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Do you Work for Money?

April 9, 2008

“The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life.” Charles M. Schwab, American industrialist

How often do you hear people saying that you should do what you love and the money will follow? I question whether this is really true. It may be true in many cases but I’d bet you could find an equal or greater number of cases where someone is making a lot of money in work they don’t love.

In his book Die Broke, Stephen Pollan suggests you should work only for money and do what you love outside work to get your fulfillment.

I think it’s unhealthy to pursue an extreme in either direction (only work for love or only work for money). I suggest considering a combination approach. Work for money early in your career to establish a financial base. As your net worth approaches financial independence, start working for fun.

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