Topic: Idea and money are very important to investment. - page 15. (Read 1930 times)

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.