maslows hierarchy and values based financial planning
Post on 15-Jul-2015
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Maslow's Hierarchyand Values basedFinancial Planning
Level 1: Physiological needs Oxygen, water, nourishment, sleep etc.
Level 2: Safety and Security NeedsSecurity from perceived threats(Including threatsto financial security)
Focus on Cashflow, Assets, Liabilities
Level 3: Love and belonging needs
Feeling disconnected from people aroundthem: (e.g. when moving through socialtransitions such as retirement)
Provide support through coaching, reviews,regular newsletters, personal letters,birthday cards, seminars, Webinars etc)
Level 4: Self Esteem needs Self respect and the respect of others
Focus on life goals progress, ("I said it I did it"),train and encourage personal project planning andimplementation
Level 5: Self Actualisation Growth and Self Actualisation
Support client in doing challenging things that haveprofound personal meaning, unmotivated by materialoutcomes, projects that have no guarantee of success(e.g. building the dream business, running first marathonat 65, working for free in an under privileged communityetc).
Make a massivedifference in client'slives by helping themmove to the level of selfactualisation
Peace of Mind (removing stressand suffering)
Fulfilment
How a Values BasedFinancial Planner addsvalue
Maslow's Hierarchy and Values based Financial Planning.mmap - 22/07/2011 - Mindjet
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