What’s your motivation?
When you put your feet on the floor each morning, your journey for the new day begins—each step that follows is a step towards your goals, your dreams, your purpose.
What Gets You Up?
The answer to this question varies. Your motivation can depend on your stage of life, your career and family situation, and dozens of other factors such as where you live and how secure you are financially.
Some people have family responsibilities, some are responsible only for themselves. Some people’s main motivation is getting ahead in their job and impressing their boss and colleagues. Yet others are driven by inner motivation such as trying to achieve in ways that others in their family have not.
The reasons vary widely. But whatever they are, everyone has motivation—something that drives them to not only wake up in the morning but to get out of bed and take those first steps into the day.
What Keeps You Up?
What about at the other end of the day?
When you climb into bed at night, do you lie awake worrying or stressing about the events of the day? What worries you most? Numerous studies point to money and health as being the two items at the top of most people’s worry list.
Your Motivation Affects Your Investments
Our three decades of experience have taught us a lot of things about what works and what doesn’t in the world of investments. We’ve seen time and time again that the way a client perceives themselves and the world around them is a critical factor in determining success in their financial goals.
Attitude and temperament are also of tremendous importance.
All of these factors—attitude, temperament, perception—trace directly to your aspiration, motivation and fears. High-income earners are usually very willing to talk freely about their financial goals and what they want to see happen with their portfolios. But bring up their anxieties or outright fears, and they suddenly have nothing to say.
Failing to acknowledge fears doesn’t actually make them disappear. They just fester and pop up somewhere else in another—often worse—form.
Your Motivation is More Important Than Your Investments
Take note. In the roughly 350 words above, I haven’t mentioned “investments” or “returns” even once. There is purpose to this.
Achieving financial success isn’t just about investment performance.
Money has a different meaning for everyone. Focusing only on how well or poorly a set of investments have fared in some period of time is utterly meaningless and outside of your control. There are so many other factors to consider, and success isn’t measured by numbers alone.
Your reason for investing—your motivation for getting out of bed each day—has a much broader purpose. Helping you focus on that purpose is what we do, so you can make more informed, thoughtful, successful investment decisions.
Ready for a real conversation? Contact us today to talk about how we can leverage your motivation for better investments.
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This article was originally published on February 6, 2018 and has been updated.