Posts

image of calculater for blog & podcast about how to fund your passion

How to Fund Your Passion

image of calculater for blog & podcast about how to fund your passion

It’s never too early to start thinking about how to fund your passion. We are going to share three ways to do it!

Last time, we continued our conversation about Hollywood’s dirty little secret. We discussed what to do if you can’t do what you love.

Today, on The BIGG Success Show, we continued the conversation even further. We talked about how to fund your passion. Here’s a summary of that discussion.

This series of shows was inspired by the story of Geoffrey Owens, best known as the son-in-law on The Cosby Show. He was seen bagging groceries at a Trader Joe’s.

It seems a lot of people these days feel better about themselves by mocking others. But, he argued, working at Trader Joe’s helped him pay the bills while he continued to do what he loves to do: acting and teaching.

The good news is…good prevailed – he got an acting gig. So now he can follow his passion full-time. But his story inspired us to think about how to fund your passion.

Read more

Profitable Passions – Part 1

career_renegade We are privileged to have a special guest on The Bigg Success Show today. Jonathan Fields is a lawyer, entrepreneur, and author of the recently released book Career Renegade: How to Make a Great Living Doing What You Love.

___

___

___

marylynn
So Jonathan, you’re a renegade. That sounds so fun … so dangerous.

___

___

jonathanWell you know I live my life all around danger. But the renegade side is just taking a different approach to how you earn a living. It’s almost like taking everything everybody says you can’t do and won’t succeed at and then somehow figuring out how to do it.

___

The limitations of others

___

georgeI think that’s a great point. It doesn’t matter if it works for anybody else. As long as it works for you, that’s all that matters.

___

___

jonathanAbsolutely. And it’s funny … people think it’s age-dependent to a certain extent and I’ve had people who were 16 come to me and say, “Hey listen. I can’t get anybody to take me seriously because I’m 16 years old, but I have mad skills in the IT world.” And then I’ve had people come to me who are 55 and say, “I have this idea and nobody will take me seriously because I’m too old or I have too much on the line.” But the reality is that you make your own opportunities in life. When people say, “You can’t do that” what they’re really saying is, “I can’t do that. So who do you think you are to try?” You have to understand that and step outside that limitation. Realize that it’s their limitation and not yours. If there’s something you truly believe in, just do it.

___

Becoming a renegade

___

marylynnLet’s go back to your renegade story. You were a lawyer making good money and you decided to walk away to follow your passion. What motivated you to do it and how did you get past your fears and go for it?

___

___

jonathanDepending on how you look at it, I had the good fortune or the bad fortune of having a bit of a health issue. I was actually not too deeply into my law career at the job and the career and the firm that everybody wants to be at making a great living. After working a three-week stint with very little sleep and very little downtime, my immune system essentially shut down. My body was, literally, physically rejecting my career. So I started making a list of things that I thought would be really cool to do, that I love to do, and that I could somehow figure out a way to make a living at.

___

It’s not the hours

___

marylynnDoesn’t being an entrepreneur take as much time? I hear a lot of people saying that they don’t want to be a business owner because of the time that it takes.

___

___

jonathanAbsolutely. Being an entrepreneur takes as much time, if not more time. But it’s not so much the hours that you put in, as it is how you spend those hours, which determine your satisfaction with what you’re doing. I put in a lot of hours – between writing and running different businesses – but I have control over those hours. I’m a family person so there’s nothing more important to me than having time with my wife and my daughter. So I wrap those business hours around the time that I know I want to spend with my family. I make breakfast and lunch for my daughter. I hang out with her in the morning. I pick her up from school. And then I may work a little bit in the evening after everybody goes to bed. The flip side is that when I wake up, I can’t wait to work. I’m bummed when I can’t work because I love what I do so much. So when that’s how you define work, hours don’t really mean a whole lot anymore. The bigger challenge becomes balancing multiple passions so that you have enough time to intelligently honor whatever your commitments to those passions are.

___

Is now the right time?

___

georgeJonathan – it would seem like the objection a lot of people might have – there are times to start a business and there are times not to start a business. Like right now, is this a good time to be a renegade?

___

___

jonathanThat’s a great question. In my mind, it’s a phenomenal time. Some of the biggest companies that are out there today were started during the last substantial recession. Within any time where there’s economic challenge, very often the people who are willing to take risks, when everybody else is awash in a sea of paralysis, are the people who end up being in a phenomenally better place once we emerge from whatever’s going on. They tend to be really well positioned to move forward aggressively. The challenge with what’s happening now is credit. A lot of people are saying, “Listen, I would be willing to take a risk.” Hundreds of thousands are out of a job. They’re saying, “I can’t go back to that job. If I had access to money, I actually might take the risk but I don’t.” But what’s really interesting is that there is a massive move to creating entrepreneurship online where you can swap work for money. It’s not so much that people don’t have the money anymore because you don’t need a whole lot. It’s that they don’t have the knowledge of what’s capable when you tap the online world. All you need for that is a broadband connection and a little bit of money to get going. You can literally transform a lot of knowledge that you have into monetizable businesses if you know how to do it.

___

___

marylynnSo if your specialty is marketing, you can create your own brand online. Instead of just having your local clients, now you can have a shot at international clients.

___

___

jonathanYeah. Being online opens up a worldwide market to you – whether it’s marketing or making kooky hats. There may be only 100 people in your town that would support a kooky hat store. But if you open up your market to online, maybe there’s thousands, or tens of thousands, or hundreds of thousands. You also don’t have to pay the rent for a storefront. You’re cutting a massive amount of your fixed overhead. I’ve been an entrepreneur, both online and in the brick-and-mortar world, so I understand the issues of overhead very well from both worlds.

___

Learn more about Jonathan at his Career Renegade site.

___

Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks so much for stopping by our site today. Join us next time when we continue our discussion with Jonathan. He gives more great advice for all you career renegades who want to get a business going. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00319-012909.mp3

Related posts

Profitable Passions – Part 2

Seth Godin on Tribes: Part I

Freedom Or Security – Which Do You Choose?

(Image in today's post by Career Renegade)