... a beginner at something

Technology Jumps Save Money

Every now and then some game-changing technology appears and diffuses through society according to Rogers' curve. Or my own interpretation of it.

Take refrigerators, for example. Introduced widely in 1998, inverters doubled energy efficiency, cut energy consumption in half. At prices for electricity and fridges in Japan, you could throw out your old fridge, buy a brand new one and break even on that investment in seven years. I did.

That efficiency is more than free. Beyond the break-even time it pays dividends.

Now, did people mildly interested in a new fridge run out and buy a new one? No, they didn't. Why? Few understand the implications when the label says the product consumes 600 kWh per year when measured according to XYZ standard. My prior fridge would have consumed 1200kWh, had it been measured to the same standard. These 600kWh saved each year is what pays the new fridge - if you keep it for seven years or longer.

Which is the right efficiency product for you right now depends on your specific life circumstances, and a lifetime cost of ownership calculation, plus a risk factor because your life plans may change or new technology may leapfrog prior achievements and offer even more efficiency.

The Future of Money Project

Could not have said it better than the team that gelled around @VenessaMiemis and @gabrielshalom:

What are young adults thinking about money and value? How can we create new systems of wealth generation and abundance? What does the future hold for banks and other financial institutions in the wake of massive peer to peer exchange?

“The Future of Money” begins a conversation on these topics and invites your participation (twitter hashtag #futureofmoney)

 

The Future of Money from KS12 on Vimeo.

The video premiere was yesterday within the innovation opening keynote of the SIBOS 2010 financial industry conference.

 

Very proud to be investing in the process, with special thanks to these fine people who made it possible.

Update: here is what brought me to support the makers. Audio from the skype interview with Venessa, Gabriel and Patrizia.

Executive Producer 30270079

 

Tectonic shift is just beginning. Join the conversation! #futureofmoney

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