Emotional Economics
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Evaluating Using the Value Hierarchy

In This Lesson

It’s time!!! Make Decisions on Demand with the Value Hierarchy no matter your emotional state.

So what do we have?

  • a collection of items on the value hierarchy,
  • a specific level that speaks to our Money Story at each level,
  • an emotion tied to what it means when they’re in each level.
  • a limited resource to distribute and share against ALL of these things

Here’s some things to keep in mind:

  • the value hierarchy is, fundamentally, a contingency plan combined with an abbreviated form your Money Story and STEM ratings.
  • if you’re using the value hierarchy, chances are you need a way to handle the things you don’t consistently get to.
  • The lower numbers (lower in the pyramid) will need more attention more frequently – normally hard if we let our minds try to overcome bias to do it
  • The importance of each one of these items is based on not just the rating, but the width of the triangle that makes up the hierarchy at that level.

Tying it all together

Remember the triangle we made when setting goals, and who the first step was the most important?
This is literally the same thing – in concept, application, and theory.

But now we’ve got an abbreviated form of all story and all emotion, so we instantly KNOW what the most important thing is
Pretty neat, huh?

How Do We Choose?

  1. Start at the bottom of the hierarchy. These are the most important things. Pay mind to them first.
  2. Then, move on to the next level.
  3. To determine how much to allocate to each level, you’ll need to use your Value Hierarchy tool. The maths are not fit for the human brain!

But what if you break the rules?

You’ll find out in the next lessons!