Episode Summary: Mindset Matters - Episode #156 - Throwback Thursday - The 5 "P"’s to Motivation

Release Date: October 24, 2024
Hosts: Patrick O. and Stephanie Hanlon
Podcast: The Everyday Millionaire

Introduction

In Episode #156 of The Everyday Millionaire titled "Mindset Matters - Throwback Thursday - The 5 'P's to Motivation," hosts Patrick O. and Stephanie Hanlon engage in a deep exploration of the various factors that drive human motivation. Drawing from personal experiences and professional insights, the duo breaks down motivation into distinct categories using the framework of the "P's." This episode serves as a valuable guide for listeners seeking to understand their own motivational drivers and how to harness them for personal and professional growth.

The 5 "P's" of Motivation

1. People

Patrick and Stephanie begin by discussing how some individuals are primarily motivated by interactions with others. Patrick explains:

Patrick O. [08:29]: "People who are motivated by other people are in the energy of that. They like the accountability part of it. They like the acknowledgement part of it."

Stephanie adds that while being around others can provide support and encouragement, over-reliance on external validation can lead to people-pleasing behaviors.

Stephanie Hanlon [11:04]: "If you're a people motivated person that you're really looking to that support of going, 'Wow, you got this. Couldn't have done it without you,' overdone can turn into people pleasing."

Key Insights:

• Strengths: Enhanced teamwork, accountability, and mutual support.
• Potential Pitfalls: Risk of losing individual direction and excessive dependence on group approval.

2. Purpose

The conversation shifts to purpose, emphasizing its role in providing a deeper sense of fulfillment.

Patrick O. [12:56]: "When people come away, they are feeling motivated or inspired to be their greatest self. Can I live my life in a better way? Can I be my best self?"

Stephanie underscores the importance of connecting individuals to their "why" to ignite genuine passion.

Stephanie Hanlon [13:37]: "When you connect people to what it is that they say they want, if we can figure out why they want it, then we're connecting to purpose."

Key Insights:

• Strengths: Long-term fulfillment, alignment with personal values, and meaningful impact.
• Potential Pitfalls: Difficulty in identifying purpose can lead to stagnation.

3. Pursuit

Pursuit-driven individuals are characterized by their competitive nature and dedication to achieving specific goals.

Patrick O. [17:35]: "Pursuit people are generally competitive. They want to be the best by outworking and outlasting the competition."

Stephanie notes that pursuit is often about self-improvement rather than external competition.

Stephanie Hanlon [17:35]: "It's about being their best selves. It comes from knowing that what they've done is going to pay off."

Key Insights:

• Strengths: High levels of discipline, resilience, and goal-oriented behavior.
• Potential Pitfalls: Risk of burnout, reluctance to seek help, and possible alienation from others.

4. Pressure

Pressure-motivated individuals thrive in high-stakes environments and often perform their best under tight deadlines.

Patrick O. [21:17]: "I will literally leave it to the last two days and I'll put in 10 hours in the last couple of days to get that presentation put together."

Stephanie observes that while pressure can drive performance, it can also lead to stress and aggressive behavior.

Stephanie Hanlon [24:33]: "That pressure can be really... It can be hardcore."

Key Insights:

• Strengths: Enhanced focus, ability to meet tight deadlines, and surge in productivity.
• Potential Pitfalls: Increased stress levels, potential for mistakes, and negative impact on well-being.

5. Passion

Passion is often cited as a key motivator, but Patrick and Stephanie delve into its complexities.

Patrick O. [24:33]: "The fifth P that we're gonna talk about is passion. And this is one that you and I bump up against in terms of supporting people around."

Stephanie challenges the conventional wisdom of "following your passion," suggesting that purpose should precede passion for sustainable fulfillment.

Stephanie Hanlon [25:09]: "I don't believe that find your passion and profit will follow... I believe that purpose allows us to identify what we're passionate about."

Key Insights:

• Strengths: Deep emotional engagement and sustained interest.
• Potential Pitfalls: Passion without purpose can lead to lack of direction and financial instability.

Integrating the P's for Balanced Motivation

Both hosts emphasize the importance of a balanced approach to motivation, suggesting that relying on a single "P" can lead to vulnerabilities. They advocate for understanding one's dominant motivators and integrating multiple "P's" to achieve a more holistic and resilient motivational framework.

Patrick O. [32:06]: "If you can be passionate about your purpose and you can profit from it, that's a pretty great place to be."

Stephanie echoes this sentiment, highlighting the need for depth and variety in one's sources of motivation.

Stephanie Hanlon [33:27]: "Profit is not the only thing that can drive people. If it is, it's going to get really shallow."

Key Insights:

• Holistic Motivation: Combining multiple motivators leads to greater fulfillment and adaptability.
• Self-Awareness: Recognizing one's motivational drivers is crucial for personal growth and overcoming challenges.

Personal Reflections and Conclusion

The episode concludes with Patrick and Stephanie sharing personal insights and acknowledging each other's strengths. Stephanie celebrates Patrick's birthday, highlighting the supportive dynamics of their partnership.

Stephanie Hanlon [34:33]: "Happy birthday, babe. I love you and this was fun."

Patrick wraps up by encouraging listeners to reflect on their own motivations and seek fulfillment through understanding their purpose.

Patrick O. [35:05]: "If you found value in the podcast, please take the time to rate and review and share with others. Share with your friends."

Final Thoughts: This episode provides a comprehensive framework for understanding motivation through the lens of the "P's." By dissecting each motivator and discussing their interplay, Patrick and Stephanie offer listeners actionable insights to identify and cultivate their own sources of motivation, ultimately guiding them toward becoming Everyday Millionaires in their personal and professional lives.

Notable Quotes:

• Patrick O. [08:29]: "People who are motivated by other people are in the energy of that."
• Stephanie Hanlon [11:04]: "Overdone can turn into people pleasing."
• Patrick O. [12:56]: "Can I live my life in a better way? Can I be my best self?"
• Stephanie Hanlon [13:37]: "If we can figure out why they want it, then we're connecting to purpose."
• Patrick O. [17:35]: "They want to be the best by outworking and outlasting the competition."
• Patrick O. [21:17]: "I will literally leave it to the last two days and I'll put in 10 hours."
• Stephanie Hanlon [24:33]: "That pressure can be really... It can be hardcore."
• Stephanie Hanlon [25:09]: "Purpose allows us to identify what we're passionate about."
• Patrick O. [32:06]: "If you can be passionate about your purpose and you can profit from it, that's a pretty great place to be."
• Stephanie Hanlon [33:27]: "If you don't have the other five or six Ps, how deep is your life."

By offering a structured breakdown of the "P's" and integrating personal anecdotes, this episode equips listeners with the tools to analyze and enhance their own motivational strategies, paving the way for sustained success and personal fulfillment.