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Debunking the Money Myth: It Takes Money to Make Money

Missing piece of a $1.00 bill puzzle.

From Ash Cash, personal finance expert, speaker and bestselling author.*

Does it really take money to make money? Think about it, what finished product starts and ends with itself? Take cake for instance. Does it take cake to make cake? The last time I checked, it took a few eggs, flour, a bit of oil, some butter, a dash of vanilla, baking soda, sugar, and depending on what you like a hint of chocolate. Mix it all together, pop it in the oven and bam – cake. There is no ingredient called cake to be found on the list. It is the combination of a few things and some heat that creates the cake. And the same is true with money. Here are a few ingredients on that list.

Healthy Money Mentality. Money will never find you if you think it away. Many success enthusiasts believe in the power of the mind. From Will Smith to Napoleon Hill, those we consider financially successful consider thoughts to be one of the most important factors in achieving goals. You have to believe riches and wealth belong to you far before you can physically experience it.

Understanding of Purpose. It may be a bit hard to apply the cake concept here, but I will sure try. A cake is destined to be a cake. Every time you combine the specific ingredients, you will get a cake. Because well in this article cakes have a grand purpose and specific destiny. You have to know who you are and what you were created to do. Reason being, even if you find the financial success, you will not be happy achieving it outside of your purpose. Know who you are and what you were created to do.

Creative Idea. Out of knowing your purpose comes witty inventions. Ideas are things that solve problems and people will pay to have their problems solved. Often times ideas are natural gifts that you don’t have to pay for.

Leap of Faith. Go for it. When you discover that idea, go for it. Just start.

Persistence. It takes 10 years to be an overnight success. In order to achieve true wealth, persistence is key. Whether its building a business or simply saving money, you must make a commitment to never give up.

*The opinions/views expressed by Ash Cash are not considered opinions/views of BMTX, Inc., a wholly owned subsidiary of BM Technologies, Inc. BMTX is not a financial advisor and individuals are urged to obtain and consult their own financial advisors.