Hindi mo naintindihan yung gusto nya e point out kapatid. I know someone who started a business from zero cash gamit nya lang diskarte. Maraming yumaman na hindi naglabas ng pera ginamit lang utak or idea (in a legal way). Yung gusto nyang e point dito is that madalas kasing ginagawa ng tao na pang "EXCUSE" yung "It takes money, to make money" kaya hindi sila makapag umpisa ng negosyo or gumawa ng hakbang para guminhawa ang buhay. Dahil ang sinasabi palagi ay "WALA AKONG PANG CAPITAL" Ayaw pa andarin yung utak nila dahil ayaw nilang humanap ng paraan. Kung meron mang pang capital "TAKOT" dahil ang iniisip lagi ay "naku baka malugi or mawala yung capital" kaya nya tinawag na unsophisticated. Kaya nya sinabi dito and I quote. "They may have been good workers, but they were not good investors. Education and wisdom about money are important. Start early. Buy a book. Go to a seminar. Practice. Start small."
Oh I know what he wanted to point out, he was talking about the negative interpretation of the idea that it takes money to make money, but his opening statement says that every person that thinks "it takes money to make money" is financially unsophisticated. That is what I don't agree on, because not every person interprets that idea the same way.
The idea that it takes money to make money in itself is true, in most cases anyway. If you did not use cash/money then you used other assets which you purchased using money or if you have a great idea then you can search for investors to fund your idea. Investing needs money/asset, however small the investment is. He even said that he used $5000 to start his small investment. So he used money to make more money.
The whole idea he was pointing out was the same as your other posts, getting financial education. I don't have a problem with that, the only point that I disagree on was his opening statement.