You'll need to set a significant portion of time aside to explore your values (at least a few hours).  Better yet, I suggest you take a personal retreat--perhaps a day--away from the "distractions" of life.  Dedicate this time to the personal exploration of your life.
A. 
On a sheet of paper write at the top the statement: "I
value..."  Then, in a freestyle
fashion, begin listing everything you consider important, valuable, and worthwhile
in your life.  My list looks like this:
I VALUE...
God, family, church, community,
courage, generosity, honesty, excellence, faith, compassion, collaboration,
success, etc.
B. 
My "Values List" has nearly 100 different items.  When your list begins to reach this level of
volume, I suggest that it time for a second step.  Begin to review your list.  Whittle it down to around 20-25 items.  
Condense items on the list that seem
repetitive.  Delete those for which you are
unable to develop a clear image in your mind. 
Remove those which really (n\upon reflection) don't seem to be a primary
value statement for the way you live your life.
C. 
When your list has been condense to 20-25 items--choose 3-5 which seem
central to you life.  How?  Ask yourself these questions:
Which of these values are the MOST
IMPORTANT things I look for in others and/or expect from myself?
Which of these values reflect well
upon my purpose and vision statements?
If I had to sacrifice all the other
value items, keeping just one, which one would I keep? 
After you have selected your first
(central, primary, overarching value)conduct this process again to select a
third or fourth!
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