The document discusses a LifeValues quiz that assesses an individual's values across four categories: inner values, social values, physical values, and financial values. The author took the quiz and found their scores were balanced across categories except for a low score in social values. Upon reflection, the author realized this made sense due to their strong value of financial independence stemming from childhood events that shaped them to be independent. The author believes the LifeValues quiz is an effective tool for the financial planning industry to better understand a client's values and how they relate to financial decision making.
The document discusses a LifeValues quiz that assesses an individual's values across four categories: inner values, social values, physical values, and financial values. The author took the quiz and found their scores were balanced across categories except for a low score in social values. Upon reflection, the author realized this made sense due to their strong value of financial independence stemming from childhood events that shaped them to be independent. The author believes the LifeValues quiz is an effective tool for the financial planning industry to better understand a client's values and how they relate to financial decision making.
The document discusses a LifeValues quiz that assesses an individual's values across four categories: inner values, social values, physical values, and financial values. The author took the quiz and found their scores were balanced across categories except for a low score in social values. Upon reflection, the author realized this made sense due to their strong value of financial independence stemming from childhood events that shaped them to be independent. The author believes the LifeValues quiz is an effective tool for the financial planning industry to better understand a client's values and how they relate to financial decision making.
Values can be defined as things that you believe to be important in
the way that you live and work. Knowing what your values are can be very important to understanding yourself better, as well as understanding how you make decisions in all aspects of your life. These values can be grouped into four categories: Inner values, social values, physical values and financial values. The LifeValues quiz is a good activity to show you how high or low your unique values are in each specific category. These results can be interpreted to show you how or why you make certain choices in the financial decision making process. In the past, I have taken moral and ethics quizzes that were somewhat similar to the LifeValues quiz. Although, these quizzes did not show me how my values were linked to the financial side of it all. So I took the LifeValues quiz and answered honestly. After reviewing my score in each of the four categories, I wasnt all that surprised by most of the results. I received a mid score of five in financial values, a mid score of five in physical values, a mid score of six in inner values and a low score of four in social values. This means that overall I was balanced in my life values, except for one. The low score in social life values was the only one that surprised me. After further interpreting it, I realized that it made sense only for one reason and thats because I highly value financial independence. This independence stems from my past. Without getting into too many details, I had to grow up and mature at a very young age. This was due to certain events that happened in my childhood and adolescence. One of the most important values that were formed during these times was my independent nature. These events, and the values that were formed because of it, made me into the man that I am today. Overall, I believe that the LifeValues quiz is an effective tool to show ones values and how they pertain to the financial decision making process. This would be great to use in the financial planning industry. The results would help show the clients values and how they fit into the goals set forth in the introductory meeting, while also helping to further effective communication between the client and planner.
STRATEGIC GOAL PLANNING - Determining Your Core Values - A Creative Approach to Taking Charge of Your Business and Life: Strategic Career, Life and Business Goal Setting and Planning), #1