Random Rant #2: Social impact versus making money.

I think a lot of young entrepeneur/ digital nomad / online expat people / young professionals think about this problem.

When do you take money and when do you take social impact. It’s kinda generic that almost everyone gets happy from “helping people”. That’s why you also see a lot of experts sharing their knowledge.

Helping other people gives you a good feeling. That’s just how it is for most people. Definitly when your money goals have been reached.

So than where is the balance and what are things we should take into consideration when thinking about ourselves in this situation.

1. Money is safety, how much do you need?

You need money to survive. you can’t survive on mindfulness. So how much money do you need to be comfortable and safe? That’s a number that is really personal. It’s also very reliable on your income source. When you work for a boss you are probably not getting any more money once you quit.

When you are running some online business you probably can keep a lot of the income with mimimal work. Even expending your business with only 2 – 10 hours a week is possible.

2. What are your plans after it?

The second thing is, what are your plans after. It might be a good idea to spend some time thinking about you want to do next before quiting your current project/ job.

3. What are your skills?

My skills are mostly online. Next to that i am pretty good at human behavior. So for me it wouldn’t make any sense to start a local bakkery. It would make more sense to create an online platform that could help people in a certain way.

4. What are current neccesities that need to be fulfilled?

It’s super cool if you are good at building homes. But if you are living in a 1st world country, there is not a real need for your skills. It would make way more sense to go to a 3rd world country where housing is a problem.

There are also a lot of people that go the route of forcing the “helping people”. These people in general study something like social studies/ psychologie or some other half useless study. At the end they got some skills. But most of the time they still

5. How does your future looks at your work.

So let’s take a look at some work aholics. Some of the most succesful entrepeneurs in the last 20 years are people like Warren buffet and bill gates. They have accumulated more than 100 billion together. One of the most interesting things is that they¬†pledged that they would give away 50-99% of their assets away in their life.

Bill gates is currently curing a bunch of diseases. The only reason that he was able to do this right now is cause he went mortal on his business for decades. Creating a huge empire that also impacted society in a good way. So you should take into consideration what happends when you keep working.

On the other side there are people making 30k – 100k where there will be less impact on their future impact.

Koen Geron