It Takes Money to Make Money? Do YOU Agree?

by 975 comments
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 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 ashleysmith
      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
      precisely correct! its in your will to do the hardwork to be successful and resourceful in every endeavor without money, but it can help in any ways.
  • 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 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 gie grace
      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.
      Hear2x!!

      You don't necessarily need to have money to get money. You can use your skills, your ideas and your creativity, learn how to market them, and earn money.

      But money is DEFINITELY one way of leveraging things!

      From an Internet marketers perspective, you need to outsource certain tasks (you need money for this) in order to free up time for you to focus on other important things.

      Now if you're just starting, and you don't have enough sPare money to invest in softwares and outsourcing, you CAN do things yourself. But it will take time. After all, you're only one person and you only have 24 hours in a day (minus sleeping, eating and other daily activities). But it is one way of learning the ropes in Internet marketing.

      So in the IM world, although it doesn't take money to have money, you'll have money faster by investing money!

      Cheers,

      Gie
    • Profile picture of the author copystud
      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.
      This is true for sure. Short of winning the lottery: you either need to spend money or time. "Time is money" as the age-old quote goes. So really even if you aren't spending physical cash, you're still spending, cause you could be working at a minimum wage job during the time you are building an empire and making cash.

      I'm all for being an entrepreneur though; just offering a different perspective.
  • 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 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 Iím currently doing, it helps that I my ďday jobĒ is in the IT field so I what I do reinforces my online venture.

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

      Thanks for sharing and glad to hear youíre doing good online now.
    • Profile picture of the author MIRENGE
      Sometimes yes because you need to invest and sacrifice some money for you to be successful.
    • Profile picture of the author momfriend
      Hey, I would like to know, I hear people saying they get paid nicely every week from clickbank affiliate... How is that? I still can't find the answer.
      I have a click bank account. promoted on a junk website and NO $$$$
      anyone why please ?????
  • 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 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 Iím going to become a millionaire and become totally free and do what I want!
  • 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 Greg guitar
      Originally Posted by Tenshi View Post

      The only way to beat fire is to use fire.

      Why not the same concept go for money.

      I have heard that on the cutting edge of the field of fire-fighting the mavericks are using an obscure liquid known as H2O, with promising results, so who knows, they might stop fighting fires by lighting new ones soon.

      On the cutting edge of the field of going from dead broke to running a profitable business, is a new concept known as "offering your skills and time in exchange for some start-up dough".
  • 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 didnít need money to make it then you would either have to believe that itís your fault youíre not making money or find another excuse to use instead.
  • 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 Sweely99
    You don't need money in order to be making money. I'm 18 years old, for gods sake.

    I started out with article writing. When I had enough money to pay for hosting and a domain -- I did. I also learned SEO and affiliate marketing.

    As of today, I'm one hell of a successful guy.
    • Profile picture of the author It Should Be Easy
      You have to invest something, whether it is your time or money does not matter that much. If you canīt afford to spend 1 dollar then you just have to work to get the money you need to get started - becuase you will need money somewhere down the line.

      Time is money and money is time. To try to differs them in terms of investing is simply wrong.
  • Profile picture of the author ryanbiddulph
    On the money post here.

    Money is of the mind. You don't need anything outside of your mind to create the life of your dreams. And when you become attached to any one thing outside of yourself to make money - whether it's money, a person, or certain circumstances - you will be bound to the attachment and ignore the power of your mind, which is where all things are created.

    RB
  • Profile picture of the author Lazy
    I would say it takes money to make big money,

    But there are TONS of ways to get little bits of cash to trickle in for free.

    Time, on the other hand, is required.

    The more money you spend, the less time you have to work, basically.
    • Profile picture of the author chrisbiz
      Originally Posted by Lazy View Post

      I would say it takes money to make big money,

      But there are TONS of ways to get little bits of cash to trickle in for free.

      Time, on the other hand, is required.

      The more money you spend, the less time you have to work, basically.
      AND...

      the MORE TIME you work + the MORE MONEY to spend
      =the MOST MONEY to earn

      Regards.
      Chris
    • Profile picture of the author gearmex
      Originally Posted by Lazy View Post

      I would say it takes money to make big money,

      But there are TONS of ways to get little bits of cash to trickle in for free.

      Time, on the other hand, is required.

      The more money you spend, the less time you have to work, basically.
      And its harder to make big money these days as so many people copy your ideas immediately when you come up with something new and if you don't have money to push it up, someone who has more money, will take your idea and pull it up to the market, Sad reality as it is.
  • Profile picture of the author HaydenR
    I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.
    • Profile picture of the author scortillion
      Originally Posted by HaydenR View Post

      I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.
      Good way of looking at it! But I have seen people that get their hands on a sum of money and it's gone by the end of the month if not sooner. So it may be easier, but I still believe the person themselves are total responsible.

      But I do like your point!
    • Profile picture of the author fonoi
      Originally Posted by HaydenR View Post

      I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.
      Another way to look at it may be, the more money you have the fewer reasons you have to suceed. I know many a wanna be IM that threw a few k at the "business" and failed.
  • Profile picture of the author Tony Tikos
    Very inspiring article. Sometimes i feel like I need to have money to make it big, and it frustrates me. But this opened my eyes, if you can believe it, you can achieve it
  • Profile picture of the author shazyaar
    I agree with you.
  • Profile picture of the author Professional20
    I believe it does NOT take money to START making money.
    It does take money to make REAL money...if you know what I mean
    • Profile picture of the author The Niche Man
      Great thought provoking post:

      But today it takes money and creative ideas to make money in my opinion. I discovered these two facts:

      1. The More Creative The Idea ... The Less Money You Need To Succeed.

      - or -

      2. The Less Creative The Idea ... The More Money You Need To Succeed.

      You don't necessarily need gobs of money to get started, but you need it to keep going and to raise you to the next level. The only other thing that can do this is creative ideas.
  • Profile picture of the author JagSEO
    It takes dedication to make money and that's the only thing you have to focus on.
  • Profile picture of the author HaydenR
    Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.
    • Profile picture of the author scortillion
      Originally Posted by HaydenR View Post

      Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.
      As you just said it doesn't take money to make money because "people slogged it out in the beginning". You have to work hard to make the money in the beginning then you invest what you earn, but that is all part of making money.

      If you don't reinvest what you earn then no one would ever make a great deal of money.

      But to start you donít ďneedĒ money to make it. What you do need it the knowledge how to make what you earn grow and the motivation and mind set to succeed.

      I agree with what you say, in the begining you have to work hard at it, but as you reinvest what you earn it does come easier.
    • Profile picture of the author Nereah
      Originally Posted by HaydenR View Post

      Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.
      I agree with you absolutely!
  • Profile picture of the author SonnyAmaama
    I think with the world and how it is today, it would be alot easer to make money without any money. I think back in the days you could still make money but it was more difficult. But you can also look at it in terms of what you are trying to do to make money.
    If you were dealing drugs then I feel that would be easier to make money without an upfront cost. But if you where in something like pouring concrete then you may be required an upfront cost.

    I would answer this questions as a yes and no because you would need to take in consideration internal and external facts plus the time and situation your talking about.

    But I have made money with no upfront cost.
  • Profile picture of the author lesliequ0
    if you have money it is easier to make more money.

    if you are broke than you have two options:

    have some luck

    be smart and work hard until you success
    • Profile picture of the author RWBiggs
      Originally Posted by lesliequ0 View Post

      if you have money it is easier to make more money.

      if you are broke than you have two options:

      have some luck

      be smart and work hard until you success
      Actually, there are more ways:

      You can use someone else's money. Not necessarily a debt.

      Partner with someone else who has money.

      Partner with several people, some of whom have money.

      These are a few that I can think of right now, I'm sure there's more...
  • Profile picture of the author MeelisM
    Basically it takes money to make money. You don't need a whole lot to get started.
    Perhaps you start off with free ways online - article marketing, blogs etc. Soon you will make some money - maybe just a little.

    Let's say you made your first sale - $27. You invest the $27 back into a hosting and domain name or somehow else. There's already $27 in your business and if you do it the right way it will make a lot more. Perhaps you get your page to $10 a day. Soon you can invest in new websites. You'll invest the money you've made into another site, which makes $5 a day. That's a bigger income already. You go on investing the made money into new sites until you have 10 of these up, some making $5, some $15, most $10 a day. You sell one of your sites on flippa for $300. You invest that money into new sites or promotion, maybe PPC. You soon have a full time income.

    As my example shows you don't need money to make money at first, but basically to make bigger numbers you need money. Money attracts money.
    • Profile picture of the author naruq
      I don't agree! I started my business career in poverty growing up in a housing project. You can create Wealth by Developing Your Consciousness and taking action implementing ideas.
    • Profile picture of the author magman01
      Whoa, whoa, whoa. Stop.

      Cash. Greenback. Federal Reserve Notes. Credits in a computer system.

      All these things do is reflect value. Value is the key.

      I pay greenbacks to mow my lawn. Dollar bills only reflect value of exchange. And greenbacks only reflect the value I am willing to exchange.

      Money is an illusion ... this illusion only exists by our mutual agreement to its value. If you offered me bones as evidence of value, that value only exists because we agree it exists because as a society we have mutually agreed that bones represent value.

      I cannot eat or drink bones nor more than I can eat or drink dollar bills. Bones represent value, nothing more.

      It's the value we attribute to the bones that makes a difference, and that value is tied to a rate of exchange. If you and I agree that bones equate to certain value, then we have an exchange.

      When we exchange dollars for services, it's based on an unspoken agreement of value.

      Ultimately, value, whether measured in bones or dollars, is an agreement. As a lawyer, I have grown to realize that value can take many forms, depending on the agreement of the parties. The more flexible we are in identifying value, the more easily our society operates.

      As marketers, we deal in exchanging dollars for value. When I buy something, I typically exchange the most readily acceptable form of exchange of value which is dollars. But I also bargain beyond that. Because in the exchange, I create value.

      It is the creative exchange of desired goods that creates value. If you are hungry, but unwilling or unable to satisfy that hunger based upon your resources at the time, and I am able to satisfy your hunger, we have created a market.

      I may have the knowledge and experience necessary to supply you with food if you are hungry. Depending upon your ability to satiate your hunger, you value my ability to satisfy that need. If I have the knowledge and experience to produce a good or service that will satisfy your hunger, and you do not, then a market has been created.

      Consider this. If I am your only source of food, and you cannot satisfy your hunger needs by yourself, then you are faced with the proposition that either you persuade me (who has the ability of satiating your hunger with my provision skills) to give you some of my production for free, or to provide me with what I desire for less than the cost of providing what I desire without your help.

      It's not that it takes money to make money. Rather, it takes the ability to provide value in exchange for value.

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