Home
>
Wealth Building
>
Who Will Become Wealthy in the Information Age?

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/
------------------------------------------------------------

bathroom cleaning service Northbrook ..

In The News:

Learn how to act against cybercriminals in 2026 with essential security steps like two-factor authentication, software updates and credit freezing.

Choose between OpenAI releasing Sora text-to-video model, the AI race heating up, or Waymo driverless cars launching in cities across the country

Learn how to set up Google Maps and Apple Maps on your phone to automatically remember where you parked. Step-by-step instructions for enabling location services and parking detection.

Phishing scammers use rnicrosoft.com domain to impersonate Microsoft by replacing "m" with "rn" in typosquatting attacks that steal login credentials.

OpenAI announces new teen safety rules for ChatGPT users under 18, blocking romantic roleplay and requiring extra caution on body image topics.

A 2025 data breach at fintech company 700Credit exposes personal information of more than 5.8 million people through compromised third-party integration partner.

Retailers lose $76.5 billion annually to return fraud as nearly 10% of U.S. retail returns involve fraudulent activity, with $850 billion in returns expected in 2025.

ShinyHunters claims responsibility for stealing 94GB of Pornhub user data affecting over 200 million records and demands Bitcoin ransom.

ChatGPT 2025 now connects to Apple Music, Canva, Expedia, TripAdvisor and OpenTable through built-in apps that help users create playlists, design graphics and more.

Apple releases emergency patches for two zero-day vulnerabilities actively exploited in attacks. iPhone and iPad users urged to update immediately.

DoorDash launches Zesty, an AI-powered social app that recommends restaurants through conversational search, now testing in San Francisco and New York.

Cybersecurity firm Infoblox reveals that over 90 percent of parked domains now redirect visitors to scams and malware, making simple typos extremely dangerous.

The Fox News AI Newsletter covers the latest artificial intelligence technology advancements, including the challenges and opportunities AI presents now and for the future.

GPT-5.2 is now live for all ChatGPT users with improved coding, writing and image interpretation, with Kurt Knutsson offering his review.

New iPhone replacement scam uses pressure tactics and fake carrier calls to steal devices from buyers. Criminals claim shipping errors and demand urgent returns.

Amazon Ring's new facial recognition feature sparks privacy controversy as Electronic Frontier Foundation critics argue the AI upgrade expands surveillance risks.

New Android banking trojan Sturnus steals credentials, reads encrypted messages and controls devices.

Denmark's 3D-printed student village proves automation builds 36 apartments faster than traditional methods. Skovsporet project shows housing future.

Discover Android's new Sound Notifications feature that alerts you to smoke alarms, doorbells, and baby cries even when wearing headphones.

New SantaStealer malware reportedly threatens holiday shoppers with password theft. This Christmas-themed info-stealer targets browsers and crypto wallets.

The Christmas season brings a surge in Netflix phishing scams targeting shoppers with fake emails. Stacey P received convincing scam but verified account first.

San Francisco Giants invite Jamie Grohsong to throw ceremonial first pitch at Oracle Park after he learned to play baseball with a bionic hand following an injury.

FBI warns cybercriminals are stealing family photos from social media to create fake proof of life images in virtual kidnapping scams targeting victims.

Instagram's new 'Your Algorithm' tool lets you control your Reels feed in real time. The app now gives you power to customize what videos you see.

Major Marquis fintech breach exposes 400,000-plus Americans' data through unpatched SonicWall vulnerability, with Texas hardest hit at 354,000 affected.

Who Will Become Wealthy in the Information Age?

Wealth Building