It Takes Money to Make Money? Do YOU Agree?

Profile picture of the author scortillion by
Many people say it takes money to make money and if you don’t have it you cannot succeed. Do you agree? I do not!

I read a great deal and I’ve seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don’t waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn’t true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. 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.

James Darren Davis
#personal development #agree #goals #make #money #success #takes #wealth

  • Profile picture of the author chrisbiz
    Great post.

    Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

    Its hard work, commitment and perseverance that will make you one, and also,
    BE RESOURCEFUL!!!

    We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

    Again, it only takes YOU to be successful, to make money, not money to make money.

    Regards.
    Chris
  • Profile picture of the author Raja Kamil
    I agree with you, but to accomplish something you need to sacrifice the others.

    One may trade money with his time.
    Or other, they trade the ego (making debt is not prestigious at all)

    Nice post by the way.
  • Profile picture of the author alcymart
    I would say it takes money but little if any of it if one uses his smarts. That's my own experience online, started with nothing, joined Clickbank for free, started promoting some hops and took me a year learning/promoting before I finally made $4.21 for a lone sale at Clickbank.

    I reinvested the $4 back and pitched in much more to get a hosting provider which were expensive at the time for my first web site which took me almost a full year to build up 7 or 8 pages worth. So It took no money to get first sale but if I wanted to reach my next short term goal, I had to invest for hosting, then it wasn't until eBay popped up before I started earning a good income.
  • Profile picture of the author RaptorGabe
    AWESOME post , I like the outa the box thinking! And I am a very firm believer that you can start with nothing and end with everything. However, that being said on the route to everything you may have to flip a few burgers first . Maybe thats just me though....
  • Profile picture of the author Jurrie
    i'm a firm believer of doing it yourself without a huge amount of money to start with.
    Remember back in the days , the big names also started with nothing.
    Don't get overwhelmed with offers, do your own thing, and as the op mentioned : read, learn, fall down, stand up again , learn , read

    if you have the motivation to succeed , you will succeed , if you think your project is doomed , then don't even start , that is the wrong mindset !

    Good luck to all of the starters here !

    Jurrie
  • Profile picture of the author scortillion
    Originally Posted by chrisbiz View Post

    Great post.

    Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

    Its hard work, commitment and perseverance that will make you one, and also,
    BE RESOURCEFUL!!!

    We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

    Again, it only takes YOU to be successful, to make money, not money to make money.

    Regards.
    Chris
    Having some money helps, but you can earn that on a job while you build your foundation for you empire. I agree with you the YOU is the most important part to becoming successful.

    Thanks for the commenting
  • Profile picture of the author scortillion
    Originally Posted by alcymart View Post

    I would say it takes money but little if any of it if one uses his smarts. That's my own experience online, started with nothing, joined Clickbank for free, started promoting some hops and took me a year learning/promoting before I finally made $4.21 for a lone sale at Clickbank.

    I reinvested the $4 back and pitched in much more to get a hosting provider which were expensive at the time for my first web site which took me almost a full year to build up 7 or 8 pages worth. So It took no money to get first sale but if I wanted to reach my next short term goal, I had to invest for hosting, then it wasn't until eBay popped up before I started earning a good income.
    I agree that you need money to put back into your business and that can be earned from a job while you develop your future business. That is something I’m currently doing, it helps that I my “day job” is in the IT field so I what I do reinforces my online venture.

    But that’s all part of the process, doing what you have to, to build your business and become successful.

    Thanks for sharing and glad to hear you’re doing good online now.
  • Profile picture of the author scortillion
    Originally Posted by Raja Kamil View Post

    I agree with you, but to accomplish something you need to sacrifice the others.

    One may trade money with his time.
    Or other, they trade the ego (making debt is not prestigious at all)

    Nice post by the way.
    You are so correct! Time is one of the key factors. In the beginning you have to invest the time to make the money. After you make the money then you can trade the money for someone else's time and make even more money.

    Enjoyed your comment.
  • Profile picture of the author scortillion
    Originally Posted by RaptorGabe View Post

    AWESOME post , I like the outa the box thinking! And I am a very firm believer that you can start with nothing and end with everything. However, that being said on the route to everything you may have to flip a few burgers first . Maybe thats just me though....
    I started by flipping burgers a long time ago, have been in the military, got an education, work in the IT field and now I’m going to become a millionaire and become totally free and do what I want!
  • Profile picture of the author scortillion
    Originally Posted by Reallyranting View Post

    i'm a firm believer of doing it yourself without a huge amount of money to start with.
    Remember back in the days , the big names also started with nothing.
    Don't get overwhelmed with offers, do your own thing, and as the op mentioned : read, learn, fall down, stand up again , learn , read

    if you have the motivation to succeed , you will succeed , if you think your project is doomed , then don't even start , that is the wrong mindset !

    Good luck to all of the starters here !

    Jurrie
    Motivation is the key; if you don’t have that you aren’t going anyplace. That’s what I believe.. Thanks for commenting enjoyed your point of view.
  • Profile picture of the author Michael Ten
    it helps, but probably is not mandatory
  • Profile picture of the author Tenshi
    The only way to beat fire is to use fire.

    Why not the same concept go for money.
  • Profile picture of the author entrepreneurjay
    Great post and I agree 100% I ran into a guy the other day who said you need money to make money. That is just an easy way of justifying a persons failures.
  • Profile picture of the author scortillion
    Originally Posted by entrepreneurjay View Post

    Great post and I agree 100% I ran into a guy the other day who said you need money to make money. That is just an easy way of justifying a persons failures.
    I agree, it gives people the excuse not to try or take the chance. If you accepted the fact that you didn’t need money to make it then you would either have to believe that it’s your fault you’re not making money or find another excuse to use instead.
  • Profile picture of the author Duy Nguyen
    I agree with you Scortillion

    We have 2 things in common: our brain, and 24 hours a day.

    In fact, people use them in different ways. Most of them trade their time for money without using their brain to "think". Others use their brain to create their outer wealthy world. They make money from "air", and people just say "boy, you are just lucky" LOL!
  • Profile picture of the author paulie888
    I firmly believe that it is entirely possible to become very wealthy starting with practically nothing.

    It all boils down to mindset. If you tell yourself you can begin making money starting with no money at all, you can and you probably will. If you tell yourself you can't, you're probably right as well.

    If you want something badly enough, having no money will not be a permanent obstacle to your success. You will find some way around, under or over this initial obstacle if your desire and belief is strong enough.

    It's sad that so many people these days throw around the phrase that "you cannot make money without having some money first" like it's the truth. While I don't deny that it will probably make things easier and faster, it won't stop the determined person from finding a way to get started without a single dime.

    Paul
  • Profile picture of the author Grazina Ajana Szewczyk
    It sure helps if you have money. If you can afford good software and outsourcing instead of using trial versions and open source, and doing everything from installing shopping carts to writing articles, it makes it easier.

    Not to mention that the results are probably better, unless you're a genius with 24/7 free time
  • Profile picture of the author cyberdenizen
    Originally Posted by paulie888 View Post

    I firmly believe that it is entirely possible to become very wealthy starting with practically nothing.

    It all boils down to mindset. If you tell yourself you can begin making money starting with no money at all, you can and you probably will. If you tell yourself you can't, you're probably right as well.
    Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

    Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

    So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!
  • Profile picture of the author Grazina Ajana Szewczyk
    Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

    Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

    So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!
    that's exactly what I need right now, thanks, Diane
    knowing that other people succeed no matter where they start is very motivating when it get's a bit tough
  • Profile picture of the author alcymart
    Originally Posted by scortillion View Post

    I agree that you need money to put back into your business and that can be earned from a job while you develop your future business. That is something I’m currently doing, it helps that I my “day job” is in the IT field so I what I do reinforces my online venture.

    But that’s all part of the process, doing what you have to, to build your business and become successful.

    Thanks for sharing and glad to hear you’re doing good online now.

    I wasn't always doing good, don't get me wrong. Even nowadays there are some good months and the not so good ones. There's always another hill to climb. I am much happier now than I was back then even though my earnings have dropped considerably.

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