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In doing so, they disregard the impact their actions have on intangibleassets like trust and credibility. The Hidden Costs of Hidden Fees Some people make shortsighted decisions without considering the long-term consequences. Their primary focus is satisfying their own needs, often at the expense of others.
These results can be, in my experience, best conceived as a progression of outcomes moving from intangibleassets to tangible outcomes. All of these take place within an environmental context that includes the financial markets, the economy, competition, labor markets, regulatory environments, and other environmental factors.
Take, for instance, the age at which people make commitments such as buying a house, getting married, having children, or starting a career. And yet that does not mean that simply extending our careers is appealing. A multi-stage life will have profound changes not just in how you manage your career, but also in your approach to life.
Today, the majority of market value is made up of intangibleassets (networks, platforms, intellectual property, customer relationships, big data) more than physical assets. In fact, it’s not even close: intangibleassets make up over 80% of the S&P 500’s market value — a complete reversal from 1975.
What we asked people was, at this point in their lives, are they actively building, maintaining, or depleting their tangible and intangibleassets? Actively building both tangible and intangibleassets is crucial to creating a long and productive working life. Over 10,000 people completed it.
Many workers have found, well into their careers, that their physical skills for making and transporting “things” are less relevant and valuable than the once were. New workers embarking on their careers are finding that their education is incomplete in many areas essential to our technology-driven lives today.
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