Have you ever really stopped and thought about all the amazing resources that are available to you now? When you take the time to really put this in to context you’ll see how incredibly lucky you are.
The playing field is being leveled.
Tools that were once only available to the ultra-wealthy are now available to the masses. Are you taking advantage? And better you are actually USING these things to your advantage?
Thirty years ago computers were ten times (or more) the price that they are now. The average American didn’t have a pile of computers lying around. Getting online to check email, catch up on events, and make money wasn’t a luxury anyone had.
The only people who even had computers were the super wealthy.
Now think about today – the amount of information and better yet, opportunities you have in front of you are virtually limitless.
Take me for example, I took advantage of the opportunity that comes with owning a computer and having access to the internet. I explored many money making opportunities and landed on becoming a blogger. I wouldn’t exist if technology didn’t become easier to access.
Have you ever seen a picture of a cell phone from the 1980’s? Those things were huge! You couldn’t browse the internet or text people. And very few had them.
With the advances in technology prices have dropped down while features have went up. In fact, over 50,000 different people viewed my blog from their mobile phone in the past thirty days! To top it off another 13,000 visited from a tablet. Compared to desktop those numbers are insane.
Smartphones are an amazing tool and they are obviously used by the masses.
You can literally access any information you need anywhere you are. Does it get much better that?
I remember buying one of the first versions of Quicken over ten years ago and paying at least $100. Now we have tools like Mint.com and Personal Capital that will track your money for free.
In the era we in live there really is no reason for anyone to not properly manage their money. We have free tools for budgeting, debt payoff, investing and saving. There’s a free resource for pretty much anything you could dream up.
The tools you need are at your fingertips. There’s no reason not use them.
In the 1970’s investment commissions were high. Fixed commissions were at 2.5% or higher – no matter what. That means if you invested $10,000 you were automatically out at least $250.
Now you can find some places with zero trading fees! I started out using Share Builder at $6.95 per trade which is still phenomenal based on the fees people had to pay forty years ago.
And let’s not forget about virtual financial advisors. You can use places like Betterment or Wise Banyan to help you determine your risk tolerance and invest your money for you. AND there are no minimum investment amounts.
There are no more barriers to investing. You can find the answer to all of your investing questions with a couple clicks of a mouse and have access to tools that will easily get you started.
Hedge funds were once only available to the super wealthy. In fact, in the past you’d have to put at the very least one million dollars into a hedge fund to get started.
And now, thanks to Titan Invest, you can invest in a hedge fund with limited amounts of money.
For those of you thinking that’s still a high amount compare it to the normal one to five million dollar previous minimum. That’s one heck of a deal and now it’s not only the ultra-rich who have access to hedge funds.
The Playing Fields are Being Leveled
The elite will always have some type of advantage on the masses but with the technology that we have today the playing fields are being leveled.
You have access to endless information, opportunities, tools, and investing vehicles. If you take everything available to you, appreciate it and use it to your advantage, the possibilities for your own personal success and financial freedom are endless.
Be grateful for all the amazing things you have access to and use them for your own self-improvement – if you don’t somebody else will.
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page, or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.