Originally Posted by Bentley
I disagree. If you love what you're doing, you'll probably be happier and make more money than if you are doing something you hate.
Conversely, if you hate your job you probably won't be very good at it and will wind up making less money.
Not a hard and fast rule but, generally speaking, I find that it seems to be true.
This simply is not true. For example: I do not like my job but I make a lot of money. If I switched to a career I liked, and I was *wildly successful*, I would still make less money than I do now.
Like I said in my first reply - you will LIKELY be RELATIVELY more successful within the SAME profession if you "love what you do" vs. "hate what you do". That is about as much as you can say with confidence. The rest is simple bullshit.
So in conclusion:
Regarding financial success, love of job is 90% uncorrelated. It will likely skew you toward financial success within the same job. However your overall income will be 90% tied to your occupation/location/luck, while 10% of it will be tied to how much you love it.
Regarding professional success (i.e. how 'successful' you are within your specific field as deemed by peers in the same field), love of job is probably highly correlated.
Regarding happiness - that is difficult to measure. Doing a job you love is likely to improve your happiness in terms of what you do on a day-to-day basis. However it is possible that switching to a lower-paying, less-socially-respected career will also hinder your ability to provide for your family, provide your children with a top education, have the respect of society, make your wife happy, etc. I am NOT advocating that societal validation should be the primary source of our happiness - but I am also taking the realist/empiricist approach that it usually is a large component of overall happiness. This must be kept in mind when saying that "doing your dream job will make your happier". That is counteracted by other forces when your dream job does not pay big. If your dream job is being a lawyer or a banker, disregard the above. But in that case, you have some other problems to deal with.
There. That should clear up my view.