News 4 Steps to Reaching Your Money Goals — Faster!

April 24, 2014 by Shannon

What is it you really, really want? To answer this honestly, it helps to know where your motivation comes from, explain Richard Ryan and Edward Deci, psychology professors at the University of Rochester. There are two types of motivation that govern human behavior: intrinsic motivation, which means being driven from within or doing something because we find it personally enjoyable; and extrinsic motivation, which involves being driven by something outside of ourselves or an external reward (example: studying to get a good grade, not for the sake of learning).

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CNBC: Inside Employee Motivation: Does Money Really Make a Difference

November 26, 2012 by Shannon

November 26th 2012   “How do you keep your employees motivated? How do you show them that their work is valued? Many small business owners use bonuses or raises, and while everyone loves a little extra cash, motivating your team with money may not be as effective as you think. When used poorly, monetary rewards...

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BBC: Does Money Really Motivate People?

May 10, 2012 by Shannon

May 10th 2012. Pioneering work in the field was carried out in the early 1970s by Edward Deci, a psychologist at Rochester University in New York. He found that students offered cash prizes to solve puzzles were less likely to continue working on them after payments had been made, compared to students who were offered no...

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LA TIMES: Busy bodies, happy minds

September 20, 2010 by Shannon

September 20th 2010. With unemployment idling near 10%, the negative effect of job loss on mental health has assumed a sharp relevance. Losing work has been linked to depressive symptoms, heavy alcohol use and even long-term psychological damage. But research suggests that loss of income explains only part of this pain. The rest has something...

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