Can your passion lead to an increase in your net worth? - page 6.

Sexylizzy2813

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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?

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.

ChiBitCTy

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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.

Finestream

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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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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?

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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Quote from: Fortify on July 18, 2023, 02:15:29 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?

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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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?

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.

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Quote from: Flexystar on July 18, 2023, 12:18:56 PM

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.

Flexystar

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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.

MFahad

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I think interest play a vital role in this case because in some business in which you don't take any interest you will not be able to make huge profit. Other thing is a behavior if you speak in a good manners to others then you will receive fruitful results from your business because your words have a great impacts on others decision.

Passion is what you make you successful like someone have passion about trading and investment so they will learn more easily and will be interested in getting all the knowledge about it which will cause them to get good revenue. People have lots of opportunity but one will select that jobs which he likes and know how to handle the things.

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Sometimes what profits others will never profits you or what favors others would never favor you. Hence, following ones passion doesn't only guarantee's your success but it also shows how dedicated you are by following your passion in other words, we can call it instincts.

Whatever your instincts ask you to do something follow them and adhered to instructions as it is, otherwise you can still quit your job and followed your passion business or whatsoever and never becomes successful in life.

When you focused in pursuing your dreams, it automatically makes you to draw success closer to you why because your are passionate about what you want and what you have ventured into. Especially when you are working and chasing your dreams without getting tired of working for it, perhaps any business and works you often find yourself too hard to work on or by stressing yourself while going to work is not your dreams job.

A job is something you should be doing with ease without any emotional discomfort and weakness whenever it's time for work. As man be it woman, are meant to work on job you finds pleasure of going to work. Therefore, our desires and passion is what actually leads to increase our income by whichever net worth is being achieved.

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Quote from: Wend on July 18, 2023, 08:22:05 AM

Quote from: rat03gopoh on July 18, 2023, 04:55:07 AM

@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.

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As normal human beings, of course we desire to be rich, it can be said that wealth is the most important condition for happiness because nowadays almost all goods and services must be exchanged for money so that without good finances it will be difficult for us to be happy.

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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.

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Quote from: rat03gopoh on July 18, 2023, 04:55:07 AM

@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.

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Passion without being wise aka lack of knowledge is still going to birth nothing but a low success rate, you can have a passion to become an electronic store owner, or you can have a passion to become a drug dealer, and look at bigger mentors like Marcola or Pablo Escobar, there are passions for crime and serial killing too, so passion doesn't automatically mean something good or bad.

In whatever you decide to do, motivation should be the last of them all, you need consistency, disciplined, and knowledge, don't ever feel like you own them all, because they are endless, you need to keep seeking them nonstop.

Whatever is going to work, people around you will try to ruin your motivated spirit and if all you have is motivation, it will go away very quickly as if you throw a lamp through the window, do not let anyone who don't know why they exist talk you out of what you so much believe in, they can't see what you saw.

Dimitri94

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The way passion is talked about in the mentioned two stories is reflected in reality in few people. But there is no way to deny such an occurrence. Among those whose passion works intensely and who are able to implement according to their desire, many have become successful, but there are many who work hard but their dreams are get broken. I think everyone should prioritize their dreams but here the decision should be made considering the difference between emotion and reality.

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Passion is what you love doing that makes you happy, do we know that some persons have passion for bad things, so how do we classify this set of people?

My question is

do people need or crave what you have passion for?

do you have the knowledge of what you have passion for?

can you deliver if people decide to patronize you based on what you finally settle for?

What if it is prohibited stuff that someone has a passion for, how does such a person make money from it

Passion should come with full knowledge, having a passion for anything does not determine income inflow, because as much as I can remember people have passion for irrelevant things, so should such a person expect money from such, the answer is a capital NO.

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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?

Following your passion doesn't guarantee increase in your net worth. It depends on what is your passion but more likely it depends on how you can monetize your passion. You can pretty much clean streets and earn more than doctors and software developers if you know how to monetize it. The modern world gives us the possibility to monetize absolutely everything, people even monetize what they eat.

One easy example that I can tell you is UFC. Before Conor McGregor, UFC athletes were struggling, including Conor too but Conor managed to make fighting profitable by introducing trash talk while still kicking his opponents asses.
There are really endless examples, everything depends on you. You can be a person with millions of dollars and be incapable to make a profitable business and there can be a person with average income and create a multi billion dollar business. I don't think we can advice anyone to follow their passion or work 9-5 job because it's very individual, some fail and some succeed.

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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?

This is kinda mixed and it depends per individual, OP. I haven't heard who Sean Audet, but good for him being able to launch a photography sideline. Whatever passion he has in photography is still surely burning. Some people just tend to burn out in their passions and they chase different interests whenever they do.

Think of it this way, doing passion in your free time as hobby is entirely different from doing your passion with a set of deadline and demand. Somehow I haven't felt that burn out from writing codes even if it is frustrating to solve problem sometimes. Some people in my field do stop whenever they felt their passion burning out.

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Quote from: dothebeats on July 18, 2023, 03:52:04 AM

I'm someone who believes that we can make money in various ways and places as long as we know how to take advantage of an opportunity. Afterall, no matter how trivial our passion is, there will always be a community that will be willing to spend money for it. You have to be creative and see your passion as an outlet of opportunity, do not box yourself in the idea that you are the only one enjoying that specific thing or that you like it only because it's fun and gives boost of happiness. You have to see it as an opportunity, you have to view it with a mind that is willing to experiment, find ways, search for opportunities in that specific area you are passionate about.

Everything really depends on how we can see things from a different perspective. If we have a broad point of view. then we can more easily see something as an opportunity. Even a desire can be exploited if we see an opportunity in it. but if in desire we don't stand a good chance. then I prefer to avoid it. unless we can create our own opportunities in a business. Creative and innovative ideas are needed to make it happen.

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