Would you take a 50% pay cut to pursue your passion?

Discussion in 'Business, Careers & Education' started by gladhands, Apr 29, 2011.

  1. Blackhood

    Blackhood Senior member

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    So far I haven't had a job that I wouldn't have done for half the money, so I suppose that means I would follow my pasion. I'm lucky that my passion is a fairly well paying field.
     


  2. mainy

    mainy Senior member

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    Threads like these make me happy that my passion in life is business, entrepreneurial endeavours and making money. Now the only question is how good will I be at the execution part.
     


  3. JhwkMac

    JhwkMac Senior member

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    Was faced with this question last year. Chose the money. It's hard to be passionate when you're having trouble making ends meet and can't do the things that, to put it in divorcee terms, have grown accustomed to.

    If half of your income still allows you to do most of the things you want to do but it means you will only have one yacht instead of two, like some here. Then I think the answer is clear.

    When your so good at what your passionate about that it pays big, that's gold baby.
     


  4. Steve B.

    Steve B. Go Spurs Go

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    I did. So far it hasn't worked out the way I wanted, but that doesn't mean it won't in the long run.
     


  5. whacked

    whacked Senior member

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    This is where I'm at as well. Though I do reckon that passions evolve, and most things can be put on the block at the right price. So would I do something I don't care about for twice the money? It depends. [​IMG]
    I am pretty passionate about what I do, so I think the question is whether I would do something I don't care about for twice the money. Probably not, although then I would be near the styleforum minimum income.
     


  6. StephenHero

    StephenHero Black Floridian

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    The people that enter my profession hoping to make money are the stupid ones that won't make any, and the ones who turned down viable, lucrative careers in other fields often seem to be the ones that end up making out okay.
     


  7. kxk

    kxk Well-Known Member

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    given that my "passion" is one that doesn't draw a paycheck (writing), if i could be assured 50% of what i'd be making (year from now; right now, still a grad student), i'd probably snatch that deal up in a heartbeat
     


  8. yerfdog

    yerfdog Senior member

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    Actually that is my plan in the next few years. I pretty much hate my life right now. My 16 year old son is battling Cancer (doing pretty well at the moment), I don't like my job, don't see any value in my marriage any more... I am trying to figure out what I can live without and whether I can find happiness doing something I enjoy. My fear is that I won't be happier and I'll be poor. [​IMG]

    Whoa, this post was a lot heavier than everything else in the thread. Sorry to hear about that situation, that's tough. Best of luck to you and son.
     


  9. Mr Herbert

    Mr Herbert Senior member

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    turning your passion into a career is a good way to learn to hate your passion

    people who already claim they love their careers are glass half full types - more to do with personality than career choice.

    im obviously excluding rock stars etc from these generalisations
     


  10. yjeezle

    yjeezle Senior member

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    gtfo OP. my passion is $$$$$$

    [​IMG]

    No, I wouldn't. Mainly because I don't think that it would be my "passion" if I had to depend on it.
     


  11. in stitches

    in stitches Kung Joo Moderator

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    Definitely. Money is meaningless to me as long as it is over a certain bar. Luckily, 50% of my current income is > than the bar.

    sadly that is not the case for me, on both counts

    I think about changing the avatar now and then, but i suspect the protests would be vehement

    you would get death threats in your pm box, and people would be much more critical of your posts, dont do it man, dont do it.
     


  12. NAMOR

    NAMOR Senior member

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    Yes, as long as that 50% is over what I need to live comfortably. I can see myself doing this in about 40 years after I retire.
     


  13. Rockwell

    Rockwell Well-Known Member

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    Actually that is my plan in the next few years. I pretty much hate my life right now. My 16 year old son is battling Cancer (doing pretty well at the moment), I don't like my job, don't see any value in my marriage any more... I am trying to figure out what I can live without and whether I can find happiness doing something I enjoy. My fear is that I won't be happier and I'll be poor. [​IMG]

    I was going to post a smartalex reply but I just read your post and it was extremely deep and profound. I feel for you...I have had cancer hurt people very close to me (knock on wood). Best of luck to you and family.
     


  14. edinatlanta

    edinatlanta Senior member

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    I have no desire to live in poverty so no.
     


  15. smartxtai

    smartxtai Member

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    In a few months, I plan to leave my six figure salary and very stable job for a commissions only position in commercial real estate brokerage that on average, pulls little to no income for the first two years. But I'm making this crazy move because my passion is real estate investments and by diving into commercial investment brokerage, I know I will gain the necessary network, knowledge, and resources to personally invest and make wise investments in commercial real estate one day.

    So to your question, yea I would and am planning to take a 100% paycut. Money is not what's important to me right now since I have a financial cushion to sustain myself sufficiently for an extended period of time. I know I will make the money back ten-fold with the knowledge and network I'll acquire by being actively involved in this business. However, I will say that my personal situation has also allowed for me to take on such a risk for I am still in my late 20s, currently have very little debt, and have no personal obligations.
     


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