This is article #2 in the series of the six areas of support that will allow you to change or transform any area of your life, from over-eating to creating wealth.

Today we will talk about what Personal Ability means. In article #1 we spoke about Personal Motivation.

Here is a list of the six areas:

1. Personal Motivation
2. Personal Ability
3. Social Motivation
4. Social Ability
5. Structural Motivation
6. Structural Ability

As a reminder, what I will discuss is how to apply each one of the six areas only as it applies to creating financial abundance. You can choose any other area to work on, and it will be just as powerful.

You need to have the Personal Ability to accomplish your goal. To get out of debt you need to know how much debt you have, how to create a personal or business budget or spending plan.

You need to have the knowledge of how to reach your goal, and you may have to get educated on how to do this.

Obviously, we will cover the knowledge part of Personal Ability in the Wealth On Any Income Program. (

Unfortunately, I’ve learned that less than 10% of Americans are taught anything about money. Parents can’t teach what they don’t know. Teachers can’t teach what they never learned. Both CPAs and CFPs are not taught how to do personal budgets, so even these financial professionals can’t teach their clients.

If you want to know how powerful it is when all six areas of support are put into place, consider the work of Dr. Mimi Silbert of Delancy Street in San Francisco. Dr. Silbert has a 90% success rate of turning the lives of criminals and drug addicts into productive citizens. Our prison system has a 44% recidivism rate.

According to the National Institute of Justice study in 2011, almost 44% of the prisoners recently released return before the end of their first year out. How is it that Dr. Silbert is twice as effective? She employs all six areas of support.

When it comes to Personal Ability, do you have a system for tracking your spending? Do you have written financial goals that you can compare to your tracking system? Do you know what investments will pay 6-12% instead of the bank that pays 1%? Do you have a consistent method to create reserves in the event something goes wrong with your car, your home or your job?

What I am saying is that 90% of our population is not taught any of these skills. The result is massive credit card debt, bankruptcies, and financial stress on a day-to-day basis. And it doesn’t matter if someone gets a regular paycheck or they are professional or a business owner.

What financial skills and Personal Ability do you want to acquire?

To Your Prosperity,

Author's Bio: 

Often in the media and in a recent TEDx Talk, Rennie Gabriel supports individuals and business owners to create work as a choice, instead of a requirement, just as he did for himself. Rennie had gone broke twice (two divorces), but using the same concepts published in his book, Rennie created more wealth in each recovery than what he had prior.

As a highly rated instructor at the University of California in Los Angeles (UCLA), Rennie uses his award-winning, best-selling book, Wealth On Any Income, to teach effective money skills from both the emotional/psychological aspects as well as the practical components. His book has been translated into five languages. Rennie is a retired Chartered Life Underwriter (CLU) and Certified Financial Planner® (CFP®) and often adds BFD to his credentials.

His extensive knowledge of real estate and finance is useful not only to those who own or invest in real estate but to anyone striving for a better life by trying to achieve financial freedom.

His clients range from financial professionals, like CPAs, stock brokers, and financial planning firms, to entrepreneurs in the transformational space (coaches, authors, and speakers). He also works with large organizations like the FBI, American National Insurance and Toyota Motors.

After 40 successful years in financial services, Rennie now works to donate 100% of the profits from his speaking fees, wealth programs, books and business coaching to charities, the primary one is where dogs are rescued, trained and donated as service animals for soldiers with PTSD and TBI (Post Traumatic Stress Disorder and Traumatic Brain Injuries)