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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Crystal
CrystalKnowledge Seeker
Asked: September 17, 2023In: Money & Business

Self employed or working under someone, which one is better?

Self employed or working under someone, which one is better? For my own sights of view, if you have ability to develop your own business, it’s good and far better than working under someone company. What’s your opinion?

Self employed or working under someone, which one is better?

For my own sights of view, if you have ability to develop your own business, it’s good and far better than working under someone company.

What’s your opinion?

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have your own timemake moneypersonal finance
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  1. Mhizta Yan
    Best Answer
    Mhizta Yan Active Contributor
    Added an answer on September 17, 2023 at 3:34 pm

    For me, I choose self employed with some reasons: I chose self employed because I will have control over my career. I will have freedom to pursue my passions and the direction of my career. Being Self-employed can also lead to my personal growth and development as I will take on challenges and learnRead more

    For me, I choose self employed with some reasons:
    I chose self employed because I will have control over my career. I will have freedom to pursue my passions and the direction of my career.

    Being Self-employed can also lead to my personal growth and development as I will take on challenges and learn new skills which will help me to run my business effectively.

    Lastly, being self employed gives me the opportunity to work from home or any location that suits me, online or offline.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 2, 2023In: Money & Business

Which of these is preferable for payment cash or credit card?

I used to hear how some people say that they lost to use credit card to carry out their daily payment and receiving of money instead of paying money physically and the reason is because the use of credit card ...Read more

I used to hear how some people say that they lost to use credit card to carry out their daily payment and receiving of money instead of paying money physically and the reason is because the use of credit card tends to be more safe and very much easier and possible for them to carry out financial payment and receiving financial assets, on the other hand people also prefer the physical payment of cash due to the fact that they are used to it. What would you guys say is the most preferable?

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money usagepersonal finance
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  1. Mich_larry
    Mich_larry Active Contributor
    Added an answer on November 27, 2025 at 3:28 pm

    Choosing between cash and a credit card depends on your spending habits, goals, and level of discipline. Cash is preferable if you want strict control over your money because once it finishes, you stop spending, making it great for budgeting and avoiding debt. It also works everywhere, even where diRead more

    Choosing between cash and a credit card depends on your spending habits, goals, and level of discipline. Cash is preferable if you want strict control over your money because once it finishes, you stop spending, making it great for budgeting and avoiding debt. It also works everywhere, even where digital payments fail. Credit cards, on the other hand, are convenient and safer for online payments, and they offer benefits like rewards, cashback, and purchase protection. However, they require discipline because overspending can lead to debt and high interest. The best option is the one that helps you stay responsible, avoid unnecessary debt, and manage money wisely.

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Light
LightTrusted Adviser
Asked: July 24, 2024In: Money & Business

Self education or conventional education system?

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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financeinvestmentpersonal finance
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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on March 11, 2026 at 5:19 am

    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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Flower
FlowerActive Contributor
Asked: August 23, 2023In: Money & Business

Are there tax efficient strategies to grow wealth?

There are diverse tax efficient ways that could help individuals grow their wealth.  One good example is contributing to your retirement account and this can provide immediate tax benefit.

There are diverse tax efficient ways that could help individuals grow their wealth.  One good example is contributing to your retirement account and this can provide immediate tax benefit.

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financeinvestmentpersonal finance
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  1. uptrendfinancialsignal
    Best Answer
    uptrendfinancialsignal Knowledge Seeker
    Added an answer on August 23, 2023 at 6:56 am

    If you engage in dividend and interest income, you can save substantial amount in tax . Investment in assets that would generate lesser dividend and interest would definitely be a way to integrate tax-efficient strategy. Bonds issued by state and local government are also exempted from taxes and thaRead more

    If you engage in dividend and interest income, you can save substantial amount in tax . Investment in assets that would generate lesser dividend and interest would definitely be a way to integrate tax-efficient strategy. Bonds issued by state and local government are also exempted from taxes and that is a very great way to generate tax-free income . Another way to  to gain a tax free strategy is to invest in education expenses because it is tax-free as well.

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Slaky12
Slaky12Knowledge Seeker
Asked: May 3, 2024In: Money & Business

Having many children, is it an investment or illegal?

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
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  1. Light
    Light Trusted Adviser
    Added an answer on June 27, 2024 at 6:51 pm

    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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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: September 15, 2023In: Money & Business

savings account Vs investment account?

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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investmentpersonal financesavings
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  1. Faith 070
    Faith 070 Newcomer
    Added an answer on February 20, 2026 at 2:50 pm

    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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Udyfortune
UdyfortuneNewcomer
Asked: April 24, 2024In: Money & Business

How to generate profit from coconut business?

My question is, how can someone generate income from coconut business, especially in rural areas. I know sometimes because boom base on location..  

My question is, how can someone generate income from coconut business, especially in rural areas.

I know sometimes because boom base on location..

 

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businessincomepersonal finance
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  1. Mosiur
    Mosiur Newcomer
    Added an answer on April 26, 2024 at 9:31 am

    There are various types of business you can do here and there. Coconut business is not a new business you can do it online or offline. Simply, you should go to a rural area to collect coconuts and after collecting, you can sell them in the market you can do it yourself or you can make others do it. Read more

    There are various types of business you can do here and there. Coconut business is not a new business you can do it online or offline. Simply, you should go to a rural area to collect coconuts and after collecting, you can sell them in the market you can do it yourself or you can make others do it.  This is an offline system for the business. You can do it online too. Firstly, you can create a Facebook page or create a YouTube channel and then make a video for the business giving a contact number or address. Then see the magic of the business how people come to you by groups to buy coconuts.

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Mfon
MfonNewcomer
Asked: September 25, 2023In: Money & Business

What makes furniture carpenter work easy ?

What makes furniture carpenter work easy ? You think furniture carpenter work is easy ? One of my friend says it’s not an easy work, I said why na, with all this working tools.!

What makes furniture carpenter work easy ?

You think furniture carpenter work is easy ?

One of my friend says it’s not an easy work, I said why na, with all this working tools.!

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furniture workmake moneypersonal finance
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  1. Abike
    Abike Newcomer
    Added an answer on February 5, 2026 at 5:25 pm

    You can make your work as a carpenter easy, by employing plenty or more workers. So they can help you do some work, which makes your work easy, faster, smooth, and less stressful. So I think that should be a helpful answer, make sure you put it to practice . There are also many other ways you can maRead more

    You can make your work as a carpenter easy, by employing plenty or more workers. So they can help you do some work, which makes your work easy, faster, smooth, and less stressful. So I think that should be a helpful answer, make sure you put it to practice . There are also many other ways you can make your job as a carpenter easy, you can start coming to work early in the morning, so that you can start early and finish early, so that you can go back and meet your family members or relatives.

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Light
LightTrusted Adviser
Asked: May 16, 2024In: Money & Business

What happens after savings and bills automation

What impact would automating your savings and bills payments have on your finance? This just seems like the way but would it stop you from going for a loan?

What impact would automating your savings and bills payments have on your finance? This just seems like the way but would it stop you from going for a loan?

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financemoneypersonal finance
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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on July 1, 2024 at 9:34 am

    Automation for savings and bills won't truly stop you from getting a loan, it is only you who will stop yourself. This is by practicing utmost discipline and controlling your desires and urges to spend when you cannot afford to. It takes so much willpower to say no to your urges but the more you doRead more

    Automation for savings and bills won’t truly stop you from getting a loan, it is only you who will stop yourself. This is by practicing utmost discipline and controlling your desires and urges to spend when you cannot afford to. It takes so much willpower to say no to your urges but the more you do it, the easier it gets.

    So as you continue automating your savings and bills, also control your spending on the side. That will help you much better than just believing that automation does it all.

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Abigael
AbigaelTrusted Adviser
Asked: September 9, 2023In: Money & Business

What are the best habits to adopt in personal finance?

In personal finance, nothing beats responsible best practices. On the flip side, bad habits such as irresponsible gambling, extravagant expenditure and high risk investment could ruin your financial stability. So what do you suggest as the best personal finance practices one ...Read more

In personal finance, nothing beats responsible best practices. On the flip side, bad habits such as irresponsible gambling, extravagant expenditure and high risk investment could ruin your financial stability.

So what do you suggest as the best personal finance practices one should adopt?

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good habitsmoneypersonal financeresponsibility
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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on September 23, 2023 at 6:39 am

    I believe one of the best habits to adopt is savings and investing. When managing your personal account, having a savings plan is extremely important, this would help you save enough money and as well having investment would help you generate extra money. Another habit we need to have is the habit oRead more

    I believe one of the best habits to adopt is savings and investing. When managing your personal account, having a savings plan is extremely important, this would help you save enough money and as well having investment would help you generate extra money. Another habit we need to have is the habit of managing. In a situation where we have much, it is good to manage, not only when we have less.

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