Identity capital, as coined by James Cody, emphasizes that individuals need to engage in various experiences and actions to discover who they want to be rather than assuming they should have a definitive plan early on. The concept highlights the importance of trying different roles and jobs, even if they seem unrelated, as a means of exploration and self-discovery. The notion challenges the traditional belief that one should have a fixed career trajectory early in life, especially considering the evolving job landscape. Cody suggests focusing on gaining useful skills and experiences progressively, reevaluating and pivoting when necessary, rather than planning a long-term career path prematurely.

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