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Do you want to make money today? :)

It takes a lot of money to make money.

nevenash · 34 · 11436

richpulubi

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First of all, if you already have a lot of money, why would you want to risk the money that you have?  

In truth, you can make proportionately more money from whatever money you have. But it is true that you would need to have a cushion of liquidity to make your business survive. You know why?  Cuz no matter how carefully and thoroughly you compute and prepare for your business, SOMETHING WILL ALWAYS GO WRONG.  And you need money to correct or mitigate some failures.  That is why ALL  successful businesses have fairly frugal owners.  Cuz they know that all businesses have cycles of good and bad, and they have to be prepared for the latter.


poorguy

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i think it depends on the person why even though a person came from a rich family, and have lots of money, still strive to earn more, its because of the fulfillment and achievements that they can also earn money on their own, .... yung iba ginagamit na leaverage yung background ng family nila to push themselves na its in their blood kaya sila succesful, kahit they dont get any support from their parents sa business na nastablish nila, ...well baka meron kc parents nila ang nagpaaral sakanila in the first place,

nakakalungkot lang kung ang naistablish na business ng isang generation, will be lost by another generation....
Posted on: Nov 01, 2008, 02:40 PM
add ko lang ulit =]

thats why in our family, wala tumuloy ng business ng dad ko hehe hirap kc, pero if i could earn from other company, and add it to the earning ng company ng dad ko it would be better, than you all work and just get the same amount sa business nyo, ang i think i can get better compensation from other company, than my father just hiring another employee...



joss

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nevenash

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ako rin from scratch and also negative, ngayon may konting money na.

but i also believe it takes a lot of money to make really really really really LOTSSSSSSSSSSSS of money. syempre dapat may attitude and dreams to fuel your passion on making money....

kelangan nga pala kung from zero, dapat mataas credibility mo and confidence..tip lang :cool2:


I agree.. Having the right motivation to suceed is crucial.


spidermannn

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it takes a lot of risk to make a lots  money,,lalo na pag MAY :hello:
« Last Edit: Apr 26, 2013, 07:52 AM by spidermannn »


personalfinanceapprentice

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No. I also don't agree with the statement.

I think we can make money from nothing - like when we get a job :D

I do agree that we usually can't make big money from a small capital. (though very possible)

But there's a lot of small things - selling load, baking a cake or some cookies, selling old stuff, collecting and selling pet bottles - that can make us a small amount of money. And if we accumulate instead of spend we can make even more...


jpm247

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I think it takes some/a lot of TIME to make money. Dedicated ka dapat, hindi yung meron lang konting problema sa simula, out ka na. Hindi din pwede na kung hindi ka marunong, ayaw mo na kagad. Practice and learning the trick of the trade is whats going to makes you money. Planning is also essential. It's a must to dedicate time on these things even before starting. Its up to you if these things will cost you some/a lot of money. :D


ferrariEverest

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it takes experience, among others factors, to make money.
it takes great experience to make loads of money from so little.


personalfinanceapprentice

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So the formula is (roughly):

Time + Effort + Experience/Knowledge + money = money (hey, kinda like a normal job?)

So playing with the factors can result in various scenarios to go about it, right?

Lots of money + little effort + little time + Knowledge/experience = Lot of money

little money + lots of effort + lots of time + lots of knowledge/experience = Lots of money

Did I miss something?


hanson15

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LianneAtTheWiseLiving

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I'll join the discussion, ha? :)

In your job, it takes a lot of talent, time and expertise for you to make a lot of money. Having a lot of money is not a pre-requisite for you to make more.

In your product-centric business, it takes a lot of passion, time and guts to make a lot of money. You need a fair amount of money here to get started. Make sure you have enough - sometimes kasi, having more money pressures you to spend on the non-essentials, so it's not very wise.

In your service-centric business, it takes a lot of passion, talent, expertise, time and guts to make a lot of money. You are not going to be producing substantial products from raw materials so you don't really need a lot of money here. Having connections is great, though. :)

It's fairly easy to make money. The hard part is saving it, investing it and spending it wisely. ;)


Wills

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I'll join the discussion, ha? :)

In your job, it takes a lot of talent, time and expertise for you to make a lot of money. Having a lot of money is not a pre-requisite for you to make more.

In your product-centric business, it takes a lot of passion, time and guts to make a lot of money. You need a fair amount of money here to get started. Make sure you have enough - sometimes kasi, having more money pressures you to spend on the non-essentials, so it's not very wise.

In your service-centric business, it takes a lot of passion, talent, expertise, time and guts to make a lot of money. You are not going to be producing substantial products from raw materials so you don't really need a lot of money here. Having connections is great, though. :)

It's fairly easy to make money. The hard part is saving it, investing it and spending it wisely. ;)

Very good point. Case to case basis.


davaoacpa

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I don't believe in this statement. It takes a lot of guts to make money. But I do believe that sometimes or in some cases it would take an experience to achieve your financial goals.


rexwal

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In all honesty - it is about building a 'moat of protection' meaning others cannot enter your space and steal your %markup and %margins.

Why are internet cafe's bad businesses? there is a small moat (E.g. many people have the expertise and can afford it)

So you can go two routes (or combine)

a) Huge expertise advantage - Few people can do it, so very few people can enter (e.g. 3D Printing expert for the Medical Industry, or something in an extreme niche). Here there is little incentive for big business to enter (as it is a small niche that requires a lot of expertise)

b) Huge capital advantage - Tollways, Power Utilities, etc

Bad businesses to enter are those where it is easy for people to 'me too' - this will eliminate your margins. Hence Internet cafe's charging PHP 20 / hour :/


 


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