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Lens

Knowledge Seeker
Ask Lens
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78 Questions
Home» Lens»Answers
  • About
  1. Asked: August 11, 2023In: Money & Business

    What are the key factors to consider when investing in the stock market?

    Lens
    Best Answer
    Lens Knowledge Seeker
    Added an answer on August 24, 2023 at 12:00 am

    It is very important to engage in diversification because it is not good to put all your eggs in one basket . When you spread your investment across different sectors, you have been able to minimise the risk to the barest minimum. keeping eye on the economy is another factor to put into consideratioRead more

    It is very important to engage in diversification because it is not good to put all your eggs in one basket . When you spread your investment across different sectors, you have been able to minimise the risk to the barest minimum. keeping eye on the economy is another factor to put into consideration . You want to know the interest rate, the inflation rate and all other geopolitical event that is taking place

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  2. Asked: August 14, 2023In: Crypto & Forex

    Can you explain the concept of cryptocurrency mining ?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 11:47 pm

    Cryptocurrency mining is regarded as the process in which cryptocurrencies are created. The cryptocurrency created are added to the blockchain. The miner's contribute immensely to the mining network and they use computational powers to solve complex mathematics problem and then verify the transactioRead more

    Cryptocurrency mining is regarded as the process in which cryptocurrencies are created. The cryptocurrency created are added to the blockchain. The miner’s contribute immensely to the mining network and they use computational powers to solve complex mathematics problem and then verify the transactions and add them to the public ledger. The cryptocurrency mining is necessary to maintain the cryptocurrency network.

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  3. Asked: August 23, 2023In: Money & Business

    How to save money on transportation?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 2:40 pm

    A lot of people use the bicycles especially in countries where the fuel has increased so much . If you can be used bicycles to convey yourself to work on a daily basis it will save cost. Using the bicycle does not only safe cost, it is also a means to keep fit because it's an exercise . it is properRead more

    A lot of people use the bicycles especially in countries where the fuel has increased so much . If you can be used bicycles to convey yourself to work on a daily basis it will save cost. Using the bicycle does not only safe cost, it is also a means to keep fit because it’s an exercise . it is proper to manage finances presently because if you spend too much of money on transportation, you might not have any money left when you receive a paycheck.

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  4. Asked: August 23, 2023In: Money & Business

    Where should senior citizens invest their money?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 2:36 pm

    Real estate trust is a very good investment for the retirees . It requires less stress and it's very suitable investment for the seniors. All they need to do is to invest in property and sit to reap the benefits. It is also crucial for the seniors to consider rental property as an investment becauseRead more

    Real estate trust is a very good investment for the retirees . It requires less stress and it’s very suitable investment for the seniors. All they need to do is to invest in property and sit to reap the benefits. It is also crucial for the seniors to consider rental property as an investment because it does not require physical activities. They can be even hire someone to maintain the properties and manage it on their behalf.

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  5. Asked: August 23, 2023In: Money & Business

    How to make money a boutique businesss?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 7:08 am

    Creating an online presence or the creation of e-commerce platforms would give you opportunity to reach larger audience and that is why it is important to create an online presence for the boutique business. You can leverage on social media platforms to embark on product promotion. The customer expeRead more

    Creating an online presence or the creation of e-commerce platforms would give you opportunity to reach larger audience and that is why it is important to create an online presence for the boutique business. You can leverage on social media platforms to embark on product promotion. The customer experience also play a critical role in making money from boutique business . However, You should also try to create a welcoming environment that would make your boutique business stand out from others.

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  6. Asked: August 23, 2023In: Money & Business

    Are there tax efficient strategies to grow wealth?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 6:51 am

    I know of few tax-efficient strategy that could be adopted to grow your wealth . One is tax-loss harvesting, which is a way of selling investment that has recorded huge losses. The reason why it is a good way for tax efficiency is that it will reduce the overall tax liability. It is also crucial toRead more

    I know of few tax-efficient strategy that could be adopted to grow your wealth . One is tax-loss harvesting, which is a way of selling investment that has recorded huge losses. The reason why it is a good way for tax efficiency is that it will reduce the overall tax liability. It is also crucial to used asset location because if you invest on bonds, it will minimise the tax impact on your investment in a great way.

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  7. Asked: August 23, 2023In: Money & Business

    What are the lesser known investment options?

    Lens
    Best Answer
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 6:37 am

    Microloans is a very good way to make money but less popular. It is providing small amount of money to businesses or enterpreneurs and it could be done on different platforms depending on how you want it. You can invest in royalty which is a very good way to make money as well. It involves investingRead more

    Microloans is a very good way to make money but less popular. It is providing small amount of money to businesses or enterpreneurs and it could be done on different platforms depending on how you want it. You can invest in royalty which is a very good way to make money as well. It involves investing in the future of musicians or artist with the aim of receiving certain percentage  of their revenue . Another wonderful investment is investing on collectibles that offer potential appreciation like gold or any kind of rare gems.

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  8. Asked: August 23, 2023In: Money & Business

    How can I negotiate salary increase at work?

    Lens
    Best Answer
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 6:24 am

    You can effectively negotiate salary increase at work if you understand the market value of your role and your experience in the company . You should also consider you choosing the right time to make such negotiations and also evaluate your performance, taking note of all the successful project thatRead more

    You can effectively negotiate salary increase at work if you understand the market value of your role and your experience in the company . You should also consider you choosing the right time to make such negotiations and also evaluate your performance, taking note of all the successful project that you have accumulated over time. It is important for you to accumulate all the contributions or the accomplishment that you have made in the company as well.

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  9. Asked: August 23, 2023In: Money & Business

    What is the concept of compound interest on wealth creation?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 6:12 am

    Compound interest allows you to earn interest both on the original amount you invested and also from the amount of interest you have earned. it is indeed a very good way to make money and the long time impact on wealth building is very substantial. The interest that you have earned from this type ofRead more

    Compound interest allows you to earn interest both on the original amount you invested and also from the amount of interest you have earned. it is indeed a very good way to make money and the long time impact on wealth building is very substantial. The interest that you have earned from this type of investment would result in a larger future interest because your money will grow exponentially. It is is a very good way to make money.

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  10. Asked: August 23, 2023In: Money & Business

    How can I create and sell online course on platforms like udemy?

    Lens
    Lens Knowledge Seeker
    Added an answer on August 23, 2023 at 5:57 am

    It is a very good gesture because a lot of people are making money by selling online courses on udemy. First, you need to craft the course outline and also break it down into lessons that would create engagement and you can also create a concise video lessons but before you do all of this, you needRead more

    It is a very good gesture because a lot of people are making money by selling online courses on udemy. First, you need to craft the course outline and also break it down into lessons that would create engagement and you can also create a concise video lessons but before you do all of this, you need to set up an instructor account on the platform . Moreso, it is important to create an attention-grabbing course title or description because this is what will attract the readers.

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