AT LEAST YOU STILL HAVE YOUR HUMAN CAPITAL

uExpress, October, 2008 by Scott Burns

It's ugly out there. Millions of people have lost a major part of their financial assets. Millions more have seen the value of their home decline.

So let's talk about what's left: human capital.

Human capital is the forgotten part of personal finance. One reason is that the financial services industry is so entirely focused on the products it sells -- financial assets. Another reason is that human capital is difficult to talk about.

But human capital is important because it is the primary asset we all have.

Skeptics should consider a simple example -- how much you would need in financial assets to replace your paycheck. A worker who earned $50,000 a year, for instance, and who may have 20 more years to work would need to have about $1 million in...

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