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spencer

Enlightened Mentor
Ask spencer
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  1. Asked: April 20, 2024In: Money & Business

    Are newcomers overpaying for real estate?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:13 am

    I think it's relative and also depends on the state of the economy, if the economy is flourishing, good interest rates, no inflation, then the price of real estate will definitely be low, but when their is recession and people are looking to cash out on their assets, it will definitely be expensive.Read more

    I think it’s relative and also depends on the state of the economy, if the economy is flourishing, good interest rates, no inflation, then the price of real estate will definitely be low, but when their is recession and people are looking to cash out on their assets, it will definitely be expensive.

    Prices depends on when you’re buying and the economic situation at that point.

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

    How to pay bills after retirement?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:07 am

    Most retirees pay their bills using pension allowances, which is basically half their salary when they leave the workforce, also some retirees indulge in small business where they get to make money and live on. While some have to go back to the workforce as contract staff to be able to earn a livingRead more

    Most retirees pay their bills using pension allowances, which is basically half their salary when they leave the workforce, also some retirees indulge in small business where they get to make money and live on.

    While some have to go back to the workforce as contract staff to be able to earn a living again, it all depends on circumstances and opportunities available.

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  3. Asked: April 21, 2024In: Money & Business

    How economy affects side hustle market?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:03 am

    Yeah, economy can actually affect side hustle because a lot of people involved, do it as a means of increasing their income, when the economy isn't buoyant enough, they don't get to make money, because people are cautious and don't want to be spending unless it's essential like food or healthcare. BRead more

    Yeah, economy can actually affect side hustle because a lot of people involved, do it as a means of increasing their income, when the economy isn’t buoyant enough, they don’t get to make money, because people are cautious and don’t want to be spending unless it’s essential like food or healthcare.

    But with a flourishing economy people will definitely spend money on entertainment and others which is were most side hustle Income comes from.

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

    Why do peoples businesses fall or crash?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 4:56 am

    Because there are many odds stacked against you, you have to do a lot of things right, that's why I'm beginning to believe that the most important quality a business owner can possess is Grit.   The ability to show up everyday and do the work, just by doing that, you are better than the competiRead more

    Because there are many odds stacked against you, you have to do a lot of things right, that’s why I’m beginning to believe that the most important quality a business owner can possess is Grit.

     

    The ability to show up everyday and do the work, just by doing that, you are better than the competition, and then you focus on solving impending challenges before they rear head.

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  5. Asked: May 1, 2024In: Money & Business

    Is advisordia a social media or an online business?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 4:51 am

    Advisordia is more like a social media, where your questions are answered, from the name, it's like an advise hub where you get different advise based on different section available like Business, Retirement, Personal finance etc. You can also chat witb other users privately and also receive pointsRead more

    Advisordia is more like a social media, where your questions are answered, from the name, it’s like an advise hub where you get different advise based on different section available like Business, Retirement, Personal finance etc.

    You can also chat witb other users privately and also receive points when you interact with the platform by either making a post or asking a question.

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  6. Asked: May 1, 2024In: Money & Business

    What is good about making money online?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 4:21 am

    The good thing about making money online is the freedom it offers, you can work from anywhere in the planet, the only thing you'd need is an internet connection, that's the biggest perk of working online. Anothet great point is the ability to serve people that lives anywhere on the planet, so that mRead more

    The good thing about making money online is the freedom it offers, you can work from anywhere in the planet, the only thing you’d need is an internet connection, that’s the biggest perk of working online.

    Anothet great point is the ability to serve people that lives anywhere on the planet, so that means you can make ridiculous amount of money since the internet is your scale.

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

    Can you make money with zobo business?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:57 am

    Yes, you can actually make money with Zobo business, Zobo is a popular drink in Sub Saharan Africa made from Hibiscus Zabdriffa, it is tasty and healthy, I think Zobo will sell particularly in dry season, if you can get some chilled Zobo to popular joints, you'll definitely make sales. You should alRead more

    Yes, you can actually make money with Zobo business, Zobo is a popular drink in Sub Saharan Africa made from Hibiscus Zabdriffa, it is tasty and healthy, I think Zobo will sell particularly in dry season, if you can get some chilled Zobo to popular joints, you’ll definitely make sales.

    You should also beware of credits because it can easily thwart your business and make marginalize your profits.

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  8. Asked: May 1, 2024In: Money & Business

    How to engage with community as a small business

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:51 am

    Community engagement can help your business tremendously, it can bring new customers to you, depending on how good you're, this strategy mostly works in communal setting, where everyone knows each other. It is important to be aware of the kind of environment you are in and also create a framework toRead more

    Community engagement can help your business tremendously, it can bring new customers to you, depending on how good you’re, this strategy mostly works in communal setting, where everyone knows each other.

    It is important to be aware of the kind of environment you are in and also create a framework to work with that to maximise the benefits, you can also explore giving out discounts too, might help.

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  9. Asked: April 28, 2024In: Money & Business

    What are the best ideas for small businesses?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:41 am

    The best small business idea, is a business that can get you to cash flow pretty quickly, don't start a rocket company or a car manufacturing company, but start small, a business like buying and selling can make you money quickly, and with time you'll be able t scale it. If you look around your domeRead more

    The best small business idea, is a business that can get you to cash flow pretty quickly, don’t start a rocket company or a car manufacturing company, but start small, a business like buying and selling can make you money quickly, and with time you’ll be able t scale it.

    If you look around your domestic environment there are a lot of small businesses you can start and make money.

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  10. Asked: April 25, 2024In: Money & Business

    Is trading more popular than investing in your opinion?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 1, 2024 at 5:35 am

    It actually depends on your demographics, if your demographics are young people, then yes, trading could be popular, that's one of the most popular ways of making money, if your demographics is older people, then they are going to talk about investing more. So, you can easily have a skew view of whaRead more

    It actually depends on your demographics, if your demographics are young people, then yes, trading could be popular, that’s one of the most popular ways of making money, if your demographics is older people, then they are going to talk about investing more.

    So, you can easily have a skew view of what’s more popular depending on the type of people you spend your time with.

     

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