The Online Investing AI Blog

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I was a reporter once. One thing I found interesting is that several people can witness the same incident–like an auto accident–and each individual has a different description of the incident.

Perspective plays a role. Attention is another factor. Even personal philosophy has a part in this phenomenon.

After reviewing a couple of financial articles over the weekend, I saw the same behavior as people described current economic conditions. One adviser was sure that the recession was caused by debt. Another said it was a result–totally–of real estate. Taxes caused it. Fed policy. Commodities prices. The list went on and on.

No one said it could be a result of several factors.

What does this tell us about investing?

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What’s the one thing that most millionaires and billionaires have in common? (Besides a lot of money.)

They get up early.

That’s what Michael Masterson of Early to Rise says in his book Automatic Wealth.  Masterson said he worked for years as a late-to-work, late-to-bed type of worker and said he didn’t get very far. He put in the same amount of time working on projects as his early rising friends, but they seemed to out-pace him in success.

Then he decided to wake up 60 minutes earlier each day.

The results were amazing. He got more work done–and believe it or not–people seemed to begin to recognize him as an achiever because he worked earlier. (It must be a relic of the old farm work ethic past.)

“There is something about getting in earlier that seems wiser, nobler, smarter, or just plain more industrious than working late.”

Oddly, Masterson said, as he climbed the ladder of success, that he noticed most of the high-success types were early risers. (Probably one reason he named his web site “Early to Rise.”

So how can you try this out for yourself and what could you expect from the new habit?

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