Finding Your Foundation
7 questions to help you make core life decisions.
Posted Jun 30, 2018
Amid life’s frenzy, many people pass their days without having consciously selected their foundational values, those on which their life’s major decisions should based.
These questions may help you develop yours. They’re from my new book, Careers for Dummies.
The pay continuum
Many people overestimate money’s importance. Beyond a middle-class income, money generally doesn’t buy sufficient happiness to justify the liabilities of trying to earn big money.
- In many locales, you end up paying half of your income above say $75,000 in taxes, so you generally have to earn quite a lot more a year to significantly improve your material lifestyle An extra 10 or 20 thousand is unlikely to do it. .
- Perhaps more important, for an employer to pay you big money, you need to make the employer bigger money and that can bring ethical temptations. Few careers pay big money, so your options are limited. Unless you have a shot at being the next Oprah, you may need to forgo careers you might really like, for example, artistic careers as well as nonprofit work, unless you’re a major fundraiser or director.
But in fairness, some people, however, major money is important:
- It’s tangible evidence of how much the world values your work.
- Big money buys things like a nice house in a nice neighborhood.
- All things equal, it’s better to go for more money than less. For example, if you like selling and could land a job repping a great product, and if you’re committed to not cutting ethical corners, why not?
So, how much money would you want to make near-term? In five years?
The status continuum
Even though status is ineffable, many people are driven by it. After all, why would someone buy Gucci, Pucci, Coach, or Chu when they could buy less tony brands that look and perform essentially as well and still look as good by the time most people decide to change styles? Status. Why do people buy a “Beemer,” Mercedes, or Jaguar that costs oodles more than a Toyota, even though they break down more? Even though there’s no status in standing on the side of the road and waiting for a tow truck, many people buy designer-label cars, even going into debt to do it. Why? Status: It makes some people feel good to be associated with a status name.
Of course, that concept of going after status extends to career. It feels good to know, and for others to know, that you’re a physician rather than a physician assistant, or a lawyer rather than a haircutter, even though surveys find that haircutters have higher average job satisfaction. Oh, and physician assistants and many haircutters do make a solid living. The question is, for you, how important is status?
No importance Great importance
The workload continuum
Work-life balance is high priority for many people. They want to leave ample time for family, fun, and personal maintenance. For them, a 40-hour workweek is pretty much tops. And after work, they’ll rarely engage in professional reading, attend professional workshops, or answer their email after work hours. In contrast, other people find work more rewarding, contributory, and even pleasurable than what they otherwise might be doing.
Where do you want to be on the workload continuum?
<20 hrs a week; not productivity oriented 60+ productive hrs a week
The ambition continuum
No one gets blamed for wanting to climb the status-and-income ladder. If you say you’re an individual contributor and your goal is to be a vice president, the response is usually “You go, girl” or, I guess, “You go, guy,” although I’ve never heard that sentence uttered.
But some people strive upward more because of praise than preference. Privately, they’d rather trade the money, power, and prestige of a big-time job for less stress and more free time. Or they may realize that if they push upward, they’ll rise to their level of incompetence. You spend too much time at work to let societal pressure dictate your level of ambition. Consciously decide how ambitious you want to be:
A basic job is fine. I want to rise as far as I can.
The ethical continuum
Most people claim to be ethical, but in real life, as with most human characteristics, there’s plenty of variability. For example, some people believe that any sales or fundraising job is unethical because, to be more than an order taker, you have to manipulate the prospect into buying when s/he otherwise could buy from another vendor or donate to another charity. On the other hand, some people—as long as they don’t commit egregious ethical violations (like overtly lying about a product or the benefits a charitable donation will yield)—prioritize putting bread on the table.
Another example: For one person, anything this side of selling tobacco or mind-altering substances is ethical. For others, ethics requires clear societal improvement. Of course, that can occur in all sectors: for-profit, nonprofit, and government. For example, someone who works for a company that makes best-in-class products such as Toyota, Apple, or Google, as long as their day-to-day behavior is ethical, can lay their heads on the pillow with pride. So can someone who works for nonprofit that has demonstrated it makes a bigger difference than do peer nonprofits. A person who works for a government agency that belies the stereotype, “Government does everything poorly but expensively” can, of course, also be proud.
So now I again turn to you. Where on the ethical continuum do you want to be?
Anything more ethical than selling addictive drugs Mother Teresa
The redistribution-versus-merit continuum
The New Testament urges people to prioritize “the least among us.” Indeed that’s the core principle of liberal/progressive politics and economics: “How can we sit by when some people live in mansions while others live in squalor?” In contrast, other people operate from the battlefield medic’s triage principle: When you have limited resources, you help more people by allocating medical supplies not to the sickest but to those with the greatest potential to profit.
Translating that concept to the career world, some people want to be social workers, inner-city teachers, community activists, or nonprofit employees, who usually focus on “the least among us.” Others disagree, arguing that, despite significant tax dollars spent to close the achievement gap, that gap remains about as wide as ever. Such people choose to work in organizations that employ and serve high ability or high-achieving people, for example, high-quality companies or private schools serving intellectually gifted kids.
So, what about you? Where on the continuum do you want to focus your career efforts?
On “the least among us” On high-achievers, the “best and brightest”
The hedonism-versus-contribution continuum
This continuum is embedded in some of the previous ones but is central, so it deserves separate attention. This continuum spans three philosophies of life. One end on the continuum is the philosophy that the life well-led is about the pursuit of happiness: Strive to do as little work as possible so you can have as much fun as possible. On the other end of the continuum is the philosophy that the life well-led is defined by spending as many heartbeats as possible making the biggest contribution possible: Work long hours using your best skills even if some of the work is unpleasant, because greater good accrues from that than from spending discretionary time, for example, watching TV, playing video games, or even extra time with family. Between those two extremes lies the most commonly held value: balance, the Aristotelian golden mean. It’s often referred to as work-life balance.
So, where on the continuum do you want to aspire?
Hedonism Maximum contribution
Thinking consciously about your core values can give you a head start on living the life you want to live.
I read this aloud on YouTube.