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money is required to earn more money?

plz tell money is required to earn more money

11 Answers

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  • 1 decade ago
    Favorite Answer

    Absolutely not. There are 4 ways to earn money, 2 which are active and 2 which are passive. The active ways are as an employee and as self employed. The passive ways are as an investor or as a business owner. The active ways often require little to no upfront money. However, the passive ways often do. Many individuals have started with nothing and worked in the active stage until they had enough to move into the passive stage.

    Source(s): Robert T. Kiyosaki's "Rich Dad, Poor Dad"
  • 5 years ago

    2

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  • 1 decade ago

    Yes, definitely. You need an education, presentable clothes, and a haircut to get a job in the first place. To start up your own business, you need startup capital to cover your overhead costs. For any product or service you sell, you first have to pay the cost of the materials. You can't make more money without having some to begin with.

  • 1 decade ago

    oh definitely. With money, you can make more money easily. Because with money you can invest in something. IF this investment is good enough, then your money will grow by itself. This is called passive income where money does the work for you.

    Your other option to make money is time. I.E. employment (you give some company your time and labor and they give you money). Take the time to make someone else's money grow and make yours grow as well.

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  • Anonymous
    5 years ago

    For the best answers, search on this site https://shorturl.im/awVeh

    Answer: Not all are required to pay taxes. Minimum wage earners (individual) are exempted from paying income taxes. Business conducted as the very source of living (example, small sari - sari store) are also exempted from paying business taxes. To be taxable, you must attain or exceed the requirements set forth by the tax laws in the Philippines.

  • Anonymous
    1 decade ago

    Money,luck,labour needs to earn more money

  • 1 decade ago

    Money is always required to get things rolling.However, it does not always have to be YOUR money.

  • 1 decade ago

    Definitely, you have to have some money to make it growth, you can't make something from nothing!!!

  • Anonymous
    5 years ago

    Get Paid From Surveys - http://onlinesurveys.uzaev.com/?FYon

  • 1 decade ago

    if you work hard for somebody, then no.

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