Episode
998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
56:53
Published: Wed Aug 26 2020
Description
“Marriage is hard, but I think business partnerships are really really hard.”Lewis chats with Adam Davidson, award-winning business journalist and host of The Passion Economy podcast, to figure out how to make it in our evolving economy. They discuss how to create a successful business doing what you love, why so many people have complicated relationships with money, and the crucial entrepreneurial skills you need to develop as our world continues to change.Daymond John on How to Close any Deal and Achieve Any Outcome: https://link.chtbl.com/928-podSara Blakely on Writing Your Billion Dollar Story: https://link.chtbl.com/893-pod
Chapters
Adam Davidson discusses his new book and podcast, both titled The Passion Economy, which explore how to make a living from pursuing your passions, and why some people may be hesitant to do so.
00:00 - 02:33 (02:33)
Summary
Adam Davidson discusses his new book and podcast, both titled The Passion Economy, which explore how to make a living from pursuing your passions, and why some people may be hesitant to do so.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The concept of "passion" means different things to different people, but it consistently appears in the stories of successful people.
02:32 - 09:12 (06:39)
Summary
The concept of "passion" means different things to different people, but it consistently appears in the stories of successful people. Pursuing financial success doesn't have to mean surrendering to the market or a corporation.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The podcast discusses the struggle of finding your worth and communicating your value in the workplace, especially when you're just starting out.
09:12 - 13:58 (04:46)
Summary
The podcast discusses the struggle of finding your worth and communicating your value in the workplace, especially when you're just starting out. It highlights the difficulty of navigating through the market without proper knowledge and signals that would enable you to do better.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The development of big corporations in the 1920s brought about the concept of corporate jobs and career paths, leading to the rise of modern-day corporate careers.
13:58 - 21:57 (07:58)
Summary
The development of big corporations in the 1920s brought about the concept of corporate jobs and career paths, leading to the rise of modern-day corporate careers. This, combined with the lean startup mindset, has made it easier for individuals to quickly turn their ideas into businesses.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
While it is possible to outsource help in defining and achieving success, the core vision for our lives cannot be outsourced.
21:56 - 28:05 (06:08)
Summary
While it is possible to outsource help in defining and achieving success, the core vision for our lives cannot be outsourced. As technology continues to advance, there will be more resources available for individuals with great ideas to outsource certain tasks and manage their businesses more efficiently.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The speaker advises college graduates to try different jobs they may like and focus on building a lifestyle business rooted in principles and values that can generate real money, even if it falls between earning $200 to $5 million annually.
28:05 - 34:12 (06:07)
Summary
The speaker advises college graduates to try different jobs they may like and focus on building a lifestyle business rooted in principles and values that can generate real money, even if it falls between earning $200 to $5 million annually.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
This episode explores the cultural and historical influences on dating practices such as family systems and societal norms, with a focus on the 1890s and early 1900s.
34:12 - 42:56 (08:44)
Summary
This episode explores the cultural and historical influences on dating practices such as family systems and societal norms, with a focus on the 1890s and early 1900s.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The vast majority of people in the 19th century lived directly on the margin where their survival depended on constantly changing and immediate variables beyond their control.
42:56 - 49:07 (06:11)
Summary
The vast majority of people in the 19th century lived directly on the margin where their survival depended on constantly changing and immediate variables beyond their control. Today, some people are still trained to believe that they are directly on the margin even if they are making millions.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The speaker discusses the tragedy of narcissism and how it robs individuals of the joy of connecting with others.
49:07 - 55:23 (06:16)
Summary
The speaker discusses the tragedy of narcissism and how it robs individuals of the joy of connecting with others. They then discuss the playful nature of life and the importance of pursuing one's passions and evolving their mindset towards achieving their goals.
Episode998 Turn Passion Into Profit (The Psychology of Money) w/Adam Davidson
PodcastThe School of Greatness
The speaker offers to send weekly text messages to a group of individuals looking for motivation and inspiration, ending with a quote by Abraham Lincoln about not being discouraged and succeeding in the end.
55:23 - 56:42 (01:18)
Summary
The speaker offers to send weekly text messages to a group of individuals looking for motivation and inspiration, ending with a quote by Abraham Lincoln about not being discouraged and succeeding in the end.