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What Will The Currency Of The Future Be?

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Most people don’t think about what gives their money value. There’s just a general understanding that it’s vital for basic economic activity. Whether it involves simple bartering or complex cryptocurrencies, the assumptions are the same. Money is a measure of value and exchanging it is how we ascribe value to basic goods and services.

There are all sorts of economic and financial complexities that determine how money works. Rather than bemoan the issue, knowing I am not the least bit qualified to do so, I’d like to focus on the nature of money in the future. Having already given plenty of thought to advanced artificial intelligence, human enhancement, and intimacy, I think it makes sense to contemplate how it all affects our ideas about money.

By that, I’m not referring to current trends in digital currency and older trends within modern banking systems. I’m talking about what money will be in a future where people, resources, and our entire understanding of economics has rendered the existing system obsolete. If you don’t think that’ll ever happen, then I only request that you give some added scrutiny to the concept of money.

I often find myself scrutinizing it whenever I watch a bit too much sci-fi. Some of my favorite sci-fi movies and TV shows of all time don’t give much thought to money. In “Back To The Future II,” a world of flying cars and cheap fusion power still had money. Things were just exceedingly expensive due to inflation. A Pepsi cost around $50.

While inflation is a real force that was certainly present in the non-movie version 2015, it’s somewhat strange that it would get that excessive in a world where fusion power plants could fit into cars made in the mid-1980s. In the real world, advanced technology tends to counter inflation. Logistically, better technology means more efficiency. More efficiency means cheaper goods. Cheaper goods mean lower prices.

We can certainly forgive movies like “Back To The Future II” for failing to understand the economics of money. In addition, the technology of that world wasn’t so advanced that it undercut the foundations of society. However, the money systems in galaxy-spanning space operas can’t make those excuses.

Star Wars” still used some form of currency. It was necessary for Han Solo to pay his debts and for Luke to enlist his services to Alderaan. Other space-faring epics like “Mass Effect” and “Guardians of the Galaxy” have a form of currency that allows characters to be greedy and ruthless. Whether they’re called credits or units, the principles are the same.

There’s this vague concept of money. Everyone agrees that it has value, but there’s little information about why it has value. That’s not entirely flawed. It’s just no different than traditional fiat money, which nearly every modern society utilizes to some extent in the real world. The money isn’t backed by anything. People just collectively agree it’s worth what it says its worth.

Now, I’m not one of those conspiracy theorists who claim this form of money is part of a global conspiracy theory run by lizard people who may or may not have murdered John F. Kennedy. I don’t know enough about economics or finance to make sense of our current monetary system. All I know is that we have a system of money that works within the constraints of our current society.

Whatever you think of that system, there’s still a larger question worth asking. What will money look like in the future when some of those constraints disappear? To some extent, our current system requires that people be frail, products be flawed, and resources be scarce. Through certain advances, some of which may occur in the next 50 years, those limits may disappear.

What happens to money when we perfect advanced energy generation that makes electricity cheap, abundant, and clean?

What happens to money when people begin upgrading their bodies with advanced biotechnology and cybernetic implants?

What happens to money when nanotechnology advances to a point where the production and assembly of every conceivable good is dirt cheap?

What happens to money when advanced artificial intelligence gets to a point where it gets so intelligent that it can solve every conceivable problem and manage every conceivable issue perfectly?

What happens to money when our civilization gets to a point where we can just upload our minds into a perfect simulation where all our wants and needs are met on a whim? Regardless of whether you think we’re already in a simulation, the question surrounding money and what form it takes remains.

While it’s impossible to predict the cumulative impact of technology, especially the kind that subverts modern economic forces, I believe there will be some sort of currency in the future. Even if we perfect nanotechnology, artificial intelligence, and teleportation, I think it’s reasonable to conclude that we’ll need some system for exchanging goods, services, and overall value.

I also don’t think it’s reasonable to assume that our current fiat money would work. Just putting images on paper and using it as a token may not be practical in a society of advanced AI and immortal humans. These days, most of our money exists only as code in a computer and not as piles of paper or gold. I think for any form of money to work in a society of such technology, it needs to be backed by something.

Some sci-fi stories explore that concept. The movie, “In Time,” wasn’t that good, but the idea was intriguing. In that world, everybody is immortal and never ages past 25, but the system is such that the currency is measured in time. In a sense, a dollar is backed by a year of life as a healthy 25-year-old. For most people, that has plenty of value.

The rest of the movie is awful and I don’t recommend it, but it presents a novel, albeit dystopian concept. For that economic system to work, there has to be some sort of tyrannical power structure that has the ability to snuff someone’s life out the second they can’t pay. Even corrupt insurance companies aren’t that bad.

Then, there’s the Netflix series, “Altered Carbon,” which I highly recommend. That world also has a problem with massive wealth disparity, but not in the sense that rich people horde money in giant vaults. In this world, technology has advanced to the point where people can transfer their consciousness to different bodies the same way most people transfer files between computers.

In that world, the most precious assets are the best bodies. Being able to live in the body of Brad Pitt is inherently more valuable than living in the body of Danny DeVito. Much of society, from prisoners to billionaires, is divided by who has access to those bodies. In the story, the super-rich Bancroft family have that access and that’s what makes them so rich.

That kind of wealth may not show up as numbers on a balance sheet, but the value is there. Being able to produce, inhabit, and live within strong, beautiful bodies provides a powerful basis for any currency. Talk to anyone who has dealt with the effects of aging, which is pretty much everyone over the age of 25. Most would gladly pay a premium to live in a stronger, fitter body.

While “Altered Carbon” doesn’t get into the specifics of that system, the principle holds true. In a future where people aren’t bound by the limitations of biology or the human body, the greatest asset they can possess is a medium with which to experience life. A better medium means better experiences. Some companies today are already seeking to provide those experiences. Technology will simply change the methods.

Whether we end up in a simulated utopia or not, the experiences a currency affords us is what will give it value. Even though worlds like that of “Star Trek” present a world where money doesn’t exist, there is still plenty of value ascribed to life experiences. You may not be able to print that on a piece of paper or send that in a wire transfer, but that is still recognized as valuable.

I could still be wrong. Remember, I’m not an expert in money, nor can I predict the trends that future advances in technology will incur. Whatever form it takes, though, I expect that the overall goal will still be the same. We use money to pursue better, more rewarding life experiences. However we go about pursuing is, and always has been to some extent, the only true universal currency.

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How I Would Spend A Million Dollars (And NOT Go Broke)

We’ve all dreamed about it. We’ve all fantasized about it. In fact, other than having an army of naked bikini models or an army of Ryan Gosling clones, it’s probably one of our most frequent fantasies. What would we do if we suddenly became rich?

I know I’ve fantasized about it. Then again, I fantasize about a lot of things. It’s kind of necessary when you’re trying to be an erotica/romance writer. You need to be able to conjure the kinds of potent fantasies that make women need to change their panties and men wish they hadn’t worn such tight jeans. It’s a skill I’m developing and one from which I hope to gain greater success in the future.

Now I know the odds aren’t exactly in my favor right now. The odds of any writer of any genre, regardless of sex appeal, becoming as wealthy as Stephen King or Stephanie Meyer is right up there with scoring a date with Taylor Swift. However, with the recent interest I’ve attracted from publishers, those odds are improving. It’s not much, but any improvement is better than no improvement at this stage of my publishing career.

Even with the odds still not in my favor, I often find myself entertaining various scenarios on what I would do if one of my books became a best seller. Specifically, I often wonder what I would do with the money I make.

First off, I would not immediately get on the first flight to Las Vegas and spend three nights in a hot tub with five strippers, a keg of beer, a buffet of deep-fried Twinkies. Unless you’re a billionaire, that sort of thing is best left to pornos and low-budget skin flicks on Cinemax.

Second, it’s worth pointing out that a whopping 70 percent of lottery winners end up going bankrupt. On top of that, according to Sports Illustrated, over 60 percent of professional athletes go bankrupt after their careers are over. Even if you suck at math, you should know that those are not trivial figures.

Here’s a good way to illustrate that point: imagine you ordered your favorite pizza, but over two-thirds of it was eaten before it got delivered. That’s a lot of pizza you’re missing out on. Now imagine you were supposed to live off of that pizza. Losing over half of it now feels a lot more serious, doesn’t it?

So why does this happen? Who do people who strike it rich go broke? Well, it isn’t just a matter of owning pet Tigers, owing child support to multiple women for multiple children, investing in failed business ventures, or buying one too many cars, although that’s part of it. There’s a psychological component to it.

Unless you’re born rich or become rich through skilled business savvy, which only applies to a fraction of the population, you don’t know how to be rich. Yes, there is a certain amount of skill to being rich. Like any great talent, not everyone has it. As such, not everyone knows how to deal with it.

There’s even a psychological term for it. It’s called Sudden Wealth Syndrome and it’s pretty prevalent among lotto winners and professional athletes. When someone gets a sudden influx of wealth, it causes a great deal of stress because their brains aren’t wired to handle it. They’re so used to being not rich that it just feels off.

This is why it’s so easy for lotto winners and professional athletes to go broke. Their brains aren’t wired to see all this money the same way Bill Gates of Warren Buffet sees it. In some respects, they look at money the same way they look at milk. They need to spend it or it’ll expire.

That’s what leads them to just throw it away, giving it to friends or investing it in businesses that have the organization of a 6th grade science fair project. They don’t realize until it’s too late that money doesn’t go bad. It’s okay to actually save it and it’s possible to invest it in a way that’ll ensure you don’t need to dine on Ramen noodles and hot pockets.

Now to be fair, most people don’t know squat about finance or investing. It’s not a class public school teaches to kids at a young age. I get the sense that administrators understand that most kids in public schools aren’t going to strike it rich so it’s not worth the effort. It’s cynical, but understandable.

Given these odds and the tendency for non-rich people to piss their money away like an incontinent monkey, I’ve already crafted a plan on how I would invest a million dollars if I ever achieved that kind of success. This isn’t a fantasy. This is a plan. I may never get a chance to implement this plan, but like a condom, it’s better to have one and not need one rather than need one and not have one.

For this plan, I start with about a million ($1,000,000) dollars. I know Bill Gates can probably find that much money in his couch cushion, but it’s a nice even amount to work with. Since the human brain is terrible at dealing with large numbers, it helps to keep things even.

With this million, here are the simple steps of my plan. Any future lotto winners or professional athletes who want to follow this plan are welcome to do so. It’s free, it’s easy, and anyone who knows how to work a cell phone can do it.

Step 1: Pay off ALL the taxes first, if possible

This is, by far, the most important step anyone with money can take. The IRS is, in many respects, the ultimate dominatrix in that she’ll hurt you in ways you didn’t know were possible. You do not want to defy her.

Step 2: Set up an investing account with a reputable bank and pick one with the lowest fees

This is fairly easy for someone with money. If you have a million dollars, most banks will roll out the red carpet for you. Some will even waive certain fees if you have a lot of money in the account. Depositing a million dollars will usually get you a lot of leeway in that respect.

Step 3: Buy either an index fund (VFINX) or buy a blue-chip stock with a healthy dividend like Verizon, Exxon, or GE

The key here is not to buy a stock you’re going to sell for a quick turn around. The key here is to buy the stock and just basically forget about it. From here, you focus entirely on the dividends. They’re basically Wall Street’s version of masturbation. They’re the gift that keeps on giving.

Step 4: Build a budget around the dividends

From here on out, I focus on the monthly or quarterly dividends that the stock or index fund pays. With a million dollars, it’s usually not enough to just live in a mansion and never have to work again. You usually need several million for that. However, it’s still pretty considerable.

For example, let’s look at how $1,000,000 pays with buying Verizon. As of this posting, the dividend yield is %4.49. Do a little basic math and that comes out to $44,900 a year, which is paid out quarterly with four payments of $11,225 over the course of a year.

Take a breath now. That’s the most math you’ll need to do with this strategy. With this means is that you’ll have a yearly income of over $40,000 for doing absolutely nothing. It’s basically a slacker’s wet dream.

Now unless you want to dine on caviar and snort cocaine off a supermodel’s ass every week, you can budget $44,900 a year to live fairly comfortably. For me, this means taking that $11,225 quarterly dividend and budgeting it for three months at a time.

In most areas that aren’t New York City or San Francisco, you can find a decent home with decent amenities for that sum, plus utilities. That’s the ultimate endgame for this plan of mine. I invest the money in a way that gives me a passive income I can use to pay for the essentials, ensuring that any money I make beyond that is just icing on the cake.

There is one more step though and it’s also quite essential. If you followed the first step, then it should be easy to figure out.

Step 5: Pay all the necessary taxes associated with your investment and dividends

Again, it’s worth re-emphasizing how much you do not want to mess with the IRS. They don’t care if you take your money and throw it at a flock of pigeons. If you don’t give them their cut, they’re going to come after you and you will be in a world of legal trouble that no amount of money can make easier.

There you have it. That’s my plan if and when I ever become rich from either my publishing efforts, by winning the lottery, or by marrying Jennifer Lawrence, whichever comes first. I hope I get a chance to implement it one day. Until then, I hope others take the wise advice of Warren Buffet.

When it comes to money and investing, nobody can beat the market. The best you can do is not lose to it, but unlike gambling or sports, not losing can still be pretty damn profitable.

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Success, How To Get It, And What Nobody Tells You About It

We all want it. We all work our asses off to get it. We all go to great lengths, learning whatever we can and doing whatever we must, to achieve it. For many of us, it’s a lifelong obsession that can be both agonizing and exhilarating.

No, I’m not talking about sex for once. I’m talking about something that is often associated with sex, albeit indirectly. I’m talking about success. It’s a relevant thing to talk about for me. I’ve got my first non-self published book coming out this month and another in the works for next year. Sure, it’s not the kind of success that’ll have me swimming in a pool full of champagne, but it’s a start.

I write erotica/romance novels because I want to make a living doing this. I want this to be my career. Naturally, I want it to be a successful career. I want to be able to pay a mortgage and an electric bill with this career. I’m not there yet, but I’m hoping I’m on the right path. However, in pursuing this career, I’ve realized something about success that often gets overlooked.

Nobody has any goddamn clue how to achieve it.

Sure, there are self-help gurus, scam artists, and Gwyneth Paltrows out there claiming they have some sort of secret. They claim they know how to find success, seize it, and hold onto it. They make it sound so easy. They make it sound like the lottery winners who lose all their money have no excuses.

Well, as much as I despise excuses, there are exceptions when it comes to success. If you’re lucky, you don’t have to learn the hard way. For most people, they don’t even have to learn it. It’s just something you tend to realize through experience, but even when we realize it, we don’t want to put it into to words and for good reason. When you break down the components of success, it’s kind of depressing to say the least.

Now I don’t claim to know squat about success. If I did, I’d be sending signed copies of my novels to Jennifer Lawrence and Natalie Portman on a weekly basis. I only know what everybody knows to some extent, but refuses to acknowledge.

In that knowledge, we understand that success has three vital components.

  1. Having talent, which not everybody has
  2. Being willing to work, which not everybody is
  3. Having a certain amount of luck, which not everybody gets

It’s the giant caveat that grade school teachers and “Back To The Future” left out. We’re all told as kids that we can do anything we set our minds to. Doc Brown gave that advice to Marty McFly on more than one occasion. That works great in the movies. In real life, it has the same effect as rubbing goat piss on your feet.

Maybe it’s because we want to protect our children from the harsh realities of the world and I can understand that to some extent, but that doesn’t make those realities any less harsh. When it comes to success, we’re often at the mercy of forces beyond our control.

I’m not just talking about the luck aspect either. For some people, it doesn’t matter how determined or dedicated you are. You could wake up every morning at 4 a.m. and practice throwing a football until 3 a.m. You’ll still never be as good a quarterback as Tom Brady because he just has a unique talent for it.

The same goes for skills beyond throwing a football. You can be the most charismatic actor or actress in the world. You could have all the talent you need. However, if you don’t have the body of Jennifer Lawrence or the sex appeal of George Clooney, you’re not going to get the same chances. That talent just isn’t enough. It isn’t fair, but the real world has a knack for kicking fairness in the ass on a daily basis.

There are even people who do have immense talent, but they’re just not willing to work at it. We never hear about these people, but we probably know someone in our lives who has uncanny talent in something, but just chooses to do nothing with it. It’s tragic, but it’s another one of those forces that are beyond our control.

Even if we do have the sex appeal of George Clooney, the talent of Tom Brady, and the body of Jennifer Lawrence, there’s still that nasty thing called luck. This is, by far, the most frustrating component of success because it’s “kind of” random to some extent.

I say “kind of” because I’m not talking about the luck that involves lottery tickets, Las Vegas, or the NFL draft. Luck can be guided to some extent, but only to a point. Tom Brady was a 6th round draft pick that nobody thought could play as more than a backup. There were 31 other teams who had a chance to draft him, but didn’t. Instead, he ended up going to New England.

Whether by luck or toil, Brady ended up on a team with a coach and a system that perfectly complemented his talents. Would he have succeeded as much as he did if he went to another team? That’s hard to say, but most can’t see him doing what he did with the Cleveland Browns.

Sometimes we have to put ourselves in a position for luck to find us. Sometimes we have to gamble that the luck will be there if we seek it. It doesn’t always pay off, but again, it’s not like the lottery or Las Vegas.

This is where the advice of someone like Scott Adams, the Dilbert guy, comes into play again. He often says in his books that success likes to hide in the ashes of failure. When you take into account the three ingredients I mentioned earlier, that makes perfect sense.

The thing about the lottery is that you have to pay to play the game. As such, it’s set up so that the odds are so remote that the math is just never on your side. It’s how Las Vegas makes its money and how the lottery is a $70 billion industry. With most other forms of success, there’s no ticket to buy. It’s free to keep playing.

That’s the key to some extent. If something is free to play, then the math is suddenly on your side, no matter how remote the odds are. Play an unlimited amount of times and eventually, the most unlikely outcome will occur. This isn’t always possible for fields like acting, modeling, or basket weaving. However, it does help balance out the depressing outlook.

With publishing, the odds are against me. I don’t deny that. However, it’s another one of those games that’s free to play. Sure, it comes with a lot of rejection, but you can make the law of averages work for you.

Other writers have done just that. The book, Twilight, was rejected by 14 publishers before it got picked up. The hit show “Breaking Bad” was rejected by multiple networks, including HBO and FX, before getting picked up by AMC. Ironically, it seems as though there’s a lot of failure that goes into success.

I didn’t keep track of how many times I got rejected. I’d rather not sift through that many emails. However, I don’t use this as an excuse to get discouraged. I use this as an incentive to get better. That’s something else that teachers and after school specials never taught us as kids. We have to keep improving.

It kind of clashes with the whole message that, “You’re so great, no matter what anyone else says!” The truth is that we are all a work-in-progress. If we don’t keep improving at whatever we do, be it writing erotica/romance or learning to deep-fry a turkey, we’re not going to find success. We’re only going to fall into the same pit as those who think they have a chance at winning the lottery.

For the record, though, I do buy lottery tickets. I don’t buy many. I never spend more than pocket change on them, but again, the odds of playing are better than zero, which are the only odds you get if you don’t play.

Success is an unpredictable force and one that not everybody achieves in life. However, it is possible to put yourself in a position to experience it. It often takes more than your teachers and favorite movie stars ever told you, but it’s something worth pursuing. We only have one life to live, after all. Why not make the most of it?

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