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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  1. Asked: August 25, 2023In: Money & Business

    What will I benefits if I study business before I start ?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 7:27 pm

    By studying the business it gives you an upperhand on how to approach the business, most business owners make the mistake of jumping into businesses without understanding how they work, you can opt for an internship, it'll help you tremendously too, because you're learning under someone with provenRead more

    By studying the business it gives you an upperhand on how to approach the business, most business owners make the mistake of jumping into businesses without understanding how they work, you can opt for an internship, it’ll help you tremendously too, because you’re learning under someone with proven experience in the field.

    You should spend much time learning, you’ve got to jump in to the business and try things out yourself.

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

    Can doing micro jobs by yourself save money?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 7:10 pm

    Yes it can save money if you have ample time and you don't have any important task to undertake, doing micro jobs can make others have a sense of fulfillment, because regardless you're getting things done. On the other hand, it can hinder your progress if you have other things to do and you can affoRead more

    Yes it can save money if you have ample time and you don’t have any important task to undertake, doing micro jobs can make others have a sense of fulfillment, because regardless you’re getting things done.

    On the other hand, it can hinder your progress if you have other things to do and you can afford to outsource it, you’re better off paying to get it done.

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  3. Asked: August 30, 2023In: Money & Business

    How to save money for investment?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 7:03 pm

    Saving money for investment is the same with any other savings, you'll have to sacrifice a lot of your paycheck to save a substantial amount for invetsing, because in investment the more you have the more returns you'll make. Also after saving money for investment it's vital to get an education abouRead more

    Saving money for investment is the same with any other savings, you’ll have to sacrifice a lot of your paycheck to save a substantial amount for invetsing, because in investment the more you have the more returns you’ll make.

    Also after saving money for investment it’s vital to get an education about it, it’ll help you in making best decisions about money.

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  4. Asked: September 6, 2023In: Crypto & Forex

    Are there Bitcoin ATM in your country?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 6:58 pm

    No, there isn't any Bitcoin ATMs in my country currently, there's a lot of hairy issues to resolve between the Federal Government and a lot of crypto startups, currently the use and transaction in crypto is banned. I'm looking forward for a BTC dispensing machine and an inclusive use of crypto curreRead more

    No, there isn’t any Bitcoin ATMs in my country currently, there’s a lot of hairy issues to resolve between the Federal Government and a lot of crypto startups, currently the use and transaction in crypto is banned.

    I’m looking forward for a BTC dispensing machine and an inclusive use of crypto currency in major commerce in the country, it’ll ease transaction and it’s innovative.

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  5. Asked: September 21, 2023In: Money & Business

    Even with sufficient capital, must I start business small?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 6:51 pm

    Starting small in business does not mean you have a small capital, it's all about testing the waters, testing the market, it might look easy from the outside but entirely different after you jumped in, that's why it's advisable to start small, understand the market and increase your foothold strategRead more

    Starting small in business does not mean you have a small capital, it’s all about testing the waters, testing the market, it might look easy from the outside but entirely different after you jumped in, that’s why it’s advisable to start small, understand the market and increase your foothold strategically.

    That’s the main point of starting small, you might burn and crash if you go all in balls to the wall.

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  6. Asked: April 26, 2024In: Money & Business

    Do you have a favorite Forex trading pair?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 23, 2024 at 6:43 pm

    Yeah, my favorite trading pair is the XAUUSD also known as gold, I love trading the pair because it's straight forward and mostly trend everyday, so if you pay attention towards it during market open, you'll be able to squeeze some pips from the market daily. I'm no longer trading currency pairs, IRead more

    Yeah, my favorite trading pair is the XAUUSD also known as gold, I love trading the pair because it’s straight forward and mostly trend everyday, so if you pay attention towards it during market open, you’ll be able to squeeze some pips from the market daily.

    I’m no longer trading currency pairs, I have more confidence trading Gold than any pair.

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  7. Asked: August 31, 2023In: Money & Business

    How to tackle debt effectively without hurting your finances?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 22, 2024 at 6:21 pm

    To tackle your debt effectively is to basically renegotiate the terms so that it'll be in your favor, where you get to pay little each month till you repay or you talk with your friends and families to help you repay some, it'll help free some loans and will give you the ability to pay easily. BottoRead more

    To tackle your debt effectively is to basically renegotiate the terms so that it’ll be in your favor, where you get to pay little each month till you repay or you talk with your friends and families to help you repay some, it’ll help free some loans and will give you the ability to pay easily.

    Bottom line is you shouldn’t put yourself in such position and always stay away from loans unless it’s emergency.

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  8. Asked: August 22, 2023In: Crypto & Forex

    How can I start earning money from crypto?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 22, 2024 at 6:13 pm

    The best way to earn money with crypto is to trade, learn the fundamentals of trading and invest a little amount and dive in, or you can study the crypto ecosystem and become an influencer, where you help others to learn and make money. You can also get into airdrops, when a coin is about to launcheRead more

    The best way to earn money with crypto is to trade, learn the fundamentals of trading and invest a little amount and dive in, or you can study the crypto ecosystem and become an influencer, where you help others to learn and make money.

    You can also get into airdrops, when a coin is about to launched, get in early and hold some, sell when it launches, rinse and repeat.

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

    Are there any merits investing in agriculture?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 22, 2024 at 6:07 pm

    Agriculture offers a lot of benefits and returns if you know how to do it well, so the most important thing is to learn or hire somene that's experienced to help you in the first early years, learn the ropes and then set out on your own. It is time intensive and also comes with a lot of risks, likeRead more

    Agriculture offers a lot of benefits and returns if you know how to do it well, so the most important thing is to learn or hire somene that’s experienced to help you in the first early years, learn the ropes and then set out on your own.

    It is time intensive and also comes with a lot of risks, like flooding, poor yield periods etc, but it’s a good way to earn income passively.

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  10. Asked: September 1, 2023In: Money & Business

    Is it okay to see a personal finance counselor?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 22, 2024 at 6:00 pm

    Yes, it's very much advisable if you're starting out in personal finance as a beginner and don't have an idea on how to put your finance in order to employ the service of a counselor, he'll go over your finances and help you make some changes that'll catapult your journey and reach your destinationRead more

    Yes, it’s very much advisable if you’re starting out in personal finance as a beginner and don’t have an idea on how to put your finance in order to employ the service of a counselor, he’ll go over your finances and help you make some changes that’ll catapult your journey and reach your destination quicker.

    You can hire a financial counselor online.

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