Who Will Become Wealthy in the Information Age?

As you know, we're now well and truly in theInformation Age. It began about 10 years ago. In fact,many economists say it began in 1989, with the Fall ofthe Berlin Wall (and the start of the World Wide Web).

To understand who will become wealthy in theInformation Age, first we need to understand how theInformation Age differs from the Industrial Age (bornabout 1860, died about 1989).

In fact, let's get a complete overview and go back tothe Agrarian Age.

In the Agrarian Age, society was basically dividedinto two classes: the landowners and the people whoworked on the land (the serfs). If you were a serf,there wasn't much you could do about it:land-ownership passed down through families and youwere stuck with the status you were born into.

When the Industrial Age arrived, everything changed:it was no longer agriculture that generated most ofthe wealth, but manufacturing. Suddenly, land was nolonger the key to wealth. A factory occupied far lessland than a sheep farm or a wheat farm.

With the Industrial Age came a new kind of wealthyperson: the self-made businessman. Wealth no longerdepended on land-ownership and the family you wereborn into. Business acumen and factories were creatinga new class of wealthy person. But it still requiredenormous capital to build a factory and start abusiness.

Then came the World Wide Web (in about 1989) andglobalization. Suddenly, everything changed again.

Factories (or real estate) were no longer necessary torun a business. Anyone with a website could start abusiness. The barriers to wealth that existed in theAgrarian Age and the Industrial Age were completelygone. People who could never have dreamed of owningtheir own business were making millions from theirkitchen table.

Of course, the Information Revolution didn't beginin 1989.

It began in 1444 when Gutenberg invented the printingpress in Mainz, Germany.

But the printing press (newspapers, magazines,paperbacks) belonged to the Industrial Age, not theInformation Age.

The printing press is a 'one-to-many' technology. TheInternet is a 'many-to-many' technology. And that waswhat changed in 1989.

The Industrial Age was about centralization andcontrol. The Information Age is aboutde-centralization and no control. No government and nomedia magnate controls the Internet. This is thecrucial thing to understand about the Information Age.

As we moved from the Agrarian Age through theIndustrial Age to the Information Age, there's been asteady collapse of the barriers that kept one section ofsociety wealthy and the other section poor.

In the Information Age, literally anyone can becomewealthy.

So now that we have a clearer picture of how theInformation Age differs from the Industrial Age, let'sask that question again: 'Who will become wealthy inthe Information Age?':

(1) People Who are Self-Taught

To explain this better, let's go back to the AgrarianAge and the Industrial Age, and the Transmission ofSkills.

In the Agrarian Age, skills were passed on from fatherto son. If you wanted to learn how to be a blacksmithyou had to be a blacksmith's son. If you wanted tolearn to be a stone-mason, you had to be the son of a stone-mason.

With the coming of the Industrial Age, all thischanged. You could go to University and learn whateverskills you wanted. Knowledge was freely available.

But in the Information Age, the Transmission of Skillsis changing once again.

The skills necessary to succeed in the Information Ageare not being learnt from our parents (as in theAgrarian Age), nor are they being learnt in schoolsand colleges (as in the Industrial Age). Children areteaching their parents computer skills. And many ofthe entrepreneurs who start hi-tech Internet companieshave never been to college.

The millionaires (and billionaires) of tomorrowprobably won't have a college education. They will behigh-school drop-outs, self-taught people.

(2) People with New Ideas.

Again, it's the people who are able to think outsideof the existing structures who will become wealthy inthe Information Age. Often, it's just a Simple Ideathat launches people to success in the InformationAge.

Take Sabhir Bhatia, for example - the man who inventedHotmail. Bhatia was a computer engineer working inSilicon Valley. He had no previous businessexperience, whatsoever.

But one day, while he was driving back from work, afriend called him on his cell phone and said that hehad an idea: What about starting a free, web-basedemail service? Bhatia knew this was the idea he'd beenwaiting for. He told his friend to hang up immediatelyand ring him at home on a secure line.

Three years later he sold Hotmail to Microsoft for$400 million.

(3) Writers

The third group who will become wealthy in theInformation Age are Writers.

In the Industrial Age, Writers depended on largepublishing Houses to get published (remember that theprinting press is an Industrial Age technology - it iscentralized and controlled). And the Publishing Housestook the lion's share of the profits.

In the Information Age, Writers are doing their ownpublishing - and keeping most of the profitsthemselves. Indeed, Writers are flourishing on theWeb - mainly through eBooks and Ezine Articles.But even if you don't write eBooks or Ezine Articles,if you own a website, you are a Writer.

Why?

Because the Internet is basically a written medium. Itfavors writers, people who are able to communicateeffectively through the written word. Remember, it'snot the graphics on your website that sell, it's thewords you use.

In the Information Age, we're all Writers!

------------------------------------------------------------
Michael Southon has been writing for the Internet for over 3
years. He has shown hundreds of webmasters how to use this
simple technique to build a successful online business. Click
here to find out more: http://ezine-writer.com/
------------------------------------------------------------

Before There Was Wall Street, There Was Gold.. & when Wall Street is gone, there will still be Gold

Paper burns and large companies can go bankrupt, but if you want a piece of... Read More

Top 10 Secrets of Getting Rich!

As many people have observed, "Success leaves clues." If you want to achieve extraordinary success... Read More

Russ Whitney - Building Wealth Through Real Estate

When Building Wealth by Russ Whitney was released a few years ago it sent shockwaves... Read More

New Year Resolutions to a Better Financial Future

There could not be a better time to mull over the changes needed in our... Read More

Business Ownership, Cash in Your Pocket - Today!

Yesterday we learned that 74% of all wealth is created by people who own their... Read More

7 Golden Rules to Financial Prosperity

Not Enough Money?I believe that most people haven't got enough money for everything they wish... Read More

5 Easy Ways to Save and Build Wealth

1. Pay off high-cost debt. The best investment most borrowers can make is to pay... Read More

Saving Money By Spending Wisely

Why is it that the older and richer people become, the more conservative they are... Read More

The 11 Best Money Saving Ideas of All Time - Part 4

At any time in history, no matter what the current state of the economy, no... Read More

How to Grow Your Very Own Money Tree

Okay. So money doesn't really grow on trees. Unless you plant your own Mighty Money... Read More

You Can`t Cheat An Honest Man

Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn 1903 Charles Ponzi arrived in... Read More

Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail?

Here's the truth: I have read hundreds and hundreds of books about... Read More

The Predicament of the Newly Rich

They are the object of thinly disguised envy. They are the raw materials of vulgar... Read More

Your Own Products Can Make You Rich

Although there are advantages to selling other people`s products and services, there are also drawbacks.... Read More

The Top 10 Steps to Extraordinary Personal Wealth

I recently came across startling figures about the average American's finances. Only 4% of us... Read More

What it Means to be Rich

Many people have a false understanding of what it actually means to be rich. If... Read More

Understanding the Three Different Types of Income

Part of learning to become financially free is to begin to understand that there are... Read More

Retirement ? Can You Afford It?

Every day you work is one day closer to your retirement. But can you afford... Read More

3 Steps To Increasing Your Income

Most accountants, financial planners and wealth-building experts agree that there are really only three ways... Read More

Building Wealth: Its An Inside Job ? Part 1

Whenever we read about building wealth or even attend a seminar for that purpose, we... Read More

Easy Ways to Save $1,000

Vacation season is upon us and it can be tempting to pull out the plastic.... Read More

10 Ways To Find The Money Hiding In Your Paycheck

No matter how tight things are financially for you; no matter how bleak you think... Read More

Warren Buffet: Wisdom from the Worlds Richest Investor

In light of the dominant mindset overshadowing the market these days, a breath of fresh... Read More

How To Grow Your Mental Power and Let Your Brain Make You Rich

No one has complete control over their thoughts. But with practice, with deliberate attention, far... Read More

Investing is About Discipline

If you don't have discipline then walk away from the idea of being rich. You... Read More

Financial Freedom, Is It Only A Dream or Just Steps Away?

Almost all of us go to work everyday and do the same routine over and... Read More

Q and A: Financial Independence Tips For Women From Coni Cecil

As a woman Netpreneur, I sat down via e-mail with article-announce regular contributor, Internet marketer... Read More

Does the Moon Have Covers?

Recently, one late winter night, my four-year old son and I counted stars with one... Read More

Plan For Wealth

One very important wealth creating habit is to set up a concrete plan that you... Read More

The Morphing of Thought and Cash

Here are some thoughts about the morphing of thought and cash. What do I mean... Read More

Retirement Planning the Offshore Way

Retirement Planning the Offshore Way Why do so many of us constantly push the thought... Read More

Want Money? You Got It!

Six out of six people who were asked to list their highest priority in life... Read More

The Secrets of World Money Flows and A Simple Way to Understand Them

You can learn the secrets of world monetary flow if you will simplify the concept.... Read More

The 11 Best Money Saving Ideas of All Time - Part 2

At any time in history, no matter what the current state of the economy, no... Read More

Who Will Become Wealthy in the Information Age?

As you know, we're now well and truly in theInformation Age. It began about 10... Read More

Thought Creates Reality Even When It Comes To Money

What if I told you that reading a book would also change the way you... Read More

The Wealthy Mindset

What is the difference between wealthy people and poor (even average) people? It is not... Read More

A New Economic Policy

Anyone knows that material wealth is measured in goods: apples, cars, shoes, sheep, etc. When... Read More

Use Feng Shui Coins To Increase Your Income

Feng shui coins can allow you, among other things, to increase your income. By keeping... Read More

Is Accumulating a $1,000,000 Net Worth Easy? Yes and NO

Is accumulating wealth as easy as following a 3-step plan? Yes it is and no... Read More

The Three Step Plan To Prosperity

You have $100 in your bank account, your rent is past due, your creditors are... Read More

Residual Income - 3 Ideas for Long Term Profits

A residual income is one that comes in no matter what--even when you are not... Read More

Asset Diversification Is NOT Boring?And Will Make You Money

OK, this article will start with the cheapest piece of advice you will receive this... Read More

High Flying Market Makes Good Buys Hard to Find

AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER AND HARDER TO FIND.Market activity... Read More

Financial Intelligence - Compounding (The Ninth Wonder of the World)

Compounding: The Ninth Wonder of the WorldBy Nicola Cairncross Compounding is often described as the... Read More

The Top 10 Steps to Becoming a Millionaire

There is perhaps no more important decision than to take charge of your own financial... Read More

Financial Freedom for Every Employee

You may think you have to be an entrepreneur to achieve your goal of financial... Read More

Clearing Blockages to Increase the Flow of Money into Your Life

Money is probably the most challenging thing for many people to manifest. It can also... Read More

The 11 Best Money Saving Ideas of All Time - Part 3

At any time in history, no matter what the current state of the economy, no... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned that employees are a pain.That... Read More