¡§Money Is the Only Thing That Really Motivates People¡¨. Discuss.

Topics: Maslow's hierarchy of needs, Motivation, Abraham Maslow Pages: 6 (1915 words) Published: April 3, 2007
Henry Fielding once said, ¡§Make money your god and it will plague you like the devil¡¨. Money presents in so many aspects of life. It seems that almost everything can be bought, with the high value attached to money. People are very addicted to money because of the idea that if you have money, you have the success, popularity, power and acceptance. But, there is always danger in losing values such as love for sports or being a hardworking person. A good example is the current trend in sports wherein top players in football or basketball are only interested in picking up their paycheques more than genuinely loving sports and achieving success in terms of being the best athletes they could be (Money is not the motivation 2004). There are nagging thoughts of what the real motivation is for entering a venture as the importance of money is becoming more and more hard-hitting these days. As the quotation above says, is money society¡¦s new god? If so, can other values such as freedom, love, achievement or even motivation also be bought? This is precisely the topic of the paper. All of these things can be pointed back to money and see how people treat it today. Besides discussing the real functions of money, this paper will also attempt to answer not just the questions above but also investigate whether money is the only thing that really motivates people today. II.Money as Motivation

¡§Motivation¡¨ derives from the Latin verb ¡§movere¡¨ which means ¡§to move¡¨. Beck (2004, p.3) defined Motivation as an internal state which is the driving force that activates behaviour or gives directions to thoughts, feelings and actions of an organism. The accumulation of wealth has become an important facet of society because of the increasing materialistic ideology spreading in the world. In addition, there is a growing concern for people to move upwards in society through earning or making more money. It is undeniable fact that people are bowing to the demands of money as almost everything is rationed, administered or valued in terms of money (Ventura, 1995). With the high value attached to money, it connotes an idea that money is a motivation for people. For this paper, it will be discussed thoroughly in three areas: Psychology, Management and Education whereas arguments are supported by good examples found in literature which demonstrate the use of money as motivation. A. Psychology

The desire to have money is ingrained in people today as explained by Ventura (1995) when he said that money has become the absolute standard of access and status. This desire is evident in many fields not only in commerce but also in education, justice and art, etc. Along with this desire is also the need to be valued which is manifested through unconscious or half-conscious actions by making money felt in the different aspects of life. Ventura (1995) pointed out that money has even affected intimate relationships: as in couples fighting viciously over money and property during divorces; or in friendships as a contest of dominance in who will pick the bill. These examples illustrate that the desire to have more money which will gain the person more of the increasing benefits attached to it. It further shows that money works insidiously to fan the flames of desire and need that it becomes a motivation. Thus, people¡¦s lives today are inevitably revolving around making money in order to satisfy their momentarily need and desire, even though they are opposite to human and communal value of our work. These also touch another psychological aspect stated in Ventura (1995) ¡§money is, if not quite omnipotent, at least omnipresent¡¨. Why do people have such different behaviours? Motivation is one of the explanations we use when we try to account for the variability of behaviour. Under virtually identical circumstances, variations in individual behaviour may be due to differences in motivation. People have a hierarchy of needs that determines...

References: Bartol, K. Tein, M. Matthews, G. and Martin, D. 2005, Management, 4th edn, McGraw-Hill Australia.
Beck, R.C. 2004, Motivation Theories and Principles, 5th edn, Pearson Education, Inc., New Jersey.
Bishop, J. 2004, ¡¥Money and motivation¡¦, Education Next, Winter 2004, viewed 31 August 2005, .
Gellerman, S.W. 1968, Management by motivation, American Management Association, New York.
Henry Fielding, Quotation Details, The Quotation Page, viewed 2 September 2005, .
Pinder, C. 1984, The Scott, Foresman Series in Organizational Behaviour and Human Resources: Work Motivation, Theory, Issues, and Applications, Scott, Foresman and Company, USA.
Ventura, M. 1995, ¡¥The psychology of money¡¦, Psychology Today, March-April 1995, vol. 28, viewed 10 September 2005,
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