Josh MacDonald

Take the owner of macdonaldmarine.com (the largest freshwater marina in canada) for example, an entrepreneur who started with $0, now is worth more than this A.T Stewart.

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misc92

No idea what that is, but I have to make a comment on their site... it looks like a 90s website and the footer looks like they paid for the design, hopefully it is a site they purchased in the 90s lol /facepalm.

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eleary

You don't need money to make money. But if you want to build a business, it's good practice to keep investing in yourself and your business. So - the more money you have or make - the more money you will make!

scortillion

That is very true. If the product or service is truly designed from the start to help others, really help others, it will be a very successful and profitable business or service.

So when you are developing a new product or service think hard on how you can truly help others and you’ll have a very successful product/service on your hands.

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Emmanuel C

not necessarily. I've built a business completely word of mouth. I may pay noe (4 years later) $100 a month in advertising but I just started. word of mouth is still strong. I makea full living with that business. On the other hand, I'm building another one right now and I need some money to make it grow.

mrckc

Yes, it always takes at least a bit of money to make money.

I pity these that have started a thread writing that they are completely broke, have no job and need cash ASAP.

You get a job, and then you work full time on your job and part time on your dreams.

Peace.
/CKC

humili

Wow! I would say if you have no money or in debt, then you need to have time to do most of the work yourself but the right skills. Money is not everything but it does help to aid and speed up in the work progress as a matter of fact. It is the same question as love and money , you can't have proper love without food and shelter, no matter how passionate you are.

But again it varies for everyone!

Just my two cents!

GlobalMedia

Money is an important factor, but it is certainly not everything. It is always better to utilize it in a systematic manner so as to ripe the tree of success. But, even who don't have the adequate funds need not be discouraged, as they can also generate funds through self employment. So, it is not necessary to "have money to make money".

fcebri24

Great post. Very inspirational. Makes you wonder if you actually need money to make money. I have spent a lot of money trying to start a business, but I might have to start something with no money to see how it goes.

scortillion

Everyone begins with a dream, from there you need to develop a burning desire to achieve that dream, and then setup a plan on how to achieve the dream. Along the way you’ll need to learn a great deal but by setting up short term goals you’ll keep your motivation high.

Joining a group like this will also help a great deal in keeping you motivated and on track. What you need is the desire, knowledge and action to achieve your dreams.

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Alfredo Carrion

Technically 63c is still money. I think it's more about not losing sight of your goals, and persevering. You need to make the right decisions as well and learn from mistakes.

SPC

I also think there exceptions in every case.. For the most part, yes you need money in order to make money..

SPC

Totally agree! No matter what business it is, in order for it to take off and in order for it to grow you need capital! Usually, it is a lot more money then you initally thought it would be. A few exceptions don't change the whole dynamics of starting a business. Obviously the web has made it easier to enter into a market and compete but that doesn't mean there wont be any costs

BenoitT

When you receive a free report, do you really give it much attention?

Human nature is very predictible. If you don't put any money on the line, you don't have the commitment to act. It is not only a matter of doing it free. It is a matter of kicking yourself in the butt and getting the job done.

Benoit Tremblay

jonathan8

Definitely NO.

its inspiration and passion towards your goal. Here is a blog post that has a good article via Simon Sink's book. How leaders get inspiration

Its all about your "Why." Why you do what you do. Then after you are clear about your "Why," comes what you do and how you do it.

This is one of the best lessons you can learn to maximize your chances for success. It's simple. If you ask people, they will tell you why their business failed, and in most cases they blame the market, capital and time.

The real reason is that they are not clear about why they do what they DO. Money is an asset. If you don't have it, you have to work on creating other asset as alternatives like your prospect's list, your massive value and the trust you share with them.

You will find that soon you will start to become popular and people will start to come to your website and won't need to spend a trillion dollar on advertising.

Just enjoy what you do, and do what you love

SPC

Very true. But so many times when you start a business you focus on the money part.. People expect money for all their hard work and they are not focusing on just building a better business. It's how can I get money quick!

Alan Chin The Sniper

I only agree on something, it doesn't matter you pay or not paying money to make money, where the only thing you must have is :

HARD WORK AND DETERMINATION

This is the only booster that can drive even further.

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paulie888

I couldn't agree more. When you hear people wishing about how they could make it in a business if they only had enough money to invest, those people are typically dreamers instead of enablers/doers.

Without the vision, focus and burning desire burning within them, the dreamers won't be able to realize their dreams even if they had millions of dollars at their disposal. Many people who've never run a business before tend to think that money will solve all their issues and magically make them successful, but without the experience, expertise and drive to make it work, they'll find themselves quitting sooner rather than later. Money is just a crutch and an excuse here, it does not replace any of the traits and qualities that are needed to become successful in business.

This is why you should never minimize or regret not having enough money during the start-up phase of a business, because this is where you learn the most and acquire invaluable experience and skills that will serve you well when you start becoming successful, and have to know how to invest/handle the money appropriately within your business!

GuidoB

You can start from any position to make money. But if you have something to invest, it might makes it easier!

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StudioArtha

Great post James. Thanks for the inspiration.

Curiously, it is the really down and out experiences in life that grant us the most motivation. You remember those times in college (at least i do) when you could only afford rice. Well, ok, rice and beer.

And you can stand on the motivation you find out of those experiences, and use it to drive you to the top. The stories of someone taking the last $1000 they have and parlaying that into millions are common. Obviously, it is not the money made that happen. It is the indomitable will to succeed that does it.

"Think and act", goes the saying. Chart you course, set your will power and act.

xxdksxx

I believe money can only increase your chances of success but not by much in my opinion. I think that if you do it will no money it will prove to help you further in the future. Think of it this way if you were given everything your entire life how would that effect you? Think of it if you had to work for everything you had your entire life. What are the differences between the two?

scortillion

Ah the days of living on “broke food” – foods that you can only afford when you’re broke, spam, hot dogs, macaroni and cheese, peanut butter and jelly…

But moments like this can inspire some to greatness, or send then into the depths of depression and poverty.

What’s the difference? Is it intelligence? Society? Environment? I personally believe it’s the outlook you take and what you choose to focus on. I’m not saying it’s easy, but it needs to be done; you need to focus on the positive, the success, the goal and turn away from the negative and the down side.

I personally know this is not easy. My dog Taz, who is like a kid to me, has been sick lately and although he’s getting better I can feel the hand of depression grabbing hold whenever I focus on what he when through. It’s not until I turn my attention towards the positive and the fact he’s much better that that grip on me is released.

The same is true with success and even starting a business. You need the idea, the motivation and then the implantation of the business. Online you can do most of that with no money.

But to build that business you need to reinvest the money you earn to grow it. The real lesson here is that you do NOT need money to get started, but you DO need money to grow it. But it is through your actions and your positive focus that you succeed. If you fail to learn and keep the focus on the correct path you will fail, no matter how much money you have.

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xtx361

yes, i believe money attracts money and if have money on hand to invest in good tools, it can start giving your quick good return.

shireen

Hi:

Shireen here :-)

I used to believe "it takes money to make money".. but now no more.

I know how to generate full time income using my knowledge :-)

adamsad

Travis Sago's success is conditional. He is native English speaker.
What if his writing is at my level. I don't think he can make it big without outsourcing.

scortillion

One possibility is to make an agreement with someone to rewrite your work in English and split the rights to the book, or agree to give them a higher commission on all sales they make.

I'm sure with two versions of the same ebook or article out there with both of you having rights to both articles would work to each other's benifits.

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adamsad

Good idea but I won't have unique content. But great idea for ebook. No worries about unique content for ebook.

I need to adapting business mindset. In business, lack of fund and knowledge are the problem waiting to be solve. Am i?

scortillion

Here is a little info from "Mentored by a Millionaire" by Steven K. Scott...

Five Facts You Need to Know about Your Lack of Know-How

There is only one kind of person who is permanently locked out of moving up into the category of superachievers, and that is a know-it-all. Know-it-alls don’t really know it all, they just think, talk, and act like they do.

And if there is one fact in life, it is that no one can achieve extraordinary success in any area without recruiting outside resources.

1. We don’t have to be geniuses to achieve extraordinary outcomes and impossible dreams.

   Thomas Edison, “True genius is 1 percent inspiration and 99 percent perspiration.”

2. We all know a little, and don’t know a lot.

   I have produced award-winning productions because I have partnered with a great producer who recruits crews that include many of the most talented and highly skilled craftspeople in Hollywood.

3. We all have a few skills, and don’t have most skills.

   The great news is, every skill we would ever need to achieve any of our dreams is possessed by someone else, and therefore can become available to us.

4. We don’t even have to know how to do those things that are critical to the success of a project or the fulfillment of a dream.

   Nearly everyone I have ever known has mistakenly thought that if they want to achieve something they must at least know how to do those things that are critical to the success of the project or endeavor.
   
   Never turn your back on a project, opportunity, or dream simply because you do not know how to perform the elements necessary to succeed in the project, seize the opportunity, or achieve the dream.

5. We have a few natural talents and abilities, and don’t have most.

   Your lack of talent and abilities need never prevent you from achieving your impossible dreams.

Again this is from Steven K. Scott's book "Mentored by a Millionaire" very good read if you have time!

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azncute0228

Wow! This was great. I hope I could read that book. Thanks for this tip scortillion. It inspires me a lot.

scortillion

The book is actually based on his audio course which is much better. You can find it on his website or used on ebay... well worth the money with tons of information.

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magnates

No , you do not need any money to make money . Ofcourse , you can grow your money and help your money earn more money but it is not necessary .You just need to be willing to do some work . Take a job for example , did you spend money to make money in a job or did you work to earn the cash

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happyme

For those who say or think that. I would like to show them the history of a person.
Dirubhai Ambani. Please guys give it a read. His life has the answers.

GeorgR.

I do not agree by a long shot.

Its the geniuses, entrepreneurs and true warriors who know how to MAKE money, if needed from nothing. This is actually the key, the driving factor to success in IM.

Today, someone could sit down and start coding and designing a site, based on an idea or a vision. Hardly anything really costs anything. The same person could wake up 2 years later, being a multi-millionaire.

The big names of today, Zuckerberg, Gates, Godin, Google founders, Apple etc... and all the super affiliates...ask them how they became what they are today?

They wont tell you "yes i was able to do all this because i had a lot of money". In fact, most of them were poor average nerds with a VISION and MOTIVATION.

Zach Crawley

Disagree,

I made 5 cb sales and didn't spend a single dime. Sure, it helps to have money starting off, but it's not something you need to make it happen.

adamsad

wow...how u do it??
hubpages????

donhx

You need assets to succeed. One of the best, the one that gives you staying power, is cash.

Another great asset is knowledge. You can get "sweat equity" with it. It is a kind of capital.

If you do not have cash or knowledge, get one or the other before you start anything.

Those great old stories scortillion mentions are part of the mythology from the 19th and early 20th century. But for every one mentioned who succeed on "luck and pluck" alone, tens of thousands failed in misery. The Library of Congress Archives are a great place to learn about the masses that failed.

Persistence is not enough. Success does take "luck and pluck" but also knowledge and cash.

Book Publishing Mentor, author of How to Write, Publish & Sell 'How-To' Books - A Guide to Transforming Your Existing Knowledge Into a Successful Information Product

athanne

I support the fact many people have inherited a lot of wealth and ended up in poverty

edricwage

It still depends on the person, if he really want to succeed then no one can hinder him from reaching those goal..even money!

adamsad

3 asset needed in business as far as I am concern.

1. Cash
2. Knowledge
3. The Right Attitude - which is I think should rank first

I enjoy talking to you guys. Some of you might generated more than enough money for yourself.

For the past 5 years, attitude is something I never develop. Only recently I realize how important attitude toward success. I need to start believing I can succeed and make me doing all the work.

Tallguy83

Money can help accelerate the process of making money if you have a good plan.
Without a good plan,I suspect that you can easily lose that money.I hope that make sense.(It sounds so convicing in my head)

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Vincent1988

I don't agree too, but without money it's far impossible to make money. But Nothing is impossible

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scortillion

Mythology sir? We know better. You can read many books that tell the life story of men and women who succeed with hard work and smart reinvestment of their money. The people, who wish you to believe that it is impossible for the average person to succeed on their own, with hard work, or those wishing to call it just luck, are those that wish to promote socialism and dependency on the state.

You, the person control whether or not you succeed. Granted life may through hard knocks your way, but it’s up to you to overcome them. Sure many people failed, but these people also failed to learn what they needed to succeed.

You cannot decide to program a computer game without first learning how to program. Then you need to learn what people are interested in playing. If for example you learn how to program and then write a game about watching paint dry, then no one is going to buy it.

You need to learn to succeed and then reinvest what you earn. You don’t need money to get started, but you do need to reinvest the money you earn wisely to become wealthy.

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celente

warrior special offers forum is a classic example of this.

SO it does take money to make money.

I know a guy in here, making about $500 a day just off those big banner ads you see up the top.

Yes they cost a bit, but the money he is making off this far outweighs the money he is outlaying.

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JRCarson

The reason I love IM so much is that there is NO need to rely on money to make money.

You have to trade your time, yes. But anyone can make a real good living with dedication and the right mind set alone.

g36

Not exactly true. You can use free blogspot for example.

:)

Naeem Sikandar

All the great men in history believed on the statement "Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal".

And I will prove this too that you can make money online without spending even a single cent and at the same time providing an awsume value to the community.

Thanks for such An encouraging Post

Naeem Sikandar

crayzrocker

I think it takes an average amount of money to make lots of money, and it takes a small amount of money to make an average amount. And, it takes no money to make a small amount of money.

Nick Walker

In the outer-internet world this statement is very true. the more you invest the more you earn, take a shop for an example, to build a little one which profits lower then the large one which can profit huge amount of money, costs less. however the situation in the internet marketing is different, you only require extreme minimum on your paypal account.

JosephCale

I totally agree. One needs a clear detailed vision, a plan and determination to achieve the desired goals.

Unfortunately many are those who get discouraged as they do believe that one needs money to make money.

However your post said it all. Thanks

Joseph Cale
Cale Mindset

scortillion

I like it! Can't wait to see what you do! Keep us posted.

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