Money is a motivational force: Sachin Mittal


One often hears of fringe benefits provided by firms to the people at work. These include monetary incentives like wage bonuses, health insurance, retirement benefits, that serve as instruments used by the management to attract and maintain a better workforce. These also tend to improve the standard of performance at work via job satisfaction that the employees derive from the same.

What could possibly be the force behind this attraction towards fringe benefits? It is the additional money that boosts the employees to work harder. Money acts as the source of motivation that prevents shirking off at work as it helps in meeting the psychological and security needs of the workers.

I am sure we all are aware that among the other things, money is often recognized as a vital symbol of status and power one possesses. We all want to meet a minimum standard of living and this minimum may also go up a notch as we become more affluent. Money is the most important ingredient in the recipe for a life of contentment in almost all its stages.

Hard-hitting, harsh reality

My outlook on the role of money in life is that, sooner or later, the significance of money comes as a hard-hitting, harsh reality in our lives. Our monetary standing becomes a major facet of our status in society. Inclination towards material goals rises. Not all people want to tear down their colleagues to get a promotion at work, but money drives many people into doing what they do not believe in or wish to do. To meet many ethical long-term goals, like dreams of protecting and securing the lives of our families lures people into doing the most they can do to make money.

I believe that knowing how to value money is nothing but a virtue and that being devoted to money-making is a quality one must possess. It is morally and ethically right to let money motivate us to work harder and more. One should strive to become successful and make a decent living in order to overcome poverty. If giving my best shot allows me to enjoy a better living standard, I will do so, so that I can emerge successful in life and grow to my full potential.

My perspective has been rightly put in the saying, “Joy comes from using your potential”.

Highest priority in our lives

When most of us come to think of what is the thing that means the most to us in life or the thing that holds highest priority in our lives, we have varied answers in our minds. Some believe it’s their partner, family, and friends that matter most. Some believe it is the establishment of the relationship with their soul, or with God, or whatever their conscience may allow them to believe.

However, once one comes to terms with what really constitutes poverty, they may not be able to put forward the same ideas or feel the same way about their priorities. Their pursuit will shift to, perhaps, something more materialistic. This brings us to another set of people, including me, who believe that it all boils down to the financial position we hold in life. Knowing the means of making money, investing it right and saving a decent proportion is of utmost importance to us, and we follow this ideal to meet our life’s ambitions.

Financial security

Be it during emergencies or during times of desperation and need such as old age, financial security may turn out to be the most important single thing to tide over these difficulties. More important than anything else weighed against it. This does not mean that the other things in life are meant to be abandoned but that in order to get the other things right as well, a crucial role is played by financial independence.

The present data on life expectancy indicates that the life expectancy gap between the rich and the poor in the US is over 12 years. The people belonging to the affluent, crème strata of society live to 80-84 years of age while the working counterparts live to 67-73. A probable factor deemed responsible for the disparity is better healthcare afforded by the rich, ignoring behavioral factors like smoking or drinking habits. They are able to follow up complicated treatments.

When a person’s skills are highly demanded, they may not care about their expenses. They may neglect the possibility of investing the money in shares and bonds, guaranteed schemes or any other items present on this endless list. But saving enough is crucial to attain a life of comfort so that the time never comes when you end up being anxious about the most trivial of bills. One wants to avoid spending time worrying over security and financial safety, about becoming jobless or being paid an unfairly meagre reward for their work and that is when, money motivates people to give in their best.

Feather our nest

It is important to feather our nest more than anything else and to meet this end, people learn the mechanics of money circulation. The idealistic cultured approach to learning gets replaced by a materialistic take on life, the approach to reach monetary goals.

Living on retirement funds, paying bills out of your own deposits allows you to take care of your needs, and not depend on others, making you self-sufficient. The spillover effects conferred by this on one’s personality is that they gain confidence and possess liberty to use their wealth as they may.

Your family and friends will like you better when you can handle money matters wisely, be it an earning opportunity or a spending one. Money does make it easier to get along with a larger set of people. Living without a debt makes it less hard to carry on with life. Everyone desires peace of mind and money plays a large part in attaining these privileges.