Thursday, March 1, 2012

Thought for the Day:What do YOU Value?

People have things they value. Those things may be intangible or tangible in nature. Do we all value the same things equally at all times?   A thought to ponder on about value from the economist named Carl Menger from his legendary work, "Principles of Economics":

"Value of goods is entirely subjective in nature. Value is thus nothing inherent in goods, no property of them, nor an independent thing existing by itself. It is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence, value does not exist outside the consciousness of men."

People can tell us what they value based on where they spend the majority of time and money on in those respective endeavors.  Those "valued" things will vary from person to person. What things are valuable to you? Is it working 40-70 hrs per week? Is it financial freedom? Is it seeing your children attend college? Is it starting a dream business? Based on our vision, goals and objectives, we organize our resources to fit things that we value.  

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