Life values are beliefs that one considers important to their life. According to Smartaboutmoney.com there are four prominent life values in each of our lives. These values are inner life values, social life values, physical life values & financial life values. Each of us weighs these values differently.
Inner life values are personal and spiritual and often reflect our true personality. Our personal need for safety, security, religion, individuality, and independence shape our inner life values. These values guide how we act and feel in our daily lives.
Social life values portray our sense of belonging to others. The desire, or lack thereof, to be with others is the most important aspect in how we view social life values. How we value our family, friends, co-workers, peers and others influence our social life values.
Physical life values are tangible needs and wants in a person’s life as well as their physical health. Tangible needs and wants such as homes, cars, and other items can portray someone’s personality. Also, how much a person is concerned with their health can give you insight into how that person feels about their self.
Financial life values are not necessarily about how much money a person possesses but how they value money and finances. These values often stem from how a person’s parents or peers managed money or their schooling and training on money and finances.
I took the life values quiz on Smartaboutmoney.com and found that I view financial life values to be most important, physical life values to be less important, social life values to be even less important, and inner life values to be least important. I am not very surprised by this because I consider finances to be a very important part of anyone’s life. I personally think that with the proper finances, all other things will follow. I believe that through my education in finance and my parents being financially stable that this is what caused me to score so high on the financial life values portion.
This would be a great tool to share with family, friends, and clients to gauge what they consider most important to them. Once a client knows their life values, they can see why they are the way they are. From a financial planner's prospective we can see why they spend/save the way they do.
Inner life values are personal and spiritual and often reflect our true personality. Our personal need for safety, security, religion, individuality, and independence shape our inner life values. These values guide how we act and feel in our daily lives.
Social life values portray our sense of belonging to others. The desire, or lack thereof, to be with others is the most important aspect in how we view social life values. How we value our family, friends, co-workers, peers and others influence our social life values.
Physical life values are tangible needs and wants in a person’s life as well as their physical health. Tangible needs and wants such as homes, cars, and other items can portray someone’s personality. Also, how much a person is concerned with their health can give you insight into how that person feels about their self.
Financial life values are not necessarily about how much money a person possesses but how they value money and finances. These values often stem from how a person’s parents or peers managed money or their schooling and training on money and finances.
I took the life values quiz on Smartaboutmoney.com and found that I view financial life values to be most important, physical life values to be less important, social life values to be even less important, and inner life values to be least important. I am not very surprised by this because I consider finances to be a very important part of anyone’s life. I personally think that with the proper finances, all other things will follow. I believe that through my education in finance and my parents being financially stable that this is what caused me to score so high on the financial life values portion.
This would be a great tool to share with family, friends, and clients to gauge what they consider most important to them. Once a client knows their life values, they can see why they are the way they are. From a financial planner's prospective we can see why they spend/save the way they do.