Our economy is changing. We’re no longer living in a society where you know exactly what job you’re going to have and how much money you’re going to be able to earn when you’re still a little kid. Markets are popping up for all kinds of crazy products and services. There are a ton of new niches to fill, and you just might be the right person for one of them.
Do you have a hobby that lights you up? Is there a fun activity you do on the weekends that you wish you could do every day? Or maybe you have developed a side-hustle out of something you enjoy, but you haven’t taken the leap to make it your career.
I get it. It’s scary. Most of us have grown up in that old-school mentality that tells us we have to graduate from high school or college, take the first job we find that pays the bills, and ride that out until we can retire. But the economy doesn’t work that way anymore. With a simple mindset shift, you can break out of that mold and start turning your passion into profit.
And my guest today is here to help you do it.
Adam Davidson knows just about everything there is to know about money. He’s an authority on the subject — particularly in the online space — and he’s here today to share with you some wisdom and practical advice to help you break out of your old money mindset and start turning your passion into profit.
“…In a decade, our economic lives have been transformed probably more than in almost any century before … So I think we’re going to see more and more resources for people who have a great idea but don’t know how to do all the pieces. We’re going to have outsourced management tools and outsourced corporate hierarchy tools. … I think this continues to get easier and easier over time …” – Adam Davidson
Because here’s the thing: you can become an entrepreneur, turn your hobby into your day job, and achieve financial freedom. Really, it’s true! And Adam is here to tell you how to do it. Seriously, if you’ve ever thought about what it might be like to actually to have your dream job, you do not want to miss this episode!
Who Is Adam Davidson?
Adam Davidson is a money expert. And that’s not an exaggeration — There are few people on earth who have studied money, in all its forms, more closely than Adam. He’s an award-winning journalist, and he’s contributed to the New Yorker with reporting on business, technology, and economics.
Adam Davidson is also no stranger to the podcasting world. In fact, he’s been at the forefront of the cultural conversation around money since the word “podcast” became a thing. He’s one of the co-founders of NPR’s Planet Money, one of the leading podcasts about all things money, commerce, and business.
And now, Adam is out with a new podcast — The Passion Economy. There, Adam examines entrepreneurship in the modern world, and how YOU can make a living from doing whatever you love. It’s an inspiring show, and I’d encourage you to check it out! Additionally, Adam has a new book out, also called The Passion Economy. This book will teach you how to survive and thrive financially — I know you’re going to want to grab a copy!
But don’t click away just yet, though, because Adam is right here on The School of Greatness with plenty of money expertise! So if you’re ready to dig into the psychology of money and start turning your passions into profits, read on!
Find Your Passion
Gone are the days when you would grow up on the family farm, marry your neighbor, and eventually take over your father’s business. Now, you can make a way for yourself to do whatever you desire. So think about it — what are you passionate about?
It’s okay if you don’t have a fully fleshed-out answer to that question immediately. But the question is worth considering. Start thinking about what your dream job would look like. And think about the skills and talents you already have. How would they factor into your ideal career?
“The way I see it is you have your unique bundle of things … the things you love and want to do, and the things you’re good at — which aren’t necessarily the same — [but] hopefully there’s some overlap. … And it’s finding that mix. It’s finding out who you are and what makes you different, but then it’s finding the customer. … I would strongly disagree with the idea that if you’re good at something and you don’t like doing it, that’s a good path.” – Adam Davidson
Don’t put pressure on yourself to do something just because you’re good at it. You have to love it too! Maybe you’re good at public speaking, but you don’t want to be a public speaker. That’s okay — find ways to incorporate the skill into a job that’s better for you. Maybe you should be a teacher, an online coach, or a speechwriter.
From there, remember that there are two ways to pursue your dreams: You can take baby steps, or you can go all-in. You can slowly take jobs related to careers you may want, learn as much as you can along the way, and eventually start the business or enter the job of your dreams. Or you can quit your job tomorrow and immediately open up a new company. The truth is that both options have the potential for success — you just have to do what feels right for you.
