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Mika

Expert Mind
Ask Mika
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776 Questions
Home» Mika»Answers
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  1. Asked: April 27, 2024In: Money & Business

    How Raise Capital From Friends and Family?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:04 am

    If your funding requirement is small, you can of course raise funds form your friends and family. And the best part is most of the time, you do not have to give interest on your borrowed money. If you have a lot of friends and family who are willing to help you and want to see you succeed, this is tRead more

    If your funding requirement is small, you can of course raise funds form your friends and family. And the best part is most of the time, you do not have to give interest on your borrowed money. If you have a lot of friends and family who are willing to help you and want to see you succeed, this is the best method to raise funds. However, raising big funds is not possible

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

    How to avoid debt when planing for marriage

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 4:02 am

    I do not see how can someone go into debt while getting married. There is just one requirement to get married, you need a partner. Once both of you agree, you can get married in a Church, a court, or what ever marriage tradition you have. Well, you might need some money to register your marriage andRead more

    I do not see how can someone go into debt while getting married. There is just one requirement to get married, you need a partner. Once both of you agree, you can get married in a Church, a court, or what ever marriage tradition you have. Well, you might need some money to register your marriage and make it legal but that’s a small amount. If you don’t make your marriage public affair, you don’t get into debt.

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

    Why is difficult for the poor to collect loan

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 3:59 am

    You can get a loan only when the lender is assured that you can pay back. Would you lend money to someone who cannot pay back? Well, that's the same case with other lenders. Poor people do not have resources to pay back, therefore, they have difficulty in getting a loan. Even if the poor people canRead more

    You can get a loan only when the lender is assured that you can pay back. Would you lend money to someone who cannot pay back? Well, that’s the same case with other lenders. Poor people do not have resources to pay back, therefore, they have difficulty in getting a loan. Even if the poor people can show resources to pay back they might not have colleteral and having a colleteral is very important to get a loan

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  4. Asked: September 1, 2023In: Crypto & Forex

    is cryptocurrency investment the best investment?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 3:55 am

    Yes, it is the best investment. If you check crypto market, you will see how big it has grown in just 15 years. Bitcoin became zero top $65K in 15 years and crypto market became zero to $2.3 trillion market in just 15 years. There is no other asset that has grown as big as crypto. It is risky but itRead more

    Yes, it is the best investment. If you check crypto market, you will see how big it has grown in just 15 years. Bitcoin became zero top $65K in 15 years and crypto market became zero to $2.3 trillion market in just 15 years. There is no other asset that has grown as big as crypto. It is risky but it is the best investment for those who can take calculated risks

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  5. Asked: September 10, 2023In: Crypto & Forex

    What are ways of making money with crypto currency?

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 3:52 am

    If you have money, you can invest or trade crypto and generate income. When you invest, you not only profit when the price goes up, you can also stake or yield farm to generate additional income. If you do not have money to invest or trade, you can still profit by working for crypto payment. There aRead more

    If you have money, you can invest or trade crypto and generate income. When you invest, you not only profit when the price goes up, you can also stake or yield farm to generate additional income. If you do not have money to invest or trade, you can still profit by working for crypto payment. There are sites that pay you crypto for working, for instance PtP sites, micro job sites, get paid to sites, etc.

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

    Save money cooking at home instead of dining outside

    Mika
    Mika Expert Mind
    Added an answer on April 28, 2024 at 3:50 am

    There are a lot of factors consider to determine whether you can actually save money by cooking at home or not. Well, you might have to spend $10 for a lunch at a restuarant but if you cook at home, you can do it with just $5. But you also have to spend time buying groceries, cooking and then cleaniRead more

    There are a lot of factors consider to determine whether you can actually save money by cooking at home or not. Well, you might have to spend $10 for a lunch at a restuarant but if you cook at home, you can do it with just $5. But you also have to spend time buying groceries, cooking and then cleaning. If you convert time spent to money saved, would you still save money by cooking at home?

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  7. Asked: April 25, 2024In: Money & Business

    What is the best way to save for retirement?

    Mika
    Mika Expert Mind
    Added an answer on April 27, 2024 at 3:34 am

    Saving does not give you a good returns, therefore, even when you wan t to build retirement funds, you need to avoid keeping money on saving account. In my opinion one of the best ways to build retirement funds is buying endowment life insurance plan. You can pay premium fore 15-20 years and once itRead more

    Saving does not give you a good returns, therefore, even when you wan t to build retirement funds, you need to avoid keeping money on saving account. In my opinion one of the best ways to build retirement funds is buying endowment life insurance plan. You can pay premium fore 15-20 years and once it matures you will have size able amount that you can use for paying your bills after retirement.

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  8. Asked: August 15, 2023In: Money & Business

    Your top tip to save without sacrificing enjoyment?

    Mika
    Mika Expert Mind
    Added an answer on April 27, 2024 at 3:31 am

    I do not see how enjoyment and saving fit together. Do you think you can save even when you go on a vacation or buy luxury items? Unless you are earning very big, it is not possible to enjoy life and save money at the same time. However, if you are determined to do this and if you have moderate leveRead more

    I do not see how enjoyment and saving fit together. Do you think you can save even when you go on a vacation or buy luxury items? Unless you are earning very big, it is not possible to enjoy life and save money at the same time. However, if you are determined to do this and if you have moderate level of income, you can start budgeting to save and enjoy life

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  9. Asked: August 19, 2023In: Money & Business

    Can we really make money on selling items online

    Mika
    Mika Expert Mind
    Added an answer on April 27, 2024 at 3:29 am

    I sell products and services online and I generate sales, therefore, I can assure that you can really make money selling items online. Now, you might also want to know, how is it possible? Well, the answer depends on several factors. First and foremost, you need the right product to sell.The right pRead more

    I sell products and services online and I generate sales, therefore, I can assure that you can really make money selling items online. Now, you might also want to know, how is it possible? Well, the answer depends on several factors. First and foremost, you need the right product to sell.The right product is the product that has the potentiality of selling, you also need the right marketing strategies

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  10. Asked: October 11, 2023In: Money & Business

    Can a business man work online?

    Mika
    Mika Expert Mind
    Added an answer on April 27, 2024 at 3:24 am

    Why do you want to work online if you already have a business and your business is making profits? The only possible answer I can think of is you want to expand your business by working online. You can start selling your products online. Even when you are not selling online, you can do online marketRead more

    Why do you want to work online if you already have a business and your business is making profits? The only possible answer I can think of is you want to expand your business by working online. You can start selling your products online. Even when you are not selling online, you can do online marketing. A business should focus on his business instead of wandering here and there

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