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spencer

Enlightened Mentor
Ask spencer
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  1. Asked: August 10, 2023In: Money & Business

    Why is it so easy to make money online in 2023?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:42 pm

    I honestly don't think making money is easier in 2023, it might seem like that from the surface but in reality it isn't like that, to make money online you'd have to learn skills and be an expert in them, no one wants to hire a half assed person. You also have to build your reputation which is basicRead more

    I honestly don’t think making money is easier in 2023, it might seem like that from the surface but in reality it isn’t like that, to make money online you’d have to learn skills and be an expert in them, no one wants to hire a half assed person.

    You also have to build your reputation which is basically a portfolio of what you’ve done before and then compete with the whole world in landing a gig or a job.

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  2. Asked: August 10, 2023In: Crypto & Forex

    Which do you prefer P2P or OTC?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:38 pm

    I actually prefer P2P just because it's easier and you get to exchange your money from the comfort of your home and you'll also get the same rate with those buying and selling from over the counter(OTC). OTC is mostly unregulated and for example If you live far away from exchanges you have to spendRead more

    I actually prefer P2P just because it’s easier and you get to exchange your money from the comfort of your home and you’ll also get the same rate with those buying and selling from over the counter(OTC).

    OTC is mostly unregulated and for example If you live far away from exchanges you have to spend time and money to go there, instead of P2P that can be done from your phone and it’s not guaranteed you’ll have the best rate .

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  3. Asked: August 10, 2023In: Crypto & Forex

    Should you invest in unknown cryptocurrencies?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:35 pm

    I don't think is in your best interest to invest in crypto or any asset class without knowing how they work or can't find any details about the online, if they pack up that's all you'll just serve as liquidity for them. There's a lot of crypto coins out there that are well known and established, youRead more

    I don’t think is in your best interest to invest in crypto or any asset class without knowing how they work or can’t find any details about the online, if they pack up that’s all you’ll just serve as liquidity for them.

    There’s a lot of crypto coins out there that are well known and established, you can invest in them after doing your due diligence on them, do not invest any coin that you don’t information on or coin that have been advertised by someone else, it is always said in online communities especially personal finance DYOR

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

    What you should know before investing in copy trading?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:30 pm

    Before investing in any type of copy trading service, it will be in your best interest to learn how trading works, even though copy trading is sort of automated, you ought to know what spread, slippage, take profit, stop loss and volatility means. This will make your experience seamless and you'll bRead more

    Before investing in any type of copy trading service, it will be in your best interest to learn how trading works, even though copy trading is sort of automated, you ought to know what spread, slippage, take profit, stop loss and volatility means.

    This will make your experience seamless and you’ll be able to communicate with other traders you’re copying from and even advance your knowledge in terms of trading, understand market conditions instead of heading deep into it without understanding.

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

    Do you think gold is more volatile than crypto?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:27 pm

    Gold is more volatile, if you're a trader of any asset class you'll know that gold is dynamic and doesn't have much market structure or pattern it adheres to, but crypto is moves very much like currency pairs and you can trade them easily depending on the method you choose for technical analysis. ThRead more

    Gold is more volatile, if you’re a trader of any asset class you’ll know that gold is dynamic and doesn’t have much market structure or pattern it adheres to, but crypto is moves very much like currency pairs and you can trade them easily depending on the method you choose for technical analysis.

    There are a lot of people trading crypto than gold, many gold traders are losing money due to the volatile nature of gold, to start trading gold you have to study for a while else you get burnt.

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

    How Successful Is The Fish Farming Business is

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:22 pm

    Fish farming is a lucrative business that deals with supply of fish and other aquatic food to consumers, as in every type of business, the first thing you should focus on is aquiring the right skills this can by going to school, learning on YouTube or enrolling in a mentorship. After learning the skRead more

    Fish farming is a lucrative business that deals with supply of fish and other aquatic food to consumers, as in every type of business, the first thing you should focus on is aquiring the right skills this can by going to school, learning on YouTube or enrolling in a mentorship.

    After learning the skill, invest some money to test run demand in your community and improve your business based on feedback, going into delicate businesses like this head on can get you burned .

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

    Can you be successful in pure water factory Business?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:18 pm

    To be successful as a sales boy, what you have to do is make a lot of sales for your company, by doing this you'll be able to make more commission. It depends on what you sell, some products have more profits margins than others, as a sales boy you should get yourself in a company that has a fast moRead more

    To be successful as a sales boy, what you have to do is make a lot of sales for your company, by doing this you’ll be able to make more commission.

    It depends on what you sell, some products have more profits margins than others, as a sales boy you should get yourself in a company that has a fast moving products and high commission, so that you’ll break even quickly and make yourself more money, I don’t think being a sales boy in a pure water factory will cut it.

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

    Is it worth starting an offline business?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:13 pm

    Yes, it's very much worth it, every single day there are new demands from people regardless of online or offline and if you can fulfill those demands you'll make money. Before you start a business make sure you're solving problem for people and you test any idea you have before you go all in to inveRead more

    Yes, it’s very much worth it, every single day there are new demands from people regardless of online or offline and if you can fulfill those demands you’ll make money.

    Before you start a business make sure you’re solving problem for people and you test any idea you have before you go all in to invest your time or money into building it.

    Offline business is lucrative and most profitable business today are offline business.

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

    How can you stand out from your competitors?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:10 pm

    You have to study your competitors to be able to stand out, so this means you have to interrogate their customer and ask the if there's anything they'll like to change, It's like a detective work. Find their weak points and attack from there, by doing this you'll be able to have advantage over them,Read more

    You have to study your competitors to be able to stand out, so this means you have to interrogate their customer and ask the if there’s anything they’ll like to change, It’s like a detective work.

    Find their weak points and attack from there, by doing this you’ll be able to have advantage over them, you always have to be on the lookout and innovate too, it’ll just be businesses full of competition without adding any value to the end user.

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

    How to deal with stress if you are a business owner?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 4:07 pm

    To be able to deal with stress effectively as a business owner you have to delegate some tasks, after a period of growth in a company or business, look at how you can relieve yourself on some responsibilities and hire someone to do them, business owner's work is to manage not to do everything himselRead more

    To be able to deal with stress effectively as a business owner you have to delegate some tasks, after a period of growth in a company or business, look at how you can relieve yourself on some responsibilities and hire someone to do them, business owner’s work is to manage not to do everything himself.

    Take a break, take sometime off from your business this will help you to clear your head and come back with fresh eyes to tackle issues.

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