It seems incredible to have so many millionaires, yet a simple answer can be found in decentralization.
The revolutions of the 19th century reduced the power of the old monarchies, decentralizing part of the power and giving it back to people. This for sure shifted some money their way.
The internet allowed the decentralization of ideas. You could go online and share your ideas with someone half a world away, maybe even start a project with them. Again some money was shifted away from the elites, and found it's way to new pockets. Brand new millionaire pockets that is. Jack Ma made billions with Alibaba, but many more made millions
I come from a second world country. I live a very short walk away from the Adriatic sea. The nature is beautiful and people are warm and friendly. Yet most of them will never understand basic concepts like beating the inflation and investing. I work at an airport and meet people all over the world. Just a few days back there was a man from New Zealand, who was more than happy to answer a simple question for me:
Is it common knowledge in your country that money should be invested, and not piled up under the mattress? His answer, about half a second later was a definitive Yes. I was stunned. Never was I told of this concept. So simple yet so profound.
For the last month I have devoted most of my free time to learning about value preservation and the crypto space
Making money is a zero sum game, and in order for me or You to have more of it, someone somewhere in the world is bound to have less. The more I think about the blockhain revolution, it becomes more clear to me that we are living in a special time in history. People will be able to have numerous sources of income just by interacting with other people through various social networks (like Steemit for example).
The possibilities are endless. A lot of people will get rich or richer, but at the end of the day, the average person will have more than they do now. And for some that will be a life changer.
Hi Botixx,
thank you for your thoughtful reply.
I must correct you though on one of your points; "Making money is a zero sum game, and in order for me or You to have more of it, someone somewhere in the world is bound to have less. "
This is not in any way true.
Worldwide poverty levels have dropped massively in the last five decades. This is only one sign, that debunks that idea that for someone else to do well, someone must do poorly.
Keep in mind that gold and silver are mined daily and governments create money, economies grow giving more people of an opportunity to have more money.
When you create value for another person and they are willing to part with their hard earned money for that value, they are not losing. In fact, they are gaining. You both do.
You may have just provided them with a tool or knowledge that gives them the chance to add value to another person, who in turn will buy something from them. Again, growing more value.
I've said it often - "Your paycheck, (or the money you earn) is simply a reflection of the number of people you have positively impacted"
So while money may move from one person to another, the person gaining the money is not the only one who is gaining. It is the value to the other person that must also be considered.
And yes - be sure to invest your money, in yourself, in your business and/or in markets that will return you "more" than you put in. Money doesn't do much good under your mattress except make it hard and lumpy.