11 Types of Motivation: What They Are & How to Use Them 2019

types of motivation

Intrinsic and extrinsic motivation are the two broad types of motivation. Intrinsic motivation occurs when people are motivated by internal rewards like self-improvement. Extrinsic motivation represents external drivers and rewards like money or praise. However, there are many kinds of intrinsic and extrinsic drivers that influence people differently. These various drivers fall under either the …

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Rich vs Wealthy: How to Make Money the Right Way

rich vs wealthy building wealth

The main difference between being rich and being wealthy is that rich people generate short-term riches they spend on material possessions while wealthy people generate sustained wealth they invest in appreciating assets. Rich people measure success by the amount they spend while wealthy people measure success by growth and their relative level of happiness. However, …

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How to Use the Expectancy Theory of Motivation in Life & Business

expectancy theory of motivation

The expectancy theory of motivation, also known as the valence-instrumentality-expectancy theory, states that a person’s motivation is directly tied to their expected outcome as a result of their hard work and labor.  For example, you’re typically more motivated the more you believe that your current actions will result in your desired goal.  The theory was …

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How to Use the Equity Theory of Motivation in Life & Business

equity theory of motivation

The equity theory of motivation states that a person’s motivation is directly related to their perception of equity, also known as level of fairness.  This theory by John Stacey Adams shows that you become more motivated when perceived equity is higher, and vice versa. Key inputs directly increase or decrease equity, affecting things like your salary …

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Arousal Theory of Motivation: What it is & How to Use it to Your Advantage

arousal theory of motivation

The arousal theory of motivation states that motivation is tied to specific levels of “arousal”, which in psychology represents mentally alertness and attentiveness. People have different levels of optimal arousal that help them maintain motivation. However, studies show that “moderate levels of arousal” result in maximum motivation and ultimate success. How the Arousal Theory of …

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How to Balance Intrinsic & Extrinsic Motivation [+ Use it to Your Advantage]

intrinsic and extrinsic motivation

Intrinsic and extrinsic motivation are two opposing theories of motivation. Intrinsic motivation encourages people to achieve goals because they are personally rewarding. Extrinsic motivation encourages you to engage in a behavior or activity because of an external reward or punishment. However, intrinsic and extrinsic motivation can be used together in order to achieve an optimal balance …

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How to Use the Rational Choice Theory to Your Advantage

rational choice theory

Rational choice theory is a principle that says that people act rationally in any given situation. The theory assumes that all humans are “rational actors” and that everyone freely chooses behaviors based on rational calculations that maximize utility. Most mainstream economic and even criminal ideologies are based on the rational choice theory, meaning that most …

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10 Undeniably Successful Habits for Achievement in Life and Business

successful habits

Everyone wants to be successful in one arena or another. A business owner and a stay at home mother might define “success” differently, but both want to be undeniably successful in the arena they choose. For this reason, such books have been written with titles like The 7 Habits of Highly Successful People and The Success Principles. Yet …

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Learn About the Top 5 Digital Trends Affecting the FinTech Sector

digital trends that are changing the fintech sector

This is a syndicated post originally written for the technical consultancy Cohaesus Once upon a time, the fintech industry was a trend all by itself. It started with peer-to-peer payment companies like PayPal, and before long the fintech sector was a legitimate and market-moving industry. Today, the fintech industry has proliferated into many smaller trends, …

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Startup Mindset: How Large Corporates Succeed With a Lean Mentality

even large corporations and multinationals can still adopt a startup mindset

This is a syndicated post originally written for Cohaesus, one of my clients. The “startup mindset,” once a contrarian way to approach business, has become the norm among successful companies. What began as grit and determination among small companies is now something businesses of all size try to foster. Thanks in large part to new …

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