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Author Topic: Can your passion lead to an increase in your net worth?  (Read 1064 times)
Raflesia
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July 18, 2023, 06:29:45 PM
 #81

I think yes it can make significant difference within the person. Since it’s a passion one can easily reach the goals quicker because they are clear and straight. When a person opens any random business then there might be many challenges that could come across. For example, learning the new business, learning new skills may be, starting from scratch and much more. However, if you see the examples above then they followed their dreams. They followed something that they know very well and hence the path was more easier and lucid. I would definitely vote up this situation as compared to the non passionate use case.
This kind of ambition can be good or bad.
Indeed, everyone should have an ambition to make us have a goal in life especially related to wealth. But besides that, things are a little more complicated when we are filled with ambition sometimes it is precisely what makes us blind to other things because our focus is only on ambition.
Ambition is a good thing but being too ambitious is also a bad trait because sometimes with the ambition we have we keep pushing ourselves which makes our obesession even higher and when something like this happens it will create danger to ourselves.
Do as much as you can and don't chase something that you can't chase because it will make you become retarded with false obsession.

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July 18, 2023, 07:15:29 PM
 #82

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 people end up building businesses in fields that they are most familiar in, they are able to spot an untapped niche or idea that they think can offer customers an improvement. Then there are much simpler concepts like becoming a barber/hairdresser, where your first few years are likely spent refining your skills but eventually you may move on to opening your own shop. It's all about finding the right blend and also comes down to the personality of the individual who is launching the business - the idea is the easy part, all the rest is the difficult hard work that is over glamorized on TV - but you have to juggle bills, accounts, customers, vendors, problems and all sorts of other things.

R


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July 18, 2023, 07:43:04 PM
 #83

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 people end up building businesses in fields that they are most familiar in, they are able to spot an untapped niche or idea that they think can offer customers an improvement. Then there are much simpler concepts like becoming a barber/hairdresser, where your first few years are likely spent refining your skills but eventually you may move on to opening your own shop. It's all about finding the right blend and also comes down to the personality of the individual who is launching the business - the idea is the easy part, all the rest is the difficult hard work that is over glamorized on TV - but you have to juggle bills, accounts, customers, vendors, problems and all sorts of other things.
The difference on doing on what you do passioned about is really that it do really give out that kind of perseverance and inspiration to do the job well and on the time that you would be able to have that sufficient funding then you would really be  definitely be creating or making your own shop or business if you do have the chance and since it is really that included into your interest then i wont really be having doubts that you would be starting one soon. Just like on what you have said that there might be people who do touch up other niche or  type of business which they arent familiar off with but this would be case to case basis on which
some would succeed and some would not and trying out to find on what best fits for them. No one really knows on when it would really be able to show up some progress or not.

The best thing only prefers is on that you are doing into something which it is really that suits out your interest and its just an option or choice whether you would go on certain extent or not.

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July 18, 2023, 08:49:02 PM
 #84

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?



In reality, your passion will never lead you to any success unless you have the high knowledge and honed skills that are needed for a successful endeavor. Although I would say it’s also vice versa if you have the knowledge and skills, and yet you don’t have the passion and interest to pursue your goal, then you will still be unsuccessful. Yes, a lot may have gone a long way from following their passion, but I believe passion alone will never take you that far.
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July 18, 2023, 09:04:52 PM
 #85

Yes it could be. But we also need to have positive mindset and the right attitude so we can sustain our investment and make it successful in the end. While I have to admit that we need passion in everything we do, but passion on its own is simply not enough. We need more than patience and understanding the market and our investment, aside from gaining knowledge and skills in the first place.

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July 18, 2023, 09:18:50 PM
 #86

I have always had a passion for finance, especially since my father started teaching my about finance from a very young age (probably around 8 or 9 years old).  It since lead me to my career, which I'm very passionate about.  My main passion is helping others, and by doing a good job by helping others, remaining ethical while doing so, my job titles have grown and grown over time.

The fact that I am passionate about what I do for a living shows, and has helped lead me up the "corporate ladder".

My advice to anyone is try and work in a field you are passionate about, or at the very least..somewhat enjoy lol. 

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July 19, 2023, 02:24:34 AM
 #87

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 sometimes can lead to regret and it mustn't mean that it will always yield a positive result at the end, the two names you mentioned are people who followed how they feel about something and it worked for them and mind you it doesn't mean if you on the other hand follow the same way that it will work for you, so to me I don't feel following your passion will ALWAYS work for you. It can only create a cage of regret and hate for yourself, imagine you have a better monthly pay job and you say you'd like to quit that job and establish your own along the line it might turn up to be bad for you so is a 2 ways thing, to either get it right or live in regret.

R


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July 19, 2023, 08:37:10 AM
 #88

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?




That could possible your passion can lead to an increase in your net worth. If the business you tend to put up is your passion most likely it would be successful because all your effort, motivation, determination and perseverance are all combined. If it is your passion you are also more likely to be creative, innovative and of course you are very much willing to take risks that can lead to growth of the business. But not everyone can be successful with their passion, it would take some time and effort to be able to be successful and how eager you are to incorporate your passion to business. We should try to work hard and make it happen to be able to be successful.

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July 19, 2023, 01:48:54 PM
 #89

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 depends on many things, including luck, because there are many people who have passions and do not make considerable money from them. In fact many do not even try or even cost them money.

Vincent van Gogh only sold one painting in his lifetime, so that influencer/coach thing of "follow your passion and you'll become a millionaire" didn't work for him.

I recommend doing it with brains. If you have a stable and very well paid job, do not leave it to pursue your passion that today gives you $0. Start on the side, see if you can monetize it, if the thing is growing, pile up savings in the meantime, etc. and depending on the circumstances you can take the big leap, but never do it crazy.

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July 19, 2023, 02:10:01 PM
 #90

Most people want to earn big income but they don't know effective ways to earn big income. Increasingly difficult economic conditions like today make us have to be vigilant so we have to be able to refrain from bad habits such as shopping easily, as long as we can resist the temptation to spend money then we will be successful in managing finances.


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July 19, 2023, 02:30:35 PM
 #91

@Op, you shouldn't just take 2 examples if it's not a rare story that only a few people experience. Passion isn't always going to have high commercial value, so it's a concern for people. Today in some low-income countries, people just want their daily needs to be sufficient, compared to the example you took that might come from someone with good economic preferences who have lots of ideas and opportunities to make it happen.

I don't even remember what I was passionate about and loved when life got harder and harder, and all I could think about was doing any job as long as it brought me lots of money. Currently, my job is stable and gives me a decent income, but if someone asks me if I am passionate about it, I will say no. But it's giving me a better life than many people, so it can be my passion, as long as it makes money for me, I'll be passionate.

That is really life; we sacrifice things just for the sake of our family. For sure, you are doing that for your family; you just took that job because it has a high salary, and you learn to love it. We are in the same situation, but mine is that I would say it is still a good pay but not enough based on what I've been doing, but still, because of my family, I need to do this job even if I don't like it. The problem with this is that I don't enjoy it, but I just use my family as motivation.

Passion or hobby will be useless if our children have an empty stomach and cannot lead a full life like their friends. Pursuing a passion is something everyone wants, and I sincerely advise those who are unmarried and who do not have to bear a lot of pressure in life to follow their passion. Because when you have a family, there will be more to worry about than your passion.

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July 19, 2023, 02:47:13 PM
 #92

If your passion and job are similar, this will increase your net worth because when you're work in something that you like, you're always try to explore, learn and try anything in every time.

However it's not always if you have a different passion and job, you will not able to increase your net worth, you can still increase your net worth to try harder, but you're sacrifice your mental health. It's like you always want to resign, but you can't because you must to work to feed your family.

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July 19, 2023, 03:28:50 PM
 #93

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?
For me, I will say that the people in that story made success in their respective passion simply because there was an already existing market demand for their product or services before venturing into it, which skyrocketed their revenue immediately people knew about them, unlike someone going into a field with zero depend, as that person is bound to fail, because what causes the creation of wealth is not passion itself, but passion plus existing demand equals to wealth, which is why an experience entrepreneur always study his/her environment before bringing up a business idea likely to be profitable.

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July 19, 2023, 03:42:14 PM
 #94

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 think what everyone is stopping from it is having the safety net. Because with the greatest question is: "What if you fail?" or "What if you lose a lot of money?" So instead of taking that risk right away, they want something first to establish a money or asset to fall back on. That way, they will not get back to their job.

Because it's not only the business idea or the demand that matters. It is also about the timing of their business, or of one's passion. That's why you have to try again and again ubtil the right time of opportunity comes.

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July 19, 2023, 03:49:07 PM
 #95

Yes it could be. But we also need to have positive mindset and the right attitude so we can sustain our investment and make it successful in the end. While I have to admit that we need passion in everything we do, but passion on its own is simply not enough. We need more than patience and understanding the market and our investment, aside from gaining knowledge and skills in the first place.

Yes, of course, passion is not enough, especially during these hard times. We need more than just passion but personally, I will be more positive and confident to further enhance it and have more patience rather than something I am not fond of or compared to other jobs that need skills that are okay but not my passion. Although we can still grow and have the passion for these jobs it is not the same as the things we love to do.

And there are also times that we need to just pursue a career in something that is not our preferred due to difficulty looking for jobs and business opportunities and there is nothing wrong with it.

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July 19, 2023, 07:40:01 PM
 #96

Do not overlook other variables, for passion alone is insufficient to ignite one's success. You require capital, family support, close friends' backing, a conducive environment, positive companions, and much more. Everyone possesses passion, but not everyone achieves success through their passion.

The tales of individuals succeeding through their passion arise from having a supportive environment. People will also experience weariness when they must pursue their passion every day without earning enough to sustain themselves.
True. While passion is very important to achieve life’s success, but know that not all passionate people achieve their dreams and aspirations. That’s because they only have passion but have not gained enough support from other factors as well. Success in life is not only determined by passion, but also with focus and concentration, positive mindset and right attitude, and also knowledge and skills that are very crucial, aside from capital and it’s perfect location for a good business.

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July 19, 2023, 08:30:53 PM
 #97

Do not overlook other variables, for passion alone is insufficient to ignite one's success. You require capital, family support, close friends' backing, a conducive environment, positive companions, and much more. Everyone possesses passion, but not everyone achieves success through their passion.

The tales of individuals succeeding through their passion arise from having a supportive environment. People will also experience weariness when they must pursue their passion every day without earning enough to sustain themselves.
True. While passion is very important to achieve life’s success, but know that not all passionate people achieve their dreams and aspirations. That’s because they only have passion but have not gained enough support from other factors as well. Success in life is not only determined by passion, but also with focus and concentration, positive mindset and right attitude, and also knowledge and skills that are very crucial, aside from capital and it’s perfect location for a good business.
We need to also remember that depending on what the person is passionate about it can be more easy or more difficult to make any money with it, for example a person that was passionate for music will find a lot of problems to make any money with it as there are millions of people competing with them to reach any kind of success, while someone that was passionate about repairing cars will more easily be able to obtain money out of their hobby as they could easily be hired by a car repair shop.
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July 19, 2023, 09:43:08 PM
 #98

I can see that passion is what we all need when we want to achieve something. Without passion, we will never reach that point and realize our dreams. However, I also believe that passion is not the only means to achieve your dream or to realized your goal in a business. First, you have to be knowledgeable and experienced at first, second you have to be at your best attitude and never easily quit when losing, and of course you have to do everything with high passion and eagerness so that everything will come out positive, everything will work according to your plan.

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July 19, 2023, 09:47:16 PM
 #99


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?

Well, the truth of the matter is that, working on something you really love, that is something you are very passionate about, turns you up to become the best of you, and that opens doors for you, when you love your job, you will always be happy putting in the extra minutes, hours needed or required to push that business or company forward, note that the key reference here is that, you are always happy, its just like that Vacation song by Dirty Heads, he said hes always on vacation every single day simply because he loves what he does, you can listen to the song here - https://www.youtube.com/watch?v=OcESDWpysmc.

And for why i am not doing what i am passionate about? how did you know that i am not already doing what i love and passionate about? Grin, well, the truth of the matter is that many of us are not opportuned or fortunate like that second guy you mentioned, to start doing what we are passionate about at a free cost, personally for me, going into what i am passionate about will require quite a lot of money, and the money i am still working on making.

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July 19, 2023, 09:57:09 PM
 #100

Do not overlook other variables, for passion alone is insufficient to ignite one's success. You require capital, family support, close friends' backing, a conducive environment, positive companions, and much more. Everyone possesses passion, but not everyone achieves success through their passion.

The tales of individuals succeeding through their passion arise from having a supportive environment. People will also experience weariness when they must pursue their passion every day without earning enough to sustain themselves.
True. While passion is very important to achieve life’s success, but know that not all passionate people achieve their dreams and aspirations. That’s because they only have passion but have not gained enough support from other factors as well. Success in life is not only determined by passion, but also with focus and concentration, positive mindset and right attitude, and also knowledge and skills that are very crucial, aside from capital and it’s perfect location for a good business.
We need to also remember that depending on what the person is passionate about it can be more easy or more difficult to make any money with it, for example a person that was passionate for music will find a lot of problems to make any money with it as there are millions of people competing with them to reach any kind of success, while someone that was passionate about repairing cars will more easily be able to obtain money out of their hobby as they could easily be hired by a car repair shop.
There are indeed several factors on which it would really be mainly affecting out on getting hired or getting a job or career just because of competition which the thing you have said is true and accurate

but basing up on the other side or means about the passion on a certain job then it would be entirely be also basing up on your interest on taking up such career or job, whether you would pursue despite of the high competition or would completely be contented on whats available? We know that not all would really be to have the opportunity on taking on what their interest is been into but rather they
would really be just simply accepting on what they do currently have as they dont really have no choice but nothing really beats out if you do something which is really that aligned on your passion.

You would definitely be happy on what you are doing and would really be doing you best as this one do really fits out on your interest.

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