plonkee money an english-er's thoughts on personal finance

May 19, 2008

what motivates you?

Filed under: philosophical — Tags: , , — plonkee @ 12:00 pm

On one of the posts that I highlighted from last year , E.C. from not living on ramen commented:

it’s much harder to maintain motivation when there’s really no end in sight

I think she’s right. I’ve mentioned a few times that I find it hard to get motivated about investing for retirement – it’s just too far away. For those that are in debt, you have a concrete goal at hand, but that too may feel like a long way off.

I’m a naturally lazy person, so I work with this tendency by making as much as possible automagical. This also helps with motivation as it cuts out the need for great piles of it. I also treat my investment accounts as untouchable – both my pension (which really is untouchable) and my stocks and shares ISA (which is actually instant access). Mentally, I almost completely ignore those pots of money as far as my day to day living is concerned. I stay motivated to save and invest by taking the easy way out and removing any requirement for motivation.

But, what about you? Do you have any tricks that you use to stay motivated and work for the bigger picture? Do you find this sort of thing easy, or difficult? Let me know in the comments.


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