What is YOUR value and how do you MAXIMIZE it?

by maya on February 1, 2009

When I say “What is YOUR VALUE”, what comes to your mind? If you had to put a $$ value to yourself, how much would that be? And how would you compute it? And what does that value translate into? Happiness? Power? More $$$?

I brainstormed with myself, doodled and explored what value means to me …

And this is how it went …
Well, I think my value comes from 2 distinct places:

1. External Value - A part of my worth comes from what people think of me.

External value (EV) has the following characteristics:

* it comes from a number of different people and is in effect a consolidated value ( Total EV = Sum of All EVs)

* there is some mob-science to this value. Just like the stock market. Let me explain - if you did something to make one of your friends unhappy, that might in turn make a number of your other friends unhappy with you. Therefore, your external value could a sudden plunge as a result of your one single act. ( If one EV goes down, potentially a number of other EVs go down and Total EV takes a massive plunge)

* Because of the above fact, EV tends to be highly variable (high variance in statistical terms)

* What seems to really matter (or what should really matter) is the value placed on me by the people we value (core). (Total EV= Core EV + peripheral EV )

2. Internal Value -The rest of my worth that comes from what I think of myself.

I like this one much better. IV is harder to build, but once we build a certain amount of  IV or self-value (esteem) through the right means, then it sticks by us.

* True internal value is steadier and does not wax and wane like the external value.

* It is more dependable

* It is essential for basic day to day functioning. If I thought I was worthless, I might not have risen from my bed this morning.

So what is my total value? Is it EV? Is it IV? Is it both of those? I do not know. Is it whatever I perceive it to be?

I am not sure if there is an exact answer. I am almost convinced there isn’t one. But I think I know what it should be -

Primary Value (TV) = Internal Value (IV) + External Value Placed by People I Value (Core EV)

As in, what we should perceive as our total self-worth should be a combination of what we think about ourselves as well as what a few core people in our lives think about it. Really, nothing else should not matter.

As I came up with the above equation for my own value, I asked myself these questions:

1- Why does only the Core EV matter? Peripheral EV is also a valid contributor, right?

Peripheral EV matters but in a very different way. I will talk about it in the section that follows. I call Peripheral EV our Secondary Value.

2 - Should  EV matter at all? Doesn’t our real value finally come from what we are on the inside? Should I be bothered about what people think of me at all?

Perhaps yes, perhaps no. My value might all come from how I value myself internally and that is all good until I have an issue with my life where I am crushed and have no self-esteem. Perhaps, that is when how much my loved ones (friends,family) value me will come into the picture. Perhaps they will help me pick up? Secondly, there is an undeniable and direct connection between my IV and Core EV.  If people that matter to me do not think I am worth much, it finally does end up hurting my IV.

So what is Secondary Value all about?

Our peripheral external value is what I call Secondary Value. Secondary value or the value placed on us by people that do not directly know us is important in a different way. More often than not, this is what enables us to get jobs, make a living and progress in our careers. It is important from the perspective of career growth, job opportunities and financial success.

Secondary Value = External Value Placed by People Beyond My Core ( Peripheral EV)

We cannot underestimate secondary value, but it is not worth much (in terms of happiness) if that is all we have.

Now what?? A Framework to Maximize Value AND Happiness!


The key to being happy while increasing your own value lies in your ability to choose the actions that increase your Primary Value ( IV + Core EV) a every single step of your life.

Let me explain…

How often have YOU made a choice on the work front that has made you love yourself a little less? Did you try to market something you did not believe in? Did you pull the rug from under someone just to have your project funded? Did you make a career choice that you knew you would not enjoy just because it offered more money?

These are all what I call conflicting value actions. They make us look good to outsiders and possibly mean promotions at our jobs, but deep down somewhere we have lost a little respect for ourselves…We did all of that to be happy, but it seems we lost track of happiness somewhere along the way?

The key to NOT letting that happen is to choose actions that keep us authentic first and popular next. Never ever the other way around. And guess what, eventually the more authentic people have both sustained popularity as well as happiness. Keep this in mind the next time you think think you really do not have a choice. You ALWAYS have a choice - and it is always YOUR responsibility to choose to be authentic.

Try to be in region 1 (see pic above) all the time. There are actions (and choices) that will increase both our Primary and Secondary Values. They are not at all mutually exclusive. It is totally possible to earn a good living doing what you love if you are smart, hardworking, do your homework and use the right tools. Do what you love, but do it smartly.Being authentic does not mean you let people walk all over you. Caring for other people and looking out for them does not have to mean you get taken for a ride. Help people, but look out for yourself too. Choose the career you love while choosing one that the world needs as well.

A Parting Thought -

Making a choice does not mean giving up on a goal or success in career. It may appear so in the short run, but over the longer run, the story in quite different.

The truth is that there are a number if ways to get to your prize. While some paths might be slightly longer, they will take you there in one piece - authentic, happy and rich in your heart and soul!

This post is my contribution to a Group Writing Project on InsightWriter about Creating Value

Creative Commons License photo credit: Tambako the Jaguar

  • Manasi
    Lovely Maya...

    What a delightful way of putting down the simplest of the facts here. This is something about each one of us and the ways we go with in our lives. The principles so clearly define a simple way of life of whose essence we often either overdo or happily forget. A real insightful post again.

    Have a good day!

    Manasi
  • I always enjoy how you create a mental model and expose your thinking.

    It helps create a shared frame of reference.

    I think value, confidence, and happiness are all up front decisions. In other words, they're mindsets you drive from.

    The key pitfall in life is to make them achievements. Here's the common pitfalls:
    - I'll be happy, if I get X, Y, or Z.
    - I'll be confident, if I get competent at X, Y, or Z.
    - I'll have value, if I achieve X, Y, or Z.

    On the value, I've heard a few rules that help:
    - there's no such thing as a worthless human being.
    - you're no better or no worse, than another human being.

    I think this boils down to another set of rules:
    - you are not your behavior
    - you are not your results

    I think some of these concepts are counter-intuitive. I used to think that competence came before confidence, but then I learned it's the other way around. That's how a Michael Jordan gets great ... get starts with confidence and becomes competent. I used to think happiness was achievement, but I found more and more people that are simply happiness-driven. It's a mindset and a lens for the world. I used to think that value was earned, but then realized that would violate some pretty fundamental laws.

    That said, I'd like to add another lens: intrinsic value vs. market value. While every human being has an intrinsic value as a human being, some people will certainly have a different market value, depending on the unique value they bring to the situation ;)

    <abbr></abbr><abbr>J.D. Meiers last blog post..Avoid Mental Burnout</abbr>
  • No doubt, this post would have been impossible to explain without your diagrams, Maya. Way to go on explaining a rather complicated theory in a way that is easy to understand.

    By the way, I completely agree with this post.
  • Great use of diagrams Maya - a nice evolution from your post on simplicity and I hope we see more of them in the future.

    We humans are very visual animals and anytime you need to present something complex, images and text together are fantastic to help us remember. What works even better than that is incorporating all the senses - I would love to hear a podcast or see a video accompany some of your in-depth posts.

    Anyway great concept of determining where value comes from and well presented too.

    Patrick
  • hey maya,
    oh.. how i wish we only had to deal with primary value.. i HATE bothering about people, because i think you can give your best when you are alone and focussed, when you are motivated only by yourself and by authentic likes and dislikes ...

    PS : amazing post as always.. i sincerely HOPE i am able to write so well some day.
    by the way , you also got some free 'endorsement' on my blog .. please read my recent post whenever you find time..

    thanx.

    <abbr></abbr><abbr>ankur kakkars last blog post..MTV ROADIES : PERSONALITY TEST OR SLEAZY SHOW OFF ??</abbr>
  • Very interesting, Maya.

    I think the main thing that prevents us from ignoring EV is that we need other people for survival. People are social - they need others - and so they want others to like/ admire/ respect them.
  • I think both values - EV and IV - matter.
    Internal is what you build by yourself based on your personal values and beliefs and External is how you market yourself to outside world.
    Makes sense?
  • Hi Manasi!
    Thank you - I am so glad you enjoyed the post.
    Hope you have a wonderful day too!

    Hi JD,
    I love those counter-intuitive truths you have stated. Noticed how the happiest people tend to get lucky over and over again??
    I do like your idea about Intrinsic vs Market Value. And yes, every single person has some unique and special intrinsic value. I am more likely to look at this perspective on my entrepreneurial blog - and even there I would argue that tapping into our intrinsic value is the best way to create a unique market value for ourselves ;)

    Hi Trey,
    Thank you - am glad you enjoyed the post and the not-so-pretty pictures. I am finally starting to believe that it is okay to share them on my blog - so thank you for the encouragement!

    Hi Patrick,
    I can always rely on you for a scientific explanation :)
    I love to save the words to evoke an emotional response - but illustrations I think are great to get a message across in a very simple way. And I will go work on that podcast/video ;)
    Btw, it would be nice to see a picture of YOU!

    Hi Ankur!
    Thank you SO SO much for the endorsement. While endorsements make me uncomfortable, I am learning that it shows that people believe in me and think I am worth something (value ;) - and that means a whole LOT to me!
    And sorry about not keeping up with reading - travels through blog world have been cut down by the flu making rounds at our home :(

    Hi Vered,
    I am glad you found it interesting.I have to agree with you - I do not think I cannot care about or totally ignore EV at all. As much as I love my alone time, I know that too much of it can start to have a detrimental effect on me. On the other hand, I think we have to keep focusing on the things we do to increase our EV. If it goes against our principles (or our families), I do think it is not worth it. That is my perspective. I have to get along with myself and be able to love myself first :)


    Hi Alik,
    Agreed. Did I say EV does not matter? I think Core EV matters a LOT. But even the peripheral EV matters a whole lot - it is how we earn our living. So you make total sense. But should I let my EV (esp the peripheral one) drive who I am and my actions? No, I still think the answer is no. Makes sense?
  • Hi Maya,

    I love your hand-drawn doodles! They make an abstract topic very visual and easy to understand. I'm very inspired to use doodles in my posts too, since I like the effect in your post so much. Stumbled!

    <abbr></abbr><abbr>Daphnes last blog post..8 Lessons A Nearly-Dead Dog Taught Me About Living</abbr>
  • Maya,

    As usual, I'm just floored by your systematic analysis and presentation.

    Lately, I've been struggling with the gap between my internal values and those of who are close to me. I know that in such a case, ultimately I have to go with my own -- but that's very hard.

    ari

    <abbr></abbr><abbr>Ari Koinumas last blog post..60-Day Challenge: Intuitive Entrepreneurship — Will Power of Love Be Enough?</abbr>
  • Hi Maya. This blows me away! Great presentation. I loved the dog's thoughts, LOL. This idea of EV and IV reminds me of yin and yang and the ATP energy process in the human body -- how the energy enters and leaves the cells. Would you say there is a similarity?

    <abbr></abbr><abbr>Davinas last blog post..Guest Post: Emotions — The Universal Language</abbr>
  • First, I love the doodles!

    Let's see...

    I have a calling to offer value to others. And by value I mean I want to provide content, services, and products that help people live their best lives. I would like for people to value my friendship and my contribution to the world (regardless of how big or small).

    Internal value (or self value) fuels my life mission and gives me the courage to put myself and my work out there for people to either judge or value.

    Great post!

    <abbr></abbr><abbr>Stacey / Create a Balances last blog post..Hungry for Balance Online Retreat</abbr>
  • Hi Daphne,

    I really appeciate the stumble!
    I like to do powerpoints as well - they do a good job of telling a story, but lately I do not have the time to enjoy doing those. Doodling is a great thinking tool for me as well, you should try it!

    Hi Ari,

    Thanks Ari. I do know you have been doing a lot lately - and it has been hard on you. It can get esp hard to focus on or own IVs when we have children to support and everyday responsibilities to fulfill. Even with my husband in a fulltime job, it gets really hard on us sometimes - and we haven't even really started yet - it must be hard on you.
    I have found that it is most helpful to put some boundaries along with your dreams. When things get hard, I think it might help to go back and think about the dreams and talk about how we still have not reached our time/$$ boundaries or upper limits that we have set. That is the only way to keep people close to us comfortable...And it is the only way we can focus on achieveing our dreams and not worrying about them ....makes sense?
    Take care, Ari.

    Hi Davina,

    You always crack me up with some funny observation like the dog one.
    I read up on ATP too ;) - after your comment - and I have to say yes, like yin-yang, like the ATP process, there is a flow - into one and out of the other, they feed each other and complete each other ...
    What a lovely analogy - very fluid and poetic - like you and your blog. You blow me away !
  • I stumble upon this blog through Patrick's Very Evolved blog and I must say it was a really pleasant discovery.

    I thoroughly enjoyed the post especially its simplicity. You made it so lucid with those diagrams that it was fun to read it.

    Though it occurred to me after going through your post, Is it possible to increase one's IV??? And is it possible to make it independent of even core EV??
  • Hi Maya,
    I'm late to the party here...

    I love your drawing also. They really add so much to this whole discussion, seeing it drawn out is so useful for me. So, finding that area where our primary and secondary values meet - sounds like a great place to get to. I can see myself on both sides, yet not found a way to bring them together. I wonder if that's because I haven't been consciously thinking about that.... Anyway, great stuff (as usual) and something I need to spend some more time on. Thank you Maya!

    <abbr></abbr><abbr>Lances last blog post..Smile!</abbr>
  • Excellent post - extremely intersting, visual, unique and fun - all at the same time! Thank you :-) Stumbled!

    <abbr></abbr><abbr>Melanie Thomassians last blog post..7 Ways You Can Encourage Your Friends to be Healthy</abbr>
  • Hi Chanakya,

    Welcome to Thinkmaya and thank you for sharing your thoughts ...your questions are very interesting!
    I think it is totally possible to increase ones own IV - I do it by learning from others - emulating the people I admire and constantly striving to be better ....makes sense?
    I do think it can also be independent form Core EV. But philosophically I think it should NOT be completely disconnected - only because that might make us all too self-centered and emotionally stoic. That is what I feel - I want to always be moved by the people closest to me :) What do you think?

    Hi Lance,

    I am glad you liked my drawings :)
    Yes, I do think that thiking about something is he first step to making it happen - which is why I like to structure my thoughts this way - it helps me focus on what is important and not get all confused. I really hope this helps you :)

    Hi Melanie,
    Thank you for the stumble - I am so glad you enjoyed the post!

    <abbr></abbr><abbr>Mayas last blog post..The One Hundred: A Guide to Pieces Every Happy and Balanced Soul Must Embrace: Simplicity</abbr>
  • Hi Mayu (Find it difficult to call u maya just yet),

    I think its amazingly important that each individual focuses on his or her own IV (Self-belief, self-esteem). An individual can do so wonders by simply believing in himself / herself.

    One simple way is 'what I say when I speak to myself'... This is so easy.. and yet.. so difficult :). It is in a sense governed by the inputs into one's 'top storey' - how much he or she is investing in 'self-development'

    Being positive and being associated with positive people can make a big difference.

    Nikhil
  • Hi Maya.I liked your approach of the subject. Specially your doodles, actually. I think that internal values are way too important than external ones. Too much focus on external values will be same like taking the outside-in approach which will create more conflict inside you. It is really a choice anyway to be independent of the good opinion of other people. But the funny thing is that other people actually start respecting you more if you genuinely believe and take consistent action in line with your core personal values that you consciously chose to live with.I complied a List of 400 Values the other day for my blog and I think it might interest you to have a look and see which values jump out at you.
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