“Success comes to those who dedicate everything to their passion in life. To be successful, it is also very important to be humble and never let fame or money travel to your head.” – A. R. Rahman
With the summer around the corner, many of us are awaiting trips around the world and relaxation. Another bunch of us are preparing to use this time away from school to work on our passions and businesses.
During this time, in order to make sound decisions, we must determine where our focus truly lies – is it successfully starting a business or is it the potential returns you can get? There is nothing wrong with either, as they both have their place. It is although important to put them into perspective.
From a young age, many of us desire to be rich enough to buy whatever sports car or home we want. As we get older, we should discover that the desire for money isn’t enough to have a sustainable business. Many businesses that have ‘making money’ as their slogan have come and gone. Some of these can be categorized as MLM’s, get-rich-quick schemes, and even legitimate businesses that have lost their way.
These businesses are not run by passion but by greed. Greed is not always good.
Individuals running and starting businesses are those who are diamond made. They can cut through anything. They can fail 1,000 times and they’ll still wake up the next day and try again. People like Thomas Edison, Bill Gates, Elon Musk, Mark Zuckerberg, and Oprah are just a few of the wealthy individuals you may have heard of that have had passion work for them in their personal lives in various ways.
Oprah was motivated and driven to work her way in a white-dominated industry of broadcasting. Mark Zuckerberg wanted to connect millions of people, and he connected billions in the process. Elon Musk knew that three things would change our lives: the internet, sustainable energy, and multi-planetary life. He wanted to be a part of each. Bill Gates wanted to change the lives of the less fortunate, so by building Microsoft, he had the means to do what he wanted to the fullest. Thomas Edison wanted to be the greatest inventor, and that is what he did.
Each of these individuals built their wealth AFTER they found their passion. When you are driven by your passion to be the best at what you want to do or achieve, money and riches are sure to follow. By chasing money alone, you will be susceptible to falling into traps that you may not be able to get out of. Many people like this have grown wealthy then crashed and burned after their wrongdoings had been documented because of greed and wrong passion.
I promise you. Fuel your motivation with your passions and not wealth and the latter will come. Make sound decisions that will not give you quick money but an everlasting abundance. No one can call Elon Musk or Warren Buffett for fraudulent activities and there is a reason for that. Moralistic passions create sound mind and decisions. There is more than enough money for everyone. Lay a foundation built on concrete, not sand.
Build and live comfortably for generations to come.
Until next time,
Live Long and Prosperous.
Value Investing Millennial Jahnome McEwan provides FIFTY tips for Young Adults looking to build wealth from now. If working a 9-5 until retirement twists your stomach, Jahnome has a way to get you out of it!
Click here if you are interested in learning how!