Can your passion lead to an increase in your net worth? - page 4.

Porfirii

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So the question shouldn't be yes or no (OP already mentioned a couple of cases so it IS possible), but how.

Passion is practical sometimes: passionate people are charismatic leaders, virtuous artisans, tireless adventurers... and many times goddess luck smiles to the brave, either with wealth, fame, love or other virtues.

But many times passion without control ends up being impractical, hedonistic and/or self-destructive. So the passionate should ask himself: am I channeling my passions right? exhibitionist children make great actors when they grow up, for example, but others end up in jail Roll Eyes

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Every passions are not about money making or future net worth, many people have passions for things that will make them less money, they can't help but have passion for it, not because of how their lives will change but others.

Some people have passions on things that they found peace with, everything is not always about money.

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Quote from: Kelvinid on July 20, 2023, 04:55:34 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?

I believe that, however, it was not only passion that bring success to them but also they open a business that really suits the needs of everyone - it was a food business and we know that it was a necessity so definitely will grow and give profit especially of manage well. It really depends on what is needed around us because not all of it works well, many had failed also from following their passion and sacrificing themselves to open for others. That is why we have these simple words - "leaving out of our comfort zone". Because we never know there is a great opportunity, yet we are afraid to take it because we are not comfortable enough to do it.

True. The demand of the business also counts like you need to find a business that will definitely suit the interest of the people in that location, and I think having a food business certainly grow and progress as long as the site or location is perfect. Also, when there’s passion, great location, comes consistency on your effort and right marketing. That way, your business will never fail but will continue to progress and developed.

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Quote from: lalabotax on July 20, 2023, 04:59:55 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.

If someone is serious about their passion and wants to develop it optimally, then that could happen. Net worth may be difficult to obtain without seriousness in preparing, implementing, developing and improving it. because after all, actually this passion also requires hard work and also sufficient capital to support it. But this effort is certainly not easy, because there will definitely be enormous obstacles to becoming something big and increasing wealth. However, if that is indeed our passion, we will usually be more detailed, thorough, passionate, and also never give up with the various conditions and challenges that confront us. especially if it's our passion, surely we will be more than happy to do it. And this passion really needs seriousness, consistency, and smart ideas to develop it.

Passion doesn't require developing, it develops itself when you like doing something and you have a great interest in doing that thing, no matter what it is, it can be a sport, it can be a job, a task, or anything in general, as long as you like doing it, you will have a passion for it, and that passion keeps developing as you get into it more and more, and there will be a time when the passion increases to a great extent that you can't stop doing that thing.

One can never give up their passion no matter what comes their way, there will always be a way that one can use to keep following their passion, obstacles and problems can occur for sure, but one will go through them and get out the other side being stronger and more independent to follow their passion with a fresh start every time.

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Quote from: chrisculanag on July 23, 2023, 04:34:23 PM

Depending on whether your passion is applicable to your current job, most employers look for accomplishment in workers as well as called passion at work that gives a chance to be promoted. There are many workers who just want to earn money, that's enough for them, just work and don't need to improve themselves. So your expected increase in your salary is vague. Before we hope for the increase we want, let's be honest and diligent in our duties as workers not because we worked, we will just expect an immediate increase.Be progressive to have a chance to move up in work and also in life.

I don’t think the idea is about progression in a current engagement or job attachment. Of course that would come and it happens to those who are diligent in their work but, having alternatives backed by your passion is the idea here.

There is potential in passion and for one to be able to tap into it and convert it to a source of wealth is a skill in which most persons don’t have. Some have got the help they need in other persons, some have got the tools for it while others have got nothing and others have got nothing. Just them passion but, don’t know what or how to go about it.

For sure, most of those who sell them services in the entertainment industry, it’s just passion working out for them. They are still free to have jobs or work jobs but, it’s chiefly passion.

stomachgrowls

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Quote from: chrisculanag on July 23, 2023, 04:34:23 PM

Depending on whether your passion is applicable to your current job, most employers look for accomplishment in workers as well as called passion at work that gives a chance to be promoted. There are many workers who just want to earn money, that's enough for them, just work and don't need to improve themselves. So your expected increase in your salary is vague. Before we hope for the increase we want, let's be honest and diligent in our duties as workers not because we worked, we will just expect an immediate increase.Be progressive to have a chance to move up in work and also in life.

Depends on a certain person because not all would really be having that kind of mindset on which they would really be needing to work hard for them to have those promotions specially into those individuals who are working

into a certain company which it is really out their interest or passion but since they dont have no choice but to survive or needing to have some paycheck then they would do the job even if its really that against their interest which this had been a common things that we could really see in todays society.Somewhat on the time that you've been having your work then you would be learning up on loving it until the end.
If ever there's a chance that you could be able to make yourself that effective on a certain field then better apply it out, nothing beats out the feeling on doing things which is really
that including or inside your scope of interest compared to those which aren't which there's really a significant differences in between.

chrisculanag

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Depending on whether your passion is applicable to your current job, most employers look for accomplishment in workers as well as called passion at work that gives a chance to be promoted. There are many workers who just want to earn money, that's enough for them, just work and don't need to improve themselves. So your expected increase in your salary is vague. Before we hope for the increase we want, let's be honest and diligent in our duties as workers not because we worked, we will just expect an immediate increase.Be progressive to have a chance to move up in work and also in life.

PeRo

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I think it can. If you have passion towards a job or business that you run/plan to start, you are definitely more likely to succeed and make a good profit since you are much more motivated and driven by a business you like and are passionate about. It's just more motivating than having a job you don't really like for an example.

But an important thing is being more passionate about the job and not about the money. Sure, we all work for money and that is the goal, but there is a higher chance to earn something thinking about how to be better in your work and how to be more efficient rather than thinking about money only and forgetting those steps needed to become great. Knowledge and discipline should drive your passion, not wishes and dreams.

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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?

Having passion is great because it makes us more motivated and become more success driven. However, I would say passion alone is never good enough. We need more consistency in what we do, hard work and focus to our goal so that the chances to increase our net worth is always highly possible. Although I would say it’s already a great thing to have passion but it would be more ideal if we also have positive attitudes as well.

tjtonmoy

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You should work what you love to do. But this is something not everyone has the luxury to get. Life is not fair, and we are often forced to do something that we don't want to do. But in order to survive, we are doing it anyway. If you want to follow your passion to get success, it will depend on your passion. What kind of passion do you have and what are its use cases? Also, you need an environment where you can pursue your passion in order to make money.

When it comes to "do what you love doing" passion is something that will come first. But as it is not for everyone, it shouldn't be something that you should pursue before trying something else. Those who are successful in doing so, have already done something before. They were already successful and just changed their occupation. They had assets, knowledge, and experience which they used to pursue their passion. If you think you can do the same, then give it a try. You never know before you try.

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Quote from: Cookdata on July 19, 2023, 05:36:06 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?

They followed their passion because they know it will work perhaps after a careful research and stories of others, there is no way you can jump into something without believe and research, you can't wake up one day and says you have passion for something without due diligence, proper research must have been done, proper findings must have help you clear the hypothetical questions before you start and that's what I believed help those who have a success stories to share.

However, in a every good stories, there is something they are holding back, they wouldn't tell you everything, the challenges they hard because by looking at it, you may think the journey was smooth but by the thing you try to test it out, you will be amazed by the untold story they held back while sharing the good stories.

In addition, you may have passion on anything and may still failed, life is not fair sometimes. You may even succeed in the beginning and failed at the middle line, just put determination in anything you do and keep striving hard, repeat it again and again all over again until the goals and objectives becomes visible on your eye but know that the road is not as smooth as people do claim.

What you say makes a lot of sense and I agree with you that sometimes in the stories they share, they don't tell everything. There must be some stories of their career journey that they cannot share with the public. They may only tell the outline to motivate many people with their story.

Because behind a success of course there will always be a long journey full of obstacles and difficulties. Stories We may never even imagine that such stories exist. And we will also never know how difficult it is to build a business until we try it ourselves. Because behind someone's success story there must also be many failure stories in that person's business. Maybe what is widely distributed in business-related books and educational media are success stories, but in reality I think there may also be more failure stories than success stories.

But one thing we must still have is to never give up. Because I believe only people who never give up will have a greater chance of achieving 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?

Indeed, success stories of Defossey and Sean Audet are impressive and can serve as motivation for new entrepreneurs to follow their passion and create wealth. However, it is important to note that passion alone is not sufficient , there are numerous other factors those play crucial role in growth of business. Among these elements, conducting through marketing research, fostering innovation and creativity, customer appeal of your products or services ,as well as providing excellent customer service are equally important in boosting sale revenues and building sustainable business.

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Quote from: n0ne on July 22, 2023, 06:59:47 PM

Most of people who are successful in life and holds good networth have followed their passion. Now we follow them and gets inspired, but we don't have the courage to follow our passion. For many people it is the family situation that never lets them to follow their passion, because they need to earn and uplift the family. Following the passion will make you high, but it needs time. Some have all the facilities, but they have the fear in their mind. To come out of it is not an easy thing.

Whether you follow your passion or make yourself to have an on the go choice there must be proper identification. You need to find yourself good in something. When we weren't able to identify it following passion or on the go doesn't lead to success.

Unfortunately this is the sad truth. Despite knowing that there is a chance to earn money by following our passion, most of us tend to still not do it because of our responsibilities (specially to our families). We need to earn money as quick as possible in order to cater to our family's immediate needs. Hence, despite wanting to venture to the possibilities of what our passion may lead us to, we settle for what can bring us quick financial aid.

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Quote from: dothebeats on July 20, 2023, 01:04:06 AM

Quote from: DanWalker on July 16, 2023, 06:37:25 AM

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?

There are many more passionate and successful stories like the two you mentioned above. But not everyone who follows their passion will have such success, not every pursuit of your passion will be rewarded. I am a witness to following my passion but with no good results. I used to want to be a hairstylist, but while pursuing my passion, I encountered more economic difficulties than the advantages I had dreamed of. But when I switched to another field that I didn't love, it brought me a lot of money. For me, with a difficult life like now, as long as I have a job that helps me earn a lot of money, I will pursue it, I am no longer passionate about my passions. Because passion cannot be more important than wife and children and family.

With the different situations we have it is true that following our passion can lead to different results. Some may thrive and some may have to look for other outlets for their financial needs. Perhaps in a more ideal world, we can all pursue our passion while making money not only for our needs and the demands of our lifestyle, but also to dive in deeper to that passion.

Though sometimes it will not go our way, like when you really need a job but you land on not your dream job, we really don't have a choice as there are bills we need to pay, but that doesn't mean we don't look now. If we have free time, try to upskill or find a side hustle that is related to your passion because that is when you can resign from your other work and pursue your passion.

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Most of people who are successful in life and holds good networth have followed their passion. Now we follow them and gets inspired, but we don't have the courage to follow our passion. For many people it is the family situation that never lets them to follow their passion, because they need to earn and uplift the family. Following the passion will make you high, but it needs time. Some have all the facilities, but they have the fear in their mind. To come out of it is not an easy thing.

Whether you follow your passion or make yourself to have an on the go choice there must be proper identification. You need to find yourself good in something. When we weren't able to identify it following passion or on the go doesn't lead to success.

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Quote from: fullhdpixel on July 22, 2023, 12:58:11 PM

Quote from: michellee on July 17, 2023, 02:14:53 AM

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.

I thought you're going to say that those people who are into culinary are cooking something for selling later on but that is also a good example right? As for the food review, now I know why there are lots of videos I saw lately about them. Didn't knew that those food reviewers are earning something and maybe the food that they eat is also free? That's a triple treat then.

If we truly love something, we will do it naturally and we won't feel lazy about it. I think the real one that stops us from doing something is being afraid to fail. When it comes to making money or working on a job, it's not that we follow others but it's just that there is only a limited jobs available most of the times, so we just grab the opportunity. The nature of the work wasn't really that tough anyway and it can be done with or without a skill.

And that is the beauty of doing something that you like as instead you can reframe your failures as a learning experience, so instead of thinking that you failed you just think of all the things you need to do in order to improve further, this creates a positive feedback and eventually it will allow a person to become good at their favorite hobby while at the same time they will be able to more easily monetize it, as most likely they will be better at it than those that just consider it a job.

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Quote from: michellee on July 17, 2023, 02:14:53 AM

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.

I thought you're going to say that those people who are into culinary are cooking something for selling later on but that is also a good example right? As for the food review, now I know why there are lots of videos I saw lately about them. Didn't knew that those food reviewers are earning something and maybe the food that they eat is also free? That's a triple treat then.

If we truly love something, we will do it naturally and we won't feel lazy about it. I think the real one that stops us from doing something is being afraid to fail. When it comes to making money or working on a job, it's not that we follow others but it's just that there is only a limited jobs available most of the times, so we just grab the opportunity. The nature of the work wasn't really that tough anyway and it can be done with or without a skill.

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Yes. For the most part, business people and entrepreneurs turned to their passions for inspirations in starting their own businesses. One business tycoon here in the Philippines started from being a measly shoe-repairman to owning one of the biggest franchises of malls in the whole world. And it's not just enclosed to businesses too, as many people monetized their hobbies, passions, and interests. YouTubers who are hobbyists for instance turned to content creation for a wider array of audience and profit potential, people who were fascinated with gaming could go to the pro scene and earn money plus acclaim. If you're passionate enough and you have the drive, the possibilities for money will be endless. You just gotta take that leap of faith sometimes.

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Quote from: Kelvinid on July 20, 2023, 04:55:34 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?

I believe that, however, it was not only passion that bring success to them but also they open a business that really suits the needs of everyone - it was a food business and we know that it was a necessity so definitely will grow and give profit especially of manage well. It really depends on what is needed around us because not all of it works well, many had failed also from following their passion and sacrificing themselves to open for others. That is why we have these simple words - "leaving out of our comfort zone". Because we never know there is a great opportunity, yet we are afraid to take it because we are not comfortable enough to do it.

That should be the case, after all without opening a business, even with a deep and dedicated passion, it will not increase the net worth of an individual. We all know that there should be financial accumulation involved in order to create an increasing net worth and that only happens if the person markets the result of his passion. So aside from having a passion, one must be knowledgeable of the marketplace where he can sell the result of his activities.

Quote from: Cling18 on July 20, 2023, 03:43:07 PM

Quote from: Alpha Marine on July 20, 2023, 02:33:25 PM

It's good to follow passion but you also have to know that it's not just because they have the passion for that particular thing. They succeeded because they worked hard and smart.
Many other people have followed their passion and things did not work out for them.
Following a passion is not a piece of cake. It's challenging. It requires a lot.

I believe we'll be best at what you're doing if you like what you're doing. That's why I always advise people to develop a certain likeness to whatever they want to go into, instead of just going into it because people make money out of it. It's like wanting to go into music because of the money in music. If you don't have a passion for music, you will not be successful at it.

There are actually people who succeeded when they sacrificed their passion over practicality. Most of them have chosen a field with a higher compensation over their passion while there are lucky people who have succeeded in their career and passion at the same time. However, it will always require us to do hard work and perseverance as there will always be challenges that might come along our way no matter what our chosen fields are. Passion or not, we should value what we have and have the eagerness to focus on earning and grinding if we want to increase our networth. Following our passion still requires hard work, it's just a big bonus if we will succeed on it.

True that, but the result of the action from passion is way better than the practicality you mention. Because people who opt in for practically are just forcing themselves to do the work while those who are doing things due to their passion are making their best to come up with the best result possible.

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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.

If someone is serious about their passion and wants to develop it optimally, then that could happen. Net worth may be difficult to obtain without seriousness in preparing, implementing, developing and improving it. because after all, actually this passion also requires hard work and also sufficient capital to support it. But this effort is certainly not easy, because there will definitely be enormous obstacles to becoming something big and increasing wealth. However, if that is indeed our passion, we will usually be more detailed, thorough, passionate, and also never give up with the various conditions and challenges that confront us. especially if it's our passion, surely we will be more than happy to do it. And this passion really needs seriousness, consistency, and smart ideas to develop it.

Topic: Can your passion lead to an increase in your net worth? - page 4. (Read 1120 times)