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Mika

Expert Mind
Ask Mika
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Home» Mika»Answers
  • About
  1. Asked: April 30, 2024In: Money & Business

    How To Choose a Hosting Platform?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:50 am

    You need to think about three things, one, price of your hosting package, two features of your hosting package, and three the support provided by the hosting company. If money is not your issue, you can simply discard the first option but you still need to be careful about other two options. You neeRead more

    You need to think about three things, one, price of your hosting package, two features of your hosting package, and three the support provided by the hosting company. If money is not your issue, you can simply discard the first option but you still need to be careful about other two options. You need to see how much bandwith and disspace you will be given

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  2. Asked: April 19, 2024In: Money & Business

    Must I own a landed property for financial security?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:48 am

    If all assets you have landed property as well as a house is the most secured property you will have. Stocks can lose value, and when that happens you might not receive dividends or make loss when you sell. your landed property might also lose value but you can always rent it out to make an in come.Read more

    If all assets you have landed property as well as a house is the most secured property you will have. Stocks can lose value, and when that happens you might not receive dividends or make loss when you sell. your landed property might also lose value but you can always rent it out to make an in come. real estate market generates rent income, thus making it safe

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  3. Asked: April 30, 2024In: Crypto & Forex

    What have you gain in cryptocurrency?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:45 am

    I have been investing in crypto market for the last 4 years but I am yet to make substantial amount of profit. You see most of my investments were made when the market was bullish, therefore, my investment is not giving any returns because the market is yet to improve. having said that I have also mRead more

    I have been investing in crypto market for the last 4 years but I am yet to make substantial amount of profit. You see most of my investments were made when the market was bullish, therefore, my investment is not giving any returns because the market is yet to improve. having said that I have also made investment during bearish period and managed to make some profits.

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  4. Asked: April 30, 2024In: Money & Business

    how to save money to start a business?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:43 am

    You need to work and make money. Without making money, you cannot save. When you have saved money for a long time, you can use your money to start a business. However, you should also avoid using your entire savings for your business as business is risky and you might not always make profits. You neRead more

    You need to work and make money. Without making money, you cannot save. When you have saved money for a long time, you can use your money to start a business. However, you should also avoid using your entire savings for your business as business is risky and you might not always make profits. You need to start small and gradually upgrade your business

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  5. Asked: April 30, 2024In: Money & Business

    Loaning money to start a business is it good?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:41 am

    If you want to get a loan for a business, you should not be afraid as you are tying to use loan to build a business that will create profits. However, most of the time it does not work the way you planned, therefore, it is always necessary to have plan B regarding your repayment plan. You need to thRead more

    If you want to get a loan for a business, you should not be afraid as you are tying to use loan to build a business that will create profits. However, most of the time it does not work the way you planned, therefore, it is always necessary to have plan B regarding your repayment plan. You need to think how you would handle loan if your business fails

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  6. Asked: August 14, 2023In: Money & Business

    How long have you been investing?

    Mika
    Mika Expert Mind
    Added an answer on May 1, 2024 at 4:40 am

    The first investment I ever made was on stock market about 7 years ago. I was still in college and I had saved some money form the allowances my parents gave me. I bought 10 IPO shares which cost me around $5. I held stocks for a couple of months and then sold it for 3 x profit. I did not spend my pRead more

    The first investment I ever made was on stock market about 7 years ago. I was still in college and I had saved some money form the allowances my parents gave me. I bought 10 IPO shares which cost me around $5. I held stocks for a couple of months and then sold it for 3 x profit. I did not spend my profits. In fact I saved and when I spotted another IPO I invested all my money

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  7. Asked: April 28, 2024In: Money & Business

    Rules for Building a Passive Income?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:25 am

    There are two things involved with creating passive income. One, you need money to invest, and two, you need skills to create something tangible. When you have money, you can invest in the market and earn passive income. When you have skills to create product, you can sell product and generate passiRead more

    There are two things involved with creating passive income. One, you need money to invest, and two, you need skills to create something tangible. When you have money, you can invest in the market and earn passive income. When you have skills to create product, you can sell product and generate passive income. The first month is easier than the second method.

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  8. Asked: April 27, 2024In: Money & Business

    How to make money from custard production

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:21 am

    Custard is one of the prime ingrdients used in ice cream, cakes, and various dessert. I have not been involved in any kind of food business, neither as a manufacturer or a seller. Food business can be very complicated as you need to get permits form various departments include trade and commerce, quRead more

    Custard is one of the prime ingrdients used in ice cream, cakes, and various dessert. I have not been involved in any kind of food business, neither as a manufacturer or a seller. Food business can be very complicated as you need to get permits form various departments include trade and commerce, quality control, and health departments. There is a lot of hassle

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  9. Asked: April 29, 2024In: Insurance, Money & Business

    How many types of insurance should you take?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:16 am

    Number of insurance policies you should have depends on your necessities and priorities. I am perfectly healthy individual, I have no known diseases, so I do not have health insurance, if you become sick frequently getting health insurance makes sense. I don't have a house, so I don't have home insuRead more

    Number of insurance policies you should have depends on your necessities and priorities. I am perfectly healthy individual, I have no known diseases, so I do not have health insurance, if you become sick frequently getting health insurance makes sense. I don’t have a house, so I don’t have home insurance. If you have a house, you need home insurance. I have endowment insurance, which I am using as my retirement planning

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  10. Asked: April 14, 2024In: Money & Business

    How much money is enough to spend on fun?

    Mika
    Mika Expert Mind
    Added an answer on April 30, 2024 at 5:12 am

    There are a lot of factors that determine how much money do you need to spend for entertainment and fun. If you have outstanding loan if you have bills to pay, and debt to settle, it is not a good idea to spend money on entertainment. If you are not able to pay for necessities, it is also not good iRead more

    There are a lot of factors that determine how much money do you need to spend for entertainment and fun. If you have outstanding loan if you have bills to pay, and debt to settle, it is not a good idea to spend money on entertainment. If you are not able to pay for necessities, it is also not good idea to waste money on entertainment and fun. You should spend on fun only when your finances are in good condition

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