Leidenschaft oder Geld: Wonach den Job wählen?

0:00I used to really believe that everyone should try to do what they love and love what they do. >> Yeah. >> And I've changed my mind about that. >> And I used to believe it very strongly probably like 10 years ago. >> Mhm. >> Only to then realize that that works great for the 1 to 10%. >> Yeah. >> But for the majority of people that's going to be really really hard. Mhm.

0:24>> And recently I was giving the Princeton commencement speech for their graduation >> and I was thinking about it a lot before I gave that speech because I was like, "Wait a minute, these are like >> the most talented, >> smartest people in the country who have everything at their disposal." And I know that even some of these people may not get a job they love >> or may never ever build something they love. But guess what? Everyone needs money to survive. So the question is and I want to hear your take on it and I'll reflect back is should you do what you love for money and love what you do?

0:57>> I think this is big myth number two. So if we have we start with you know passive versus active is big problem number one. Um number two is follow your passion. I think the reason that this is so espoused I'll start where I think the idea comes from and then kind of break down from there. I think it's because most of those commitment speeches are billionaires or very successful people and they say follow your passion. But if we think through what other advice could they give that would be socially acceptable. They can't say you know I got lucky. They can't say um I worked you know super hard [laughter] cuz people were like sure you know like and so then it's like okay well they're never going to get attacked for saying follow your passion. But the problem with that is it also assumes that your passion or your interest will never change.

1:39>> And I mean anybody who's listening to this just think about what you were really interested in 10 years ago. It's probably different than it is now. And if you extrapolate that another 10 years, it'll probably be different again. And so if we can think about the hypothetical extreme of a really successful person is someone who sticks with the same thing for an extended period of time, which is something that I believe because you learn all the lessons you possibly can in a very narrow field, right? And that you basically try and make as many mistakes as you can. And if you basically, you know, pay off all the all the ignorance debt you can, it's like you end up just succeeding by default if you just fail every other way. But if you try and if you try and do too many things, you never actually get to to push the road all the way, you know? trudge through the mud and get there because you're only learning one or two mistakes in many fields and not many in one.

2:20>> Yeah. >> And so the follow your passion issue is that yeah, number one, the the passions will change. Number two is that sometimes you're passionate about things that people don't value. And the thing is is there's nothing wrong with that. It's just that it'll be very hard to make an income that way. >> The third thing is that I think that it creates an emotionality around business or income, which is that the moment it doesn't feel good that you believe the myth that you should stop. >> When I think that >> Oh, good. you if you and I were to talk about you know the business side of anything there are elements that I love and there are elements that I hate and I see them as both required you know I would love to maximize one versus the other but it's just the cost of doing business literally but I try to reframe that pain that comes from doing the things that I don't want to do to do the things that I do want to do as the price tag required to become the person that I want to become and so if we think about the traits of any person so it's like if I want to be patient, then I can't expect things to happen faster, right?

3:16Like if we were to go to the end of our lives and say, "Hey, I want these character traits." It's like, well, if you had to play a character, you know, in a video game and make them that way, it's like, well, what would you have to put them through in order to get those traits? It's like, well, if you want patience, then you're not going to get things quickly. If you want to have endurance, it's like you have to be able to tolerate suffering, right? If you uh if you want to be wise, it's like you're going to have to get burned and you're going to have to learn the value of judgment. And sometimes that means you're going to get betrayed in order to learn that pattern. And so it's like we we lament the price tag for the things that we want. And I think that at least for me, my ultimate, you know, long-term goal is just to become the person that I the best version of me, right? And I think that in order for that to happen, I will have to go through pain. And so the follow your passion, you know, moniker also creates this emotionality that gets you to quit when you really are on the right path. And it's just this is just part of it. And so I think those are probably the big three um that I think about when it comes to why follow your passion doesn't serve most people. And the other I'll say bonus fourth might be that you might be really good at something and people are very willing to exchange money for that thing and it doesn't mean that you actually have to do the thing that you work on that you make money on all the hours of the day,

4:26>> right? Like you can work for 20 or 30 hours a week and then have the other 120 to do whatever you want, 130 to do whatever you want. Um, and that's I mean not a bad not a bad thing in my opinion. Real quick, if you're a business owner and you are not growing as fast as you'd like, I'd like to give you a free gift. So, my team and I put together the $100 million scaling road map, which is basically 200 hours of us looking over all the portfolio companies we've had and what stages of growth they went through and more importantly where they got stuck and how they got past it. And so, we broke it in these 10 stages and we made this little kind of quiz thing where if you put in your business information, it'll tell you where you're at. And the most important part for you, what to do for each of functions of the business across product, marketing, sales, customer success, recruiting, IT, human resources, and finance. And so, no matter what you're struggling with, someone else has already struggled with it and solved it. And so, I'd like to give you this thing absolutely free. You can go to acquisition.com/roadmap, plug in your business information, and if you want us to actually help you deconstrain the business and you're trying to scale, we'd love to help you out on the thank you page. just book a call with my team and we will look at the business, see if we can help, and if we can, we'll invite you out to Vegas and we'll do this in person live.