I've been exploring several business opportunities recently, so I've been thinking a lot about capital. If we want to do X it will take $1500 of capital. If we want to do Y it will take $4000 of capital. Our options in business greatly depend on the amount of capital we control. Capital represents the ability to do something. Better yet, it creates an option for you to choose a particular path. Without enough capital, that particular path is not available to you. When it comes to our personal performance, capital is an important concept. True, we don't usually call it capital, but if you think in terms of that which gives you options, it functions in the same way. You have to … [Read more...] about Why You Need Personal Capital