Comments on: Money Myths We Need To Kill!

By: CreditShout

CreditShout — Wed, 30 Jun 2010 00:46:02 +0000

Way to bust these myths. I know a lot of people that believe in some of these, especially the first one. There’s a reason that the saying is “time is money” and not “money is money.” Right?

By: Ricardo

Ricardo — Tue, 15 Jun 2010 16:29:06 +0000

I don’t have a blog. I simply have the website. I put in a couple of thousand dollars to have the logo, the website design, and the website development completed.

By: Brad

Brad — Mon, 14 Jun 2010 04:42:26 +0000

I think the point about renting vs buying is a valid one. I agree that there are times when renting makes more sense. However, I believe the spirit of the statement lies in the fact that in the long run, most people will settle down and live in one place. When that time comes, it makes much more sense to own your place, than to rent it.

I just posted a piece of investment fallacies. I’d love for you to swing by and check it out MD. Love your site.

By: MD

MD — Fri, 11 Jun 2010 20:00:59 +0000

Having a little bit of money saved up definitely helps one invest into their business. Thankfully, these days you don’t need a million bucks to invest in your company. Small investments in eBooks/courses/consulting have yielded me decent results thus far.

What type of money have you invested into your blog?

By: Ricardo

Ricardo — Thu, 10 Jun 2010 19:40:47 +0000

I agree with you on all of them except the first one. You definitely need ambition, motivation, and great ideas to make money. But I feel all of them need money as a basis. To get a better job, you need a better education, which costs money (You may get a full scholarship but however, that is still money). To put your ideas on the back of a napkin is one thing, but putting that idea to use so everyone can see requires money. It is research, it is development, it is testing, it is marketing, it is cold-calling – all this equates to time and as we all know time is money!

There is no such thing as a free lunch because at the end of the day, no idea will come to fruition without money. Besides those who volunteer for goodwill, who else is working for free?

Not having money should definitely not deter you from pursuing your dreams or goals. It definitely did not stop me in creating the website that I currently have. So in order to make my website a reality, I saved as much money as I could to make it happen. Without the money, I definitely know it would not have been possible.

By: David consultant

David consultant — Thu, 10 Jun 2010 19:28:04 +0000

These are some great myths. There are costs associated with buying and selling a home. If you plan to move soon, those costs would be recouped only in a very hot, hot market. Best to rent. But over the long term for most people, this one is no a myth. Like so many things in life, the truth is “It depends…”