The radical and the kanji for direction are the same! Huzzah!
There is also another meaning too, though. This can also mean way as well. Think of it this way: When you move in one direction in your life, you are developing your own way. "The way of [your name here]."
What direction do you always know? Which direction do you always want to go? Home (ほう). Something about your home always stays with you, no matter how far away you go. So if you're lost and you don't know which direction to go, just think of home!