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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  1. Asked: September 19, 2023In: Money & Business

    Can I possibly get a quick loan from palm credit?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:20 am

    From your question I assume you're a Nigerian, yes, you can get a loan from palm credit, I think their loan app is one of the best out there and it mostly coke preinstalled in Tecno phones, they have a considerable interest rate also. You can go ahead and take loan from them just make sure you can pRead more

    From your question I assume you’re a Nigerian, yes, you can get a loan from palm credit, I think their loan app is one of the best out there and it mostly coke preinstalled in Tecno phones, they have a considerable interest rate also.

    You can go ahead and take loan from them just make sure you can pay back in time to avoid incriminating your name to your contacts as they usually do to defaulters.

     

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  2. Asked: September 27, 2023In: Insurance, Money & Business

    How important is insurance company?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:15 am

    Insurance is important because it helps you save money when you need them the most, when you are sick you need all the help you can get and insurance company tells you they'll handle it for you, for a monthly payment, isn't that a good deal? Or when your house mistakenly caught on fire, insurance caRead more

    Insurance is important because it helps you save money when you need them the most, when you are sick you need all the help you can get and insurance company tells you they’ll handle it for you, for a monthly payment, isn’t that a good deal?

    Or when your house mistakenly caught on fire, insurance can help in replacing damage materials for just a monthly payment, that’s the importance of insurance, they’re there when you need them the most.

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  3. Asked: August 19, 2023In: Money & Business

    What are the struggles of palm oil production business?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:10 am

    The biggest problem such businesses face is logistics problems, they find it hard to move their finished Product from where it's being produced to distributors, even when they find a way to distribute it, it will eat up the margins. So instead of making 30% mark up after sales, they'll end up makingRead more

    The biggest problem such businesses face is logistics problems, they find it hard to move their finished Product from where it’s being produced to distributors, even when they find a way to distribute it, it will eat up the margins.

    So instead of making 30% mark up after sales, they’ll end up making far less than that because they’ve spent all of their money on logistics, this case is specific to my country though.

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  4. Asked: August 29, 2023In: Money & Business

    Is it possible to save money as a student

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:06 am

    Yes, it's possible to save money as a student but it depends on many factors like your income, are you getting some keep up money from your family, you have a business that's generating income, or you have some side job you're doing. To save money, you need a goal, what do you want to use your savinRead more

    Yes, it’s possible to save money as a student but it depends on many factors like your income, are you getting some keep up money from your family, you have a business that’s generating income, or you have some side job you’re doing.

    To save money, you need a goal, what do you want to use your savings to achieve, buy a laptop, start a small business, your goal will keep you motivated to achieve your goals.

     

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  5. Asked: September 16, 2023In: Money & Business

    Is it ultimately better to rent or own a home?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 6:01 am

    Depends on your lifestyle and what you do for a living, if you travel a lot, then it's better to rent because you will have access to different places without being responsible or committed to them but if you're the type that live permanently in an environment, probably working a job or raising a faRead more

    Depends on your lifestyle and what you do for a living, if you travel a lot, then it’s better to rent because you will have access to different places without being responsible or committed to them but if you’re the type that live permanently in an environment, probably working a job or raising a family there.

    Then it’s way better to try and own a home, it’ll simplify your life and save you a lot of money on rent.

     

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

    How can I increase my income even if am working?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 16, 2024 at 5:55 am

    You can increase your income while still working by starting a side hustle, look around you and find something that pays and learn how to do it and then offer it as a service. Or try to upscale your skillset, find a way to get more certifications and become immensely valuable to your organization, tRead more

    You can increase your income while still working by starting a side hustle, look around you and find something that pays and learn how to do it and then offer it as a service.

    Or try to upscale your skillset, find a way to get more certifications and become immensely valuable to your organization, that way it’s easier to ask for a raise and increase your income.

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  7. Asked: August 19, 2023In: Money & Business

    What side hustles can I do as a student?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 15, 2024 at 7:49 pm

    As a student you have what a lot of people don't have which is time, which means you can actually try out new stuffs and find out what sticks, so if I was you, my priority will be to try out different things as much as I can and find out the important stuff or the most profitable stuff. And then I'lRead more

    As a student you have what a lot of people don’t have which is time, which means you can actually try out new stuffs and find out what sticks, so if I was you, my priority will be to try out different things as much as I can and find out the important stuff or the most profitable stuff.

    And then I’ll improve on that and scale it, before you do all of this you’ll need some testing money, so find a way to bring in an income that you can use to try out different stuffs.

     

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  8. Asked: September 12, 2023In: Money & Business

    What is your advice when I wanna take out a business loan?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 15, 2024 at 7:45 pm

    Capital efficiency is very important in a business but taking a loan to start a business is a very hard choice, you need to sit with yourself and make some deductions before you can finally make a final choice it can be tempting at first but you should be thinking of long term. Will you be able to pRead more

    Capital efficiency is very important in a business but taking a loan to start a business is a very hard choice, you need to sit with yourself and make some deductions before you can finally make a final choice it can be tempting at first but you should be thinking of long term.

    Will you be able to pay it back? What if your business flop, how will you be able to cope with the loan and the failing business, are you ready for the consequences too?

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  9. Asked: August 19, 2023In: Money & Business

    What would you say is the need of communication to business?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 15, 2024 at 4:51 pm

    There is a need for communication in business because it's the bedrock of any type of business, you have to be able to communicate with your customers and also partners alike, imagine how a business will function without communication, if people can't talk then business is not possible. You should pRead more

    There is a need for communication in business because it’s the bedrock of any type of business, you have to be able to communicate with your customers and also partners alike, imagine how a business will function without communication, if people can’t talk then business is not possible.

    You should provide different channels for customer communication, open accounts on social media, create AI bots to answer customer query, employ customer support.

     

     

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  10. Asked: August 20, 2023In: Crypto & Forex

    How to Quickly Identify Fake Crypto Currency Projects

    spencer
    spencer Enlightened Mentor
    Added an answer on June 15, 2024 at 4:45 pm

    It isn't hard to identify fake crypto projects, they're most likely to be paddled by influencers and are generally not backed with any tangible project behind them, also you should take a look at the chart, I think it's one of the underrated feature. The chart tells a story, if a coin keeps on goingRead more

    It isn’t hard to identify fake crypto projects, they’re most likely to be paddled by influencers and are generally not backed with any tangible project behind them, also you should take a look at the chart, I think it’s one of the underrated feature.

    The chart tells a story, if a coin keeps on going up non stop, then it means a fall is imminent, mere looking of it will give you an insight on what to do.

     

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