Recently my actions has been driven more by curiosity and interest than monetary purposes. I just splashed USD99 on this Joomla 1.5 component called the JomSocial. At first sight after having it installed on one of my instances, it looks rather promising. I will over the next few days during the weekends go through the documentations of JomSocial to explore the various features they have. Also I will try to see what cross features they have available with other more established Joomla 1.5 components.
The main difference between working on an interest driven project and a monetary driven project is that of the heart and the soul.
In the latter, there is always someone breathing down your neck, crazy deadlines to meet, the need to manage customer expectations so that interest of stakeholders are not compromised. high blood pressure often results. The downside risk is significant in the event of mismanagement in terms of additional cost incurred due to scope creeping by clients or misinterpretion by the technical team. The upside rewards and capped. Do your job well or totally screw it up, the budget made available by the client is still the same. Haha, like Garis once said ” get bought, get used, and get discarded just like a bloody condom!”
In the former, I am free to explore any possibilities I can envision and things are pretty much dictated by my imagination with no strict deadlines whateverso. I can choose either to rise to great heights or crash and burn, all for the sake of fun and adventure, without the need to be answerable to anyone. The downside risk is ultimately determined by me (time and money), while the upside potential is remains hitherto undiscovered!
Also in terms of the long run, when we are looking at buidling up the volume of passive income, the former is the area to look at. Already a few of my sites are generating income of a comfortable level. Once it hits critical mass, I will do away with the latter option of selling my time to others for the sake of building their sites.
Taking one more step backwards, I am now spending less time ultilizing the skill set I acquired in university (that of programming and software architecturing) and more time ultilizing the skill set I acquired while I was back in junior college (that of reading financial statements and analyzing GDPs). Surprisingly the staff at the various banks have been very helpful in providing me with the information I need. I am also spending more time now receiving instructions from my dad on a daily basis for another skill set I have been thinking of acquiring for a while now. It seems he does know me very well and started imparting all the knowledge he acquired over the years in this field before I even asked! More than that, it seems I have already crossed path with the people of whom knowledge I need.
Talking about the alignment of stars!