As technology improves, the fixed costs of entrepreneurship and investment continue to drop. This creates opportunities for people with middle-class income to invest and operate like they are much wealthier.
Take Drake as an example of a “titan investment strategy”. He has income coming in from his direct music streams and sales, his touring revenue and festival appearances, a clothing brand, a record label, a whiskey brand, endorsements, and probably lots of other investments that we don’t know about (property, stocks, etc.). He has many different sources of income and many different places where his capital is invested.
In the past, to create a similar level of personal diversification, you needed to earn a ton of money.
Now that is not the case.
Technology has dramatically dropped the costs of investing, to give everyday savers access to stock markets without low brokerage fees. As ICO’s and other forms of equity crowdfunding continue to grow, the ability to invest in businesses will grow for the average earner.
In addition to making it easier to invest, technology is making it easier to earn money outside of your job. You can start a blog and generate affiliate income, you can sell personal merch, you can freelance on Upwork, drive for Uber, or re-sell products on Amazon. None of these will be as lucrative as owning a record label, but on a small scale, they give you the same diversity that only someone 10X as rich could attain a couple decades earlier.
Instead of having a job and a savings account, you can now have your main job, a side-hustle on Upwork, a room you rent out in your house on holidays, a podcast where you generate some ad revenue, and an index fund where you invest your savings.
As the fixed costs of investing and entrepreneurship continue to drop, this dynamic will continue to grow. Making it easier than ever to diversify your income, diversify your investments, and to become a middle-class titan of industry.
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