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Author Topic: Idea and money are very important to investment.  (Read 2008 times)
bbigtart
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January 27, 2024, 06:10:07 PM
 #241

In fact, ideas and money are interrelated and cannot be separated to achieve financial freedom in old age. Because with ideas you can make money and with money you can invest. There is an opinion that without money your dreams will not be successful, and vice versa, if you have money but no idea then your money will just run out without being able to create income from that money.

So when you already have ideas and money, you also need a strategy in investing. Whatever type of investment you decide on, I think the main message here, or for me, is to start investing no matter how small. Don't rush into anything you're not completely sure about. Of course you can always build from there. Because in investing, diversification is the key. you are interested in key things based on performance and growth projections. don't invest all your money in a particular investment, diversifying into different investments is the way to go.

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Egii Nna
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January 27, 2024, 09:27:34 PM
 #242

I was thinking that if you have money you can make a good income from any investment in the world without someone having the idea, until I met one young wealthy man in the flight yesterday and he saw me checking some coins price in my cryptocurrency wallet, and he begin to ask some questions related to cryptocurrency and, I responded to him in a way he begin to show some interest in cryptocurrency investment. Based on some orientation I gave to him in the flight made him to return the money I paid for flight when will got to our destination because, he gained some ideas from me in the flight that made me to bring this topic, Is there any way someone can survive only in money in a particular investment without acquire idea? Because I know that idea and money are very important to investors.

If you have idea on a particular investment, it will help you to follow the straight way that will lead you to some stage that will make you to believe that you are close to your destination of greatness, and if you have money and idea, very easy for you to grow higher in your investment which the two are very important to investors because, you will know the type of business to invest your money which you have the idea that it will bring a good profits to you in the future. Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

Having money is never enough to be successful in this life. That is why you will see many wealthy people have personal advisers. I was even surprised when you said that the young wealthy man was not aware of cryptocurrency because it is very rare for someone who is young and living in the 21st century to have no idea about cryptocurrency, talk less of even a wealthy man.

But that is not what we are presently discussing. Having money without ideas to invest more in other things to get good profits is like having a car without an engine. That is, it is of no use because you will end up using your money in the wrong way, and it will be very hard for you to identify that you are not doing the right thing because you have no idea how to invest and get rich. All I will emphasise is that other rich people and wealthy people should always have a trusted and accountable personal supervisor who will give you ideas to find ways to get more profit than before.

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January 27, 2024, 11:26:52 PM
 #243

Ideas and money are beneficial to each other, and vice versa. Ideas can bring out money, while money can also bring out ideas. Example: a rich man and a man who is an entrepreneur. An entrepreneur brings his idea into business and shows how he can earn money. From that, if he can manage his business and money efficiently, it can lead to his success in life. The rich man has a lot of money; he has businesses and investments, but because he has a lot of money, he will not stop to have more ideas, build ideas, or seek ideas to make his network grow. See the bond between the two things? Idea can be money, and money could also make you think of an idea to grow your asset. But of course there are also people who have the idea but sadly can't execute it because of a lack of money, while some might have the necessary money but can't think of an idea to grow the money. That's why in corporate idealistic people and the upper man who has money are together to make a profit.

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January 28, 2024, 01:09:26 AM
 #244

Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

Both ideas and capital are crucial for successful investments. Ideas guide us towards promising opportunities, while capital makes those opportunities a reality. When these two elements work together effectively, they lead to better outcomes.  Grin

While it's technically possible to achieve investment success solely through money, it requires a vast amount of capital and a significant trial-and-error approach. Spreading your money across many investments might eventually yield a gem, but the probability is low, and you should expect significant losses along the way.

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Zanab247 (OP)
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January 28, 2024, 04:57:41 AM
 #245

Quote from: Kurt Bernier
How do you see the importance of having both ideas and money in making successful investments? Share your thoughts!
Before going into that particular business or investment ensure you achieve the idea on how to run the business to become an expert in the future before investing your money because, many people have loss their capital on a particular business because they feel putting money on that business or investment without idea  is the best which is the wrong decision.

If you read the topic very well you will see some thoughts I shared about the man I met in the airport and he discovered I was busy checking the crypto market in my phone that draw his attention to please me to impact him about the investment which I did because the man has the money but him lack crypto knowledge.

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January 28, 2024, 05:50:04 AM
 #246

Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

Actually, money is not everything and those who have special knowledge are able to bring in money with their intelligence because other people need it, meaning they can attract funding. It cannot be denied that it plays a role, but it must have strategy, insight and innovation that drives decision making and of course it depends on the investment landscape.

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January 28, 2024, 06:50:13 AM
 #247

Both ideas and capital are crucial for successful investments. Ideas guide us towards promising opportunities, while capital makes those opportunities a reality. When these two elements work together effectively, they lead to better outcomes.  Grin

While it's technically possible to achieve investment success solely through money, it requires a vast amount of capital and a significant trial-and-error approach. Spreading your money across many investments might eventually yield a gem, but the probability is low, and you should expect significant losses along the way.

Yes none of these can be ignored if one wants to become a successful person as if you have money but are unable to make ideas and think accurately then your money will be at risk but if you have ideas but no money then perhaps you feel sorry that you are unable to any investment.

A person can learn all the things and there is nothing impossible in life but one should remember that everything has an appropriate timing so if you are waiting that you will invest after retirement then it will be too late because early you save and invest more you will be economically successful.



 

 

 

 

 

 


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January 28, 2024, 07:17:09 AM
 #248

he gained some ideas from me in the flight that made me to bring this topic, Is there any way someone can survive only in money in a particular investment without acquire idea? Because I know that idea and money are very important to investors.
That statement if you have money you are already an investor is real unless you are not willing to invest, their is one thing that most rich people do which increases their wealth, they have the money but they don’t have the brain and idea to make out things which can turn the money to something profiting.

What most of them do is, they look for some creative minds which have something to offer and lack the resources to bring that thing into reality so they will have to go into an investment agreement with the person, the person’s idea + his money they can be able to be a great partners together, the one who have the idea for the business will be incharge why the rich person will stay at home and allow his money to work for him it’s simple if you have the resources you can make investment even into things you don’t have knowledge about and you will be successful.

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January 28, 2024, 07:35:35 AM
 #249

You've had a good experience, I agree and it's true, everyone wants to have a company that is durable, sturdy and has weathered the storms of the market. Money is like the foundation, walls and pillars. While ideas are like the roof and the support that connects the two. There needs to be continuity and strength from the base and elastic in all weather, that's like. So that when there is collaboration with other companies, including raising promotion, it will support because the company is well endorsed or improves quality and service quickly. That's what is called a welcome opportunity with readiness. Or you can finance it together with maybe family members and close relatives so that when a business succeeds it will be more comfortable sharing ownership and profits.


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January 28, 2024, 07:39:46 AM
 #250

Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

Actually, money is not everything and those who have special knowledge are able to bring in money with their intelligence because other people need it, meaning they can attract funding. It cannot be denied that it plays a role, but it must have strategy, insight and innovation that drives decision making and of course it depends on the investment landscape.

Yeah, with great  idea you can create money making system  that investors will support you,  either to invest with your idea or they will purchase it and use it for their business,  though it's an edge to have both money and idea as you can execute everything and establish a money making investment or business, it's more on pure knowledge and capabilities to achieve goals with the help of both idea and money that you can use to create your own business and make it successful using that knowledge that you possess.

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January 28, 2024, 07:46:02 AM
 #251

Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

Actually, money is not everything and those who have special knowledge are able to bring in money with their intelligence because other people need it, meaning they can attract funding. It cannot be denied that it plays a role, but it must have strategy, insight and innovation that drives decision making and of course it depends on the investment landscape.
Actually, skills attracts money if properly used and developed. People must be smart enough to have unique knowledge and skills to beat others. We all know that sometimes things may become a competition without us knowing that is why we need improvements, dedication, perseverance, consistency and knowledge to attract a whole lot of money.



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February 01, 2024, 08:35:46 PM
 #252

I believe that the idea is the main essence of successful investments. The opportunity to combine capital with a quality idea creates a powerful resource for growth and prosperity. Even with funds available, without a clear strategy or idea, investments may prove to be less effective. Thus, in my opinion, ideas and money play a crucial role in investing, providing not only a financial foundation but also a strategic direction for successful outcomes.
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February 01, 2024, 11:06:10 PM
 #253

   In the era we have now, I just noticed that most investors just invest without doing any research. The only method they use is their instinct: if they think it's okay or they are hyped, they will decide to invest right away, or if they know or have a celebrity who has endorsed them, they will invest, which, after all, is just a trap, so they fall into the trap.

   That's why, as investors, you must know how to recognize an investment, whether it is legitimate or not. You must have an idea, because this idea can depend on the growth of money that we will use for an investment that we will see.

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February 01, 2024, 11:24:13 PM
 #254

Yeah just having an idea doesn't work if you don't have enough money because any business whether small or big needs capital even if it's a small amount. Without capital it is not possible to move the business forward. So before starting the business think about how long it will take for your business to start earning. If it is one year then you have to think about capital your business will need this one year.
This is true when we wan talk about business and startup we need both the idea and the money to start with, but their is one thing we also need to understand that the idea for the business is what’s most important and you can have the idea and don’t have the money and you can sell that idea for money, and when it come to business you can have the idea and the other person will have the money which both need to add up in other for them to be able to start up that business it happens like that sometimes.

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February 02, 2024, 02:19:12 AM
 #255

Yeah just having an idea doesn't work if you don't have enough money because any business whether small or big needs capital even if it's a small amount. Without capital it is not possible to move the business forward. So before starting the business think about how long it will take for your business to start earning. If it is one year then you have to think about capital your business will need this one year.
This is true when we wan talk about business and startup we need both the idea and the money to start with, but their is one thing we also need to understand that the idea for the business is what’s most important and you can have the idea and don’t have the money and you can sell that idea for money, and when it come to business you can have the idea and the other person will have the money which both need to add up in other for them to be able to start up that business it happens like that sometimes.
If we have a business idea that attracts other people to invest in the idea we have then this will be very profitable for us, but the idea we have has really been tested and has high interest from consumers, because if the ideas we have are very few If you are interested, then it is very unlikely that other people will buy the idea that we have and it would be better if we had both. We can start it ourselves with all the plans that we have made for the business that we are going to build. This will be more profitable than selling the business idea that we have. and we ourselves are very confident that the business can run well and give us the profits we want.

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February 02, 2024, 03:23:15 AM
 #256

He has money but no ideas, after hearing your explanation while on the flight he found an idea to invest his money. Ideas and money are like sand and cement in building a building foundation, apart from these two raw materials you need knowledge or iron to make a solid foundation. Idea obtained from several orientations that you provide cannot be immediately developed if he does not have the knowledge, he needs a recipe so that the investment runs perfectly.

People who have a lot of money do not necessarily have a lot of knowledge.  In fact, there is a businessman who focuses on one area to earn a lot of money, for example, he is in the culinary business, the education he received is not very high but he has experience or self-study and has a strong determination

Therefore, knowledge is very necessary to be able to jump in and invest in crypto.  If you get advice from other people regarding crypto investment, of course you need to learn first, because the amount of money you earn cannot guarantee that you will achieve success in other fields without the knowledge you have cultivated first.
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February 02, 2024, 08:04:46 AM
Merited by fillippone (1)
 #257

For real there are people who have money but no ideas to execute an investment plan.while some people have ideas but no money to execute there ideas both are very necessary in investing.then if you have both money and ideas the sky is your beginning point.
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February 02, 2024, 12:46:29 PM
 #258

People who have a lot of money do not necessarily have a lot of knowledge.  In fact, there is a businessman who focuses on one area to earn a lot of money, for example, he is in the culinary business, the education he received is not very high but he has experience or self-study and has a strong determination

Therefore, knowledge is very necessary to be able to jump in and invest in crypto.  If you get advice from other people regarding crypto investment, of course you need to learn first, because the amount of money you earn cannot guarantee that you will achieve success in other fields without the knowledge you have cultivated first.
Those who build a business with their hard work certainly lack an understanding of the science that they think about how the business they build can run well so that they can earn money from the business they have built.
If we decide to invest, of course it is very important to have knowledge about the investment we will choose so that we can carry out correctly what we will invest in and not make the wrong decision in carrying out the investment because if we make the wrong decision regarding the investment we make then this will be very detrimental to us and this mistake must be corrected if we still want to continue what we have started.
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February 02, 2024, 01:56:01 PM
 #259

He has money but no ideas, after hearing your explanation while on the flight he found an idea to invest his money. Ideas and money are like sand and cement in building a building foundation, apart from these two raw materials you need knowledge or iron to make a solid foundation. Idea obtained from several orientations that you provide cannot be immediately developed if he does not have the knowledge, he needs a recipe so that the investment runs perfectly.

People who have a lot of money do not necessarily have a lot of knowledge.  In fact, there is a businessman who focuses on one area to earn a lot of money, for example, he is in the culinary business, the education he received is not very high but he has experience or self-study and has a strong determination

Therefore, knowledge is very necessary to be able to jump in and invest in crypto.  If you get advice from other people regarding crypto investment, of course you need to learn first, because the amount of money you earn cannot guarantee that you will achieve success in other fields without the knowledge you have cultivated first.

Most investors don't really think about such things anymore because they have a lot of money and don't seem to feel like they are losing money. But there are also other investors who are very sensitive to their capital that is released for an investment, those who are very meticulous in their fund that will be used or allocated for investment.

That's why, when it comes to research, they are also serious about doing it, and once they see that an investment project really has potential, there is no doubt that no matter how big they put out, it will be fine because of the ROI they saw here.

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February 02, 2024, 10:30:32 PM
 #260

For real there are people who have money but no ideas to execute an investment plan.while some people have ideas but no money to execute there ideas both are very necessary in investing.then if you have both money and ideas the sky is your beginning point.
It is vice versa and at the same time, people have the idea and also the money. The issue of having money and no idea is rare because the rich are always full of ideas and that is why they keep getting money. You can not execute any idea without money you can not do anything without money the issue now is that things with money are even safer than does. And people have difficulty in investing in their ideas. You can not invest in an idea with money. and when you make an investment choice you have to do your finding before you end up spending money and not getting anything in return, the economy is getting worse. without critical analysis, you might end up being an investor.

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