It Takes Money to Make Money? Do YOU Agree?

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.

Great points.

Having financial resource is a huge help but starting a business will always involve challenges and you have to be ready to face them. You don't always need to start with big money, you can start with a few dollars, less than $100 perhaps and make it grow. A lot of millionaires today started from scratch. And some may have suffered losses but through motivation, have been able to stand up again and become a bigger business.

Very enriched post lol.I totally agree with the concept that it takes money to make money.

i agree with you but have to admit i learned the hard way , i spent alot of money thinking that in order to make more i had to first spend some , i only wish that i knew the things i know now ,but there is no use crying over spilt milk because its all about making mistakes and learning from them. im alot more confident now and more aware of the hype out there that is ripping people off so im kind of glad the way things worked out as its taught me alot and i eventually found a programme that has made me alot of money from a very small one time investment ,so i 100% agree that with the right knowledge and guidance you can make money with very little or none at all .

Thank you for teaching me something new today. I didn't know what Pinoy was so I had to look it up.

Interesting, and very positive!!!

Great point! You can start making money without having money; but to grow your money you need to invest the money you earn. The more money you earn the more money you can make.

BUT, what a lot of people don't realize is that not only can you earn money faster when you have money, but you can also lose it fast too!

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.

It is not the basis of all but idea is the king,but it does surplement

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!

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.

Exactly, money makes it alot easier. Yes, it's POSSIBLE to achieve great success starting from nothing, but it's not likely. That is like saying that a person in a footrace can still win even if they have to start from 30 yards behind his competitors starting point.

Yes he CAN, it's POSSIBLE, but will he LIKELY? No. And if he does win or even come close to winning his name will be known because of his UNLIKELY feat. Same goes for the people named in the OP, they are known because they are the UNLIKELY exceptions and exceptions do not swallow the rule. It takes money to make money.

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

cyberdenizen, you are right on!! OP, good thread. great question. My hero and inspiration for building an IM business is Tiffany Dow. I believe that she started her flourishing IM biz w/ as many free resources as she could find; once she started earning some income from offering a service through she internet like ghostwriting, she could then afford to invest some money in her business.

I think more than a few folks who say you have to have money to make money tend to use it as an excuse.

That's awesome. I love reading stories like this. It's great motivation to keep doing what I'm doing despite minimal results.

In response to this thread topic: I was just thinking the other day that I need money to make money, and this thread completely changed my mind.

Now if I could just fit more than 24 hours in a day

It's good to have the support of like-minded people here. None of my friends are internet marketers and they all think I'm crazy.

Truly Inspiring. Our mind is very powerful, if we really want to attain something or even become someone and we put both our mind and heart to do it then there is no way that we will be successful.

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.

Stephanie

I would like to think time is invaluable, but money is not equal to time, once we wasted our time, we will never be able to get it back. You can however leverage on other people time to do things we do not like doing, hence saving our time. This is why I love this IM business, that does not require me to actively selling my time for money.

I couldn't agree more. You won't get far if you don't invest anything at all at the beginning (i.e. time or money), and you will probably need to invest money at some stage in order to scale your business up and allow it to reach its full potential.

There are LOADS of people who started with nothing and ended up millionaires. Every single one of those people, though, gave up a very, very large chunk of their time in the beginning.

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.

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!

I love hearing from people that made it starting from nothing. Care to share with us a little on how you did it?

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.

Perceptive and insightful.

Thanks.

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.

it takes money to live, or as someone pointed out, it takes something exchanged for something to live

if people are very serious about becoming successful, they will not spend their money on hobbies and activities that have nothing to do with their business goals

if you are going to spend money on anything, make sure its something that can also be used for your business goals, such as research material, hardware, equipment, technology, tools, etc..

and if you are focused on business, it does no good to spend money on a house when that money could be spent on a work studio, where you could also live, converting your home into your office, and vice versa, etc

and it does no good perfecting your photography or star-gazing skill if that will play no part in your future. its better to spend that time working to make contacts, doing footwork, field & competitor research, education, and practicing the skills needed for your ideas and goals etc..

if you are going to cook dinner every night, you may as well try learning something useful from it, that may come in handy during marketing or development someday, etc, and why not invite a contact or friend over for dinner or go out with someone in your target social demographic

theres no use buying a sexy little sports car when you should get a larger vehicle to carry important contacts and social friends out to do networking and relationship building, which can also carry publications around or other equipment, etc when needed, something you can take 5 people out to the lake for a weekend in.

and no use taking a vacation to one place when you could attend a conference on something related to your field, and make valuable contacts, and get some face-time and build some credentials

its definitely better to take some like-minded colleagues along on a ski trip, rather than take a hot date with you

instead of dating and trying to 'hook up', you can spend more time social networking and taking friends who are also success-minded, out for some relationship-building

theres no use living in one city when the business you are in would be better for you to live in a different location

there's no point in making friends and doing social activities with people who are not of your field, or going where your going, or share your passions and motivation, or who are negative or discouraging, or waste your time, etc

theres no use marrying someone who isnt going to be contributing to your goals, or supportive of them

and so on. at any rate, life is full of expenditures of time, money, and resources, and successful people have little gap between their goals and their off-time.. the smaller the gap between what they want to achieve and what they do in everyday daily life, the greater the success, and higher the potential for achievement of one's goals

it takes not only money, but time, effort, thought, diligence, resources, but that doesnt have to exceed the amount you use in your daily life for other, non-business-related activities

Doesn't matter, he makes more money than you.

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!

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?