The title of this post is a statement that hit me like a ton of bricks. I heard it while listening to a podcast where a man by the name of Tim O'Reilly was the guest. Wired magazine called him the "Trend Spotter."
When he uttered the statement it caught my attention, but it really didn't hit me until he started giving examples from the course of history.
Chew on this...
Things that have become the norm in our society were not instantly that. It took time for theme to be developed and adopted further and further.
However, there is one thing that happens more often than not with such things...
- Rich People Were Using Them First
Take for example...
The Model T Automobile
When the automobile was first created it was a luxury, it was something only the rich could afford. Now cars are prevalent throughout all income classes.
Eating Dinner Out
Yes, there was a period of time where this was considered a luxury and only the wealthy went out to dinner regularly. Now more than half of America eats out more often then it cooks at home.
Following Your Favorite Soccer Club
A time existed when travel was expense and not as readily available. Only the wealth could afford to follow their favorite soccer club from city to city for each match. Now soccer hooligans follow their clubs regularly without issue.
Seeing The Trend
All of the examples above show something that was not common or mainstream in our society due to reasons such as affordability.
Then the technology, the process, the accessibility grew and put them in the reach of more and more people.
So I guess the question is what are the rich doing right now???
Some things I use:
- 1broker to trade stock and currency using my bitcoin
- Bitconnect to earn daily interest lending bitcoin. Love me some passive income.
Best Regards,
Disclaimer: All content in this post is my opinion and for informational purposes only.