Why do you work at your current job? Do you love the job? Do you love the money?
A good friend of mine just starting working at an accounting firm. I asked him how his new job is. He responded, “I hate the work, but love the money.” He went on to explain to me that he wants to have lots of money and he really doesn’t care about how boring his job is or how many hours he has to put in. It’s none of my business what someone decides to do. With that being said, I really don’t understand the concept of working a job you hate just to make money, especially at the age of 23.
I can’t sell you some dream by suggesting that you “follow your passions” nor can I judge anyone for making lots of money with a vocation they’re not too crazy about. I can however give you a few points to consider as you decide whether you want to work for profit or passion…
What type of lifestyle do you have now? Is this the lifestyle you want to maintain or do you want to make changes? I personally want the flexibility to travel a few times a year and maintain a physically active lifestyle. My friend has already started to gain weight due to poor eating habits and lack of exercise. We all want to live different lifestyles. The deciding factor for you should be if the field you want to get into allows you live your dream (but realistic) lifestyle.
How badly do you want to make lots of money? There are those that want to earn and save as much money as possible now so that they can retire at age 40. Some people just want to make enough money to be happy and spend lots of time with their family and friends. Some other financial goals could include: living a comfortable lifestyle, owning lots of toys, paying off debt, saving for your kid’s college education, etc. Either way your financial goals should be considered as you graduate from college and consider various work opportunities in your twenties.
How much debt do you have? How aggressively do you want to pay off this debt? This is usually the deciding factor in your work after college. Some college grads drowning in massive amounts of debt just want to find any type of work so that they can start to pay off their student debt. This usually leads to a viscous cycle where you find yourself working a job you hate just to pay off your debt. This si why Your debt will definitely play a role in your type of work. You’re likely going to want to go where the money is so that you can have more money to put towards your debt.
Can you mix in passion and profit together? I really think so. As long as there is a clear market for what you want to do. You could also decide to pursue a field you’re passionate about in your spare time while you work at your current job. You could create a digital product, design blogs, or become a freelance writer. These are just a few options.
Where do you stand? Do you want to work for profit or for passion? Perhaps both?
(photo credit: totalaldo)
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