Presentation on theme: "VALUES The beliefs and practices in your life that are very important to you. Influences: Family Friends Work Media Self Reliance Others (boss, teacher,"— Presentation transcript:
1 VALUESThe beliefs and practices in your life that are very important to you.Influences:FamilyFriendsWorkMediaSelf RelianceOthers (boss, teacher, neighbor)Religion
2 Where do we get values? (Age greatly influences your values) Ages 1 – 7 ParentsAges 8 – 13 Teachers, heroes (sports,rock,TV)Ages 14 – 20 PeersAges Values are established, but youmay test them from time to time
3 Why Determine Values? Understand yourself better Better able to face new situationsBetter able to make good decisions and goalsMore confidentLess likely to make decisions based on peer pressureMore self respect when you follow YOUR value system
4 List 10 things you love to do How we spend our TIME and MONEYdetermines what we value.
5 Values strongly influence our spending habits Values strongly influence our spending habits. We don’t usually spend our money on things we do not feel are important. Typically, the more important something is, the more we are willing to spend on it.
6 Put a STAR by the five most important Write a $ beside those activities that cost money to do themPut a “W” beside those activities you do once a weekBeside each activity write how long it has been since you did the activity
7 Modeling is the strongest way that values are taught.
8 Family Values—What does your family tell you about the following? Grades in schoolDatingSpending moneyUsing drugs or alcoholGraduating from high schoolGetting marriedGetting a jobSaving moneyGoing to collegeHaving children
9 Characteristics of Values Values are personalOur actions point to what we really valueOur values give direction & consistency to our behaviorApathy and inconsistencies indicate absence of valuesValues change as experiences changeWhen faced with alternatives, values determine choicesFeelings are more accurate value-indicators than thoughtsWhat we value gives us our identityWe make value assumptions about everythingValues establish a relationship between us and the world
10 Financial Values Categories Concern for OthersMeasure of SuccessSecurityFreedom and FlexibilityPurchasing PowerStatus SeekingNecessity
11 Concern for OthersMoney can be used to help your family and friends, to support causes you believe in, and to make the world a better place for everyone. You would not want to choose a job that was harmful to others or unethical. You might consider a job in one of the helping professions.
12 Measure of SuccessYou think of your salary as a report card, the higher it is the better you are doing. You want to be at the head of the class. You may be willing to take calculated risks if the possibility of earnings is great enough.
13 SecurityYou think that the best thing about money is the security it provides. You probably wouldn’t want to start your own business or invest your time and money in any kind of risky venture.You want to make sure all of your economic needs will be met, that you don’t have to worry about losing your job, your health, or your savings.
14 Freedom and Flexibility People who like freedom and flexibility that money gives them don’t like to be controlled by others. They often find happiness in jobs as entrepreneurs. It is very important for them to be in charge of their own lives, to do what they want to do. Displaying your wealth is not important, but spending extra income for travel and household help would be a priority.
15 Purchasing PowerYou will want to earn enough money to buy what you want, when you want it. It’s important to always have the most, the latest, and the best of everything. If you don’t make a salary to meet your needs, you are in danger of over-using your credit card.
16 Status SeekingYou like the recognition that money can bring and the status and power it can deliver. Money is a status symbol in our society, and people who have it are likely to be treated well. They have the material goods, and also the influence necessary to get other people to do what they want. You require a high paying job, or a job that lets you associate with wealthy people.
17 NecessityYou can live simply and happily with a small, but adequate income. You can accept a job you like even though it doesn’t pay very much.