Index
- A
- Abilities, status and, 104–105
- Account, units of, 7, 12–14
- Accredited investors, 70
- Achievements, 104–105, 111, 151
- Active income, 61
- Adjustable‐rate mortgages, 27
- Advertising, 122
- Affiliations, 106–107, 111
- AIG, 28
- Alive, feeling, 124
- Alternative investments, 69–70
- Amazon, 65
- American Psychological Association, 86
- Ammous, Saifedean, 14
- Antiquated wealth paradigm, 3, 6, 19, 153
- Apollo Global Management, 72
- Apple, 22, 91
- Apple Pay, 65
- Apple watch, 83–84
- Archetypal spirit animals, 45
- Archetypes, company and individual, 109
- Aristotle, 4, 99
- Arizona, 38
- ARK Invest, 72
- Aron, Arthur, 131
- Arrogance, 22, 30
- Associations, status and, 105–107
- Attention, 120–121
- Attention economy, 118, 122–123, 128
- Augmented‐reality advertising, 122
- Australia, 38
- Authenticity, 105, 109–110, 138, 149
- Authority, 149
- Autonomy, 55
- B
- Baby boomers, 21, 23, 31, 32, 35–36, 64
- Bad experiences, 126
- Banks, 9–10, 14, 27, 28, 118
- Bartering economy, 15–16, 18
- Baseline relationship, with self, 130
- Beard, Charles A., 15
- Bear Sterns, 28
- Beatles, 90
- Beliefs, 165
- Bhatia, Nik, 14
- Bilyeu, Tom, 56
- Biometric data, 83
- Bitcoin, 12–14, 64, 66, 74, 100
- Blockchain, 2, 63, 73–77
- Blockchain Research Institute, 74
- Bloomberg Wealth, 31
- Bonding, shared experience for, 124
- Books, as external resources, 167
- Borrowing, 25
- Boston Consulting Group, 29
- Brand, 43, 56, 108–110, 138
- Brand ambassadors, 110
- Branson, Sir Richard, 105
- Bristol, Claude M., 130
- Brooklyn, N.Y., 37
- Buddha, 90
- Bumble, 46, 138
- Business, relationship capital in, 136
- C
- Calendars, 114, 121
- Canada, 152
- Capital gains, 61
- Captain Planet (TV show), 160
- Carbon dioxide, 161
- Career advancement, 42
- Carlyle Group, 72
- Carnegie, Dale, 111
- Car ownership, 32, 127
- Carr, Caleb, 98
- Carrey, Jim, 135
- Case‐Shiller Index, 28
- Cash on hand, 66
- Catholicism, 141
- CBDCs (central bank digital currencies), 14–15
- Celebrity brand ambassadors, 111
- Cell phones, 22–23, 118–121
- Central bank digital currencies (CBDCs), 14–15
- Central banks, 11
- Challenges, to build strength, 167
- Charity, 135
- Checks (paper), 9
- Chicago, Ill., 37
- Children, having, 31, 137
- China, 152
- Choice, 54, 59, 78, 138–139, 150
- Choice overload, 139
- Christensen, Clayton M., 108
- Chronic stress, 86
- Churchill, Winston, 81
- Clocks, 114
- Closeness, 131
- Coins, 8–9, 11
- Collective health, 56
- Collectivist cultures, 151–152
- Commission fees, 68
- Commodity Futures Trading Commission, 13
- Commodity money, 8–9, 13
- Commonweal (term), 5
- Commonwealth, 6, 77
- Communication, permanence of, 135–136
- Commuting, 93
- Companies, archetypes of, 109
- Compounding, 54, 55, 60, 76–77, 116, 118
- Conformity, 109
- Connection, 89, 94, 124, 129, 132–134
- Consent to marry, 140–141
- Conspicuous consumption, 107
- Consumer interest rates, 24
- Consumers, paradox of choice for, 138–139
- Consumer spending, GDP, 40
- Conversation, 133–135
- Convertibility, of money, 10
- Cost of living, 32
- Counterfeit money, 8–9, 11
- Country club membership, 106
- Covey, Stephen M. R., 136
- Covid‐19 pandemic:
- dating app use in, 137–138
- discussions about wealth transfer during, 36
- emotional upheaval in, 42
- financial effects of, 31–32
- goals and values in, 156–158
- and Great Migration, 36–39, 93
- and Great Resignation, 40–42
- health concerns and practices in, 55, 83
- individualism vs. collectivism in, 151
- membership clubs after, 106
- mental health after, 86–87
- and new wealth paradigm, 2
- relationships with others in, 132
- reprioritizing value in, 52, 91
- stressful change related to, 120
- Cowry shells, 7–8
- Creation and creativity, 94, 102
- Creator economy, 2, 62–64, 75, 94, 127–128
- Credit, of subprime borrowers, 26
- Cryptocurrency, 66, 73–74, 76. See also Bitcoin
- Cryptography, 73–74
- Culture, 22, 140–142, 151–152
- Curiosity, 103
- Currency, 10–12, 14–15
- Customized health regimes, 83
- Cyclical patterns in life, 57
- D
- Dalai Lama, 97
- Dartmouth College, 111
- Darwin, Charles, 46
- Data mining, 123
- Dating, 46, 136–139
- Decentralized finance (DeFi), 74–77
- Decision making:
- Deep work, 122
- Deloitte, 31, 69
- Democratization, 70–72, 74, 82, 84, 95, 99
- Department of Health and Human Services (HHS), 81
- Depreciation, 65, 124
- Derivative investments, 27
- Dewey, John, 164
- Dhliwayo, Matshona, 110
- Dickens, Charles, 113
- Differentiation of wealth, 140
- Digital community, influence in, 109
- Digital currency, 11–15
- Digital Darwinism, 43, 46–47
- Digital economy, 18–19
- Digital ledger, 76
- Digital money, 14–15
- Digital Natives, see Millennials
- Digital wallets, 66, 75
- Digitization, 71, 84–85
- Dispenza, Joe, 86
- Disrespect, 42
- Distractions, 166
- Distribution platforms, 63
- Diversification, 62, 72
- Dividends, 62
- Division of labor, 17–18
- Divorce, 141
- Do it yourself investors, 69
- Domingo, Carlos, 75
- Donut effect, 38, 93
- Dot‐com bubble (2001), 24–26
- Double coincidence of wants, 15–16
- Dow Industrial Average, 28
- Dowry, 140
- Dropp, Kyle, 111
- Drucker, Peter, 102
- Durability, of money, 7–9, 12, 13
- E
- eBusiness, 18
- Echo Boomers, see Millennials
- eCommerce, 18
- Economic cycles, 57
- Economic prosperity (surviving), 99–100
- Economy. See also specific types, e.g.: Creator economy
- Education, status based on, 104–105
- Efficiency, 9, 16, 17, 119
- 80/20 rule, 121–122
- Einstein, Albert, 31, 54, 77, 114, 127, 158
- Electronic money, 11–12
- Ellevest, 70–72
- Email, 135
- Emerson, Ralph Waldo, 43
- Empathy, 165
- Employer and employee loyalty, 60–61
- Empowerment, 46, 62, 69, 76, 102, 123, 147, 163
- Endorsements, 111
- Energy, 54, 81–82, 113, 114, 119–122, 134, 161–163
- England, 5, 28–29, 105
- Enjoyment, 130
- Entitlement, 22, 31
- Entrepreneurial spirit animals, 44–46
- Entrepreneurship, 2, 44, 53, 61, 67–69, 77, 92, 104–105
- Environmental movement, 160–163
- Environmental, renewable resources, 160–163
- Environmental, social, and governance (ESG) issues, 72–73, 76
- Epicurus, 92
- Ernst & Young, 72, 95
- ESG (environmental, social, and governance) issues, 72–73, 76
- Ethical sourcing, 76
- E*TRADE, 68
- Exchange, 7, 12–14, 139–140
- Exercise, physical, 81
- Experience economy, 115, 127–128
- Experiences, 65, 114, 123–126, 130–131, 149
- Exploration, 105
- Exponential wealth, 77
- External, renewable resources, 167–168
- Extraordinary experiences, 123–126, 131
- F
- Facebook, 122
- Family, 130, 140–141
- Fear of missing out (FOMO), 124, 139
- Federal government, 10, 14, 28
- Federal Reserve (Fed), 24, 28, 38
- Fed Funds Rate, 24
- Feedback, in conversation, 134
- Ferriss, Tim, 118
- Fiat money, 10–11
- Fidelity, 53, 68
- Financial information, access to, 98–99, 102
- Financial security, 31, 45, 66, 146
- Financial technologies (fintech), 71
- Financial wealth. See also Wealth creation
- accumulation of, 54–55
- democratization of, 70–72
- differentiation of, 140
- generational, 64
- health, quality of life, and, 79–80
- investment and, 60, 67
- knowledge, influence, status, and, 98
- money, economy, and, 3–4, 19, 59
- Pareto Principle for distribution of, 121
- personal concept of, 146
- personal experience with, 1–2
- relationships and, 130
- status and, 105
- time, energy, experiences, and, 114
- and value, 2
- and values, xiii, 1
- Fintech (financial technologies), 71
- First principles thinking, 4–5, 145
- 5 Principles of Invisible Wealth. See also specific principles
- Fixed rate mortgages, 26
- Flipping, real estate, 25
- Florida, 38
- Forbes Business Development Council, 134
- Forces of nature, 160
- Fossil fuels, 161
- 4 Stone Chambers, 29
- Fractionalization, of investment, 75
- Freedom, 54, 59, 78, 157, 158
- Free market, 16
- Friends and friendships, 110, 111, 139
- Fulfillment, 92
- Fuller, Richard Buckminster, 101
- G
- Gamification, 94
- Gaming industry, 94–95
- GDP (gross domestic product), 40
- Generational wealth, 64
- Generation Me, see Millennials
- Generation Rent, see Millennials
- Generation Y, see Millennials
- Generation Z (Gen Z), 31, 40–42, 62, 111, 120
- Gig economy, 62, 92, 94
- Goals, 100, 122, 153, 156–158, 163–164
- Gold, 8–10, 161
- Goldman Sachs, 84
- Goods, in digital economy, 18
- Google, 23, 166
- Grant, Adam, 57
- Gratin, 141
- Great Depression (1929), 24
- Great Migration, 36–40, 52, 67, 93
- Great Recession (2008), 21, 24–29, 31, 42
- Great Resignation, 2, 40–42, 67, 92, 115, 164
- Great Restructuring, 42–47, 67, 103, 109
- Great Wealth Transfer, 32, 35–36, 77
- Greeks, ancient, 107
- Greene, Robert, 103
- Grocery list metaphor, for values, 151
- Gross domestic product (GDP), 40
- Growth trajectory, entrepreneurs,' 45
- H
- Happiness, 82, 124, 129, 133, 158, 166
- Health, 6, 55–56, 64, 79–92, 99, 119, 148
- Healthcare, 55–56, 84
- Herd, Whitney Wolfe, 46
- Herophilus, 80
- HHS (Department of Health and Human Services), 81
- Hofstede, Gert Jan, 152
- Home ownership, 25–26, 31, 38–39, 137
- Human capital, 43, 103
- Humility, 112, 139
- Hunter‐gatherer society, status in, 103
- Huxley, Aldous, 90
- Hybrid work, 93
- I
- IBM, 22, 101
- Identity, personal brand and, 109
- Income, 61–62, 66, 67, 80, 104, 117–118
- Inconspicuous consumption, 107
- Individual (personal) brand, 56, 109, 138
- Individualist cultures, 140–142, 151–152
- Individuals, archetypes of, 109
- Individuation, 140–142
- Industrial economy, 102
- Inflation, 11, 27, 32, 60
- Influence, 54, 56, 98, 108–110, 113, 148–149
- Influencer economy, 110–112, 128
- Information, 98–99, 102, 134, 167–168
- Inheritance, 21, 64
- Innovation, 26–27, 59, 77, 78, 94, 101–102, 151
- Inspiration, 57
- Instagram, 107, 110, 122
- Intangible assets, 2, 50, 53, 65, 106, 117, 128, 169
- Integrity, 81
- Intellectual property, 52
- Interest (financial), 62
- Interest rates, 24–28, 38
- Interests (personal), profession and, 17
- Internet, 18, 22–23, 61, 68, 99, 101, 108–109. See also Web3
- Interpersonal relationships, 23, 58, 107, 130, 132–140, 149–150
- Inter vivos gifts, 39
- Intimacy, 131–132
- Intrinsic value of money, 8, 10
- Intuition, 98, 105, 132–133, 148–150, 166
- Investment, 54, 60, 67–78, 147–148
- Investment income, 62
- Invisible hand of free market, 16
- Invisible health, 85
- Invisible wealth, 2, 49, 52–53, 80–82. See also 5 Principles of Invisible Wealth
- Ivy League schools, 104
- L
- Language, as technology, 166
- Lao Tzu, 126, 131
- Legal tender, 11, 14
- Lehman Brothers Holding Inc., 28, 29
- Lehman Brothers International, 29
- Leverage, 168
- Life (ordinary) experiences, 123, 125–126
- Lifespan, 115
- Local community, 109
- Local money, 9
- Location agnosticism, 14, 42, 55, 93
- London, England, 106
- London, Jack, 30
- Longevity, 81–82, 93
- Los Angeles, Calif., 37
- Loyalty, employer/employee, 60–61
- LSD, 90
- Luxury goods, 108
- Lydia, Kingdom of, 8
- M
- Macintosh, 22
- Maintenance, of material objects, 124
- Marcos, Imelda, 15
- Marcus Aurelius, 32, 49, 52, 78, 91, 115
- Market, profession and, 16
- Marriage, 31, 137, 140–142
- M&As (mergers and acquisitions), 47
- Maslow, Abraham, 125
- Massachusetts Bar Examination, 29–30
- Mastery, 131
- Materialism, 65, 67, 150–151
- MBSs (mortgage‐backed securities), 26–27
- McKinsey, 91, 124
- McLuhan, Marshall, 102
- Meaningful life, 45, 56, 88, 110, 117
- Media diet, 88
- Meditation, 89–90
- Medium of exchange, 7, 12, 14, 16
- Membership clubs, 106
- Mental health, 55, 85–88, 99
- Mental models, 99
- Mentorship, 135, 167
- Mergers and acquisitions (M&As), 47
- Mescaline, 90
- Meta‐communication, 137
- Metaverse, 127
- Mexico, 152
- Miami, Fla., 51, 57, 152
- Microsoft, 22
- Middle‐class, marriage for, 141
- Millennials, 21–33
- cell phone use by, 120
- compensation for, 41
- in creator economy, 63
- dating for, 136, 137
- economic influence of, 32–33
- ESG investing by, 73
- in experience economy, 123–124
- financial landscape for, 30–32
- generational characteristics, 22
- Great Recession for, 24–31
- in Great Resignation, 40–42
- hallmarks of adulthood for, 31, 137, 141
- job prospects for, 28–30
- methods of making money for, 45, 62
- student loan debt for, 1, 24
- technology used by, 18, 22–23, 31, 84
- wealth transfer to, 21, 35–36, 39, 64
- Millionaires, Great Migration for, 38
- Mind‐body connection, 85
- Minimalism, 51, 65, 115
- Monetary policy, 10
- Monetary value of time, 116–117
- Monetization, 91, 95, 98, 106, 109, 111, 121
- Money:
- debasement of, 10
- functions of, 7–8
- importance of health vs., 79
- investment, wealth, and, 54, 60, 67
- making, 60–61
- and marriage, 140–142
- and relationships, 136–137
- saving, 66–67
- and security, freedom, choice, 54, 59
- spending, 64–66
- time value of, 116–118
- types of, 8–15
- wealth, economy, and, 3–4, 19, 59
- work, economy and, 16–18
- P
- Paper money, 9–11
- Paradox of choice, 138–139, 150
- Pareto Principle, 121–122
- Pareto, Vilfredo, 121
- Passive income, 61, 117–118
- Peak experiences, 57, 125
- Peer‐to‐peer transactions, 63, 74
- Pension, 61
- Perel, Esther, 130, 133, 139
- Personal brand, 108–110, 138
- Personal computer, 22
- Personal computers, 23
- Personal development, 136
- Personal growth, 58, 99, 131
- Personalization, 83, 143, 146–148
- Personal power, 57, 112
- Personal, renewable resources, 158, 160, 163–165, 167
- Personal wealth algorithm, 144–158, 163–164
- Peterson, Jordan, 98, 134, 145, 151
- Peters, Tom, 109
- Physical health, 55, 82–85
- Plato, 112
- Play, 94–95
- Podcasts, 167
- Portability, of money, 8–9, 12, 14
- Positive contribution, 134
- Positive thoughts, 89
- Power, 57, 112, 165
- Preqin, 69
- Prime Rate, 24
- Princeton University, 111
- Principles, 147–149, 156
- Private equity, 75
- Private market investment, 69–71, 75
- Processing power, 166
- Production, optimization of, 18
- Productivity, 40, 81, 119, 121, 147
- Professions, 17, 100
- Proust, Marcel, 126
- Psilocybin, 90
- Psychedelic therapies, 90–91
- Public market investment, 68–69
- Puorto, Simone, 127
- Purpose, 45
- R
- Ramana Maharshi, 132
- Ravikant, Naval, 57, 100, 117
- Real estate, 25–27, 32
- Rebranding, 43
- Reflection, 125, 131
- Refrigeration, 118
- Relatability, 111
- Relationship capitalTM, 58, 136
- Relationships, as resources, 54. See also Interpersonal relationships
- Relevancy, 129, 135, 137, 150
- Remote‐treatment monitoring, 84
- Remote work, 40, 42, 51, 93, 106
- Renewable energy, 162–163
- Renewable resources, 159–169
- Rental income, 62
- Representative money, 9–10
- Resiliency, 30
- Reskilling, 43
- Responsibility toward others, 157–158
- Retail investors, 68–69, 71–72, 147
- Retirement, 31, 61
- Return on investment, 53, 69, 124
- Ride shares, 32
- Risk management, 62
- Robbins, Tony, 118
- Robinhood, 68, 71, 75
- Robo‐advisors, 71
- Rogers, Will, 126
- Romans, ancient, 107
- Roubini, Nouriel, 27
- Rumi, 143
- Rural areas, migration to, 37–38
- S
- Sadhguru, 125, 166
- Safety, 54, 59, 78
- Saint‐Exupéry, Antoine de, 142
- Satoshi (unit), 13
- Saving, 66–67, 69, 116
- Scarcity, 7, 13, 162
- Schwartz, Barry, 138
- Schwartz, Evan I, 46
- SEC (Securities and Exchange Commission), 71
- Second homes, 38
- Second jobs, 31
- Securities and Exchange Commission (SEC), 71
- Securitize, 75
- Security, sense of, 54, 59
- Self, 81–82, 97, 130–132, 149
- Self‐actualization, 142
- Self‐improvement, 58, 150
- Self‐inquiry, 125, 132, 150
- Self‐knowledge, 130–132, 148, 164
- Self‐orientation, 21
- Seneca, 33, 136, 150
- Sequencing of events, 114
- Services, 18, 65
- Shabbat dinner, 133
- Shared experiences, 124, 125, 127
- Sharing economy, 32, 126
- Shaw, George Bernard, 95
- Short message service (SMS) text messages, 23, 135
- Sick days, 80
- Side hustles, 61, 62
- Simon, Herbert, 122
- Singapore, 38
- Single‐tasking, 121
- Skills, profession based on, 17
- Sleep, 83, 121
- Small business owners, 44, 105
- Smart contracts, 75
- Smith, Adam, 6, 8, 16–19, 36, 101
- SMS text messages, 23, 135
- Social media, 46, 55, 56, 88, 93, 107, 110, 112, 120, 124
- Social responsibility, 110
- Social status, see Status
- Soho House, 106
- Solar energy, 162
- Solitude, 125, 131
- South Carolina, 38
- Spain, 40
- Specialization, 17, 100, 136
- Spending, 36, 64–66, 123, 127, 146
- S&P 500 Index, 28
- Spirit, defined, 88–89
- Spiritual health, 55, 88–90
- Standard setting, 139
- Stanford University, 111
- State‐chartered banks, 10
- Status, 54, 56, 98, 103–108, 113, 139, 148–149
- Status symbols, 107–108
- Stockbrokers, 68
- Stock market, 25, 68
- Stores of value, 7, 12, 13
- Strategic alliance, marriage for, 140
- Strengths, 164, 167
- Stress, 86–88, 120, 157
- Stress bucket model, 87
- Student loan debt, 1, 24
- Suarez, Francis, 51, 57
- Subjectivity, 99, 153, 156
- Subprime mortgages, 26–28
- Substack, 100
- Suburban areas, migration to, 37–38
- Superficiality, 110
- Supply chain transparency, 76
- Sustainable investing, 72–73, 76
- Sweden, 152
- T
- Tangible status symbols, 106
- Technology. See also specific types
- adaptation to, 46–47
- addiction to, 55, 85
- in creator economy, 62
- for democratization of wealth, 71
- in experience economy, 127–128
- to improve health, 55–56, 84, 90, 148
- in millennials' lifetimes, 18, 22–23, 31
- and new wealth paradigm, 168
- pace of advancement in, 100
- and relationships, 135–136
- to remove distractions, 166
- as source of stress, 86, 88
- and time/energy, 114–115, 118–121, 149–150
- at work, 40, 93, 101
- Telehealth, 84, 148
- Tesla, 107
- Texas, 38
- Text messages, 23, 135
- The Doors (band), 90
- Theory of Evolution, 46
- Thoreau, Henry David, 65, 114, 121, 153
- TikTok, 107
- Time, 54, 57, 113–128, 148–149
- Time value of money, 116–118
- Time‐versus‐money dilemma, 116
- Tinder, 138
- Titan, 71–72
- Toxic relationships, 140
- Transactional relationships, 139–140
- Transparency, with blockchain, 76
- Travel, spending on, 64–66
- Trust, 9, 14, 74–77, 136
- Twain, Mark, 24
- Twitter, 107, 135
- V
- Value (quantitative), 35–47
- of fiat money, 11
- in Great Migration, 36–40
- in Great Resignation, 40–42
- in Great Restructuring, 42–47
- Great Wealth Transfer and, 35–36
- of influence, 108
- money as expression of, 7, 16, 64
- in new wealth paradigm, 168
- reprioritization of, 32, 51–52, 91
- status and, 103
- stores of, 7, 12, 13
- of tangibles vs. intangibles, 64–66
- and utility, 99
- and wealth, 2, 49
- Value creation, 53, 104–105
- Value proposition, of individual, 109
- Values (qualitative):
- branding that demonstrates, 109–110
- changes in, 145
- cultural influences on, 151
- and decision making, 158
- defined, 145
- for entrepreneurial spirit animals, 46
- identifying your, 153–155
- in personal wealth algorithm, 151, 153–156
- principles and, 146, 154–155
- reprioritization based on, 32, 91–92
- shared, 93
- underpinning decentralized finance, 76
- and wealth, xiii, 1
- and wealth, xiii, 146
- W
- Wages, 32, 41–42
- Walker, Margaret, 58, 136
- Weal (term), 5, 80
- Wealth (generally). See also Invisible wealth; New wealth paradigm
- Wealth creation:
- Wealthfront, 71
- wealth, money, and, 3–4, 19, 59
- Wealth of health and quality of life (P2), 79–95, 143
- Wealth of relationships with self and others (P5), 129–143
- Wealthy (term), 5
- Wearable technology, 55, 83, 148, 157
- Web3, 64, 75, 123
- Weber, Max, 107
- WebMD, 84
- Well‐being, 6, 19, 39, 79. See also Wealth of health and quality of life (P2)
- Wellness market, 91
- Wind energy, 162
- Wisdom, 98, 113, 126, 168
- Wood, Cathie, 72
- Wood, Gavin, 63
- Work–life balance, 45
- World Economic Forum, 36
- World Health Organization, 151–152
- World War II, 101
- World Wide Web, 18, 22, 23
- Y
- YouTube, 100
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