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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

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LightTrusted Adviser
Asked: July 24, 2024In:

Which one teaches how to manage our finance properly, conventional education or self education system and why?

Which one teaches how to manage our finance properly, conventional education or self education system and why?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    While both have their place, self-teaching tends to excel in teaching financial management. Traditional education usually prioritizes academic topics, leaving out important lessons on handling money like budgeting, investing, and saving. By learning independently through books, classes, and real-worRead more

    While both have their place, self-teaching tends to excel in teaching financial management. Traditional education usually prioritizes academic topics, leaving out important lessons on handling money like budgeting, investing, and saving. By learning independently through books, classes, and real-world situations, individuals can grasp the ins and outs of finances, develop strong money habits, and refine tactics to enhance their financial well-being and prosperity in the long run. 💰📚

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Light
LightTrusted Adviser
Asked: July 25, 2024In:

You can motivate or inspire people if you share some of the things you like about your business. Can you tell us any?

You can motivate or inspire people if you share some of the things you like about your business. Can you tell us any?

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  1. De Mogul
    De Mogul Expert Mind A student

    The reason why I love my business is the fact that it is very flexible and allows me to do other things and also explore other careers because sometimes one specific job is not enough to feed and provide for your family. Also the fact that I don't have to meet people always there's something I reallRead more

    The reason why I love my business is the fact that it is very flexible and allows me to do other things and also explore other careers because sometimes one specific job is not enough to feed and provide for your family.

    Also the fact that I don’t have to meet people always there’s something I really love about it because I’m not someone that actually does well with people socially

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Abigael
AbigaelTrusted Adviser
Asked: August 24, 2023In:

I have seen many people who post on Twitter claiming that gambling is their source of income. That they invest in it and can make money just like any other investment. Well, I think they are just influencers trying to promote ...Read more

I have seen many people who post on Twitter claiming that gambling is their source of income. That they invest in it and can make money just like any other investment.

Well, I think they are just influencers trying to promote gambling sites. Have you ever benefited in gambling as an investment strategy?

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  1. spencer
    spencer Enlightened Mentor

    No, Gambling is not an investment strategy, even though I've heard a lot of people call themselves investors even though what they do is basically gambling, you're better off betting on the market and putting your money in a business, fail, learn from your failure and start allover again. Gambling wRead more

    No, Gambling is not an investment strategy, even though I’ve heard a lot of people call themselves investors even though what they do is basically gambling, you’re better off betting on the market and putting your money in a business, fail, learn from your failure and start allover again.

    Gambling will sure make you addicted and you won’t be able to survive the addiction without seeing a therapist, I’ve seen a lot of people lose everything they own to gambling.

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Jewel
Poll
JewelKnowledge Seeker
Asked: September 20, 2023In:

In choosing an investment period some people prefer short term while some prefer the long one knowing the right term to use in investment could help with your financial capacity, how will I know the period that would fit me?

In choosing an investment period some people prefer short term while some prefer the long one knowing the right term to use in investment could help with your financial capacity, how will I know the period that would fit me?

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Poll Results

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Participate in Poll, Choose Your Answer.

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  1. Scopee001
    Scopee001 Newcomer
    This answer was edited.

    This like many investment questions depends on the goal of investment. However, on a general level, long term investments are better than short term investments for a number of reasons. 1. Interest accrued 2. Compounded interest 3. Usefulness of money saved for a longer duration Most investments accRead more

    This like many investment questions depends on the goal of investment. However, on a general level, long term investments are better than short term investments for a number of reasons.

    1. Interest accrued

    2. Compounded interest

    3. Usefulness of money saved for a longer duration

    Most investments accrue interest based on scale and duration. The longer the period of investment, the more the interest accrued. This in itself is a major advantage of long term investments.

    Furthermore, compound interest is another interesting angle. The more funds added to a capital used in investment and this lump sum reinvested, the more exponential the final fund realized after a period of time. This is the 8th wonder of the world supposedly according to Albert Einstein.

    To finalize, let’s look at ordinary benefit of saving money for long periods compared to shorter periods. There is money for a rainy day preserved that could have otherwise being spent on frivolities and non pressing requirements. This is self explanatory.

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Light
LightTrusted Adviser
Asked: July 24, 2024In:

So many people want to criticize you for every action you take. The truth is even when you are offering value in your business, people still want to talk bad at you. You should be persistent, keep going and to ...Read more

So many people want to criticize you for every action you take. The truth is even when you are offering value in your business, people still want to talk bad at you. You should be persistent, keep going and to pay attention to their unhealthy criticisms as far as you know you are doing the right thing.

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  1. De Mogul
    De Mogul Expert Mind A student

    in any business we do we must be criticized whether we like it or not because that is the nature of human. criticism is a very good and essential thing in any business which serves as a motivation to a builder or entrepreneur to make sure that they keeps going stronger. While some criticisms are heaRead more

    in any business we do we must be criticized whether we like it or not because that is the nature of human.

    criticism is a very good and essential thing in any business which serves as a motivation to a builder or entrepreneur to make sure that they keeps going stronger.

    While some criticisms are healthy and not too personal some come as an attack to you. You have to make sure that you don’t take some words to hurt so that it doesn’t affect you emotionally.
    It should only serve as a fuel to push you to success.

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Lens
LensKnowledge Seeker
Asked: September 15, 2023In:

There has been a lot of allegations that bitcoin is used to perpetrate fraudulent activities . This is because it lacked central authority . What do you think about this?

There has been a lot of allegations that bitcoin is used to perpetrate fraudulent activities . This is because it lacked central authority . What do you think about this?

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bitcoincryptoinvestment
  1. Suba
    Suba Knowledge Seeker

    Scam and Fraud existed before Bitcoin was created, Fiat money is also widely used by fraudsters, isn't it? In fact, there is a lot of fake fiat money circulating, but there are no fake Bitcoins. Although initially Bitcoin was anonymous, only the sender and recipient addresses were known. But currentRead more

    Scam and Fraud existed before Bitcoin was created, Fiat money is also widely used by fraudsters, isn’t it? In fact, there is a lot of fake fiat money circulating, but there are no fake Bitcoins. Although initially Bitcoin was anonymous, only the sender and recipient addresses were known. But currently all crypto wallets and exchanges require KYC so that the identity of Bitcoin owners will be easily known by the government. So money laundering, scams and fraud will be minimized.

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Jewel
JewelKnowledge Seeker
Asked: September 20, 2023In:

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

    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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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: September 15, 2023In:

Savings account and investment account has their benefits but it is also important for us to know that they also have their drawbacks . Which one do you think is better?

Savings account and investment account has their benefits but it is also important for us to know that they also have their drawbacks . Which one do you think is better?

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  1. Faith 070
    Faith 070 Newcomer

    It’s an investment account that’s better because Investment accounts let you put money in stocks, bonds, real estate funds, or mutual funds. Savings accounts only give you one type of interest income. Savings accounts are safe, but your money grows slowly. Investment accounts are riskier but give yoRead more

    It’s an investment account that’s better because Investment accounts let you put money in stocks, bonds, real estate funds, or mutual funds. Savings accounts only give you one type of interest income. Savings accounts are safe, but your money grows slowly. Investment accounts are riskier but give you a real chance to make your money grow and fight inflation.

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tray599
tray599Knowledge Seeker
Asked: August 7, 2025In:

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Both cryptocurrency trading and the Foreign Exchange Market (Forex) come with their own set of opportunities and risks.Cryptocurrency trading is known for its high volatility, with prices capable of soaring or plummeting rapidly. While it offers the potential for quick profits, losses can also occurRead more

    Both cryptocurrency trading and the Foreign Exchange Market (Forex) come with their own set of opportunities and risks.

    Cryptocurrency trading is known for its high volatility, with prices capable of soaring or plummeting rapidly. While it offers the potential for quick profits, losses can also occur swiftly. This market operates around the clock, catering to individuals comfortable with taking on substantial risks.

    On the other hand, the Forex market is characterized by greater stability and regulation. Typically, it appeals to traders who value discipline, seek long-term consistency, and prefer lower levels of volatility.

    In summary, cryptocurrency trading entails higher risk and the potential for higher rewards, while Forex provides more stability and a structured environment. The choice between the two depends on factors like your experience level, trading strategy, and tolerance for risk.

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Slaky12
Slaky12Knowledge Seeker
Asked: May 3, 2024In:

Many people have been seeing borning many children as an investment, many said it it an illegal, what do you think borning many children is?

Many people have been seeing borning many children as an investment, many said it it an illegal, what do you think borning many children is?

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businessinvestmentpersonal finance
  1. Light
    Light Trusted Adviser

    If having many children is an investment I wouldn't want to have it. If spending on children is an investment, I should try it. Do not give birth to many children because you want to task them, you are not slaver. If you want to give birth, do it moderately, just what you can train comfortably. Don'Read more

    If having many children is an investment I wouldn’t want to have it. If spending on children is an investment, I should try it. Do not give birth to many children because you want to task them, you are not slaver. If you want to give birth, do it moderately, just what you can train comfortably. Don’t create nuisance in the community, don’t stress yourself out.

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