14 Comments

  1. Robert Prescott
    January 5, 2018 @ 6:16 am

    It is amazing how the once mighty big retail stores are either downsizing or even going out of business. I attribute this to automation. When more and more jobs performed by humans can be replaced by robotics and automatic machines, the human workforce shrinks.

    Have you ever seen the inside of some of the Amazon processing centers? In addition to the huge network of conveyor belts, many of the forklifts that retrieve the products from the warehouse are driven by themselves. And Amazon is soon to be delivering small packages via drones.

    But the one major form of sales that will keep a company growing instead of shrinking is the online marketing of their products. Selling via the internet is far more lucrative and economical than people actually walking into a store to make a purchase. Hopefully Macy’s will invest more in its online presence to preserve its brand name.

    Reply

    • Eddie
      January 5, 2018 @ 12:57 pm

      Yes @Robert ..

      The internet will bring even more opportunities in online marketing. With the integration of virtual reality it is going to be more important than even to stay ahead of the trends to reach their target markets. I am confident Macy’s will recover and adapt in time.

      Reply

  2. Jude
    January 5, 2018 @ 7:37 am

    Hi Eddie,

    Excellent post and a great way to take stock before we plunge into 2018. The golf course analogy was spot on and with technology exploding at the rate it is now, we really have to challenge old mindsets of what will work. Hard work alone is a given, there is no debate on that but technology brings along disruption and the early adopters will stand a better chance of riding that wave instead of being engulfed by it. I love your article. Best Wishes 2018!

    Reply

    • Eddie
      January 5, 2018 @ 12:59 pm

      Jude,

      Thank you for your interest in the article. You are spot on with your comment about the opportunities to make an impact in these massive changes. The only way to stay ahead is to embrace them.

      Reply

  3. Jo Morris
    January 5, 2018 @ 11:38 am

    Hiya and thanks for such an enlightening post. I happen to have been watching the Black Mirror series on Netflix and you are so right about how all of these things are not far away! Black Mirror is especially good because you start every episode thinking “How great it would be to live in a world like that!” and end every episode thinking “Please let that never happen!”

    You are right about preparing for the future too, and learning to sustain ourselves. Thank you.

    Reply

    • Eddie
      January 5, 2018 @ 1:15 pm

      Jo,

      I am glad you enjoyed the article. Haha.. That is so true about Black Mirror. It takes a bit of a twist on every episode and I am sure there will be moral dilemmas that will have to be addressed as we come across these technologies. We are already seeing some of them in stem cell research and even some of the pioneers of these changes like Stephen Hawking and Elon Mush are not in agreement about the results of human augmentation. Just take a look at this article from Time.com.. http://time.com/3614349/artificial-intelligence-singularity-stephen-hawking-elon-musk/

      Reply

  4. Clark
    January 5, 2018 @ 12:20 pm

    You’ve outlined a pretty grim situation here. I have heard a bit of these as well, that a lot of manpower are going to be replaced by machines in the future. What do you think of online marketing? It used to be THE way to financial freedom but is it becoming obsolete as well, or will it still be around in say, the next 30 years?

    Reply

    • Eddie
      January 5, 2018 @ 2:06 pm

      Clark,

      I agree there are some grim details about the future but we are also talking about extending our average life spans by decades. Imagine having stem cell reconstruction mini bots in you that can regenerate skin, brain, and trauma-affected cells in your body. That is amazing!

      As far as online marketing, we are emotional beings by nature and we have certain human needs that we must meet to feel fulfilled and most of us fulfill these needs by being materialistic whether we need to consume physical items or knowledge. We are curious beings so there will always be a market for products and services. Yes, most of the real world will soon be augmented but it all depends on where you stand on the issue.

      Are you going to be a primarily a consumer in this new market? Or are you going to be the next Elon Musk paving the way toward automated augmented marketing where all you have to do is imagine a big idea that will be produced and marketed by a simple thought? I’m talking brainwaves.. Do not think for a minute we will not be able to communicate without talking. All will be possible soon enough. This is why the time to get your ducks in a row financially is now..

      Reply

  5. Jacob
    January 5, 2018 @ 2:34 pm

    Very interesting article! I think you are right about our future and technology taking over. We see it everywhere. Good advice on preparing ahead of time too!

    Reply

    • Eddie
      January 5, 2018 @ 2:42 pm

      Thank you, Jacob. I have a passion for financial success in everyone and future and technology is inescapable. The best thing we can do is to get prepared.

      Reply

  6. Brandon
    January 6, 2018 @ 1:24 am

    Yes, technology is growing at an extremely fast rate, faster than we can actually keep up with it to be honest! It is both a blessing and a curse, because what if it gets into the wrong hands? Then what are we dealing with? We can only imagine…

    Anyway, with the rise of technology comes better and smarter apps at our disposal. I think apps are revolutionizing the way we live life. We can ALREADY tell Alexa to turn our lights off and on, open blinds, etc. I can’t wait for what’s next!

    Reply

    • Eddie
      January 6, 2018 @ 5:05 pm

      Brandon.

      I am just excited as you are to see what is next. I was thinking last night just what is next? Then I started asking how can I streamline the value I give on my blog. When I read your comment and how you mentioned Alexa I asked myself how to use that to improve my site. Its funny that my nine year old just asked and got Echo for X-mas. I know I can take notes and voice recordings on Evernote to create drafts on my blog but is that all? There has to be more. Let the brainstorming begin..

      Reply

  7. Alex Chong
    January 7, 2018 @ 2:51 am

    Interesting article and yes, like it or not we are seeing huge changes in many industries. Technology industries too need to keep changing and make tough decisions to stay relevant. Tough times!

    As you have mentioned, there are ways that we should be looking at to prepare for the next decade. I think changing your lifestyle to be more minimal can be one of the ways too!

    Reply

    • Eddie
      January 11, 2018 @ 2:41 pm

      Absolutely, Alex. Taking control of your money will be crucial moving forward and living a minimal lifestyle is a sustainable strategy. What would you say are some good ideas to prepare for the next decade in your point of view?

      Reply

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