YOUR BIGGEST INVESTMENT.
Most people don’t realize this, they take their earning ability for granted. But it has taken you your entire life to develop your earning ability. Every bit of education, experience, and hard work that you have invested in learning your craft and developing your skills has gone into building this asset.
Your earning ability is very much like a muscle. It can increase in strength and power year by year as the result of regular exercise. Likewise, the opposite is true, too: if left alone or ignored, your earning ability, like your muscles, can become weaker or even decline because you have simply failed to upgrade it continually.
In other words, your ability can be either an APPRECIATING or a DEPRECIATING asset…
# An appreciating asset is something that grows in value and cash flow every year as the result of continual investment and improvement.
# A depreciating asset, on the other hand, is something that loses value over time and finally reaches the point at which it is “” written off,”” being of little or no further value. The choice is yours as to whether your earning ability is increasing or decreasing month by month end year by year.