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Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
A new paradigm of value creation, driven by your personal values.
In Invisible Wealth: 5 Principles for Redefining Personal Wealth in the New Paradigm, certified wealth management advisor and entrepreneur, Jennifer Wines, delivers an insightful exploration into reimagining and redefining wealth. This book explores the technological advancements and societal shifts that have us considering everything from digital assets to digital community, all of which are organized around values. This new paradigm places a premium on intangible, or invisible, assets represented by 5 principles—money, health, knowledge, time, and relationships—each of which is attainable through your own personal, renewable resources. This paradigm shift takes on a more holistic and personalized approach to defining wealth.
In this book, you’ll discover:
Offering pragmatic and philosophical considerations for redefining what’s truly important to you, Invisible Wealth belongs in the hands of anyone seeking a rich life.
It’s time to reimagine and redefine what wealth means to you.
JENNIFER WINES worked at some of the top Private Wealth Management institutions in the world, namely Goldman Sachs, JPMorgan, and Fidelity. She earned her Juris Doctor from Suffolk University Law School in Boston and her Certified Private Wealth Advisor designation from Booth Business School in Chicago. While at Fidelity, she developed a proof of concept and prototype for an enterprise solution, which was advanced into incubation. Her strong background with words (law) and numbers (finance), paired with her entrepreneurial spirit make her a trusted voice on the topic of redefining wealth, for the new wealth paradigm.
Table of Contents
Preface
Part I 8
Introduction to Part I: 8
Chapter 1: Defining and Redefining Wealth_ 10
The Relationship Between Money, the Economy and Wealth_ 10
What Is Wealth? 11
First Principles Thinking 11
The Etymology of Wealth_ 12
What is Money? 14
Commodity Money 17
Representative Money 18
Fiat Money 20
Electronic/Digital Money 21
Bitcoin_ 23
Central Bank Digital Currency 25
What Is an Economy? 26
The Bartering Economy and the Money Economy 26
Adam Smith: The Economy, Money, and Work 27
The Digital Economy; a Wealth of Innovation_ 30
The New Wealth Paradigm_ 32
Chapter 2: A Rich Opportunity for the Unluckiest Generation_ 33
Past: Why are Millennials Called the Unluckiest Generation? 33
Lucky Tailwinds 34
Unlucky Headwinds 37
From Numbers to Stories 44
Present: Are Millennials Still Unlucky? 47
Future: A Rich Opportunity for the Unluckiest Generation_ 50
Chapter 3: We Can’t Put the Genie Back in the Bottle_ 52
The Great Wealth Transfer 52
The Great Migration_ 54
Moves, Offline 55
Moves, Online 59
The Great Resignation_ 59
The Great Restructuring_ 63
Entrepreneurial Spirit Animals 65
Digital Darwinism_ 69
Part II 71
Chapter 4: The Five Principles of Invisible Wealth_ 73
The Wealth of Money, and Investment 77
The Wealth of Health, and Quality of Life_ 77
The Wealth of Knowledge, Status, and Influence_ 79
The Wealth of Time, Energy, and Experiences 80
The Wealth of Relationships, with Self and Others 81
Chapter 5: The Wealth of Money and Investment 83
The Relationship Between Money, Investment, and Wealth_ 83
Making Money 84
Multiple Streams of Income 85
The Creator Economy + Web3_ 87
Inheriting Money 89
Spending Money 89
Saving Money 92
Investing Money 93
Investing Before the Internet 94
Retail Revolution_ 95
Public and Private Markets 96
The Democratization of Wealth_ 98
Sustainable Investing_ 100
Blockchain & Digital Assets 102
What is Blockchain Technology? 102
Decentralized Finance (DeFi) 103
Societal Implications of Wealth Creation_ 106
Chapter 6: The Wealth of Health, and Quality of Life_ 109
The Relationship Between Health, Quality of Life and Wealth_ 109
Wealth of Health: The Foundation From Which All Wealth Is Built 110
What Is Health? 113
Physical Health_ 113
Mental Health_ 117
Spiritual Health_ 123
What is Quality of Life? 128
Living 129
Working 130
Playing 131
Chapter 7: The Wealth of Knowledge, Status, and Influence_ 134
The Relationship Between Knowledge, Status, Influence and Wealth_ 134
What Isn’t Knowledge? 135
Information v Knowledge 135
What Is Knowledge? 137
Using Knowledge 137
The Knowledge Doubling Curve 139
The Knowledge Economy_ 140
What is Status? 142
Status Through Abilities and Achievements 143
Status Through Associations or Affiliations 145
Status Symbols 147
What is Influence? 148
Personal Brand and Influence 149
The Influencer Economy 151
Chapter 8: The Wealth of Time, Energy, and Experiences 155
The Relationship Between Time, Energy, Experiences and Wealth_ 155
What is Time? 156
Time Value of Money 158
Monetary Value of Time 159
Technology and Time 161
What is Energy? 162
Energy and Work 162
Managing Time and Energy 163
The Pareto Principle 166
The Attention Economy 167
What are Experiences? 168
Extraordinary Experiences 169
Ordinary Experiences 172
Experience Economy 173
Chapter 9: The Wealth of Relationships, with Self and Others 176
The Relationship Between our Relationship with Self, Others and Wealth_ 176
What Is a Relationship with Self? 177
Intuition_ 180
What Are a Relationships with Others? 180
Relationships and Technology 184
Relationship Capital™_ 185
Relationships and Money_ 186
Technology 186
Dating: The Paradox of Choice 188
Marriage and Money 191
Chapter 10: Personal, Wealth Algorithm_ 196
The Relationship Between Collective Principles and Individual Values 197
Collective Principles 198
P1: Wealth of Money and Investment 198
P2: Wealth of Health, and Quality of Life 199
P3: Wealth of Knowledge, Status, and Influence 200
P4: Wealth of Time, Energy and Experience 201
P5: Wealth of Relationships, with Self and Others 202
Individual Values 203
Individualistic & Collective Culture_ 206
The Relationship Between Principles, Values and Wealth_ 208
Personal Wealth Algorithm_ 210
Using Principles and Values to Prioritize Goals 210
Personal, Practical Application_ 212
Chapter 11: Personal, Renewable Resources 216
The Relationship Between Environmental and Personal, Renewable Resources 216
Environmental, Renewable Resources 217
Non-Renewable Energy 218
Renewable Energy 219
Personal, Renewable Resources 221
Attaining Your Wealth Goals 222
Superpowers 223
Inside, Out 224
External, Renewable Resources 226
Where Wealth Begins 228
About the Author
Index
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.
