You dont need to wait to have decent armor, you dont have to wait to have 10 slot bags, all you need to do is find the newbie quest or mobs that drop stuff that sells best for money. I started a Iksar Necro, and was able to make nice plat killing spiders and mobs in FoB. Spiders drop tons of silk, and you can sell or use to raise your tailoring to a level to make Bags. I also used the plat to train him in Smithing and Fletching, why fletching, well I decided to switch toons, not because i hated my Necro, i just felt like playing a Ranger. And since Necro's have a high int, i figured he would have a better shot at making Bows.
Well as it turns out i was right, I Trained fletching as high as i could go, i then tried for the best bow and got it on the first try, so now i had plenty of 10 slot bags, a full set of Banded armor, and a sweet bow to start my new Ranger. Thus Bowknight was born, and it was a good choice, since i realized i could make nice money with him too. I did the Qeynos Hills rabid hide quest for nice plat, then i did BB and got to 18, I then moved to NK and did Lighstones and quest for way more Plat, I used that plat to increase gear and weps.
Levels came quick with the help of gear i bought from EC tunnel and the sweet bow. Soon i was making tons of plat killing HG's and other mobs that drop FS. I then started doing camps for gear that i could sell at EC tunnel. Then it just becomes routine, killing and money can become easy at higher levels. You can definitely start with nothing and be able to earn enough to get a Fungi, Haste gear, or Rare clickies, it just takes time and knowing what to camp and were to get plat.
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"The joy of nostalgia comes from whacking mobs, then running like a little girl when I'm about to die"

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