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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 18, 2023In:

A lot of people believe that gambling is a good form of investment, personally I do not believe this because when we talk about gambling there is always a chance to lose rather than being guaranteed to win. Gambling absolutely ...Read more

A lot of people believe that gambling is a good form of investment, personally I do not believe this because when we talk about gambling there is always a chance to lose rather than being guaranteed to win. Gambling absolutely comes in different ways, but one of the obvious gambling people engage in is sports gambling (sport betting). What are your opinions on this question?

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gambling as an investmentreal investment
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    In my opinion, gambling is not a reliable form of investment because it mainly depends on luck rather than careful planning or value creation. While some people may win money temporarily, many others lose more than they gain over time. Real investments usually involve research, patience, and lower rRead more

    In my opinion, gambling is not a reliable form of investment because it mainly depends on luck rather than careful planning or value creation. While some people may win money temporarily, many others lose more than they gain over time. Real investments usually involve research, patience, and lower risk, such as businesses, skills, or assets. Gambling, especially sports betting, can easily become addictive and financially damaging if not controlled.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 18, 2023In:

Obviously second hand products or properties will not be high in price as that of a brand new product of the same function. That is why majority of individuals preferred buying second-hand used products or properties instead for going for ...Read more

Obviously second hand products or properties will not be high in price as that of a brand new product of the same function. That is why majority of individuals preferred buying second-hand used products or properties instead for going for brand new ones. Buying second-hand products helps an individual’s save money that he or she would have spent what are going for a brand new product. In as much as this is the benefit, I believe, there are some disadvantage and demerits in buying second-hand used product all properties. What are thy?

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minimising expensemoney usage
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    I believe it is a matter of preference than it being right or wrong. Personally there is notting wrong with buying a fairly used or second hand product, as long as it is still usable and most importantly it is affordable and serves the purpose for buying it. There are people who do not like buying sRead more

    I believe it is a matter of preference than it being right or wrong. Personally there is notting wrong with buying a fairly used or second hand product, as long as it is still usable and most importantly it is affordable and serves the purpose for buying it.

    There are people who do not like buying second hand products simply due to their own personal taste, or for one reason or the other.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 18, 2023In:

Each time I go out to the mall to buy things that I need, sometimes the goods and products there may change in price way above what I expected or what I bought them last time. Should I to focus ...Read more

Each time I go out to the mall to buy things that I need, sometimes the goods and products there may change in price way above what I expected or what I bought them last time. Should I to focus on the product price or better still buy the products despite the price change just because it is of high quality?

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personal finance managementshopping skills.
  1. Inem
    Inem Knowledge Seeker

    The reality of the times that we are living in is that goods and services continue to see spikes in prices almost on a daily basis. If the particular brand for a product that you always use has increased in price, you might have to check if there are other brands that are cheaper and still effectiveRead more

    The reality of the times that we are living in is that goods and services continue to see spikes in prices almost on a daily basis. If the particular brand for a product that you always use has increased in price, you might have to check if there are other brands that are cheaper and still effective. That would need some level of research from you. Some products are more expensive because they are top brands. If the other less popular brands are equally as effective, you can switch allegiance quickly.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

This question is absolutely important because majority of individuals think that in order to save money successfully they must indeed have a goal in which they are looking forward to achieve. Personally I do not consider this as important because, ...Read more

This question is absolutely important because majority of individuals think that in order to save money successfully they must indeed have a goal in which they are looking forward to achieve. Personally I do not consider this as important because, in all ramification opportunities to use our saving money will show up in the future but we need to be prepared for this, investment opportunities may be found or financial emergencies may occur, whichever way an individual must be financially prepared and to be financially prepared, saving money must be done. What do you guys think?

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goal to save moneysavings
  1. Precious
    Precious Knowledge Seeker KIDI CARE

    Having a particular goals in mind to start saving us not a bad idea as it contribute in a successful saving plan, having a goals in mind is this attitude that push people to concentrate on their saving because the goal you wish to archive is important but it doesn't  change the fact that developingRead more

    Having a particular goals in mind to start saving us not a bad idea as it contribute in a successful saving plan, having a goals in mind is this attitude that push people to concentrate on their saving because the goal you wish to archive is important but it doesn’t  change the fact that developing a saving habits even when there’s no goals to archive is important because it helps in time of emergency.

    It’s good to have a goals when saving but it’s a great idea to start saving even when there’s no goals to archive because emergency happen unexpected.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

Some individuals tend to have more amount of income coming in than others, And this absolutely makes them to spend more money than others or even spend money without even caring without what they are buying is of need to ...Read more

Some individuals tend to have more amount of income coming in than others, And this absolutely makes them to spend more money than others or even spend money without even caring without what they are buying is of need to them. Basically they are both classification of individuals are known as irrational money spenders. An individual should be a price conscious money spender or possibly a rational money spender. Which are you?

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money spendingmoney usage
  1. Avarose
    Avarose Enlightened Mentor

    I consider myself a price-conscious money spender. I try to think carefully before making purchases, comparing prices and weighing whether I really need something. I focus on getting value for my money rather than just spending freely, which helps me avoid impulse buys and save for bigger goals. BeiRead more

    I consider myself a price-conscious money spender. I try to think carefully before making purchases, comparing prices and weighing whether I really need something. I focus on getting value for my money rather than just spending freely, which helps me avoid impulse buys and save for bigger goals. Being mindful doesn’t mean being frugal all the time it’s about spending smartly and prioritizing what truly matters.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

It is necessary for a business organisation to possess goals and objectives in which it want to achieve. A particular business goal or objective can totally be different from another business elsewhere in terms of its goals and objectives too. ...Read more

It is necessary for a business organisation to possess goals and objectives in which it want to achieve. A particular business goal or objective can totally be different from another business elsewhere in terms of its goals and objectives too. But for sure all business want to make profit and boost earnings or output. What do you guys think should be a businessman goal or objective.

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business establishingbusiness goals and objectives
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    Every business needs to have a goal, it is the goal that makes them stay focused and motivated. The goal also gives them a purpose. Then when it comes to the goal of the business, it is usually different for each business. For some their major goal is simply to make profit, while there are some whosRead more

    Every business needs to have a goal, it is the goal that makes them stay focused and motivated. The goal also gives them a purpose. Then when it comes to the goal of the business, it is usually different for each business. For some their major goal is simply to make profit, while there are some whose goal is simply to expand and make their business a house hold name.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

Not all individuals may be able to manage and operate a business, the reason is because there are some certain qualities an individual must possess so as to be considered qualified and destined to manage and operate business. First of ...Read more

Not all individuals may be able to manage and operate a business, the reason is because there are some certain qualities an individual must possess so as to be considered qualified and destined to manage and operate business. First of all when an individual possesses quality like industriousness and hard-working, such individual process business qualities, also if an individual possess skill of observation and critical thinking or creativity, such individuals possess business skills and can succeed in business. What do you guys think?

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business individualsbusiness management
  1. Carpon
    Carpon Expert Mind Hustler

    Despite the facts that business has proven to be one of the best ways to make money and indeed most of the richest people that you see are actually engaged in business what there are some people that can never be able to make it in business because of the fact that they are not business oriented TheRead more

    Despite the facts that business has proven to be one of the best ways to make money and indeed most of the richest people that you see are actually engaged in business what there are some people that can never be able to make it in business because of the fact that they are not business oriented

    There are people that it seems as do they were naturally born to become business people while others has do they were born to never be able to make it in business and that is one divided line between people that do well in business and people that never do well even though other reasons contribute

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

The cost involved in establishing businesses usually differ from country to country as a result of how much is the currency rate of one country to another country, in my country which is Nigeria started a business over here is ...Read more

The cost involved in establishing businesses usually differ from country to country as a result of how much is the currency rate of one country to another country, in my country which is Nigeria started a business over here is absolutely hard and the reason is because, Nigeria is not known to be a manufacturing country, and almost everything we consume over here is imported, as a result of this, getting resources for efficient business operations that will yield results is on the high side, however only those who are financially adequate and stable and able to own and manage business, and the worst part is that the government is given little or no attention to this. How is in for your country?

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business establishmentforeign businesses
  1. Augusta
    Augusta Enlightened Mentor

    Yes I think it is easy to start a business here. You can start a business along a roadside without needing to pay anything before starting. You can even start in your home provided you have the capital to start or have the credit worthiness for anyone to give you their products to start out with. SoRead more

    Yes I think it is easy to start a business here. You can start a business along a roadside without needing to pay anything before starting. You can even start in your home provided you have the capital to start or have the credit worthiness for anyone to give you their products to start out with. So the difficult part might just he the business idea to use but fir starting out it is easy

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

A typical individual who manages and operates business all by him or herself is basically a sole proprietor, and in as much as being a sole proprietor to any kind of business simply means that you are entitled to the ...Read more

A typical individual who manages and operates business all by him or herself is basically a sole proprietor, and in as much as being a sole proprietor to any kind of business simply means that you are entitled to the business profits wealth and good incentives, also you should be aware that there are some downsides as well as dangers to this. First and foremost lack of communication from any opposite party could lead to poor judgement, to be more clear, since a supervisor who manages a business alone that simply means that most of the decision carried out in the business will be from his or her own mindset and discreetion, and most of the time his or her decision may not prevail. But in a group or partner business, there is an open floor for each members of the business to give him ideas as well as opinions and perception on any matter brought to table, and as a result of this informed judgement is guaranteed. What are other downsides do you guys have add?

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business establishingsole proprietorship
  1. Esther012345
    Esther012345 Newcomer

    Managing and running a business alone can work, especially at the early stage, but it also comes with real dangers that many people underestimate. One major risk is overload. When one person handles everything—planning, finances, marketing, customer service, and operations—it is easy to become physiRead more

    Managing and running a business alone can work, especially at the early stage, but it also comes with real dangers that many people underestimate. One major risk is overload. When one person handles everything—planning, finances, marketing, customer service, and operations—it is easy to become physically and mentally exhausted. Over time, stress and burnout can reduce decision-making quality and even affect health.

    Another danger is limited perspective. When you work alone, all decisions come from one point of view. This can lead to blind spots, such as ignoring market changes, misjudging customer needs, or missing better ways to solve problems. Having partners, employees, or even advisors helps challenge ideas and improve judgment.

    Running a business alone also increases the risk of skill gaps. No one is good at everything. A solo business owner may be strong in one area, like product or service delivery, but weak in accounting, marketing, or legal compliance. These weaknesses can lead to financial losses, poor growth, or regulatory trouble if not addressed early.

    There is also the issue of business continuity. If the owner falls sick, has a family emergency, or needs a break, the business may completely stop. This can affect customers, income, and reputation. A team or system makes it easier for the business to continue operating even when the owner is unavailable.

    Emotional pressure is another concern. Running a business alone means carrying all responsibility alone. Failures, losses, or tough decisions can feel heavier without someone to share the burden or offer encouragement. This isolation can reduce motivation over time.

    Finally, solo management can slow growth. One person has limited time and energy, which can restrict how fast the business expands. Opportunities may be missed simply because the owner cannot handle more work alone.

    However, these dangers do not mean running a business alone is wrong. Many successful businesses start this way. The key is awareness. Seeking mentorship, outsourcing certain tasks, building simple systems, and gradually involving trusted people can reduce these risks. With planning, humility, and support, a solo entrepreneur can protect both the business and personal wellbeing while growing steadily and responsibly.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

The activities done in a business place can be successfully and credibly carried out if an individual is more experienced in business activities. Personally I believe that there is more in which an individual must have in him or herself ...Read more

The activities done in a business place can be successfully and credibly carried out if an individual is more experienced in business activities. Personally I believe that there is more in which an individual must have in him or herself apart from Capital to establish a successful and prosperous business. How would you guys answer this question?

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business establishingmanagement in business
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    When it comes to starting a business, it requires a lot of research and planning. One reason why we have so many business today that do not last is simply because most of these people rush into the business without taking time to know the risk involved or even what they need to actually do in the buRead more

    When it comes to starting a business, it requires a lot of research and planning. One reason why we have so many business today that do not last is simply because most of these people rush into the business without taking time to know the risk involved or even what they need to actually do in the business. Before you can startup a business, you would need to create a business plan. You can either seek the help of a professional or do it yourself.

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