For example, you might want to have a $x by the age of x. This is the “what”. If you don’t have a strong enough reason on why you want that amount of money, then you would feel lazy, lack determination to take action and feel that the goal is out-of-reach. Soon, the dream fades away and it remains just as it is – a dream. So a “why” could be that you want to provide for your family the best that they can have, go for a holiday whenever you like, provide for your children’s overseas education, donate to charities and do things you always wanted to without having to worry about money at all. When you have a strong “why”, it drives you forward towards your goal. So like the title suggests, the “why” is more important than the “what”.
Personally, sometimes I too feel lazy to blog, analyze companies, read more books on investing, etc. However, when I think of my personal reasons of why I’m doing all these, then it gives me the drive to move my ass and complete the task. The purpose of this post is also for me to remind myself to think of my whys when I feel like giving up. So, remember that the “Why>What”