Article 8: Competencies are the Building Blocks of Wealth

Competencies, capacities, strengths …. all are talking about the same thing: what can you do?

Competencies are a major component of our Wealth Potential and include the combination of talents, skills, knowledge, experiences, contacts and many more resources that are an integral part of who we are. It is a part of the Unique Value Proposition that each of us can contribute in exchange for what we want, specifically, wealth in whatever dimension we desire.

If you are employed, your employer expects that you will contribute value to the company’s objectives above and beyond what they are paying you. If you buy a service - cell phones, yard maintenance, business coaching … whatever - you expect a certain value in return for the money you pay.

If you help your neighbor rebuild his deck, you have a reasonable expectation that he will return the favor. This is not necessarily WHY you help him in the first place as giving of yourself has it’s own rewards beyond an in-kind exchange. Realistically though, you would feel as though the balance sheet was a bit awry if when it came time to rebuild your deck, The Neighbor was ‘tied-up’ for three weekends in a row.

Identifying and deploying your competencies builds on the foundation of values I discussed in an earlier post. It is an integral part of The Wealth Manifesto system and something everyone can do … everyone can create value.

This is part of the path to wealth.