Episode 117

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Published on:

25th Sep 2023

Passion or Paycheck? The Career Conundrum | E117

Should my career be driven by passion and purpose or serve as a means of financial stability? At one point or another, you will face this career conundrum. 

I’ve thought a lot about whether I should follow a practical career path with a stable income and obvious earning power or take a chance on a path that will be filled with passion and fulfillment but the money and stability aren’t quite as obvious.


At some point in the first decade of your career, this will probably be a decision that you have to consider.


I don’t know why it is that some of the most stable and practical careers lack excitement and the thrilling and purposeful choices always come with huge question marks when it comes to money, stability, and freaking health insurance.


It would be very easy for me to be the optimist and daydreamer and say go for it. Follow your dreams. You only live once but money and stability are significant factors and your job is only one dimension of your whole life that doesn’t have to be optimized for fulfillment.


This choice is daunting, if not downright overwhelming. But I’m here to offer some thoughts on which path might be right for you at this current moment or even better, how one might find a balance of passion and practicality.


Key Takeaways:

  • 6 reasons to choose money over passion
  • Lacking passion for your work can come at cost
  • 6 reasons to choose passion over money
  • Why passion with no money can add unnecessary financial stress
  • 3 approaches to have a career filled with passion and money
  • How your perspective and priorities can change your approach over time


Mentions:

Passion Or Profit? Crafting A Career That Honors Both (Forbes): https://www.forbes.com/sites/kathymillerperkins/2023/07/26/passion-vs-pragmatism-decoding-the-career-conundrum/?sh=39807bf02d75


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About the Podcast

FI Minded: Achieve Financial Independence & Have Fun Doing It
Achieve Financial Independence & Have Fun Doing It
Want to achieve financial independence without missing out on the fun?

FI Minded is for anyone who wants to achieve financial freedom, live life on their own terms, and, most importantly, enjoy the journey along the way!

Whether you’re just starting to think about financial independence or already deep into the process, FI Minded gives you the tools and inspiration to make FI a reality - without giving up the things you love.

Each episode, we’ll cover topics like:
*Financial Independence Strategies: Simple, actionable advice to reach FI faster (if that’s your goal).
*Work Optionality: Transitioning from the corporate grind (no more "one more year syndrome") to a life of freedom and flexibility.
*Lifestyle Design: How to build a life that aligns with your values, goals, and dreams.
*Stories from the FI Community: Real people sharing their journeys to FI and what they’ve learned.
*Fun with FI: How to save your future and enjoy your current life through CoastFI, mini-retirements, travel, or just making the most of your time.
*Fighting Burnout: Balancing saving for your future while staying mentally healthy.

Some of our past guests include:
Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Jill Sirianni (Frugal Friends), Jacking Cummings-Koski (Catching Up to FI), Jesse Cramer (Personal Finance for Long-Term Investors), Diania Merriam (Optimal Finance Daily), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Joel Larsgaard (How to Money), Erin Lowry (Broke Millennial).
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