While many honest, hard-working and tax-paying individuals realistically don’t aspire to rub shoulders with the one percenters of this world, a few extra quid in the bank would always come in handy. I mean let’s be real here; if you could literally choose an activity to occupy yourself with daily to replace your regular day job and earn a little bit extra for it, would you not jump at that chance? You probably would and so entertaining the prospect of wealth creation is always in order.
In the good old days (or not-so-good old days, depending on who you ask) the process of wealth creation was directly linked to the process of creation itself. Whether by design with the aim of becoming rich or indeed if to genuinely create a solution to solve a global problem, if you were to become wealthy in the old days you asked “why?” and then created a solution to the associated problem. We can’t talk about wealth creation success stories and not mention the likes of Bill Gates, a great example of how wealth used to be created. An operating system was created through his Microsoft company and was adopted globally as the leading solution in driving what was a very big desktop PC revolution. This subsequently made Bill Gates, his co-founder Paul Allen, and many other big players in the founding days of Microsoft extremely wealthy, perhaps serving as the ultimate epitome of how wealth was created in the twentieth century.
These days however it’s no longer about asking “why?” and then creating a solution to solve that conundrum. These days the process of wealth creation is centred more on how things are done as opposed to why. The wealth is in the process as opposed to the reason why things are done, paving a potentially much quicker path to wealth. Take the financial sector, for example, and particularly the banking sector. There are various reasons, mainly of convenience, why you might want to complete a number of SEPA payments; reasons which are extremely important to you and could perhaps even be crucial. What you can be sure of is that you’re not the only one instituting these and other transactions. You’re in fact just one of millions of people effectively moving money between accounts and institutions and every one of you has important personal and relational reasons for doing so. The banking institutions tasked with providing you the service of completing those transactions though couldn’t really be bothered as to why exactly you’re making those transactions. What they are concerned with is how you make your transactions because that is where the money is.
That’s pretty much how contemporary wealth creation works; focus on how things are done and then find a way to ensure you’re part of that process. The financial sector obviously presents the most direct and perhaps the easiest route to modern day wealth creation, but this principle of focussing on the how instead of the why spills over into just about every industry. Think Internet Service Providers (ISPs), mobile phone network operators, etc. All of these sectors focus on the how as opposed to the why, with their involvement in the way in which things are done generating a lot of wealth for them.