One has to be realistic when the passion is draining too much finance to the degree that he/she is in debt and faces possible bankruptcy. Successful business is also about timing, external influences and other factors. Unless the person has enough financial backing to fund the "passion" until it becomes a success, it is better to be mindful of how passion can be the evil of business failure.

A perfect analogy is the artist whose painting appreciates in exponential value only after he is dead.

Passion needs to be paired with complementary skills such as healthy sets of financial management, people management, strategic thinking, marketing, the list goes on. If the person is not able to manage a business efficiently as it grows bigger, it is advisable to seek external assistance and (put together) the right team of people to manage the business to create more financial wealth.

My intention is to create a cautious thinking pattern - to remind readers what our passion can do to us and not to be blindly "influenced" by it, which could potentially lead us to the path of a financial failure.

Human desire is the root cause to making money, saving money, spending money and investing money:

1. Can one stop spending money he does not have (by way of using a credit card with a limit more than their salary or borrowing money/loan) because of temptation, emotional buying or influenced spending?
2. Can one save money automatically without having a forced savings mechanism for investment?
3. Can one invest objectively and avoid pitfalls like for greed, ignorance, (financial) illiteracy or scam?

If a person can be contented not by materialism, fun, excitement or other psychological emotions needs, he may be on the path to financial freedom.

Family structure is similar to business organisation structure. To build a business empire, you need the right people to do the right job. Similarly if you want to build financial wealth, the family orientation and relationship dynamics among family members (i.e. parents and children) have to be positive, strong and with the same financial philosophy, life values, and belief system.

A company requires rules and regulations, policies and procedures, business vision and mission to be successful; family wealth should also be built upon the same fundamentals.