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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Light
LightTrusted Adviser
Asked: July 6, 2024In:

Money Management is something most people don’t even remember until they get to the bottom of their pocket. You should learn to mage your money because of you don’t do, no matter how much it will be exhausted in a ...Read more

Money Management is something most people don’t even remember until they get to the bottom of their pocket. You should learn to mage your money because of you don’t do, no matter how much it will be exhausted in a short period. Why do you think people are conscious of saving or managing their money  after they exhausted the money?

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  1. Carpon
    Carpon Expert Mind Hustler

    I think it is majorly because people do not see the need unless they find out that the are in a mess and mostly you find that most of the things that will have been helpful at some point, people never discover or use it unless they have a taste of doing without it Experience they say is the best teaRead more

    I think it is majorly because people do not see the need unless they find out that the are in a mess and mostly you find that most of the things that will have been helpful at some point, people never discover or use it unless they have a taste of doing without it

    Experience they say is the best teacher and sometimes it becomes the only teacher because people can never learn unless it is in the hard way a times

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Svishok
SvishokExpert Mind
Asked: September 2, 2023In:

Evaluating a company’s financial health is essential for stock investors. This involves examining financial statements, cash flow, debt levels, and profitability ratios. By doing so, you can gauge whether a company is stable and has the potential for growth, helping ...Read more

Evaluating a company’s financial health is essential for stock investors. This involves examining financial statements, cash flow, debt levels, and profitability ratios. By doing so, you can gauge whether a company is stable and has the potential for growth, helping you make informed investment decisions.

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    To assess a company's financial health, one should start by analyzing its financial statements, including the balance sheet, income statement, and cash flow statement, to understand its financial position, profitability, and liquidity. Additionally, examining important financial ratios such as debt-Read more

    To assess a company’s financial health, one should start by analyzing its financial statements, including the balance sheet, income statement, and cash flow statement, to understand its financial position, profitability, and liquidity. Additionally, examining important financial ratios such as debt-to-equity ratio, current ratio, and return on equity can provide insight into the company’s leverage, liquidity, and profitability. Lastly, comparing the company’s financial performance to industry benchmarks and trends can help determine how it fares relative to its competitors and the overall market.

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Light
LightTrusted Adviser
Asked: August 1, 2024In:

When you retire, it’s not healthy to just stay idle. It’s not really easy to say total goodbye to that “activeness” so what are the healthy side hustle you can engage in during this period?

When you retire, it’s not healthy to just stay idle. It’s not really easy to say total goodbye to that “activeness” so what are the healthy side hustle you can engage in during this period?

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  1. Augusta
    Augusta Enlightened Mentor
    This answer was edited.

    Yes Retired People can still Make Money. You don't need to stsyudke you need to start Earning Indeed Finding a job or a side hustle is key. You can start Freelancing in your field of expertise Start tutoring whether online or offline· Become a part-time animal caretaker · Rent out parts of your housRead more

    Yes Retired People can still Make Money. You don’t need to stsyudke you need to start Earning Indeed
    Finding a job or a side hustle is key.
    You can start Freelancing in your field of expertise Start tutoring whether online or offline· Become a part-time animal caretaker · Rent out parts of your house ·

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Ceejay76
Ceejay76Newcomer
Asked: August 27, 2023In:

In other to avoid been over spending or spending unnecessarily, one must understand the right way to spend and how to spend. How can I spend money in a right way? What is the good way to spend my money?

In other to avoid been over spending or spending unnecessarily, one must understand the right way to spend and how to spend. How can I spend money in a right way? What is the good way to spend my money?

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  1. Augusta
    Augusta Enlightened Mentor

    It is to spend it mostly on your needs not your wants. Try to be sure you really need a thing so that you are not just wasting the money but spending it on what you really need. Another is to have a budget and work with it. This wsy you are going with what you feel you really need not do impluse buyRead more

    It is to spend it mostly on your needs not your wants. Try to be sure you really need a thing so that you are not just wasting the money but spending it on what you really need. Another is to have a budget and work with it. This wsy you are going with what you feel you really need not do impluse buying with what you should not be buying .

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In:

Running a business is never easy, a business owner needs to put in their very best into the business for it to succeed. What quality should a business owner have in other to succeed?

Running a business is never easy, a business owner needs to put in their very best into the business for it to succeed. What quality should a business owner have in other to succeed?

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yusra
yusraTrusted Adviser
Asked: September 9, 2023In:

What is the ideal number of different stocks for an individual to hold in their investment portfolio in order to properly diversify and minimize risk, and does this number vary depending on the size of the portfolio or risk ...Read more

What is the ideal number of different stocks for an individual to hold in their investment portfolio in order to properly diversify and minimize risk, and does this number vary depending on the size of the portfolio or risk tolerance?

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  1. deucher
    deucher Active Contributor

    I think that even a large number of shares will not guarantee that you will not lose money and in my opinion it only increases the risk because several companies can collapse at the same time. In my opinion, a good option would be to have 2 or 3 reliable companies, for example, Apple. In which 50 ceRead more

    I think that even a large number of shares will not guarantee that you will not lose money and in my opinion it only increases the risk because several companies can collapse at the same time. In my opinion, a good option would be to have 2 or 3 reliable companies, for example, Apple. In which 50 cents of your assets should be distributed. As for the rest of the companies, you should choose the ones you like the most and not buy them all in a row

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yusra
yusraTrusted Adviser
Asked: September 9, 2023In:

Is adhering to a detailed personal budget an essential practice for maintaining responsible control over income, expenses, savings, and debt, or can people effectively manage their finances without tracking every dollar?

Is adhering to a detailed personal budget an essential practice for maintaining responsible control over income, expenses, savings, and debt, or can people effectively manage their finances without tracking every dollar?

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  1. De Mogul
    De Mogul Expert Mind A student

    For me personally I think having a nice and realistic budget helps me attain the level of financial discipline and plan my life accordingly. This is because it helps me stay away from unnecessary expenses and also makes me know weather the money I have is enough for the plan I have. It also help youRead more

    For me personally I think having a nice and realistic budget helps me attain the level of financial discipline and plan my life accordingly.
    This is because it helps me stay away from unnecessary expenses and also makes me know weather the money I have is enough for the plan I have.

    It also help you to realize the of money I spend on some unnecessary things that set me back financially

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SHAHID987
SHAHID987Newcomer
Asked: May 2, 2024In:

Some people work and work they don’t give time to their families, they remain busy in business lunches and business parties. They don’t go for outing with their family members rather they go for business trips. This extreme disbalances destroyed ...Read more

Some people work and work they don’t give time to their families, they remain busy in business lunches and business parties. They don’t go for outing with their family members rather they go for business trips. This extreme disbalances destroyed mostly family life of some high powered executives. The point is whether we are small businessman or big we need to maintain balance between business and our families lest nothing will remain at hand.

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  1. Carpon
    Carpon Expert Mind Hustler

    Managing boat work and family at the same time may really be a very hectic job. There is a need for you to maintain balance between the two and that may not really come as a very easy thing to do and that is why you must sit down to analyze and understand how you will go about it. You must understanRead more

    Managing boat work and family at the same time may really be a very hectic job. There is a need for you to maintain balance between the two and that may not really come as a very easy thing to do and that is why you must sit down to analyze and understand how you will go about it.

    You must understand that none of them must be allowed to suffer because they are both very important parts of your life. So make sure that you are able to sit down and allocate time for each and every aspect of your life so that you can be able to easily strike a balance between the two.

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eldavis
eldavisEnlightened Mentor
Asked: September 21, 2023In:

As a business owner, how often do you learn new things? Personally i feel a business owner should always be prepared to learn new things like a new skills and the likes. The market is constantly changing, so one has ...Read more

As a business owner, how often do you learn new things? Personally i feel a business owner should always be prepared to learn new things like a new skills and the likes. The market is constantly changing, so one has to learn new things to be able to keep up. How often should an entrepreneur learn new things?

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  1. De Mogul
    Best Answer
    De Mogul Expert Mind A student

    It is very important lot of experience and knowledge when you are into any business because it will help you know how to coordinate and have a lot of customers. If you want to stay long in any business you are doing it is very smart and wise for you to get a lot of new ideas and new knowledge, becauRead more

    It is very important lot of experience and knowledge when you are into any business because it will help you know how to coordinate and have a lot of customers.

    If you want to stay long in any business you are doing it is very smart and wise for you to get a lot of new ideas and new knowledge, because at the end of the day that is what will keep you from closing up your business due to updated products

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