The oldest part of the career advice tips given by billionaires, says bestselling author

Billionaires tend to give a bad part of career tips, according to solo millionaire and author of bestsellers Scott Galoway: Follow your passion.

“The oldest advice given by billionaires is” Follow Your Passion “,” Galoway, Serial Entrepreneur and Professor of Marketing at New York University, “LinkedIn’s” Road “on” Road “told the video series episode This, published on June 3rd. “Anyone who tells you to follow your passion is already rich.”

Born in Los Angeles to a single mother, Galoway said his family’s income had never exceeded $ 40,000 during his childhood and that he believes that his passion for athletics would bring him financial freedom. After discovering that professional sports is not in his future, he graduated from UCLA and received an analyst’s job at Morgan Stanley.

He quickly realized, “I have no skills to do it,” he said. He started working with various ideas and decided that he would be more suitable for entrepreneurship than as an employee in a large company. In 1992, he co -founded the Prophet at LinkedIn.

Galoway later co-founder A research firm called L2 in 2010, which was acquired in 2017 for a reported amount of more than $ 130 millionS His career journey shows that success is not related to blindly pursuing passion or entering a field, which is stereotypical lucrative. Instead, combine what you are good with what you can make you money and accept rotation opportunities.

“I applied for 29 jobs (after graduation). I received one offer,” Galoway said. “The key to my success is rejection or in particular my ability to endure it. Because if you do not reach” no “many times, you will never get to wonderful” yes “. “

Galloway’s attitudes sound similar comments from MasterCard Executive Director Michael Meibach, who often tells young people to look beyond what their passion when choosing a careers. He realized at the beginning of his career that he had a leadership ability and was pleased to help others, leading to numerous roles of board members in companies such as IBM and Metropolitan Opera and almost 16 years in Mastercard.

“I love the fact that you follow your passion, but you also have to just look at what you are really good at? What sets you apart?” Meibach tells trainees, he said in a Recent interview with LinkedIn editor -in -chief Daniel Roth. “Find out where is the point of intersection of what your passion is, what does it really matter and what you can be good at? Collect this.”

Finding your strengths does not happen overnight and can take a little refining and even failure. Say you are a news producer who has recently been fired, so you started shooting and editing documentaries to stay active. You have now learned that your power is actually content and storytelling, not firm news and short packages.

You can turn the difficult failures into training opportunities by accepting a GrowingOr the idea that you can always improve your skills, according to the psychologist of the University of Yale and happiness expert Lori Santos. That way, if you are confronted with failure or rejection again, you know what steps to take and avoid moving forward in your life and career, she told CNBC to do so in 2023.

“This allows us to learn more about how to do better in the future,” Santos said.

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