Another False Idea -
It Takes Money
To Make Money
The idea that it takes money to make money is a false one. This is a common knowledge idea (which are usually wrong). When you are in the situation of living within a tight expense budget and you don't know anything about any "business model", it certainly does seem like you need money to make money. It also seems like there is a lot of risk involved (and given the circumstances, I would agree).
This whole idea leads most people to believe that investing is risky. In reality, the more knowledge and experience you have, the less risk that is involved and the less money that is usually required. This is true no matter what business model you choose to pursue. It is all the learning and preparation that take place BEFORE an investment that determine the profitability or non-profitability of the investment.
The Difference Between
Investing vs Gambling
Investing is only risky when the person making the investment has no knowledge or experience handling that type of investment. Than the investment may require lots of money and risk.
The less knowledge and experience a person has, the less control they have over the possible outcomes. The less control they have over the outcome, the less certain they are of the outcome. Whenever you invest your money into a situation where you are not certain of the outcome, you are not really investing, YOU ARE GAMBLING.
It is important you do not confuse gambling with investing.
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