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LightTrusted Adviser
Asked: September 16, 2023In: Money & Business

How do you maintain your credit score while you owing debts

Sometimes you see yourself owing several debts especially when you are earning so low. How do you deal with this without it affecting your credit score?

Sometimes you see yourself owing several debts especially when you are earning so low. How do you deal with this without it affecting your credit score?

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  1. Mika
    Mika Expert Mind
    Added an answer on May 4, 2024 at 3:05 am

    Credit score describes your ability to get a loan, if you get a loan and if you pay loan on time, and never miss any loan repayments, your credit score will be high. If you never get a loan, your credit score will not improve. The more you get loan and the faster you pay back your loan, higher is yoRead more

    Credit score describes your ability to get a loan, if you get a loan and if you pay loan on time, and never miss any loan repayments, your credit score will be high. If you never get a loan, your credit score will not improve. The more you get loan and the faster you pay back your loan, higher is your credit score. You can maintain your credit score while having a loan by repaying your loan in time.

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Tray59
Tray59
Asked: October 11, 2023In: Money & Business

Can a business man work online?

I have a business offline where I sold bicycle and computer gadgets please can I work online as well,thou my business is so time consuming sometime I feel like giving up online,should I continue working online.

I have a business offline where I sold bicycle and computer gadgets please can I work online as well,thou my business is so time consuming sometime I feel like giving up online,should I continue working online.

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  1. Udyfortune
    Udyfortune Newcomer
    Added an answer on April 27, 2024 at 1:35 pm

    It is very important to have multiple business and multiple source of income so to accumulate a lot of money and save for old age and retirement, multiple source of money is very good because it will help you to bounce back if in case the other business crash , have another  source of business helpRead more

    It is very important to have multiple business and multiple source of income so to accumulate a lot of money and save for old age and retirement, multiple source of money is very good because it will help you to bounce back if in case the other business crash , have another  source of business help you to use money with ease and make investment conveniently

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yusra
yusraTrusted Adviser
Asked: September 19, 2023In: Money & Business

How much does it cost to talk to a financial advisor?

With the costs of living rising and financial uncertainty in the air, many wonder what the price is for professional guidance on managing money. How much does one have to pay per session or package to get financial advice from ...Read more

With the costs of living rising and financial uncertainty in the air, many wonder what the price is for professional guidance on managing money. How much does one have to pay per session or package to get financial advice from a qualified advisor these days?

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  1. Suba
    Suba Knowledge Seeker
    Added an answer on April 26, 2024 at 2:18 pm

    There are no rules or regulations regarding the fee that you have to pay to a financial advisor, it all depends on the level of complexity of your financial problems, as well as the value/amount of assets that determines the amount of a financial advisor's fee. If you need the services of a financiaRead more

    There are no rules or regulations regarding the fee that you have to pay to a financial advisor, it all depends on the level of complexity of your financial problems, as well as the value/amount of assets that determines the amount of a financial advisor’s fee. If you need the services of a financial advisor to open a large project, of course the costs will be very expensive. .

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Ceejay76
Ceejay76Newcomer
Asked: August 27, 2023In: Money & Business

When is the right time to start saving?

When you have a lot of responsibility you sometime may not remember that, even at that time, you supposed to have some money saved. When is the right time to save money? Is it when I have much money before ...Read more

When you have a lot of responsibility you sometime may not remember that, even at that time, you supposed to have some money saved. When is the right time to save money? Is it when I have much money before I can start saving?

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  1. Mosiur
    Mosiur Newcomer
    Added an answer on April 26, 2024 at 12:51 pm

    Retirement is a very crucial time when you will feel the actual reality. Those who are getting ill luck, will face the time very sorrowfully. Your young sons and daughters may come to help you with proper care. But now a days, that chance is very little. So, start saving since now. Its proper time iRead more

    Retirement is a very crucial time when you will feel the actual reality. Those who are getting ill luck, will face the time very sorrowfully. Your young sons and daughters may come to help you with proper care. But now a days, that chance is very little. So, start saving since now. Its proper time is whenever you are an employee or something you are doing independently. If you start saving money, your future will be brighter when you will be old.

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yusra
yusraTrusted Adviser
Asked: September 14, 2023In: Money & Business

What is the quickest method to get out of debt?

What is the most effective strategy to pay off high-interest credit card and loan debts as quickly as possible, while minimizing interest charges, through methods like debt consolidation, balance transfers, aggressively paying down highest interest debts first, negotiating lower rates, ...Read more

What is the most effective strategy to pay off high-interest credit card and loan debts as quickly as possible, while minimizing interest charges, through methods like debt consolidation, balance transfers, aggressively paying down highest interest debts first, negotiating lower rates, or leveraging debt payoff tools?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 21, 2024 at 11:57 am

    For me I'm always of the views that it is not good to owe. but if you are into debt then you must find a way to get out. you need to start paying down your debts especially the high interest debts but if you can't at that moment you can negotiiate for a lower rates, or leverage with debt payoff toolRead more

    For me I’m always of the views that it is not good to owe. but if you are into debt then you must find a way to get out. you need to start paying down your debts especially the high interest debts
    but if you can’t at that moment you can negotiiate for a lower rates, or leverage with debt payoff tools. but the bottom line is that you pay off. you would feel a burden lifted off you when you do.

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yusra
yusraTrusted Adviser
Asked: August 15, 2023In: Money & Business

What You Should Know About The Future Of Digital Banking

How will emerging technologies like blockchain, AI, and biometrics transform digital banking in the coming years, and what impact will this have on customer experience, security, and accessibility of financial services?

How will emerging technologies like blockchain, AI, and biometrics transform digital banking in the coming years, and what impact will this have on customer experience, security, and accessibility of financial services?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on April 6, 2024 at 11:55 am

    I think the emergence of Blockchain and AI technology will make online banking much faster and convenient. There is also a high chance that most online transactions will be decentralized with many people embracing cryptocurrencies wholeheartedly. But I also know that the governments will fight decenRead more

    I think the emergence of Blockchain and AI technology will make online banking much faster and convenient. There is also a high chance that most online transactions will be decentralized with many people embracing cryptocurrencies wholeheartedly. But I also know that the governments will fight decentralization by banning and coming up with policies against it.

    All in all, digital banking is to undergo massive change which of course will come with it’s advantages and disadvantages. It is up to businesses to know which ones to embrace and what safety measures to take up.

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Tray59
Tray59
Asked: October 11, 2023In: Money & Business

Best home business for retiree

I have an eldee person at home who just got rwtiret few months ago,he is in need of a business to do at home at 58yrs.I tried to see if I can make him work online but he said is ...Read more

I have an eldee person at home who just got rwtiret few months ago,he is in need of a business to do at home at 58yrs.I tried to see if I can make him work online but he said is boring,his poultry farm business is no longer moving,what is the best business to suggest for him.good answer with experience please.

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  1. Mika
    Mika Expert Mind
    Added an answer on April 2, 2024 at 4:19 am

    Does this person has cooking skills? Well, in that case he can try cloud kitchen. This business method requires to cook food and sell food online. You do not need to rent place, you can do it from your home? Does this person has some gardening skills? Well, in that case, he can sell plants online, hRead more

    Does this person has cooking skills? Well, in that case he can try cloud kitchen. This business method requires to cook food and sell food online. You do not need to rent place, you can do it from your home?
    Does this person has some gardening skills? Well, in that case, he can sell plants online, he can even sell tutorials on gardening.
    Does this person has design skills, he can design clothes and sell online

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Tray59
Tray59Newcomer
Asked: October 11, 2023In: Money & Business

How to start mini importation business online

I have some money and I want to start mini importation business online,please what are the criteria for this?the first person I meet ask me to deposit money into his account first is that proper?who has the business

I have some money and I want to start mini importation business online,please what are the criteria for this?the first person I meet ask me to deposit money into his account first is that proper?who has the business

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  1. Johnson Victory
    Johnson Victory Newcomer
    Added an answer on October 16, 2023 at 3:43 pm

    First, you'll need to come up with an idea for your business. This could be anything from selling home made products to offering a service, such as writing or graphics design. Once you have an idea you I'll need to create a website or an online store where you can sell products or services. You willRead more

    First, you’ll need to come up with an idea for your business. This could be anything from selling home made products to offering a service, such as writing or graphics design. Once you have an idea you I’ll need to create a website or an online store where you can sell products or services. You will also need to set up a payment system, as PayPal or stripe . Finally you’ll also need to market your business through social media and other online channels

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yusra
yusraTrusted Adviser
Asked: September 21, 2023In: Insurance, Money & Business

Underwriter in Finance: What Do They Do, What Are Different Types

Financial underwriters play a key role in evaluating and pricing risk for investments. What are the main responsibilities of an underwriter? What types of underwriters are there, such as those dealing with IPOs, insurance, credit, and more? How does their ...Read more

Financial underwriters play a key role in evaluating and pricing risk for investments. What are the main responsibilities of an underwriter? What types of underwriters are there, such as those dealing with IPOs, insurance, credit, and more? How does their work support financial markets?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 21, 2023 at 2:53 pm

    Underwriters in finance play a crucial role in assessing and managing risk for insurance companies or investment banks. Their primary responsibility is to evaluate the potential risks associated with insuring a client or financing a project. They analyze financial information, conduct risk assessmenRead more

    Underwriters in finance play a crucial role in assessing and managing risk for insurance companies or investment banks. Their primary responsibility is to evaluate the potential risks associated with insuring a client or financing a project. They analyze financial information, conduct risk assessments, and determine the terms and conditions of insurance coverage or investment. There are different types of underwriters, such as life insurance underwriters who evaluate health and lifestyle factors, or securities underwriters who assess the potential risks and rewards of investing in certain financial products.

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yusra
yusraTrusted Adviser
Asked: September 19, 2023In: Money & Business

How do I create a notion template to track my finances?

For those using Notion to organize their lives, what are some effective template setups to track personal finances within Notion? What key pages, views, filters, and formulas enable monitoring spending, budgeting, saving, investing, and financial planning activities in Notion? How ...Read more

For those using Notion to organize their lives, what are some effective template setups to track personal finances within Notion? What key pages, views, filters, and formulas enable monitoring spending, budgeting, saving, investing, and financial planning activities in Notion? How can Notion be leveraged to gain control over money management?

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  1. Ramolak19
    Ramolak19 Knowledge Seeker
    Added an answer on September 19, 2023 at 3:14 pm

    Anyway you need to identifying the categories for income, expenses, and savings in order to develop a Notion template for recording funds. To enter and organize financial transactions, use tables or databases. Include columns for the category, amount, date, and description. To calculate totals and eRead more

    Anyway you need to identifying the categories for income, expenses, and savings in order to develop a Notion template for recording funds. To enter and organize financial transactions, use tables or databases. Include columns for the category, amount, date, and description. To calculate totals and examine expenditure patterns, add formulas. Add more fields, charts, and visualizations to the template as needed to suit your needs.

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