more
I recently discovered a supermarket in my town where things are way cheaper than in most other stores. That is where I go for most of my shopping. I also use their promotions and have a loyalty card with them for those discounts that they usually offer.
There is also a wholesale store where I buy most of those things that I need in bulk such as milk, sugar, rice and wheat flour. This wholesale store is way cheaper than the supermarket when you buy things in bulk. I think bulk shopping is also something that has helped me save a lot.
See lessHow To Build A Realistic Savings Goal?
It is very true that having a goal is important in saving. Otherwise, saving randomly will not help you achieve your biggest targets. You need to have a plan and it should be a realistic one. One way to achieve setting a realistic goal is going by the 50/30/20 rule whereby 50% of your income is forRead more
It is very true that having a goal is important in saving. Otherwise, saving randomly will not help you achieve your biggest targets. You need to have a plan and it should be a realistic one.
One way to achieve setting a realistic goal is going by the 50/30/20 rule whereby 50% of your income is for needs, 30% for wants and 20% goes into savings. Just calculate that according to what you earn and you will have the amount you need to save.
It is important that you inculcate mindfulness in your expenditure. It helps you not only to stay disciplined but also to identify whether or not your savings plan is realistic or is not good enough.
See lessHow to Set Acheivable Savings Goals?
Achievable savings goals are those that you are sure to afford without foregoing your basic needs. Setting achievable saving goals mean that you need to beware of what you earn and the needs you need to prioritize. Then you can decide on how much is left for you to save. You may also need to add somRead more
Achievable savings goals are those that you are sure to afford without foregoing your basic needs. Setting achievable saving goals mean that you need to beware of what you earn and the needs you need to prioritize. Then you can decide on how much is left for you to save.
You may also need to add some wants there, you can’t be saving everything and leaving out nothing for some fun and buying things you desire. This will only make you desire a lot and lose control to spending impulsively.
See lessWhat is the benefit of targeted savings?
Targeted savings are beneficial for someone who has a specific goal in mind. For instance, I am currently saving money to buy a laptop. For me to achieve this goal, I have made the savings automatic in that the bank directs it to my savings account whenever my salary is deposited. Targeted savings mRead more
Targeted savings are beneficial for someone who has a specific goal in mind. For instance, I am currently saving money to buy a laptop. For me to achieve this goal, I have made the savings automatic in that the bank directs it to my savings account whenever my salary is deposited.
Targeted savings make one disciplined because they have a specific goal in mind. It is also helpful for budgeting in that you can include it there as a next priority after your basic needs.
See lessHow To Save $1000 a year as a student?
It may be hard for a student to save $1000 per year given the little opportunities they have. But you can give it a try by involving yourself in part time jobs and businesses. You just need to make sure that these ventures do not interfere with your learning and attending classes. One of the businesRead more
It may be hard for a student to save $1000 per year given the little opportunities they have. But you can give it a try by involving yourself in part time jobs and businesses. You just need to make sure that these ventures do not interfere with your learning and attending classes.
One of the businesses you can start as a student is a cyber where you offer printing, photocopy and all other computer services. You could even download movies and music to sell, students love them.
Moreover, you can start a gaming business. Maybe set up a play station that is most current, students love playing them.
See less