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9:14 pm - Friday December 13, 2019

Greed As A Means To Success?

| Financial Education | Rating: 4.5
by Numan

I am currently reading Rich Dad, Poor Dad, written by Robert Kiyosaki.  Although I don’t agree with a lot of things that Kiyosaki writes in the book, it is a somewhat motivational book.  One of the things he mentions is that a little greed can be a good thing when used as a motivator.

When I first read that idea, I thought he was off his rocker, but after stopping and re-reading that portion of the book, I can see some value in that idea.  Kiyosaki says that when he finds something that he wants, he looks for motivation to create additional income so that he can acquire the item; often the motivation is greed.

As I said, there are a lot of things I don’t agree with in this book, but using motivation to achieve success is one area that I do agree with.  However, I believe there are better things to use as motivation than greed. Here are just a few things that I came up with:

  • The motivation for getting out of debt could be a better quality of life during retirement.
  • The motivation for saving for your kids college would be not having them start their ‘adult’ life chained to a student loan.
  • The motivation for saving for emergencies would be not having to worry about what would happen if you lost your job.
  • The motivation for putting Long Term Care or Life Insurance in place would be to lessen the burden on your children or spouse
  • The motivation to get your kids to buckle down in school could be a monetary reward for good grades (I know, I know, kids should want to get good grades just because. Right!)

Dave Ramsey’s Debt Snowball uses the idea of motivation to help keep you on track to becoming debt free.  A good motivational speaker will tell you to write down small attainable goals.  Motivation is at the heart of success.  Most people fail simply because they lose the motivation to continue.

What about you? What keeps you motivated? Leave a comment and let us know what your motivations are.

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