The Common Denominator of Billionaires
Well, yes…and no. It’s not quite that simple. Aside from doing what you love (your passion) you must also find a way to communicate sufficient value to the marketplace. Otherwise you’ll be passionately broke.
Still, while passion alone is not enough, it’s even more difficult to make a lot of money without that passion.
Yes, there are certainly those jobs where one can earn a high income without passion. However, a sense of emptiness will soon set in. It’s also difficult to keep up the pace necessary to bring in the money without having that driving passion.
In John David Mann’s and my book, The Go-Giver, the main mentor, Pindar, tells his new protege, Joe:
“All the great fortunes in the world have been created by men and women who had a greater passion for what they were giving — their product, service or idea — than for what they were getting.”
I was reminded of that while reading a recent issue of the magazine, The Week. They related the story of the recently deceased billionaire, Amar Bose. Yes, the founder of Bose Corporation. While still in high school — in order to help his family make ends meet — young Bose worked repairing radios.
According to the magazine’s account:
Amar Bose was finishing his doctorate at the Massachusetts Institute of Technology in 1956 when he treated himself to a new hi-fi system at Radio Shack. But when he tried out his new purchase, he was appalled by the awful acoustics. The inability of modern speakers to replicate live sounds, he said, became “a problem that began to obsess me.” That obsession would eventually make him a household name, a billionaire, and a legend in the world of high-fidelity acoustics.
It wasn’t money, but an obsession (a passion) that drove him. But, wasn’t the money great? I’m sure it was. But, here’s what he was quoted as saying that was not only profound…but so typical of those who’ve amassed great fortunes:
“I never went into business to make money but so that I could do interesting things that hadn’t been done before.”
Whether serving the world, expressing your creativity, or fulfilling your sense of adventure, passion before profits typically equals more in profits.
In October, I’ll be in seven different cities so check out this link and, if I’m in your area, I hope you can attend.