Turn Your Digital Wallet into a Money Machine

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You don't realize it but there's a fortune in your wallet right now.

What? You don't see it? That's because you're looking in the wrong wallet.

Take out your cell phone. In your hand right now is your financial future if you want to get rich.

Your smartphone is about to become your new "digital wallet."

When it comes to your credit, your investments, your banking relationships, how you shop, how you are marketed to and how you pay for everything, your new digital wallet will be at the center of it all.

Understanding what kind of hardware your wallet takes, who delivers your digital services, and understanding your relationship to digital money will be the keys to making a bundle off of it all.

In fact, as the race to shape the future of e-commerce and e-payments develops, fortunes will be made by investing in the companies destined to be big winners in this fast-growing trend.

With that in mind, here's a snapshot of what's here now, where the trend is headed and how you can ride this phenomenal wave all the way to your own private beach.

The Rise of the Digital Wallet

First, you have to realize that you don't use a lot of cash-even though you think you do.

The truth is the whole world is using less and less cash.

On the low end, Swedes transact commerce in cash only 3% of the time. Europeans pay with cash 9% of the time. And Americans pay in cash only 7% of the time.

The rest of the time we're using credit cards, debit cards, prepaid cards, checks, coupons, the Internet, and increasingly, cellphones.

There are several reasons why we're using cash less.

Join the conversation. Click here to jump to comments…

About the Author

Shah Gilani is the Event Trading Specialist for Money Map Press. He provides specific trading recommendations in Capital Wave Forecast, where he predicts gigantic "waves" of money forming and shows you how to play them for the biggest gains. In Short-Side Fortunes, Shah shows the "little guy" how to make massive size gains – sometimes in a single day – by flipping large asset classes like stocks, bonds, commodities, ETFs and more. He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.

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  1. Vicki Huska | April 16, 2012

    How do I invest in Strike Force?

    • Rick G | April 17, 2012

      Hello Vicki,

      Assuming you're referring to the trading service offered by Money Map Press,

      go to moneymappress.com, click on the "Visitors" button if you're not a member.

      Then you can select "trading services" along the top of the page or scroll down to the list

      of services on the right side of the page. Click on Strike Force and it will take you to the

      promo page for that service. Hope that helps.

      All the best,

      Rick G

  2. snkkv3@gmail.com | April 16, 2012

    Where do I start?

  3. John Poindexter | April 16, 2012

    Please subscribe me to Moondday Morning

  4. G. Oikonomidis | April 17, 2012

    I just read "Turn Your Digital Wallet into a Money Machine" of April 16, 2012 by Shah Gilani.

    I suggest that you visit http://gobanknoteless.wordpress.com/ and find a proposal aiming to facilitate the use of digital wallet throughout European and other developed countries' economies.
    The whole idea is to abolish the use of banknotes while still using coins. It is too simple but it makes the difference compared either versus waiting for a voluntary total use of "plastic" money or versus eliminating the convenience of small cash transactions.

    Thus, I think it would be much easier to make the transition.

    I ' d be glad to hear your comments. There is a Greek text first and then follows in English.

    Thank you

  5. Gioia | May 16, 2012

    I would like to receive Money Morning Newsletter

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