When we ask this question of our clients they sometimes tell us they can’t pinpoint their core values. They know they have values, we all do, but they seem to either feel they have a core of 20 or 30 values rather than three or five. With world values day this week, we explore how do you get to understand what your core values truly are and how you might use them to help make your life and your wealth aligned with what you believe in.
In defining your core values, ask yourself these three questions:
1. Who do you admire?
To better understand what you personally value, it helps to turn to examples of people who have the qualities you not only admire but that you instantly associate them with. Think of your role models from your life, starting with your parents and grandparents to understand how your early childhood has impacted your beliefs.
From here you might include people you know personally, school teachers, friends, those you’ve admired from history and those celebrities and famous personalities.
As you think about them, consider the following:
· What it is about them that inspires you?
· What are the qualities they possess that inspire you?
· And how could you inspire yourself to model the behaviours and beliefs they have.
2. What inspires you to take action?
Practice what you preach. Heard that before haven’t we? Often our core values reveal themselves through our actions. Think of those situations in your life when you’ve had that drive to inspire and felt highly motivated, and then you’ve taken action on it.
As you think about this, consider the following:
· the feelings and emotions that motivated you to take action
· what you personally were willing to risk in that situation
· the results of taking action — what did you gain or lose?
3. When do you feel most like yourself?
Being your authentic self is the key to great leadership, both in business and in your own personal life. When you’ve been in situations that allow you to be authentic, that is generally a good indication of your alignment with your core values. When those feelings of regret enter into who we are, that’s usually a good sign you’ve moved away from your core.
So consider and reflect on when you’ve been in alignment and those times you haven’t. And ask yourself what’s driving you and your mindset at that time. What values drove your decisions is a good indicator to deciphering what makes up your core values.
What can values do to making your wealth matter?
With an understanding of your core values, you are able to see what your purpose is and align around it. Think about that for a moment, have you considered you could continue to make the same returns on your investment but feel far more aligned in doing so. At Rothsley, we strongly believe that when you are driving impact and making a difference, living in alignment with who you want to be, you’ll be able to drive impact in the wider society and world in which you live in. So, take the first step and maybe ask yourself the three questions which we’ve just discussed, it’s a start to making your values and your wealth matter to you.
Today marks world values day, an annual campaign to increase the awareness and practice of values around the world. Values are increasingly the focus of public debate and discussion, but their role in our lives and their importance are not always fully understood.
At Rothsley, we’ve decided to celebrate World values day by asking our clients what values inspired them. Here’s one of those stories.
Rahul, (name changed for confidentiality reasons) runs his families third generation manufacturing business. For Rahul, values have been key to his education and to his upbringing. “My grandfather would explain to me the importance of hard work and being honest. He said if you had both these qualities everything else would fall into place. To him they were central to the core of what his faith and his ethos believed in. My father did the same and I’m tasked with the third generation of your family to do this”
Rahul believes that one of the ways he can help instil the values of hard work through our making wealth matter campaign is by ensuring he supports other who are putting in the hard work. He’s chosen to support upcoming entrepreneurs, in particular women from under-privileged backgrounds to invest in and to help mentor.
Values guide us but more importantly as this example shows they can be our guiding principles into how we live and create impact in our lives. We see on a weekly basis many clients who just want to reconnect back to what they believed in. It’s easier for us sometimes to forget that whilst we set our compass using our values, somewhere along the way during our lives we realise we lose what we once believed would be our guiding principles for our lifetime. But at Rothsley we believe its never too late to reconnect to your values that made you great and leave a lasting impact to help others. So this world values day, maybe consider thinking back to what values you held true when you first started out. Like Rahul, they might have been passed from generation to generation or might have been in your DNA because that makes up being you. And if have just taken the wrong turn, we can help you bring them back on track. So enjoy world values day, and follow our Instagram for more inspiration on what values inspire you.
The world in which we live has fundamentally changed whether we like it or not. Covid-19 brought the world’s economy to a halt and continues as we write this to disrupt the societies in which we live in. Even after a vaccine is rolled out and the world begins to get back to some sense of normality, there will still be a fundamental shift in attitudes and behaviours.
It’s based on that backdrop that the making wealth matters movement has begun. Imagine the world’s wealthiest individuals living lives of purpose to drive purpose for others. As we reset the world in which we live, we will all need to rethink our wealth creation strategies and the impact we can have in our societies for the better.
Investing with impact is nothing new, but it needs to be aligned with our own personal goals and motivations to make a real and lasting difference. As we re-align our beliefs, what’s important to us and the communities we live and support, we need new ways to drive impacts and align our purposes in the world.
Making wealth matter is a movement aiming to do just that. Born out of a need to make the world of wealth management more purposeful, and the customers happy in the knowledge they are finding and aligning their purpose.