The Online Investing AI Blog

After playing Cashflow 101 and 102 for a few years now, I was pleasantly surprised to find out that you can actually play for free, online. Just go to the Rich Dad site and click on Cashflow.

I like Cashflow because it actually teaches people about how to manage their finances. Many people like to write off games as a waste of time, but they are actually a powerful learning tool. We automatically play games the way we play life. So, when we learn how to play a game better, it changes the way we act in life.

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Dreams Come True, Internet, Money, Success active income, games, Internet, Investing, kiyosaki, Money, passive income, rich dad, salary, Success

Passive income is often touted as a work-free, pain-less, time-agnostic way to earn money.

The logic goes like this: You employ a few vehicles that can earn money on a 24-7 basis. You can invest and earn money through trading or dividends. You can create a blog or web site. You can do some affiliate or search engine marketing.

And, alakazam, you make money.

It works. Or, it can work.

But passive income does require four distinct phases that do require your attention and due diligence.

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We talked about the best books on passive income yesterday. It was a list generated during the research period we conducted on The Wealth Singularity, our eBook that explores how technology will create unlimited opportunities for creating wealth.

Passive income is a general term for wealth-creating techniques and technology that allow you to do something once and then earn streams of money from it over time. There are a lot of ways you can earn passive income: Automated Trading, dividend investing, inventing, affiliate sales, and blogging.

The cool thing is that most experts on passive income post regularly to their blogs and write articles for various web sites.

There are other web resources that we relied on for insights and information. Some of these blogs and sites just cover passive-income creation; others delve into the tools used for passive income, like blogs and affiliate advertising.

Just a bit house-cleaning: I’ve tried to keep them as close to the category where they seem to be strongest–but there’s some obvious room for debate.

Here are some of our favorite sites that you can use:

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Automated Trading, Internet, Investing, Money, Online Investing AI, Success affiliate sales, Automated Trading, blogging, inventing, Investing, Money, passive income, personal finance

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.

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Automated Trading seems to be gaining popularity on a daily basis. One common question is,

Can Automated Trading be used to generate passive income?

The answer is a resounding yes. However, that does not mean that you can set it and forget it.

Many people meet with a financial advisor, buy some mutual funds, and then forget about their entire investment portfolio for months or years. This is not a good idea.

Millions of would-be retirees got an unpleasant surprise when they checked their retirement accounts three months ago. It’s true that the markets have come back quite a bit in the last few months, but it does not mean that an important lesson can be learned: we need to manage and keep track of our investments. They cannot be offloaded and forgotten about like housework.

I saw a news show that featured an middle aged woman crying because she had lost 50% of her life savings. She lamented, “I was afraid to check my statements so I didn’t open them. But then when I finally checked, they were down by half.”

This is not a good strategy for retirement. If we are going to be successful money managers and retire wealthy, we need to actively manage our finances, and our retirement accounts.

And Automated Trading systems require monitoring in the exact same way. It does not take a lot of time or effort. Just a few minutes per day is probably enough. The important part is to commit to managing our finances so that we can achieve the financial freedom that we have earned.

This is true of nearly all forms of passive income. Contrary to popular belief, most passive income is not 100% passive. It normally takes at least a few hours per month to manage most forms of passive income. This includes mutual and index funds, real estate and stocks. We need to monitor what is going on with our investment, and make sure that we are receiving the income that we are supposed to receive.

Automated Trading, Investing, Success Automated Trading, financial freedom, Investing, Money, passive income, real estate, retirement, stocks

I discovered a wonderful blog about (semi-)passive income called Living Off Dividends. It’s the story of a guy who read a book and actually took action to make things happen. And they happened.

Which book? Rich Dad Poor Dad. The whole point of the book is that anyone can go out and start making money, without relying on their job. And that is exactly what ND, the author of the Living off Dividends blog, did.

Here’s a post about the income from his blog, and the sources of the income.

What is so great about his blog? Read more…

Business Strategy, Dreams Come True, Great Books, Internet, Money, Success advertising, blogs, Internet, kiyosaki, living off dividends, Money, passive income, rich dad, Success

In economic turmoil and during periods of layoffs and firings, there’s one thing that crosses a lot of minds: I never want to be in this situation again.

Leading experts–from career coaches to new wealth gurus–all agree on the importance of creating passive forms of income. Passive income, generally speaking, is a form of income that, once set up, continues to flow in without any effort, or at least little extra effort.

While some forms of passive income can be challenging to set up, not all are difficult.

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Automated Trading, Investing, Money, Online Investing AI, US Economy Automated Trading, dividends, Money, passive income, rental, wealth, writing

This is one of the responses we have received from people when we share the idea of Automated Trading. The interesting thing is that these people have no idea about Automated Trading, and are usually clueless about investing as well. They are the least qualified to tell us whether it is legal or not.

I think any time people tell you that something is illegal or impossible, you’re on the right track. Of course, I am not suggesting doing something illegal. Breaking the law is just silly, and should not be done. The interesting thing is that many people think some things are illegal when they are perfectly legal.

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