'Quit Your Day Job Is Garbage Advice' (cnbc.com)

An anonymous reader shares an article: While Daymond John was building his clothing line FUBU, which would evolve into a $6 billion brand, the entrepreneur was living on the tips he made waiting tables at Red Lobster. "I was working at Red Lobster for five years as a waiter as I was running this business," the Shark Tank star said at the iConic conference in New York City on Wednesday. At first "it was 40 hours at Red Lobster and six hours at FUBU. Then it was 30 hours at Red Lobster and 20 hours at FUBU, because money started to come in." Even after FUBU started to take off, John continued waiting tables. He wouldn't do things any differently if he could, he told the audience on Wednesday: "Don't quit your day job. [...] Let's say I was making an average of $40,000 a year," he continued. "After five years, that's $200,000 of salary. I would have had to sell $1 million more worth of FUBU product to bring home the $200,000, but I didn't have to do that. I just had to sacrifice time."

Comments

it's not IF you quit your day job it's WHEN

[green1]

The summary says you shouldn't quit your day job, but obviously he did because he doesn't still wait tables at Red Lobster. It's about WHEN you quit your day job.

This will be a fairly personal decision, but a bunch of factors come in to play. first of all, if you can't survive on the money your startup is providing, then obviously you need to keep your day job. And once you can make more money running your own company than spending that same time at your day job, it's a no-brainer to quit to focus on your startup. The real challenge is the in-between states, and that's going to depend on your opinion of your existing job. Is it something you enjoy? and does it provide you the flexibility to work on the other project that you're passionate about? in that case stick around. Is it something you despise? Do you absolutely detest going to work each morning? is it interfering with your passions? In that case it may be worth taking a pay cut to work on your startup.

also, Never follow your passion....

[slew]

Never follow your passion, but always bring it with you. -- Mike Rowe

https://www.prageru.com/sites/...

There are only two things I can tell you today that come with absolutely no agenda. The first is “Congratulations.” The second is “Good luck.” Everything else is what I like to call, “The Dirty Truth,” which is just another way of saying, “It’s my opinion.”

And in my opinion, you have all been given some terrible advice, and that advice, is this:

Follow your passion.

Every time I watch the Oscars, I cringe when some famous movie star—trophy in hand—starts to deconstruct the secret of their success. It’s always the same thing: “Don’t let anyone tell you that you don’t have what it takes, kid!”; and the ever popular, “Never give up on your dreams!”

Look, I understand the importance of persistence, and the value of encouragement, but who tells a stranger to never give up on their dreams, without even knowing what it is they’re dreaming? How can Lady Gaga possibly know where your passion will lead you?

Have these people never seen American Idol?

Year after year, thousands of aspiring American Idols show up with great expectations, only to learn that they don’t possess the skills they thought they did. What’s really amazing though, is not their lack of talent—the world is full of people who can’t sing. It’s their genuine shock at being rejected—the incredible realization that their passion and their ability had nothing to
do with each other.

Look, if we’re talking about your hobby, by all means let your passion lead you. But when it comes to making a living, it’s easy to forget the dirty truth: just because you’re passionate about something doesn’t mean you won’t suck at it.

And just because you’ve earned a degree in your chosen field, doesn’t mean you’re gonna find your “dream job.”

Dream Jobs are usually just that—dreams. But their imaginary existence just might keep you from exploring careers that offer a legitimate chance to perform meaningful work and develop a genuine passion for the job you already have. Because here’s another Dirty Truth: your happiness on the job has very little to do with the work itself.

On Dirty Jobs, I remember a very successful septic tank cleaner, a multi-millionaire, who told me the secret to his success:

“I looked around to see where everyone else was headed,” he said, “And then I went the opposite way. Then I got good at my work. Then I began to prosper. And then one day, I realized I was passionate about other people’s crap.”

I’ve heard that same basic story from welders, plumbers, carpenters, electricians, HVAC professionals, hundreds of other skilled tradesmen who followed opportunity—not passion— and prospered as a result.

Consider the reality of the current job market.Right now, millions of people with degrees and diplomas are out there competing for a relatively narrow set of opportunities that polite society calls “good careers.” Meanwhile, employers are struggling to fill nearly 5.8 million jobs that nobody’s trained to do. This is the skills gap, it’s real, and its cause is actually very simple: when people follow their passion, they miss out on all kinds of opportunities they didn’t even know existed.

When I was 16, I wanted to follow in my grandfather’s footsteps. He was a skilled tradesman who could build a house without a blueprint. That was my passion, and I followed it for years. I took all the shop classes at school, I did all I could to absorb the knowledge and skill that came so easily to my granddad.

Unfortunately, the ha

I wrote my first novel while working 60/week

[netsavior]

I was working as a software developer on a very demanding project, pulling 60+ hours a week most weeks while I wrote my first novel.

It was a long process, and it was very hard, and yes I had no free time between my money job and my passionate speculative job.
As time went on I finally finished the book, and sold thousands of copies.

I am proud to say that today I make 6 figures a year...





...as a software developer, because that's my real job and nearly every novelist who ever lived didn't make a living at it, and it is important to have realistic dreams.

Arnold Schwarzenegger use to give bad advise

[rsilvergun]

to his competitors. When he was competing the competitions were pretty friendly and it didn't occur to anyone he'd lie to them. He gave them a routine that was massive overwork. They tried to stick to it and of course burned themselves out.

What's the old saying? Never ask a man how he made his first million. Odds are if someone didn't inherit it or win the lottery they did something awful to get it.