“How can I follow my dreams if I don’t have any money?” is a question I’m asked often. It was one of the questions that plagued me back in the day when I had less than $900 in my bank account.
At the time, I was too busy trying to keep food on the table, a roof over my head and a shirt on my back to answer it.
As time passed and I started putting together a plan to pay off my debt, I began thinking about how I would very much like to follow my dreams but simply wasn’t in the right financial space to do it.
Whichever way you look at it, however noble, fantastic or innovative your idea is; you simply will not be able to get it off the ground without money.
When you have to worry about things like rent, food, clothing and all the other nitty-gritty of everyday life, there will be a disconnect from the creative part of your brain.
This disconnect will prevent you from dedicating all of yourself to pursuing your passion. In a ripple effect, when you’re unable to dedicate yourself, self-doubt creeps in and you will begin to think/believe you’ve made a mistake.
Given this scenario, how then can you pursue your dreams without any money? The answer is quite simple and doesn’t involve a balaclava and an assault rifle.
3 Ways to Follow Your Dreams if You Don’t Have Any Money
1. Work, Save Towards It, and Test
Figure out how much money you need to launch yourself off the ground, prepare a timeline and start working towards that timeline by saving money, investing money, working other jobs, and trimming down the non-essentials in your life.
It took me 3.5 years to achieve this. When I finally launched, it was with peace of mind & no debt. Since I didn’t have to worry about money for up to a year and more if necessary, I threw all of myself into pursuing my passion.
If you are really worried about following your passion when you eventually have enough money because you’re scared, test your idea while you’re still employed and do a soft launch just to see how the market reacts then tweak as required.
Either way, there’s no easy, comfortable, guaranteed path to success way to follow your passion. There will always be an element of risk involved.
2. Find a Business Partner
This is a variation of option 1. Even when you figure out how much you need to launch yourself off the ground, the figure could still be too massive for you to generate on your own or would take forever. In this case, find a business partner.
I had this option at some point while I was saving but I wasn’t ready and I didn’t feel we had the same goals.
It’s important to note that in trying to find a business partner, you need to align yourself with someone that’s on the same journey as you are otherwise it can be costly somewhere down the road – mentally, emotionally & financially.
3. Find Someone to Fund the Idea
Find someone to fund your passion. If you have a kick-ass business plan and believe your idea is something that can change the world or introduce something awesome into peoples lives, run a crowdfunding campaign if you’re able to inspire people to invest in your idea upfront or find a venture capitalist.
Venture capitalists are always on the lookout for good business ideas with great potential to invest in. With this type of funding in place, you’re free to throw all of yourself into your idea and implementation.
At the end of the day, when it comes to pursuing your passions, make sure you’re pursuing them for the right reasons and not because you want to make money, primarily. That reason alone won’t get you far without compromising your integrity or ethics.
[Tweet ““You are never given a dream without also being given the power to make it come true,” – Richard Bach”]
Desire, drive, passion, and focus are more important than all the money in the world when it comes to following your dreams.
Succeeding at climbing and conquering a mountain feels way better than the money that comes from it.