Creating Your Value System

mh9004387961“…our handling of money is a litmus test of our true character. Our stewardship of our money and possessions becomes the story of our lives (Alcorn, 8).

Whether we’d like to admit this or not, the statement by Randy Alcorn above is very true. Each of us has a set of values and we live our lives according to the values that we have. Some of us value family time, so we make the time to ensure that family time is happening. Some of us value working out, therefore we make the time to go to the gym or get a walk in. Whatever it is that you value, you will make the necessary adjustments in your life so that you can create the space necessary in order to have it. In my experience, I have seen that not all people value financial freedom. They may look me straight in my face and say that they WANT financial freedom, but they don’t value financial freedom.

In order to really make something work in life, you need to value it. This valuing of whatever it is that you want is your motivator to keep moving towards your goal. The second you don’t value it, you will lose your motivation to keep pressing towards that goal. While most of us WANT to be free of the depression, stress, anger, fights, sleepless nights, high blood pressure and everything else that may be a symptom of financial bondage, we don’t value it enough to get there. I think the reason why most of us don’t value financial freedom, is because we don’t believe that we can get there or that we are worthy of having it.

If you were unsure if you were afraid of roller coasters or not, but had never been on a roller coaster – wouldn’t you need to ride a roller coaster first to confirm or deny the belief that you’ve been holding onto? The same goes with our money. If we don’t believe that we can ever be financially free and wise, and never try to take the steps in that direction, then we will continue to possibly hold onto false beliefs because we never tried. It is also important to recognize that our personalities are DIVERSE, therefore, if we have tried one thing and it did not work, we need to shake the dust off and try something else. It is really difficult for us to truly value something until we’ve seen the benefits of it. Therefore, always remember to take small steps in the beginning not to get overwhelmed. In regards to your finances, it is time to alter your false beliefs this month and you can do this by taking 2 very small steps below:

1) Write Out Your Financial Goals

On a piece of paper, write down your top 5 financial goals in the next year; if you have a spouse, ask them to do the same. Then, come together and determine what your top 3 combined goals are and your top individual goal (1) is. Work towards determining what can be done in order to make these goals happen over the next year.

2) Understand Your Numbers

Most of us know how much we weigh or how many miles are on our car, more than we may know how much money we have left over at the end of the month. Take a hour this month to sit down and write out your monthly income and from that subtract all of your monthly expenses. If the number that you get when you subtract your expenses from your income is negative or less than $100, you are going to need to re-asses your values. This means determining which expenses you can cut or lower.

By taking these 2 small steps towards financial freedom, you are a couple steps closer to valuing financial freedom and redefining how you handle your money. Good luck to you and contact me with any questions you may have!

Alcorn, Randy, 1989: Money Possessions and Eternity. Tyndale, 503 pp.