My Experiments in the Practice of Everyday Life

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Money, fitness, Warren Buffett, and intrinsic motivation.

Yesterday’s New York Times pointed out that many former jocks have trouble staying in shape once they’re no longer active in their sports.

One reason given is that people who participated on teams and in competition are used to extrinsic motivation—that is, they do it to win external rewards or avoid external punishments. When the outside force disappears, they stop exercising.

On the other hand, people who exercise as part of a commitment to health are intrinsically motivated—they do it for their own satisfaction, without outside incentives.

And today, the Wall Street Journal reported on “Pathways to Rewards,” an anti-poverty program that rewards people for actions like getting a job or updating prescriptions with “points” to cash in for DVD players, school supplies, etc. This program means to change people’s habits by giving them extrinsic rewards.

It’s better that people be intrinsically motivated to do things like pay their rent or exercise. So the question is: does giving people extrinsic motivation help them develop intrinsic motivation?

This is a tough issue. Getting rewarded for doing something changes people’s attitudes. If you pay people to do something, they often stop doing it for fun or on their own; being paid turns it into “work.” Parents, for example, are warned not to pay or reward children for reading—that teaches kids only to do it for pay.

On the other hand, a tangible reward can be a big boost, though maybe it only works to develop intrinsic motivation if the motive is already lurking there.

In high school, I wanted to redecorate my bedroom. I wrote a long proposal to my parents to lay out my case. My father answered, “Ok. But in return you have to do something—for twenty minutes at a time, four days a week.” Suspicious, I asked what I’d have to do, but he wouldn’t tell me. I had to take the deal or leave it. How bad could twenty minutes, four times a week, be? So I took the deal.

My father’s deal was that I had to spend that time running. He’d been a college tennis player who’d gone out of shape until he took up running—so he was a real believer.

I played sports in high school, but was such a terrible athlete that sports were boring and humiliating. Mostly I liked to lie around and read. I’d already half-heartedly tried to convince myself to start running, but just couldn’t work up the motivation. My father’s deal got me to commit to a regimen—and had an enormous impact. I realized that I liked exercising, I just didn’t like sports.

So in my case, extrinsic motivation did unleash intrinsic motivation.

Money is an extremely effective extrinsic motivator. I suspect that’s why the children of rich parents sometimes suffer from a lack of direction. Without the extrinsic motivation of needing to earn, they must rely on intrinsic motivation—and that’s much trickier.

In reading about Warren Buffett’s $31 billion gift, I was dumbstruck by the astonishing fact that NONE of Buffett’s three children graduated from COLLEGE. This would be a quite extraordinary…failure…for any ordinary middle-class family in Omaha.

I have to believe this was because their father was Warren Buffett. All that money, even before it added up to $44 billion, even with their father’s insistence that they shouldn’t count on getting his fortune, could be enough to mess up anyone’s motivation.

  • http://www.monicaricci.typepad.com Monica Ricci

    Gretchen, why is having a child (or 3) not graduate college an “extraordinary failure”? Some of the most intelligent, creative and wildly successful people in the country never graduated college. Steve Jobs, Bill Gates, Tom Monaghan, Ted Turner, Wayne Huzienga, just to name a few. Just curious about your word choice. ~Monica

  • anon

    Those few who didn’t graduate college and became wildly successful are extreme outliers, and in most cases dropped out of college because they were already well into their phenomenal work.
    The vast majority of people who don’t graduate from college never amount to much.

  • http://verbalvantage.com Sadia Bruce

    Right on, Monica. Outliers her examples may be, anon, but there are scores of college dropouts who also happen to be purveyors of excellence. Email me and I’ll introduce you to some of them.
    The truth is, no one really knows what happens to “the vast majority of people who don’t graduate from college.” The unimaginative majority– comprised of company men and women, middle managers, second rate teachers, and others with “good” jobs– just assume.
    On the flipside, how many homeless PhDs roam the streets of the world? How many foreign doctors drive cabs? How many brilliant people self-destruct? A good number.
    There are so many exceptions to every rule– it’s a wonder that even the dogmatic majority have not begun to think about the value of some of these rules.
    It’s a shame that independent thought is in such short supply. And an irony that many of those who supply it do not hold college degrees.

  • Gretchen Rubin

    Of course, folks are right, many successful people don’t go to college, for a variety of reasons. But in one family, for all three children to start college and drop out seems to me to be pretty strange.
    If that were my situation, whether or not it would be right to think so, I’d consider that track record to be a failure of my parenting.
    Whether or not college is necessary for a worldly success, I think most people find it valuable merely for the higher education and general experience it provides. And the fact is that people who graduate from college are far more likely to have more choices in career and earning capacity.

  • http://www.monicaricci.typepad.com Monica Ricci

    Anon, I’d like to see you cite stats to back up your rather presumptuous claim that “the vast majority of people who don’t graduate from college don’t amount to much.”
    Sadia is right. We don’t know what happens to the vast majority of those people. To express your opinion is one thing, but to state it as fact is quite another.
    Just as an aside… in addition to the above mentioned well-known “outliers”, some of the finest, most intelligent human beings I have ever personally known don’t have a lick of formal education past high school and indeed, a few even less than that. But they are smart, kind, decent and yes, successful people.
    Even if you believe that a college education is an advantage — which I also agree with — you could show more respect than to say that those who don’t have a college degree “don’t amount to much”. ~Monica

  • joe o

    My brother didn’t graduate from college. He is making good money doing IT work. There are alot of people who don’t graduate from college but end up doing computer related work.
    The article said that all three of the Buffet’s children live modestly and run charitable foundations. That isn’t so bad.
    College is an instrumental rather than essential good. Sportswriters often forget this when they talk about proffesional athletes.

  • Ash

    Let’s look for some balance here. It’s not an all or nothing situation: “everyone should go to college” or “college is a waste of time”. Different strokes for different folks, or something like that.

  • Dr. Know

    I would say that UNLESS you’re going to college to become a doctor; engineer; teacher; lawyer; therapist; architect; etc. college may NOT be your best source of education.
    Just “going to college” does NOT translate smoothly or easily into success and it is only moderately beneficial for many people. Most could NOT defend nor articulate the DIRECT benefits of the specific EDUCATION they obtained in college.
    Don’t tell me how college made you “more grounded”, “more well rounded”, “opened your mind” or any of that crap. Tell me how by being forced to read Shakesphere then write a term paper on McBeth it somehow helped you to be successful.
    Explain to me how by listening to some professor pontificate endlessly about social issues has helped you. Tell me how reading books you’re forced to read but have no real interest in then writing some “paper” about it has directly benefited you.
    Oh… and I ONLY pose this question to those who, like myself ARE “successful”.
    I am a well paid marketing consultant; a legal consultant; credit consultant; web master; Professional public speaker, Author of over 10 books and various digital products including audio and video instructional programs on CD and DVD. A Professional communicator; Investor and am about to begin working on developing my first Film. (I will take a film development class for a few months then I’ll be ready to produce my first film). I will NOT waste 4 years of my life at some traditional college just to produce movies… it’s not necessary.
    I have taken a number of college courses but did not truly learn one single thing in college that had ANY contribution to my success (other than my law classes which ‘opened my eyes to a few things about the industry and showed me how to better understand it.)
    Primarily I am self-taught in everything I do. I read self-help, instructional and educational material voraciously and routinely attend seminars or workshops on things that interest me. If I am interested in something then I’ll learn it and I don’t need some bearded “professor” to hold my hand and guide my path to MY fulfillment. Just show me a library, bookstore or internet connection and I’ll master that thing …or at least become competitive in a short period of time.
    (College is for kids right out of high school who lack the discipline or maturity to do this, and for those few who aspire towards those few careers wherein college IS the best source of training, education.)
    Interestingly I have also tutored several college students going for undergrad degrees and even Masters.

  • Dr. Know

    I would say that UNLESS you’re going to college to become a doctor; engineer; teacher; lawyer; therapist; architect; etc. college may NOT be your best source of education.
    Just “going to college” does NOT translate smoothly or easily into success and it is only moderately beneficial for many people. Most could NOT defend nor articulate the DIRECT benefits of the specific EDUCATION they obtained in college.
    Don’t tell me how college made you “more grounded”, “more well rounded”, “opened your mind” or any of that crap. Tell me how by being forced to read Shakesphere then write a term paper on McBeth it somehow helped you to be successful.
    Explain to me how by listening to some professor pontificate endlessly about social issues has helped you. Tell me how reading books you’re forced to read but have no real interest in then writing some “paper” about it has directly benefited you.
    Oh… and I ONLY pose this question to those who, like myself ARE “successful”.
    I am a well paid marketing consultant; a legal consultant; credit consultant; web master; Professional public speaker, Author of over 10 books and various digital products including audio and video instructional programs on CD and DVD. A Professional communicator; Investor and am about to begin working on developing my first Film. (I will take a film development class for a few months then I’ll be ready to produce my first film). I will NOT waste 4 years of my life at some traditional college just to produce movies… it’s not necessary.
    I have taken a number of college courses but did not truly learn one single thing in college that had ANY contribution to my success (other than my law classes which ‘opened my eyes to a few things about the industry and showed me how to better understand it.)
    Primarily I am self-taught in everything I do. I read self-help, instructional and educational material voraciously and routinely attend seminars or workshops on things that interest me. If I am interested in something then I’ll learn it and I don’t need some bearded “professor” to hold my hand and guide my path to MY fulfillment. Just show me a library, bookstore or internet connection and I’ll master that thing …or at least become competitive in a short period of time.
    (College is for kids right out of high school who lack the discipline or maturity to do this, and for those few who aspire towards those few careers wherein college IS the best source of training, education.)
    Interestingly I have also tutored several college students going for undergrad degrees and even Masters.