Technological revolution and innovations that changed the way we live in the past 300 years
First Industrial Revolution: 1700’s – Steam/Water power for Textile production.
Second Industrial Revolution: 1870 -1914, Railroad, telegraph, ICE, Telephone.
Third Industrial Revolution: 1947 – 2005 - Invention of the Internet, computers, smart phone.
Jeff Bezos - Built a massive disruptive e-commerce business using internet and computers.
Mark Zuckerberg - Built a social media network using internet and computers.
Fourth Industrial Revolution (4IR):
2005 – Present, Blockchain, IoT, 5G, Robotic, Electric Cars, 3D printing, AI, Deep/Machine Learning, Cloud/Edge Computing, Virtual/ Augmented Reality and many more. Technological innovation has disrupted entire industries in significant ways. Just like the invention of the Internet at the turn of the century, the advent of blockchain technology opened up a universe of opportunity and a race for innovating solutions. If you miss out on the Gold rush, Oil Boom and the
dot-com boom (internet), you have an opportunity to invest early in the Coming Multitrillion-Dollar Blockchain/Artificial Intelligence Boom.
Facts:
According to US Bureau of labor and Statistics, 20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business. Hence, after 10 years, only 30% of small business survive. This is why many are afraid of starting their own business. However, you can invest your money in stock market.
Wealth building is the process of generating long-term income through multiple sources. This refers to more than job-based income and instead includes savings, investments, and any income-generating assets
Real estate is perhaps one of the most well-known wealth-creating assets. Historically, real estate has proven to be a high-yielding investment for those who know what they are doing. According to a 2017 study, the average rate of return for real estate over a roughly 150 year period was around eight percent. The next closest performing asset was stocks, with an average rate of return around seven percent.
feel empowered to make best decisions for your money & life
The current world systems only benefits a few.
Most of the world existing systems are not perfect. For example, our
- Education system
- Financial system
- Political system
- Healthcare system
have shortcomings and hence, there is a significant disconnect between what people expect from the existing systems.
Smart people invests their money first into assets instead of purchasing liabilities. While low income people borrow money to purchase liabilities and work throughout their life to pay their debt.
Get a diversified portfolio
Majority of people work 35 or 40 hours every week for many years and discovered that they are still in either mortgage, car, student loan or credit card debt. If this describes your situation, you are one of the 99% they call the “working poor”.
1. Start you own business - Not always an easy task
2. Work for somebody – this is the status quo, but Invest a percentage of your money in innovative high growth stocks or index funds
Your Portfolio should have
- Stock - Individual/Index Fund
- Insurance
- Real Estate
- Cryptocurrency
- Personal business - This can be a website, blog, YouTube or a Book. According to Keetria, " When we have something – a talent or gift – that gives us an endless flow of creativity, sense of peace, freedom or empowerment, it serves as a clear sign that others could benefit from it too. When we make the decision to share, we support the potential for the endless opportunities our gift affords others".