What If Money Was No Object?
This very video is in LESSON ONE of the Infinite Prosperity course… Interestingly, it has taken nearly 4 years for someone to ask a mind blowing question (that we kind of expected to answer years ago).
// Student Question:
So what’s your take on “Do what you love, forget the money” in regard to trading? Can trading really become your purpose and passion? Is that even a thing?
// Our answer:
Brilliant, brilliant question! Here’s the shortest answer possible (we could build an entire course on this)…
There are only two business environments wherein you can make money… Just two: A zero sum environment and a positive sum environment.
Trading is zero sum. The money we make comes from others losing. It doesn’t help civilisation, it doesn’t give back, it really does nothing overly positive for humanity. It’s a way to financially empower yourself by being smarter and/or faster than the masses (and that’s not overly difficult, because the masses as a group are not bright).
The other environment is positive sum. This is where you make money in transaction for some kind of service or product.
Your customers pay you, and in return they get a great service or product. It’s a win/win. EVERYONE should win in positive sum business models.
In positive sum, definitely, definitely, definitely follow your heart and your passion. Do what you love, and like this video suggests “forget about doing it purely for the money”. Just put every bit of creative, loving energy into something you’re passionate about… The better you are, the more lives you can touch, the better product or service you can provide to your clients, the more money you’ll make as a side effect.
MOST business models are positive sum, and I strongly encourage everyone (even traders) to eventually start one! For us, it’s Infinite Prosperity, and we will build many more in future!
The thing is, not everyone knows where their passion lies! Most people don’t know what it is they’re truly passionate about, or what they could sink their teeth into and spend every waking minute working on.
So the sheer beauty of a zero sum business model like trading, is that they usually don’t require an enormous amount of creative energy to get off the ground. Commitment, persistence, dedication, time, patience and personal development? YES… but unique and individual creativity? Not so much! For the most part you can learn and model others who already have the results you want! So when you can master a zero sum business, you can then scale up to the point where you are financially empowered – thus affording you the time, mobility, independence, income and confidence to pursue what it is you’re MOST passionate about. This could take years to discover… but for everyone who hasn’t found that passion yet, just know that it’s MUCH easier to find when you’re not spending 5 days a week doing something you hate, and the other 2 masking your pain with unproductive but comforting engagements like excessive partying and TV.
Yes, we’ve seen people who become extremely and undeniably passionate about trading. It gets in your blood, it becomes part of your dreams at night! But we’ve also been in this game long enough now to see how that plays out in the long term… those who stick to (just) trading – even after becoming hugely successful financially – usually become complacent, frustrated and unfulfilled.
It is a deeply rooted human urge to give back, to leave a legacy, to help and contribute to the lives of others. This is where your positive sum business model comes in. This is where you will create a product or service that changes the world, that contributes to the lives of others. This will become your legacy!
Thank you for the great article Lewis!
One thing I would like to challenge is the idea that traders do not add value to the marketplace. I believe we most definitely do add value (granted our motive is to make profit for ourselves).
In short, we speculators provide liquidity and keep the markets more honest.
Please give this quick article a read. They come to the conclusion that one should “hug a speculator.” 🙂
Article:
http://www.investopedia.com/articles/basics/09/the-function-of-speculators.asp
Cheers,
Joe