Everything Has a Relative Value!

August 6, 2018

Have you ever heard the expression that "all things are relative"?  We are all familiar with it but most of us never really think about it when it comes to making decisions in our daily lives. This can be a big mistake, especially when those decisions will impact our lives for years to come.

   

"Relative value" is used routinely in the business world to make the best decisions on potential investments. The attractiveness of a deal is measured in terms of costs, risks, and return on investment. It is a thorough process because the final decision has long-term ramifications to the future of the business.

   

Many of us participate in such strategic processes in our work life, but my question is why don't we engage in such a critical thought processes in our personal life?

 

In perspective, our lives are more important than a business owned by someone else, right? And, relationships with our loved ones and friends will span longer than a job, right?

   

The problem is that we tend to think in absolute values. A dollar is a dollar. A degree is a degree. A minute is a minute. Nothing is further from the truth. All things are relative and it is best to keep that in mind when you're making important choices in life.

   

Obviously, in your own life you have a vision for the future. What you want is important, but you must employ a relative value process since there are other things that must be considered: Family, relationships, work, spirituality, financial obligations, and health issues.  These are all areas of your life that must enter your equation. In reality, these things should not force you away from your vision, but will force you to negotiate the ways your time, money, and skills are used in terms of the days, weeks, months of every year.

 

My challenge for you this week:

 

Think with a relative-value mindset.

  1. Take about an hour to sort out what your real priorities are and to determine what is really important to you, as well as what is not.

  2. Create a list of real priorities and un-priorities.

  3. Try to eliminate or reduce the things you routinely do that bring you little or no satisfaction or joy, and reclaim that time for something more meaningful to you.

  4. Take your real priorities list and, based on your life circumstances, write down specific actions you will take with dates and times to make steps forward to reaching your goals.

     

     

     

     

     

     

     

     

     

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