The Consumer is King (they just don't know it)
by Charlie Epstein (comments: 0) |
Take out your mobile device and turn it on.
Now ......tell me, how many separate devices are built into your iPhone or Android device?
Let me list a few: There is a camera, phone, calculator, GPS, dictionary, library, tape recorder, weather...the list goes on, and on.
Twenty years ago, the consumer had to purchase each one of these devices separately at a combined price tag of over $20,000!
Today you and I can get all of these... and hundreds more for free!
Thanks to the innovative mind of Steve Jobs, and the innovative minds of millions of individuals around the globe who every day are creating thousands of new apps that make our lives easier.
Best of all, you don't even need to pay for your phone anymore- and all those free apps that come with it. You just need to pay for the monthly phone plan.
What has made all this possible is technology and innovation.
The processing power of the micro-chip has been doubling every 24 months, since Gordon Moore, founder of Intel, declared his now famous Moore's Law in the 1970s.
This purchasing power dividend is reflected in almost all goods and services you and I are able to buy- from automobiles, to refrigerators, to the heating systems in our home, and even our light bulbs.
All work faster, easier and bigger than 25 years ago; and all are faster and cheaper than 25 years ago.
This means, of course, that we now have more information at our fingertips today than Ronald Reagan did in the 1980's - consider the enormity of that.
What are you going to do with your vast riches today?
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Charlie believes the cornerstone of creating success with your finances and your life, is to act like an entrepreneur! Eliminating an "entitlement mentality" and taking control of your life's choices and personal finances are the first steps to igniting and aligning your passions with your finances.