YOU DON'T NEED MONEY TO MAKE GOOD CONTENT

I 100% agree.
I started by using the stuff I had - my iPhone and imovie.
I then purchased a tripod and an iPhone tripod mount, for a few pounds from eBay.
Next I purchased a lapel mic and iPhone mic adapter - again pretty cheap.

As my channel began to grow, along with the income, I then decided to invest in a decent DSLR to record videos, as well as for general use taking pics of the family etc.

Even now I don't have any special studio, or any lighting etc. Don't feel I need it for the moment ;)

Start with what you have. Remember some of the videos that have gone viral have been from cheap camera phones with poor quality blocky video. It's content rather then quality!
 
I just bought a Sony Bloggie for 100 $ and a tripod for 15$. I made over 600$ with adsense until now...so I think it was a good institution :D
 
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