In The Thinker’s Way, author John Chaffee describes the word “value” as “the general term we use to characterize anything that possesses intrinsic worth, that we prize, esteem, and regard highly based on clearly defined standards.”
Chaffe further explains, “you may value your devoted pet, your favorite jacket, and a cherished friendship, each based on different standards that establish and define their worth to you.” In other words, we can think of our values in terms of what we treasure the very most in our lives.
Values can also be thought of as specific attributes or guiding principles that we highly revere such as “integrity,” “loyalty,” and “generosity.” Values are also the personal motivators that consciously and unconsciously influence how we behave, the decisions we make, and the degree of happiness we experience. These values vary from person to person, but include such intangibles as recognition, challenge, prestige, harmony, security, freedom, community and creativity. (more…)
This piece on goal-setting (reprinted with permission from Money Quotient) is one that I share with my clients during the initial stages of our Financial Life Planning ® goal-setting process. The article offers “7 Tips” for setting effective goals – insights that can help you laser-focus on the right goals for you.
“The future belongs to those who believe in the beauty of their dreams.”
“Happiness lies in the joy of achievement and the thrill of creative effort.”
As more research into the reasons some grow wealthy while others do not is proving, a person’s mental attitude or state of mind is critical to financial freedom – however you define it. Like so many things in life, human beings are able to talk themselves into just about anything. So, why not talk yourself into becoming financially successful – or – rich?
In Napoleon Hill’s classic book “Think and Grow Rich,” written in 1937 during the Great Depression, he shared the principles that he used to pull himself out of poverty and to help others do the same. None of these principles deal with specific earning or investing skills, but with creating the mental attitude that creates the fertile soil of wealth building.
In an article for CNNMoney, for Money Magazine titled Trick Yourself into Getting Richer, the five authors rely heavily on the book “Thinking, Fast and Slow,” by Nobel Prize-winning psychologist Daniel Kahnemann, in which he “explains that human brains are of two minds: the fast, intuitive decision-maker and the slower, more analytical ponderer.” The idea is to try to “trick” oneself into thinking like a rich person. A few of the more effective tricks would be… (more…)
When it comes to real estate, we are told it is all about location, location, location. When it comes to money, we are told we need more, more, more. However, this begs the question, “How much is enough?” Through the use of our personal investment management strategies and individual financial planning, we can help you answer this question; for yourself and your family.
The messages we receive every day, from radio, television, and all over the internet teaches us to focus on always striving for “More.” But, how much is enough? How much is enough to eliminate the fear of running out of money? How much is enough for us to relax and be happy? (more…)
Financial planning starts with goal setting. Here are 3 “power boosts” that I have found useful personally and in my financial planning practice.
1. SET THE RIGHT GOALS
“The more intensely we feel about an idea or a goal, the more assuredly the idea, buried deep in our subconscious, will direct us along the path to its fulfillment.” – Earl Nightingale
The primary reason that we fail to achieve our goals is that we choose the wrong goals, according to author and coach Martha Beck. We imagine situations (wealth, fame) rather than experiences and direct ourselves toward unintended consequences. We may set a goal to make more money, thinking that wealth will offer security, but end up so focused on work that we destroy the security of our closest relationships and find that it’s not money that makes us feel secure. (more…)
“The new year stands before us, like a chapter in a book, waiting to be written. We can help that story by setting goals.” Melody Beatty
For some of us goal-setting feels like a chore or even pointless, especially if we have failed to achieve our goals in the past. Or we might want to avoid the pressure of living up to our dreams.
Once we admit (even to ourselves) what we really want, we can’t go back to our prior state of denial. We will feel compelled to take action or suffer with our feelings of powerlessness. (more…)