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Afford Anything | Make Smart Money Choices

Ask Paula: Can I Make Money With My Passion?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 18 January 2023

⏱️ 71 minutes

🧾️ Download transcript

Summary

#423: We’ve heard the warnings about following your passion.  People ask if you can *actually* make money doing what you love. They frame the question “passion or profit?” as though these are in opposition.   The majority – who have never tried – decry, “what if you fail?” Nobody asks the more important question: what if you succeed? Are you still going to love your passion when you rely on it to pay the bills? We grapple with that question in today’s episode, which is devoted to side hustles and starting a business. We use questions from two of our listeners as a jumping-off point to discuss the realities of going into business for yourself, doing what you love.  We share examples from our own lives as professional podcasters, as well as from the lives of friends who are full-time photographers, musicians, writers and other creative entrepreneurs. Enjoy! P.S. Got a question? Leave it here For more information, visit the show notes at https://affordanything.com/episode423 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.2

Every choice that you make is a trade-off against something else and that doesn't just

0:14.6

apply to your money.

0:15.6

That applies to your time, your focus, your energy, your attention to any limited resource

0:20.4

that you need to manage, saying yes to something implicitly.

0:24.6

Carries trade-offs.

0:25.6

And that opens up two questions first, what matters most, second, how do you align your

0:31.1

choices around that which matters most?

0:36.4

Answering those two questions is a lifetime practice and that's what this podcast is here

0:40.2

to explore and facilitate.

0:42.7

My name is Paula Pat.

0:43.7

I'm the host of the Afford Anything Podcast.

0:46.7

Every couple of weeks, every other week, we answer questions that come from you and my

0:52.0

buddy, Joe Salcihi, former financial plan and former money guy on Detroit's WXYZ TV.

0:59.7

Joins me to answer these questions.

1:01.3

What's up, Joe?

1:02.3

You know what else I used to do, Paula?

1:04.6

I used to work in a Pepsi bottling plant.

1:06.8

You're going to tell me some high school job, aren't you?

1:09.8

Well, I had to quit because it was so depressing.

1:12.5

Oh, sorry.

1:17.0

It's early here, Paula.

...

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