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Mika

Expert Mind
Ask Mika
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776 Questions
Home» Mika»Answers
  • About
  1. Asked: September 13, 2023In: Money & Business

    Why customer feedback is important in business?

    Mika
    Mika Expert Mind
    Added an answer on September 16, 2023 at 6:27 am

    Customer feedback is very important but the feedback should not be some random feedback, instead, it should be positive feedback, negative feedback will kill your business. When you get positive feedback it will boost confidence in other people to buy from you. Having a lot of positive feedback meanRead more

    Customer feedback is very important but the feedback should not be some random feedback, instead, it should be positive feedback, negative feedback will kill your business. When you get positive feedback it will boost confidence in other people to buy from you. Having a lot of positive feedback means you have a lot of satisfied customers., Satisfied customers can always be your brand ambassadors.

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  2. Asked: September 15, 2023In: Money & Business

    How to save money as a monthly earner?

    Mika
    Mika Expert Mind
    Added an answer on September 16, 2023 at 6:18 am

    if you receive a monthly salary, it is easier to save money compared to those who do not receive a monthly salary. When you have a monthly paying job, you have a regular income, when your income is regular, you can easily start saving money. When you receive salary bt the end of the month, make sureRead more

    if you receive a monthly salary, it is easier to save money compared to those who do not receive a monthly salary. When you have a monthly paying job, you have a regular income, when your income is regular, you can easily start saving money. When you receive salary bt the end of the month, make sure you deduct 10-120 percent and the save it in a bank, and with the remaining money mantain your life for the entire month.

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  3. Asked: September 12, 2023In: Money & Business

    Do online business involves risk?

    Mika
    Mika Expert Mind
    Added an answer on September 16, 2023 at 6:14 am

    Just like any other business, online business also possesses a lot of risks. Online business is heavily depended on SEO and digital marketing for generating sales if you do not have these skills and if yo do not have money to hire someone to do these, you have no chance of selling. However, unlike oRead more

    Just like any other business, online business also possesses a lot of risks. Online business is heavily depended on SEO and digital marketing for generating sales if you do not have these skills and if yo do not have money to hire someone to do these, you have no chance of selling. However, unlike other type of business, online business does not need a huge investment, therefore, relatively less risky.

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  4. Asked: September 15, 2023In: Money & Business

    What are some tips for reducing expenses and saving money?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:18 am

    If you use energy-efficient appliances, you will save money on electricity bills. Therefore, you expenses will be reduced If you grow vegetables, you will be able to save money on food bills. If you eat home-cooked food you will also be able to save a lot of money, thus, your expenses will go down.Read more

    If you use energy-efficient appliances, you will save money on electricity bills. Therefore, you expenses will be reduced

    If you grow vegetables, you will be able to save money on food bills. If you eat home-cooked food you will also be able to save a lot of money, thus, your expenses will go down.

    If you recycle and upcycle clothes, you will be able to save money on clothes, and your expenses on clothing item will go down

     

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  5. Asked: September 14, 2023In: Money & Business

    Surviving Inflation: Increase Income Level or Reducing Expenses?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:15 am

    In order to survive inflation, you should not only increase your income by doing extra work but also reduce your expenses. You will have to do both to survive inflation. When there is inflation, your money cannot buy as many things as it would in the past, the value of money will go do, and in a sitRead more

    In order to survive inflation, you should not only increase your income by doing extra work but also reduce your expenses. You will have to do both to survive inflation. When there is inflation, your money cannot buy as many things as it would in the past, the value of money will go do, and in a situation like this you might not be able to pay your bills on necessary items, so reducing your expenses might be very difficult.

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  6. Asked: September 15, 2023In: Money & Business

    How can I save money from my salary?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:12 am

    You receive a salary which means you have a regular income, when you have a regular income, you will receive money based on your payment cycle (weekly, fortnightly, or monthly). Whenever you receive a salary, you need to deduct at least 10 percent from your salary and keep the funds locked in a fixeRead more

    You receive a salary which means you have a regular income, when you have a regular income, you will receive money based on your payment cycle (weekly, fortnightly, or monthly). Whenever you receive a salary, you need to deduct at least 10 percent from your salary and keep the funds locked in a fixed deposit bank account or high yield savings account. One major mistake related to saving is people try to save whatever is left after they have paid bills.

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  7. Asked: September 14, 2023In: Money & Business

    Financial habits you need to manage your money?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:09 am

    In order to manage your money properly, you need two things, one earn a lot of money, and two, spend as little as you can. When you are earning well, you will be able to use your money in the best possible way. When you have money you can invest as well as save. You also need to spend less to manageRead more

    In order to manage your money properly, you need two things, one earn a lot of money, and two, spend as little as you can. When you are earning well, you will be able to use your money in the best possible way. When you have money you can invest as well as save. You also need to spend less to manage your money. You should avoid making unnecessary expenses, and only buy things that you actually need.

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

    What is a good way to come up with a personal finance plan?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:07 am

    Budgeting is one of the best ways to build your personal finance plan. Budgeting means you set aside your total income and divide your income based on your expenses, savings and investments. When you are budgeting, you will be able to manage your funds properly. You will have to set funds for variouRead more

    Budgeting is one of the best ways to build your personal finance plan. Budgeting means you set aside your total income and divide your income based on your expenses, savings and investments. When you are budgeting, you will be able to manage your funds properly. You will have to set funds for various categories and you will have to strictly stay within your budget to make your budgeting work properly.

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  9. Asked: September 15, 2023In: Money & Business

    Why is money management important than getting money?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:04 am

    If you are good at money management, you will be able to grow your wealth even when you have a moderate income level. If you do not have any skills with money management, even your big income level will not help you grow your wealth. Money management means you are able to utilize your income in theRead more

    If you are good at money management, you will be able to grow your wealth even when you have a moderate income level. If you do not have any skills with money management, even your big income level will not help you grow your wealth. Money management means you are able to utilize your income in the best possible way., money management means you are able to save and invest with when ever you are earning.

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  10. Asked: September 5, 2023In: Money & Business

    Should i invest my extra cash, or use it to pay off debts?

    Mika
    Mika Expert Mind
    Added an answer on September 15, 2023 at 5:02 am

    If you have debt, your first priority should always be on paying off your debt. Your debt will continue to incur interest and it will continue to grow. Therefore, the longer you take to pay the debt, the higher your payable interest. Investing can grow your money but there is no guarantee that yourRead more

    If you have debt, your first priority should always be on paying off your debt. Your debt will continue to incur interest and it will continue to grow. Therefore, the longer you take to pay the debt, the higher your payable interest. Investing can grow your money but there is no guarantee that your investment will give you a return or as much return as you want. Faster you pay your debt, better will be your financial health

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