Thursday, February 2, 2012

'Clarifying Your Values' as part of a financial-planning strategy

Beverly Fogle is a certified financial planner and a friend of mine who has worked in the Portland-Vancouver metropolitan area since 1982. She's been a great source of information for me on topics large and small...all related to investing, money-management and retirement planning.
Not long ago, Beverly and I shared a podium at a Women's Financial Planning Summit in Vancouver. Her presentation was to the point, informative and helpful. Beverly's personal passion is flying airplanes. Maybe that's why she's such a good financial adviser. She knows how to get from point A to point B. Below is Beverly's piece, "Clarifying Your Values."
This is my first guest article at Thanks Bev.

When you’re faced with making major decisions, it’s time to Apply the Values Test.
Go back and look at your own personal value system.  Evaluate your options in this light.  Many of us have thought seriously about our values at some time, but this kind of introspection and personal analysis often gets lost in the tumult of daily adult life.
Do it again!
Review your basic values.  We all have family responsibilities and commitments, personal goals, and lots of life experiences.  These can alter, modify or reinforce the values we defined for our younger selves.  Age and maturity have a lot to do with it. 
Write them down!  There is power and genius in the written word.  A goal or value that is actually written in one’s own handwriting has staying power.  Saving these pieces of paper, and reviewing them periodically, is one of the mental disciplines of many highly effective and successful people.  Some of these thoughts and words are most valuable when shared with others.  Others are meant for the privacy of one’s own heart.

All have major importance when it’s time to make life decisions.
What are your family values?  Will your vision of family be affected by this decision?
What are your spiritual values?  Does this dictate including or eliminating options?
What are your social values?  Can this decision make the world a better place?
What relative value do you place on your professional or occupational goals? 
Who (or what) would you miss most if you lost that part of your personal universe?  And how do you define your personal universe, anyway?
These questions are meant to help you get started in redefining and updating your personal Credo – your personal statement of values.  This takes time, and must come from your heart.  It can be hard work.  Don’t get distracted by failures --- we all have them.  It’s called being human. 

Don’t be too hard on yourself.  This is meant to be a forward-looking study.  It will help you be comfortable in your own skin, and honor your values in your future decision-making.
For More:
Defining your values, click here.
How to define your personal values, click here.
What are your Values? click here.
Simplify Your Week, Define Your Values. click here.

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