Think it’s about time to call it a career? Great. But before you say “Hasta la vista, baby!” to your job, I suggest you go over the five items in my Are You Really Ready To Retire? checklist.
Just to be clear: I’m not talking about “ready to retire” in the sense that you’ll flip out if you have to deal with your egomaniac of a boss one more day. I mean you’re ready in the sense of being financially, socially and emotionally prepared to make the transition to your post-career life. That’s important to know because if you exit before you’re truly prepared, you may find yourself repeating another famous Schwarzenegger line: “I’ll be back.” Read more
The short answer is YES; of course it takes money to make money. To make money in the stock market, you must have money to make the initial stock purchases. Starting a business requires money to buy inventory, marketing materials, office space and equipment. Even lottery winners had to have the seed money required to buy the ticket. The only exceptions that come to mind are inheriting, stealing or finding money.