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Mike Smith

Knowledge Seeker
Ask Mike Smith
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231 Questions
Home» Mike Smith»Answers
  • About
  1. Asked: August 31, 2023In: Money & Business

    What are the best strategies to eliminate debt quickly?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 2, 2023 at 5:48 am

    One of the best and necessary way an individual can avoid getting into too much debt is by making sure to avoid unnecessary spending and one of the best way of doing so is by preparing a budget which can help him or her to allocate the right amount of money for the right amount of financial responsiRead more

    One of the best and necessary way an individual can avoid getting into too much debt is by making sure to avoid unnecessary spending and one of the best way of doing so is by preparing a budget which can help him or her to allocate the right amount of money for the right amount of financial responsibilities and activities. Another way of making sure never to get into too many debts is by having more than one sources of income. Having more than one sources of income eliminates an individual’s ability to never settle his or her financial needs.

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  2. Asked: August 28, 2023In: Money & Business

    Is there a maximum amount of debt I can take on?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 2, 2023 at 5:46 am

    There is literally no specified amount of figure considered as debt in which an individual must take on and the reason is because individuals financial priority and responsibilities usually differ and what an individual who is a single person would want to accomplish with a loan might be different fRead more

    There is literally no specified amount of figure considered as debt in which an individual must take on and the reason is because individuals financial priority and responsibilities usually differ and what an individual who is a single person would want to accomplish with a loan might be different from what a married man or woman would want to accomplish with a loan borrowed. However what is advised is that whatever amount of money that you borrow, it must be an amount in which you are able and capable of paying back. Moreover your ability to pay back depends on the kind of activity in which you intend to invest the money in which you have borrowed.

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  3. Asked: August 31, 2023In: Money & Business

    Reasons we don't borrow our relatives money?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:27 am

    So many reasons exist why individuals do not like the idea of borrowing money from their relatives but one of the most common reasons why people do not borrow money from their relatives no matter how close to them is that they do not want to betray their trust, you're really think my trust you so muRead more

    So many reasons exist why individuals do not like the idea of borrowing money from their relatives but one of the most common reasons why people do not borrow money from their relatives no matter how close to them is that they do not want to betray their trust, you’re really think my trust you so much in such a way that they are able to help you financially but not being able to pay back the financial help in which they have granted to you at the agreed date could absolutely kill the trust they have for you and somehow they bring in some sort of family problem and disagreement. Some people do not seek financial help from the relative so that they do not face discouragement. This is true because most times family members and relatives to an individual may not have that individual good interest as hard and they want to discourage him or her.

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  4. Asked: August 31, 2023In: Money & Business

    Reasons we don't borrow our relatives money?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:27 am

    So many reasons exist why individuals do not like the idea of borrowing money from their relatives but one of the most common reasons why people do not borrow money from their relatives no matter how close to them is that they do not want to betray their trust, you're really think my trust you so muRead more

    So many reasons exist why individuals do not like the idea of borrowing money from their relatives but one of the most common reasons why people do not borrow money from their relatives no matter how close to them is that they do not want to betray their trust, you’re really think my trust you so much in such a way that they are able to help you financially but not being able to pay back the financial help in which they have granted to you at the agreed date could absolutely kill the trust they have for you and somehow they bring in some sort of family problem and disagreement. Some people do not seek financial help from the relative so that they do not face discouragement. This is true because most times family members and relatives to an individual may not have that individual good interest as hard and they want to discourage him or her.

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  5. Asked: August 31, 2023In: Money & Business

    Is it wise to use home appliances and pay off debts?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:24 am

    Personally I think that the decision for an individual to pay off his or her financial debt by selling his or her home appliances is left for him or her to do so or to choose for. What is expected is basically that he or she plans and carry out their ups and downs involved in taking such action. IfRead more

    Personally I think that the decision for an individual to pay off his or her financial debt by selling his or her home appliances is left for him or her to do so or to choose for. What is expected is basically that he or she plans and carry out their ups and downs involved in taking such action. If the impact is going to be negative then it is expected that he or she does not do so but if the impact is going to be a kind in which he or she can be here then doing so is accepted.

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  6. Asked: August 27, 2023In: Money & Business

    When is the right time to start saving?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:19 am

    There is absolutely no right time to save money other than now, in fact I do not consider this a reasonable question and individual should ask because the whole idea of saving money is to be financially prepared for the future which in all ramification holds a lot of uncertainties which made in allRead more

    There is absolutely no right time to save money other than now, in fact I do not consider this a reasonable question and individual should ask because the whole idea of saving money is to be financially prepared for the future which in all ramification holds a lot of uncertainties which made in all aspects requires they need and use of money is to successfully and efficiently manage. It is definitely expected that an individual makes good use of his or her time and energy when it comes to the financial activity of saving money, however an individual is expected to have a good source of income because when he or she has a good source of income, sufficient and efficient and location of financial resources is assured.

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  7. Asked: September 1, 2023In: Money & Business

    How to create a budget that works?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:16 am

    It's not all about knowing how to create a budget but surely it is all about knowing how to create a budget that works and helps you save more money and spend less. The whole idea of engaging in the financial activity of budgeting is so as to manage one's wealth especially in the individual is tryinRead more

    It’s not all about knowing how to create a budget but surely it is all about knowing how to create a budget that works and helps you save more money and spend less. The whole idea of engaging in the financial activity of budgeting is so as to manage one’s wealth especially in the individual is trying to cut down spending and yet boost savings and investment. An individual can successfully create a budget by having in mind the amount of money in which he or she is allocating for the budget. For example individual repairs a grocery store list of $400 in mind, this $400 must be able to accommodate all the what is in the grocery list as well as contingencies that may occur. An individual must therefore need to stick to the budget created and not only preparing it.

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  8. Asked: August 31, 2023In: Money & Business

    How to enter into new business opportunities?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:14 am

    To successfully enter into a new business opportunities and individual will need creative and critical thinking and planning to successfully do so. If an individual begins to have interest or feelings to establish a particular business opportunity he or she must not to rush into it or allowed the neRead more

    To successfully enter into a new business opportunities and individual will need creative and critical thinking and planning to successfully do so. If an individual begins to have interest or feelings to establish a particular business opportunity he or she must not to rush into it or allowed the negative attitude of desperateness to make him established a business in which he or she have no full knowledge about. Proper planning and feasibility study about such business opportunity will help him or her no the ups and downs as well as the do’s and don’t in such business opportunity so that when he or she establishes its, growth and development is assured.

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  9. Asked: August 31, 2023In: Blogging, Websites & Online Skills

    How Difficult is it to Run a blog?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:12 am

    It may not be exactly difficult for an individual to successfully run a blog, however he or she is expected to give in his or her ultimate ability when it comes to running and managing a blog page. An individual who intend making money by being a blogger must be very much creative to bring in the laRead more

    It may not be exactly difficult for an individual to successfully run a blog, however he or she is expected to give in his or her ultimate ability when it comes to running and managing a blog page. An individual who intend making money by being a blogger must be very much creative to bring in the latest and trending content in the form of videos posting and articles so as to meet the interests of individuals searching for information like this. He or she must also choose blogging niche that meets his or her ability and, just like I always suggest blogging issues such as education, health, and entertainment at the most popular these days.

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  10. Asked: August 31, 2023In: Money & Business

    Can I make money from a fashion blog?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 1, 2023 at 9:10 am

    Making money from a fashion blog is absolutely a time-consuming activity but very much more rewarding. One of the main reason why I would say that this kind of blogging will be time-consuming is because it is not like any other regular blogging on popular need such as entertainment and health or eveRead more

    Making money from a fashion blog is absolutely a time-consuming activity but very much more rewarding. One of the main reason why I would say that this kind of blogging will be time-consuming is because it is not like any other regular blogging on popular need such as entertainment and health or even education but on the fashion area it will definitely require an individual a great deal of his or her time. However I need a good working successfully do this by having a good and sure supplier in the fashion area. He or she must therefore successfully bring out the best in all fashion trending male and female ways so as to meet the interest and entice the ability of his or her onlookers to purchase.

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