Praxeology- Scale of Values

For a financial advisor working with clients, praxeology‘s scale of values is one of the tools we use to help determine which goals are most important.  Would you prefer retiring earlier or fully paying for a child’s education?  There is not a wrong answer.  Just preferences and the scale of values.

This is challenging for clients.  Many times, one spouse feels very strongly about one thing and the other spouse did not realize or feels strongly about something else.  The break through happens with both spouses articulate to each other their scale of values.  It is the key to a plan that represents the couple’s values.

Many couples feel there is a right way to do something and a wrong way.  They believe strongly that it is easy to understand this path and it must be written down somewhere.  While there may be better ways to do something, the scale of values is yours to own.  Who am I to say that travelling or a special purchase or saving more or giving more or “you name it” is superior?  It is your life.

Well said, Praxgirl.

The eighth lesson


About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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2 Responses to Praxeology- Scale of Values

  1. bentrem says:

    Praxeology “the term is in connection with the work of the Austrian Economist Ludwig Von Mises and his followers”

    I often enough make reference to praxis. Almost as often to techne.
    Just sayin’.

  2. Pingback: Praxeology- Ends and Means | Practical Praxeology

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