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"Make sure that your motivation is grounded"
- Shivam Verma
- Dec 7, 2024
- 2 min read
Updated: Mar 17
In India, most families are motivated to accumulate gold from the time their child is born. There is an unsaid understanding that this gold will be useful in the child’s marriage if nothing else. A few years ago in a media panel discussion, a senior banker admitted that both her son and daughter had rejected the idea of wearing or gifting large quantities of gold at their weddings. What’s more, since they had decided to settle overseas, they did not want any of the real estate that their parents had invested in, for them.
Providing for your children or trying to leave a financial legacy for them is a valid motivation but you must also recognize that it’s not their motivation. Your children are unlikely to live out your life’s dreams and desires. Hence, you can consider transforming this motivation to create a legacy into a more accessible and useful outcome. Accumulated financial investments for example, instead of gold and real estate, could be used as they please.
What’s the use of being motivated by an outcome that pleases you but fails to impact those who you intend as the beneficiaries of the money decision?
The right motivation, be it in any aspect of life, has the potential to deliver the most accurate results. When it comes to money, aligning your motivation with your life’s values, aspirations, and actions that best define you as a person is better placed to deliver more accurate results. Tweaking it for convenience and best end use is another aspect to consider. If your motivation is linked mostly to displaying status, trying to match other’s expectations, and keeping up with your neighbours then the outcomes are likely to be unsatisfactory at every level and even if you don’t desire it, you will not be able to stop chasing more.
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