Monday, February 16, 2009

Ambition - Why it is Not a Ticket to Earn Extra Income and Enjoy a More Successful Life

Ambition is that consuming drive to succeed in one's endeavors. It is an eager or excessive desire for advancement, honor, superiority, power, or attainment. It is a strong desire to achieve prominence, to excel. Ambition drives people to work 18 hours a day instead of signing off at 5.00PM. People consumed with ambition will not accept whatever life brings but will want to earn extra income, to be more high-flying and famous. However, is ambition a ticket to earn extra income and be more successful?

The subject of ambition is complicated. Man not only struggles to understand why some people have more ambition than others but also to reach a consensus on what ambition really is. Some psychiatrists agree that ambition is closely linked to a person's goals and the energy and determination to reach those goals. Others have a different view.

Ambition is expressed differently by men and women, the middle class, the well to do. For example, Apple Computer was co-founded by Steve Wozniak who left the company in 1985 at the age of 34, a multimillionaire. In contrast Steve Jobs continued to innovate at Apple for many years until health problems slowed him down.

Unbridled ambition can be harmful. Take the case of Bearings Bank. It was the oldest merchant bank in London until its collapse in 1995 after one of the Bank's employees, Nick Leeson, lost 827 million Pounds speculating, especially on future contracts. Nick was driven by unrestrained desire to make money for his bosses and earn bonuses for himself.

Selfish ambition seeks glory for self. In contrast, an ardent desire to serve other humans solve their problems and create lasting value is laudable ambition. A strong desire to earn extra income and be more successful without considering others will not lead to satisfaction.

True, every individual is responsible for his own life. To paraphrase an old proverb, every man will carry his own grain to the mill. No one will improve your financial life for you but be aware that you need to consider others as you chase a particular financial objective. Ambition and cut throat completion, so common in today's business world should not blind you to the fact that enlightened millionaires endeavor to leave behind them winners, not losers.

While ambition is required to achieve and earn extra income, it can also be harmful if it is not well directed. Specific goals will prevent unchecked ambition and move you in the right direction. You will be able to avoid stressful 16 hour workdays filled with snack meals and worry, a life style blamed for burnouts, heart attacks, stomach ulcers and family breakdown. Only well directed ambition is a ticket to earn extra income and enjoy a more successful life.

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