Do You Need Money To Make Money?

[jjgold]

Seems like do in most cases

[stevek173]

Short of hitting the lottery or marrying into it/inheriting $ it's the truth J

Old washed up broke ***** like ourselves are resigned to this life of misery for the long haul J

Get used to it

J we both had decent runs at times with the women and the money

the economy has hit us and aging is a part of life

we always have our memories

[will2survive]

no. a specialized skill and possibly luck. Having money makes it "EASIER" and affords you more flexibility, opportunity, and the ability to "not be perfect" but yet be successful--good luck


NOTHING SUBSTITUTES FOR HARD WORK

[LostBankroll]

[BettingGeek]

hell yea

[jrmartin.mig]

No, but it doesn't just fall into your lap like so many people wish it did. That's why people who work hard have money

[Tech N9ne]

Hell no

[MB]

Yes. All the hard workers I know still have shit to show for their efforts.

[pavyracer]

There is one thing for sure. You need money to lose money.

[King Mayan]

90% of the time. YES.

[onetrickpony]

[opie1988]

No. Most people born into money lack the work ethic it takes to either grow it, much less make it.

The majority of wealthy individuals I know are self-made entrepreneurs.

Saying you have to have money to make it is simply a cop out to make people feel sorry for themselves. If you're money motivated, you'll make it. That's how it works.

[BRAVES1985]

No. Most people born into money lack the work ethic it takes to either grow it, much less make it. The majority of wealthy individuals I know are self-made entrepreneurs. Saying you have to have money to make it is simply a cop out to make people feel sorry for themselves. If you're money motivated, you'll make it. That's how it works.

good post opie

[DiggityDaggityDo]

Nope. All it takes is one 8-teamer.

[LostBankroll]

dont nobdoy nobody **** wit my kitchen

[LostBankroll]

[onetrickpony]

dont nobdoy nobody **** wit my kitchen

ayeee ok

[sweethook]

sure

[doublej95]

hard work, there is no short cuts to success

[Hoja Verdes]

As someone about to open a small business that I am 100% confident will be successful, I say yes. The SBA is too cumbersome, so thank god for venture capital firms that support entrepreneurial people. Without their $650k, there's no way my dream could be realized.

[thejrichshow85]

Yes.

[UntilTheNDofTimE]

Yes because you need to obtain start up capital by working(money) or getting invested in(money)

[louie dog]

the rich stay rich

[lemart5]

The rich get richer .

[Hootie Johnson]

Haves and have-nots can usually be traced back to dids and did-nots.

[topgame85]

usually yes. If you want to make 10k and you have 200k you need to only find a low risk investment with a 5% return if you have 10k you need to take a huge gamble to try and find something you can double your investment with 100% return at and most times would end up -10k instead of +10k. The mor money you have the less risk you need to make any set amount of cash.

[beanbag]

Not if you have a job... Any other way.. Yeah

[Hoja Verdes]

usually yes. If you want to make 10k and you have 200k you need to only find a low risk investment with a 5% return if you have 10k you need to take a huge gamble to try and find something you can double your investment with 100% return at and most times would end up -10k instead of +10k. The mor money you have the less risk you need to make any set amount of cash.

I disagree. Your example only applies if ythe guy with 10k is trying to make 10k more in a single investment, bet, etc. If he is gambling, he would be better off making bets with a $500 unit size and trying to make 20 units over the course of a season.(still not good strategy though)

Id instead use this example...

The 10k guy takes 3k and buys basic landscape equipment assortment, then spends an additional 1k on marketing. Keeps the other 6k as backup for maintenance, gas, oil, etc. Or buys a reliable used pick up truck for 3k. Then he works his ass off after work and on the weekends and could make 10k cutting grass over the course of a summer. Great for college students, teachers, or others with free time in the summer...such as ttwarrior.

[Dutch]

I know folks who put $200 a month into the stock market and never really get anywhere even if they make good buying decisions. By the time they're ready to die they might have a millon saved up.

I also know people who inherited $500,000 worth of stock and pay people to take care of their portfolios and are able to live off of it.

Hard work goes a long way, but money upfront sure is nice.

[topgame85]

We are not loking at the same form of making money HV, I see your point but a 5% return investment is generally extremely safe and can be made with no work, of course the guy with 10K could make 10k but he is either going to have to take a large risk or put in a LOT of grueling work whereas the guy with 200k can buy into almost any safe investment tool and make that same amount in a relatively short time with 0 effort.

[underthe total]

you need to have money to gamble

you do not need money to become rich, just hard work, and determination

[mw00]

unless you have a vagina between your legs...then yes you do.

[jjgold]

Good responses so far men

As far as gambling I think you need money to make money

As far as business like Opie says hard work has to count for a lot

[Hoja Verdes]

Good responses so far men

As far as gambling I think you need money to make money

As far as business like Opie says hard work has to count for a lot

Well said.

topgame, you're right, I kinda pulled that example outta my ass.

My former boss used to say "there's a big difference between making money and building wealth." With that being said, he bought a $7mm investment property to rent in 2005 hoping to rent it to tenants and thus build wealth by having it paid off in 15 years. He and some investors put $1.2mm equity into the deal.

About 6 mo ago they had to hand the keys over to the bank. Real estate market here crashed and the tenants they thought would pay $5psf suddenly could get comparable warehouse space down the street for $3psf starting in early 2008.

That $1.2mm in equity...poof...gone. So ill also say that even when you have a lot of money to invest, there's no such thing as a free lunch.

[VegasVixen]

As someone about to open a small business that I am 100% confident will be successful, I say yes. The SBA is too cumbersome, so thank god for venture capital firms that support entrepreneurial people. Without their $650k, there's no way my dream could be realized.

I opened my own business 2 1/2 yrs ago, in the worst of the "recession". Best move I ever made

Work smarter (not necessarily harder) than your competiton, make your customers like you, and never look back... Best of Luck!