The metaverse will change our lives, but it won’t be all at once. If you are old enough to remember, the internet didn’t change our lives in a few years. It took more than 10-20 years for us to reap the rewards of the digital age.
Some significant internet milestones were gaining access to modems (versus dial-up) and the iPhone release in June 2007. Having the internet in our pocket was the true game-changer.
Once we were always connected, that’s when social media began to take shape. Sending photos to each other via phone messages was taboo until the iPhone. Heck, I remember backing up my photos to a physical spinning hard drive in 2008.
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Get to the point, Josh. Okay, okay. I am reminiscing, but for a reason. The rollout of the metaverse will be very similar to the internet. Things will start small, then the killer application (its version of the iPhone release) will hit.
That doesn’t mean that we have to wait until mainstream adoption before involving ourselves. As a matter of fact, it’s quite the opposite. As entrepreneurs and investors, this is the time to strike.
Involving ourselves in the metaverse doesn’t mean buying risky virtual land or creating crappy NFTs. No, we need only learn, then make small, calculated moves.
As I wrote in “Multi-Generational Investing,” the things that made others rich are still viable today. You can become wealthy from dividends, royalties, and rental income.
Keep doing what you are doing, but keep an eye out for new investments and categories. Opportunities like real estate tokenization might be good to invest a small sum of money.
The 5% speculation rule. You should have a nice investing regime that includes dividends, real estate, and business. You can also keep 5-10% of your overall portfolio for speculation. Today, the metaverse falls into the speculation category.
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Yes, if you go all in, you could make a huge fortune. Or, you could lose a huge fortune. Remember to protect your capital at all costs. Keeping the 5% speculation rule intact, let’s look at life in the metaverse.
Life in the Metaverse. Luckily, I have been writing about the metaverse over the last three months. I have been reading books about the metaverse, cryptocurrencies, and decentralized finance. Here are my prior articles in the Metaverse 101 series.
- The Metaverse 101: Enter the Metaverse
- The Metaverse 102: Real Estate in the Metaverse
- The Metaverse 103: Business in the Metaverse
- The Metaverse 104: Education in the Metaverse
- The Metaverse 105: Employment in the Metaverse
- The Metaverse 106: Relationships in the Metaverse
- The Metaverse 107: Friendships in the Metaverse
- The Metaverse 108: Fitness in the Metaverse
- The Metaverse 109: Content Creation in the Metaverse
Whew, as you can see, we can live our entire lives in the metaverse. But how will the metaverse look daily?
The daily routine. It’s far too early to see how the metaverse will shape our daily lives. The main reason is that technology won’t support our lifestyles in the next 3-5 years. We can’t wear these heavy goggles for more than 1-3 hours at a time.
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My son has an Oculus Rift, and he can play for about an hour before he has to take a break. For the metaverse to become mainstream, we will need to survive inside for at least 4 to 5 hours.
If our work, entertainment, relationships, and fitness all take place inside the metaverse, we will need light, flexible, inexpensive equipment.
I’m sure companies are already working on these new peripherals as we speak. So, let’s assume that we have lightweight glasses that transport us into the metaverse; what’s next?
The future of our metaverse lives. We will spend 4-6 hours a day in the metaverse. It may sound like a lot of time, but remember, we can forgo our commute times. Today, we drive everywhere: the gym, work, and vacation.
We can cut out the commute and spend that time in the safety of our own homes. Will our jobs transfer over to the metaverse? Yes, jobs will move over to the metaverse (sort of).
We will still have to attend work physically from time to time, but it will be very intentional. Today, we don’t value our time with other humans in physical space. After the metaverse, each time we meet in person will be a celebration.
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Togetherness. I think the main draw of the metaverse will be the importance of our physical presence. Today, we go to work and gyms like zombies. We don’t want to be at work, deal with other people, or add value—we just want our paychecks.
Soon, all of our zombie work can be done in the metaverse. We can meet our friends to watch the game inside the metaverse. However, on the rare occasion that we attend the game together at the stadium, we truly appreciate each other.
As much as we think we don’t need each other, the metaverse will put us on a course back towards unity and togetherness. It sounds counter-intuitive, but this will be the case.
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Commodities. We also have to understand that our interactions in the metaverse will make us commodities. Our information and personal data are precious to giant corporations.
I hope you know that we are already commodities in the social media and internet spaces. That’s why Facebook and YouTube can offer us these excellent services for free; they are collecting our data.
The metaverse will bring even more data transfer to the corporations. Everything we say and do will be on their servers. This will create a paradigm of security in real life. If you need to talk to someone secretly, you will do it in person.
Embrace metaverse life, but be your own person. The metaverse will make you a zombie if you let it. The next time you go to the doctor’s office, do me a favor. Look around at all the zombies staring at their phones?
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Have you ever seen a couple on a date playing on their individual phones? They aren’t even talking to each other. That’s how big corporations want you to conduct yourselves.
The metaverse will be a massive transfer of wealth between the producers and consumers. If you are a content creator, you stand to make a good chunk of change in the metaverse. If you consume content, ensure you have your digital wallets ready.
If you buy NFT clothes, shoes, and furniture, you will spend a lot of money. This will be “The Sims 4,” but in real life. As cool as it is to buy digital goods, ensure you have a tight budget for spending.
The NFT craze shows us that these things can quickly get out of hand. I just finished a book on keeping a tidy home called “The Life-Changing Magic of Tidying Up.” We will have to keep our new digital homes clean as well.
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Conclusion. We are moving into the digital age, and people must use this to their advantage. There has never been a better time to make money from home.
The metaverse will change the shape of humanity, but will it change your life? If you want to jump in and buy expensive NFTs and wear cool clothes, perhaps it won’t change your life.
If you jump in and create unique content and experiences by adding value to others, you will have a prosperous life ahead of you. We have had the information at our fingertips for over ten years now. Did you use it to better yourself?
Now, we will be able to travel the world from our living rooms, how will you use it to improve your lifestyle? What innovation will YOU bring to the metaverse?
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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