As someone who just got a DSLR within the past couple years, I spent many years prior shooting photography with a simple point and shoot camera. Whether you have the latest and greatest DSLR camera or a simple disposable film camera, the versatility of any piece of equipment that can merely capture your surroundings is endless.
An example of the capabilities of an inexpensive camera can be seen in the following video, where famous photographer Douglas Sonders takes to the streets of Hong Kong with a half broken film camera that doesn't even have a working view finder. Needless to say, the results are amazing. There are so many other factors that can make a photograph compelling besides the equipment used behind it. Creativity is the key to a great photo!