Have you ever noticed that regardless of the economic climate – there are some people who continue to make boatloads of money?
These people seem to be sitting comfortably while the financial world seems to be falling around everybody else – but why is that? What do these people know that most of the investing world doesn’t seem to get?
It’s not what you think…
It’s not inside information or nepotism – it’s much simpler than that.
As investors, if you want to make money in the 21st Century, there’s one thing we have to keep in mind…
It’s the forward thinking people that get rich.
All those who are stuck in the past, with the “old” and established way of doing things? They’re being left by the wayside…
All those throwbacks that think they can still make money doing what they used to do are in for a rude awakening as they’re more than likely going to find themselves holding the bag.
Manufacturing, steel, transportation – these are dinosaurs of the past.
Sure, you can still make a little scratch now and again, but come the next 5 to 10 years, people will be shunning these markets like they’re the plague.
In the coming future, we’re basically only going to be able to make money through one medium…
Innovation. Innovation is the key.
It’s what made this country great in the first place. What made the “Greatest Generation” great wasn’t their triumph over the Axis of Evil in World War II – it was the innovations these men and women made after the fact – especially when it comes to the Race to the Moon of the 1960s.
So many of our GIANT leaps in technology happened because of what occurred during these important years. If you’ve ever used or had…
- Freeze-dried food
- Cordless power tools & appliances
- Disposable diapers
- Fiber optics
- Satellite dish
- Bar codes
- Ear thermometer
- Smoke detector
Then guess what? If it hadn’t been for the space program – you’d be watching TV over cable and waiting hours at the grocery store as clerks rang up your order by price tag.
That’s fact…
And it was innovation that led the way.
You may think this sounds like common sense, but you’d be surprised how many people don’t know how important innovation has been for America – some people need to be spoon fed.
And we’re not the only ones who think so.
Arguably the world’s smartest man, Neil deGrasse Tyson, has said the exact same thing. Just listen to what he said on an HBO show just a few short years ago.
See? It’s all about innovation…
Forget the ways we used to make money – they’re dated and won’t work.
If you want to make money going forward, you need to find those companies that are, excuse my idiom here: boldly going where man has never gone before.
Those are the companies that are going to be leading the charge on Wall Street, and will continue to do so till next big paradigm shift.
As a society we’re evolving – and our markets are evolving with us.
And with all evolutionary occurrences, when it comes to making money in the markets of tomorrow, you’re only going to have two choices…
Adapt or die.
Regards,
Ethan Warrick
Editor
Wealth Authority
