May
13

Does Money Follow Passion?

This article appeared a few days ago on The New York Times site under small business in The Shifting Careers Blog. Thanks Ann Permann McNair, Career Services Coordinator for UT- Austin, for sending this in for me to post!
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Does Money Follow Passion? Top Bloggers Weigh In

By MARCI ALBOHER

If there is one question that plagues so many of us in our career choices, it is whether it is wise — or even possible — to build careers out of our passions. And there’s a corollary question that often goes along with it: Will financial success necessarily come to those who follow their passions? I’ve covered this before, but I just discovered an excellent post on Chris Guillebeau’s blog, The Art of Non-Conformity, in which several of my favorite bloggers chime in on this subject. (Thanks to Gretchen Rubin, of The Happiness Project, for bringing it to my attention.)

The short answer, of course, is, “It depends.” If you happen to have a passion for choosing stocks, the money will follow a lot more easily than if you have a knack for writing Shakespearean sonnets. But most of us fall somewhere in the middle of those extremes, and that’s why there are as many answers to the question as there are career paths.

Here’s a taste of what the bloggers had to say:

From Mignon Fogarty, of Grammar Girl (a very sticky site for grammar geeks or those needing a little assistance in that area): “Having passion and loving something don’t guarantee that you’re good at it or that it will make a successful business.”

From Darren Rowse, of ProBlogger (the authority on just about anything having to do with blogging): “I think it can be true — but what if you love doing something that there is just no economic sense in?”

From J.D. Roth, of Get Rich Slowly (a personal finance blogger who provides solid advice about money while conveying a “money isn’t everything” vibe): “Well, I’m not convinced there’s a strong correlation. I think that financial success can be related to doing what you love, but it’s not always the case. I have friends who love to teach, but they’re never going to get rich at it. I have friends who hate their jobs but make a killing.”

Each of them — and the others — said lots of smart things. So if this debate interests you, read the full post.

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