A motor includes a balancing member having a surface, a shaft coupling portion and a magnetically conductive portion. A stator is coupled to the balancing member. A rotor includes a hub, a shaft, and a permanent magnet. The shaft and the permanent magnet are mounted inside the hub. The shaft is rotatably coupled to the shaft coupling portion. The permanent magnet includes a magnetically attracting face aligned with the magnetically conductive portion of the balancing member. The magnetically attracting face and the magnetically conductive portion attract each other to maintain stable rotation of the rotor while providing a simplified structure. The balancing member can be interconnected to a housing, and the hub can include a plurality of blades to form a heat dissipating fan. When the rotor rotates, air currents are drawn by the blades to a heat source for heat dissipating purposes.