250: Do what you love and the money will follow . . . IF you meet at least 3 of these 20 criteria (Rolling in Dđ¤Śđťââď¸h)
Dec 15, 2023
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This podcast explores the challenges of pursuing dreams in a tough economy, discusses criteria for success in doing what you love, and offers insights on transitioning podcasting into business goals.
Pursuing what you love is more feasible during a booming economy and in high-demand industries.
Financial stability and support from a spouse can greatly impact the ability to follow your passion.
Deep dives
The Apple Card's Benefits
The Apple Card offers 3% cashback for purchases of new iPhones, AirPods, or Apple products. It also provides the opportunity for users to grow their cashback through a high-yield savings account with a 4.15% annual percentage yield.
Pivoting in Pursuit of Passion
When faced with challenges in a competitive industry, individuals may need to pivot, right-size their goals, and regroup. Connecting with a supportive community and persistently getting back up are crucial for pursuing dreams and finding joy and ease in their work.
The Viability of Doing What You Love
The viability of doing what you love and having the money follow can vary by generation and economic factors. Factors such as a booming economy, clear passion, high-demand industries, financial stability, and flexibility can greatly influence the success of pursuing one's passion.
The phrase is emblazoned at WeWorks across the globe: in large neon lights across lobby walls, bedecking laptops via swag stickers, and printed in playful cursive on the mugs that facilitate bottomless free coffeeâwith the addition of always in small print at the top.
But what becomes of the adage to do what you love when the company blasting it everywhere declares bankruptcy? What about the rest of us?
Todayâs essay is a crossover from my paid Substack, Rolling in Dđ¤Śđťââď¸h. I encourage you to join us there if you havenât already!
đ§ Do what you love and the money will follow . . . if you meet more than three of the following 20 criteria:
You are clear on what you love in the first place. Youâre not still in the Tinker Dabble Doodle Try phase.
You love teaching other people how to teach other people how to make money online.
You have enough money in long-term investmentsâindex funds and the likeâto live off the interest alone, keeping the principal tucked safely aside for retirement.
You are already independently wealthy. See #4, trustafarian, or #6.
You have a spouse AND said spouse earns a robust living with solid health insurance and a thick paycheck every two weeks.
You have abundant financial runwayAND you donât mind that runway crumbling beneath your wheels as you try to get the 747 of your passion off the ground.