Technology has become a way of life for many of us. It greets us when we wake up, offers support and entertainment throughout the day, and is the last thing many people see before they go to sleep. Despite that omnipresence, though, we probably aren’t using tech to its full potential yet.
When used correctly, current technology could actually be the catalyst for building your fortune.
Technology Changed the Way We Make Money
The way technology is used to generate money is one of the biggest marks of the 21st century.
A hundred years ago, the notion that someone could be paid $100k per year to work primarily at home without performing any hard labor was unimaginable. Today, IT professionals can easily pocket more than $100k in this way because their skills are so highly valued.
Tech also makes starting your own business not just a lucrative endeavor, but one that’s highly recommended. You can do it with very little to no post-secondary education because technology has set it up for you to do so.
Sam Ovens, for example, designed his own consulting business and turned it into a company worth more than $10 million by the time he was 25 years old. He dropped out of college at 21 without a dime to his name, but was determined to make his fortune.
Ovens had profitable skills that could be spread across social media, email, video chat, and advertising as he sold his business online and over the phone. “I took everything I knew about starting a consulting business and turned it into an online course. I started selling the course. The course grew bigger than my main consulting business,” he explained to The Epoch Times.
Building wealth was dramatically simplified by Oven’s ability to market online as well as by other technological means. Making millions of dollars overseas was largely regarded as an impossible feat before we had the ability to communicate and market ideas to the other side of the world.
The way we make money will continue to evolve, thanks to existing tools and those to come.
Expanded Education and Investments
The Internet is loaded with content that makes getting financial education simple as well as accessible. Financial blogs are among the highest-grossing platforms because people spend considerable time investing in their financial education.
An individual who has very little money or knowledge of the stock market can spend a few months learning the business through reading online information, and trial and error. After several years following this path, gaining and losing, you can develop a mastery over the program that could set you up for rich returns.
This is all thanks to the wealth of information technology has (literally) placed at our fingertips. “Google and other search engines let you hone in on specific topics, and many mutual fund companies and financial services firms offer a wealth of free information,” says Lisa Smith, financial expert and contributor for Investopedia.
“A visit to their websites can reveal everything from general education on a wide array of products to economic forecasts and economic insights from professional market watchers. With a just a little effort, you can even identify and follow comments from your favorite economist, investment strategists, portfolio manager, or other expert.”
Making millions is suddenly possible, thanks to the available information about stocks and investing.
Money is Better Managed with Tech
According to Dave Ramsey, financial guru and talk-show host, when you manage your money properly, you can build wealth that will set you up for the rest of your life. In his seven-step program to managing money and becoming debt free, the last step is to “Build Wealth and Give.”
“Build wealth, become insanely generous, and leave an inheritance for future generations,” Ramsey says. “You know what people with no debt and no payments can do? Anything they want! And it’s all because you had discipline for a few years. Now that’s leaving a legacy.”
Technology enables money management like never before. There are hundreds of apps and programs, available for free as well as for fees, that enable anyone to build wealth through proper management of money.