- in Careers
Advice From Rich Dudes
Have you ever noticed how some of the most financially successful people in America say, “do what you love?” Well, keep in mind that “what they love” happens to be insanely lucrative. It’s not the same thing to love value investing as opposed to love mastering the xylophone (lovely though that instrument may or may not be).
If you don’t want to be broke as you build a family and eventually retire, keep a weather eye for things you love that happen to pay really well.
Jamie Dimon, the CEO of JPMorgan Chase, seems to love banking. That pays a lot better than someone who loves basket weaving.
I know it seems obvious, but people like to say “just do what you love” without pointing out how different the consequences of that move are depending on the field you are in….
Thanks for adding that nuance. I have read elsewhere that instead of trying to follow your passions, expecting the money to follow, you should follow the money and gain the clout to design your work in a way that you love going to work.
Yep. That sounds like a pragmatic appraoch!