Saturday, May 29, 2010

Daniel Pink's Drive

I read a book a few month's ago titled "Drive" by Daniel Pink.  It is an incredible book showing what motivates people both in business and life.  (Hint: It's the exact opposite of what most people believe)

If you are someone who manages people, either at an office or at home as a parent, the book is well worth a read.

If you are someone who does not like to read, the following video summarizes the key points of the book using pictures and examples:

Click Here To Watch Video

I can relate completely with the conclusions of the author.  I spend hours and hours every week pouring through financial articles, books, and radio.  I then spend hours formulating thoughts on what I take in and presenting it here on this site.

I receive no financial compensation for this work. (I do not think of it as work)

I also spend my Monday through Friday working time managing a 460 unit apartment complex.  I make 4 times less money working there than I did at my previous job.  That is correct, a 75% pay cut for a much tougher job.

Why would I do these ridiculous things?

Purpose.

I do not want to write a financial blog or manage an apartment complex 20 years from now.  I want to be running a hedge fund and own/manage a large real estate portfolio (no where near the actual real estate).

Someone once told me that in order to build a tower you have to have the patience and take the time to pour an enormous foundation.

Daniel Pink has found out that many people other than myself act in similar strange ways.  In fact, it is the norm.  We didn't know why we behave this way, until now.  He has put it in writing for us.

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