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You need money to make money, do you agree?

Discussion in 'BlackHat Lounge' started by GoodBook, Oct 16, 2019.

  1. alexa_s

    alexa_s Power Member

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    Everyone starts with 0 so that's a pointless discussion. You don't need money to make money. If you have 5 bucks and want to make millions(strawman argument btw) money won't help you and whatever you invest you'll probably lose anyway.
     
  2. flprocess

    flprocess Newbie

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    Take into account most small businesses stop trading in their first 3 years. so you can have the time and the money (small or more) and a great idea but not everything you will do will generate 1000$/m. with that said I totally agree - you need to start small and invest time and effort to grow. if you start big most chances (by statistics) is you lose big. I know a guy who started 16 years ago with a small webhosting reseller account and grew to become one of my country's biggest webhosting companies and now have 20 employees. on the other hand i know many (many!) who failed.
     
  3. VY CMa

    VY CMa Registered Member

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    No, you need money to get girls.
     
  4. jstover77

    jstover77 Executive VIP Jr. VIP

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    When I started back in 2007, I had about $25K I had saved and a credit card with around a $20K limit for backup. That being said, I had a clear business plan and a mentor, who helped me with an exact business model that was making him around $500K per year. Now, I wouldn't exactly say I got lucky, because my mentor just happened to be a drunk, who had an affinity for strip clubs and any drug you put in front of him. After 6 months of launching my business, he died in a drunk driving accident, so I was on my own. Luckily, I had somewhat established my business and learned enough to be self reliant and run my business even better than he did. The rest is history and it's been a pretty good life ever since.

    Could I have done it without cash..definitely not. There were some start-up costs. Compared to conventional brick and mortar businesses, it was minimal as you can start your own online business for much less than conventional businesses. There are certainly people who have have become full time IMers with little to no cash. They are definitely the exception and not the rule. It's certainly much easier to start online if you have some cash to invest, but again, if you are smart with your money, you can do it for very little.
     
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  5. JhonK

    JhonK Newbie

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    I agree with your post.
     
  6. Emiya

    Emiya Registered Member

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    I think that all what you need is time, luck or / and money. For example: I started an online business with just my pocketmoney (domain and webspace) set up a nulled vbulletin cms and started advertising on many niche like projects. Now I make more hundrets of euros monthly. Nobody can tell you how you have to do things or what do you need to get bigger. In my opinion you need fun to making projects.
     
  7. Luca Jones

    Luca Jones Jr. VIP Jr. VIP

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    Kind of a yes and no. The real first time I made money was without money. I used a free domain name that costed 0$ and promoted it until I knew that it was really possible, then with my own earned money I bought a real one and moved on from there.

    So yes, you kind of need money to build your bussiness into a better one and into a real bussiness but no, you can still actually make money without money :)
     
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  8. oatmeal

    oatmeal Power Member

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    Think about making money like becoming knowledgeable/intelligent.

    Nobody is just born and suddenly has the knowledge and experience of a 50 year old expert no matter how smart you are.

    It takes time and you have to acquire things over time.

    Of course there is the 0.01% of people out there that can go from zero to hero overnight but that's a very rare
    odd case of luck, smarts, being in the right place at the right time, having connections, timing, etc.

    But pretty much in life, everything takes time to build, but some can do it faster than others.
     
  9. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    In majority of cases, this is true. I was reading about how much returns is realistic from a business, people mentioned that even 30-40% annual return is on extreme side. At such, more capital you have, higher will be the returns.
     
  10. James2774

    James2774 Junior Member Premium Member

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    Keep hustling your low wage job or backup while you work on the dream or businesses.
    One thing you should all do is build your credit score, you dont need money to do that, just time paying your bills. Opening a small credit card or even a store card like a Macys card will build your credit.
    Youd be surprised what you can do with a great credit score, and with just a few k you can start so many businesses.
     
  11. BlackFromTheWaistDown

    BlackFromTheWaistDown Newbie

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    I firmly believe that we're in the long haul in an era where you have to have multiple forms of income. Patience and consistency is key, and you surely don't want to over extend yourself, but you've got to do like 3-5 "jobs" these days.

    I've learned to embrace it and love it.
     
  12. HustleTong

    HustleTong Jr. VIP Jr. VIP

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    After a certain timeframe, money starts growing exponentially & you'll likely have to invest less. But honestly, making money without money is quite difficult.
     
  13. br3ach

    br3ach Junior Member

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    Either money or time (plus something that other people actually want, be that content or skills)
     
  14. FatBee

    FatBee Jr. VIP Jr. VIP

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    All i had is cracked photoshop in my hands back in the days i made my first dollars.
     
  15. Backlinked

    Backlinked Jr. VIP Jr. VIP

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    Yep. its quite hard without money.
     
  16. Johnsmith999

    Johnsmith999 Newbie

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    I would say - need to work hard and smart and consistently until goal is achieved.
     
  17. tubeboost

    tubeboost Jr. VIP Jr. VIP

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    Yes, absolutely you need some money at the beginning of any project.
     
  18. mqsss

    mqsss Regular Member

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    The more money you have, the more chances of making big money you got.

    The more money you have, the more money you can lose. Think about that.
     
  19. Arpan Mondal

    Arpan Mondal Junior Member

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    You do not need money to start. You need money to make more money.
     
  20. zimba

    zimba Jr. VIP Jr. VIP

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    No you need knowledge to make money. Time = money so if you don't have money you can start doing things yourself in the beginning. If you have money it will be faster but you will fail anyway money or without if you don't have knowledge