What is Wealth Engineering?
A couple of years ago I realized I was a wealth engineer.
I came to this realization while working on one of our family office’s “wealth engines” — essentially any interest we have that has the potential for capital appreciation, current return or my personal favorite: both.
The problem was explaining what that title meant to my partners and friends.
They barely knew what I meant whenever I excitedly talked about building a new wealth engine, or upgrading some component on an existing engine, and the obligatory (from my perspective) discussion of whatever efficiency or output gains I was geeking out about.
To help organize this idea I launched WealthSystems.ai and started documenting the design and operation of wealth systems.
We totally nailed the “document the design” part of the brief. We started by explaining what a wealth engine is and why you must build one, then we looked at 5 engine architectures in dedicated series:
Wealth Engine #1: Passive Income
Wealth …
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