Will HumphreysVirtual Assistant & Healthcare Recruiting Expert

Unlocking Success: How Motivation and Effort Shape Our Financial Mindset

Name: Unlocking Success: How Motivation and Effort Shape Our Financial Mindset
Uploaded: 2024-07-18T20:02:01+00:00
Duration: 47 s
Channel: Will Humphreys
Description: Will Humphreys argues that financial security is tied to control and perceived connection between effort and income rather than fixed salaries. He claims…

18 Jul 2024 · 1 min

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Will Humphreys argues that financial security is tied to control and perceived connection between effort and income rather than fixed salaries. He claims that when people can directly link effort to pay (motivation/control), burnout decreases substantially — potentially by 50% or more — even if effort increases.

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We will adapt to whatever stresses we have. The key is motivation and having their win tied to their effort. If we get out of this mindset and yeah, you're solving that problem of how we think about money and security, which is hysterical. If I get a salary, I've got security. You know, the security comes from control and having influence. If I, as a pt, know how my effort relates in getting paid, then I can determine how much effort I put into things. Otherwise, this salary model we have is going to set it up for people to feel like they're burned out no matter what, because they just everyone wants to do the bare minimum when they don't under. When there's no connection between my effort and my income, everyone, I'd say burnout goes away by 50% or more, even if it means doubling their effort.