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RE: Coffee Snack and Dream

in Proof of Brain2 months ago

You need to pay off all the loans with very high interest rates. And keep only the interest-free loans (probably loans from relatives). How much money do you pay per month in interest on the loans?

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Last month I paid 50 dollar for interest, next month I have to pay around 30 because I had paid the main loan around 40%.

$30 is a lot; your chickens only bring you a third of that monthly income. If you have three or five times as many chickens, all the profits from the chickens will go toward paying interest. The first step is to try to get rid of the debt.

That is true, the first thing I should pay all the debt then I can start to invest again in Hive for trading.

I think you're more likely to succeed in street trading than in private trading. Most people lose money in private trading. Hive has been falling in price for a while now.

Try selling a new product or introduce additional items into your street vending business. Experiment and record your successes and failures in street vending.