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Author Topic: Can your passion lead to an increase in your net worth?  (Read 1064 times)
Lorence.xD
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July 16, 2023, 03:55:29 PM
 #21

Of course if you love something you doing it would feels like you're not working or not obligated to do something because it might considered as your hobby. By that it could increase your performance. But let's be real here and not sugar coat anything, for sure those who get their success also have their downsides before achieving it. There's no easy thing in life especially if you choose passion over something that could help you in the first place. But if you could read some books written by these people then it would really motivates you to move forward and find what's really for you like your passion. You'll need to exert effort and be consistent and have an optimistic mindset.

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July 16, 2023, 04:02:44 PM
 #22

Passion is essential if you want to turn it into the desired life riches.
Wealth is simply the result of a process by which we work diligently to transform the things we know and understand into the means of creating values ​​that make us happy. I am not talking about the case of people who are lucky with gambling games to expect wealth, the original that I see it appearing in life is fairness, you do something useful, you will surely win get good results, and vice versa.
So in terms of passion, I think if any hobby work that we use well to match the development of society, it will bring achievements.
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July 16, 2023, 04:52:40 PM
 #23

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
Passion alone is not enough, the 2 examples of stories above have other supports such as interest, determination, finances, target market and geography that support them to realize this desire. So when we want to follow passion at least there are supporting elements. Not a few people whose goal is to increase wealth end up with economic collapse. As a result, not all of these wishes are good, but there are always gaps to be repaired when you want to make it happen. Factor 1 supports other factors to accelerate economic growth.

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July 16, 2023, 05:33:37 PM
 #24

Not everyone that follows their passion will become wealthy in life, because people's passion can be build on different reasons, you can love to be sitting at home useless and poor, since it's what you love to do, it's also a passion...

Your passion might not earn you a crazy amount per month like the examples you have on your topic, but there are people making a lot more going something they don't find easy to do, they don't entirely love what they do but they apply discipline to it.

Before you get confused, think about body builders, to have a good shape you need to keep doing the same thing every morning, even when you don't feel like, but if doing something you love is in play here, you won't want to build your day on some days, that's the different.  

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July 16, 2023, 06:02:28 PM
 #25

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period, the businesses became very profitable.
Passion simply means having a strong affection for a profession or endeavor. When one is passionate about a career he can endure challenges and put in more work because he enjoys what he is doing. When you are having fun with your work, you can put in more hours and other efforts to ensure it succeeds.

But passion alone is not enough because, without other factors, businesses might not flourish. Every business needs planning to succeed. A good plan backed by effective implementation will lead to success in business. Developing the requisite skills is also important. There is a need to gain needed skills that will lead to the production of quality products. If you are passionate but lack the expertise to give quality services, customers will not be attracted to the business. Even if they come, substandard products or services will not make them loyal customers.

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July 16, 2023, 06:24:13 PM
 #26

When you are talking about passion and what one likes, we should be very sure that what we call passion means that we are extremely passionate about it and not just what we like out of laziness.

I believe not everyone can actually make it with what they have a passion for. Some of our passions are not there to help us achieve success; some are actually there to help us ease stress, have fun, and all that.

Because it works for Mr. A, it does not mean it will work for Mr. B. Another thing I also believe is that having passion can't take one to the lengths that the person desires; determination and hard work will. Passion, hard work, and good plans equal success. If you have a passion for something and you are not taking it too seriously and don't have any mapped-out plan on how you want to work things out for yourself using that passion, Leaving your job in pursuit of such a passion without a plan might lead you to failure.
 
Passion is not the only thing at play here; hard work and determination play the most important roles in leading everyone in that story to success.

R


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July 16, 2023, 06:33:00 PM
 #27

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?



Following your passion is something that everyone should do in their lives. But will it Always lead to wealth generation? Ofcourse not. Your passion can be as simple as gardening which might not be that profitable no matter what you do or something else which isn't that much of an economic activity. However if you focus on money while choosing profession in short term then you'll always end up with lesser net worth at the end but if you follow your passion the money will eventually come.
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July 16, 2023, 06:39:57 PM
 #28

Passion is not enough to make you succeed in life, what passion does is to keep you going when the road is tough. The people you mentioned above made it because they have a sound go to market strategy, a lot of people have made such decisions and regret the decision. I will advice to always think through very well before jumping the gun especially for those that have a well paid job because this might be a decision they will regret forever


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July 16, 2023, 06:49:47 PM
 #29

There is no short amount of way to seize any opportunity, if one's passions are niche enough it also does not count. In the abundance of how the current information flows and how it is potentially able to spread, even if you are not fully leaving a job or a deed, having an extra side project might able to increase or pave the way into a new income channel. You don't have to commit deeply, similar to your second case, initially.

It is a certain thing that publishing your passion, especially in the form of content, might open up the opportunity to monetize it. In the end, it is one of many examples that are surely able to increase someone's income. Actually, there are many examples, but the gist of it is that if we utilize the potency of many digital media, the possibility is enormous.
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July 16, 2023, 07:05:56 PM
 #30

Following one's passion will ensure one put in your best into your business or career one finds himself, which will lead to positive results in whatsoever you put your mind in. The first thing that might be stopping one is the financial factor, from the example those people worked at a point and come have accumulated wealth to open up their new business. Also, environmental factors and economic situation because your passion might be watered down in your present country and you will need to relocate to a place where it is more valued.

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July 16, 2023, 07:53:59 PM
 #31

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?



I believe if we keep pursuing our passion, then we will never end up in a wrong path. However, that’s not the only factor to increase our net worth and make our business completely successful and profitable. We should also have the core values and attitudes that will help us sustain the investment and make it a long term business. Passion is not enough, hardwork and perseverance are also highly important.

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July 16, 2023, 08:44:24 PM
 #32

Definitely you passion can set you up for financial freedom for life, in fact you have a better chance of making it from something you are passionate about tgan you are from something you just want to do.

Many athletes today are making it in live doing what they Re passionate about doing and I feel if they had done Anything else they would have probably not been so financially solid from it.

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July 16, 2023, 08:45:37 PM
 #33

Passion + Job is actually the best combination anybody can ask for,  but unfortunately most people's work today is far from their passion as it's all based on  getting paid!

But if anybody found themselves doing a job or work they loved with a passion,  chances are high that they will work without any supervision which translates into bonuses, overtime and possibly a promotion...which .means net with of you goes up as more money comes your way.

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July 16, 2023, 09:09:41 PM
 #34

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
there are many success stories that happened because they chose to follow their passion rather than being under someone else's company but there are also many failure stories of someone who followed their passion and chose to return to being an employee.  i mean the path to success for everyone is different, you may be lucky to be successful with the passion you have but other people may not necessarily be able to emulate it, even so don't give up for anyone, reach for your dreams as hard as possible and find the best way to achieve it.

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July 16, 2023, 09:12:46 PM
 #35

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth?

Whether a person accumulates wealth or not by following his passion depends on the kind of passion he has.  If his passion is non-market related then obviously it won't make him accumulate money.  But if his passion is related to business and wealth accumulating activity then its obviously can acquire the person way more wealth than his job.

Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?

I already stated that it depends on the kind of passion the person is into.  If it is related to finance and business then yes it helps a lot to increase a person's net worth because he will be doing all his best and his endeavor fueled with passion means he will not easily to give up on any hardship.

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If yes, what is stopping you from following it?

I have been following my passion, sadly it is not a wealth accumulating thing.

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July 16, 2023, 09:34:29 PM
 #36

There's following your passion that will lead you to wealth, and then there's following your passion when it only conveniences you.

There's no doubt the people you mentioned here, and a couple more unsung ones achieved financial freedom if not complete wealth from following their passions. However, they did so with discipline and a thirst for success. If you don't have those things with you and you're going for your passion in search of profit or catharsis, that's not a passion, that's a hobby. Honestly, nothing bad about having a hobby every now and again but things aren't getting any easier for us Average Joes out here, inflation biting us in the ankles, quality of the environment going to the shitbox, to name a few. Only resolution we can achieve is actually paying our way into a better life, which in my experience couldn't be achieved by slaving away your life to your regular 9-5, so there's that.
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July 16, 2023, 09:49:27 PM
 #37

To achieve in the passion it very essential to be patience at all the tough situation.Health is related to the passion as compared to the wealth,because we should not forget without health we can’t achieve passion.The passion may be achieve wealth for some people,they try to earn more money and want to move to high earning people lifestyle.To high wealth,you need to achieve using the smart tactics.Most of the time smart techniques are unique and more essential one.

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July 16, 2023, 10:08:36 PM
 #38

There are many diverse opinions about following one's passion and wealth. I read two stories of people who followed their passion, and in a short period of time, the businesses became very profitable.

In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?




Most times, one's passion may not increase his net worth as without the necessary capital to help turn the passion to a lucrative business, the passion has a high chance of either dying because the stress of seeking for investors and taking loans maybe discouraging or incur loss because the profit gained is far lower than the capital invested.

On rare occasions when there is sufficient funding for the business, the passion would not only increase one's net worth but also serve as a source of employment to many because as the demand for the product increases so does demand for manpower.

It is highly recommended that one have a stable source of income before pursing your passion so that the income from passion isn't the only source of income and in a case where the passion is incurring loss, you still have a steady income to provide for daily necessities.

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July 16, 2023, 10:22:33 PM
 #39

All that OP have shared are the success stories. Same as the success story we were able to see good number of Store that are hidden as they followed the passion and failed in life leaving their comfort. This happens, and to my understanding when one have decided to follow the passion and grow high he/she should have the ability to withstand long term. Some might be lucky to succeed at the shortest and the same doesn't happen with everyone.

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July 16, 2023, 10:29:13 PM
 #40

Hypothetically speaking, you can monetize almost anything. So it's possible to make your passion work for you, but how hard or easy it is to achieve this depends on what your passion is. If your passion is programming, you won't have a problem finding a high-paying job. But if you passion is playing video games, you'll have less options - becoming a videogame streamer, bloggger, journalist, pro gamer, etc. The demand for those experts is far lower than the number of gamers.

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