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Mike Smith

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

How can I know what my customers want?

In order for revenue to be realized in a particular business organization the business owner must definitely know what kind of products will meet the needs and wants of his or her potential customers and clients. But how exactly can ...Read more

In order for revenue to be realized in a particular business organization the business owner must definitely know what kind of products will meet the needs and wants of his or her potential customers and clients. But how exactly can he or she knows this?

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 11, 2026 at 6:51 am

    To understand what your customers want, you can use several strategies. Start by gathering feedback directly from them through surveys, interviews, or feedback forms. This helps you learn about their preferences and needs. Then again, analyze customer behavior data, such as purchase history or websiRead more

    To understand what your customers want, you can use several strategies. Start by gathering feedback directly from them through surveys, interviews, or feedback forms. This helps you learn about their preferences and needs. Then again, analyze customer behavior data, such as purchase history or website interactions, to identify trends and patterns. Engaging with customers on social media or through community forums can also provide insights into their desires and expectations. By combining these methods, you can gain a clearer picture of what your customers truly want

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

How can I chase away the sluggishness towards making money?

Without money in any individual’s life his or her life would be so miserable because he or she will be unable to purchase or have those things he or she wants or desire. One of the reasons why this occurs ...Read more

Without money in any individual’s life his or her life would be so miserable because he or she will be unable to purchase or have those things he or she wants or desire. One of the reasons why this occurs is when an individual has sluggishness or procrastination towards the act of making money. Which is why I asked above question?

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on April 27, 2026 at 5:09 pm

    When it comes to overcoming sluggishness in the aspect of making money, the first step is realizing that you are not really putting in the needed effort to make money, then the next step would be to set clear goals on what you need to do. Self discipline also plays a major role here in making sure tRead more

    When it comes to overcoming sluggishness in the aspect of making money, the first step is realizing that you are not really putting in the needed effort to make money, then the next step would be to set clear goals on what you need to do. Self discipline also plays a major role here in making sure that you stick to the rules you have set for yourself.  Look for ways to constantly inspire yourself to keep pushing even when things do not go as planned. 

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

What business can I start with $100 bill?

$100 bill when converted to naira would be within the rate of 120,000 naira. This is not that a huge amount of money. So having this morning as a capital what kind of business would you suggest that I establish?

$100 bill when converted to naira would be within the rate of 120,000 naira. This is not that a huge amount of money. So having this morning as a capital what kind of business would you suggest that I establish?

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  1. SHAHID987
    SHAHID987 Newcomer
    Added an answer on April 19, 2024 at 12:26 pm

    In USA, Canada and other western countries $100 is nothing to start a business. Here in Pakistan it is 30000 PKR. Which do have some meaning. So if we do have our own shop then we can start here a small general items store  with this amount. And we can easily start a vegetable cart business with it,Read more

    In USA, Canada and other western countries $100 is nothing to start a business. Here in Pakistan it is 30000 PKR. Which do have some meaning. So if we do have our own shop then we can start here a small general items store  with this amount. And we can easily start a vegetable cart business with it, as 10000 Rs will remain sufficient to purchase a cart and 20000 Rs will be much more to buy vegatables for two days. Sell this earn, take profit and invest it again.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Is lack of information a reason to not make money

Personally I believe that when an individual does not have concrete information as to how to make money whether online or offline he or she can be restricted and of course remain broke and poor. What do you all think?

Personally I believe that when an individual does not have concrete information as to how to make money whether online or offline he or she can be restricted and of course remain broke and poor. What do you all think?

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 11, 2026 at 6:54 am

    I don't see lack of information as a reason, rather i see it as an excuse. These days there are tons of platforms you can easily get information from, it could be through social media or on forums and with smartphones, people can easily access these places, gone are the days where getting informatioRead more

    I don’t see lack of information as a reason, rather i see it as an excuse. These days there are tons of platforms you can easily get information from, it could be through social media or on forums and with smartphones, people can easily access these places, gone are the days where getting information was extremely hard or difficult. 

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Why exactly is money worth making?

Apart from the fact that money is a general accepted item noted for being a means of exchange and it means of settling debt, and it means of accommodating and storing wealth. What exactly are other reasons that makes money ...Read more

Apart from the fact that money is a general accepted item noted for being a means of exchange and it means of settling debt, and it means of accommodating and storing wealth. What exactly are other reasons that makes money worth making?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on June 8, 2026 at 5:44 am

    Money is worth making because it gives you choices, security, and opportunities. Beyond being a means of exchange, it helps you meet basic needs, invest in your future, support your family, handle emergencies, and achieve personal goals. Money can fund education, healthcare, business ventures, and eRead more

    Money is worth making because it gives you choices, security, and opportunities. Beyond being a means of exchange, it helps you meet basic needs, invest in your future, support your family, handle emergencies, and achieve personal goals. Money can fund education, healthcare, business ventures, and experiences that improve quality of life. While money is not everything, having enough of it provides stability and the freedom to make important decisions with confidence.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Should I invest more money than I save or spend?

Investing money is for sure one of the most important money making activity everyone must indulge him or herself into in order to have enough to save and enough to spend. I stand to be corrected, because the above remarks ...Read more

Investing money is for sure one of the most important money making activity everyone must indulge him or herself into in order to have enough to save and enough to spend. I stand to be corrected, because the above remarks is my thoughts what do you all think?

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 12, 2026 at 5:55 am

    Investing can potentially grow your money over time, but it also comes with risks. Saving provides security and liquidity, meaning you can access your money easily when needed. Spending is necessary for daily living and enjoying life. The decision depends on individual financial goals, risk tolerancRead more

    Investing can potentially grow your money over time, but it also comes with risks. Saving provides security and liquidity, meaning you can access your money easily when needed. Spending is necessary for daily living and enjoying life. The decision depends on individual financial goals, risk tolerance, and current financial situation. For example, someone with a stable income and emergency savings might choose to invest more, while someone with less financial security might prioritize saving. 

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

How can I be guided to make money online?

Making money online as a newbie or as a beginner can be a daunting task that is why we need guidance when it comes to making money online especially if we have little or no idea on where to start ...Read more

Making money online as a newbie or as a beginner can be a daunting task that is why we need guidance when it comes to making money online especially if we have little or no idea on where to start from. I would suggest the youtube application to any newbie who wants to make money online but somehow the YouTube app is limited. Anyone having other tips or ideas can let me know on the comment section.

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on October 27, 2025 at 2:54 pm

    There are a lot of people out there who have fallen into various types of scams and even Ponzi schemes online simply because they lack guidance. I think the best way to go about this would be to constantly ask questions. Before jumping into any online earning opportunities, take out time to researchRead more

    There are a lot of people out there who have fallen into various types of scams and even Ponzi schemes online simply because they lack guidance. I think the best way to go about this would be to constantly ask questions. Before jumping into any online earning opportunities, take out time to research and find out if there are others who have done this before and what their experience was so far.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Is there any relationship between time and money?

Apart from knowing the fact that we need to make good use of our time possibly online or offline to make the most out of the internet space, I keep wondering what exactly is the relationship between money and time ...Read more

Apart from knowing the fact that we need to make good use of our time possibly online or offline to make the most out of the internet space, I keep wondering what exactly is the relationship between money and time because there are two distinct factors. Anyone having an idea to this question should please let me know on the comment section?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 6, 2025 at 1:26 pm

    I believe that there is a popular saying that time is money and I believe that that is very true because you really need time a lot to make money and then wasting your time is more or less like wasting your money because if you would had made proper use of that time you will have made more money I bRead more

    I believe that there is a popular saying that time is money and I believe that that is very true because you really need time a lot to make money and then wasting your time is more or less like wasting your money because if you would had made proper use of that time you will have made more money

    I believe that the more you are able to utilize your time then the more money you be able to make

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Is "spin to win" money making strategy real?

There are so many ways of making money online but the one that I have seen it very much common especially while suffering the internet are websites and advertisements claiming that I can win reasonable amount of money possibly in ...Read more

There are so many ways of making money online but the one that I have seen it very much common especially while suffering the internet are websites and advertisements claiming that I can win reasonable amount of money possibly in cryptocurrency only if I spend a particular wheel. I keep wondering is this strategy real or possibly a scam.

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on April 23, 2024 at 11:51 am

    I think it's more of gambling, there isn't any assurance of winning anything, I'd prefer a business where you can control the variable, you want to be able to make decisions and see them materialize, spin to win is a game of luck and the only thing you can control is whether to play or not, otherwisRead more

    I think it’s more of gambling, there isn’t any assurance of winning anything, I’d prefer a business where you can control the variable, you want to be able to make decisions and see them materialize, spin to win is a game of luck and the only thing you can control is whether to play or not, otherwise your outcome rely on pure luck.

    It’s no different than gambling or poker, all zero sum games

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Mike Smith
Mike SmithKnowledge Seeker
Asked: April 16, 2024In: Money & Business

Does making money online ever get old?

Almost everywhere that I go I see a lot of people which include my friends and relatives even my brothers and sisters talking about making money online, however this makes me to wonder whether making money online will ever get ...Read more

Almost everywhere that I go I see a lot of people which include my friends and relatives even my brothers and sisters talking about making money online, however this makes me to wonder whether making money online will ever get old or will ever go out of trend.  what do you all think?

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 12, 2026 at 6:08 am

    When it comes to making money online, i highly doubt it will ever get old. These days there are different ways you can make money online, and new ways keeps coming up. There are tons of affiliate marketing programs, even various freelancing gigs that keeps coming up. Social media platforms have alsoRead more

    When it comes to making money online, i highly doubt it will ever get old. These days there are different ways you can make money online, and new ways keeps coming up. There are tons of affiliate marketing programs, even various freelancing gigs that keeps coming up. Social media platforms have also created different ways you can make money online ranging from affiliate marketing programs, to content creation and even live streaming where you can make money from. 

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