Sunday, November 19, 2017

Human Capital – No Excuses Any More

May 18, 2011 by  
Filed under Latest Blog Post, You, Inc.

I’ve recently come across a term: Human Capital.

The timing could not have been better because I’ve also recently attended a Summit, The No Excuses II Summit, which was held at Palms Hotel in Las Vegas, in the Pearl Ballroom, the same exact venue where the MTV Awards were held.

I was immersed in Human Capital all weekend.

Let me explain. I’ll start with….. What exactly is Human Capital?

Wikipedia defines Human Capital like this:

Human capital is the stock of competences, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value. It is the attributes gained by a worker through education and experience. Defines Human Capital like this:

The set of skills which an employee acquires on the job, through training and experience, and which increase that employee’s value in the marketplace. (Andrea Coombes, author) recently posted an article on Yahoo entitled “You’re Richer Than You May Realize” with a subtitle of ” Count your ‘human capital’ as an asset; watch your net worth skyrocket.”

You can read the whole article here and it’s really well worth the read: Click Here to Read Article.

It’s very interesting and amusing to read the comments after these articles. I swear they pay people to say them. These are the people who will sit and stare at the glass all day long and NEVER figure out how it can be half full. All they ever see is the empty part.

Here’s just a few of the “good” ones:

Grasping at straws with this one. Go to the store and try to buy some milk with your “human capital”

“Good news honey, we can bring our mortgage current with some human capital!” *Sheesh* a new low for yahoo/ marketwatch

This is a joke right?

I went to my credit card company, mortgae holder, gas staion and grocery store and I said I wanted to pay in human capital………. they called the cops, thought I was a serial killer.

Stupid article, a feel good piece of fluff

Just more financial propaganda, designed to make us spend more and increase our debt. But when we act like sheep, what can we expect?

This artical is less than worthless …..

I better go buy a safe to store my 10 billion worth of human capital. I’d hate for someone to steal me.

This is just one way of looking at what the term Human Capital really means.

Then there is the “Other Side of the Coin.”

The other side of the coin consists of those people who look at their human capital as an asset, just as they would their home or their bank accounts.

These are the folks that you could drop off my helicopter in the middle of a city with very little population and they could make a fortune with a network marketing company.

Or you can dump in the middle of the worst depressed real estate market and they could make a fortune buying and selling real estate.

Human capital is what makes the man (or woman) who doesn’t have two nickels to rub together rich beyond measure.

Human capital is what makes the person facing a horrible devastating disease healthy because of their amazing attitude that rises beyond their circumstances.

Human capital is what some folks can reach inside to a part of themselves that even they don’t know exists and pull out good, when there’s not a whole lot of good going on around them.

In short, human capital is the one ingredient that will determine your circumstances for the rest of your life.

It’s the difference between the winners and the whiners.

It’s what determines whether you will be in the “Let’s Make Things Happen Category,” “Let’s Watch Things Happen Category” or the “What Just Happened Category!”

So, what is your Human Capital Content?

Ask yourself the following questions to get an idea of where you fit in the grand scheme of things:

Do you consider yourself to be a leader?

Do you have a tendency to look at the empty half or the full half of the glass?

Do you feel that nothing is impossible if you really put your mind to it?

Do you Love being part of a team and getting things done?


Simply put, Human Capital falls in the middle of all the things that Money Can’t Buy!

It’s easy to figure out how much you’re worth on paper. All you need to do is add up your tangible assets. Add up your home equity, your bank accounts, your 401K, etc.

But what about the things you have that are definitely assets, but you really can’t put your finger on them.

Things like your creativity, your life experiences, your knowledge, etc.

Don’t EVER sell yourself short. I will end with a quote that is so true. Think about it!

The biggest tragedy in America is not the waste of natural resources, though this is tragic. The biggest tragedy is the waste of human resources. —Oliver Wendell Holmes


6 Responses to “Human Capital – No Excuses Any More”
  1. Kathy Jodrey says:

    Hey Deb,

    I could without a doubt name several people who would look at human capital as a useless pile of crap….you know, the “serial killer” type you’ve identified in this post. Fortunately though, I’m happy to say that I know many people (including you, my friend) who recognize the vast wealth that human capital represents.

    What’s funny is that out of the first group, I can’t think of one who has any true potential to shine in this world, whereas with the second group, I can’t think of one who will not shine.

    Love your list of questions, and based on my responses I would have to proudly say that I have tremendous human capital!!!

    Making a difference,



    Debbie Reply:

    Yes, you definitely have a TON of human capital. You’re right, the world is divided, but I’m glad we’re on the right side of the fence :)


  2. Phil Jackson says:

    Deb, great article. Really challenges you to think. On the one hand I’m annoyed by corporate weenees who insist on reducing human beings into an “asset”. On the other hand I’m reminded that the driving force behind all of our productivity and value is our mindset. Looking at the components of social capital (knowledge, skills & abilities, creativity and life experience) I’d say that they are highly correlated to a positive, self-respecting, entrepreneurial mindset. Certainly the acquisition and the application of those four factors are determined in no small part by the relative health of a person’s mindset.


    Debbie Reply:

    Great insight Phil. It’s so true, corporate America does reduce employees to assets, and the sad part is that when that asset no longer serves the purpose, just like a house or a mutual fund that’s losing money, it’s gone! Love your take on this.


  3. Hi Debbie,

    Super inspiration here.

    Human capital trumps anything on the outside. All circumstances or situations yield to your mental tools, your creativity, your desire, all intangible qualities that make things tangible.

    Skeptics like the commentator you mention never realize they live in a prison of their own making. They get what they choose to see. See the glass empty, that’s what you get. See it full, live abundantly. The individual chooses to perceive things the way they choose to see them.

    Thanks for sharing Debbie.



    Debbie Reply:

    Thanks for your insight Ryan. You’re right, and that’s such an amazing way to look at it. They’re in their own prison, and they created it themselves.

    Thanks for visiting my blog. Glad you’re here, come back again soon.


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