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
Technology will touch everything. And it will change everything. Personal finance is no exception.
Your 401(k) plan isn’t immune from the reach of technology, either. Companies probably thought they could offer their plans and it would be a secret between the company and the employee.
Most 401k plan participants can easily find out what kind of fees that plan charges, or even what types of investments their plan holds.
But a new technology is changing that.
BrightScope quantitatively ranks 401(k) plans–and participants, advisors, and companies all could be better for it.
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Online Investing AI
401k, algorithm, brightscope, plan, retirement, technology, the wealth singularity, wealth singularity
Last night I was watching the news (a terrible habit I need to get rid of!) and there was another story about how bad the economy is and how hard it is to find a job. I always have the same reaction when people say they are looking for a job. It makes me wonder, “Who wants a job?”
Having a job for decades and retiring on a pension was a system that ended in the 1980’s. Since then, the economy has changed so rapidly that working in the same job for 20 years is nearly impossible. Besides that, the financial mismanagement of companies and the government has made pensions and social security unreliable.
So what’s the solution?
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Accelerating Technology, Dreams Come True, Great Books, Investing, Money, Online Investing AI, Success, US Economy
economy, Investing, jobs, Money, pensions, social security, Success, technology, the wealth singularity, tv
As a limited time promotion, we are giving away the first two chapters of The Wealth Singularity for free. What is the Wealth Singularity?
We believe that technology accelerating at an ever increasing pace. But that is not all that is changing. New technology is used throughout the world to make money, for both individuals and corporations.
How will Artificial Intelligence revolutionize the investing game? How are blogs, Twitter and Facebook revolutionizing the Internet? How can you achieve financial freedom without wasting a lifetime in a cubicle?
These are important questions that are answered in this eBook.
Why get left behind as other people and businesses are using new technology to cash in?
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Accelerating Technology, Automated Trading, Business Strategy, Dreams Come True, Great Books, Internet, Investing, Money, Online Investing AI, Success
ebooks, finances, financial success, learning, Money, spending, Success, the wealth singularity
We’re pretty impressed with Automated Trading. As a concept, it makes sense, especially for the busy, self-directed investor.
- You have the return power of active trading.
- You don’t have the greed and fear of active traders (if programmed correctly).
- You don’t have the fees and other payment hijinx of mutual funds.
- And you don’t have all the time spent researching the market and waiting to make trades.
So, throw all your money into Automated Trading. Forget about the index funds and long-term investments.
I’m not sure that’s the best idea.
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Accelerating Technology, Automated Trading, Investing, Money, Online Investing AI
algorithmic trading, Automated Trading, index fund, Investing, ira, mutual fund, risk, the wealth singularity, trading, wealth
sciondriver@Flickr
I wrote a post yesterday on the failure of wealth redistribution. Money ends up finding it’s way to the same hands.
But, wealth-building technology has a much better chance of succeeding if it finds its way to regular investors. We have reason to hope this will happen. With the amazing computing power available, it’s just a matter of time before the types of technology that drive hedge funds and private equity funds is available to self-directed investors.
Where’s the source of our optimism?
It relies a lot on our own experimentation, but the bulk of this expectation lies in the path of technological process and Moore’s law. It’s something we’ll explore in depth in our forthcoming eBook, the Wealth Singularity, but here’s an overview.
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Accelerating Technology, Automated Trading, Business Strategy, Online Investing AI
Moore's law, singularity, technology, the wealth singularity, wealth, wealth building, wealth generation
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.
