Topic: Idea and money are very important to investment. - page 14. (Read 2020 times)

well yes those wealthy people can and will easily employ people who have the ‘idea’. They have advisors who advise them where to put their money but otherwise they probably wouldn’t know what can be a good investment

They can survive with this because they’re already rich and most likely will stay rich because people who do not have any idea are people who were never forced to have one i.e generational wealth

they can survive but i don’t think they’ll succeed since it’s their money it’s very important that they’re the ones to make decisions regarding it advisors can only do so much for their money besides some of their employees might be lying to them or scamming them but they wouldn’t know because they don’t know how it works

Even the worst idea could be executed very well with right amount of money and right amount of work with skillful people. And even the greatest idea will just sit in someones head without money at all. However, you need to remember that, just money doesn't make money, there are a lot of people who bankrupted after being rich, and that's the important lesson to get from this. You need to have money AND also end up doing the right work, its not the idea, idea can be anything, but you need to actually execute it very well, if you do that then you can turn any idea into wealth. This is of course very hard, you need to end up being very well at what you do, along with money.

TBH, i think when you have the money any good idea could come. The both of them are necessary for good investment or business but one has more priority that the other. There are lots of people with good business idea but they lack the money tp start it up. After a while this idea becomes a irrelevant and they forget about or lack the zeal to do it anymore. As someone who wants to go into Investment looking for a good job that could help you save money for your investment plans should be a criteria. I understand that saving money for business could take long especially when your income is low, so if paraventure you were able to save enough money more good ideas and business plans will come across your mind, but this time you will implemented them once you have chosen the business or investment you want to go into.

Let's get it real.

If you are generalizing all ideas to be bought by investors, it's not like that. Someone who has a good idea can make things work but it's not guaranteed that he'll make money from it.

And someone who has a lot of money and invests into someone's idea, it's also not guaranteed that he'll make money. Let's just dig into reality that even someone has a lot of money and has various huge and enticing ideas, that's not a gateway for them to have a guaranteed success.

You have mentioned "investment" and it always comes with the term, "risk".

If you take a look at some of the people behind some of the most important inventions on the history of mankind you will see that most of them hardly benefited from their invention, and instead it was those that invested in the development of that invention the ones that made the most money out of it, so you do not really need to have the combination of imagination and money in order to thrive, one or the other is just fine to produce massive profits if you know how to leverage it.

Money and idea are both necessary before venturing into any investment or be it some kind of businesses. But in a case where one has to be at the front line then money becomes the ultimate and is regarded as the primary resource to any investment planning.
In terms of business, you can have the funds and not have the idea and intelligence on how it operates, this is where managers come, they run the affairs of the business and make decisions for the growth of the business. But in a case where the person has a well knowledge and intelligence on running the business and is incapable of providing the capital then it becomes useless.

Narrowing down to Bitcoin, same thing applies. Ideas are needed but the money becomes the better option. You would do better than the average when better ideas keep coming, so I will say they work together to become more progressive but money should come first

"No duh" comes to mind when reading the thread title. The world resolves around business and money, but you don't necessarily need an original idea to be profitable. In some markets if you're able to reach a certain scale and undercut your competitors price, then you can potentially squeeze enough profit out of it to sustain a business. Ideas are often worth nothing however, until they are transformed into practice - so your friend does not owe you anything and many other people could have thought of the same concepts as you. If you think your ideas are so genius, then put them into practice instead of moaning and pretending they made someone else rich, it was the action that made the person rich, not simply the thought.

Investing is not just about crypto, and having the money will force you to look for a good investment and I’m sure that rich guy knows how to spend his money because you can’t be rich forever without knowing how to spend it.

You might be the lucky one sitting beside a Millionaire and get a free flight instead, I’m sure he learned a lot from you and that’s why he become more generous in return. Investing can be in many ways and crypto is just a one option there’s nothing wrong to ask since we all start here and for sure that guy is already asking his financial assistant to look for further details about crypto, and being rich you can easily hire someone to handle your finances and you’ll survive it.

You forgot the 3rd part which is momentum for an investment

Majority of people acknowledge that property is a decent investment but is it really a good investment to throw chunk of money into it as of now ? It is not because there are some better options on investment. The idea of having properties as part of investment or some other lesser options might come to some people with hard cold cash on their hands that doesnt know there are some better options but it might not always be the best option

10-20 years ago, property might be one of the best option


Well not really, the fact that the guy asked you about this was because he probably read about this somewhere else before deciding to ask you so it only occured to him because he is familiar with cryptocurrency before he saw a stranger opening up cryptocurrency from his phone tab. Otherwise he probably wont ask about it

First, idea is what creates money. That is to say whenever your ideas are being utilized it gives channels for generates income through direct or indirect by putting them into reality. Just as bitcoin was created out of idea which was put in place to form a meaningful outcome of a result that has led to a global recognition were people do tap the knowledge to form their own personal currencies such as altcoin out there. To make it briefly it's idea that gives birth to money because money can only be generate through a means of a collective knows or of a personal knowledge, so whenever the idea or experience is being achieve make money is inevitable because you already had the knowledge with you.

I would love you to re-read what you wrote!

But in the main time, for anyone to make investment it doesn't matter the independence of the person but what is really required is the goal or the bigger picture, as far as there is an urge for wealth increment then the capital and the idea must come based on what I said earlier you don't need to have the capital before you start or you don't need to have the idea yourself before you make an investment.

From what I have learnt from @franky1 investment can only be made to an already existing idea or business so for anyone to invest you do need an already existing plan.
Developing a new idea is equally not investing but generating Capital. 

Starting from a dream turns into an idea that is contained in a plan and is followed by an effort and ends in a result. And the name of the result depends on a process, and a good process, it does not guarantee that we will get good results too. But even so, it should not make you become desperate and resigned to the situation. So keep trying all possible ways that can lead you to the gate of success, never mind how many times you fall, but make sure you can always get up more. If you fall 10 times then make sure that you will get up 11 times.


Likewise in investing, if you often get losses, then immediately go to evaluate yourself and and continue to try to improve the ability as well as knowledge in making investments. So that you will always be able to increase the possibility of getting profits in the investment you do. Experiencing losses in investing is something that is natural, because after all in investment there is a risk and so that you can get profit in investing, then you must be able to take a risk.

A person should be independent in regarding the investments plans.

If he really wants to invest in he has a better portfolio and want to gain his portfolio even he has all the resources then he must be independent in this case if he can really start a business with his own money.

But if a person who didn't have a good capital and he is frightened from losing the money then he may be Collab's with those who have some great ideas and who can make his challenge to the next level in this way.

Idea and money work Viz vice. They are two paramount things that accomplished a business or investment, but note that each can stand on its own. For instance; You could have money yet no idea and you can have an idea but no money (capital), what is really important is you should at least have one. when you have money (Capital) but no idea (like the rich people who inherit wealth) you can ask people for idea or even employ people who have ideas but no money.
Or you can have idea but no money (capital) hence raise funds from volunteers and you will still be successful there are people who are will to invest in someone who has great ideas out there. but it's easy when you have both to be successful.

investments are mainly throwing money at things that already exist.. old idea's basically

for those wanting to start a business/project of a new idea. its not "investing" for you. its generating capital. or depositing capital.
this may be through crowdfunding where OTHERS are investing in you. but you with your new idea are not investing. you are generating capital and gains on said capital

putting money into existing idea's of others=investing
putting funds/labour into your own new idea=generating capital

if you have an idea and you can self fund it means all gains return to you. then if its a success it can make you great returns
if you invest in someones elses idea it means x% share of gains return to you. then if its a success it can make you great returns

but the idea's need to actually flourish
many many people have money and idea's but they are not always successes so dont think that having money and ideas will get you returns
many many people have an idea but no money, but the idea has success potential. you can find investors to fund it. so dont think YOU need your own money to spring an idea to life
many many people dont need money to springboard them to wealth. nor an idea.. most people just work for a wealthy business that gives good salary

..
the idea needs to be a great idea. not just a badly though idea
the great idea doesnt always need great money to start. many great ideas start for free (note bitcoins origin story of volunteers)

A business plan is basically a document that elaborates on the idea you have to make money through rendering a service or offering goods for sale. Irrespective of how wealthy you are, your business must be built on an idea or sets of ideas. That's why companies have vision and mission statements.
Consequently, I may not have the idea but I have the money and choose to invest in someone else's idea for a piece of equity on the business.

Some people have no ideas and not just survive but live pretty lavish lifestyles because of huge inherited wealth and someone else in the family continuing to accumulate money for them. Then there's also passive income, which can also be inherited in a way. Someone might have started a very successful company and given shares to relatives. The relatives don't need any new ideas, they can simply enjoy what they're getting this way.
Then there's an option of a wealthy's person bright idea to be hiring smart people who will figure out how to generate new ideas and accumulate more wealth for them.

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.