i never followed my passion... and neither should you.

Following Your Passion Will Keep You Poor

In this video, the speaker explains why following your passion is not always the best way to build wealth. He argues that successful people prioritize practicality over passion and focus on solving problems in accordance with their skill set.

Passion vs Practicality

• LeBron James, Drake, and Virgil Abloh followed their passions but still had to be practical about their craft to achieve success.

• Wealth is built through practicality, not passion. Successful people put practicality first.

• The owner of a $30 million jet made his money in waste management, not fashion or coffee shops.

Solving Problems for Wealth

• To make money, you need to provide a service or product that the market needs or wants.

• Focus on becoming a professional problem solver by solving the market's problems through products or services.

• Detach from the idea that you need to solve only colorful and airy-fairy problems. Solve problems in accordance with your skill set.

Practicality and Problem Solving

• Work can be meaningful without being passionate. The speaker's work is more meaningful than anything else on Earth but he did not start his software company for agency owners because he wanted to change the world.

• Solve problems in accordance with your skill set. Start small by providing services like organizing Google Sheets or Discord moderation before creating software that directly competes against Discord.

This transcript has a limited number of timestamps available.

Why Following Your Passion Will Keep You Poor

In this section, the speaker explains why following your passion can lead to financial struggles.

Emotions Make You Weak

• Emotions are beautiful but make you weak in business.

• Passionate business owners often live in their own world and don't use logic.

• Successful people are not married to the root; they focus on the final destination.

Making Money from Your Passion Can Be Depressing

• Once you start making money from your passion, you may stop enjoying it as much.

• You start optimizing based on what works and lose some of the joy for it.

• It's important to have passions that are separate from your income so that you can continue to enjoy them.

Separating Passion and Income

In this section, the speaker talks about separating passion from income. He explains why it is important to keep certain things in life as a passion and not make money from them.

Keeping Passion Separate

• The speaker believes that it is important to separate passion from income.

• He shares that he has thought about starting a watch dealership but decided against it because he wants to keep his watch collection as his passion.

• The speaker believes that there should be certain things in life that are sacred and kept as a passion without making money from them.

Reasons for Separation

• The speaker believes that keeping your significant other out of your business is important because no one wants to sleep with their business partner.

• The speaker thinks that making money from something can take away the fun and enjoyment out of it.

Conclusion

• The speaker encourages listeners to build their practical 100K businesses and leave behind the idea of following their passions for income.