Refocusing my motivation to become wealthy

May 17, 2006 by Erik Folgate  
Filed under Giving, Random

It has only been a few years that I have been so passionate about personal finance and becoming independently wealthy.  I never had the drive or motivation in my teenage years to start my own business.  I now feel like I focus too much on new ideas, budgeting, and where to invest my money. Balancing greed with fiscal responsibility has proven to be harder than I thought it would be. 


I think it is healthy for all of us to evaluate our motivations.  Why do I want to start my own business?  Is it because the income potential is limitless, or is it because I really like the idea of being creative and having a flexible schedule.  I can honestly say that it is the non-monetary aspect of it that motivates me.  I told my wife the other day that I want to have the feeling of knowing that I can go and visit my best friends in another state whenever I feel like it.  I don’t want to have to think about how many paid time off days I have left at work.  I hate knowing that if I show up to work 5 minutes late that someone is whispering behind my back and questioning my work ethic.  I hate the fact that I have to report to someone first if I have a new idea about how to do something.  I understand that entrepreneurship is not for everyone, but I truly believe it is for me. 

Another one of my motivations is the act of giving.  My heart is always in the right place when I am in a place to give and give generously.  It is hard to give generously when you are on a fixed income with a ton of bills.  Giving is like medicine to the soul.  Put yourself in a position where you WANT to give and I believe you’ll live a longer, happier life. 

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