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Rich! Rich! Rich!
What does it mean to you?
Of course, there’s monetary wealth. But there’s other things you can be rich in. Good health. Friendship. Love. You name it.
In this edition of Weekly Wisdom, we’ll take a look at some great bits of wisdom on monetary wealth–and some of the other types of riches.
It’s been a mixed week for the economy and the market. A lot of twists and turns.
But, if there’s one thing I’ve learned from my weekly readings, it’s that you hold a lot of personal financial power in your own hands.
By making smart spending, saving, and investing decisions, I think we can ride this sucker out.
Here are some links to help you out.
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.
Life doesn’t need to be hard.
And, as I read through some posts this week, I noticed something. Personal finance isn’t brain surgery or rocket science, or even rocket surgery.
Getting your financial house in order, spending money effectively, and investing wisely, can actually be pretty easy.
Here are a few bits of advice that proves it.
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Things are heating up.
So are the blogs.
From recession and depression talk to personal financial advice, here are some of the most interesting memes spreading through the internet this week.
From the Intelligent Speculator, here’s how to start a dividend portfolio with $5,000.
No More Spending compares dating to using a credit card.
You can use ETFs to build a diversified portfolio, according to Complex Search.
Moolanomy offers some recommendations on how to get a savings account started.
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.
Uberto @ Flickr
Do you remember all those countdown shows on the radio every weekend? Casey Kasem? Dick Clark? Rick Dees?
Dang exponentially-increasing technology has put a dent in those shows and they’re not nearly as influential as they used to be. Once, if you had a song in Casey Kasem’s Top 40 Show, it was like placing on the first page of Google.
And “hits” had a totally different meaning.
Anyway, this edition of Weekly Wisdom is my own countdown show of the web’s hottest personal financial hits this week.
Investing is looked at as part science, part art, and part voodoo.
It comes with a set of rules that can’t be broken–until they must be broken. How do you know when to adhere to rules and when to seek new methods of making money? That’s the million-dollar question.
Then there are so many styles of investing. Which one suits you: Long-term, short-term, day trader, trend, swing, etc. etc.?
This week, Weekly Wisdom presents the most intelligent voices out there on how to invest, when to invest, and where to invest. Feel free to add your own best links in the comment section.
pic by aresauburn @ flickr
Welcome to another week of wisdom from bloggers and web writers across the personal financial cyber-universe.
I’d like to pass on some of the best bits of information and wisdom out there this week. We run the gamut: from declaring an end to mindless submission to the renter-from-hell stripper.
Everyone has a hobby, but does your hobby have you financially? Here’s Money Ning’s take on how much you should spend on a hobby.
Early Retirement Extreme kicks against the system in the guest post, No More Mindless Submission.
Check out the The Middle Finger Project for a little primer on Dream Zappers.
Get paid to spend other people’s money? It’s a great gig, as Wallet Genius’s list of richest politician shows.
Accelerating Technology, Internet, Investing, Money, Online Investing AI, Success
Can financial muscles be exercised like your physical muscles?
Absolutely. The more reps–that’s when you make the right decisions–the more making follow-up decisions become easier and easier. You can flex your money muscles easily.
If you’re ready to work your money muscles out, I recommend a couple of these posts. They’re like steroids for your money muscles.
No performance-enhancing drug tests will be administered after you’re done reading either.
The future is here.
Learn how to use Accelerating Technology to make money.
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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.
