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Augusta

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Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

How to make high profit investing in artificial fishing

You can start off your artificial fishing with having a pond that you invest in fishing. A lot of people are making money off this. What do you think are they different ways one can make money off this kind ...Read more

You can start off your artificial fishing with having a pond that you invest in fishing. A lot of people are making money off this. What do you think are they different ways one can make money off this kind of fishing?

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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 16, 2023 at 2:16 am

    I would not recommend investing in artificial fishing as a way to make high profits. Here are a few reasons why: Unproven industry - Artificial fishing such as fish farms are a relatively new and unproven industry. The technology and business models are still evolving with many uncertainties. The riRead more

    I would not recommend investing in artificial fishing as a way to make high profits. Here are a few reasons why:

    • Unproven industry – Artificial fishing such as fish farms are a relatively new and unproven industry. The technology and business models are still evolving with many uncertainties. The risk and returns are unclear.
    • High capital costs – The startup costs for artificial fishing operations like fish farms are usually very high, requiring large facilities, equipment, inventory, and labor. Profitability can take years to achieve.
    • Regulatory restrictions – Artificial fishing often faces strict government regulations and permit requirements. These restrictions can impact operations and profit margins.
    • Environmental concerns – There are environmental concerns around practices like fish farms such as waste, pollution, and spreading disease. Tighter regulations may emerge over time.
    • Commoditized market – Farmed fish and seafood compete with wild caught sources, making it a commoditized industry with thin profit margins for producers. Rising costs may squeeze profits.
    • Competition – There is increasing competition from both large corporate producers and smaller operators in artificial fishing. This makes it harder to maintain pricing power.

    While artificial fishing may help meet rising seafood demand, it is not a simple or guaranteed high-profit business. Those investing should understand the complexities and risks involved rather than seeking quick high returns. A diversified portfolio is a better path for most investors.

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Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

Profitable ways to make money running a hospital

The thing is that owning a private hospital is for profit making and everyone have come to terms with this now. Though the doctors are to save lives which they must put this first into consideration but they still need ...Read more

The thing is that owning a private hospital is for profit making and everyone have come to terms with this now. Though the doctors are to save lives which they must put this first into consideration but they still need to make money and also make profit. How do you think hospital owners can achieve this?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on August 15, 2023 at 11:45 am

    Hospital owners are obviously owning hospitals as their businesses.  They offer healthcare services and get paid for them. They should therefore ensure that they offer quality services that people will be ready to pay for.   Most private hospitals are best known for specialist care and servicesRead more

    Hospital owners are obviously owning hospitals as their businesses.  They offer healthcare services and get paid for them. They should therefore ensure that they offer quality services that people will be ready to pay for.

     

    Most private hospitals are best known for specialist care and services. They hire the best doctors that specialize in specific conditions and diseases. Most people find them convenient and will readily pay for these services.

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Augusta
AugustaEnlightened Mentor
Asked: August 15, 2023In: Money & Business

Different ways to invest in oil and gas

Have you ever tried the oll and gas sector to invest in it. What are the different ways by which one can take advantage to invest in it. Do you think this is a viable means of making money? What ...Read more

Have you ever tried the oll and gas sector to invest in it. What are the different ways by which one can take advantage to invest in it. Do you think this is a viable means of making money? What areas are most profitable

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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 16, 2023 at 2:15 am

    Here are some of the main ways to invest in oil and gas: Oil and gas company stocks - You can buy stocks of companies involved in oil and gas exploration, production, refining, and marketing. This allows you to benefit from their profits. Some major public companies include Exxon Mobil, Chevron, BP,Read more

    Here are some of the main ways to invest in oil and gas:

    • Oil and gas company stocks – You can buy stocks of companies involved in oil and gas exploration, production, refining, and marketing. This allows you to benefit from their profits. Some major public companies include Exxon Mobil, Chevron, BP, Royal Dutch Shell.
    • Oil and gas ETFs – Exchange traded funds (ETFs) that track an index of oil and gas companies are a popular way to diversify your exposure. Examples include the Energy Select Sector SPDR Fund and the Vanguard Energy ETF.
    • Oil and gas futures – Futures contracts allow you to speculate on the potential future price of oil and gas. You never take actual ownership of the commodity, only profit or lose based on price movements.
    • Drilling and royalty funds – These pooled investment funds provide exposure to a portfolio of stakes in drilling projects or royalty rights on oil and gas production. This provides income based on production.
    • Oil and gas partnerships – Direct participation in oil drilling and production is possible through limited partnerships. You invest with a group that develops a project and share revenues.
    • Real estate in oil-producing regions – Investing in oil-rich real estate provides potential income from oil leasing rights. This is fairly common in regions like Texas, North Dakota, and Oklahoma.
    • Equipment and services companies – Companies that make drilling equipment or provide services to the oil industry can benefit from increased production and drilling.
    • Commodity trading advisors (CTAs) – Asset managers who specifically trade oil and gas futures using technical analysis and momentum strategies. This is complex and risky.
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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

What are the drawbacks associated with rental business

The thing is that the rental business is one business that one can gain big money if done properly but it also comes with it’s drawbacks. one of such is always the cost of maintenance which is always high. So ...Read more

The thing is that the rental business is one business that one can gain big money if done properly but it also comes with it’s drawbacks. one of such is always the cost of maintenance which is always high. So what do you think are the other drawbacks one might faced and need to know before venturing into rental business

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  1. Light
    Light Trusted Adviser
    Added an answer on May 12, 2024 at 5:09 pm

    Rental business is a good business. But it becomes an issue if you don't put in proper strategy, like in the case when rent our things to people far away or people you don't know their details, you might lose your property with no one to hold for it. You can also register your company Incase when isRead more

    Rental business is a good business. But it becomes an issue if you don’t put in proper strategy, like in the case when rent our things to people far away or people you don’t know their details, you might lose your property with no one to hold for it. You can also register your company Incase when issues arise you will be able to defend yourself to the core. You should inscribe your trade mark on your property or any form of sign that can be traced back to you.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

How viable is it to invest in online stocks

I do read about making an investment online and one of such area is in stocks. Some people advised that you can invest in stocks online like on penny stock etc. Have you ever tried this online? What have been ...Read more

I do read about making an investment online and one of such area is in stocks. Some people advised that you can invest in stocks online like on penny stock etc. Have you ever tried this online? What have been your experience? is it worth it at all?

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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 21, 2023 at 2:12 am

    Investing in online/internet stocks can certainly be viable, but like any investment it comes with risks and considerations: Potential advantages: Huge growth potential as more commerce moves online each year Internet companies benefit from network effects and scaling Low overhead compared to brick-Read more

    Investing in online/internet stocks can certainly be viable, but like any investment it comes with risks and considerations:

    Potential advantages:

    • Huge growth potential as more commerce moves online each year
    • Internet companies benefit from network effects and scaling
    • Low overhead compared to brick-and-mortar businesses
    • Ability to disrupt traditional business models

    Risks/challenges:

    • High competition means constantly innovating and adapting
    • Lower barriers to entry compared to other industries
    • Relatively newer sector so harder to predict long-term winners
    • Potential for technology shifts to disrupt established players
    • Regulatory threats always loom for tech companies

    Tips if investing in internet stocks:

    • Diversify across e-commerce, social media, digital ads, and emerging tech
    • Look for signs of sustainable competitive advantages
    • Focus on companies with clear paths to profitability
    • Be wary of excessive valuations and hype during periods of optimism
    • Maintain small position sizes for individual internet stocks

    On balance, internet stocks can thrive in portfolios, but need balanced exposure like other equities. Given the sector’s growth outlook, they merit consideration while managing risks.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

Different ways to invest in Agricultural sector

What are the different ways to invest and make money from Agriculturally sector. This is one industry I know one can make money from investing in but you need to know the viable areas to invest in to make money. ...Read more

What are the different ways to invest and make money from Agriculturally sector. This is one industry I know one can make money from investing in but you need to know the viable areas to invest in to make money. So where are these viable areas?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on October 21, 2025 at 6:41 am

    One less common but smart way to invest in agriculture is by focusing on storage and preservation like building small cold rooms or warehouses. Many farmers lose money after harvest due to spoilage, so providing storage solutions can be very profitable. You can also look into supplying farm tools orRead more

    One less common but smart way to invest in agriculture is by focusing on storage and preservation like building small cold rooms or warehouses. Many farmers lose money after harvest due to spoilage, so providing storage solutions can be very profitable. You can also look into supplying farm tools or renting out equipment to small farmers who can’t afford their own. These areas are often overlooked but can bring steady income with less daily stress than actual farming.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

Your experience with working online

Have you been making money online for a while now? For me me it has been years now. My experience is that of bitter- sweet as I have been scammed especially when I started out and didn’t know my way ...Read more

Have you been making money online for a while now? For me me it has been years now. My experience is that of bitter- sweet as I have been scammed especially when I started out and didn’t know my way around. But aside that I love online work as you can work at your pace and from any location. What’s your experience?

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  1. deucher
    deucher Active Contributor
    Added an answer on August 14, 2023 at 1:03 pm

    I have been working for about 3 years on the Internet and my story is very similar to yours, I also often lost money at the beginning and therefore I decided that it is better for me to earn money without investments and I have made a lot of progress in this, but in general I am not very satisfied wRead more

    I have been working for about 3 years on the Internet and my story is very similar to yours, I also often lost money at the beginning and therefore I decided that it is better for me to earn money without investments and I have made a lot of progress in this, but in general I am not very satisfied with my experience because I don’t get the profit I calculated for, it’s just a part-time job for me and nothing else, I don’t have the same passion for work as I did at the beginning, I do it all only because it’s paid for.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

Workable tips to live a financially stable life

Some people with the little they have are living life a lot better than those that have much money. The truth is that some people adopt some great financial tips that helps them live a financially stable life. It isn’t ...Read more

Some people with the little they have are living life a lot better than those that have much money. The truth is that some people adopt some great financial tips that helps them live a financially stable life. It isn’t about making more money but applying the best financial tips to live better. So what are your workable financial tips

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on August 15, 2023 at 11:58 am

    It is true that some people who earn less live very stable and happy lives than others who earn really well. It is because those happy people know how to spend money well. They budget their money well. They don't spend randomly or follow their urges. They carefully draft a plan of how each of theirRead more

    It is true that some people who earn less live very stable and happy lives than others who earn really well. It is because those happy people know how to spend money well.

    They budget their money well. They don’t spend randomly or follow their urges. They carefully draft a plan of how each of their penny will be spend.

    They also live within their limits and have learnt to be contented. That way, they fact that they don’t have much does not stress them. They could be taking a hike in a forest with the family and so much happier than a wealthy family in an expensive cruise ship.

     

    Lastly, these people have learnt to make money work for them. They don’t stress themselves doing so much work or being trapped in a matrix of employment. They have learnt to invest and never depend on a huge salary to live.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

How to deal with poor money management

One thing that can keep one poor is poor money management. Some people do make money even daily but somehow still can’t get out of the poverty level. Poor money management is a bad habit that can be eradicated. How ...Read more

One thing that can keep one poor is poor money management. Some people do make money even daily but somehow still can’t get out of the poverty level. Poor money management is a bad habit that can be eradicated. How best can this be dealt with to make a success of it.

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on June 14, 2024 at 7:05 pm

    To Deal with poor money management requires a combination of self-reflection, budgeting, and behavioral changes. You need to Acknowledge your financial situation and accept responsibility and Focus on eliminating high-interest loans and credit card balances. You need to Save 3-6 months' worth of livRead more

    To Deal with poor money management requires a combination of self-reflection, budgeting, and behavioral changes. You need to Acknowledge your financial situation and accept responsibility and
    Focus on eliminating high-interest loans and credit card balances.
    You need to Save 3-6 months’ worth of living expenses for unexpected events.
    Avoid impulse purchases and Practice delayed gratification and think twice before making non-essential purchases.
    Remember, overcoming poor money management is a process. Be gentle with yourself, stay committed, and celebrate small victories along the way.

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Augusta
AugustaEnlightened Mentor
Asked: August 14, 2023In: Money & Business

How best to avoid impluse buying

One way to get out of debt is to stay away from impluse buying. implusive buying is about buying things that were not necessarily needed at a time just because you have the money sometimes you over buy and need ...Read more

One way to get out of debt is to stay away from impluse buying. implusive buying is about buying things that were not necessarily needed at a time just because you have the money sometimes you over buy and need to owe the seller. A habit like this need to be nipped if we have 5o get ourselves out of debt. How can this be achieved?

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  1. Mika
    Mika Expert Mind
    Added an answer on August 14, 2023 at 8:46 am

    Impulsive buying is mainly related to buying unnecessary items. Therefore, when you do a lot of impulsive buying you will be spending a lot of money on unnecessary items. There are multiple ways to address this issue and the easiest one is by setting your monthly budget. Do not go over the budget foRead more

    Impulsive buying is mainly related to buying unnecessary items. Therefore, when you do a lot of impulsive buying you will be spending a lot of money on unnecessary items. There are multiple ways to address this issue and the easiest one is by setting your monthly budget. Do not go over the budget for your wants and wishes. For instance, if you have set $100 for your wants and wishes, and if that is depleted never buy a thing until next month.

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