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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In:

Whether we are high income earners or low income earners is definitely necessary that we’ve ensured to save enough money out of our incomes. This question is necessary important because saving money simply means financially planning for the future which ...Read more

Whether we are high income earners or low income earners is definitely necessary that we’ve ensured to save enough money out of our incomes. This question is necessary important because saving money simply means financially planning for the future which holds a lot of uncertainties that we must have to settle financially. What are you sincere answers to this question guys?

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money tipssaving money
  1. Augusta
    Augusta Enlightened Mentor

    To save money adequately is to become a saver. So you Create a budget. One smart way to manage your money is to follow a budget. .then Set savings goals. You need to track spending. Keep savings in a high-yield savings account and automate transfers. Remember to Pay off high-interest debt. Lower youRead more

    To save money adequately is to become a saver. So you Create a budget. One smart way to manage your money is to follow a budget. .then Set savings goals. You need to track spending. Keep savings in a high-yield savings account and automate transfers. Remember to Pay off high-interest debt. Lower your student loan payments and refinance your mortgage.

     

    Another easy way to save money is to pay yourself first. That means each pay period, before you are tempted to spend money, commit to putting some in a savings account.  you can even arrange with your bank to automatically transfer a certain amount from your paycheck or your checking account to savings account every month.

     

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In:

A typical individual would always spend money each day possibly in the process of satisfying his or her needs and wants. The satisfaction of one’s needs and wants can constantly and considerably be done with the spending of money that ...Read more

A typical individual would always spend money each day possibly in the process of satisfying his or her needs and wants. The satisfaction of one’s needs and wants can constantly and considerably be done with the spending of money that is why an individual is expected to always have money so as to satisfy his or her needs and wants which is considered to be in insatiable.

In the process of satisfying our needs and wants an individual could run out of money, possibly due to negative financial behaviours like overspending, and irresponsible buying of assets. Anyways what do you guys think the answer to this question is?

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money managementmoney usage
  1. De Mogul
    De Mogul Expert Mind A student

    It is very possible to never run out of money but you have to put alot in place to make sure it happens because it won't be easy at all One of the best way to make this a reality is by have multiple sources of income that are very stable and very well established. You also have to be dedicated to thRead more

    It is very possible to never run out of money but you have to put alot in place to make sure it happens because it won’t be easy at all
    One of the best way to make this a reality is by have multiple sources of income that are very stable and very well established.

    You also have to be dedicated to these businesses to make sure that till stands the test of time.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In:

It is better for one individual to learn how to maximize his or her wealth then losing them to either offline or online investment. This question asked above is absolutely important because many individuals today are finding it hard to ...Read more

It is better for one individual to learn how to maximize his or her wealth then losing them to either offline or online investment. This question asked above is absolutely important because many individuals today are finding it hard to maximise their wealth and even if they try to do so they will engage in so-called online investment and lose their money. In what ways can an individual preserve his or her wealth and never lose them to online investment?

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money managementonline investment
  1. spencer
    spencer Enlightened Mentor

    To avoid losing money online you'll have to do your due diligence before you invest online, there are different ways to invest that are trusted like using E-Toro, Robinhood or ZuluTrade, this sort of platforms allows you to trade and invest your money safely without any loss. Be wary of any investmeRead more

    To avoid losing money online you’ll have to do your due diligence before you invest online, there are different ways to invest that are trusted like using E-Toro, Robinhood or ZuluTrade, this sort of platforms allows you to trade and invest your money safely without any loss.

    Be wary of any investment platformt that promise quick returns without any proof online, you can also check the domain stats on who.is.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In:

Money is said to be one of the most commonly used financial assets and individual uses everyday to possibly get his or her needs and wants. But most of the times many individuals tend to over spend money without even ...Read more

Money is said to be one of the most commonly used financial assets and individual uses everyday to possibly get his or her needs and wants. But most of the times many individuals tend to over spend money without even knowing you know that what they overspend money unconsciously. This question is very much important because individuals do not want to overspend their wealth, but rather spend them meaningfully. What are your answers to this question guys?

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money usagespending money
  1. Lastborn
    Lastborn Newcomer

    Honestly, this is completely individual. Because, you see, “we” do not all spend money on exactly the same things. Some people actually do restrict their spending to items which are worth what they are paying. It completely depends on the individual.   Some people complain about the cost of eleRead more

    Honestly, this is completely individual. Because, you see, “we” do not all spend money on exactly the same things. Some people actually do restrict their spending to items which are worth what they are paying. It completely depends on the individual.

     

    Some people complain about the cost of electricity going up…while other people take action (such as switching to solar or completely doing away with the electricity entirely). Some people complain about the rising cost of food…while other people take action (such as gardening, even container gardening, or growing micro greens, or getting a few chickens for eggs and meat).

     

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

A lot of individuals think that just because they do not earn him amount of money then the financial activity of money management does not apply to them. Personally I see this as a false or wrong thinking or mindset ...Read more

A lot of individuals think that just because they do not earn him amount of money then the financial activity of money management does not apply to them. Personally I see this as a false or wrong thinking or mindset in which an individual should have. Whether an individual is a big or meager income earner, managing money is expected from his or her part. And he or she must do this with carefulness and intelligence. Anyways what do you guys think?

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meager incomemoney management
  1. Carpon
    Carpon Expert Mind Hustler

    I believe as a meagre income earner, you are the one who needs to actually manage money because you have less than enough. So what I'm trying to say is that as a meager income earner it is very important for you to take care of the finances and make sure that all we do is carefully thought of and yoRead more

    I believe as a meagre income earner, you are the one who needs to actually manage money because you have less than enough.

    So what I’m trying to say is that as a meager income earner it is very important for you to take care of the finances and make sure that all we do is carefully thought of and you do not take actions that will later on have negative effects on your financial life because you know that you do not any more than enough

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

Being in debt financially to another whether a financial institution or a private money lender is absolutely normal because an individual may not usually have all what it takes financially to finance his or her business or private financial needs ...Read more

Being in debt financially to another whether a financial institution or a private money lender is absolutely normal because an individual may not usually have all what it takes financially to finance his or her business or private financial needs and wants. It is expected that an individual make sure to plan how he or she will pay back the debts before actually seeking for a loan. The amount composing the loan must be an amount in which he or she could be able to pay back even with interest. An individual may fail to consider all these and yet finding hard to pay debts. In what ways do you guys have in mind in which an individual can raise money to clear debt?

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debt clearancemanaging debts
  1. Augusta
    Augusta Enlightened Mentor

    One way to do this is to get an extra  income if you are already working. You can do  part-time job or pickup some freelance work. If you make more money, you'll be able to put more toward your debt payment and pay it off quickly   Have in mind to pay back your loan no matter how little . You cRead more

    One way to do this is to get an extra  income if you are already working. You can do  part-time job or pickup some freelance work. If you make more money, you’ll be able to put more toward your debt payment and pay it off quickly

     

    Have in mind to pay back your loan no matter how little . You can even sell things you don’t use anymore to pay up:

    Crowdfunding is another one you  can provide a fast way to pay your debt by asking family and friends to give you money to help you pay up.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

An individual who keeps all of  his or her money in the bank despite the fact that they are huge is basically not rich or even wealthy, the reason is because what makes an individual to be rich and wealthy ...Read more

An individual who keeps all of  his or her money in the bank despite the fact that they are huge is basically not rich or even wealthy, the reason is because what makes an individual to be rich and wealthy is basically how much investment he or she must have invested his or her money into, good and reputable investment is basically what makes an individual achieve massive wealth. To achieve massive wealth and individual need to invest money and must do this correctly.

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rich and wealthywealth
  1. deucher
    deucher Active Contributor

    In my opinion, in order to become massively wealthy, you must first understand what you want and understand that you need to make many changes in your life. Winter thinking is what I read about in books most often, because if you just start investing, but do not save money and spend on unnecessary tRead more

    In my opinion, in order to become massively wealthy, you must first understand what you want and understand that you need to make many changes in your life. Winter thinking is what I read about in books most often, because if you just start investing, but do not save money and spend on unnecessary things, nothing will come of it. In order to do this as soon as possible, you need to work very hard and invest a lot by reducing your expenses

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

Students at times receive pocket money from their parents as allowances when going to school each day and this allowances or pocket money to be used to purchase snacks during break time or leisure time session in school. A wise ...Read more

Students at times receive pocket money from their parents as allowances when going to school each day and this allowances or pocket money to be used to purchase snacks during break time or leisure time session in school. A wise kid is expected to save this money possibly a small part of it, and developing such saving habits at a small age can be quite beneficial so what’s such child future. When a child see this as an accomplishment, no matter how small, it can help him or her build a mindset of investment and savings.

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opportunities for investmentstudent money making
  1. De Mogul
    De Mogul Expert Mind A student

    It is very important that you learn how to save money at a very young age because it will help you at the long run. To manage any money given to you as a student you need to first of all understand the basics of how things work you alsoneed to know how much you would spend in a month maximum. When yRead more

    It is very important that you learn how to save money at a very young age because it will help you at the long run.

    To manage any money given to you as a student you need to first of all understand the basics of how things work you alsoneed to know how much you would spend in a month maximum.
    When you know the amount of money that you need in a month it will help you save the rest and that will help you.
    you should also buy food stuffs very importantly so that your money doesn’t finish and leave your hungry.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

At some point in our lives, we need to be exposed to money making opportunities or activities whether online or offline. Parents and guardians have a whole lot of responsibility to play in exposing your children to these money making opportunities, ...Read more

At some point in our lives, we need to be exposed to money making opportunities or activities whether online or offline.

Parents and guardians have a whole lot of responsibility to play in exposing your children to these money making opportunities, but the problem here is at what age should they see this as important and necessary to their children. Personally I believe that between the age of 18 to 20 is enough. Please what do you guys think?

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make moneymoney making activity
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    I believe a child should be exposed to earning opportunities at an early age but extreme care should be taken when parents take this step. The moment the child starts going to school and is demanding for biscuits and so on, this should be the time the parents start teaching the child the importanceRead more

    I believe a child should be exposed to earning opportunities at an early age but extreme care should be taken when parents take this step.

    The moment the child starts going to school and is demanding for biscuits and so on, this should be the time the parents start teaching the child the importance of savings. Savings should be the first step you teach a child before you think about teaching them how to make money.

    Once they start learning how to read and write, you can introduce to various skills. You can start teaching them skills like coding, designing and so on. By the age of 11 or 12 you can fully introduce them to making money. By then they should be mentally ready to earn and save.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 1, 2023In:

Not only me but I believe that majority of people are finding it hard to locate and find good investment opportunities but yet do not know how to do so. According to statistics it is said that more than 200 ...Read more

Not only me but I believe that majority of people are finding it hard to locate and find good investment opportunities but yet do not know how to do so. According to statistics it is said that more than 200 investment opportunities becomes available to the sight of individuals almost every week, but being able to find this investment opportunities is basically what me and many others do not know.

It would be so much grateful if you guys can help me answer this question more sooner?

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investing moneyinvestment opportunity
  1. Suba
    Suba Knowledge Seeker

    Good investment opportunities will of course be different for each person, depending on their skills, experience and risk profile. So you don't need to imitate other people, be an investor for yourself, of course I can't recommend investment instruments that are suitable for you, because you don't kRead more

    Good investment opportunities will of course be different for each person, depending on their skills, experience and risk profile. So you don’t need to imitate other people, be an investor for yourself, of course I can’t recommend investment instruments that are suitable for you, because you don’t know your skills and risk profile. Personally, I have known stocks since I was in college, and I have also known crypto since 2012 and I also have an aggressive profile.

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