The Online Investing AI Blog

Pic by beachpiks on Flickr

The best of the best. That’s what the Olympics is supposed to be about.

But it’s also about inspiration. When we see a perfectly executed triple axle, or a record-breaking slalom run, maybe we’re not ready to strap on the skates and skis, but we might be inspired to achieve another slightly less death-defying goal in our own field.

As a blogger, I feel the same inspiration. When I read some of my favorite blogs I realize I won’t be able to match the performance of these writers, but I feel inspired to try.

So, if blogging were a sport, and if this week was the start of the personal financial blogging Olympics, here are posts that would receive perfect scores:

Read more…

Investing, Money, Online Investing AI, Success blogs, Links, Money, personal finance, posts, roundup, wealth

Mondays stink.

Unless, of course, you develop residual streams of income. Then, Monday is just another day to earn money.

Residual income is derived from products and services that you work on once and they continue to generate income–perpetually. The internet has opened up more residual income streams than ever. Before, rent and royalties were about the only types of residual income stream available to the common person.

New residual income products and services include:

• eBooks
• Affiliate sales
• Blogs
• Web advertising
• Contextual ads
• Invention royalties
• Video and podcasting seminars

And there are a lot more. To learn more, you can check out the following sites, all of which specialize–in one form or another–in the creation of residual income.

Read more…

Business Strategy, Internet, Money, Online Investing AI, Success blogs, ebooks, freedom, job, monday, Money, personal finance, personal financial freedom, residual income, royalties, wealth singularity, work

Pic courtesy s_husson @ Flickr CC

I’ll start off our weekly collection of wise posts with a question: why do we call these “lessons.” Aren’t you learning more? Then, shouldn’t the right word be more-ons… oh, maybe that explains it.

Anyways, I’ve scoured the web this week to find some of the best posts on investing and making money. And some other personal financial topics, too.  Please feel free to peruse and click.

Also, I get email after email asking me: why didn’t you include my post? “I’m wise,” they say. “I’m interesting. Validate me.” I just want to tell both of you that I included the posts this week. Sheesh.

If, however, you believe your post was wrongly rejected by my scientifically-powered roundup, please include the link in the comment section.

Read more…

Accelerating Technology, Automated Trading, Business Strategy, Internet, Investing, Money, Online Investing AI, US Economy blogs, finance, fiscal, Money, posts, roundup, summary, weekly, wisdom

They say money can’t buy you happiness; but it can put a nice down payment on it.

If there’s one thing I’ve learned this week, it’s that trying to seek true happiness and fulfillment without financial freedom is nearly impossible and is more likely a result of chance, rather than strategy.

Spending and saving, investing, and mental attitude are integral to financial freedom.  Fortunately, we live in times where that information is free, readily accessed, and is almost continually updated and debated.

In this edition of Weekly Wisdom, we’ll pass on links that will help you on your way to financial freedom.

Read more…

Accelerating Technology, Automated Trading, Business Strategy, Dreams Come True, Internet, Investing, Money, Online Investing AI, Success, US Economy blogs, financial freedom, fiscal, independence, Links, Money, roundup, saving, spending, wealth

Last week, I sent a quick New Year’s note to three of my favorite authors, Tim Sanders (Love is the Killer App),  Dan Pink (Johnny Bunko),  and Leonard Mlodinow (The Drunkard’s Walk). And guess what? Within an hour, all three had responded. How awesome is that!

So, that really got me thinking. The Internet has made two way communication not only possible  but fast. In the olden days, people would send letters by mail written by hand or computer. I think the vast majority of authors did not have the time or energy to respond to nearly all of this mail.

But times have changed. Now it is quick, easy and free. So authors can quickly and easily have two way communication with their audience.

Read more…

Accelerating Technology, Great Books, Internet blogs, books, communication, connection, dan pink, Internet, leonard mlodinow, newspapers, technology, tim sanders, twitter

One interesting thing I have noticed recently is difference in thinking between people who work for themselves (or own a company) and people who work for others. It is a difference in “can do” vs. “have to”.

As an employee, it is easy to fall into the habit of thinking in terms of “have to”. “I have to go to work at 9AM everyday. I have to work until I’m 65 years old. I have to sit in traffic because that’s how I go to work.” We are focus on the things that we have to do, and forget to think about how to improve the situation.

Read more…

Dreams Come True, Internet, Success blogs, business, employee, entrepreneur, motivation, self employed, Success

casey serin @ Flickr

Big fan of Robert Kiyosaki here.

I believe the underlying message of his books is that there’s a difference between wealth creators and wage earners. I also think that society conditions us to spend and earn ourselves poor, not rich.

But, the key to financial independence is that there’s no such thing as a guru. Generation X Finance says that the author of Rich Dad/Poor Dad is guilty of over-reaching when he attacks the 401(K) system as “the biggest scam ever.”

Gen X Finance certainly makes a case, but is a little less generous than my allegations. I say the article is an over-reach. Gen X Finance claims Kiyosaki is off his rocker. (Again.)

Ouch.

Let’s look at both sides.

Read more…

Great Books, Investing, Money, Online Investing AI, US Economy 401 K, author, blogs, guru, Investing, investment, Rich dad poor dad, Robert kiyosaki

We had some good news on the employment front this week. Sorta.

It looks like the rate of people losing their jobs has slowed. It’s only sorta bad because, if you’re one of those people who lost a job–no matter how slow the rate is–it’s still a scary time. But, once the shock has worn off, the newly jobless often say the moment they lost their position was the best moment of their lives.

They learned to stand on their own. They learned to trust themselves. They opened up the window to new skills and new ways to make money.

If you’re one of those people, here’s a week’s worth of articles and posts to help you through this transition period.

Read more…

Business Strategy, Dreams Come True, Internet, Money, Online Investing AI, US Economy articles, blog, blogs, jobless, jobs, posts, surviving, thriving, unemployment, weekly wisdom

Personal Financial Freedom doesn’t have to be all about skimping on food and skipping baths (not recommended) to save money. It can be about learning how to be a rock star, or finding resources for passive income. It’s also about getting advice on the future financial picture out there: recovery, recession, depression?

Those are just some of the tidbits of info I found during my scouring of the web to find articles and posts that can help us become financially free.

Here’s this week’s collection:

Read more…

Accelerating Technology, Business Strategy, Internet, Investing, Money, Online Investing AI, US Economy advice, articles, blogs, financial freedom, Money, posts, wealth

The news is dominated by stories about how rising unemployment, layoffs, and falling markets are causing massive pain for millions of people. The media assumes that everyone is powerless to improve their situation, and that they are at the mercy of their employer and the economy.

I don’t know if that’s really the most constructive approach. Yes, we are affected by the economy, but how it affects us is our choice. We can find fear and despair in “bad” news, or we can find a way to make it work for us. Yes, it’s true that many businesses are disappearing because they cannot compete in this economy. But, it is also true that as competition is reduced, the strongest and best companies will flourish, regardless of the economic climate.

Case in point, my friend Steve at My Wife Quite Her Job. Steve and his wife launched their online store two years ago, and have seen great success and profits. For the first half of this year, when the economy was “bad”, their profits rose 72%, year over year. So that leads to an interesting question. Why is it that their store is doing great, and other businesses are going bankrupt?

Read more…

Business Strategy, Dreams Come True, Success, US Economy blogs, ebooks, economy, Investing, Money, my wife quit her job, recession, Steve, strategy, Success