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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  1. Asked: September 13, 2023In: Crypto & Forex

    Did banning of cryptocurrency affect you in anyway?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:47 pm

    No, when crypto was banned in my country, I wasn't affected one bit because VPN exist and that's what we pretty much use to access these websites, but what actually affected me was delisting of my country's currency from Binance, so you're not able make exchanges at all. You'll have to exchange yourRead more

    No, when crypto was banned in my country, I wasn’t affected one bit because VPN exist and that’s what we pretty much use to access these websites, but what actually affected me was delisting of my country’s currency from Binance, so you’re not able make exchanges at all.

    You’ll have to exchange your funds in another exchange entirely and it attracts some charges, nevertheless I think it’ll be fixed with time.

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  2. Asked: May 12, 2024In: Money & Business

    How do You Improve Your Personal Finance?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:42 pm

    Improving your personal finance depends on the situation you're in your life, if you're just getting started, with nothing just a low paying job, you'll have to put a lot of work in, in order to get to where you want. But if you have a comfortable job with a good salary then you can start savings riRead more

    Improving your personal finance depends on the situation you’re in your life, if you’re just getting started, with nothing just a low paying job, you’ll have to put a lot of work in, in order to get to where you want.

    But if you have a comfortable job with a good salary then you can start savings right away and learn more about investing, or learn how to run a business and start one.

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  3. Asked: September 24, 2023In: Money & Business

    What is alternative financing?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:37 pm

    There are different alternative financing you can use to fund your business, you can create a very elaborate business plan and start talking to your family members, be willing to share the business profits with them, it'll make them do business with you. You can also get in touch with angel investorRead more

    There are different alternative financing you can use to fund your business, you can create a very elaborate business plan and start talking to your family members, be willing to share the business profits with them, it’ll make them do business with you.

    You can also get in touch with angel investors and see if your interests align, they’ll mostly give you an equity based capital.

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  4. Asked: September 19, 2023In: Money & Business

    Why is user experience vital for higher online sales?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:32 pm

    A good user experience is vital to help other users navigate the website smoothly for example if your website is hard to navigate a lot of your potential clients or users will abandon it and move on to others, so the rules should be it should be easy on the eyes, have a matching color, good design.Read more

    A good user experience is vital to help other users navigate the website smoothly for example if your website is hard to navigate a lot of your potential clients or users will abandon it and move on to others, so the rules should be it should be easy on the eyes, have a matching color, good design.

    And also have a clear instructions on what the user should do, if possible have a dedicated page to teach users how to use your app or website.

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

    How to grow your wealth in low income?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:27 pm

    Growing your wealth with a low income demands a great sacrifice, you have to be able to sacrifice most of your meagre income in growing your business, first of all you'll have to save, it'll take you a very long time to save enough to start a business. You might also look at climbing the corporate lRead more

    Growing your wealth with a low income demands a great sacrifice, you have to be able to sacrifice most of your meagre income in growing your business, first of all you’ll have to save, it’ll take you a very long time to save enough to start a business.

    You might also look at climbing the corporate ladder in your job and increase your income, by getting more certifications and learning more skills.

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  6. Asked: April 27, 2024In: Money & Business

    What percentage of your income should you save each month?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 18, 2024 at 3:22 pm

    Most people save 10% of their paycheck every month, if you do that for 10 months you have 100% of your paycheck so even if you lose your job you'll be able to sustain yourself, you can also use your savings to invest in other businesses or a fixed deposit to be earning a dividend from. Some people sRead more

    Most people save 10% of their paycheck every month, if you do that for 10 months you have 100% of your paycheck so even if you lose your job you’ll be able to sustain yourself, you can also use your savings to invest in other businesses or a fixed deposit to be earning a dividend from.

    Some people save around 40% of their monthly income, it all depends on your drive and what you want to achieve.

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

    Making money online as farmer, how is that possible?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 17, 2024 at 9:21 am

    As a farmer, you can make money doing a lot of stuffs like, building your social media profile documenting your farming process, then from there you can create a course for people that are interest in the process and wants to start on their own too. You can also create a platform with Shopify and seRead more

    As a farmer, you can make money doing a lot of stuffs like, building your social media profile documenting your farming process, then from there you can create a course for people that are interest in the process and wants to start on their own too.

    You can also create a platform with Shopify and sell your farm produce to your local buyers directly online, with internet the possibilities are endless.

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  8. Asked: August 25, 2023In: Money & Business

    When is The Best Time to Employ More Workers?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 17, 2024 at 9:17 am

    The Best time to employ more people in your company is when the company starts to grow fast, and a company starts to grow fast when it hits a product market fit, when getting clients is easy, you've started piling up more responsibilities than you can handle. That's when you open your doors for newRead more

    The Best time to employ more people in your company is when the company starts to grow fast, and a company starts to grow fast when it hits a product market fit, when getting clients is easy, you’ve started piling up more responsibilities than you can handle.

    That’s when you open your doors for new people but even at that you’ll have to be careful not to hire charlatans.

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

    What are some practical ways to create a budget?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 17, 2024 at 9:12 am

    Practical steps? Tear a sheet of paper and start writing everything you want to buy, doesn't matter if it's a need or want, after writing that down, classify your list into needs and wants, you know what you need best. Make a list of your needs and your income, decide how much you want to spend on eRead more

    Practical steps? Tear a sheet of paper and start writing everything you want to buy, doesn’t matter if it’s a need or want, after writing that down, classify your list into needs and wants, you know what you need best.

    Make a list of your needs and your income, decide how much you want to spend on each and boom, you’ve created a budget for yourself, you can indulge in your wants once in a while when you have surplus.

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  10. Asked: September 14, 2023In: Money & Business

    Reasons you find it hard to market your business products?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 17, 2024 at 9:07 am

    Lack of good marketing budget can hinder a business greatly in marketing efficiently, while some business or producs are really great, if you don't have enough budget to market what you do, your business might/will not be found. On the other hand, some business lack good marketing strategies, for exRead more

    Lack of good marketing budget can hinder a business greatly in marketing efficiently, while some business or producs are really great, if you don’t have enough budget to market what you do, your business might/will not be found.

    On the other hand, some business lack good marketing strategies, for example marketing an online business offline instead of utilizing Google ads and Facebook ads etc

     

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