Making money online through technology can give us the means to redefine who we are and where we are going. In the following, we provide the inspiration, focus, and seven elements we need to build our own individual foundation for tech-driven wealth.
Inspiration
We’ve heard it all before: give our money to the bank, just invent this one thing, drop-ship that thing, or invest in this hot stock, and we’ll get rich! The advice is everywhere… to make others wealthy.
All we really need is to make sure the money we earn, works for us and that it does so wisely built upon the biggest growth driver in history: technology. However, we don’t need some expert telling us how to do this.
Don’t buy the hype, don’t let them intimidate us. We can do it for ourselves and whatever amount we can put away helps get the game going. We can do it with time and commitment on our own.
There is no doubt this game can seem daunting. In fact, one of the biggest hurdles many of us run into is how can I buy this amazing tech stock when it sells for $1000, $2000, or even $3500 per share! I can’t even save that in a year!
I know it seems impossible now, but it is within our reach. Believe me, I felt this too after bankruptcy when I could barely muster $80 per month for food let alone invest anything! Now I’m saving and growing financially and it is giving me the ability to better define my day. In fact, I went from from working multiple jobs at a time to just one.
Its not easy though I know. It will be common to fall off target, get lazy, feel intimidated, or even frustrated. Believe me, I do it all the time. But the goal is simple: commit ourselves, learn all that we can about technology, and build our lives on the growth that tech drives so that we can define what our lives look like. Together we can achieve tech-driven financial freedom.
Focus
Many of today’s top tech companies have “rich valuations,” meaning they cost a lot (in stock share price) compared to how much they actually earn. It’s clear to see why when you examine their financial statements (the documents that help explain the health of a business), and opine the impact these companies have on our society.
These companies are pushing humanity forward in amazing ways. And, it is without a doubt that these companies are the linchpin of our growth as a society. They are what is driving the 21st century and reshaping the world.
Incredible balance sheets (statements of assets, debts and value), enormous growth (both organic and through mergers/acquisitions), and market dominance (often referred to as having a healthy moat) are just a few of the reasons we need to seek out these tech goliaths and build our foundations upon them.
After all, that’s why they have such rich valuations in the first place. Even if we can’t afford it at full price, we need to get these companies working for us. And, we need to do it AS SOON AS POSSIBLE.
This may seem like so many other schemes, asking of ourselves something that seems impossible. Unlike those that tell us to jump into buying real estate or trading thousands of dollars at a pop, something most of us simply cannot do, we need to find a more realistic way.
We need to harness the power to fuel our own tech-driven needs! Following the seven elements of the Poor Man’s Approach outlined below, we create a journey that will help each one of us to discover a path forward built on commitment, technology, the financial means we need to fulfill our passions, and a little bit of cyberpunk ethos, we can take back our lives.
Seven Elements: Path to Wealth & Individuality
Getting started is always the most difficult part, but I promise, the journey will be rewarding. Believe me, I know, it was the same for me too.
Bankrupt, alone, and nowhere to turn, I never thought technology would provide a guidepost for me. Nor did I ever think I would become an investor. After my mid-life issues occurred, I was working multiple jobs, not sleeping, and felt like I was having a constant heart attack. Something had to change.
As with any path forward, there are obstacles, guides, and even understanding that come along the way. The world of cyberpunk, that hi-tech, low-life literary movement offers parallels for us once again. And it did for me too.
I only came upon this notion as I was looking to drown my issues in escapism. I thought film, books, and games would provide this as they had in my youth. Fascinated by the different worlds and “escape from reality” science fiction offers, I dove in headfirst. However, I kept being drawn into the sub-genre of Cyberpunk.
Each of the characters portrayed I found there struggled through life trying to get by, ultimately finding the ability to understand and redefine themselves in the process enabled by technology. So, I thought to myself, perhaps I could learn from this. And learn I did.
Cyberpunk’d Wealth
I only speak of this in the wealth section because it was the core of what opened up my time and gave me some more freedom again. Cyberpunk helped me to redefine my life. It was the initial step I needed to take to get my life back. Building wealth through technology inspired by Cyberpunk let me to begin to define what I wanted to be.
Learning to use new FinTech tools: investing, trading, and making my money work for me, allowed me the opportunity to live life again. And dare I say, even prosper. When child support and bankruptcy hits at the same time, believe me, it can seem there is no way out and the end has arrived. I promise it’s not. There is a way out.
No, I’m not promising riches. I’m not saying you will run the world. I’m only saying that by following what I’ve discovered, found in the least likely of places, Cyberpunk, we can take back our lives. Finding the will to get started on that journey, to fight through the difficulty of our daily lives, is where we begin.