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Your Single Most Valuable Financial Asset is Your “_______ _______”
Hint: It’s something that you can increase over time, but it’s not that first thing you just thought of!
I won’t keep you waiting. According to Brian Tracy, in his book, The Science of Money, your single most valuable financial asset is your earning ability:
What is your earning ability? It’s your ability to get results that people will pay you for, and the most important word for success, in life and in business, is results.”
-Brian Tracy, The Science of Money
In life and in business, you are paid in proportion to the value you create for society. Your worth as an individual human being is infinite, but your value to society is what will make you rich.
Another author who understands this extremely well is MJ DeMarco who, in The Great Rat Race Escape, explains that “follow your passion” is often terrible advice.
Brian Tracy would agree, although it’s a wonderful thing when what you’re good at, what you enjoy doing, and what society values, all align at once.
If your “passion” is to pain Faberge eggs with pictures of Lionel Messi on them, you’re probably never going to get rich trying to make a career out of that. Your Total Addressable Market (or, TAM) is just too small, and the…
