Random Post: Dissecting Jeremy Schoemaker
RSS 2.0
  • Home
  • About
  • MBA Guide
  • Print Ad Blog

    Happiness: In Money and Life

    October 8th, 2013

    You may have read the article which reports that Gallop found 70% of Americans are disengaged from their job. That’s too bad. But I would challenge the conclusion of the article which is essentially to do what you love and the money will follow or, to quote them:

    “The best performers do so much extra study and work that they become experts, and often becomes wealthy as a result”

    I think the key here is the under-emphasized “often”. Without any hard data, I would argue that while people that have earned their wealth are generally passionate about what they do, the inverse is not true. The article even vaguely hints at it when it says

    “Start by identifying your natural talents, abilities and interests; develop them; and use them to solve problems that people are willing to pay you for.”

    The key from this quote is “people are willing to pay you for”. The fact is: what you are passionate about might be something nobody wants to hear about, much less pay you for. Or it might be so specific that there is simply not enough people out there to actually pay you.

    Now, you might launch into a counter argument about how money isn’t everything, and I would agree with that. Money isn’t everything, but money is a component of happiness and that cannot be overlooked. People will often make the comparison that people go to a job they hate just to make ends meet (which is a whole different issue that when you have a family you can’t just go off and do what you’re passionate about and hope money will come in – your family needs to eat tonight), but people often fail to make the very reasonable reverse argument. People will go to a job they love and come home to a place they hate.

    Whenever people ask for my advice about what to do and how to balance their passion with work I tell them to pick their life goal. Don’t go after a career that will be perfect for you, but won’t pay the bills. Don’t take a job just for the money and hate your work. Do pick a job that you can reasonably enjoy and which provides for a life at home which makes you happy.

    There is no single formula that works. For instance, if you are all about deferred gratification and can work a job you hate but retire at 40, and that’s how you’re going to be happy with your life. Go for it. If you are an optimist and think your passion will make you money no matter what, and trying and failing would be better than not trying at all – a la Gary Vaynerchuk – do it.

    Ultimately, either is consistent with my philosophy to pick the life you want and go for it. So if you’re part of the 70% that are disengaged with your job, but consider that a fair trade-off for the stability and lifestyle it provides, I’m happy for you. Follow your life goal, with laser focus, readjust when necessary, and be happy.

    How happy are you?

    This has been a Thought From the Cake Scraps.