The Online Investing AI Blog

OK.

Make sure there’s no one reading this over your shoulder. Is the coast clear? Cool.

So, here’s the number one most incredible money secret: there are no secrets.

People are continually using The Secret this, or The Secret that to make their information appear occult or specialized. Bloggers are notorious.

Hey, guilty as charged. Here’s my Money Secrets post. And the Financial Secrets of an Abundant Mind.

The thing is, these are open personal financial secrets. There’s nothing secret about handling your money astutely. It goes a little like this.

Save regularly.

Spend smartly.

Invest intelligently.

Those aren’t really what I consider secrets. They’re obvious. They’re the subjects of millions of books, articles, posts, and bull sessions.

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Investing, Money, Online Investing AI finance, financial, funds, Money, personal finance, secret, secrets

Summer is heading into the home stretch.

We’re going to keep the temperatures high here, though. Here are some great links on personal finance and self-improvement.

One of the struggles most investors face is taming their emotions. Free From Broke offers dollar cost averaging as one remedy to emotional investing.

Simple Trading System caught this: BP is selling assets to Apache.

It’s kind of like a McMansion for a hobbit. Man finds contentment in an 89 square foot house, courtesy of Faithful with a Few.

This could be a demographic time bomb. Finance Samurai points out that there are now more senior workers than teen workers.

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Internet, Investing, Money, Online Investing AI advice, Links, personal finance, roundup, weekly wisdom, wisdom

Pic from Flickr Creative Commons

It’s Independence Day.

We might think that the Declaration of Independence was signed because of tea and stamps, but, at the core of the fight was the desire to be economically free.

That’s a fight that continues everyday.

Here are a few posts that can help you stage your own personal financial independence day.

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Investing, Money, Online Investing AI, Success checklist, financial independence, Links, personal finance, roundup, tips

pic by mckaysavage @Flickr

May you live in interesting times.
–Chinese curse

We do live in interesting times, perhaps the most interesting times in the history of civilization.

That can be good.

And that can be bad.

We seem to be caught up in the eddies of a great transition. These economic, social, and technological forces can toss an individual around. It’s in these interesting times that we are fortunate to have some interesting voices who will help us steer our personal financial ships by offering us advice and issuing us warnings.

In this edition of Weekly Wisdom, we’ll review some of the best posts and articles on personal finance and improvement.

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Accelerating Technology, Investing, Money, Online Investing AI, Success advice, discounts, finance, Investing, investment, Links, Money, personal finance, roundups, saving, wealth

Pic by walknboston @ Flickr

Answers don’t matter.

That seems to be heresy. But hear me out.

The fact is, unless you know the right questions to ask, answers don’t really help you. Knowing what’s wrong and then applying the right solution is the key to problem solving.

Personal finance is no difference.

In this edition, we”ll let some of the best and brightest minds of the blogosphere ask the most important questions.

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Internet, Investing, Money, Online Investing AI, US Economy answers, finances, financial, financial information, life, linking, Links, Money, personal finance, rich, round up, roundup, wealth, weekly wisdom

I want to thank Financial Samurai for a heads-up on the book, “The Other 8 Hours.”

I picked it up after checking out Samurai’s post. (I never win those dang give-aways!)

The Other 8 Hours was written by Robert Pagliarini. He also wrote The Six-Day Financial Makeover.  Maybe you caught him on the Dr. Phil Show. I didn’t because I think Dr. Phil is a sham, but maybe you did.

Pagliarini’s philosophy on personal finance is a lot like one of my other favorite writers, Timothy Ferriss, who’s The 4-Hour Work-week is a classic. I’m just digging into the book, so I might be off, but I think one difference is this book’s personal financial freedom advice is more targeted to folks who are already embroiled in the 40-hour slog.

The premise is simple. You work eight hours, you sleep eight hours (ha!) and you have eight hours a day that can be spent on projects dedicated to financial freedom. Pagliarini mentions ten ways–or channels–that can help you turn those hours into serious steps toward wealth and purpose.

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Accelerating Technology, Business Strategy, Great Books, Internet, Investing, Money, Online Investing AI blogging, financial independence, Money, personal finance, the other 8 hours, the wealth singularity, wealth

Personal finance looks simple: save money, invest it, repeat.

But we all know there’s more to it. There are thousands of ways to save money. There are thousands of ways to invest money. Not all of them are simple, not all of them are as effective as others.

That’s why I’m glad I have access to some of the brightest money minds in the world. This week, I spent some time noting the how-to, tutorials, and other advice posts on the web. Here’s the best of the best.

Enjoy.

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Internet, Investing, Money, Online Investing AI, Success, US Economy how to, interest, Investing, Links, list, motivation, personal finance, roundup, roundups, saving, wealth, weekly wisdom

The one thing I learned in the world of personal finance is that things aren’t often as they seem. Sure-fired strategies turn into half-baked schemes and bad ideas turn into revelations and revolutions.

Often, these strategies are counter-intuitive. Other times they’re so simple you wonder why you didn’t think about that first.

You have to keep an open mind and take care not to cloud your judgment.

This week, I’d like to pass on some posts that made me think. In a lot of cases, they made me think that I was wrong about personal finance issues, or, at least did not explore the issues deeply.

Here are a few of the best:

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Investing, Money, Online Investing AI advice, contrarian, financial, financial wisdom, Links, Money, personal finance, pf, roundup, weekly wisdom

pic by chesterfan1230

Personal finance adherents know about the danger of keeping up with the Joneses. It relates to people competing with each other to have the nicest, newest, biggest, baddest, stuff on the block.

It’s a pretty accurate description.

Ever take a walk around your neighborhood and notice a new car–and, then suddenly, there’s another new one? And another. And another.

This type of financial one-up-manship leads to high debt in the struggle to gain high self-esteem.

But there’s another negative way we handle those damn Joneses. We try to keep the Joneses down.

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Money, Online Investing AI, Success, US Economy envy, greed, Money, personal finance, rich, wealth

Pic by SAMAEL TRIP @ Flickr

You start out loving this whole personal finance thing.

You read the latest Dave Ramsey book. You even took notes!

You set a budget. And you monitor it.

You are frugal. You spend on only necessary things and shop for bargains.

You invest wisely.

But then you notice some changes. You’re not making progress on your goals. Are you a victim of financial burnout?

Like anything, too much of a good thing can lead to burnout. Here are five ways you can tell you’re suffering from financial burnout:

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Investing, Money, Online Investing AI, Success burnout, financial, financial success, personal finance, pitfalls, problem, problems