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.

Sharing economy: Why we will barely own anything in the future / news.com.au, ABC Far North

reprinted from Daily Telegraph, Herald Sun, Courier Mail, NT Times, New Zealand Herald,  Adelaide Now, Balonne Beacon, Queensland Times,

a list of Australia’s beet sharing sites are at the bottom of this story.

IN 2030, if we need a ball gown, a grandparent to babysit our kids or a screwdriver to repair damage at home, we’ll simply go online, pay a small fee and borrow one.

Most of us won’t own cars, holiday homes or work at the same office everyday. Our houses won’t be filled with stuff we rarely use.

Many of our daily functions will be outsourced for a small fee, with all these interactions controlled through our smartphones.

These are the predictions of business futurist Morris Miselowski, who argues the sharing economy will soon facilitate most of our daily interactions.

“We used to amass things just in case, but we don’t have to anymore, because we can find the things we need when we need them quite easily and comfortably, through the sharing economy,” Mr Miselowski told news.com.au.

“It’s become difficult for many people to own an asset or aspire to own an asset. They just can’t afford it,” Mr Miselowski said.

“A lawnmower, the holiday home, the car … we won’t have to buy these things. We’ll just rent them and then we can still have the experience.”

It doesn’t make financial sense to own a bunch of things that you rarely used, says Steve Orenstein, CEO of Share Hub, a start-up accelerator for Australian sharing economy businesses. Some of its members include Airtasker, storage marketplace Spacer, car sharing service Car Next Door, pet-sitting service Mad Paws and Camplify, a caravan-sharing community.

“It doesn’t make sense to own these really large assets anymore and our platforms are making these really accessible to Australian consumers,” Mr Orenstein told news.com.au

“From a cost effective point of view and a flexibility point of view, you’re helping people make smart use of their money and using things only when you actually need them,” Mr Orenstein said.

Here’s a list of some the ways the sharing economy will soon be involved in our lives.

DELIVERY: “The supermarkets and the arrival of Amazon will bring mass delivery everywhere. But people will also be looking for short term, swift deliveries,” Mr Miselowski said.

“People who have a spare back seat or boot will pick up goods and services for people and deliver them. It could be groceries, it could be anything.”

STORAGE: “Services like Spacer let people who have a garage, or an extra car spot, or even a cupboard, rent it out,” Mr Miselowski said

“The biggest storage company in 10 years time won’t be the traditional storage company. They’re too far away for most people. Imagine being able to store your stuff at your neighbour’s place?”

ADVERTISING: “People are willing to have their car wrapped with advertising for a fee. That will soon become the norm,” he said.

MONEY: “People are doing away with the usual money players like the banks, and lending money peer-to-peer will soon become the norm,” he said.

COOKING: “There are lots of people who will come and cook for you at their home or yours,” Mr Miselowski said.

“Food delivery services are skyrocketing and there is already an app for people to connect with home cooks in their neighbourhood.”

CLOTHES: “There are already lots of sites where you can hire special occasion wear, and this will soon expand to other parts of the wardrobe,” he said.

WORKING: “Full time work will turn into task-based work. We are seeing a fundamental shift in business. Part time work was always seen as a negative thing, because it was what you did when you couldn’t get full time work. But now many people make a living out of it,” Mr Miselowski said

“So when those people are doing these tasks, someone will say ‘I have an office with an extra desk available’ and they’ll rent out that desk, not dissimilar to how hairdressers rent out any extra chairs they have.”

TOOLS: “When you need a hammer or a screwdriver, you can just find a neighbour that you can rent one from, instead of keeping an entire full toolkit in your garage, that only gets used a few times a year,” Mr Miselowski said

GRANDPARENTS: “This is a quirky one, but families who don’t have that extra support or a grandparent, can hire one. It fosters social connectedness and provides that much needed support for families,” Mr Miselowski said.

for full story click here

for a list of some of Australia’s best sharing economy sites click here

and listen to Morris’s chat with ABC Far North’s Phil Staley on the Sharing Economy, recorded live on Monday 25th September (11 mins 32 secs:):


 

In the future who will you trust? / ABC Far North

Trust is a basic human emotion that helps us discern, make sense of and prioritise our world and those around us.

Since our existence we have taken our trust cues from our tribe, our elders, our families and our friends, all others outside of this default circle have had to earn, gain and maintain trust knowing it was fragile and once broken was difficult, if not impossible, to earn back.

Trust was hard enough when we could look each other in the eye, but now that we’ve on-boarded our lives into a digital world, where our cyber reach goes beyond our physical network and where we are constantly called on to meet virtual strangers and assess their reputation, opportunities and offerings all with any historical or clan reference or network to base it on.

The sharing economy, that allows us to barter with strangers for goods, services and tasks is a prime example of where the need for trust is imperative, but where our old trust formulas and methods don’t quite work and neither do the new artificial user rating systems.

In this week’s on-air chat with ABC Far North’s Phil Staley and I explore the notion of the sharing economy, what it is and raft of examples of what we can ” share” as well as the trust economy, and how digital reputation is built and maintained and why reputation is the ultimate personal currency of the near future and beyond.

Listen now (11 mins 20 secs)…

The beer economy / ABC NSW Local

tooheys_new_sunscreen What’s an old Mercedes-Benz worth? 50 cases of wild turkey bourbon (or about $16,500 @ 6 bottles per carton x $55 each), if you’re selling it on one of the many beer economy Facebook secret groups that are springing up.

A Facebook secret group is an invite only collection of people usually around a common interest like religion, politics, causes, education, schools, hobbies, interests, local community etc and in this growing digital trend numerous  secret groups have sprung up in every state of Australia blending secret groups with the collaboration economy philosophy to pay for services and products with alcohol.

The ATO of course is not happy, nor are the various Liquor Licencing Boards which see it as sale of alcohol without a licence, but apart from this you can get your house painted, car fixed, dog walked, groceries bought or anything else you can think of by offering to pay for it in liquor, and if you’re not to sure if you’re offering enough grog, don’t worry many groups use the wonderful quote from the film The Castle “your dreamin'” to let you know you’re way of price.

These groups seem to have been spurred on by the 2010 Toohey’s TV commercial, in which chores and jobs were quoted in cases of beer

A really interesting spin of an age-old habit of paying for things with alcohol, that dates back to our earliest Australian settlers being paid in rum for their work and long before that with numerous examples of alcohol being used for currency in civilizations throughout the millenniums and even seen as recently as last year on Channel 9’s The Block where to get things done often the contestants would pay in beer (and I’m sure those who accepted the slabs will include them as income earned in this years tax return).

Listen now to my chat with ABC Local’s Fi Poole (6 mins 41 secs) and then let me know (I promise not to tell) which secret Facebook sites you belong to.

The sharing economy is dead. Long live the online marketplace / ABC Perth

collaborative honeycombWith current global sales of $110 billion rising to $335 billion in 2025 there’s obviously a growing online marketplace, but referring to is the sharing economy does it no service, in fact it only confuses the debate.

The sharing economy / collaborative economy / peer-to-peer or whatever other title you give it, to many people has connotations of hippies, communists, people allowing others to use their things for free or for barter and belies the trends that underpins this new online movement, but very old human activity.

The core notion is that I have something that I’m not using right now, so I’m happy for you to borrow it, but this is where it gets murky because as pure as the desire for people to share their “toys” the reality is that the vast majority of offerings are real businesses wanting to make real money profits.

Behind the scenes the past decade has bought a perfect storm for this old movement to resurrect itself as many of us increasingly feel we don’t have the money to own something, but would still like to use it or do it; where we feel that we don’t all need to own one and cause more environmental harm when we could just take turns and a growing group of people who have detached themselves from the need to own something to prove their self-worth and importance and instead would rather just do it or borrow it now.

What’s behind all of this is simple digital connectivity, you can now let lots and lots of people know that you have something that they can use or borrow and they can now easily find and connect with you to organise it and on the other side of the equation, if you need something you can look further afield to find it or borrow it.

So, lets drop the term sharing economy and just stick with the real game. There’s stuff that some people own and the stuff that some people want and there;s now a really easy way to connect the two.

This was the thread for my chat with of ABC Perth as we unraveled and made sense of the new online marketplace aka the sharing economy and looked at some great examples and uses.

So have a listen now (15 minutes 46 seconds)…

Sharing is the Future of Everything / ABC Local Nightlife

ABC_Nightlife_23_June_15Everything old is new again and in my regular segment on ABC ‘s Nightlife with Tony Delroy we continued our look at the Future of Work by exploring what impact living a dynamic life may have and how the sharing economy and casualised work are going to be a vital part of tomorrow’s work, doing, having and using world.

Our chat started by exploring the future of work, the reality that as we move into the next decade and beyond many of us will be living a dynamic life where the boundaries between work, life, family and play will be blurred with each taking place where and when is most appropriate, rather then waiting for one to finish at a preordained designated time before moving on to the other.

Our life is already a “hot mess”. The fallacies of work life balance and being able to compartmentalise ourselves to only do work, only play, just be with our family and have 100% rest time, never really worked and moving forward will not work.

It is impossible to totally block out the rest of our life from what we’re doing right now. Technology, by our choice, gives us nowhere to hide with 24/7 contact the norm and the world now able to reach us wherever and whenever we are.

Added to this is the notion that as we move forward we will have a portfolio approach to work, with perhaps one central source of income (akin to a career) and then around the sides we will do lots of other activities including additional income activities, family engagements, community work and play – research conducted by Edelman Berland shows 30% of Australians have already embraced this lifestyle.

In tandem with this new dynamic fluid life this comes the notion of the sharing economy where we don’t need to own something to use it, instead we can share it – right now it’s a $15 billion global industry and in 10 years will be a $335bn industry sector.

This burgeoning sharing industry supports beautifully this new dynamic life concept as it moves us away from the notion of having to accumulate assets and then enjoying them to the new paradigm of being able to earn enough to use or share the car, the house, the holiday, the tools, the food or whatever else we may want to have and also making additional income by allowing others to share our assets and toys.

Every sector of our economy will be bitten by the sharing bug and we will see new spins on old industries grow to accommodate this growing desire to share rather than own.

Tim Fung CEO of Airtasker joined us in studio to talk about his online business matching those that need everyday tasks done with those willing to do them. In this online marketplace we can find people to mow lawns; carry out repairs; wait at our home for the repairman when we can’t; have someone fly from Sydney to Texas to pick up and bring back an engagement ring and hundreds of other one-off tasks.

In this new marketplace one of the most oft raised concerns of not knowing who you’re engaging, is in fact one of its greatest strengths. Not so long ago the Yellow Pages and newspapers ads told you who was available, but it didn’t tell you what they done before or connect you with a community of previous users.

In this new online space past experiences and actions are stored and these cumulative real world interactions give you insights into a persons past from which to make a hiring decision.

We also looked at other quirky sharing economy examples including various car sharing schemes including car next door as well as airBnB, Uber, Bag Borrow and Steal, Open Shed and MamaBake amongst many other.

Our listeners joined us and soon took to Uber in their calls with those against and for coming out of the woodwork. Lots of comments from callers including Terry claiming Uber was an international conspiracy aimed at smashing the global taxi industry and replacing it with autonomous cars, through to Fatish a current Uber driver who uses it as a way to make some money while he looks for a full time job and averages $30 per hour.

Great conversation, passionate callers and a debate we have to have, so have a listen now and then let me know your thoughts on living a dynamic life and the sharing economy. (44 minutes 46 seconds)

Your mother’s right, it’s good to share

sharing economyThere is a digital and burgeoning offline movement towards working together and sharing resources, rather than doing it all and owning it all and three (3) of the major movements in this new non-ownership meme are known as collaboration, co creation and the sharing economy.

In this week’s on-air discussion David Dowsett of ABC radio Wide Bay and I take a look at how to have “stuff” without owning it, or how to get more use and profit out of “stuff’ you own but aren’t using to its full capacity

It is not a communist or hippie throwback, but rather a twist on doing, having, renting and borrowing.

We took a quick tour through some websites and apps that collaboratively design t-shirts, jewellery, cars, solve scientific conundrums, seek funding for inventions, borrow homes, find local people to guide you around tourist destinations, short-term usage of people’s cars, borrow their dogs, rent space in their garages and homes and many other things you might need, but don’t want to own.

This collaborative mindset is also spreading itself into boardroom thinking by not only influencing resource ownership, but also in opening the possibility to co-creating products, services and business activities.

Take a listen now…