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4 Reasons People Who Follow Their Passions Fail (and How to Avoid Them)

4 Reasons People Who Follow Their Passions Fail (and How to Avoid Them)

Following your passion is a great way to live. It’s a lousy way to make a living. For most people, anyway.

Why’s that? Because not all passions can be made profitable. And, for those that can, not all passion followers have the right knowledge and skills to be successful in their endeavors. Not to mention the patience.

Don’t get me wrong. I’m not saying that following your passion is a bad thing, even as a career. It’s worked for a few people. You know. You’ve read their stories on the internet. The headlines that proclaim “I gave up a [successful career/six-figure salary/dead-end job], moved to a [foreign country/tropical paradise/treehouse in the jungle] to pursue my dream of [scooping ice cream/opening a yoga studio/becoming a modern-day Robinson Crusoe] and never looked back.”

Well, I’m calling it bullsh*t.

Because let me let you in on a little secret. It. Almost. Never. Happens. That’s why those unlikely stories are so intriguing. They’re aberrations. Anomalies. Completely out of reach of the average person.

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There’s More to the Story

Now that I’ve successfully dashed your hopes of realizing your dream, here’s the good news. It is entirely possible to follow your passion and still be successful doing so.

But in order to succeed, you must avoid these five mistakes that make people who follow their passions fail. It’s only by dodging these pitfalls that I’ve been able to get to where I am today.

1. They think they can follow their passions all the way to the bank.

Some passions translate well into careers or business endeavors. Others do not. Take me, for example. Sure, I’m passionate about real estate. But I’m also passionate about nature, travel, fishing, and lots of other stuff that’s never made me a dime.

What if, instead of real estate, I’d chosen fishing as a career? Spoiler alert: I would never have made much, if any, money as a professional fisherman. Yeah, maybe I could have moved to the tropics and opened an operation that offered deep sea fishing charters. But that’s not exactly the most lucrative profession out there.

Instead, I focused my efforts on something I knew I could make money doing. I worked hard to be successful at that and, as a result, I now get to enjoy all those other interests as much as I want!

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Bottom line: If you can’t make money doing what you love, then make money doing something else. Then put that money towards pursuing your passion.

2. They may love it, but they don’t understand it.

When I was getting my start in the real estate world, I had a heck of a lot to learn. And when I moved my family down to Central America to start investing in property down here, I had to learn way more. Property valuations and real estate transactions just don’t work the same as they do in the U.S.

I had to do a ton of research just to learn about the process, before I could even consider making any investments. I talked to realtors, attorneys, and other professionals. I talked to local farmers and land owners, the ones who would ultimately be the people I would be buying property from.

It was more work that I’d ever dreamed I’d have to put in. But it paid off. My business partner and I could never have experienced the success we’ve found if we’d approached the Latin market with only the knowledge we had when we left the U.S.

In other words, being passionate about something isn’t enough. You’ve got to know it backwards and forwards. Eat, sleep, and breathe it. And, most importantly, be willing to keep working hard at it even when it isn’t easy.

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3. They don’t have an exit plan.

One important thing to note about my success in the U.S. real estate market was that it happened during the biggest boom the business has ever seen. Practically everybody was developing projects and flipping houses. Any idiot could have made money in that market.

That was one of the reasons my partner and I started looking toward the tropics. We saw what was happening in the U.S., and we knew it wasn’t sustainable. We suspected a crash was coming, although we thought it would be specific to real estate; we just didn’t know when.

We could never have imagined the magnitude of the global economic crisis that ensued. But thankfully we had already devised a plan to not only stay afloat, but to build a thriving business in spite of the unfavorable conditions.

In short, if the pursuit of your passion is all that you have on your radar, then you will be devastated if–no WHEN–the unthinkable happens. And you will lie awake at night in fear that it will.

4. They rush in with guns blazing.

When my partner and I decided Latin America was the place to be, we didn’t turn in a two weeks’ notice, sell everything we had, and buy a one-way ticket. We took our time, and we did our due diligence.

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We spent every day for months scouting properties. We traveled the entire Pacific Coast from the El Salvadorian border, through Nicaragua and Costa Rica, and down to Panama. That’s when a lightbulb came on, and we knew we’d found the right place to focus our efforts.

Even then we had many more weeks of searching before we settled on what ultimately became our first project. Meanwhile, we still had work going on back in the States to help sustain us until we could get things off the ground in the tropics.

We spent many days puttering around in a beat-up truck with a crude map, trying to reach some remote destination. We’d drive until we ran out of road. Then we’d find a guy with a horse or a canoe and keep going til we got to where we were headed.

My advice to you? Don’t buy into the hype. Getting to a place where you can live a life you’re passionate about is not an overnight process. It takes work. But, more importantly, it takes time.

What’s Really Going on Behind the Scenes

The climax of most true “following your passion” success stories isn’t a mystical epiphany, an impulsive decision, or a rare stroke of luck. Instead it’s a mixture of many far less glamorous elements. Like patience, prudence, and a lot of hard work.

Sure your success story may not go viral on social media. But when you read the ones that do, you can laugh, like I do, knowing they just got lucky. Things may work out for them; they may not. But, at the end of the day, you and I can sleep a helluva lot better at night.

Featured photo credit: woman-1006100_1920/Counselling via pixabay.com

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Last Updated on June 19, 2019

8 Life-Changing Skills You Can Learn in Less Than 6 Months

8 Life-Changing Skills You Can Learn in Less Than 6 Months

Everyone has the ability to learn a life-changing skill not just this year, but in the next 6 months.

By life-changing, I mean something that can have a positive impact in your life moving forward, even if it’s something you can’t envision today. Certain skills we can immediately reap the benefits of, while others will be life-changing when we least expect it.

In this article, we’ll share 8 life-changing skills you can learn in 6 months, where you can learn them, and how you can get started today.

1. Speed reading

Bill Gates has been known to state that if he had one superpower, it would be the ability to read faster. What Bill and the rest of the mega-successful understand is that knowledge is power. The ability to process information faster from books, articles, and reports is what will help us learn faster, and therefore improve each aspect of our life faster as well.

Where you can start learning: Speed reading courses are becoming more popular, as more people realize how important it is with the limited time we have. You can check out free courses like Read Speeder or you can start learning how to use Spritzlet, which allows you to speed read articles online with a browser extension.

2. Public speaking

Research shows that people fear public speaking more than death itself. There’s something terrifying about being in front of dozens or hundreds of people, and exposing yourself completely. It’s when you’re most vulnerable, but learning how to public speak is a life-changer.

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Warren Buffett has given advice to recent graduates that the number one skill you can have to succeed is public speaking skills. Everything from communication, confidence, and sales is developed when you develop your public speaking skills.

Where you can start learning: Luckily, there are great communities out there like Toastmasters that organize local meetups all around the world. You’ll find amazing public speakers that are looking to get to the next level to beginners that are just getting started. Check out Toastmasters’ website here.

3. Spanish

As the third most spoken language in the world, the ability to speak Spanish will allow you to reach over 500M people around the world. No matter where you live, knowing how to speak Spanish is becoming increasingly more important, with the Hispanic population and economy spreading quickly worldwide. If you’re living in the US, this is even more important, with over 30% of the population being Hispanic.

Spanish is also on this list, because it’s one of the easiest languages to learn. Sure, Mandarin is an important language to learn, but it’s an incredibly difficult one to learn. If we were to measure the level of importance and the time to learn for all the languages available, Spanish would make it to the top of the list.

One of the biggest reasons why people never reach fluency in any foreign language is: using the wrong method, and lack of time.

It turns out that humans retain only 5% of what we learn from lectures, 20% of what we learn from apps (visual cues), and 90% of what we learn from immediate immersion. Yet, how do 90% of learn a new foreign language? Language schools (lectures), books, Duolingo (apps), etc that don’t provide the real-life immersion required for our brains to learn faster.

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Where to get started: If you want the most effective way to learn a language, learning from real-life interactions is the best way to do it. There are great websites like Rype, which offers Spanish coaching for busy people, solving the issue of lack of time and bringing real-life immersion to your screen. With Rype, you can book as many lessons as you want, at any time of the day, any day of the week, allowing you to fit it into your schedule, no matter how busy you are.

4. Accounting

If you’re looking to get into business, accounting is one of the core fundamentals you’ll need to succeed. While you don’t need to be an expert, you definitely should understand the basics.

This skill can also be used to manage your personal finances, to meet your financial goals, and having more control over your life.

Where to get started learning: If you didn’t learn accounting in school, no worries. You can either teach yourself using books, or check out free accounting courses online.

5. Microsoft Excel

Most people reading this probably have a basic understanding of Microsoft Excel Spreadsheet. While this is a good start, there are so many powerful functionalities that are hidden, which could make your life a lot easier.

Excel is also a great asset to have whenever you’re looking for a job, as many corporations rely on Excel to organize and manage multiple parts of the business.

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Where to get started learning: With the popularity of Excel, you can find tons of free resources and videos online to learn. Check out Excel Exposure, Lynda, and Excel with Business.

6. Blogging/Vlogging

Blogging is a powerful tool if you want to spread your ideas, build your brand, or grow your business. Since it was introduced, blogging has taken on a life of its own, and today there are ~2M blog posts being written on a daily basis.

Where to get started learning: Anyone can start blogging today. All you need is a content-management system like WordPress, which is completely free. Personally, I think the best way to start learning how to blog is to just start writing. There are techniques you can learn on how to promote your blog, but the best way to grow your blog is to write great content.

7. Weight training

Yes, weight training is a skill. It’s not as advanced as learning how to code, nor will it take as long as learning a new language, if you just want to learn the basics.

We’re not promising that you’ll get a body like Arnold Schwarzenegger, but you will see much faster results for whatever goal you have, just by understanding how to workout properly. And of course, when you’re dealing with an activity that involves physical strain, you’ll always want to caution yourself.

Where to get started learning: There are amazing body builders that are sharing all of their secrets for free on Youtube. You can check out Bodybuilding.com’s Youtube channel to get started.

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8. Photo and video editing

In the digital world that we live in, from Youtube, Instagram, and Facebook, there is no avoiding photos and videos. In fact, social media has increasingly gone away from text sharing and almost everything to photo and video editing.

Where to get started learning: For photo editing, you can use Photoshop. For video editing, you can use iMovie or Final Cut Pro. Keep in mind, there are dozens of editing software tools for video and photo editing, but what’s more important are your editing skills, not the tool itself.

Check out education websites like CreativeLIVE or Skillshare, where you can learn from experts themselves on how to best use design and software tools.

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