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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

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LightTrusted Adviser
Asked: September 17, 2023In: Money & Business

What do you put in place before starting a thrift business?

Thrift business seems easy for people to go into. What are the important things to consider in other to be successful in this business?

Thrift business seems easy for people to go into. What are the important things to consider in other to be successful in this business?

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Asked: September 16, 2023In: Money & Business

Should you lay off staffs of you have low revenue?

You might see your self not making enough revenue in your business anymore. What do you do, do you lay off some staffs and how do you do that without ruining the business?

You might see your self not making enough revenue in your business anymore. What do you do, do you lay off some staffs and how do you do that without ruining the business?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 18, 2024 at 3:24 pm

    It depends, if you find out that you're having low revenue and you're spending all of your money in managing staffs or paying salaries then you can decide to fire your unproductive employees and restructure. But if you have a low revenue you with excellent employee then you may inspect the reason whRead more

    It depends, if you find out that you’re having low revenue and you’re spending all of your money in managing staffs or paying salaries then you can decide to fire your unproductive employees and restructure.

    But if you have a low revenue you with excellent employee then you may inspect the reason which could internal or logistics and try to solve it, not every problem is caused by an employee.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

Is there new way of making money online?

Do you have any new way of making money online different from the existing ways.It seems every niche is already saturated now?

Do you have any new way of making money online different from the existing ways.It seems every niche is already saturated now?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on May 10, 2024 at 7:17 pm

    Yeah, there are new opportunities in the crypto space or I'll say Blockchain in general, there's also some new opportunities in the AI space, it's important to watch these industries closely and tap into them, a whole lot of money can be made out of these spaces. As technology evolves they'll be a lRead more

    Yeah, there are new opportunities in the crypto space or I’ll say Blockchain in general, there’s also some new opportunities in the AI space, it’s important to watch these industries closely and tap into them, a whole lot of money can be made out of these spaces.

    As technology evolves they’ll be a lot of opportunities in the online space and old ways of doing things will also become redundant.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

How do you maintain your credit score while you owing debts

Sometimes you see yourself owing several debts especially when you are earning so low. How do you deal with this without it affecting your credit score?

Sometimes you see yourself owing several debts especially when you are earning so low. How do you deal with this without it affecting your credit score?

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  1. Mika
    Mika Expert Mind
    Added an answer on May 4, 2024 at 3:05 am

    Credit score describes your ability to get a loan, if you get a loan and if you pay loan on time, and never miss any loan repayments, your credit score will be high. If you never get a loan, your credit score will not improve. The more you get loan and the faster you pay back your loan, higher is yoRead more

    Credit score describes your ability to get a loan, if you get a loan and if you pay loan on time, and never miss any loan repayments, your credit score will be high. If you never get a loan, your credit score will not improve. The more you get loan and the faster you pay back your loan, higher is your credit score. You can maintain your credit score while having a loan by repaying your loan in time.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

Why you should stop a job that pays low

I have been a victim, I worked in a firm that paid very low, I managed it as far as I was able to settle some important bills at the end of the month, but after some break I discovered ...Read more

I have been a victim, I worked in a firm that paid very low, I managed it as far as I was able to settle some important bills at the end of the month, but after some break I discovered I had no savings or means of surviving like a normal person, then it occurred to me I had made a big mistake. Would you keep working in a firm like this and how long?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on May 2, 2026 at 1:24 pm

    I wouldn’t stay in a job like that for long, at least not without a clear exit plan. A low-paying job can make sense temporarily if it’s helping you survive or gain experience, but if after some time you still can’t save or improve your situation, it starts costing you more than it’s giving. I’d keeRead more

    I wouldn’t stay in a job like that for long, at least not without a clear exit plan. A low-paying job can make sense temporarily if it’s helping you survive or gain experience, but if after some time you still can’t save or improve your situation, it starts costing you more than it’s giving. I’d keep it only while actively looking for something better or building another income stream on the side, and set a deadline for myself. Staying too long can trap you in a cycle where you’re always busy but never moving forward.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

What do you do when you can't stop buying on credit?

Sometimes you just see yourself buying credit nonstop, what do you do when you see yourself in this condition?

Sometimes you just see yourself buying credit nonstop, what do you do when you see yourself in this condition?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 20, 2024 at 3:33 pm

    You should stop, why would you be doing something that's detrimental to your financial health, it simple to see that doing such stuff is making your life harder, you can limit the card if you want or hand it over to a friend or partner if you have any. You should also visit your priorities and alignRead more

    You should stop, why would you be doing something that’s detrimental to your financial health, it simple to see that doing such stuff is making your life harder, you can limit the card if you want or hand it over to a friend or partner if you have any.

    You should also visit your priorities and align them honestly to who you are as a person, if you really want what you’re buying, find a way to buy it without hurting your finances.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

What grace period will make a debtor take you for granted?

Some creditors are so merciful while some debtors are just too wicked. How much grace period can you give a debtor before he or she takes you for granted?

Some creditors are so merciful while some debtors are just too wicked. How much grace period can you give a debtor before he or she takes you for granted?

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  1. monster_masterpiece
    monster_masterpiece Newcomer student
    Added an answer on April 24, 2024 at 8:33 am

    It depends on the financial situation of the other person. Some persons could pay in time and have no problem paying the debt. If someone becomes unemployed then it will be unable to pay back debt until finding a job. Insurance does not include paying back debt if the person is still alive but if heRead more

    It depends on the financial situation of the other person. Some persons could pay in time and have no problem paying the debt. If someone becomes unemployed then it will be unable to pay back debt until finding a job. Insurance does not include paying back debt if the person is still alive but if he is dead for example. This will make the situation more complicated especially if this person has debt from more than one person and then is unemployed in the same time. You could then postpone debt for small portion or help him find a job to pay back you.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

How do you inform a debtor about the due loan

So many creditors don’t know how to ask for their money when due without getting into fight with the debtor. How do you overcome this?

So many creditors don’t know how to ask for their money when due without getting into fight with the debtor. How do you overcome this?

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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on August 29, 2024 at 12:41 pm

    When informing a debtor about a due loan, it is important to send a formal written notice. Clearly state the amount due, payment deadline, and consequences of non-payment. Provide contact information for inquiries and offer payment options. Maintain a professional and respectful tone to facilitate eRead more

    When informing a debtor about a due loan, it is important to send a formal written notice. Clearly state the amount due, payment deadline, and consequences of non-payment. Provide contact information for inquiries and offer payment options. Maintain a professional and respectful tone to facilitate effective communication and resolution of the debt.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

What other sidehustle can you do as a teacher?

So many people work as a teacher in my vicinity, but I wonder how some of them keep up with the low pay, if there are other businesses they could do alongside teaching?

So many people work as a teacher in my vicinity, but I wonder how some of them keep up with the low pay, if there are other businesses they could do alongside teaching?

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  1. yusra
    yusra Trusted Adviser
    Added an answer on March 11, 2024 at 8:59 pm

    Here are some potential side hustle ideas for teachers to earn extra income: - Tutoring - Either virtual or in-person for K-12 students needing extra academic help. Great way to earn hourly by leveraging teaching skills. - Curriculum or lesson plan design - Create educational resources, activities,Read more

    Here are some potential side hustle ideas for teachers to earn extra income:

    – Tutoring – Either virtual or in-person for K-12 students needing extra academic help. Great way to earn hourly by leveraging teaching skills.

    – Curriculum or lesson plan design – Create educational resources, activities, courses to sell on online marketplaces like TeachersPayTeachers.

    – Test prep instructor – Help students prep for big exams like SAT, GRE, etc. on nights/weekends.

    – Content creation – Make educational videos, blog posts, podcast episodes around your subject matter expertise. Monetize through ads.

    – Proofreading/editing – Leverage writing and editing skills to review manuscripts, resumes, reports as a freelance side business.

    – Educational consultant – Advise on college admissions, scholarships, applications as a private college counselor.

    – Resume reviewer – Help students/professionals update their resumes and LinkedIn profiles.

    – Educational speaker – Get paid to deliver keynotes or workshops at conferences, events, schools. Build a speaking portfolio.

    – Readers/exam proctor – Earn hourly supporting testing centers or companies with scoring, data entry, essay reading.

    – Grade papers/homework – Teachers can provide remote grading services for other educators or schools.

    The key is identifying transferable skills from teaching that can be monetized. Tutoring, content creation, consulting services allow teachers to earn extra income sharing their expertise and experience.

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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

How do you run a multipurpose store effectively?

There are shops where items of different varieties are sold, some of these items don’t even relate in any way, how do shop owners manage this business effectively?

There are shops where items of different varieties are sold, some of these items don’t even relate in any way, how do shop owners manage this business effectively?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on October 21, 2025 at 7:39 am

    To  manage multiple stores effectively is to adopt the right strategies that would be effective You can start with Implementing multi-location inventory tracking. Use standardize retail operations to run the business so that you get ahead with delegation.. You need to create a staff training processRead more

    To  manage multiple stores effectively is to adopt the right strategies that would be effective

    You can start with Implementing multi-location inventory tracking. Use standardize retail operations to run the business so that you get ahead with delegation.. You need to create a staff training process. You have to optimize staff schedules so that they are at their best on their daily task.

    You would need to crafting a winning retail brand Strategy for long-term Success. Do more of multiple store inventory management, employee staffing, finance, and store security focus on to succeed.

     

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