Passion vs Profit: Can You Have Both? w/ @adamwilber

About this video

Dale Roberts asks inventor, magician, and keynote speaker Adam Wilber about passion versus profit in building a self-publishing business. Wilber says the ideal answer is to be passionate and let profit follow, but the reality is profit has to come first. He has two children, was raised without money, and does not want to raise his kids that way; his passion is giving them a creative life and a better upbringing, which he cannot do without profit unless he works two or three jobs. The goal — the ‘holy grail’ and ‘home run’ — is to find a way to turn passion into profit, in his case magic and creativity. He says he would not give up creativity and magic for a huge check, because you have to wake up wanting to do what you do. If a passion like art cannot be monetized, find profit elsewhere and keep the passion as a hobby or community activity, get your finances straight first, and then let passion expand.

Key takeaways

• Profit has to come first in reality, especially when supporting a family — without it you cannot live out your other passions
• The ideal is the marriage of the two: figure out how to turn your passion into profit, which Wilber calls the holy grail
• Do not sell out your passion entirely for a huge check — you still have to wake up wanting to do what you do
• If a passion cannot be monetized, earn profit elsewhere and keep the passion as a hobby, free-time, or community activity
• Advice to ‘do what you love’ is easy for wealthy people to give; get finances straight first, then create free time for passion

Episode details: published April 15, 2018 · 4:30 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Dale L. Roberts’s own claims, shared for education — they are not typical or guaranteed.

← Previous: AMS Ads for KDP Print Books | Amazon Advertising · Next: How to Proofread with Microsoft Word Voice Reader →

All Dale L. Roberts videos · Dale L. Roberts profile · Dale L. Roberts on YouTube