When we have a normative reason, and we act for that reason, it becomes our motivating reason. But we can have either kind of reason without having the other. Thus, if I jump into the canal, my motivating reason was provided by my belief; but I had no normative reason to jump. I merely thought I did. And, if I failed to notice that the canal was frozen, I had a reason not to jump that, because it was unknown to me, did not motivate me. Though we can have normative reasons without being motivated, and vice versa, such reasons are closely related to our motivation. There are, however, very different views about what this relation is. This disagreement raises wider questions about what normative reasons are, and about which reasons there are. After sketching some of these views, I shall discuss some arguments by Williams, and then say where, in my opinion, the truth lies. [...] I [will] suggest why, as I believe, we should be non-reductive normative realists, and should regard all reasons as external.