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Author Topic: Can your passion lead to an increase in your net worth?  (Read 1064 times)
dunfida
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July 16, 2023, 10:37:34 PM
 #41

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?
It would be still a hit or miss because if we do speak about assurance on what your future be like then there's no one would be able to know and this is something that would be still risky if you do leave your current job

just because you do go on what you have desired or on your passion. It did really just turns out that those people mentioned above did really be able to succeed on what they had trying out to pursue but we know that in this world that not everyone who would follow with their passion would really be ending up positive, theres always those people who do fail up on doing so. This is why when it comes to choices then it would really be entirely be depending on someone because not all would really be that so risk taker when it comes to this kind of decisions and this is why even if they dont like on the current job they do have but they cant really afford on losing it, considering that finding a job nowadays is really that pain in the ass due to extreme competition. Its true that its not really that good on working into something which is out of your interest but this hard life does really
give out you no choice but to deal with it.

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July 16, 2023, 10:51:51 PM
 #42

It depends on what one is passionate about really. When passion turns to money is if one has taken the time to refine it into a skill that is unique. Here, passion becomes value and value is money.
Passion for something, is love for the idea of it. It is love for the process and the result; the results of time, commitment and attention. No one is also advised to do what they don't love, and when doing what you love, make sure such passion pays for the time spent on it, and brings fulfilment in return.

Intellectual property is one way passionate people have wealth and increase their networth.
So yes, a passion that is refined accordingly can lead to an increase of my networth.

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July 16, 2023, 10:52:03 PM
 #43

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?
It is never that simple, it is true that if you are doing an activity you like then by virtue of spending more time doing it and by not feeling you are working at all then you will better in that activity compared to an activity you do not like, however this does not guarantee that you can reach the level necessary to profit from it or if the activity itself can be monetized, so in some cases following your passion is without a doubt the correct choice, while in other cases is a huge mistake to follow it.
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July 16, 2023, 11:15:32 PM
 #44

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?
Before I go ahead to either be for or against the notion, I would first like to warn that, being wrongly motivated to take drastic measures without a careful and calculated plan to back it up has ruined many. Don't be in a rush to believe just what you want because you find it working in someone else's life.

Following one's passion has gotten many fame and lifetime of success as much as it has resulted in the poor state or failure of few.
I recall a fellow of mine while in high school, he had a passion for singing and at some point, he dropped out to pursue a music career. His tuition fees and house rent wasn't spared in this endeavour.

Unfortunately for him, his plans vaporised right before his eyes and years after we've all graduated, he came back to enrole in high school again. Years wasted in chasing a dream your not sure of and with plans that wasn't carefully calculated.

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July 16, 2023, 11:52:16 PM
 #45

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?
Before I go ahead to either be for or against the notion, I would first like to warn that, being wrongly motivated to take drastic measures without a careful and calculated plan to back it up has ruined many. Don't be in a rush to believe just what you want because you find it working in someone else's life.

Following one's passion has gotten many fame and lifetime of success as much as it has resulted in the poor state or failure of few.
I recall a fellow of mine while in high school, he had a passion for singing and at some point, he dropped out to pursue a music career. His tuition fees and house rent wasn't spared in this endeavour.

Unfortunately for him, his plans vaporised right before his eyes and years after we've all graduated, he came back to enrole in high school again. Years wasted in chasing a dream your not sure of and with plans that wasn't carefully calculated.

those will be lessons in life we need to carry on for the rest of our lives. as long as we live on this earth, we have hope to change our lives for the better. it may take years before we came to the point that we need a change in route. but at least, we are open to change. with passion or not, our life is basically carve by our choices in life. we can always change the path by changing our life's choices even if we take a lifetime of changing it, so long you have hope, we can overcome such bottlenecks.

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July 17, 2023, 12:47:14 AM
 #46

Your question already has an answer, and to elaborate more on it, this is because they took the risk, which is why they are now where they wanted to be, but again, all of us will not have the same results as them because others may fail, and that would be difficult for those people. It is a combination of knowledge and luck on their side that makes it successful. If I compare this to my life right now, if I took a risk on my passion, for sure, my family would have nothing to eat. That is why I didn't take the risk.
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July 17, 2023, 05:37:53 AM
 #47

Having a passion for something is only one aspect of the factors that contribute to your chance of having a success with something. There are other factors like "hard work ethic / Having a market for your goods or service / timing  etc... that has to happen, for people to make a success of their projects.

They say, a person that loves their job... do not work a day in their life... and that is why those people are successful. They do not care to work overtime or to do anything extra to make a success of their work.  Wink

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July 17, 2023, 06:07:00 AM
 #48

The reason why most people didn't follow their passion is they're already work under someone company and they already get stable income. Sure you might say they can work harder after they going back to their home, but your energy has been drained, so you can't put all of your idea or learn more seriously.

However it depends on your passion, if your passion has no demand, even you're very skilled you wouldn't make a lot money. Currently one of the biggest demand is web developer, if you're very skilled in this thing, you would make a lot money.

R


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July 17, 2023, 07:04:54 AM
 #49

-snip-

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?
It's not the story, it's the conviction and effort in making it happen.
Many fail with decisions made after quitting a company because they don't know what to do to get on with a new business.
On the contrary, it is not uncommon for people to succeed after deciding to stop working in a large company by continuing the new business they are doing.

Apart from belief and effort, there are other factors that will bring someone to achieve it all, namely capital and knowledge such as creative ideas that will be applied to the new business as unique as possible.
IMO, for people who have talent in business, the steps to do that are relatively easy.

R


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July 17, 2023, 07:14:53 AM
 #50

It can be done, especially if he really likes something and decides to make it to make money. I've seen some people who used to be doing something just for fun but they decided to exploit its potential and found that what it was doing could be profitable.

A clear example, in this case, is if someone really likes culinary and he tries to do a review of the culinary he visited. From what was originally just a hobby or fun, it can be a source of income because there are many offers to review places to eat. Countless people have successfully followed their passion to increase their net worth and they discovered it by accident.

What stops us from following it is laziness. We feel we can't be like them and have no passion to do something even though we haven't tried it. Another reason is that we only imitate what other people do even though it won't suit us especially to make money. We have to find our passion and do it with pleasure so that from that happy feeling, there is a desire to go further. Find your passion and do it and you will find your way to grow it.

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July 17, 2023, 08:54:43 AM
 #51

Money is typically not a priority in businesses, jobs or works we are truely passionate about, but sufficient rewards (not necessarily money) do certainly come if the jobs are well done.
Why choosing a job we are passionate about or love is important is that it helps us endure whatever challenges we may encounter while doing the job, to stay long enough to master/perfect it and become successful or have a break through.
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July 17, 2023, 09:05:30 AM
 #52

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.

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?

The line between success and failure is very tiny, you can do something and become successful while others try the same thing but they fail. Your passion can lead you to increase your network if you try it and become successful and also it can lead you to become broke if you try it, invested so much believing you'll make it but later failed. We have many individual that have followed their passion but failed and we have those that have succeeded.

For every individual that followed their passion and succeeded, we have many other individuals that didn't succeed but we won't know or hear about them since the world doesn't celebrate failure but only success is been celebrated, lets find our own path to success.

R


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July 17, 2023, 09:53:26 AM
 #53

Money is typically not a priority in businesses, jobs or works we are truely passionate about, but sufficient rewards (not necessarily money) do certainly come if the jobs are well done.
Why choosing a job we are passionate about or love is important is that it helps us endure whatever challenges we may encounter while doing the job, to stay long enough to master/perfect it and become successful or have a break through.

What you say is very true, because simply put, if someone is working at a job he likes and loves, it is certain that he will not feel bored more easily when there are any challenges. Because he definitely knows what he has to do while still enjoying his job thoroughly even though the amount of sales may not be much. But if the job he likes continues for a long time, his income level will also be very large and can also make him open another branch of his business in another place.

In terms of business, I personally place money on the second point after crowded places and cooperation networks that can be mutually beneficial to each other. Because when a businessman has a business in a crowded place and his business is known by all his friends, of course he will get great sales if he doesn't create a disturbance for other people's businesses.

And when sales have increased, of course the money he will get will also not be small, so it is for this reason that makes me put money on the second point after a businessman has made an extraordinary promotion in a crowded environment. This means that as a businessman, we must be good at targeting customers first before targeting large amounts of money because money can come by itself through customers who buy more on a daily basis.
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July 17, 2023, 11:00:30 AM
 #54

I believe so. In a perfect world, we are supposed to do what we love to do. We are supposed to do what is in line with our gifts and skills. Maybe we cannot call it work or job anymore since we are liking it and enjoying. So obviously, our passion leads to more success and success is everything including our net worth.

Although there are also exceptions. When we talk about passion, it also means happiness. Many people do not dream of becoming super rich. Personally, I also like to develop and build a career out of my passion. And when the time comes that I am satisfied with my net worth, I will most likely just donate and help those in need rather than focus on the growth of my wealth.

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July 17, 2023, 12:40:07 PM
 #55

If we already have the desire to do something that we can indeed do then there is nothing wrong for us to try, many people who are successful today because they have a very high desire even though when they first follow the desire many experience losses but they continue to try until the glory they can feel, as you have told them they are indeed people who want to be independent and always rely on their desires so that all can Reached.

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July 17, 2023, 01:30:21 PM
 #56

Money is typically not a priority in businesses, jobs or works we are truely passionate about, but sufficient rewards (not necessarily money) do certainly come if the jobs are well done.
Why choosing a job we are passionate about or love is important is that it helps us endure whatever challenges we may encounter while doing the job, to stay long enough to master/perfect it and become successful or have a break through.

What you say is very true, because simply put, if someone is working at a job he likes and loves, it is certain that he will not feel bored more easily when there are any challenges. Because he definitely knows what he has to do while still enjoying his job thoroughly even though the amount of sales may not be much. But if the job he likes continues for a long time, his income level will also be very large and can also make him open another branch of his business in another place.

In terms of business, I personally place money on the second point after crowded places and cooperation networks that can be mutually beneficial to each other. Because when a businessman has a business in a crowded place and his business is known by all his friends, of course he will get great sales if he doesn't create a disturbance for other people's businesses.

And when sales have increased, of course the money he will get will also not be small, so it is for this reason that makes me put money on the second point after a businessman has made an extraordinary promotion in a crowded environment. This means that as a businessman, we must be good at targeting customers first before targeting large amounts of money because money can come by itself through customers who buy more on a daily basis.
When you're truly invested in your work, it becomes more than a job. And that fire for the fight keeps you going when the going gets tough. You keep on truckin' along, maybe not making a killing at first but eventually making some serious wealth

You make a very valid point that in the corporate world, location and networking are more important than financial resources. As the adage goes, "location, location, location" (or something like). Sales are sure to skyrocket in a busy area with the correct connections. Of course, we need to get along with other companies without treading on their toes

Let's talk money now. You wouldn't think money would just appear, would you? The keys to success are a happy and devoted customer base. The cha-ching will come if they are satisfied and spend more money. The pursuit of customers is more important than financial gain

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July 17, 2023, 03:40:23 PM
 #57

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's always a reason why they follow their passion, because as far as I know passion comes quickly and sometimes it changes, I think they had previous abilities before following their passion in this field, at their age when moving is not the age to experiment, but they have understanding and knowledge before doing it, when they find instructions about business that come out of self-will, this will be continuous and and you only need to be equipped consistently.

For me maybe yes and maybe not, sometimes the desire belongs to the company but if there is a lot of initial capital that must be prepared, both from plans, money, knowledge, network and others which are the goal of foresight how can he get income. That's good, but you have to prepare for it long ago, because even if you like it, business is still a business that has a cruel character to its pioneers.

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July 17, 2023, 04:33:10 PM
 #58

Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
Not always. Maybe your passion isn't shared by the people around you. It's not part of their culture and preference, so you won't be successful on the area where you live and to move yourself to somewhere else where your passion will be welcome can be really expensive and out of your currently reality.

A simple example would be: your passion is to work with barbecue restaurant, but where you live 90% of the people are vegetarians. So it's not going to work and you will get frustrated in the end... When you or things you like to do are too different from what the people around enjoy, life can become really annoying. You feel offset, like you don't fit in anywhere and can't put in practice things you like.

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July 17, 2023, 04:46:30 PM
 #59

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.
This is correct. Passion alone is not enough if the rest of the investment elements are absent, the most important of which is providing sufficient budget to finance that passion. This applies to those with artistic creativity and high style.
On the other hand, there are people whose passion is in performing certain jobs, and therefore they can join a project where they can employ those skills and benefit from their passion. This applies a lot to those with computer skills.
In general, it can be said that passion can help increase wealth, but this always depends on how the person wants to employ it.
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July 17, 2023, 05:27:35 PM
 #60

Pursuing our passion does not always bring the expected success, sometimes we encounter many difficulties and obstacles. Everyone has a different experience. But remember one thing, career and passion decide is up to you. There is no right or wrong answer, and there is no single pattern. You need to listen to your heart and make decisions based on your satisfaction and responsibility.

Also remember that you and your family's happiness depend on more than success or money. If you are satisfied with your current job and provide stability for your family, that is also a success. Don't forget that the love and support of family is always important.

SUGAR
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