Money makes money. Is it true?
- Thread starter dadecotti
- Start date
DixieMarketing
Regular Member
- Oct 11, 2013
- 310
- 174
To a point it is. Sure you can make money starting with nothing but you are not going to make big money to start with without investing and then it takes a long time to build up the cash to really expand quickly. You can make money without it but it takes much longer and hard to ever really get rich without it. But not impossible.
Elon Snup
Elite Member
- Dec 13, 2010
- 4,669
- 3,110
I wouldn't say it's that simple.
If you make money by working hard (online), or investing wisely, then you got more money and you can make even more.
If you inherit money, or work a regular job and invest that money in a project / Im / stocks, then nothing is guaranteed.
I believe the person behind the action is responsible. To summarize:
- Smart + Money = More Money
- Smart + No Money = Some Money (can continue after)
- Dumb + Money = Russian roulette
- Dumb + No Money = No Money
If you make money by working hard (online), or investing wisely, then you got more money and you can make even more.
If you inherit money, or work a regular job and invest that money in a project / Im / stocks, then nothing is guaranteed.
I believe the person behind the action is responsible. To summarize:
- Smart + Money = More Money
- Smart + No Money = Some Money (can continue after)
- Dumb + Money = Russian roulette
- Dumb + No Money = No Money
Last edited:
SnoopyDrew
Supreme Member
- Jun 25, 2014
- 1,289
- 795
I am very stingy about where I spend my money and how much money I spend. I love saving and always avoid spending as much as possible. I think that is my where I go wrong. Sure you can make good money without investing. It might be more time consuming in the long run. If you think about it, time really is money so you are losing money by not investing.
Just my two cents
Just my two cents
crazedspyker
Senior Member
- Jan 5, 2010
- 1,004
- 661
Without money you have 24 hours in a day. With money, you can leverage time and have 100+ hours a day (work hours). So I guess yes, money does make money if you know how to make it work for you.
MidtownMan
Regular Member
- Jul 13, 2015
- 385
- 158
It depends, in the IM world we tend to need money to make money. At least to profit a substantial amount. If you have a blue collar job, one will use their time to make money. Compared to investing/spending to profit. I turned my last $30 in my name to a very profitable eBay business. In conclusion, in IM money with the right mind set = Faster Profits.
sakif
Regular Member
- Dec 25, 2012
- 224
- 52
+1 for this, everything you said is the truth!
Sythix
BANNED
- Sep 29, 2014
- 1,311
- 819
If you want to make some "real" money, like with any business, you have to invest and throw a little money around. That's just the way it is. Some people get extremely lucky and make a ton of money with little to no investment at all, but we are talking like a less than %1 chance of that happening.
onelettershor
Supreme Member
- Aug 4, 2015
- 1,300
- 454
obviously once you find something that works, when you scale up it's wise to invest more money
moonshine7000
Elite Member
- Mar 4, 2013
- 3,894
- 3,536
In a way yes.Time is a form of money(energy).
blogzandstuff
Elite Member
- Jan 1, 2015
- 10,760
- 6,916
Difficult one this, i know millionaires who started with nothing and build huge businesses from scratch and people who threw huge sums at businesses only to lose the lot. One person i know lost everything because he was convinced his idea would work, he now lives back with his parents after losing everything. It all boils down to researching and understanding the market you want to go into online or offline.
Aty
Elite Member
- Jan 27, 2011
- 7,631
- 5,300
I have no money (wife takes it all). Does that make me dumb?
Pretty sure it's the Jr VIP monkey generator where the big money is.
OP, yes I think it helps. You can make money without money but whether you're selling online or offline, a product or a service you've either got investment in inventory or in time. Both of those have a value. That doesn't mean you'll have to stump up vast amounts of cash to make something work but its hard to scale something up without investment but that could just mean putting profits back into your business to use in advertising, stock or extra manpower (staff or affiliates).
If you invest in a right way then can you get a better feedback. If you agreed to invest then you can start with a site. Hire some experienced freelancer for your site development like design, content writing, SEO etc. Overall, invest in a right way...Must it will help to make more money.