Doing What You Love vs Making Money

Yesterday, my granddaughter comes up to me and says, “Papa, I know what I want to do with my life!” Very excited, she continues, “You know how you’re always talking about doing what you love vs making money?” I respond enthusiastically, “Yes. Yes, go on.” After some thoughtful framing, she tells me the details of her plan.

When she told me the details of her plan, it nearly broke me, because what she wanted to do with her life, what she was so passionate about, what she loved to do more than anything, her reason for getting up every day, to breathe, and how she defined herself in the world, was reduced to her presenting business plan.

I was blessed and honored to be the first person to whom she reported her heart’s desire, and to know that my encouragement that she seek to achieve her highest and best had found resonance in her. She had thoroughly understood my explaining about doing what you love vs making money to her and developed a sound business plan which monetized her hopes and dreams.

In a million years, I would have not come up with an idea to pursue, like hers, and I would have hoped that she choose almost anything else besides what she’d selected to be her ultimate goal in life, but this did not dissuade me from supporting her completely. For how can you deny or dictate the desires of someone’s heart? You can try, but to do so doesn’t make any sense.

The desires of someone’s heart, what they love more than anything, can change over time, but whatever it is, right now, simply is. You cannot change it. So, bless and support whoever they are in whatever it is that they love beyond all other things in this life.

Doing What You Love vs. Making Money

In doing what you love vs. making money, the basis is that you discover the thing that you’d love to do, what you are passionate about, the activity that you would engage in where time just disappears, to make money doing what you love would be far superior to working just to make a paycheck to survive.

When I am working with a client, it is very rare that I find someone who does not know what they are passionate about. Even so, with a little probing, together we can find out what turns you on.

Now, finding a way to monetize your passion is a whole other process. It takes some creative detective work to come up with a plan for making money doing what you love, and you’re going to have to stretch your imagination enough to look at ways you can make it happen.

It takes a bit of ingenuity to monetize your heart’s desire, and there is a degree of risk in stepping out in faith to make money doing what you love. If your need to make money outweighs your desire to pursue your passion for profit, this can be a problem, and it is the primary reason why more people do not do what they love for money.

In most cases, people are more likely to settle for finding a career doing something they like, or is not too distasteful, in exchange for a paycheck. And there’s nothing wrong with that, but you could do better, if you are courageous enough to tackle such a task.

In the case of my granddaughter, she had done the research, developed her brand, a marketing strategy, and even came up with potential locations to launch her dream business. A grandfather couldn’t be more proud.

Generally, you will need some assistance in working out the details to create or pursue your passion and make your dream come true.

Thanks to the world wide web, you have access to all the resources you need to get from here to there, and if you’re feeling like it’s just too much to take on, seek out a qualified coach or consultant who can help you get you to where you want to be.

You May Fail

Doing so, will not be without risk, and you may not achieve your financial goals the first time out.

There is no need to feel dejected if you fail, for those who have found their way to monetize what they love have failed, but kept going. Look for your Return on Failure Learning (ROFL) and you can use what you have learned to strengthen your resolve to keep going.

Even if you’re feeling unworthy, or like, “My life has been so awful,” and you just can’t see the forest for the trees, look for others who you look up to, and know even though to us it looks as though they experienced instant success, a closer look at their stories will reveal their journey was not an easy one, and they continued to push through and overcome the obstacles which presented themselves along the way.

You can do this.

If you need help, call me.

How to Make a Million Dollars

If you’ve ever pondered how to make a million dollars, chances are you don’t already have a million dollars and probably have never possessed 1 million dollars.

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You’ve heard all the stories about how other people have awakened one morning to suddenly have a million dollars in their bank account and you’re thinking you want some of that too.

Are these stories true?

For the most part, they are, though many important details are often left out.

Could it happen to you?

Yes, it could. Anything could happen. Will it happen? Well, that’s another question entirely. Whether it happens to you, or not, depends on you and what you do.

Which of these two?

First, you have to ask yourself how bad you want it?

Based on your desire to attain your one million dollars, do you want it

The Easy Way? or The Hard Way?

The easy way, means you’ll be at the very least buying lottery tickets regularly. Buy lottery tickets regularly while you daydream about winning the lottery, getting one dollar from every person or coming up with your ingenious idea that will shower you with millions of dollars with little or no effort on your part. Unless you have a wealthy relative with whom you share good favor and he/she has named you as the recipient of 1 million dollars in their will, you will probably win the lottery before you make a million dollars the easy way.

If you want it bad enough to be willing to do it the hard way, you are willing to take 100 percent responsibility to the work necessary to make your vision of having a million dollars a reality.

What do you have to do?

We can learn from millionaires who have amassed fortunes and started from scratch. These individuals set out to purposely create wealth and many started with little or no resources at the out-set of their financial journey.

What did they have?

1 Passion and Vision

They have a clear vision of the ultimate destination and the drive to make it happen that is so strong that it enables them to power-through the tough times (and there will be times when it gets rough).

2 Self Awareness

Successful entrepreneurs spend time assessing themselves of their skills and abilities, so that they are aware of their own individual strengths and weaknesses, realizing they will probably not be able to do it themselves, or having a team (made up of those who have the entrepreneur’s weaknesses as their strengths) to accomplish the mission.

3 Education

(Not the traditional get-a-degree type of education.) They teach themselves or learn everything there is to equip them to do whatever it takes to make their dream come true. Even if they are not doing the work themselves (outsourcing) they have a basic understanding of what needs to be done so they can hold others accountable.

4 Plans

They make plans and are willing to change them on-the-fly based on emerging data, as circumstances, the landscape and marketplace changes and they adapt.

5 Create Momentum

Without momentum, you’re really going nowhere. The people who really make their dreams come true are in the business of doing something every day (or regularly) that moves them closer toward where they want to be. Regular movement forward creates momentum and it is accumulative, resulting in a wave that can propel itself forward, while haphazard effort will mean much more work over time.

6 Accept the Process

Successful entrepreneurs who started on a shoes string accepted the idea that achieving their financial goals may take on many different faces and progress through different phases on the journey from here to there. It may take starting a small business, selling it and parlaying the profits into the next venture. A process that may need to be repeated until the goal is attained.

7 Fail Forward

Be willing to fail at any point along the way, but not to give up when faced with failure. Actually, to the burgeoning entrepreneur, there is no such thing as failure, as it is only a learning tool. It’s like being thrown off a horse. They don’t give up riding altogether. They dust themselves off, evaluate what happened, and get back on a little wiser than they were the last go ‘round.

Isn’t now the best time to start making a million dollars for you?

If I Could Just Get One Dollar from Every Person…

If I had a dollar from every person (client or not) who said to me, “If I could just get one dollar from every person…” (fill in the blank), I’d be almost as rich as those who fantasize about the idea, dream of being.

Sure, it’s a great idea, and there are people (and companies) who have done it.

But can you do it?

If I had a dollar for every person

How to make a million dollars

Can you actually get one dollar from everyone in your target market?

Well, to start; it’s up to you.

You must be willing to start to get the ball rolling… You are going to have to be willing to do some work (just like those who have done it before)… “But,” you say, he/she, “didn’t have to do any work, and look at what happened to them.”

Really?

You’re confusing possible with plausible. While a thing may be possible (as in it actually happened at some time in the past) to think that it is duplicatable may be highly unlikely; for if it were plausible, wouldn’t everyone do it? If you really think that you have a chance of being that lucky, but a lottery ticket and save yourself the grief.

Okay, let’s assume that you’re not looking for free money but you are looking for passive income. Passive income is income that is generated from something that you did in the past that requires little or no maintenance.

Is that plausible? Yes. Many people engage in investments or opportunities requiring work in the beginning that generate recurring income over time.

I’ve had the opportunity to work with some of the biggest selling authors in the world and cash from their continued sales of their books exceed the $1 per person that may seem so illusive to you at this point.

So, if you’re willing and able to write and publish a best-selling book, your chances could be better because you create and market your book in the beginning and if it’s a hit, you earn over the life of the project (as well as possible merchandise tie-ins and maybe even the film rights, etc…).

Besides writing a book, are their other ways to make passive income? You bet; people just like you are doing it every day. For instance you could buy and own a business that you don’t have to work. May be a little spendy at the outset but the continued income could be just what you’re looking for. But if you do this, make sure that you’re the owner, and someone else is doing all the work.

Enterprising creators can create a franchise, phone ap or software, designers (who create an original item that is replicated and they get a piece of the action) as well as inventors.

Rental real estate (where someone else manages the properties and you earn everything over actual expenses), rental stores, in fact rental anything!

Some of the other examples that I’ve seen include ATM machines, vending machines, blogs, e-stores, membership sites, online courses, Laundromats, sell ad space (physical or virtual) and licensing your ideas are just a few more examples of ways you can create continued cash flow off the back end.

Is it possible? Yes.

Is it plausible? Could be, if you stack the deck correctly, you could increase your odds immensely of having a winning hand.

My question to you is:

Are you willing, able and committed to work on this project and follow it through to completion?

Those are the people who I hang out with. These people have done (or are doing) the work necessary to be ready when lightning strikes.

Are you looking for a free ride?

Good luck with that… Really; I hope you are that lucky. 🙂