Bill Gates' first-born daughter, Jennifer, has $20 million to her name. She is only 20 years old and hasn't even finished college yet. You could say she has a lot of money, and that would be an understatement! At age 20, she has more wealth to her name than most of us will in our entire lives.
Meanwhile, John Fischer, the Founder and CEO of Stickergiant.com, owns a company with a net worth of $10.2 million, only half of what Jennifer Gates has. As crazy as this may seem, who do you think appreciates their wealth more?
Is it the one who has more to her name?
Is it the one who had to go out on his own and build his wealth?
You can probably see where I'm going with this. While Gates has more economic spending power, Fischer likely appreciates his money since he had to work for it. Nothing against Gates (I'm sure she was raised right by her high-achieving father), but simply having something will not motivate you to action. When you're accustomed to receiving things for no reason, you begin to feel entitled, rather than appreciative. When you have to work hard to get something, it creates a mindset inside you where you tend to achieve success, rather than simply beg for the prize at the end.
Tony Robbins covers this concept in one of his website articles. By rewarding yourself only for accomplishments, you'll end up rewiring your brain to relate positive emotions to personal success. This is why Alcoholics Anonymous rewards members with chips for being sober. It's also why individual teams or companies give trophies or medals to their own members. A lot of times, the best way to do this is to create external stressors that will force you to act.
Food for thought:
What if you rewarded yourself for your hard work, rather than treating yourself for something insignificant?
What are some things you're looking to achieve in the near future?
How can you use incentives and reward yourself for milestone accomplishments?
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