What the Age of Information Has Done to wealth building
The emerging day of information is evolving the concept of wealth building, and those who understand how that is happening are leaving people that don't out inside the cold. To illustrate what I mean with that, just think about what happened being a result in the transition from the hunter gatherer age to that with the agricultural age: physical strength was regarded as being a type of wealth building, but because the cultivation of land become necessary for one's survival, land get to be the new way of wealth building.
Next, came the transition from your agricultural age towards the industrial age when production equipment and production capability get to be the new type of wealth building.
So would it be any surprise today that this transition in the industrial age to the industrial age produces the concept of wealth building to improve again? Those who are buying assets which are attached to companies wanting to apply the previous wealth building strategies in the information age are losing wealth building quickly. Wealth is not a commodity like gold, we went off that standard a long time ago...so what would it be that gives money its value now?
Wealth in The Age of Information
Social Capital may be the wealth from the information age. What is social capital? Very simply put, it's trust. Do you think a business would be more satisfied with 100 million dollars inside the bank or an organization who had the trust of a single million consumers? As you are reading this, you can find companies who've only a few people doing work for them and who will be making millions of dollars a year. These are companies that have managed to build trust using their customers by delivering information which adds value to the lives with their customers.
wealth building within the information age is performed by buying assets which build trust with folks, and one from the most important assets with the information is information which positions that company as being a thought leader. If you can try this, being a business owner or supplier, you will get enough social capital to achieve financial security which will last you for many years.