Financial growth - Know what motivates you

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Knowing what motivates you is very important to keep you on track to achieve your financial goals

After an unplanned and definitely unwanted absence from Hive, I'm finally back. I was dealing with some personal stuff and even though it was nothing too serious it still demanded most of my time and energy for the past week.

This situation was the inspiration for this post because it made me realize why I'm doing everything I've been doing on-chain and-off chain for the past year or so.

I have talked about the importance of setting goals and sticking to them but there is something else that is very important and often overlooked.

Let me tell you a story. My dad was one of ten siblings in a family that was far from wealthy. His dad, my grandfather, worked very hard and was able to give my dad and his brothers and sisters a good life and a good education.

Thanks to that, my dad was able to build a good life for himself and our family. We still weren't rich but my sister and I had a very good life and many opportunities to do anything we wanted in our lives.

My dad is now in his early 60's and although he is doing well, he still has to work to make ends meet and I don't know when he is going to be able to retire. He enjoys his work and is quite good at it but I really wish he could just sit back and enjoy his remaining years doing whatever he wants with his time.

I've been thinking about that a lot recently and the more I do, the more I want to work towards building a comfortable for myself and my dad, so he can finally relax. It is still going to take some time but my dad is in fairly good shape and I believe he still has some good years to live.

With that in mind, I turned this idea into my life purpose and it gave me renewed strength to get by. Whenever I'm feeling down and not very motivated to get the work done, I remember why I'm doing it for or, in this case, who I'm doing it for. This newfound purpose is surprisingly effective at boosting my motivation to get out there and work hard towards my goal.

Having the right motivation is a very important element of any goal. In fact, I believe that setting a target without a strong motivation to back it up is not really a goal.

In my opinion, a true goal must be intimately connected with personal values, no matter what they are. Much has been said about SMART goals and while I vouch for that methodology, I think that value-based goal setting is a fundamental first step in the process that is currently overlooked.

The very word "values" has become a hyped term in corporate and startup culture and I think its true meaning was lost somewhere along the way so I'm trying to reconnect with that and it's working very well so far.

When I think that my goal is to generate 86k USD passively every year, it's easy to get overwhelmed but, on the other hand, when I think about why I'm doing it and the kind of life I'll be able to give to myself and my dad, it gets a lot easier. Rather than thinking about how far I am from that goal, I think about the many opportunities we have in crypto and on Hive. I think about the power of compounding interests. I think about the disruptive nature of DeFi and how platforms like CubFinance and PolyCUB can redefine the financial world and then, suddenly, things don't look as hard as before.

One last thing: don't be bothered by other people judging you over your goals. As I said, I believe your goals must be deeply connected to your personal values and only you can be the judge of what matters to you. It can be helping a family member as in my case, it can be moving out of your country for whatever reason and it can even be accumulating as much money as you can because you like it. As long as it's important to you, that's all it matters.

Final thoughts

Having a financial goal is very important but knowing what is the underlying motivation of that goal is just as important, if not more.

Make sure your goal is connected to one or more of your personal values and that motivation should come naturally. From there, stick to your plan and do the work every day.

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27 comments
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Welcome back.

Yep, everyone has different motivators and finding the one that clicks for YOU is key.

All the best :)

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Thanks!
For a long time I was trying to find motivation on things that are important for others but that obviously didn't work

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86K passive income is mighty large.

I'd like to get there too. Watching your journey and seeing what I can copy/paste.

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Mighty large indeed! Definitely a long term goal but I believe I'll get there eventually

I'm sure that those of us who got involved in the early days of crypto have a good head start

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My dad is now in his early 60's . . .

Reading your post, how I imagine my sons would also share your thoughts.

"Value-based goal," yes, that provides a great motivation in setting financial goals.

Thanks!

!PIZZA

!CTP

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Welcome back and I think that is a decent goal to have. I would also like to retire early and building up a passive income stream would also help me towards that end.

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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Money is a common motivator but it definitely not the only one. Usually, the desire for money works best when combined with another motivator. Thanks for sharing.

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Welcome Back! Motivation or knowing your "Why" is super important. I am close to your Dad's age. I love what I am doing and building on Hive and know that because it's not hard physical work I can do it as long as I feel like doing it. In other words, no one can or will tell me when I have to retire or take a vacation, or a sick day. That freedom of choice is all the motivation I need. And if I choose to pick up another side hustle I can do that too.
!CTP

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Thanks for dropping by and for sharing your perspective! I would love to onboard my dad on Hive, but he's being very resistant!
I'm not giving up, though.

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You're welcome, @tokenizedsociety! Good idea not to give up on your Dad. My Dad is 91 and he has a Chromebook and has learned how to use the Dictate feature in Google Docs to "write" his memoirs. He bought it for his Christmas/Birthday present when he turned 90. He still needs help sometimes but it gets him to turn off the TV and do something more for himself. And he enjoys it! Have a great weekend.😀
!CTP

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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(Edited)

I say welcome back. Naturally, if there is no reason for doing something, such a thing would eventually go down the drain due to lack of motivation because ones ebergy can never be 100% throughout. It is that reason, such that when you remember the why, you pick the baton again and continue the race!

Thanks for the advice you added @tokenizedsociety

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It is that reason, such that when you remember the why, you pick the baton again and continue the race!

Well said! That's exactly how I feel.

I'm glad you find the article useful and thanks for dropping by

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