The Financial Success Equation

Financial success ain’t easy. Very few in America experience financial success. It’s a needle in a haystack. The ones who do find financial success in life, however, do so by following a formula. I call it the Financial Success Equation and here it is:


This equation is like a linked chain. You need each variable in order to form the linked chain of financial success. If you are missing even on of these variables you will never achieve financial success.

The first variable, the first link in the chain of financial success, is Passion. Forget about education, intelligence, genius or creativity. None of that matters when you find passion for something that allows you to make a good living. Obsessive passion overrides all of your deficiencies and renders mistakes irrelevant, except for purposes of better educating yourself in what not to do. Passion forces you to a higher level of intense learning and self-improvement. So when you peel the onion of success down to its core, what you find at the heart is passion. Uncovering that passion in your life will catapult you above every one of your peers and set you flying like a rocket ship, so long as the industry or undertaking you are passionate about is in a lucrative field or industry.

Unfortunately, passion finds very few individuals. Most eke out a living in quiet desperation. When you find your passion, and that passion can be monetized, count your blessings because you are walking along a path very few are privileged to traverse. You have found your heaven on earth.

The second variable and link in the financial success chain is Hard Work. You must work hard at the thing you are passionate about in life. You cannot force a hard work ethic. The work must feel effortless to some degree. Hard work must be something that just happens because your passion drives you to work hard. It is virtually impossible to sustain a hard work ethic in a job, profession or industry for which you are not passionate about. When you are forcing a hard work ethic, that is when you know you do not have the passion for what you do to make money. Furthermore, working hard in a profession or in an industry that is not very profitable or has low profit margins will never provide the return on investment known as financial success.

The most important variable and link in the chain of financial success is luck. Specifically, opportunity luck. This is a type of luck that happens because you have created the opportunity for luck to occur by being passionate about what you do and working hard at it. Opportunity luck is, to a great extent, outside of your control. Opportunity luck is elusive. It is luck after all. It does not manifest itself to everyone who is working very hard at something they are passionate about. We all hear the success stories about Bill Gates, Steve Jobs and Warren Buffet. The fact is, however, that you would not know one of those individuals if it were not for opportunity luck dropping into their lives. They could have toiled in their passionate pursuit until their deaths and not realized financial success, if it were not for opportunity luck. Just the same, they would not have created the opportunity for luck had they not had a passion and worked hard at it. I am paraphrasing Warren Buffet who stated that he was one of the privileged few who won the luck of the draw.

Statistically, financial success will very likely not find you. I can guarantee it will never find you if you are not passionate about what you do for a living because you will never work as hard as you need to work in order to create the opportunity for luck to occur in your life. The point of this entire article is this:

If you love what you do and work hard at what you love, keep swinging.

Opportunity luck only manifests itself to those who are passionate about what they do and effortlessly work hard at it.