It Takes Money To Make Money - True Or False?

Feb 16, 1975 -

"It Takes Money to make Money" seems like a good idea at first glance because it sounds as if people need to spend more money to be successful. Yet the truth is that if you truly want to make more money in any field, regardless of the field, you're going to have to spend more money. I remember when I started working for myself and didn't pay attention to what I was spending. The thing I didn't realize was that I was putting my money into a business that I didn't know how to run and didn't care about. At the end of the day, it didn't matter to me because I had spent most of it on the books, training and equipment I needed to do my job. If I hadn't done that, I probably never would have started to make any money. That kind of attitude is the reason many people make the big mistake of thinking that it only takes money to make money. This isn't true. You also need to have good skills in your field of choice and knowledge to be successful. You need to know the ins and outs of the field and be able to do the work. A business owner who doesn't have these things in his life will have no business at all. You can make money working for yourself in the short term, but the more time you spend doing it the harder it will be to keep up. And after you start seeing some money being thrown your way, you might begin to doubt yourself and think you can't make it happen. If you're not willing to spend the money you make then you won't succeed. I'm not saying that it's impossible to make money at home, I'm saying that it won't be easy. The best way to make it easy is to work for someone else so you have an employer to help you out. I was fortunate enough to work for two different companies in the past two years without ever having to worry about paying for training or books, even though I was earning a lot of money at the same time. Make money at home is a great idea. If you are willing to invest the time and energy it takes to learn and understand the market, you will be able to create your own successful business.

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