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Mike Smith

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mike Smith
Mike SmithKnowledge Seeker
Asked: September 3, 2023In: Money & Business

Should I consider the value factor of something i want to buy?

Many people spend money without even considering how important the assets or the thing in which they want to buy with their money would be in their lives and at the end of the day they end up feeling regret ...Read more

Many people spend money without even considering how important the assets or the thing in which they want to buy with their money would be in their lives and at the end of the day they end up feeling regret and very much will be remorseful of buying such thing or is it. I personally believe that proper planning and consideration should be carried out before an individual purchase a particular thing no matter how small or insignificant he or she must think it is.

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money managementmoney usage
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  1. Suba
    Suba Knowledge Seeker
    Added an answer on September 9, 2023 at 12:37 am

    Of course, there will be many factors that you have to consider before buying goods, such as value, needs, price, culture and use. So don't ever buy things suddenly which can lead to big expenses, consider beforehand, if you are going to a mall or shopping center you should plan in advance, write doRead more

    Of course, there will be many factors that you have to consider before buying goods, such as value, needs, price, culture and use. So don’t ever buy things suddenly which can lead to big expenses, consider beforehand, if you are going to a mall or shopping center you should plan in advance, write down a list of the items you are going to buy. and ask yourself the question, do you really need that item or just want to have it, how long will this item be able to provide satisfaction etc.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 3, 2023In: Money & Business

Where can I get knowledge about how to manage my finances?

Not only me but I believe that majority of people are finding it hard to manage their finances, possibly because they do not have a keen knowledge an idea on how to do so. In my own case one of ...Read more

Not only me but I believe that majority of people are finding it hard to manage their finances, possibly because they do not have a keen knowledge an idea on how to do so. In my own case one of the reason why I am unable to manage my finances is because I am addicted to spending a lot, and most of these things I spend my money and not what I need particularly. Please your sincere answers to this my question will absolutely help me.

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money managementmoney usage
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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on December 1, 2025 at 2:55 am

    To get better at managing your finances, start with simple steps read easy-to-understand personal finance books or follow YouTube channels and blogs about budgeting and saving. Use apps to track your spending so you can see where your money goes. The most important part is being consistent focus onRead more

    To get better at managing your finances, start with simple steps read easy-to-understand personal finance books or follow YouTube channels and blogs about budgeting and saving. Use apps to track your spending so you can see where your money goes. The most important part is being consistent focus on spending on what you really need, save a little regularly, and slowly build better money habits.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 3, 2023In: Money & Business

How can I make money online by being a virtual friend?

It is true that so many online skills and activities exist in which individuals like you and I can indulge ourselves into so as to earn a living, some of these online skills include freelancing, copywriting, and affiliate marketing. But ...Read more

It is true that so many online skills and activities exist in which individuals like you and I can indulge ourselves into so as to earn a living, some of these online skills include freelancing, copywriting, and affiliate marketing. But just of recent I heard how people say that they can make money online by being a virtual friend. I did my research, and a virtual friend is simply an online friend. Please how is this possible?

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making money onlineonline gigs
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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 13, 2024 at 9:12 am

    I don't understand, a virtual friend? You mean someone you can talk to online and get paid, I don't think there's any value in that because most people are looking for genuine connections with people, and it takes time to build a relationship with a friend, it's only desperate people that'll pay othRead more

    I don’t understand, a virtual friend? You mean someone you can talk to online and get paid, I don’t think there’s any value in that because most people are looking for genuine connections with people, and it takes time to build a relationship with a friend, it’s only desperate people that’ll pay others to be their friends.

    You’re better off being a counselor, at least people we’ll know they’re working with a professional to solve their problems.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 3, 2023In: Money & Business

How can I monetize my photography skill?

I have heard a lot of people say that they are able to make reasonable and comfortable amount of money whether online or offline by monetizing their photography skills. Having a skill in photography is absolutely a very good skill ...Read more

I have heard a lot of people say that they are able to make reasonable and comfortable amount of money whether online or offline by monetizing their photography skills. Having a skill in photography is absolutely a very good skill in which an individual can make a career out from. Personally I am very much interested and I have a camera device and I take good pictures too, at least the compliments from others testify to this. Are there any ways I can make money online through photography?

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make moneyphotography skill
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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 24, 2024 at 5:13 am

    To monetizing your photography skills can be done in serval ways sure like; *Freelance Photography: Offer your services for events, portraits, or commercial projects. *Stock Photography: Sell your images to stock photo websites like Shutterstock or Adobe Stock. *Print Sales: Create prints of your woRead more

    To monetizing your photography skills can be done in serval ways sure like;
    *Freelance Photography: Offer your services for events, portraits, or commercial projects.
    *Stock Photography: Sell your images to stock photo websites like Shutterstock or Adobe Stock.
    *Print Sales: Create prints of your work and sell them online or at art fairs.
    *Teaching: Offer workshops, online courses, or tutorials sharing your photography expertise.
    Commissioned Work: Partner with businesses or individuals for commissioned projects.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Is making money online stressful?

Generally speaking making money online is not easy, but a lot of people believe that it is stressful which I have a doubt about. Personally I believe that making money online is never stressful only if you know what you ...Read more

Generally speaking making money online is not easy, but a lot of people believe that it is stressful which I have a doubt about. Personally I believe that making money online is never stressful only if you know what you are doing and you have the right platform at your disposal that pays you the right and quality amount of income for the activities you perform on this platforms and websites. What do you guys think?

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making money onlineonline hustle
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  1. Svishok
    Svishok Expert Mind
    Added an answer on September 3, 2023 at 2:47 pm

    Making money online can be both stressful and rewarding, depending on various factors. While there are opportunities to earn money through various online ventures like freelance work, e-commerce, or online trading, it also requires effort, patience, and continuous learning. The online realm can be hRead more

    Making money online can be both stressful and rewarding, depending on various factors. While there are opportunities to earn money through various online ventures like freelance work, e-commerce, or online trading, it also requires effort, patience, and continuous learning. The online realm can be highly competitive, and success may not come overnight. However, with proper planning, dedication, and the right mindset, it is possible to minimize stress and create a successful online income stream.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Why should I earn money in foreign currencies as a Nigerian?

Undoubtedly, so many Nigerians are engaging in the online activity of making money, of course they should have reasons for these, and speaking as a Nigerian one of the reasons why I must make money in foreign currency like dollar ...Read more

Undoubtedly, so many Nigerians are engaging in the online activity of making money, of course they should have reasons for these, and speaking as a Nigerian one of the reasons why I must make money in foreign currency like dollar as a Nigerian is that my country’s currency is very low, so in order to make more money in better rate and comfortable amount I must end in foreign currencies such as dollar, pounds, and euros.

However it is no lie that the possible way of achieving this is by engaging into only method of making money through platforms that pay their uses and members in these foreign currencies.

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make moneymaking money online
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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 31, 2024 at 1:36 am

    Apart from being a Nigeria earning money in foreign currencies as a another country can provide several benefits. Firstly, it can serve as a hedge against fluctuations in the value of the local currency, protecting your purchasing power. Secondly, it can offer opportunities for investment diversificRead more

    Apart from being a Nigeria earning money in foreign currencies as a another country can provide several benefits. Firstly, it can serve as a hedge against fluctuations in the value of the local currency, protecting your purchasing power. Secondly, it can offer opportunities for investment diversification, allowing you to access different markets and potentially higher returns. Additionally, it can provide a form of financial security, especially if the foreign currency is more stable or stronger than the local currency.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

How did you make your first $100, $50 or less online?

Undoubtedly, the financial activity of making money online is quite interesting and it is commonly seen that majority of people are engaging in this strategy of earning a living through the engagement of various online gigs and activities such as ...Read more

Undoubtedly, the financial activity of making money online is quite interesting and it is commonly seen that majority of people are engaging in this strategy of earning a living through the engagement of various online gigs and activities such as affiliate marketing, copywriting, and freelancing. As online Hustlers, i would love you guys to share your story of how you were able to earn your first $100, $50, or less online. Possibly each and everyone of us can learn tips and tricks from each other.

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making moneyonline money making
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 21, 2026 at 3:21 am

    I made my first $5 online on a site called then postloop.infact I never used to believe that one can make money online knowing then that everything making money online was about scam until I saw psyment proof on the site and I decided to try. I cashed out and got paid almost immediately I couldn't bRead more

    I made my first $5 online on a site called then postloop.infact I never used to believe that one can make money online knowing then that everything making money online was about scam until I saw psyment proof on the site and I decided to try. I cashed out and got paid almost immediately I couldn’t believe it. So I continued and along the line joined other legit sites and I’m still online writing on other legit sites to make money.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Which of these is preferable for payment cash or credit card?

I used to hear how some people say that they lost to use credit card to carry out their daily payment and receiving of money instead of paying money physically and the reason is because the use of credit card ...Read more

I used to hear how some people say that they lost to use credit card to carry out their daily payment and receiving of money instead of paying money physically and the reason is because the use of credit card tends to be more safe and very much easier and possible for them to carry out financial payment and receiving financial assets, on the other hand people also prefer the physical payment of cash due to the fact that they are used to it. What would you guys say is the most preferable?

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money usagepersonal finance
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  1. Mich_larry
    Mich_larry Active Contributor
    Added an answer on November 27, 2025 at 3:28 pm

    Choosing between cash and a credit card depends on your spending habits, goals, and level of discipline. Cash is preferable if you want strict control over your money because once it finishes, you stop spending, making it great for budgeting and avoiding debt. It also works everywhere, even where diRead more

    Choosing between cash and a credit card depends on your spending habits, goals, and level of discipline. Cash is preferable if you want strict control over your money because once it finishes, you stop spending, making it great for budgeting and avoiding debt. It also works everywhere, even where digital payments fail. Credit cards, on the other hand, are convenient and safer for online payments, and they offer benefits like rewards, cashback, and purchase protection. However, they require discipline because overspending can lead to debt and high interest. The best option is the one that helps you stay responsible, avoid unnecessary debt, and manage money wisely.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Are there any findings I must do when spending huge sum of cash?

Inasmuch as an individual is advised to cut down on the amount of money in which he or she spends so as to be able to have more to invest and save, yet most of the daily and occasionally financial ...Read more

Inasmuch as an individual is advised to cut down on the amount of money in which he or she spends so as to be able to have more to invest and save, yet most of the daily and occasionally financial spending will carry out usually involves spending huge amounts of money for example an individual could see the need to buy a house or to buy a car, or possibly in some kind of voluminous investment which involve huge amount of capital. In the process of doing so, I would love to ask whether are there any consideration such individual should carry out first, before actually spending this huge amount of money?  if yes! what are they?

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money usagespending money
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  1. Allison
    Allison Knowledge Seeker Archiever 💪🏽🔥
    Added an answer on September 2, 2023 at 8:08 pm

    When spending a large sum of cash, it's important to be prudent and cautious. Remember that managing large sums of cash responsibly requires careful planning, research, and consideration of both short-term and long-term implications. It's often a good idea to consult with financial professionals toRead more

    When spending a large sum of cash, it’s important to be prudent and cautious. Remember that managing large sums of cash responsibly requires careful planning, research, and consideration of both short-term and long-term implications. It’s often a good idea to consult with financial professionals to make informed decisions.

    You must determine the purpose of the expenditure. Ask yourself, are you investing, making a major purchase, or something else? Having a clear goal helps guide your decision-making.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Should I have a goal or objective before saving money?

So many goals and objectives exist in which an individual should feel motivated to save money. However it is therefore important and necessary that we do not necessarily need to have goals and objectives before engaging in the financial activity ...Read more

So many goals and objectives exist in which an individual should feel motivated to save money. However it is therefore important and necessary that we do not necessarily need to have goals and objectives before engaging in the financial activity of saving money. Goals and objectives will always come around but for the meantime we need to be financially prepared when these goals and objectives come into our mind. One way to be financially prepared is by saving and investing money so as to boost our savings. What are your sincere answers to this question guys?

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goals and objectivessaving money
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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 29, 2025 at 9:28 am

    I feel that the effectiveness of saving gets increased and becomes more when you have a reason a goal or an objective for saving and in fact in anything you do in life you will notice that once you have a good or a set objective you become more persistent and you chase after it with the whole of youRead more

    I feel that the effectiveness of saving gets increased and becomes more when you have a reason a goal or an objective for saving and in fact in anything you do in life you will notice that once you have a good or a set objective you become more persistent and you chase after it with the whole of your heart.

    Let there be something in mind when you begin saving you should do it with an objective or an aim that will keep motivating you

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