The Value of Appreciation and Acknowledgement
You might be shocked to know how significant acknowledgement and appreciation can be in someone’s life.
For all our talk of money being a motivating factor for people I would contend that we’re even more driven by the desire to be acknowledged and appreciated. In fact, I think that in many ways a salary is just an indicator to a part of our brain, that we are being acknowledged and appreciated. But there’s another level…
Recently a client wrote this to me:
“Why don’t you go ahead and contact him – I trust you.”
Did you catch that? “I. Trust. You.”
There is virtually no amount of money that can replace THAT. Trust is something you can’t buy (though some politicians might argue). Trust is something earned and what you can do with trust, in many ways far exceeds that which you can do with money.
This morning I awoke to this message in my inbox:
“Love your work!!! … Keep writing inspiring pieces”
I won’t ask you the rhetorical question of “how do you think that makes me feel about writing?” I’ll just tell you: it validates every word that I have ever written.
There will always be people that are purely motivated by money, and in truth I find that sad. I don’t think any amount of money can replace purpose, and when you are driven by purpose, acknowledgement and appreciation is what makes you rich.
As I build my company, I am keenly aware that how I pay my partners is important, but because the people I work with were brought on to do work that they love, I make sure that they always know how much I appreciate the work that they do, and acknowledge the skill and professionalism that they bring to the table.
As you go forth today and interact with people, try and make it a point to really acknowledge and appreciate someone for something. You might just change their entire day.
Most Read IRIS Articles of the Week: July 17-21
Here’s a look at the Top 11 Most Viewed Articles of the Week on IRIS.xyz, July 17-21 2017
Click the headline to read the full article. Enjoy!
The fee debate raging across mutual funds has long since seeped into hedge funds. Certainly the direction of travel on hedge fund fees was already downward, as strong industry competition and underwhelming performance have taken their toll. — Yazann Romahi
Equity markets continued their strong run in the second quarter of 2017, thanks to the global economy hitting its stride and registering the fastest level of growth in six years. For the first time since 2011, the U.S. is no longer the only shining star as economic momentum picked up across the globe. — Sonu Varghese
What’s powerful about Smart Beta is that it allows investors to target very specific factors to create an ideal portfolio based on a given asset allocation. — Salvatore Bruno
At almost every financial and insurance conference we’ve attended in the past year, sessions to discuss the Department of Labor (DOL) Fiduciary Rule have been among the most popular. — Merriah Harkins
In researching high growth professional services firms we made an eye-opening discovery. Those firms that did systematic business research on their target client group grew faster and were more profitable. — Michael Kay
We live in a noisy world where wisdom is hard to discern. Here are a dozen financial truths honed from more than three decades of observation. — James E. Wilson
If you keep getting the same actions or responses from your interactions, it is most likely you that is the problem. Stop blaming others for your issues. — Matthew Halloran
Being influential through your verbal and non-verbal communication Monday to Monday® requires deliberate practice. You can’t read how-to’s in a book or rely on your title and comfort level to be influential. — Stacey Hanke
We all search for the least chaotic place to work and think. However, your location could hurt your productivity. Here’s why…. — Jennifer Goldman
You’re supposed to have a single burning passion, right? To feel this incredible drive to do this thing that you love. — Alli Polin
Real innovation, and real disruption, will be concepts and methods which “do new things that make the old things obsolete”. — Tony Vidler
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