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What can I use to entice my kids towards savings?
Teaching kids to save early on is a very good idea, because they'll grow with it and it'll be a very valuable habit for them as adult, if you want to entice your kids to save you'll have to incentivize them, and make them want to save, what do they like most? Maybe take them to the ice cream shop whRead more
Teaching kids to save early on is a very good idea, because they’ll grow with it and it’ll be a very valuable habit for them as adult, if you want to entice your kids to save you’ll have to incentivize them, and make them want to save, what do they like most? Maybe take them to the ice cream shop when they save a specific amount etc.
Or when you give them money you tell them to save a percentage of it and spend the rest, these kind of cues help kids to learn .
See lessHow can I lower my monthly spending?
To lower your expenses you'll have to lower your budget and spending, look at your budget and figure out what you spend the most on, after you figure it out you then look at how you can replace it with something cheaper, and if it's not available you ditch the expense altogether. You can also look aRead more
To lower your expenses you’ll have to lower your budget and spending, look at your budget and figure out what you spend the most on, after you figure it out you then look at how you can replace it with something cheaper, and if it’s not available you ditch the expense altogether.
You can also look at increasing your income, investing in new skills and also building a network, that’s the best thing to do in the long term.
See lessIs it important to teach children money management?
Yeah, it's important to teach children to manage money effectively, it'll help them when they grow up, they'll build financial discipline that can help them achieve their goals, it's easy to be impulsive with money and just spend, but preserving, multiplying and Invetsing are very hard to do. You caRead more
Yeah, it’s important to teach children to manage money effectively, it’ll help them when they grow up, they’ll build financial discipline that can help them achieve their goals, it’s easy to be impulsive with money and just spend, but preserving, multiplying and Invetsing are very hard to do.
You can also take it further by offering them incentives when they reach their savings goals or gift them some money to motivate them.
See lessIs it possible to avoid making mistakes?
No it's not possible to avoid making mistakes, they're part of life and your finances are part of it, you should even be open to make more mistakes, just avoid the deadly ones and you're good to go, any mistake is a learning point towards living a fulfilled life. You can acheive your goals through lRead more
No it’s not possible to avoid making mistakes, they’re part of life and your finances are part of it, you should even be open to make more mistakes, just avoid the deadly ones and you’re good to go, any mistake is a learning point towards living a fulfilled life.
You can acheive your goals through learning from your mistakes, embrace them they’re all part of the life experience.
See lessHow to Make Money Writing Poetry?
You can make money writing poetry but you'll have to very good in it, on top of my head you can try building a social media profile where you put up your poetry and get people to interact with it, you can create a course for teaching people how to write poetry etc. You can also submit your poetry woRead more
You can make money writing poetry but you’ll have to very good in it, on top of my head you can try building a social media profile where you put up your poetry and get people to interact with it, you can create a course for teaching people how to write poetry etc.
You can also submit your poetry work to anthologies, if yours is selected you’ll make money from it.
See lessDo you consider gambling as an investment startegy?
No, I'll strictly advise who ever cares to listen to stay away from it and indulge in other types of business, you can't win the bookies, the odds are stacked against you, you'll always have the illusion of winning but at the end of the day, they'll win with a large margin. You're better off startinRead more
No, I’ll strictly advise who ever cares to listen to stay away from it and indulge in other types of business, you can’t win the bookies, the odds are stacked against you, you’ll always have the illusion of winning but at the end of the day, they’ll win with a large margin.
You’re better off starting a business no matter how small it it and make low profits than gambling, influencers make money on commissions.
See lessHow Successful Is The Fish Farming Business is
Fish farming is pretty lucrative I've seen a lot of farmers turn a great profit out of their farming, but first of all you need knowledge on the business, you need to know what you're doing, enroll in a training, physical training is more immersive. And then start small, do not put all your money inRead more
Fish farming is pretty lucrative I’ve seen a lot of farmers turn a great profit out of their farming, but first of all you need knowledge on the business, you need to know what you’re doing, enroll in a training, physical training is more immersive.
And then start small, do not put all your money into it, invest a little and use the yield to judge whether to go all in or not.
See lessWhat are the primary goals of investing
The primary goal of investing is to preserve wealth and make more money, if you keep your money in the bank be sure to know that they'll be affected by inflation but through investment you're sure of turning a profit no matter how little. It also gives you more channels of generating income, you canRead more
The primary goal of investing is to preserve wealth and make more money, if you keep your money in the bank be sure to know that they’ll be affected by inflation but through investment you’re sure of turning a profit no matter how little.
It also gives you more channels of generating income, you can earn dividends on your investments which a solid income source.
See lessCan I save money for retirement?
Yes, you can save for money for retirement if you don't want to be hustling to survive in your old age, there are a lot of ways you can get started, there's pension, cooperatives and fixed deposit, all of these things help you to save money that you can use in your retirement. Another thing is to buRead more
Yes, you can save for money for retirement if you don’t want to be hustling to survive in your old age, there are a lot of ways you can get started, there’s pension, cooperatives and fixed deposit, all of these things help you to save money that you can use in your retirement.
Another thing is to build a business along side your job, it’ll sustain you greatly and it won’t be affected by inflation .
See lessWhat advice would you give to someone about to start a business
The best advise I will give to a new business owner and also advise I wish I was told when I got started is to always test any business before you go all in, it will save you a lot of headaches and disappointment. You should also try a lot of new things, ideally you have nothing to lose, so play offRead more
The best advise I will give to a new business owner and also advise I wish I was told when I got started is to always test any business before you go all in, it will save you a lot of headaches and disappointment.
You should also try a lot of new things, ideally you have nothing to lose, so play offence and go all out you may hit your biggest success in your business from your early days.
See less