You Need Money To Make Money - True Or False?

163 replies
Do you agree or disagree with that statement?

Suppose you were teaching a class and someone
said.....

But you need money to make money.

How would you reply?
#false #make #money #true
  • Profile picture of the author tamaradaria
    Originally Posted by honestbizpro View Post

    I think maybe before the internet that was more debatable....but today I would have to say...

    False.

    You only need to know how to make money with no money.

    If knew two business owners, one with a product and one with a huge list that would be perfect for that product, I could broker a deal with a few emails.
    I agree...knowing HOW coupled with a willingness to
    go the extra mile, you can make money with no
    money.
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    • Profile picture of the author daneault23
      I would have to say that you don't necessarily NEED money to make money but it certainly helps out. Obviously with that being said, you don't need much money to make money, but often times it's easier to have short term success with having more money.

      If you're looking for long term success, all you need is a willingness to succeed which doesn't involve any monetary value. You have to have that drive to be better than everyone else and prove to the people who said you couldn't make it, that you actually did make it. I love proving people wrong when they say I can't do something, and this is just one way of doing that.
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      Joseph Daneault is a work from home entrepreneur who is the author of many articles relating to making money online and working from home. He reviews many so-called "get rich quick" products and give you his ideas and thoughts about them. If you're interested in making money online and want to stop wasting your hard earned money on get rich schemes that never work, visit http://www.ilovemoneymorethanyou.com

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      • Profile picture of the author lowcostebookshop
        Hi friend...visit the site lowcostebookshop.com .earn more and more money fro selling ebooks and softwares.
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      • Profile picture of the author Lexcraft10
        Your blog from the link on your post almost got me purchasing Rich Jerk. Very compelling reading. Just wanted to say good job on the content. After all the money I have already spent I am still a sucker :-)
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  • Profile picture of the author Li Weng
    You don't necessarily need money to make money
    in the beginning, but to make any BIG money, you
    definitely need to make investments.

    You always gotta put in something, if not money
    then TIME. It's a basic trade off.

    Personally I'd rather invest the money to make
    more money while freeing up more of my time.

    It depends on what your personal situation and
    what you actually value more.
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    • Profile picture of the author TonyDJackson
      Originally Posted by Li Weng View Post

      You don't necessarily need money to make money
      in the beginning, but to make any BIG money, you
      definitely need to make investments.

      You always gotta put in something, if not money
      then TIME. It's a basic trade off.

      Personally I'd rather invest the money to make
      more money while freeing up more of my time.

      It depends on what your personal situation and
      what you actually value more.
      Yes... time is an exchange for money. We only have so many minutes on this earth (as the Lord gives us breath). We can either work in exchange for money or give money in exchange for time. If I can hollow out a canoe with time in exchange for food, I have used money (resources) in exchange for someone else's money (time + skills).

      If I can figure out a way to leverage my time (may 10 canoes in the time others make 1) then I can make much more money. So... yes and no. It takes no "money" to make money, but with the right skills, I can take a little money and turn it into many canoes :-^
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    • Profile picture of the author richpeasant
      Originally Posted by Li Weng View Post

      You always gotta put
      in something, if not money then TIME. It's a
      basic trade off.
      How about rather than trading your money or time,
      thinking in terms of trading value?

      The middle class trades time for money.
      The world class trades ideas that solve
      problems for money - S. Siebold
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    • Profile picture of the author nehaluck11
      Originally Posted by Li Weng View Post

      You don't necessarily need money to make money
      in the beginning, but to make any BIG money, you
      definitely need to make investments.

      You always gotta put in something, if not money
      then TIME. It's a basic trade off.

      Personally I'd rather invest the money to make
      more money while freeing up more of my time.

      It depends on what your personal situation and
      what you actually value more.
      .I am really very impress with your thinking.
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  • Profile picture of the author powerspike
    You don't need money to make money, however, having money to get started will accelerate the process greatly.
    You can start off small, and build up over time, if you have money to start with, you can start further up the "scale" then from scratch.

    However - if you have the willingness, then you'll still go far, either way
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    • Profile picture of the author MintSEO
      Originally Posted by powerspike View Post

      You don't need money to make money, however, having money to get started will accelerate the process greatly.
      You can start off small, and build up over time, if you have money to start with, you can start further up the "scale" then from scratch.

      However - if you have the willingness, then you'll still go far, either way
      Making money is one of the top reasons why webmasters create websites. In many ways including selling products, displaying advertisments and membership options.
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  • Profile picture of the author Clintonio
    Banned
    [DELETED]
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    • Profile picture of the author richpeasant
      Originally Posted by Clintonio View Post

      My statement to them would be, that is absolutely not true. Go clean my toilet with this rag and I'll give you five bucks. Point proven.
      Very intelligent and concise reply!

      Still interested in more replies, no
      matter which side of the fence you
      are on.

      Those who start with too little money are more
      likely to succeed than those who start with too
      much. Energy and imagination are the springboards
      to wealth creation - Brian Tracy
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      • Profile picture of the author Traveler51
        WOW! What an inspiration!
        I like your blog!
        Keep up the great effort!
        Signature
        J Gary Dean
        www.JGaryDean.com
        Internet Copy Writing.
        Good words at a fair price.
        "be humble and don't stumble"
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  • Profile picture of the author Valorie
    FALSE

    It's a good excuse for not trying, though!
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  • Profile picture of the author Biggy Fat
    False if you wanna go it alone, true if you're smart and spend some. Besides, I have yet to find ANYTHING that is truly zero investment. Yes, methods themselves may have zero investment, but you will have to INVEST to learn the method. Get it?
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  • Profile picture of the author GameOver
    I think this is true. If I had $100,000 i'd buy 100x $1000 websites for 10 months revenue and in a year I would have doubled my money
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  • Profile picture of the author ConcordeWarrior
    I believe that heaps of money can be made starting from scratch. You just need to have the right idea/concept and put it to work. Sometimes it can even go worldwide.
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  • It's ok to start small & build slowly.
    The snowball effect will eventually take over.
    ......you also won't lose lots of money!
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  • Profile picture of the author Emmick
    false i think
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  • Profile picture of the author 1 Marketing
    This is not the case always. If you don't have money then first you need to make money initially it will be a slow start. But if you dedicatedly stick to collect penny by penny one thing for sure.... You'll get rich.
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    • Profile picture of the author ShayB
      False.

      You do not need money to make money.

      The freebie methods do not make tons of money, but they can provide the funds needed for hosting, domain names, etc. Then they can help you build a more profitable business.

      The trick is to re-invest your profits so you will be able to make more and more money.
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      "Fate protects fools, little children, and ships called Enterprise." ~Commander Riker
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  • Profile picture of the author btheiler
    False, for sure

    If you know the right methods, its easy to make money online with very little (less than $10, or the cost of a domain name). The problem for most people is finding the right methods because so many people out their release garbage that its difficult for people who truly want to make money to find the right methods.
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  • Profile picture of the author PrettyJenny
    False.
    Write some articles for AssociatedContent and you will get 20 bucks easily. You set up a free blogspot and get $10 a month with Adsense on it.
    Money is just like some fuel, it makes your profit fire grow bigger and faster.
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  • Profile picture of the author mikeyg
    I disagree.

    I have worked as a business development consultant for the past 19 years and I have created multi-million dollar businesses for as little as $100.00 on the table.

    From my experience, there is never a money problem - there is only an idea problem. You come up with the right idea and the money will always be there.

    The one rule I use with all clients is always start where you are with what you have - too many people get way in over their heads with financial debt, and instead of focusing on those things that will make the business successful, they focus on their debt and end up not doing what they need to do.

    This is the same as the banks telling you you need three years to get over the hump before you can make any money. I have never developed a business for a client that did not make money the first day they opened their doors. No one has pockets deep enough to last three years without earning a profit.
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  • Profile picture of the author Vincelog
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    I agree. You need at least some money to make money.

    Cheers,
    Vincent
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    • Profile picture of the author Greg Jacobs
      When I started in IM, I had a day job that paid well

      I started experimenting nights and weekend on various methods and really didn't invest much. Maybe $100 for a years hosting another $100 for some programs.

      This wasn't because I didn't have the money to invest, but rather because I knew that spending lots of money upfront probably wasn't going to help me much as I had to understand the real root basics of what I was doing.

      Over the course of my first year in IM, I went from $0 to about $3000 a month.

      At this point I had a better handle on the industry and the ways the profits came and decided to invest some of my earnings.

      At the start of my 2nd year I took a good portion of my earnings and started investing in various things.

      Well this investment combined with my knowledge of how to properly invest it caused my earnings to rise to a point where I was able to leave my day job and become a full time Internet Marketer.

      So I guess the moral of my story is that it is necessary to invest to get large $$ earnings, however investment without proper knowledge to guide it can be a perilous path.
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  • Profile picture of the author Robbo
    I disagree... you can go to someone else and make money by giving up your time i.e. a job... that requires no economic investment at all
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  • Profile picture of the author eric.watson
    Starting off with minimal finances meant we had to think smart!

    When we first started we had spent a lot of time on our product. A lot of adjusting replanning and more adjusting. I do believe that if we had just thrown a lot of money at our project we probably would not have arrived with the successful product we have, and also we have learned a lot more by taking the time to build and grow, we have a good understanding of our product. WE know what works is current and relevant for our product.
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  • Profile picture of the author sm97os
    Its true, even if you using free internet marketing techniques, you will need money to survive with while you are waiting for those to cash in!
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  • Profile picture of the author UnleashReality
    disagree.

    somebody who can make money without needing money will probably end up making a whole lot more.
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  • Profile picture of the author Bobb30
    Money can be made on line without spending money.

    The first step is to recognize a starving audience.

    I think we all agree that some investments need to be made in order to
    improve and progress our business.

    I used to own an auto painting business. Expenses ran close to
    30% of my gross sales. I watched paint increase in price 500%
    over 10 years. Then throw in insurance, other supplies, etc., etc.

    Internet marketing is nothing compared to that!

    So, no. You don't need money. Just an on-line connection and some knowledge.
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    • Profile picture of the author aneel90
      Nothing ventured nothing gained

      You gotta spend something to start, I mean in business you need some money doesn't matter what kind of a business it is
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  • Profile picture of the author Michael Motley
    False. But it helps.
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  • Profile picture of the author Brian W. Wang
    It's best to have some money before you take on any business project that's supposed to make a high income. Management is difficult to handle, so having money makes things easier to manage.
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  • Profile picture of the author macabhay
    If there is sufficient desire, knowledge, and activity, I don't believe that having money is a pre-requisite to making money.
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  • Profile picture of the author Xodus
    You need money to make money - true or false?

    True.

    That is not to say it takes money to make MORE money. You need money to survive in the modern world. You have to eat, clothe, pay for medical, etc. No getting away from that.

    So while you make money you have expenses whether they are investments into making more money or just using money to survive while you spend time to make money is the difference.

    You need time. The more time, the more money you need.

    It is definitely helpful to use money to make money though. If you have investment funds and use them appropriately you will need less time to make more money. So I would say yes.

    You need money (to survive) to make money. You need money (investment) to make money faster.

    I think the question might have been phrased:
    Do you need to invest money to make more money?
    False
    You need time (and as Macabhay says) you need desire, knowledge, and activity.
    But then if you (and you should) consider your time valuable it would depend on if you place that value at a monetary level or enjoyment level.

    For instance, I enjoy spending time with my family. So my time spent with my family is not monetarily valued. But, I also enjoy putting together new ideas and business plans for online businesses. And since in most cases the goal is to make more money then yes, I place a monetary value on my time.

    Wow, I think I just confused myself. :rolleyes:

    Danny
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  • Profile picture of the author LastWarrior
    It really depends on the situation at hand. I've been in a service industry before and whenever I sent out flyers, I got immediate calls for quotes, which led to me making money. However, I've been so broke before, back in the day, that I didn't have the money for the flyers! Hence I couldn't make money until I had the flyers to pass out!

    LastWarrior
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  • Profile picture of the author toddilee
    FALSE! You need the right mindset to make money. Read and study classic books like 'The Science Of Getting Rich' and 'Think And Grow Rich' to find out what is necessary to get your mindset in the right place.

    If you hold onto beliefs like 'You need money to make money', you will have a very difficult time attracting money into your life...
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    • Profile picture of the author smcdunbiz
      In my experience you need a little money to make more and then you leverage the money you have into bigger and better things.
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      • Profile picture of the author topan
        You need a skill to make little money. Then you can leverage this little money to big money.
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  • Profile picture of the author OmarKhan
    Banned
    I would have to disagree. Although having absolutely no money at all does complicate the process and make it much more difficult, it is very possible and probable for an individual to make money without an initial financial base.

    In my opinion, the problem rests in the instant gratification one seeks with money. People tend to Want It All..All Right Away. Being driven is good, but patience and the desire to learn and build wealth is very important.
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  • Profile picture of the author TheAngelGuy
    Originally Posted by honestbizpro View Post

    You only need to know how to make money with no money.
    This is one of the most quotable things I've read in a while, and an absolute truism.

    Someone can throw money at something all day long, and if they don't know how to make money, they're going to lose it.
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    • Profile picture of the author ShayB
      Originally Posted by oneandonly View Post

      You need knowledge to make money

      I wholeheartedly agree.

      Having money to invest in a business will not (necessarily) make you money.

      Having the knowledge to use free methods in order to make money will.
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  • Profile picture of the author Bert Ritz
    I am going to disagree with the trend here, because it most definitely takes money to make money,
    You all are taking for granted some essential things that take money. Your computer, your internet connection, your hosting & domain, your autoreponder, to name a few. Those all take money. Without them, you couldn't make a dime on the internet.
    Now, I sit here in front of my old Win 98 computer, on a dial up system. It takes me hours to do something that on broadband and a newer computer would take minutes.
    My credit cards are overlimit right now. Can't afford a new computer, satellite connection or an autoresponder. I will one day. And I keep plugging along, because I never give up.
    It would be far easier and I'd be making a lot more money than a few hundred a month if I had the funds to have the tools to be successful.
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  • Profile picture of the author BlueStar
    Banned
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    I can tell you for a fact that is not true. I made my 1st million with NO money, was in debt, couldn't pay my mortgage, car payments, etc...

    Those who say you need money have never made money and are not true Entrepreneurs . These people are called United Auto Workers.
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  • Profile picture of the author Headfirst
    True, but not much. No more than what you would make working an extra part time job for a month.
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  • Profile picture of the author pirdaus
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?

    i say no.. for example i now how to make money online is by free from some people in my country telling and explain how to make money online
    with very great explanation

    that are really good person
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    • Profile picture of the author John Durham
      Can you Make money with no money? Yes.

      I am doing this right now as we speak. In between surfing the warrior forum. I dont even have a website.

      Affiliate marketing using direct links?

      Nope. You may find this idea unique:

      I use free memberships to international b2b sites to connect truckload buyers and sellers together.

      You find both the buyers and sellers on the same site and you create a brokering deal with the seller, and then you use that very same b2b site where you found the seller, to find a buyer.

      Most sellers on b2b sites dont have any idea how to market to the buyers on the site.
      They just join because the sales director said it was a good idea...

      I have made many thousands of dollars doing this and sold many truckloads of liquidation merchandise overseas. ALL VIA EMAIL! Never costed me a single penny.

      I am answering emails right now, in between surfing the warrior forum, on a couple of these deals, and it looks like a deal is about to close.

      Seriously. I could forward you a 15k purchase order that was just emailed to me 30 minutes ago from China! No crap! That's why I am up at 4:56 am!

      So anyway, There's a freebie idea for someone with alot of guts to really jump out of the box!!

      I can spread this idea around because most people dont have the true motivation to pursue it anyway. But if you do, "More power to you...welcome aboard"! I am always happy to bless.

      I hope this inspires and offers value to the forum.

      Back to the subject at hand: The only thing you need to invest in is education and internet access. The first part you can get for free here at the warrior forum for only an investment of time.

      Regards,
      John Durham

      Ps. If anyone knows how I can delegate this process, put it on auto pilot, and have others do all the work let me know, because it does take some time and effort coordinating these deals even though it is all via email. I'd like to work less if possible.
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    • Profile picture of the author wtrade18
      False. You need experience, knowledge to make money. You also can use networking to make money.....
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    • Profile picture of the author cyowell
      Do you need money to make money?

      Theoretically, FALSE.
      Having money sure as heck doesn't hurt..and as we all know it helps a lot.

      Thankfully, with the internet, you can make money with knowledge and application. Nothing can replace taking action.

      But the original post that started this thread did not talk about how much money. I think it helps to have money to invest if you want to make BIG money.
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      • Profile picture of the author richpeasant
        Originally Posted by cyowell View Post

        Do you need money to make money?
        ....the original post that started this thread did not talk about how much money. I think it helps to have money to invest if you want to make BIG money.
        I didn't put an amount because I wanted to see a whole range
        of views.

        I've heard it said $100 for a domain name and some basic
        webspace could be helpful. The product and the process
        needn't be complicated.

        Then again, you might not even need a website.
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    • Profile picture of the author workingmamma
      My opinion is no matter what you do it is going to take money to make money. Yes there is free things on the internet to make money but did that internet not cost you or that computer to be able to get to internet not cost you??? Everything comes with a price tag no matter what. I think also that the more money you have the easier time it can be to get started. I say this because 6 years ago when I started working from home I was very poor and bought the cheapest old computer I could find and worked off that old desktop for about 3 years I then got an old used laptop and had that for another year. Finally making enoug that I could design a computer from Dell and have a brand new computer. Working off the old equipment could be frustrating at times and because of the age of my computer did hold me back from some jobs o nthe internet so this is why I say it takes money to make money and that having money makes things easier because if I would have had any money it would have made my life easier starting out working from home.
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  • Profile picture of the author Maria Gudelis
    Ditto on the no...

    Money follows good deals...you 'create' the deal - the value proposition...money always follows...

    ...the tougher part is keeping it!
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    • Profile picture of the author sahbussman
      Its purely depends upon you...............................
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    • Profile picture of the author JSantiago
      False. In my experience you do not need money to make money. On the other hand it is always easier to make money when you already have some.

      Regards James Santiago
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      • Profile picture of the author StockingPockets
        False.
        But it would definitely help and make it a lot easier.
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    • Profile picture of the author Clint
      Originally Posted by Maria Gudelis View Post

      Ditto on the no...

      Money follows good deals...you 'create' the deal - the value proposition...money always follows...

      ...the tougher part is keeping it!
      I think you had to have a nail and 100% agree with you, Maria
      "you create the deal "
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    • Profile picture of the author WhiteCanvasPro
      False. Talent is not bought with money
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    • Profile picture of the author AffiliateKungfu
      The Internet is the only place where you can do business with lower overheads than anywhere else, provided you learn the ropes first.
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      Without my favourite and only sig , my youth may just wither away unnoticed! And it makes me very sad.
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    • Profile picture of the author mbrig
      I say False;

      You could have initial investment money and not have the talent to produce razor sharp copy. You might say I'll outsource it, but that's not you writing and that can reduce your start up money significantly.

      You can have the start up cash, some talent and then still not make any money due to a lack of application, wanting it etc

      If someone has a strong enough WHY, the application and the desire I'll take him over the educated cash rich derelict!

      Regards

      mbrig
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  • Profile picture of the author Riz Caan
    False - but it always helps

    you need an idea and action and you can always get someone elses money if you need to do something where it can't be done free.
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    • Profile picture of the author jamessol
      Like this question...

      My answer would be "NO" what we need most is to change our thinking about money. according to my reading 90% of our money problem is mind problem...
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  • Profile picture of the author chinois
    It depends on the type of business....sometimes you do need a certain amount of money to get things going.
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  • Profile picture of the author kobe24
    I would have to disagree.
    When I was in highschool when I first started making money I started out with little to absolutely no money. From experiences, time, and using my knowledge I now have much more money than I started with, and if I lose it all I know I can go back and make the same amount of even more!
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    • Profile picture of the author Nino C
      You don't need money to make money..

      You need Value... Online And Offline..
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  • Profile picture of the author pheonix44
    I am going to disagree with the trend here, because it most definitely takes money to make money,
    You all are taking for granted some essential things that take money. Your computer, your internet connection, your hosting & domain, your autoreponder, to name a few. Those all take money. Without them, you couldn't make a dime on the internet.
    Now, I sit here in front of my old Win 98 computer, on a dial up system. It takes me hours to do something that on broadband and a newer computer would take minutes.
    My credit cards are overlimit right now. Can't afford a new computer, satellite connection or an autoresponder. I will one day. And I keep plugging along, because I never give up.
    It would be far easier and I'd be making a lot more money than a few hundred a month if I had the funds to have the tools to be successful.

    Not really you just have to be creative and seriously driven. I may not have a dime to get what you just said but take this for example. I may not have a computer or internet but I can go to the library here and use theirs for free for a limited time per day to set up a free website and make use the limited time I have on the libraries computer to make about twenty dollars doing little things. Once I have about 50.00 I can get a cheap host for about 40.00 and a dot info domain for the time being. I can keep on using the libraries computer until I had about 150.00 then go on CL and find a good quality laptop with wifi for this much and then go to the library everyday and now be on the internet for as long as the library is open. Once I made about another 50.00 I can get getresponse which allows 10.000 names before they increase. Now all I have to do is use my time right and in no time I will be able to afford wifi at home now I can be on the computer for as long as I want. Which means I can make more money once I have a couple hundred dollars I can begin to outsource some of my work and leverage the little money that I made. Within a year I could be making a good liveable income. How did I do this all. By using a free computer with free internet at the library which is free to get started. Then used free internet resources while inferior they might be worked to get me started. Then used the minimal money I made to get low cost paid resources. Then continued to upgrade I I was able to use more time to make more money. For instance the computer that I am working on now I got for 145.00 on CL and it is a good one. You just have to know how to make the most with what you have got. Where there is a will there is a way.
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  • Profile picture of the author hfm
    It's really more of a debate. You have question if you are assumed to have zero money at all, nothing to spend on anything at all - not even food and other basic neccessities.
    But you can make money without needing money, you can start by getting a J.O.B. You don't need money to make money from most of the jobs.

    If it's starting your own business we're talking about, truth is, to a certain extent. You will NEED money to even begin to start making money. Investment in the basic like a computer, a domain and hosting package or even to buy that piece of cloth for a cleaning business. They all need money.

    Most important thing you need is focus and determination to make money.
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  • Profile picture of the author robertvance
    False

    You need a focused plan of action and most important you need to take action on that plan.
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  • Profile picture of the author eijk82
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    Sometimes I agree with that,

    before I plan to make some money on the internet, I need money to buy a domain name, website hosting, outsource someone, and ppc advertising.

    I haven't found how to make money on the internet without spending any dime yet.
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    • Profile picture of the author richpeasant
      Originally Posted by eijk82 View Post

      ...before I plan to make some money on the internet, I need money to buy a domain name, website hosting, outsource someone, and ppc advertising. I haven't found how to make money on the internet without spending any dime yet.
      How about starting with a free blog and doing the
      write-ups yourself?

      No PPC, webhosting and outsourcing.

      Just a paypal account, some adsense and a decent
      affordable report you can email to those who subscribe.

      It doesn't have to be about making money and the
      domain name can come later.

      I think too many people have been fed the idea that
      unless you are making $10,000 a week overnight it's
      not worth bothering.

      $500 a month would save 85% of bankruptcies in USA.
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  • Profile picture of the author deannatroupe
    False. You don't need money, but you do need time. It's been my experience that you need to either spend time or money on growing your business.
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  • Profile picture of the author internote007
    I guess you could make money with no money but it would take a lot longer! Since time is money, I have to say no!
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    • Profile picture of the author richpeasant
      I would say value is money.

      The middle class trades time for money.
      The world class trades ideas that solve
      problems for money - S. Siebold
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  • Profile picture of the author josefnew
    Yes, you need money to make 'a lot of' money even on the internet you need internet connection, a laptop or desktop, even the time you spend is money.
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  • Profile picture of the author Stevie Drive
    What kind of question is this? You need BOTH. First, you need some sort of money as "security" to do whatever you love. And doing whatever you love will lead to true moneymaking. That sweet spot where you're making excellent money doing stuff you love.

    Only positive thinking is not enough when you first start out. Your genuine abilities manifest only when you're free of pressure.
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  • Profile picture of the author John Blaisdale
    This is definitely false. In fact, I think you are better off in the long run if you start out with no money at all. Why? Because I think everyone should learn through experience and more specifically mistakes.

    At times it may seem as though you are working your butt off for nothing but as you spend more time with your business and methods of making money you soon learn what works and what doesn't.
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  • Profile picture of the author cmbwealth
    You don't need money to make money. You need creativity, think outside the box.

    Okay, I want to start an IM business and I'm broke with no computer. I'll go to the public library, or ask a friend if I can use theirs for an hour or two a day.

    It may take a lot longer, but eventually you will get there.

    No money is an excuse, it is that there is no thinking as the real problem.
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  • Profile picture of the author tUNU52

    I think this is true. Because money brings money.
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  • Profile picture of the author capone2009
    i think with money you can make money quicker and easier but you actualy don't need money to get money. get it?
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  • Profile picture of the author runfast
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    Here's my reply:
    You don't need any money to make money....
    It's who you know that makes you money NOT what you have.
    I started a business without using any of my money. I personally knew of 2 multi-millionaires. I showed them my business plan and they both gave me $50,000 checks. I had no money to start the business but I knew someone else that did.
    I take my family to a private vacation home in the Smokey Mountains. This is a cedar mansion beside a Big Lake. It is completely furnished with everything to live there. It even includes sat TV and a big boat. We can go there anytime for 3 day weekend without paying a dime. Why? Because I have made friends with the owners.

    Read: "Never Eat Alone" It works well for me.
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  • Profile picture of the author unlimited1
    false but most people use it as there excuse
    Signature

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  • Profile picture of the author Jay Ang
    I would agree more with " You need resources to make money" ...
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  • Profile picture of the author Judy 0513
    I think not everyone on the same side
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  • Profile picture of the author mistermint
    Think we all need money it's a fact of life: The question is how much?

    We have all or most of us lived through decades of greed and avarice, the more we have the more we spend, better home, better car, better food etc.

    There is no option unless you have been blessed with inherited wealth but to earn money in one form or another. The more you put in the more you get out.

    A classic example and you can see this world wide is, large food chains in supermarkets who buy shelf space, sell product for a loss until the competition has to give up then, dominate the market. "When money talks everyone listens"

    If you want to make real money on line and not pocket money then, you do need money to make money-IMO.
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  • Profile picture of the author Gooddeal86
    True. for pay per click
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  • Profile picture of the author TeddyP
    Time=Money

    I honestly can not seperate the two at this point. So if the question is straight up do you need money to make money - then yes you do because no one can make money without time.

    Every second I am putting into a new business is money I am not making doign soemthing else - that is why I can not seperate them.

    If you want to get 100% literal then, no you don't need physical cash money to make money. However, it helps a great deal and if you want to make serious money you need to use some.
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  • Profile picture of the author Myheavens
    I agree. You need at least some money to make money.
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    • Profile picture of the author innhui
      I think having some money can sometimes be a stumbling block to making more money.That is probably the reason why most people remain poor or average all their lives.You see, if you have some money, you are often afraid to take risks as you tend to fear losing what you already own.One the other hand, if you have no money, you have no fear of losing as you have nothing to lose.

      I have read countless stories of successful and rich people whose lives turn around when they are dead broke and have absolutely nothing (in fact, they are often in debt).Anthony Robbins is a classic example.

      Another example is the self-made property millionaire, Carly Crutchfield, who is a property mentor.She was about 22 years old when she made her first million.She then decided to give away everything as she didn not want to be attached to her money.She travelled overseas helping the poor.When she returned to Australia, she had no money. But within 1 year, she made her first million again and is now a multi-millionaire.

      So, my conclusion is: you do not need money to make money.What you need is the right mindset, creativity, determination, focus, persistence and the belief that you can achieve whatever you want to have
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  • Profile picture of the author Alexkandr Krulik
    To make money you should invest something. It could be time,money,effort,or whole your life.

    The easiest way is to invest money because time is unrecoverable resource.

    I did try to earn money without investing penny but what i maximum achieved was $1-$2 per day.

    No more.
    But I got excellent experience during this endeavor, invested some cash, not big, near $300 and got 3 times more in two weeks.
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  • Profile picture of the author sozosau
    I believe you need alittle bit of money to start small. If you want to start big then you need big bucks, or plenty of luck and afew gambles!

    SoZoS
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  • Profile picture of the author dlwebb610
    Honestbizpro: I think maybe before the internet that was more debatable....but today I would have to say. False. You only need to know how to make money with no money.

    I respectfully disagree, here's why. Although it is true that there are lots of ways to make my money online but they ALL will cost you money. Even if all you do is article marketing you still incur cost. You still have to pay for the electricity to run your PC, you still have to pay your cable or DSL bill. These are cost are they not?
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  • Profile picture of the author A8ch
    You do not need money to make money. You need resources to make money. Those resources could be in the form of ideas, contacts, opportunities, initiative, ingenuity, creativity and so on.

    Of course, having money or access to it does have its benefits.

    Hermas
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  • Profile picture of the author Phoebe
    I would aggree - however it's all a matter of degree.
    To start a local business (like a shop) you need $100,000 upward to set and and stock up.
    A direct mail - like a mail order business you'd need probably $20,000 to do it properly.

    An internet business you can set up with a couple of thousand bucks (much less if you do all the work yourself - but I'd rather just pay the cash and work with professionals who get a top job done fast.

    you can start a trading account for shares with $2000.
    you can start trading forex with less than $100. (but you have to know what you're doing in both cases which often costs money or a lot of time)

    If you want to make money while spending absolutely No money then all you can do is labor because everything else takes at least a few bucks.

    Surely though, most people can raise a few hundred bucks if they were truly focused on creating some wealth.

    Franky if you are not willing to do what it takes to raise a few hundred to a few thousand bucks to get you started then your chances of becoming rich a very poor!

    You have to think rich to get rich, there's no point in being a tightarse with setting up your business because that will be the essence of your entire business life, and no-one will want to buy your products.
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  • Profile picture of the author fight4spam
    False. I've played a real-life game last year where we in a group could make from $0 to $1000 in 4 hours. All it requires is some "think out of the box".
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  • Profile picture of the author Mark 2
    If you have the capabilities to "think out of the box" then only sky is the limit. Money can never be regarded as the guiding force to attract more.
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  • Profile picture of the author Brian.expert
    I truly don't believe this. I think one needs that motivation and risk taking ability to get success and make money. One truly requires that desire to work for what he wants in life and that too should be long term objective and not a short one as that won't let you to success.
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    • Profile picture of the author NLCJ
      False, you just have to start small (without money) and grow. Somehow you will make it. All though it goes faster if you use money.
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  • Profile picture of the author Styleearn.com
    The statement is not 100% true, well now a days there are a lot of methods to make money without any initial investment.
    However to earn some bunch of extra profits and being lazy and outsource the work definitely need some initial investment.
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  • I think if you start small & slowly build you can still make money, but it will take longer, and your mistakes you learn from won't cost as much.
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  • Profile picture of the author Mike Tompson
    One can see the glass half empty and other can see that its half full. I agree to disagree. You don't need money to make money. That is the general way of making money. We are not considering the unusual. Beside what can you do with money other than invest. Ok! I agree that is a little lame. But hey there are opportunities for broke too I guess. Other wise what will the financial organizations would do?
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  • Profile picture of the author rohesiarain
    Do you need money to make money?
    False
    You need to know how to use the resources you have to make the money you want.
    You need to have the drive to stay with the project and not drop out because success is not easy it is WORK!
    You need to be able to think outside of the box and not like everyone else!
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  • Profile picture of the author Edgar Moreno
    I would have to say that although it would be faster to make money by spending money, it definitely isn't required to make money.
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  • Profile picture of the author clever7
    Of course you need money to make money. I agree with Bert: if you don't have the basic tools to begin, you cannot make money with your work. On the other hand, there is a famous dictate which says that "money attracts money".

    If you have money to invest, you can easily make a lot more.

    I'm not saying that if you don't have money you cannot make it, though. You can, but everything is quite difficult and delays too much.
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  • Profile picture of the author CDarklock
    Originally Posted by richpeasant View Post

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    Not really. It's just that once you have enough money, making money is inevitable. When you have a certain amount of money over and above what you spend day-to-day, the money you don't spend will generate more money than you spent - without any work, effort, or attention from you.

    Let's use an example. Most of us wouldn't be too unhappy with a hundred thousand dollars a year, right? So think about this. If you had three million dollars, and you stuck it in a plain old everyday savings account at 3.5% interest, the interest from that account would be over a hundred thousand dollars a year.

    So if you could just keep your grubby hands off that three million dollars, you would have a hundred thousand dollars a year, and you would never need to lift a finger. And if you were happy with a hundred thousand a year, you would never even be tempted to touch that three million.

    But that's only one way to make money, and I'm guessing none of us are using it, or we wouldn't be here.

    (and now back to your regularly scheduled class)
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    • Profile picture of the author John Durham
      Originally Posted by patricialin View Post

      you need money to make money. cos in every business, there is always a capital investment to get started with.

      Who told you that?
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    • Profile picture of the author l23bc
      Originally Posted by patricialin View Post

      you need money to make money. cos in every business, there is always a capital investment to get started with.
      Offline business that mostly applies Too Not really online.My dad Used to say that about his business quite a lot because he was a house and ship builder by trade.

      Meaning like most self-employed people you have to buy your tools or use some of your own money to see a job through, Bricks and mortah any capitial investment for a offline business i suppose,

      There is people online doing dropshipping or some sort of auction site that are making a fortune online without even spending anything at all in some cases,
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  • Profile picture of the author homebasedmom
    It depends on the person, some people make a sale without spending a dime, their main tool is "sales talk" and "charisma".
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  • Profile picture of the author bagheera101
    I agree with the "no" answers here. I've made a significant amount of money (to me; it might not be significant to others!) from writing online, and I haven't invested a dime in my memberships to writing sites!
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  • Profile picture of the author Kezz
    I'd say the answer is fairly straight forward.

    You don't need money to get started, but you do need something to invest, such as your own time and effort. You will never get money for nothing.

    At the same time, the more money you have, the more you can make. As you make more money, you can reinvest in yourself, and begin to experience an exponential growth pattern.
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  • Sure , need money to get money
    any job needs money to get money , doesn't it ?
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  • Profile picture of the author jasonbird
    Banned
    [DELETED]
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    • Profile picture of the author John Durham
      The belief that one needs money to make money is neither true nor empowering.

      It is a worthless thought if you are broke and will keep you that way!!!

      Those who spread this belief spread poverty.
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      • Profile picture of the author Camagu
        true, unless you beg on the street.
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  • Profile picture of the author Marlinark
    False.

    You do not need money to make your initial money.

    Money is required for a greater deal of money.
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  • Profile picture of the author aQsa08
    true.. no matter how small you put for investment..there is nothing free in this world..only the key is small invest high value..
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  • Profile picture of the author TyBrown
    In theory you don't need money to make money. I'm not smart enough to do that yet. All the money I make is a result of some investment, even though it may be as small as a $10 domain.
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  • Profile picture of the author adferger1
    False...
    You can make money without money, but will earn money faster if you have money to invest.
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  • Profile picture of the author ajcox22
    i have put together a quite a few business deals by using no money and making quite a bit, it is possible but there is alot of preperation for executing the plan at the right time
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  • Profile picture of the author eastmobiles
    Kind of a dilemma, like you need working experience in order to get a job, but I think this is not absolute, right?
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  • Profile picture of the author dammy2007
    Hard work,commitment, enthusiasm then money.
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  • Profile picture of the author ozzie26
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    I think this when the term cause and effect come into play. In todays world energy and money are kind of twin brothers. What you put in you surely will get out. If there is no money in your possession then all you have is energy, you most definitely should us it. On the other if the money, funds is available use it, it will have the same effect.
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  • Profile picture of the author Patricia1
    You don't need money, especially if your a Warrior Forum regular!
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  • Profile picture of the author ExtraCashOnline
    I would have to say that I think that you don't always need money- you can sometimes trade talent for service.
    Saying that you need money might just be an excuse and if you really need the money you'll think about every way you can get it. Even if you have to beg until you get enough to do what needs to be done.

    If you have the will to do something, the lack of money will not get in your way!
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  • Profile picture of the author terenceyang
    True. Even if one have the talents to earn money with, he would still at least need some money to buy some food or drink to remain alive till he is paid.

    I think the essence should be how much money is needed to make ten, twenty or one thousand dollars.
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  • Profile picture of the author 2d0k
    False.. You can still earn money by investing your personal time and effort.. Even with money, you can't earn with it without doing anything..
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  • Profile picture of the author SEOExpert104
    No it's not true, well you can make money faster if you use money, but lets say you make a site, if you don't know how to code, you use blogger.
    Then you install a nice theme, and you start publishing articles daily. But once enough is published, you work on the SEO, build backlinks, and etc, this can all help a lot, you earn from adsense. Simple and easy.
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  • Profile picture of the author Scorpiocore
    In my opinion it's what you invest that matters...you can invest money to make money. but you can also invest your time, effort,talent, relations to make money, too!
    If you think that you MUST have money to make money, then you are poor on anything else.
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  • Profile picture of the author k0zm0zs0ul
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?

    Bull ****. I started my ghosting service on less than $50 bucks. I wouldn't even have spent that much, except I paid for membership to E1kad, and that was where I got my bright idea to sell my writing services, so I consider that part of my start-up costs.

    Had I skipped that part and decided to go the entirely free route, I could have:

    1. Set up a services blog on Blogger.com- Not the most professional, BUT workable and FREE.

    2. Typed up sample articles, put them in a folder, and hit the pavement visiting local businesses, marketing my writing skills. If they wanted a website, I'd refer them to number 1! Not fun, but again..FREE.

    3. Run an ad on every free site I could find, marketing my services, and start marketing on free related forums. Again...FREE.

    And myriad other ways to market yourself that don't cost a dime, beyond a bit of sweat. And by market yourself I mean market services. You don't have to have money to sell a service you just need a service you can sell.

    If you think there isn't something worthwhile you can do worth selling, rethink that. Make a list and write down all those things you are good at. Guaranteed at least ONE of them is a service you can market that other people can't or don't like to do themselves.

    I started out at a meager $5 and $6 bucks an article, landed my first few projects the very first week I set up shop, invested some of the profit back into my business to make my service perceived as even more professional, used some of the cash to continue my marketing and writing education, and never looked back.

    If you hate to write, what about other things? Techie skills, general labor skills, financial management skills, customer service skills, heck even just the ability to type or do some research. There WILL be SOMETHING you can do better than others, that you can flip the script with and actually charge for. Then it's just a matter of marketing, and just look around this forum for all the free ways to do THAT, other than what I listed above.

    Warm regards,
    Cori Padgett
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  • Profile picture of the author Charleskidd
    You can make money online without money. There are many ways to do this because you can make money without creating websites or even making sales.
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    Does internet marketing seem to hard? Click here and you will see how much you learn.

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  • Profile picture of the author Mili_D
    Put it this way there is heaps of money to go around in the world and it also doesn't mean that you need money to make money it all in the mind. Remember Like attract like...


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  • Profile picture of the author duncanb
    You will make money quicker with money in the pot!
    But can make significant monies with "time" investments.
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  • Profile picture of the author AwesomePossum
    I'd respond, ever heard of a man by the name of Andrew Carnegie? He was an Irish immigrant that built one of the biggest fortunes during the industrial revolution.
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  • Profile picture of the author jyzackoh
    I would say you might not necessarily need money to make money. But of course, paying will ensure you better services.

    What is more correct is that you need investment to make money. The investment might not be monetary - could be time and all, but it's an investment afterall. There's an opportunity cost for using that time which gives your time a "monetary value".

    Just my 2 cents!

    Zack
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  • Profile picture of the author cwrinco
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    They say that Money is a way of keeping score.

    There are millions of examples of people with unlimited resources that go broke quickly, and even more stories about the ones who started with nothing and built empires.

    There are so many more critical things necessary... I think money falls way down the list.
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  • Profile picture of the author Arun Kumar
    I would support both because, in business you will have methods which doesn't need any investment. For some methods, it needs some investment to get started.
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  • Profile picture of the author Quattro
    This statement is false. You don't need money to make money. Although having money does help get things started.

    What you really need to make money is a combination of: determination, ability to learn from failure, and in some cases a little bit of luck.
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  • Profile picture of the author successfulgeek
    I'm going to have to go with false, and it also has a lot to do with your mindset. There is a ton of ways to make money out there, but if one doesn't have the mindset to do it, they won't.

    So if one doesn't have the mindset, they won't have to spend money on tools to make money although they probably will, they need to spend money on getting rid of their head trash.
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  • Profile picture of the author mine1718
    on some minor things, you really dont need a bundle of money too get started, but to make money, you really do need money.
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  • Profile picture of the author Demond Jackson
    For my answer I'd like to quote Dan Kennedy who said that if you can't make money without money, you can't make money with money. With the internet, you can write and submit articles, set up a wordpress blog and monitize with Adsense, Amazon, Clickbank, etc.
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    Commitment is the difference between people who "have potential" and people who have results.
    Demond Jackson
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  • Profile picture of the author pickthat apple
    If you can use the money wisely I would say it speed things up, but if you have no qualities to go with it , makes no difference.
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    • Profile picture of the author Daniel Rickfold
      I would have to answer false. You can make money without spending it. I remember a few years ago, when PayPal wasn't even available in my country how I made a forum and got about 300$ check from google adsense. I was using a free host back then and the profit was 100%. Of course it did take a few months, but I did spend nothing!

      With a good solid plan and dedication you can succeed without spending a dime. Of course it would take time, and if you want to speed up the process you would want to spend some money.
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      Be The Change You Want To See In The World

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      • Profile picture of the author kwality
        I have done the same thing with adsense on blogger blogs. I think the most important thing to making money is access to resources, not necessarily money.
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  • Profile picture of the author Andrew Wilson
    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
    If you were teaching a class and thus wanted to impart 'best practice' then I'd say that any business, including businesses that use the internet as a means of reachng one's market require money. After all, even things such as hosting require money.

    What is true is that one can exchange labour for money in some instances (sweat equity) it is not a universal truth. Life and business are much improved by the use of money. Money is a 'force multiplier' as it enables the user of money to buy in services from people well skilled at the service provision. For example, I CAN do my own link building, I can write articles but if I am better at writing articles than link building then it is probably better for me to pay somebody to do link building and for me to write more articles. This is a more efficient use of my time but I need cash to do this. I CAN do both and I accept that my business is, as a result less efficient than it could be.

    So, you do not need much money to make money but you will almost certainly need some!
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  • Profile picture of the author olorunoba
    True. If you dont have money?.How will you you make money.So you need money to make money.You must invest money to make money.
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  • Profile picture of the author gre8test007
    well...they say "money makes money"... but from my point of view
    you can also "lose it if you don't know how to use it" so it sound like a big FALSE
    unless... you invest it to >>>
    >>>LEARN HOW TO EARN >>> which by then you could say MONEY helps.
    well the bottom line is what you need is:
    to want to LEARN HOW TO EARN
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  • Profile picture of the author RDJLabs
    False for me.. I don't think we still need money to earn money. Maybe we need money to earn BIGGER money.
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  • Profile picture of the author Marketstriker
    In fact it's true, because anyway you need money to realize your idea. But you just need to know how to get money to invest in your idea. I agree with other warriors at this point of view.
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  • Profile picture of the author kwality
    I would hav to say that you need knowledge and access more so than money. But money definitely helps .
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  • Profile picture of the author Sandy Cormack
    You do need money...but it doesn't have to be YOUR money!

    That's what partners are for, and the whole 'broker' business model...
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    Sandy Cormack

    Creativity Training, Strategic Planning, Personal Development, Organizational Development, and Lead Guitar
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  • Profile picture of the author mine1718
    ya but partnerships can be disastrous, one makes money and the other asks where did it go????
    Signature

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  • Profile picture of the author Jay D
    false. I started off with no investment.
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  • Profile picture of the author palaki
    It depends on the situation.. But, not always , this is for sure.


    Originally Posted by richpeasant View Post

    Do you agree or disagree with that statement?

    Suppose you were teaching a class and someone
    said.....

    But you need money to make money.

    How would you reply?
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