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Mika
MikaExpert Mind
Asked: April 27, 2024In: Money & Business

What are the risks of using investment as retirement benefits?

What are the potential risks and rewards of using investments such as real estate, stock market, or cryptocurrency, into a retirement portfolio? is there any benefit of investing for retirement

What are the potential risks and rewards of using investments such as real estate, stock market, or cryptocurrency, into a retirement portfolio? is there any benefit of investing for retirement

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  1. Light
    Light Trusted Adviser
    Added an answer on July 22, 2024 at 3:10 pm

    If you have been investing in stock market, real estate and cryptocurrency, you are likely a billionaire or at worst a millionaire before you retire however every business hold its risk. When you talk about cryptocurrency, it's highly volatile so you should be concerned about the risk involved. StocRead more

    If you have been investing in stock market, real estate and cryptocurrency, you are likely a billionaire or at worst a millionaire before you retire however every business hold its risk. When you talk about cryptocurrency, it’s highly volatile so you should be concerned about the risk involved. Stock market too can crash although there are various reliable stock market but know investment success is 100 percent guaranteed

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Light
LightTrusted Adviser
Asked: July 20, 2024In: Money & Business

How do You Pay Salaries While Earning low?

You can’t run a business without employing workers and for you to employ some workers, you will need some money. What do you do if you don’t have money to do that at the moment?

You can’t run a business without employing workers and for you to employ some workers, you will need some money. What do you do if you don’t have money to do that at the moment?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 22, 2024 at 10:36 am

    When starting a new business where you have to hire employees, you need to factor in how you are going to pay them when the business has not really become well established. Therefore, their salary should be in your business plan and part of the capital you are starting the business with. You need toRead more

    When starting a new business where you have to hire employees, you need to factor in how you are going to pay them when the business has not really become well established. Therefore, their salary should be in your business plan and part of the capital you are starting the business with. You need to tell them how much the salary will be, probably it will be a low start given that you are paying them from your pocket. Then promise to increase it as the business grows. That is how you start off paying workers when business income is still low.

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Light
LightTrusted Adviser
Asked: July 20, 2024In: Money & Business

How do You Make Money without having Capital?

When you want to make reasonable money online you need to invest. Even if you want to try drop shipping, you have to pay at some point so you will need capital.

When you want to make reasonable money online you need to invest. Even if you want to try drop shipping, you have to pay at some point so you will need capital.

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 22, 2024 at 10:33 am

    There are ways you can make money online without needing capital. Of course you will still need some money to buy data subscription or buy a good Device, but beyond that you just need to earn. This is through selling your skills in freelancing platforms and anywhere else you can get clients. Think oRead more

    There are ways you can make money online without needing capital. Of course you will still need some money to buy data subscription or buy a good Device, but beyond that you just need to earn. This is through selling your skills in freelancing platforms and anywhere else you can get clients. Think of doing writing jobs, transcription or doing some translation jobs. You just need the skills and a way to attract clients and you are good to start earning.

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Light
LightTrusted Adviser
Asked: July 21, 2024In: Money & Business

How Much do You Need to Start a Bakery Business,?

Bakery business is a lucrative business as people eat snacks, pies, bread everyday. This can serve a fast food. How much do you need to start this kind of business?

Bakery business is a lucrative business as people eat snacks, pies, bread everyday. This can serve a fast food. How much do you need to start this kind of business?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 22, 2024 at 10:23 am

    A bakery business is indeed a very good one to venture into. The amount you need depends on how big you want your business to be, whether you will rent space and if you will need to hire employees. The most important thing is to have tools such as an oven and the treys you need in baking. You also nRead more

    A bakery business is indeed a very good one to venture into. The amount you need depends on how big you want your business to be, whether you will rent space and if you will need to hire employees. The most important thing is to have tools such as an oven and the treys you need in baking. You also need to factor in all the ingredients and toppings you may need when baking. All these will be sorted out during business planning stage and will help you know how much money you need to kickstart the business.

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Light
LightTrusted Adviser
Asked: July 20, 2024In: Money & Business

How do You Cater For Your Family With Low Income?

As a family man, how do you care for your family while earning low income? What are the tips required to quickly boost your income?

As a family man, how do you care for your family while earning low income? What are the tips required to quickly boost your income?

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  1. Light
    Light Trusted Adviser
    Added an answer on July 21, 2024 at 10:49 pm

    You are right, this is a bad thing. The best time to earn more is before marriage. I don't mean you cannot make it while in marriage. But if you don't want to struggle too much you should get your things together before marriage. You can also talk your partner into working too. The problem is sometiRead more

    You are right, this is a bad thing. The best time to earn more is before marriage. I don’t mean you cannot make it while in marriage. But if you don’t want to struggle too much you should get your things together before marriage. You can also talk your partner into working too. The problem is sometimes the wife or the husband dint want to do this .

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Light
LightTrusted Adviser
Asked: July 20, 2024In: Money & Business

How do You Start a Multibillion Business With low Capital?

Some businesses earn billions in a short time and it will amaze you that the owner started with a little sum of money. How is this possible?

Some businesses earn billions in a short time and it will amaze you that the owner started with a little sum of money. How is this possible?

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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on July 21, 2024 at 4:58 pm

    To start a multibillion business with less capital, you need a planned approach. Focus on an accessible idea, prioritize operations, use technology for efficiency, form partnerships, get investors, and reinvest profits. Adjusting to markets, and upholding a strong vision, you can create a successfulRead more

    To start a multibillion business with less capital, you need a planned approach. Focus on an accessible idea, prioritize operations, use technology for efficiency, form partnerships, get investors, and reinvest profits. Adjusting to markets, and upholding a strong vision, you can create a successful business that grows into a multibillion-dollar domain.

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spencer
spencerEnlightened Mentor
Asked: May 25, 2024In: Money & Business

Does Investment Has a Lifecycle like Crypto?

Does Investment has a lifecycle for example, the way crypto pundits say it’s a bull run or a bear run, can an investor position for such moves and take advantage of them, or they are different from each other?

Does Investment has a lifecycle for example, the way crypto pundits say it’s a bull run or a bear run, can an investor position for such moves and take advantage of them, or they are different from each other?

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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on July 20, 2024 at 12:22 pm

    Investment does have a lifespan like crypto. It involves steps like research, decision-making, application, monitoring, and exit plans. Both involve market analysis, risk management, and adjusting to market conditions. Understanding these stages is important for increasing returns and managing risksRead more

    Investment does have a lifespan like crypto. It involves steps like research, decision-making, application, monitoring, and exit plans. Both involve market analysis, risk management, and adjusting to market conditions. Understanding these stages is important for increasing returns and managing risks in both customary investments and crypto currency.

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Jewel
JewelKnowledge Seeker
Asked: September 20, 2023In: Money & Business

Can I take a loan to start an investment?

Taking a loan is a very risky act because it might happen the person could not be able to pay back the loan also investment is kinda risky, does it make sense to take a loan for investment?

Taking a loan is a very risky act because it might happen the person could not be able to pay back the loan also investment is kinda risky, does it make sense to take a loan for investment?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 19, 2024 at 6:27 pm

    No, it'll even be better if it's a business, why do you want to take a loan to start investing? Investing typically take a very long time before it matures and you might make some bad Investment that might make you lose money. The best thing is to save your money and invest yourself, put the risk onRead more

    No, it’ll even be better if it’s a business, why do you want to take a loan to start investing? Investing typically take a very long time before it matures and you might make some bad Investment that might make you lose money.

    The best thing is to save your money and invest yourself, put the risk on yourself, so that even if it goes sideways you’ll not get any blame whatsoever.

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Precious
PreciousKnowledge Seeker
Asked: September 10, 2023In: Money & Business

As a investor, is it wise to invest with your life savings?

Like they said, the more you invest is the more you earn, which means that you have to invest with big quality capital to also earn quality income, but does it make sense to invest with your life savings?.

Like they said, the more you invest is the more you earn, which means that you have to invest with big quality capital to also earn quality income, but does it make sense to invest with your life savings?.

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investmentinvestorslife savings
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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 18, 2024 at 6:46 pm

    When you hear that people should not put their eggs in one basket, it applies to investment greatly too. There is no sure investment in the world as it stands. Every kind of investment has a degree of risks and putting your life savings to invest in any venture would leave you financially exposed ifRead more

    When you hear that people should not put their eggs in one basket, it applies to investment greatly too. There is no sure investment in the world as it stands. Every kind of investment has a degree of risks and putting your life savings to invest in any venture would leave you financially exposed if something happens and the investment fails. You should build your portfolio bit by bit rather than emptying your life savings into investments.

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Jewel
JewelKnowledge Seeker
Asked: September 19, 2023In: Money & Business

How much should I put into investment?

The amount of money we use in a particular investment in a particular asset is very important because it’s determine the amount of you are going to get out from it after everything, so how much should i spend in ...Read more

The amount of money we use in a particular investment in a particular asset is very important because it’s determine the amount of you are going to get out from it after everything, so how much should i spend in investment?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on July 17, 2024 at 5:22 pm

    How much to invest is really subjective depending on your income, it's generally around 30%, you should focus on clearing any debt or paying back loans before you think of investment, it's easier to start on a clean slate. Also when it comes to investment it varies because of many factors like the aRead more

    How much to invest is really subjective depending on your income, it’s generally around 30%, you should focus on clearing any debt or paying back loans before you think of investment, it’s easier to start on a clean slate.

    Also when it comes to investment it varies because of many factors like the asset class you’re investing in and your knowledge about Investment.

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