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The psychology of collecting is an area of study that seeks to understand the motivating factors explaining why people devote time, money, and energy making and maintaining collections. There exist a variety of theories for why collecting behavior occurs, including consumerism, materialism, neurobiology and psychoanalytic theory.
Bernard Arnault, CEO of luxury conglomerate LVMH, once said: “As long as I’m not the richest man in the world, I won’t really be happy.” Luckily for Arnault, with a net worth of $200 ...
If you’re like most people, you’re probably resolving to save more money in 2024. A new GOBankingRates survey of more than 1,000 adults found that one in four people — the largest group of ...
When it comes to money, it always helps to take a step back, acknowledge your emotions and weigh the risks and rewards. Hear an expert's take on 8 common mindsets that could be holding you back ...
In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.Mainstream microeconomic theory posits that the ultimate goal of a business is "to make money" - not in the sense of increasing the firm's stock of means of payment (which is usually kept to a necessary minimum because means of payment incur costs, i.e. interest or foregone yields), but in ...
Drive: The Surprising Truth About What Motivates Us is a non-fiction book written by Daniel Pink. The book was published in 2009 by Riverhead Hardcover . It argues that human motivation is largely intrinsic and that the aspects of this motivation can be divided into autonomy , mastery , and purpose . [ 1 ]
Quiet millionaires make it their business to learn the dangers of debt and the virtues of compound interest, as well as how markets work and why hyped investments don’t. They’re in it for the ...
They refer to the use of rewards or benefits that are not directly related to money or financial compensation to motivate individuals to perform specific actions or achieve desired outcomes [22] The use of non-monetary incentives is based on the recognition that individuals are motivated by a range of factors beyond financial rewards and acts ...