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L. A. Schlesinger, C. F. Kiefer, and P. B. Brown HBR/ March 2012 Summarized by: Vahid Shamekhi
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Page 1: Choosing between making money and doing what you love

L. A. Schlesinger, C. F. Kiefer, and P. B. BrownHBR/ March 2012

Summarized by: Vahid Shamekhi

Page 2: Choosing between making money and doing what you love

If you’re really passionate about what you do,

but it’s not going to make you a lot of money,

should you still do it?!

Page 3: Choosing between making money and doing what you love

Do what you

love, the

money will

follow…

Page 4: Choosing between making money and doing what you love

Do what you

love, the

money will

follow…

Is it true???

Page 5: Choosing between making money and doing what you love

That desire will make you more creative and more

resourceful, and will help you get further faster.

when you’re heading into

the unknown, desire is

all-important.

Page 6: Choosing between making money and doing what you love

And, it will help

you persist…

Page 7: Choosing between making money and doing what you love

When you’re trying something that’s never

been attempted before — beginning an

unusual project at work, or trying to get a new

business off the ground — you’re going to face

a lot of obstacles.

You don’t want to be giving up the first time you encounter one.

Page 8: Choosing between making money and doing what you love

But, let’s be real.

None of this guarantees wealth,

or even financial success.

Page 9: Choosing between making money and doing what you love

I have the desire, but I

am pretty certain it’s not

going to lead anywhere

that’s monetarily

profitable.

Page 10: Choosing between making money and doing what you love

Now what?

Should I still go ahead?

Page 11: Choosing between making money and doing what you love
Page 12: Choosing between making money and doing what you love

If you can’t afford to do the thing you’re

passionate about — which is something

you think is more important than whatever

you’re passionate about — then no, you’d

better not bet your economic life on it…

Page 13: Choosing between making money and doing what you love

A basic principle concerning how you should deal with

an unknown future is that every small smart step you

take should leave you alive to take the next step.

Page 14: Choosing between making money and doing what you love

So, make sure you attend to your

lower order Maslow needs of food and

shelter and the like.

Page 15: Choosing between making money and doing what you love

But even this doesn’t mean you can’t work on your

passion a little — even if it’s just for 15 minutes a day.

And you should!

Page 16: Choosing between making money and doing what you love

Research shows that people who make progress

every day toward something they care about,

report being satisfied and fulfilled…

Page 17: Choosing between making money and doing what you love

We’re in favor of people being happy…

And we’re also in favor of provoking people into

pursuing happiness…

Page 18: Choosing between making money and doing what you love

“Once I get enough money, I’ll do

what I really want to do. I won’t worry

about the money.” But somehow, they

never get to that point…

Page 19: Choosing between making money and doing what you love

Time is finite...

The question might

be enough to get you

to reconsider how

you’re spending it…

Page 20: Choosing between making money and doing what you love

And of course, the assumption embedded in

the question could be wrong…

Page 21: Choosing between making money and doing what you love

And of course, the assumption embedded in

the question could be wrong…

You might, indeed, end up making money if

you engage in your passion, even though

you currently think you won’t.

Page 22: Choosing between making money and doing what you love

Remember, the future is unknown…

Page 23: Choosing between making money and doing what you love

Who knows what people will buy, or what you

might invent after your very next act…

Page 24: Choosing between making money and doing what you love

Who knows what people will buy, or what you

might invent after your very next act…

At any moment in time, you are only one thought

away from an insight — an insight that can

change everything…

Page 25: Choosing between making money and doing what you love

When you are facing the unknown, they only way to

know anything for sure is to act…

When you are dealing with uncertainty you act…

Page 26: Choosing between making money and doing what you love

You don’t think about what might happen, or try to

predict the outcome, or plan for every contingency.

You take a small step toward making it a reality,

and you see what happens.

Page 27: Choosing between making money and doing what you love

Who knows?

Page 28: Choosing between making money and doing what you love

Even the smallest

step can change

everything…

Page 29: Choosing between making money and doing what you love

So take those small steps…

You might discover that your passion

does, in fact, make you money…

Page 30: Choosing between making money and doing what you love

After all, who knew you could make huge

amounts of money figuring out a way to

connect all your friends (Facebook) or make

a better map (pick your favorite GPS tool)…

Page 31: Choosing between making money and doing what you love

Even if you don’t, you want to spend part

of your day doing at least one thing that’s

making you happy…

Page 32: Choosing between making money and doing what you love

Even if you don’t, you want to spend part

of your day doing at least one thing that’s

making you happy…

Otherwise, something is terribly wrong.

Page 33: Choosing between making money and doing what you love