Subba’s Serendipitous moments

January 23, 2007

Money and motivation

Filed under: Perspective,Winning strategies — Subbaraman Iyer @ 11:16 pm

The Scientific American has a very interesting article on Money and Mind.

I believe money is definitely a motivator to some extent, but beyond a point, it loses its value as a motivating factor. Successful people have rarely used money as the prime motivating factor. I think they believed in the cause, or genuinely enjoyed the effort. Money was merely the by product.

I also believe that there has to be a right balance between rewarding effort and rewarding outcomes.

Hence I feel deeply distressed when the Singapore Government defends its high ministerial salaries and money becomes the sole determinant to judge people.

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2 Comments »

  1. I agree, the highest achievements in the business world were not made in the thrive for money. I do not think that Sergey and Larry wanted just to get rich when they founded Google, they were rather trying to change the world. Same thing with Larry, Steve, Bill and so on.

    Nice blog man, keep it up!

    Comment by envec69 — January 25, 2007 @ 5:26 pm | Reply

  2. The second Larry is the Ellison, by the way.

    Comment by envec69 — January 25, 2007 @ 5:27 pm | Reply


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