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Unread 8th January 2011, 05:55 PM   #1
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Lightbulb It Takes Money to Make Money? Do YOU Agree?

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


Last edited on 18th January 2011 at 01:59 PM. Reason: sig req
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Unread 8th January 2011, 06:06 PM   #2
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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

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Unread 8th January 2011, 06:09 PM   #3
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.
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Unread 8th January 2011, 06:09 PM   #4
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 8th January 2011, 06:10 PM   #5
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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....

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Unread 8th January 2011, 06:11 PM   #6
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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
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Unread 8th January 2011, 06:22 PM   #7
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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

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Unread 8th January 2011, 06:26 PM   #8
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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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.

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Unread 8th January 2011, 06:28 PM   #9
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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.

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Unread 8th January 2011, 06:32 PM   #10
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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!

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Unread 8th January 2011, 06:35 PM   #11
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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 donít have that you arenít going anyplace. Thatís what I believe.. Thanks for commenting enjoyed your point of view.

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Unread 8th January 2011, 06:37 PM   #12
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Default Re: It Takes Money to Make Money? Do YOU Agree?

it helps, but probably is not mandatory

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Unread 8th January 2011, 10:01 PM   #13
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Default Re: It Takes Money to Make Money? Do YOU Agree?

The only way to beat fire is to use fire.

Why not the same concept go for money.
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Unread 8th January 2011, 10:07 PM   #14
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 8th January 2011, 10:31 PM   #15
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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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.

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Unread 9th January 2011, 12:48 AM   #16
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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!
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Unread 9th January 2011, 01:39 AM   #17
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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

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Unread 9th January 2011, 01:55 AM   #18
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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
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Unread 9th January 2011, 02:10 AM   #19
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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!

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Unread 9th January 2011, 02:29 AM   #20
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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
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Unread 9th January 2011, 02:48 AM   #21
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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 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.

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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Unread 9th January 2011, 04:53 AM   #22
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.
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Unread 9th January 2011, 05:01 AM   #23
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.
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Unread 9th January 2011, 05:56 AM   #24
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Default Re: It Takes Money to Make Money? Do YOU Agree?

While it's very true you need marketing and such to make money, you don't need to have tons of money to begin with. Article writing got me money to pay bills and then eventually invest in marketing training so I could go way beyond that. Plenty of brick-and-mortar business owners entered this country with literally nothing and went on to make massive profits.

Sometimes having a lot of money in hand can zap your creativity and willingness to work hard to create a viable business.

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Unread 9th January 2011, 09:45 AM   #25
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 9th January 2011, 09:53 AM   #26
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 9th January 2011, 10:11 AM   #27
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
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

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Unread 28th February 2011, 05:31 AM   #28
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Default Re: It Takes Money to Make Money? Do YOU Agree?

A very dynamic and inspiring article )
I also beleive that everything you need in your life - is your mind+actions. Whatever you're going to make.

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Unread 28th February 2011, 07:19 AM   #29
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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Originally Posted by scortillion View Post
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.
It's easy for people to rationalize it this way, and it gives them an easy way out of doing anything that will truly change their lives - if you don't elevate your thinking beyond that of an average wage worker (the majority of who subscribe to the adage that it takes money to make money), then you'll remain at that level for the rest of your life.

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Unread 28th February 2011, 07:56 AM   #30
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 28th February 2011, 08:33 AM   #31
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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!

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Unread 28th February 2011, 08:34 AM   #32
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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
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Unread 28th February 2011, 08:44 AM   #33
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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Originally Posted by scortillion View Post
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!
I think this is born of the job mindset, which somehow presumes that one must spend all the money they get on payday quickly. This habit seems to be ingrained in many of us from social and cultural conditioning, and it is a hard one to get rid of.

If we get rid of this job mindset where we're working for someone else, I truly believe that a world of abundance awaits - but only if we change our attitude to reflect that. We are now entrepreneurs in charge of our destiny, and true entrepreneurs do not need everything to be 'perfect' before they start taking inspired action!

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Unread 28th February 2011, 08:48 AM   #34
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Default Re: It Takes Money to Make Money? Do YOU Agree?

It takes either time or money to make money.

But money is easier. Because you can leverage others.
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Unread 28th February 2011, 09:31 AM   #35
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Well, it takes some money to make money.

The bottom line is this. If you are trying to start a business you need a little money and a good mind. All you need to get started is a web host account, auto responder, and domain name.

A web hosting account with Host Gator is about 59.00 every six months. An account with Aweber is around 19.00 a month or 179.00 a year. Lastly, domain names are dirt cheap.

You will need two domain names. Use one for the blog and one for your squeeze page. The balance of the tools you can use for free. I’m talking about HTML editor etc.

Build a squeeze page a drive traffic to it, and build a list.

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Unread 28th February 2011, 03:21 PM   #36
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Default Re: It Takes Money to Make Money? Do YOU Agree?

I agree with you.
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Unread 28th February 2011, 03:24 PM   #37
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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
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Unread 28th February 2011, 04:56 PM   #38
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

Niche-tip-of-the-Day: ... "Notice, Even Saturated Markets Make Room For a Strong Niche Product or Service". - Primm
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Unread 28th February 2011, 05:49 PM   #39
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Default Re: It Takes Money to Make Money? Do YOU Agree?

It takes dedication to make money and that's the only thing you have to focus on.
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Unread 28th February 2011, 05:58 PM   #40
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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Originally Posted by paulie888 View Post
I think this is born of the job mindset, which somehow presumes that one must spend all the money they get on payday quickly. This habit seems to be ingrained in many of us from social and cultural conditioning, and it is a hard one to get rid of.

If we get rid of this job mindset where we're working for someone else, I truly believe that a world of abundance awaits - but only if we change our attitude to reflect that. We are now entrepreneurs in charge of our destiny, and true entrepreneurs do not need everything to be 'perfect' before they start taking inspired action!
It's sad to say, but most people learn how to spend their money so fast from their parents; and school does nothing to help you get ready for the real world of life. If it did it would teach you how to successful and wealth so you can help yourself, your family and society.

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Unread 28th February 2011, 08:36 PM   #41
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 28th February 2011, 08:56 PM   #42
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.
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Unread 1st March 2011, 06:06 AM   #43
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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.

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Unread 2nd March 2011, 03:21 AM   #44
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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

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Unread 2nd March 2011, 03:29 AM   #45
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.
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Unread 2nd March 2011, 09:29 AM   #46
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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.

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Unread 2nd March 2011, 10:08 AM   #47
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Default Re: It Takes Money to Make Money? Do YOU Agree?

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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Unread 2nd March 2011, 10:28 AM   #48
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Default Re: It Takes Money to Make Money? Do YOU Agree?

Quote:
Originally Posted by magman01 View Post
It's not that it takes money to make money. Rather, it takes the ability to provide value in exchange for value.
I agree with what you are saying but the question was addressing the belief that some people have that only the rich get richer and that a regular person, or poor person, cannot get rich because they don't have any money to start with.

I agree that it's the value of the service, but the measure of modern society is money and thus the question "does it take money to make money." If we dealt in bones then the question would be "does it take bones to make bones?"

You are correct that value must be part of the equation, but although you do not need money to begin your travel to riches you must reinvest what you earn to become wealthy. So even though you do not need money to make money, like others have said, the more money you have the faster you can make it. BUT the reverse is true too, the more money you invest the more you can lose too.

During the tech bubble I lost $1000s of dollars in the stock market. Now I didn't sit around blaming ever rich person I knew because of that, instead it was my fault for not staying on top of the market and managing the investments better.

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Unread 2nd March 2011, 10:47 AM   #49
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Default Re: It Takes Money to Make Money? Do YOU Agree?

really nice post i am very i am very apreciate with this post.

Its realty no fall down about money, no need money for success. Great post !!!!

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Unread 2nd March 2011, 02:45 PM   #50
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Default Re: It Takes Money to Make Money? Do YOU Agree?

I don't think that it's necessary to have money in order to make money. If you are broke but have the time and ambition, I believe that a person can be successful. I think that bottom line...it's all in a person's drive and just how badly they want to make things happen to better their quality of life.
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