JOURNEY THE DIGITAL ECONOMY

If time = money, then money must save time.

-VisionPioneer

WHY FOLLOW THIS BLOG? WHY SHOULD THIS EVEN MATTER?

{key points}

• The death of traditional financial systems and the growth of the digital economy
• Understanding the value of money
• Real Estate and Digital Assets (REDA)

Like anything else in life, this all began with a dream and a thirst for knowledge, most notably in the digital space. It is time to be ahead of the game and understand how things are truly moving in this technological world. For once, to be on the forefront of revolutionary investments at the time of this writing that are still under the radar. 

I would go as far as to invest a majority of available capital into the digital economy. Higher percentage invested in the short term for liquidity. The digital economy is a foreign entity to most, where diction such as blockchain technology, crypto, the metaverse, and NFTs falls short with the majority of the population.

For right now, that is ok as we take the time to get acquainted. It is the goal to make it easier for anyone to safely learn and participate whilst gradually increasing the adoption rate. We hold the risk in this unregulated space by holding unto the idea that this is truly the future. That we are in fact investing in value businesses at an early entry point. If some major catalysts were to strike, then we could face major losses such as recent bankruptcies of Terra Luna and FTX to name a couple. In general, however, we should be fine as our investments in the digital space continue to grow in value.

WHAT IS THE VALUE IN MONEY?

Value can be derived from a socially accepted standard by which items can be priced accordingly. The money that is valued, is then used as a means of payment that is accepted at a standard rate for goods and services. Let’s look at the evolution of money throughout history, where we at a time dealt with a barter system. Trading valuable items such as salt, weapons, and animal skins, in which the value still could be negotiated. Issues would arise under these conditions; such as the time it takes to actually perform the trade and finding someone to accept your terms. There is always the chance of a different value for a similar trade.

As time passed the bartering system became more efficient where easily traded items became the currency of the trade like the aforementioned animal skins and weapons. And as mentioned by Investopedia.com, one of the oldest known official currencies is believed to have been minted by Lydia’s King Alyattes in 600 BCE known as the Lydian stater.

Consider with a central currency a trading system was able to develop and increase the wealth and value of the country. “as rich as Croesus,” the last Lydian king who minted the first gold coin. In 1260 BCE, the transition to a paper currency within the Yan dynasty of China. Whereas Europe and its banks still relied on metal coins in the 16^th century, but then gradually moving to a paper currency as well. America, for instance, stayed on the gold standard until Nixon removed us back in 1971. At least, when it was backed by gold it had an asset that could measure value. Today the U.S. Dollar is essentially backed by our military power and belief in the system.

In today’s society, there is a consideration that greatly affects the way we should value money.

Being that the printing of it is done at freewill.  We are at a disadvantage in the matrix when paired against the ones who control the federal reserve. Now, here I would suggest taking the time to divest the entirety of R. Buckminster Fuller’s book the “Grunch of Giants.”  All that is to be conveyed here is that it would be foolish for us to use our most valuable resource time in exchange for a depreciating currency that is constantly flooded with new printed bills, inflation, taxes, etc.

We armed with more ammunition (information) to make a more discernable decision for our wealth accumulation process in today’s time. I know that others share the belief that we are in the midst of a financial revolution. A destruction of traditional banking and practices, to the growth of the digital economy and the greatest wealth exchange of assets.

Now understand, when we speak about the value of money, our perspective is focused on its purpose. Fiat currency is used to easily assign value and complete a transaction of goods and services. It accurately keeps a flow to an economy. Money is only good to be spent. That is why I like the reference of money as a fake asset, which others such as Robert Kiyosaki continuously preach about. 

ASSET ACCUMULATION AT ITS FINEST

Money is an illusion of wealth, it is how you decide to put it to use that will determine your wealth.. Peep the game of Monopoly and understand the importance of collecting those four green houses and that one red hotel. Asset accumulation is key to securing and growing your wealth. Now, in order to get those assets cash is most likely needed, which means at first, we need a way to have cash flow. That accessibility to money because of its utility is crucial. And once we have accumulated some cash, we purchase value assets. This means assets at or below fair market value. 

I like to think about something Warren Buffett said, in which he chose companies that were simple to understand and could see future value in it.  The process of asset accumulation should not necessarily be difficult. 

The ideal situation would be to acquire cash flow producing assets that appreciate over time. In this situation I always picture Grant Cardone just yelling “it’s all about the Cash Flow!” Which is exactly why I decided to get into multifamily real estate back in 2018.

TAKE ACTION

Currently while I write this, know that I am on the same path as a lot of you. As we strive for financial sustainability and comprehension. And my bet would be on the metaverse. A market estimated to grow by at least 10 billion a year to 2030.  So, I prepare for this future investment in which I take the time needed to research everything from individual cryptos like Bitcoin and Ethereum to broader subjects like NFTS, metaverse, play2earn, blockchain, dao etc. Start here for lesson 1 an intro to Bitcoin.

Let us take this journey together and benefit from a collective perspective. An opportunity for a deeper understanding and better investment growth strategies. We all can succeed in the digital economy. This is the founding of the community redadao.