Identity Capital: Meaning and Importance

Identity Capital

Identity capital: what is it? Is it possible for you to capitalize on your identity?
Your total personal resource base is your identity capital. By seizing opportunities, particularly when you’re in your twenties, you may build your identity capital. Learn more about identity capital and Its importance by reading below.

What is Identity Capital?

Identity capital is the buildup of our assets. Put differently, a collection of elements that collectively shape our identity.

Identity capital consists of both “tangible” and “intangible” components. What you can claim to have accomplished are the tangible things: jobs, clubs, degrees, schools, and grades. The intangibles are your natural personality qualities, such as your empathy, introversion, extroversion, and problem-solving skills.

Identity capital serves as a form of “adult currency.” It is what we use to “buy” relationships, careers, and other things that we want as adults. As such, you must start building up your capital as soon as feasible. An “identity crisis” is often the catalyst for the need to start building identity capital.

What is Identity Crisis?

The developmental psychologist Erik Erikson is most known for having coined the term “identity crisis.” The inability to develop an ego identity throughout adolescence is referred to as the identity crisis. It entails losing one’s sense of self and becoming confused about one’s social duty. People experience the “identity crisis” when they get ready to move into the “adult stage” of their lives.

Some will choose, like Erik Erikson, to capitalize on their identity in times of crisis. Many, however, make the error of continuing to exist in “disengaged confusion.” People in this position are too fearful to take risks, therefore they don’t make any effort or decision to get out of the crisis and start saving money. They have little hope of discovering the answers they seek within themselves if there is no risk.

On the other hand, individuals who do take a chance come out stronger in their identities, more realistic, and with more self-esteem. A life that is strict and traditional is created when one works in a position that does not allow one to grow or explore.

Why Is it Important?

The idea that identity capital is what we contribute to the adult market is the most important one. This is a very significant investment that we utilize to pay for relationships, employment, and other things we desire!

Our twenties are a time for deliberate and thoughtful exploration—they are not a disposable decade. Stronger identities are created by those who have the guts to commit and the patience to investigate. You must think and behave differently from the masses if you desire different outcomes from them.

Careers and identities are forged not by test scores or university degrees, but rather by important, door-opening components of identity capital.

The majority of us have at some point experienced underemployment and been placed in positions for which we are overqualified. When we have to choose a job, the secret is to choose the one that generates the greatest amount of identity capital.

Whatever position you hold right now, consider these questions for yourself:

  • Am I learning important skills?
  • Will it help me get closer to a different role I want in the future?
  • With this employment, am I expanding my networks?
  • Do I think highly of the good or service?

Finally, and the most important question is:

  • Would I still be doing this work if I had all the money I needed?

If you were a little alarmed by these questions, that’s a good thing. Don’t work on pointless projects, is the message I’m trying to convey. Improved employment opportunities don’t just happen; you have to use your identity capital to purchase your way into them.

Within the first ten years of a career, roughly half of all pay growth occurs. After that, the cost of raising a family and a mortgage makes it harder to travel and pursue further education, which slows the rate of salary growth. Unfortunately, some people lose out on the opportunity to advance while they are still “moving light.” Consequently, late bloomers find it difficult to catch up to others who made more deliberate selections early in life.
Don’t give up if this describes you.

Identity Capital: FAQs

Which Kind of Identity Capital Exists?

It’s simple to become overly fixated on your education and career but keep in mind that other aspects of your identity, including your network, problem-solving skills, and speech pattern, might help you get closer to your goals. Rather than starting a career straight out of college, you may spend a year traveling.

Identify capital psychology: what is it?

Our asset collection, or identity capital, is a curated set of unique resources that we have amassed over time.

Which three types of identity exist?

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Tomlinson, what does identity capital mean?

Identity capital is the sum of a graduate’s investment in their future employability and career development as well as their capacity to draw from their experiences to craft a narrative that is relevant to the job fields they are hoping to break into

Identity Capital: Conclusion

Our career success in the long run is greatly influenced by the job we do in our twenties. It’s critical to never underwork yourself. Maintaining your current course will position you for long-term success. Work in a job that will give you the greatest capital before you reach your later life plateau.

You can also do things like make a list of the things you want to do, stop putting off the things you want to do, and quit doing things you don’t enjoy.

Whether you’re changing careers or setting new goals for yourself, you must constantly build up your identity capital. You are guiding your personal development by developing your identity capital.

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