5 Ways to Follow Your Passion – Without Going Broke

The phrase “follow your passion” has a negative connotation these days. With websites like Etsy making it easier for people to take on jobs at home, more people are following their dreams. However, that also means that more people are failing. What does it take to follow your passion without going broke? What is the difference between blindly following your dreams and successfully achieving your aspirations?

#1) Know That It Won’t Happen Overnight

You’re going to have to Give It As Much Time As Possible. I don’t just mean that you need to allot time to this project outside of your work hours – though that is true as well. You’re going to have to make some of your short term goals for this project into long term goals. Effectively ruminate over your ideas and allow them to grow naturally without forcing your project to get too big too fast. It may sound counterproductive but giving your passion time to work out will also allow you to:

  • increase your knowledge about business,
  • give you the time to be an expert in your field, and
  • allow you to make smart decisions instead of hasty ones.

#2) You Will Have to Make Sacrifices

You won’t be making the kind of money that you’re dreaming of right now. At least, not initially. It will take an enormous amount of time, effort, and money in order to make a living off of your dreams. I’m not saying that it’s impossible, of course. However, it’s going to take a lot of planning and some sacrifice.

Not only that, you’ll also be pitted against people who don’t believe in your dream and don’t appreciate the creativity and ingenuity that it takes to fulfill those dreams. Don’t let these people bring you down. Use their wavering support and their negativity as motivation; prove them wrong!

#3) Don’t Quit Your Day Job

Some people believe that when you follow your passion, you need to devote all of your time into this endeavor. While it is true that you need to focus on this passion, splitting your time between a day job and this new journey won’t make you any less dedicated. You need to make sure that you have enough money coming in to support, you, your family, your savings, and the new expenses that come with following this plan.

#4) You’ll Have to Be Strong

We face difficulties every day. Look at how you handle these everyday stresses. Do you have a tendency of over-stressing in situations that aren’t in your control? Do you have problems letting things go? How do you deal with the repercussions of making a mistake? How about your personal and professional life; are they balanced?

You need to be able to answer all of these questions in a positive way in order to determine whether or not you are in the right frame of mind to be able to tackle such a difficult thing – yes, this new endeavor will be difficult. It will be a challenge. However, if you are up for it, this new journey will be worth it in the end.

#5) You Have to Have Realistic Goals

Realistic goals, long term goals, and dreaming big don’t have to be different. You can dream big but also dream realistically. The difference lies in the planning processes and the execution of those processes. If your dream is to make millions of dollars from your new small business – you need to be able to back that dream up with hard facts, numbers, and an effective (yet flexible) plan. In fact, you need a number of plans – but we won’t get into those right here. Just know that HUGE, realistic goals are possible if you have the right amount of determination, ingenuity, tenacity, and innovation.


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