After reading Rich Dad’s Guide to Investing In Gold and Silver
Consider this. When was the last time you paid for anything with a silver coin whose value was determined by the amount of silver in the coin? The answer is probably never. Because we don’t use silver or gold coins for exchange anymore. And, the reason is quite subtle. The government has replaced these coins with fiat currency such as dollars.
Do you have a problem with your personal financial picture?
Most people engage in problem-solving in a series of steps. They isolate the problem. Brainstorm several solutions. And then they try each solution until they arrive at one that seems to work.
But, often, the problems are so big and the solutions so varies, that they quit and go back to the status quo.
Chip and Dan Heath, authors of “Made to Stick
Bright spots are areas of success. You want to copy success, not solve problems, they say.
“A problem may look hopelessly complex. But there’s a game plan that can yield movement on even the toughest issues. And it starts with locating a bright spot — a ray of hope.”
Here’s how you can apply it to your finances.
Accelerating Technology, Great Books, Investing, Money, Online Investing AI, Success
I recently read Robert Kiyosaki’s latest book, Conspiracy of the Rich
One of the things he points out is that the government is diluting our money through inflation. And I think it’s true. After doing some research, I discovered that the CPI is not only inaccurate, but is designed to understate inflation. The government pays money to people and other governments based on the CPI. It pays money to people through programs such as social security. It pays other governments to repay the money that it has borrowed.
J @ Flickr
One of the themes of the Wealth Singularity is that wealth will no longer be earned. It will be created.
In other words, manufacturing and maintenance jobs won’t be the easiest ways to financial security (if they ever were). Real wealth will be generated by artists, inventors, and investors. This isn’t a new concept. Daniel Pink talks about it in his book A Whole New Mind
If you’re creative and are interested in inventing–an endeavor that we consider one of the paths to the Wealth Singularity–you have a lot of options. Unfortunately, the web has let in a lot of scam artists, who take would-be-inventors’ money and provide worthless patents and products.
Here are some of the most trustworthy resources on the web if you’re ready to stop being an idea person and start being an inventor.
Accelerating Technology, Dreams Come True, Internet, Online Investing AI, Success
Last week, I sent a quick New Year’s note to three of my favorite authors, Tim Sanders (Love is the Killer App
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.
You’re an economist.
Don’t believe it? You may be shocked.
Sure, you’re probably thinking that economists are geeky guys and gals who wear thick glasses and who scan spreadsheets looking for relationships between interest rates and egg production in Paraguay.
And while that description is exactly true, writer Tyler Cowen will show you that you use economic principles every day and offers weird roles that economics plays in your own life.
If you liked Freakonomics
Accelerating Technology, Great Books, Internet, Investing, Money, Online Investing AI, Success, US Economy
I read Leonard Mlodinow’s The Drunkard’s Walk
Here’s an example:
One day, not long ago my son Alexei came home and announced the grade on his most recent English essay. He had received a 93….I know him to be capable of better, I would have added that this grade was evidence that if he put in a little effort, he could score even higher next time….I considered the grade of 93 to be a shocking underestimation of the quality of the essay….In fact, the above episode is entirely about me, for it was I who wrote Alexei’s essay.
I just got Tim Ferriss’ The 4-Hour Workweek, Expanded and Updated version. I was a huge fan of the original version and read it twice. Now I am reading the new version and can honestly say that it is awesome!
What is so great about this book anyway? How has Tim been able to go from unknown to super successful overnight?
The great thing about writing a book about money-making technology is that you get a chance to read so many great books about wealth-making.
During research for The Wealth Singularity, we read dozens of books, blogs, and articles about how technology is creating new opportunities for wealth. And we’re really just at the beginning stages of this revolution.
One core concept of The Wealth Singularity is that you can make money anytime and anywhere. It’s often referred to as “passive income.” You do something once–write an article or a blog post, buy a dividend-producing stock, create an affiliate page, etc.–and the money keeps rolling in.
Our big discovery: You can use technology to continually churn out this passive income in multiple ways. Several authors and business leaders are literally writing the book about it.
Great Books, Investing, Money, Online Investing AI, US Economy
The summer reading season is in full swing and books on personal finance and business are hitting the shelves.
It’s easy to think that if you read one book on personal finance, you’ve read them all. But there’s another reason (at least for me) to keep your nose in a book, especially in turbulent economic times: inspiration.
You may know all the lessons… but might get a little lax about implementing them in your own life. So, it’s not a bad idea to pick up a book on a personal finance topic–entrepreneurship, saving money in tough times, stock trading, etc.–to keep motivated to make those changes in life.
If you’re like me and have gone through your share of books, here’s a list of ten NEW books on personal finance, business, and investing. (And, feel free to add your own favorites in the comments section.)
Business Strategy, Great Books, Investing, Money, Online Investing AI, Success
The Singularity is Near by Ray Kurzweil is the book that started it all. If you want to know about the future, it is the best book I've found. Absolutely fascinating.
Rich Dad Poor Dad by Robert Kiyosaki. This is one of the most popular personal finance books of all time. A must read for anyone who wants to become financially successful.
The Millionaire's Secrets
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
The One Minute Millionaire is a great book about how to become a millionaire. Written by Mark Victor Hansen and Robert G. Allen, this book combines an inspirational story with practical everyday skills.
The Art of Learning is the fascinating story of Josh Waitzkin, the world champion in both chess and Pushing Hands. His style is mesmerizing, and the strategies for learning are priceless.
The Alchemist is one of the best-selling and most inspirational books of all time. Anyone who has ever had a dream in life needs to read it. Perhaps my favorite book of all time.
Love is the Killer App is a powerful, step-by-step book about how to have a wonderful experience and spread love in any working environment. Think the office has to be a source of bad energy? Think again.
The 4-Hour Workweek is a powerful book full of strategies about how to get more done in less time. For anyone who is looking for leverage or wants to achieve success quickly, this book is absolutely invaluable.
