personal finance hw for 'Prof Xavier"

worksheets_1.1-1.5_1_1.xlsx

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1.1

	WORKSHEET 1.1 - Money Personality
	In order to self-assess your relationship with money, circle the statements below that best describe your outlook.
A	It’s a good feeling to have money in my wallet.	A
B	No one can ever really have enough money.	C
C	Clothing should look expensive.	C
B	You can’t live without credit.	B
D	There are a lot of things more important than money.	B
E	Keeping track of every dollar would drive me crazy.	C
A	It’s important to record every dollar you spend.	A
C	Money and prestige go hand in hand.	C
E	A person can get along without a savings account.	A
D	It’s easy to have fun with simple things that do not cost much money.	A
A	Money should only be spent for necessities.	B
C	I want nothing but the very best.	C
E	If I just wait, my money problems will take care of themselves.	B
D	Money doesn’t buy happiness.	C
B	It would be easy to spend $5,000 in just a couple of days.	D
A	I shop around to find the best price.	A
E	If I need money, it will come from somewhere.	E
A	I won’t buy anything unless I have enough money for it.	B
C	If I am going to buy something, I am going to buy the best option of it.	B
B	I will never buy something used, always brand new.	C
D	A lot of money would be nice, but I don’t really need it.	A
E	I never make plans about money.	D
	Count up the number of times you circled A, B, C, D and E statements. If you mostly circled:
	A: You value money for the security it provides. B: You want a lot of material items and you want them now. C: Money helps you feel important. D: Money is a resource to get the things you need or want. E: You are not concerned with money, there is no reason to worry about it.
	How does this statement reflect your relationship with money? Give a specific example:
	C statement is the most circled to my relationship with money. I see that money helps me feel important because it enables me to have more control over my life it also means less financial worries
	How does this statement not reflect your relationship with money? Give a specific example:
	I agree with the statement that money makes me feel important but it doesn’t replace the bigger thing such as : family , community and doing good.
	so I think that I can live with a small amout of money but having the good things in my life.

1.2

	WORKSHEET 1.2 - Clarifying Values
The following exercise is designed to help you reach a better understanding of your most significant values when making decisions on a career choice.
Step 1: Rank. Read through the list of values. Rate each entry’s level of importance on a scale of H: High, M: Medium, or L: Low by placing a check in the corresponding column. Add any missing values that are important to you.
Personal Values and Career Selection		High (H)	Med (M)	Low (L)
Accomplishment	Sense of having done something well	High (H)
Competence	Feeling of being effective	High (H)
Contentment	Peace of mind		Med (M)
Contribution	Being part of and adding value to a larger enterprise		Med (M)
Creativity	Creative in some form or medium		Med (M)
Culture	Interest in art, music, and literature			Low (L)
Economic security	Regular income		Med (M)
Enjoyment	Lots of fun and laughs			Low (L)
Esteem	Making an impact and gaining admiration	High (H)
Experience	Having a lot of experience on the job	High (H)
Family	Supportive of time with family, balance of time commitment	High (H)
Fitness	Keeping in good physical condition	High (H)
Flexibility	Being able to do what you want to do when you want to do it		Med (M)
Friendship	Having close friends around			Low (L)
Honesty	Being able to say what you think	High (H)
Integrity	Being clear and consistent in dealing with others	High (H)
Personal growth	Continuing to learn	High (H)
Popularity	Being liked by most people		Med (M)
Power	Control and influence over others		Med (M)
Religion	Practicing strong religious beliefs			Low (L)
Risk-taking	Opportunities to speculate, gamble, take chances			Low (L)
Security	Freedom from anxiety about the future		Med (M)
Self-confidence	Activity confirms the value of your contribution	High (H)
Stability	Solid, lasting experience; having a predictable place			Low (L)
Status	Prestige and being looked up to	High (H)
Strong convictions	Firm principles		Med (M)
Teamwork	Being part of an effective team	High (H)
Technical excellence	Being at the forefront of technical development	High (H)
Uniqueness	Nonconforming		Med (M)
Wealth	Making as much money as possible		Med (M)
Winning	First in a competitive situation		Med (M)



Step 2: Elimination. 1. Now that you have identified your high values, imagine that you are permitted to have only five values. Cross off those of lesser importance. 2. Now imagine that you are permitted only four. Which one would you give up? Cross it off. 3. Now cross off another, to bring your list down to three. 4. Next, cross off another, to bring your list down to two. 5. Finally cross off one of your two values. Which is the one item on the list that you care most about?					answerded in word

1.3

WORKSHEET 1.3 - Vision Statement

Create a vision statement. Your vision statement should define your sense of purpose and paint a picture of your future. Reflect back on your values and ask yourself how your vision fits in with your values. Do you need to change your vision to fit your values, or do you need to change your values to fit your vision?

My vision of my future in 10, 20, and 30 years looks like this:

My future vision of my business career is that I want to be a sucsessful businesswoman that is self reliant. I also see myself having a job that match my persional vision because it will allow me to do my business life for myself that truly match who I am.

It relates most strongly with my values of:

Accomplishment

1.4

WORKSHEET 1.4 - Mission Statement

Use these two websites to help you develop your mission statement:

Ø Franklin Covey Institute: www.franklincovey.com/msb/

Ø Nightingale Conant: www.nightingale.com/mission_statement.aspx

Combine the two and develop a personal mission statement that accurately describes your purpose of being. Make sure it reflects your values and vision.

1I will enjoy my work by finding employment where I can work on projects

2I will try to prevent times when over-stressed

http://www.franklincovey.com/msb/ http://www.nightingale.com/mission_statement.aspx

1.5

WORKSHEET 1.5 - Goals
1. Long-Term Goals: Identify one long term goal (> 5 years out):	Buy a home
2. Intermediate Goals (1-5 years): Write a long-term goal in the center of the mind map. On the spokes, write up to four intermediate goals that you need to achieve in the next 1-5 years to get closer to your long-term goal.
In word
3. Intermediate Goals (1-5 years): Write a long-term goal in the center of the mind map. On the spokes, write up to four intermediate goals that you need to achieve in the next 1-5 years to get closer to your long-term goal.