People like you and me have been asking the question for years. To us, speculating to accumulate money isn’t just irresponsible; it’s not possible. Still, every entrepreneur we hear tells us that we ‘have to take the plunge,’ and that ‘risk is healthy.’ Before we do walk the plank, though, we should at least know whether there is a method in the madness. Do we have to spend it to make it, or are there other ways to improve our personal finances? Let’s take a look and see what the experts have to say.
When it comes to making money, most people would agree that investments are good choices. And, I think we can all concur that there isn’t a cheap investment on the planet. Yes, some are less expensive than others, but they all require a lot of money. Anyone that wants to buy into the real estate market, for example, will need to spend thousands. And, as long as they read UMoveFree reviews and other unbiased sources, can afford the repayments, and choose a house in a beautiful area, they could make a killing. Of course, property investment isn’t a cakewalk as things will go wrong, but lots of people make a fortune too. In the case of real estate, there is no doubt that money helps to make an investment more lucrative.
Another strategy to supplement our incomes is to start a business. A company can grow and grow, and it can turn over millions if it survives the first year. However, the firm needs to spend big to survive that first year. Money has to go on employees, new technology, and outsourcing to save cash and that’s just the start. Once you start to think about the overheads and the licences and permits the true cost becomes apparent.
Hang on a minute, just wait there. Yes, at some point businesses will have to spend money on labour and office space, but they don’t have to at the start. At least, that’s what a lot of top entrepreneurs think. Lots of companies these days commence from humble beginnings – a dorm room for example – because it’s possible to run a startup from home. All anyone needs is a connection to the internet and products to sell. Mark Zuckerberg didn’t even have a product to sell and he’s a billionaire. We might have to spend money in the future, but we don’t have to speculate to create a successful startup. And, they can grow into industry leaders just like Facebook.
There is one final rebuke to the idea that we have to speculate to make money, and it’s simple. Saving money is the complete antithesis of spending. Despite this, people have put money aside for a rain day for years, and still do to this day. And, lots of people have saved a fortune over the course of these years. It might take a lot longer to bear fruit, but it doesn’t cost a penny.
The final thought is that we don’t have to spend money to make it because there are great alternatives.