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deucher
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Asked: 2024-04-20T19:48:47+00:00 In:

How to deal with the problem of having knowledge but no funds?

I had exactly the same problem at the beginning of my investment activity, because in a short period I learned the basic material, but I did not have the funds to try everything in practice. I didn’t want to borrow money because I understood all the risks very well and I didn’t want to put myself in a difficult financial situation so I just had to work at my job and because of that I missed a lot of good opportunities

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3 Answers

  1. Mika
    Best Answer
    Expert Mind

    Borrowing is not bad at all. If you can borrow from friends and family and do not have to give interest but just the principal amount, this is a good option for people with idea but no funds. Borrowing money wher eyou need to pay interest can be risky but it can also help you get started. CrowdfundiRead more

    Borrowing is not bad at all. If you can borrow from friends and family and do not have to give interest but just the principal amount, this is a good option for people with idea but no funds. Borrowing money wher eyou need to pay interest can be risky but it can also help you get started. Crowdfunding is one of the best ways to build funds for your business. You can use online crowdfunding platforms

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  3. Augusta
    Enlightened Mentor

    A lot of people are having this same problem. You would acquire the skills snd knowledge but you don't have the funds. You don't have to just sit around you have to start from somewhere. You can start working to make money where you can start saving. You can look out for angel investors and tell theRead more

    A lot of people are having this same problem. You would acquire the skills snd knowledge but you don’t have the funds. You don’t have to just sit around you have to start from somewhere. You can start working to make money where you can start saving. You can look out for angel investors and tell them.your business ideas to invest. You can meet friends and family and let them know about your plans.

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  4. Augusta
    Enlightened Mentor

    If you have the basic knowledge without having the funds to implement it then you should share the idea with good investors that would not steal it to invest. This is what happens to sclot of people they might have the ideas very brilliant idea to start a business but don't have the funds to kick stRead more

    If you have the basic knowledge without having the funds to implement it then you should share the idea with good investors that would not steal it to invest.

    This is what happens to sclot of people they might have the ideas very brilliant idea to start a business but don’t have the funds to kick start it.you can even try to get the funding from good family and friends

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