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
Measuring your net worth is easy. You just add up all the money you have in your various accounts, throw in all your assets and subtract your debts.
But that doesn’t tell you how wealthy you are. Wealth is a condition. It does take into account the amount of money your have in stocks and bonds and so on. It considers the debts you have, too. Wealth, though, brings in your mental state, your money habits, and your potential.
We’ll call it the wealth quotient. Or, your WQ.
Just like your IQ and your EQ (emotional quotient) offer you a window into your intelligence and emotional potential, your WQ is a sign of your ability to find and build wealth.
In this edition of Weekly Wisdom, we’ll review some of the best posts and articles to help you measure–and improve–your wealth quotient.
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Dreams Come True, Investing, Money, Online Investing AI, Success
Links, Money, money quotient, resources, roundup, wealth building, wealth quotient, weekly wisdom, wq
edbrambley@Flickr
I was watching a community work crew put up a bridge across a creek many years ago. I asked the guy in charge how the puny boards could hold the weight of the men out on the middle of the river.
He said, “It’s not the wood, or ropes, or posts that keeps the bridge up, it’s the design.” In other words, that pile of wood could not do anything without a solid idea behind it.
How profound. Sometimes we see the effects of our behaviors and pronounce them the cause, or the design. If I asked a hundred traders why they trade, they’d probably say because of the returns. But, underneath, there is a simple design. People may actually trade because they want excitement. Or they want security. Or they want to show off in front of a possible date.
The inability to find this know yourself is just one way you can complicate your trading. And that causes problems. If you want to build a better bridge to solid returns, here are fifteen ways to better understand yourself and to simplify your trading.
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Automated Trading, Investing, Money, Online Investing AI, Success, US Economy
Money, simplicity, simplify, wealth building, wealth generation
In case you don't get the reference. This is The Proclaimers... who wrote (I'm Gonna Be) 500 Miles.
This is our 500th post.
We originally conceived the idea of our blog to be something beyond the same old acronym-encrusted, buzzword-bloated company blog. You know the: “We have Product X in beta. We are hoping to improve synergies among R and D and marketing to output a product that meets customer criteria.”
That kind of crap.
We wanted our blog to start a conversation with people while we worked on our Automated Trading systems. And while we’d love to make everyone a client, we don’t care if you eventually decide to become a customer or not.
Because our real mission is to help people become financially free. There’s a lot of ways to get there. But education is the most important. We’d like to create Automated Trading systems that makes everyone rich, but they still can’t make people wealthy. That’s up to the individual.
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Online Investing AI
500 posts, education, financial freedom, Investing, Online Investing AI, wealth, wealth building
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.
