The Law of the Most Valuable Asset says: Your most valuable asset is your earning ability.
An asset is something that yields a steady, predictable cash flow. Your ability to earn money is probable the most valuable asset you have.
Your ability to work, to produce, to earn money in our competitive economy by applying your brains and ability to your world, enables you to generate tens of thousands of dollars each year.
You could lose everything, all your possessions, but
It has taken you your entire lifetime to develop your earning ability to where it is today.
But your earning ability is a depreciating asset, like a car or a piece of equipment.
Knowledge and skill are the keys to the 21st century.
You are being paid today exactly what you are worth,
How you can apply this law immediately:
- Identify the specific skills you have which make you the most valuable to your organization. Which are essential to generating your income? Whatever your answers, make a plan to improve in each of these critical skill areas.
- Look down the road of your life. What will you absolutely, positively have to be excellent at doing three to five years from now for you to continue enjoying your current or an even higher standard of living? Whatever it is, identify these core competencies and then make a plan to acquire them.
- from "THE 100 ABSOLUTELY UNBREAKABLE LAWS OF BUSINESS SUCCESS" – Brian Tracy