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Whether people act out of personal conviction (out of love) or out of incentives and opportunities for gain (for money) has long been debated. The answer to this question has tremendous implications for our personal, professional, and financial lives. Most of us tend to believe that our personal lives are based solely on personal motives (love) and our professional and financial lives on rational choices (money). The truth is that these two forces blend and merge in everything we do. Understanding how they work can help each of us live more fulfilling and fulfilling lives. The first circle of understanding when it comes to the relationship between love and money is realizing that the two are connected. Most people don't work at a job for nothing, even if they love it very much. Conversely, there's also a point where extra money doesn't create extra motivation. The key to understanding this tradeoff is the notion of a nonlinear relationship. In other words, money motivates up to a point and then it starts to lose its power. Likewise, doing something you love doesn't become motivating until you've met your financial needs.
It's often said that "money can't buy happiness," and we totally agree. However, the lack of money will create a lot of misfortune. Therefore, money is not something that in itself makes you happy, but something that gives you the freedom to do the things that make you truly happy. Likewise, pursuing a personal passion like music, writing, or athletics may not bring much, if any, income. For this reason, it is necessary to cover your financial needs so that you can pursue your passion in your free time. In addition, our ability to help others is often limited by our financial resources. Each person has a limited amount of time in the day, and Good Intentions won't even buy a cup of stale coffee. As our non-monetary desire to make the world a better place comes to the fore, it must necessarily trigger a monetary desire to generate resources that can be used for that charitable cause.
How this relates to our personal life involves many levels. No one will deny that it takes a lot of money to live a happy and fulfilling life. However, if every dinner party becomes a discussion about how to pay the bills of the months, happiness or fulfillment will be extremely difficult to achieve. If there's only one cookie left, my goal isn't to make sure it goes to the highest bidder among my spouse and kids. My goal is to do my best to make everyone in my family happy. Incidentally, this is one of the reasons why deals in family businesses often encounter so many difficulties. When the non-monetary world of family, fueled by love and affection, is forced into the monetary world of business, where costs and profits must be meticulously controlled, there is enormous scope for argument and misunderstanding.
Another iteration of this phenomenon occurs in the workplace. Many people say they value autonomy and interesting work as reasons for staying in their current job. However, college graduates often cite compensation as the top priority when looking for a job. So how do these two concepts intersect? Compensation is what attracts people to join a company and is also the main incentive for them to stay. However, compensation alone will only inspire people to work hard enough to avoid being laid off. (Promotions are also important, but they happen less frequently as an employee rises through the ranks.) What inspires people to do more than the minimum is a sense of autonomy, interest in their work, and meaningful things to do where they can work.
Ultimately, there will always be a crossroads between monetary and non-monetary motivations. Love and money are necessary for a full and satisfying life. The secret of happiness is not the pursuit of one to the exclusion of the other, but rather creating a healthy balance between the two. In this way, we can achieve greater and greater success in our personal, professional, and financial lives.
The love of money aside, LOVE is sweeter when it is backed up by MONEY
BUT WHAT IS LEFT WHEN MONEY IS REMOVED?
Thanks for reading 👍
@sam9999
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