Human Capital

14th Oct 2013 Uncategorised

“Expertise does not come from a piece of paper”

If you stripped Bill Gates of all his assets and dumped him on the street he would be back to living a comfortable life with plenty of income by 10 O’clock tea. Why?

Bill Gates has a truckload of human capital.

Wikipedia defines human capital as “the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.” Bill Gates would walk into the headquarters of any major company on the planet, offer his
services as a consultant and start making 6+ figures in no time.

Focusing on building your human capital is a lot more productive that worrying about job security. One builds their human capital by investing in themselves. Life is more about creating yourself than finding yourself because the main asset in your life is yourself. Most people never scratch the surface of what they can become; investing in you is learning how to maximize the enormous potential that lies in your mind and body, putting time and money into improving you.

These are your skills, your knowledge, your image, your network, your experience and your health. They are all major areas that I will go through in Part 2 (next Monday, 21 Oct 2013).

Right now though while the advantage of youth slips away one day at a time, is the time to learn more, do more and be more. Go for talks, classes and competitions. Volunteer, learn how to manage time, learn how to set and achieve goals, deal with fear and doubt, create valuable habits, forge profitable and nurturing relationships, take care of your health, improve your financial management skills, work on your talents, gain skills, master the instruments and complexities of your trade and set foundations. Teach something. The best way to become an expert on anything is to gain deep
knowledge in it and try to successfully transfer it to another.

Remember it’s not about being the worlds greatest expert, it’s about being expert enough to accomplish your goals unless of course your goal is to be the world’s greatest expert. Investing in yourself is the best investment you will ever make because it not only improves your life but also, the lives of those around you.