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spencer

Enlightened Mentor
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  1. Asked: June 30, 2024In: Money & Business

    What are the most lucrative business in your area?

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 8:15 pm

    The most lucrative business where I live is street food, it's almost like lunch here, everyone buys it because it's crunchy and also satiate you real quick, it also prepared, you don't have to go home and cook at all, you just grab some on the go. It's a bloody business, because you can make sales eRead more

    The most lucrative business where I live is street food, it’s almost like lunch here, everyone buys it because it’s crunchy and also satiate you real quick, it also prepared, you don’t have to go home and cook at all, you just grab some on the go.

    It’s a bloody business, because you can make sales every single day of the week, it’s super lucrative especially if you can get others to manage it.

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  2. Asked: September 17, 2023In: Money & Business

    is passive and residual income the same?

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 8:09 pm

    Yes they're technically the same, I think it's only a synonym for the other, it's just money you're getting without working actively for it, building a passive income takes a lot of time and you'll have to spend a lot of time working on the business actively before you put it on auto pilot to work fRead more

    Yes they’re technically the same, I think it’s only a synonym for the other, it’s just money you’re getting without working actively for it, building a passive income takes a lot of time and you’ll have to spend a lot of time working on the business actively before you put it on auto pilot to work for you.

    It also demands a lot of resources to get it to work and you won’t get any reward for the time being until it gets me monetized it’s more like working on a startup.

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  3. Asked: July 1, 2024In: Money & Business

    What is Your Paying Side Hustle?

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 8:03 pm

    Trading, forex trading, I make most of my money though trading the finally markets, I mostly trade everyday Monday through Friday and I only focus one instrument, it took me a lot of time to get here and I think a lot of people starts and then later give up on it. There are countless side hustle oneRead more

    Trading, forex trading, I make most of my money though trading the finally markets, I mostly trade everyday Monday through Friday and I only focus one instrument, it took me a lot of time to get here and I think a lot of people starts and then later give up on it.

    There are countless side hustle one can adopt and learn but you’ll have to make time for it and learn after work and be willing to do it for a long time to be successful in it.

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  4. Asked: April 18, 2024In: Money & Business

    How to prevent volatility losses?

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 2:45 pm

    To avoid Volatility losses during trading the best thing is to use a small lotsize and then lock in your profits the moment you are in, this will help protect your account and give you peace of mind. Another reason is over leverage, whenever the market moves you lose money because you're trading witRead more

    To avoid Volatility losses during trading the best thing is to use a small lotsize and then lock in your profits the moment you are in, this will help protect your account and give you peace of mind.

    Another reason is over leverage, whenever the market moves you lose money because you’re trading with more than your account can handle, so control lot size and use stop loss to lock in profits.

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  5. Asked: June 29, 2024In: Money & Business

    How do You Get YouTube Video Editing Jobs

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 2:41 pm

    You can get into YouTube video niche by having a portfolio, create a website for yourself and showcase your skills, then start reaching out to YouTube content creators and show them what you can do, this is a great way to get clients. Or use instagram to reach out to them since they have their handlRead more

    You can get into YouTube video niche by having a portfolio, create a website for yourself and showcase your skills, then start reaching out to YouTube content creators and show them what you can do, this is a great way to get clients.

    Or use instagram to reach out to them since they have their handles on their videos, and also you can just edit one of their videos and send to them and then let them be the judge.

     

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  6. Asked: June 30, 2024In: Money & Business

    What is the best investment to make during rainy season?

    spencer
    spencer Enlightened Mentor
    Added an answer on July 1, 2024 at 2:36 pm

    The best business to invest in during rainy season is in agriculture because you don't have to pay for irrigation at all, all you have to do is get a land and some fertilizer, lands can be secured before the season to start. Then you pay the laborers and then get to work, after the rainy season, youRead more

    The best business to invest in during rainy season is in agriculture because you don’t have to pay for irrigation at all, all you have to do is get a land and some fertilizer, lands can be secured before the season to start.

    Then you pay the laborers and then get to work, after the rainy season, you can cash in on your investment and sell it or keep it till the price has rise in the market.

     

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  7. Asked: August 17, 2023In: Money & Business

    How do freelancers plan with an unstable income?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 30, 2024 at 8:48 am

    It is hard actually because the money you'll make from freelancing are periodical and not periodical but I guess saving will help tremendously, on months you made a lot of money you can decide to save part of it, so that you'll be able to at least feed and pay bills on months that are not rosy. YouRead more

    It is hard actually because the money you’ll make from freelancing are periodical and not periodical but I guess saving will help tremendously, on months you made a lot of money you can decide to save part of it, so that you’ll be able to at least feed and pay bills on months that are not rosy.

    You should always be devising ways you can get more clients or create products that’ll help other people in order to increase your income.

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  8. Asked: September 22, 2023In: Money & Business

    Should I be fasting in other to save my money?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 30, 2024 at 8:45 am

    😂😂😂 No, you shouldn't fast solely to save money, you are just hurting your stomach tissues, but fast because of a spiritual purpose or you want to lose weight, to solve your money problem, you'll have to offer a product or a service to people. If you can't seem to solve such problems you can get a jRead more

    😂😂😂

    No, you shouldn’t fast solely to save money, you are just hurting your stomach tissues, but fast because of a spiritual purpose or you want to lose weight, to solve your money problem, you’ll have to offer a product or a service to people.

    If you can’t seem to solve such problems you can get a job, there are a lot of schools you can apply to as a teacher and then hit it off from there and then sort yourself out, but fasting is not a good strategy at all.

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  9. Asked: April 16, 2024In: Money & Business

    Why exactly is money worth making?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 30, 2024 at 8:39 am

    Because it is the medium of exchange you won't be able to do anything of importance if you don't have money, you can't buy anything, you can't eat anything because you don't have it. You need money to exchange goods and Services for you and your loved ones, find a way you can offer a service or a prRead more

    Because it is the medium of exchange you won’t be able to do anything of importance if you don’t have money, you can’t buy anything, you can’t eat anything because you don’t have it.

    You need money to exchange goods and Services for you and your loved ones, find a way you can offer a service or a product in return of money, that’s the best way to solve the problem.

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

    What do you benefit as a investor?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 30, 2024 at 8:34 am

    Investor benefits from returns on his investments, if you invest money in a company is akin to buying shares, when that company succeed and go on to make money, you'll definitely get rich too. That's importance of capital leverage, it buys you as much power possible in companies that allows you to eRead more

    Investor benefits from returns on his investments, if you invest money in a company is akin to buying shares, when that company succeed and go on to make money, you’ll definitely get rich too.

    That’s importance of capital leverage, it buys you as much power possible in companies that allows you to earn without actively working on the business at all.

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