Can your passion lead to an increase in your net worth?

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Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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 not everything that we have passion on that when we do it will work for us. Sometimes those things that we ignore are what will make us successful. For one to be successful he must have passion for whatever that he is doing to make money,even though he doesn't see it as what will lead him to success. I have seen so many people that have passion on a specific area but because it is a no go area to make profit,they tend to switch over to something else. The most important thing that I know about life is that whatever you find yourself doing that puts food on your table,you should do it with passion even though you dont like it,so that you can be successful in it.

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Quote from: Japinat on August 03, 2023, 04:26:32 PM

With passion, I know it will get me far ahead. But let’s not just focus on passion all alone

Patience will not work alone and only work if one intentions are stronger and habits of hard working. besides these two mentioned by OP there are lot of other people who successfully in achieving goal because of patience. Some people failed to achieve what they want even strong patience and hardwork because there are many other factor like family situations, health problem which not allow to keep continue work on same idea.

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move forward despite of some failures and losses at some point

I am totally agree with this point and we should not loss our temper and give up if we loss at some point while achieving our goal because these loss are temporary and teach us to not repeat these mistakes and yes this is not possible without passion.

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A man's gift will make a way for him, this is an impression that such a person is in pursuit of things that are of important value to him and to other people, someone who understands the investment in time on and how to maximize his potential to make way for him for survival, when a man knows what he's doing, his steps will always be right and he will make the right decision to himself and his business, through passion, a man can make millions if he really understand the potentials in that, the richest enterprise we have today begin with an idea, which the inventor had passion for and work on it before it turns a success we all talked about today.

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Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

With passion, I know it will get me far ahead. But let’s not just focus on passion all alone, because any success can never be attainable without knowledge and determination, patience and the consistency to move forward despite of some failures and losses at some point. Passion is just an additional factor, but without it you can never achieve your whole success especially in taking risky decision with your investment.

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Quote from: xSkylarx on August 03, 2023, 08:12:08 AM

Quote from: mirakal on August 03, 2023, 07:36:06 AM

Quote from: Pierre 2 on July 26, 2023, 06:06:11 AM

I think you need to be very lucky person if you are becoming rich through your passion. Selling something as business is very hard comparing to working at full time job and receiving a wage. You need to learn a lot about markets etc to make money through your passion. There are many people that lost money following their passion. I even personally know one relative who needed to close down a shop. I wish I could do same but I can't exactly afford to lose so much money.

Well, I believe those who have experienced financial breakthrough in their lives are not just all about passion and hardwork, but luck is also a crucial factor in becoming of what they are today. Without luck’s presence, you will not be in your position right now. Nevertheless, passion is also very important in achieving your life’s goals but you also need to blend it with knowledge and skills, perseverance and consistency, and most of all the willingness to take calculated risks that will eventually bring a lot of positive changes in your life.

Luck is part of it, meaning you'll do hard work and luck will follow, but again, it doesn't mean that it always works because, again, you've got unlucky. Let's say you're very skilled and have a lot of knowledge on business and marketing, but the problem is that it really doesn't work on you; you can't establish a business or it will fail. Ive noticed this also with my friend before; he is a really smart guy in programming and really good, but no matter what, he can't get promoted, and mostly others get promoted.

Luck is a very big thing that can change a person's life. But luck alone cannot change a man's life, it requires a man's hard work and his strong mind. And of course a person should keep an eye on his profession and become an expert in that profession with a strong mind. Be it any kind of work or business. Then it is possible for a person to become successful. And that hard work can make him own a lot of wealth

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Quote from: Wong Gendheng on August 03, 2023, 03:15:55 AM

Not always ambition can always be in accordance with income, which occurs often the opposite because it is too ambition, it is difficult to earn income, for example someone who is greedy makes a business and without a good plan and analysis then he will lose because seeing the real situation is not as planned

Usually I often listen to ambition that don't always match reality, but you are a little unique in saying that they don't always match income. Greed and not being able to maintain ambition will make a person destroyed because he is controlled by ego and lust. Everyone who wants the desire to increase wealth must have patterns and methods that must be applied, careful planning and strategies for can help to achieve the desired desires. For example, when someone has one business and intends to create another business to supplement their income, but if the planning is not done carefully, it will affect the two businesses that are run simultaneously.

For example, such as control, marketing strategies and problems in service because our time will be divided between the two businesses. Businesses that are run and given responsibility to other people may not necessarily be run properly because maybe they are not responsible when the business they are running experiences setbacks and it is clear that they are only workers, not owners of capital and are not fully responsible.

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Quote from: xSkylarx on August 03, 2023, 08:12:08 AM

Luck is part of it, meaning you'll do hard work and luck will follow, but again, it doesn't mean that it always works because, again, you've got unlucky. Let's say you're very skilled and have a lot of knowledge on business and marketing, but the problem is that it really doesn't work on you; you can't establish a business or it will fail. Ive noticed this also with my friend before; he is a really smart guy in programming and really good, but no matter what, he can't get promoted, and mostly others get promoted.

To move up the career ladder, you need to have many properties, it is not enough just to be smart. Of course, each individual case must be considered individually, but if you are truly successful in something, then your results will sooner or later be noticed. The most important thing is how to demonstrate our desire to grow, because sometimes there are times when modesty becomes our bad ally. It always comes down to the fact that it is not enough to have one quality, you need an integrated approach, then it can affect the result in the best possible way.

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Quote from: mirakal on August 03, 2023, 07:36:06 AM

Quote from: Pierre 2 on July 26, 2023, 06:06:11 AM

I think you need to be very lucky person if you are becoming rich through your passion. Selling something as business is very hard comparing to working at full time job and receiving a wage. You need to learn a lot about markets etc to make money through your passion. There are many people that lost money following their passion. I even personally know one relative who needed to close down a shop. I wish I could do same but I can't exactly afford to lose so much money.

Well, I believe those who have experienced financial breakthrough in their lives are not just all about passion and hardwork, but luck is also a crucial factor in becoming of what they are today. Without luck’s presence, you will not be in your position right now. Nevertheless, passion is also very important in achieving your life’s goals but you also need to blend it with knowledge and skills, perseverance and consistency, and most of all the willingness to take calculated risks that will eventually bring a lot of positive changes in your life.

Luck is part of it, meaning you'll do hard work and luck will follow, but again, it doesn't mean that it always works because, again, you've got unlucky. Let's say you're very skilled and have a lot of knowledge on business and marketing, but the problem is that it really doesn't work on you; you can't establish a business or it will fail. Ive noticed this also with my friend before; he is a really smart guy in programming and really good, but no matter what, he can't get promoted, and mostly others get promoted.

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Quote from: Pierre 2 on July 26, 2023, 06:06:11 AM

I think you need to be very lucky person if you are becoming rich through your passion. Selling something as business is very hard comparing to working at full time job and receiving a wage. You need to learn a lot about markets etc to make money through your passion. There are many people that lost money following their passion. I even personally know one relative who needed to close down a shop. I wish I could do same but I can't exactly afford to lose so much money.

Well, I believe those who have experienced financial breakthrough in their lives are not just all about passion and hardwork, but luck is also a crucial factor in becoming of what they are today. Without luck’s presence, you will not be in your position right now. Nevertheless, passion is also very important in achieving your life’s goals but you also need to blend it with knowledge and skills, perseverance and consistency, and most of all the willingness to take calculated risks that will eventually bring a lot of positive changes in your life.

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Not always ambition can always be in accordance with income, which occurs often the opposite because it is too ambition, it is difficult to earn income, for example someone who is greedy makes a business and without a good plan and analysis then he will lose because seeing the real situation is not as planned

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Quote from: Strongkored on August 01, 2023, 11:15:20 PM

Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Nice success story, but I believe it takes time to reach that success and time to arrive at that success requires patience, without patience they will not achieve that. Many succeed when they follow their passion, but I'm pretty sure there are also many who fail because it turns out that their passion is not something that many people need, so the products or services they sell don't sell well and because they need money to make a living, there is a great opportunity for them to finally leave their passion and choose to work for an income.

Not everything is the same for everyone. There are those who found success in their passion and there are those who do not. However, that should not be a deal breaker for people to set aside their passion for something. Sometimes it takes a bit of failure or trial before we find a new thing we'll learn to love and be passionate about that will ultimately lead us to success.

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Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Nice success story, but I believe it takes time to reach that success and time to arrive at that success requires patience, without patience they will not achieve that. Many succeed when they follow their passion, but I'm pretty sure there are also many who fail because it turns out that their passion is not something that many people need, so the products or services they sell don't sell well and because they need money to make a living, there is a great opportunity for them to finally leave their passion and choose to work for an income.

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Quote from: odunybiz on August 01, 2023, 05:44:22 PM

Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Ignorance may stop oneself in following his/her passion. I have a friend that love to build electrical things when we were young but funny enough he went to art class at his SS level. It was one of those people that was close to him that advice him to pursue what he love doing, he listen and change from art department to science department were he was now able to study electrical engineering. He is now making good cash from his work. His passion has helped him to achieve well in life and this has continuously increase his net worth.

Lucky for him that he got a job with his passion because others don't like me. I am not working on what I graduated with right now, which still means I love my job right now, but if ever I do pursue it, for sure it will be a far bigger salary and I will enjoy it, but again, we need to sacrifice things, which is what we've done. It really makes you earn a bigger salary if you follow your passion and, at the same time, enjoy it.

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Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Whatever it is you need to be an expert on something to make Hughes money. When you become an expert on one special things and use that skill you can build your career. And the second thing is your will power. When you get the confidence to run a restaurant but you are doing a job then surely your job will not give you anything good and at some point you will feel bored with that job. But if you give priority to your desire it will help you achieve something big. Because you have confidence in that thing

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Quote from: odunybiz on August 01, 2023, 05:44:22 PM

Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Ignorance may stop oneself in following his/her passion. I have a friend that love to build electrical things when we were young but funny enough he went to art class at his SS level. It was one of those people that was close to him that advice him to pursue what he love doing, he listen and change from art department to science department were he was now able to study electrical engineering. He is now making good cash from his work. His passion has helped him to achieve well in life and this has continuously increase his net worth.

When it comes to following your passion then it would really be that just right that neither you would be pursuing it out or would really be dealing on whats something that you are currently facing since you dont really have

no option but if you do have the chance on making some switch up the career and would be finding up some progress then for sure you would really be having that kind of interest in pursuing on what you do really like,
We know that there are situations or conditions on which it do leave out no choice but to deal up with it and despite on going against with your interest and since there's nothing you can do but if you do have the chance
or having the opportunity then you would surely be switching up without any doubt on doing that.

It does really give out that good feeling on the time that we do reach out our dreams on doing on what we do love or simply with the interest that we do have.
This is really just in case to case basis actually because not all would really be giving out the chance or opportunity.

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Quote from: mvdheuvel1983 on July 16, 2023, 05:40:45 AM

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?

Ignorance may stop oneself in following his/her passion. I have a friend that love to build electrical things when we were young but funny enough he went to art class at his SS level. It was one of those people that was close to him that advice him to pursue what he love doing, he listen and change from art department to science department were he was now able to study electrical engineering. He is now making good cash from his work. His passion has helped him to achieve well in life and this has continuously increase his net worth.

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Not all our passion can be balanced with income, of course everyone hopes to make money in various ways, unfortunately many people are confused so that when they want to start a business then can't wait and bankrupt. The presence of the internet can certainly be a source of knowledge and what business analysis is appropriate and profitable.

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Quote from: Raceonsucced on July 30, 2023, 09:39:17 PM

Yes you're right. there must be desire and hard work. And failure is a process to achieve success. The point is always enthusiasm, never give up, and keep moving forward even though you often fail.

Well you do sometimes need to give up. That's where self-reflection would come in. Things don't work out for a reason and that's hella fine. Maybe don't give up in life, but give up to those things that aren't working out as it would like you're going to water a dead flower and it's surely just a waste of time to continue being hard working on that kind of passion.

I can recall back in the days of being persistent in day trading, and I thought I was just starting up and still in that what people call "Adjustment Period". Turns out that it isn't really just my cup of tea. I gave up day trading and was happy in full-time hodling ever since. No hates in people doing day or/and stock trading though, everyone has their own capabilities.

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Quote from: Negotiation on July 30, 2023, 11:14:47 PM

Financial environment is not more important than emotional value controlling emotions can increase net worth as important as personal finances. If the financial system is functioning emotional control is possible, so the financial value should be looked at in this direction. First make a budget and follow that budget. There are many aspects we need to take care of if we are aiming to be financially independent. A lot of sacrifices have to be made, a lot of expenses have to be controlled. And income should increase savings should increase investment should increase.

This is true. You have to accept what you can afford and can't, which in turn is connected to emotions. Moreover, if we let our emotions take control in which we allow impulsiveness and envy get the best of us we are surely going to lose control of your finance.

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Quote from: xSkylarx on July 30, 2023, 09:52:32 PM

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it's essential to strike a balance between passion and practicality. While passion can fuel your drive, combining it with sound financial planning and decision-making is crucial for long-term financial success. So, follow your passion, but also ensure that you make informed and responsible choices to maximize its potential impact on your net worth.

This is like hitting two birds with one stone, and I would say you must be lucky if you've done both, because in reality you can't unless you've got luck and work hard to achieve it. Like right now, people have a high salary but still don't like the job, or they settle for less but are enjoying their job. Also, right now is not a good time to be choosy, as the unemployment rate is too high and there are still a lot of people who are finding jobs, which is a lot these days.

in an era like today, making peace with circumstances is very necessary so that it makes our minds and souls calm, everyone has their own problems, such as even though the salary is high but they don't like their job, or even vice versa, therefore, accept what we have gracefully this and of course trying to do things according to what we want, of course that's what we expect, and don't have financial problems, therefore everyone has their own way, but in essence all goals are the same

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