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Table of Contents
Preface xiii
Part I 1
Chapter 1: Defining and Redefining Wealth 3
The Relationship Between Wealth, Money, and the Economy 3
What Is Wealth? 4
First Principles Thinking 4
The Etymology of Wealth 5
What Is Money? 6
Commodity Money 8
Representative Money 9
Fiat Money 10
Electronic/Digital Money 11
Bitcoin 12
Central Bank Digital Currency 14
What Is an Economy? 15
The Bartering Economy and the Money Economy 15
Adam Smith: The Economy, Money, and Work 16
The Digital Economy 18
The New Wealth Paradigm 19
Chapter 2: A Rich Opportunity for the Unluckiest Generation 21
Past: Why Are Millennials Called the Unluckiest Generation? 21
Lucky Tailwinds 22
Unlucky Headwinds 24
From Numbers to Stories 28
Present: Are Millennials Still Unlucky? 30
Future: A Rich Opportunity for the Unluckiest Generation 32
Chapter 3: We Can’t Put the Genie Back in the Bottle 35
The Great Wealth Transfer 35
The Great Migration 36
Migrating 37
Migrating Online 39
The Great Resignation 40
The Great Restructuring 42
Entrepreneurial Spirit Animals 44
Digital Darwinism 46
Part II 49
Chapter 4: The 5 Principles of Invisible Wealth 51
The Wealth of Money and Investment 54
The Wealth of Health and Quality of Life 55
The Wealth of Knowledge, Status, and Influence 56
The Wealth of Time, Energy, and Experiences 57
The Wealth of Relationships, with Self and Others 58
Chapter 5: The Wealth of Money and Investment 59
The Relationship Between Money, Investment, and Wealth 60
Making Money 60
Multiple Streams of Income 61
The Creator Economy + Web 3 62
Inheriting Money 64
Spending Money 64
Saving Money 66
Investing Money 67
Investing Before the Internet 68
Retail Revolution 68
Public and Private Markets 69
The Democratization of Wealth 70
Sustainable Investing 72
Blockchain and Digital Assets 73
What Is Blockchain Technology? 74
Decentralized Finance (DeFi) 74
Societal Implications of Wealth Creation 77
Chapter 6: The Wealth of Health and Quality of Life 79
The Relationship Between Health, Quality of Life, and Wealth 79
Wealth of Health: The Foundation on Which All Else Is Built 80
What Is Health? 82
Physical Health 82
Mental Health 85
Spiritual Health 88
What Is Quality of Life? 91
Living 92
Working 93
Playing 94
Chapter 7: The Wealth of Knowledge, Status, and Influence 97
The Relationship Between Knowledge, Status, Influence, and Wealth 98
What Isn’t Knowledge? 98
Information Versus Knowledge 98
What Is Knowledge? 99
Using Knowledge 100
The Knowledge Doubling Curve 101
The Knowledge Economy 102
What Is Status? 103
Status Through Abilities and Achievements 104
Status Through Associations and Affiliations 105
Status Symbols 107
What Is Influence? 108
Personal Brand and Influence 108
The Influencer Economy 110
Chapter 8: The Wealth of Time, Energy, and Experiences 113
The Relationship Between Time, Energy, Experiences, and Wealth 114
What Is Time? 114
Time Value of Money 116
Monetary Value of Time 116
Technology and Time 118
What Is Energy? 119
Energy and Work 119
Managing Time and Energy 120
The Pareto Principle 121
The Attention Economy 122
What Are Experiences? 123
Extraordinary Experiences 123
Ordinary Experiences 126
Experience Economy 127
Chapter 9: The Wealth of Relationships with Self and Others 129
The Relationship Between Our Relationship with Self, Others, and Wealth 130
What Is a Relationship with Self? 130
Intuition 132
What Are Relationships with Others? 132
Relationships and Technology 135
Relationship Capital™ 136
Relationships and Money 137
Technology 137
Dating: The Paradox of Choice 138
Marriage and Money 140
Part III 143
Chapter 10: Personal Wealth Algorithm 145
The Relationship Between Principles, Values, and Wealth 146
Collective Principles 147
P1: Wealth of Money and Investment 147
P2: Wealth of Health and Quality of Life 148
P3: Wealth of Knowledge, Status, and Influence 148
P4: Wealth of Time, Energy, and Experience 149
P5: Wealth of Relationships with Self and Others 150
Individual Values 150
Collective and Individualistic Culture 151
Personal Wealth Algorithm 153
Practical Application 153
Wealth Goals Change, Too 157
Chapter 11: Personal, Renewable Resources 159
The Relationship Between Environmental and Personal, Renewable Resources 160
Environmental, Renewable Resources 160
Non- renewable Energy 161
Renewable Energy 162
Personal, Renewable Resources 163
Attaining Your Wealth Goals 163
Your Renewable Resources Are Your Superpowers 165
Inside Out 166
External, Renewable Resources 167
Where Wealth Begins 168
Notes 171
About the Author 191
Index 193
