Why you’ll own nothing by 2030, not even your pets / Money Magazine

Imagine a world where you didn’t own “stuff”, but instead chose to rent or share everything with your community. That includes your car, kitchen utensils, caravan, space and even your pets. Welcome to the future, with experts predicting that by 2030 we will become an “asset light” society.

“We have now become an experiential society,” says Morris Miselowski, an Australian business futurist.

“Whilst post-war baby boomers saw value in the assets they owned, Millennials are putting more value on new experiences to boost happiness over owning assets.

“This is due to the rising cost of living and also, along with the rest of society, we now have more choice than previous generations.”

Centuries ago before monetisation, communities would trade their assets and services to survive,  Miselowski says.

This concept has been revived in modern day with the rapidly growing sharing economy or, what some might know as the gig economy.

Still in its infancy, the sharing economy is already worth $2.6 billion helping 92,400 people make an income in NSW alone.

“Already we are seeing a massive change in the way we consume,” says Steve Orenstein, co-founder of The Sharing Hub, Australia’s first sharing economy accelerator.

“Traditionally we have been a consumerist society that’s about passive consumption; however individuals are now being empowered to make and save money through the sharing economy.”

With Uber and Airbnb paving the way for the sharing economy in Australia, there are some homegrown platforms that have become increasingly popular in Australia.

“Pet sharing platforms like Mad Paws, that connects pet sitters and dog walkers with pet owners, has become a popular way for people to make money, while owners can seek more affordable care. Also Zoom2u is another ‘service’ sharing economy where instead of couriering people, you can deliver parcels to make up to $2000 a week,” says Orenstein.

With space coming at a premium, it has also become a tradable commodity with Spacer.com.au helping Australians to make money off their spare garage, driveway and attic, along with Camplify, that is also helping people make money by renting out their idle caravan, motorhome and campervan so Australians can enjoy more affordable road trips.

The future, what’s next? 

With more Australians choosing to share to become more efficient, culturally over the next 12 years this is set to evolve. This includes the start of us living in multi-generational homes, more of us becoming digital nomads and becoming citizens of the world.

“Centuries ago families would live in multi-generational homes. With the cost of living rising, homes will soon be built to home different generations, so grandparents, children and grandchildren all live under one roof. This will also include a working area, as more of us don’t see the need to commute to work, saves costs and is more convenient,” Miselowski says.

Part of this experiential society is based on happiness.

This includes instead of being stuck at a desk, more of us working in environments that suit our personal preferences to boost productivity.

Mainly only civil servants will need to have 9 – 5 jobs in the future, while more of us work flexible hours to become citizens of the world, where we own less to live more.

Crowdsourcing 101 / ABC Townsville

crowd1Can you really get someone to walk your dog for free? was the question that kicked off this chat with Micheal Clarke of ABC Townsville. It all started with a media release from DogShare that got Michael to ask “what is crowdsourcing and is it here to stay?”.

Crowdsourcing in Australia is a $10 billion industry sector growing to $335 billion by 2020, so I guess it’s here to stay and is often also  known as the sharing economy, peer to peer and the collaborative economy.

In its purest form it is a digital marketplace that allows those that have to share, rent or offer to those that want. Some of its largest brands are Uber, Airbnb, Facebook and Alibaba all multi billion dollar global giants who do not own any physical assets in their chosen category, but instead make their money and reputation by connecting those that do own it, with those that want it.

This speaks to a new era where experience is more important than ownership, where business no longer has to have and own everything and where collaborations, joint ventures, partnerships and sharing are part of doing business and living life.

Have a listen now (8 mins 38 secs) and then add your favourite crowd sharing site or example to the growing list


 

 

Looking at 2014 through sunshine

2014-02-08 08.29.06Queensland’s Gold Coast makes everything looker brighter and that’s even true of chatting about my 2014’s major trends with Nicole Dyer at ABC Gold Coast radio.

In our regular catch up Nicole and I chatted about the year ahead, about the growing phenomena of crowdfunding and crowdsourcing; about new food trends including frekah;  peek a boo panels in women’s clothes; new tech ahead; 3D printing; online social media and communication including dispelling fears around snapchat and all things 2014.

Have a listen now and share your thoughts on the year ahead.

 

Unlearn the Future – Morris Live at TEDx Melbourne

To have the TEDx stage for 18 minutes is a privilege and an honor. To use this global platform to tell the story of my family’s past, to introduce my ancestors who have not been spoken of or seen in over 70 years to a worldwide audience that they could never have imagined and to combine all of this with my love of the infinite possibilities of the future and what we must each do to allow these opportunities into our lives is a gift that I will cherish forever – thank you!!

I would love you to watch it, like it and leave a comment to let me know what you see ahead and what excess baggage you’re leaving behind to make room for the future and an enormous thank you to the 1,000+ people that watched it within the first 24 hours of it being put up on YouTube.

The Future of Education, Technology, People & Innovation

In our regular look ahead James Lush of ABC Perth and I looked at what’s over the horizon for:

Education
– students will have 6 distinct careers, 14 jobs and live 100+ years; 60% of the job tasks they will do in the next 10 years have not been created yet; the traditional 3r’s – reading, writing, arithmetic- are great foundations, but our kids also need the 3 C’s – communication, collaboration and creative problem solving.

Technology – we have only just begun our technological journey and haven’t seen anything yet; and the imminent rise of the Internet of Things.

People – what will living to 120 mean?; will man and machine meld to the point where it is hard to recognise where flesh ends and machine starts?

Innovation – how Collaborative, Crowdsourcing and Co-create is changing the way we work play and live and why innovation is now a constant in our everyday world.

This is a great interview touching on lot’s of tomorrow’s horizon questions so have a listen now and let me know what you think tomorrow’s big questions are.

It’s good to be back

This weeks segment marks my sixth year on 6PR Perth radio and we kicked off with Jason Jordan and I talking about the world of possibilities that exist online and offered through our nearly 7 billion people on this planet.

We chatted about CrowdFunding and the ability to get loans and investors for your projects, ideas and brands. It is the online equivalent of traditional joint venture partners, angel investors or hitting up your family for your great can’t lose world changing business idea.

We also chatted about CrowdIdeas and the growing online industry that let’s you pay other people to do your thinking; before wrapping up talking about that enormous industry of CrowdBuying or buying online.

All in all a great start to the summer season of FutureTech.

Listen to the segment now

and listen live each Sunday at 4.20 p.m. (WST)

What’s Crowdsourcing all about?

Morris Miselowski’s Crowdsourcing Interview on BTalk

What does outsourcing, insourcing and swarming have to do with crowdsourcing? Lots.

Phil Dobbie of BTalk on BNET and I talk about a whole new way of getting things done. If you need an expert or an extra set of hands to perform a task, then crowdsource it.

As you’ll hear, in many cases the crowd is being used to create a solution they ultimately buy — even to the extent of building a motor vehicle. It’s given rise to the term “prosumer”.

BTalk on BNET Episode 591; 11 minutes 12)

ABC Radio Australia – FutureTech Segment – 25th June 2010

Google’s equivalent of Where’s Wally; Crowdsourcing – what is it, why is and why I need to know about it and the raging topic of the week Kevin Rudd’s exit as Prime Minister all feature in this weeks FutureTech segment, as I join Phil live in the ABC radio studio, Jeremy in Singapore and Phil Whelan broadcasting on HK3 in Hong Kong.

Listen to this weeks segment now, or listen each Friday at 11.20 a.m. (Aust EST) and join me on Twitter for in between news and views from the future.