The Online Investing AI Blog

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The Wealth Singularity is a point when the power of technology has become so massive that wealth and abundance becomes ubiquitous.

The theory is based on the works of leading futurists like Ray Kurzweil and Vernor Vinge, who believe that the exponential growth in computing power will lead to a Singularity. Technology, whether it’s the wheel or the personal computer, also leads to a leap in productivity and the ability to generate wealth.

That Singularity may be closer than you think.

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Mondays stink.

Unless, of course, you develop residual streams of income. Then, Monday is just another day to earn money.

Residual income is derived from products and services that you work on once and they continue to generate income–perpetually. The internet has opened up more residual income streams than ever. Before, rent and royalties were about the only types of residual income stream available to the common person.

New residual income products and services include:

• eBooks
• Affiliate sales
• Blogs
• Web advertising
• Contextual ads
• Invention royalties
• Video and podcasting seminars

And there are a lot more. To learn more, you can check out the following sites, all of which specialize–in one form or another–in the creation of residual income.

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Business Strategy, Internet, Money, Online Investing AI, Success blogs, ebooks, freedom, job, monday, Money, personal finance, personal financial freedom, residual income, royalties, wealth singularity, work

Carol Gonzolez @ Flickr

The future demands more of us than our institutions have prepared us for.

Our learning institutions are designed to make us productive members of society. Heavy emphasis on “productive.” In fact, schools are built around the idea that we will be wage earners.

Teaching rote memory and learning to color within the lines and think inside the box are more valued in a factory setting where the guy or gal on top is the Queen bee wealth creator; everyone else is just a worker bee.

But, now, the hive has changed. You have more computing and communication power in your iPhone than US Steel did in its entire corporate structure. There’s no reason you should stay a wage-earning drone when you can become a wealth-creating owner.

Here are some new ways you can create wealth.

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Accelerating Technology, Automated Trading, Business Strategy, Internet, Money, Online Investing AI, US Economy alchemy, future, information, information economy, Money, new wealth, value, wealth, wealth creation, wealth singularity

J @ Flickr

One of the themes of the Wealth Singularity is that wealth will no longer be earned. It will be created.

In other words, manufacturing and maintenance jobs won’t be the easiest ways to financial security (if they ever were). Real wealth will be generated by artists, inventors, and investors. This isn’t a new concept. Daniel Pink talks about it in his book A Whole New Mind. Ray Kurzweil alludes to the same thing in his book, The Singularity Is Near.

If you’re creative and are interested in inventing–an endeavor that we consider one of the paths to the Wealth Singularity–you have a lot of options. Unfortunately, the web has let in a lot of scam artists, who take would-be-inventors’ money and provide worthless patents and products.

Here are some of the most trustworthy resources on the web if you’re ready to stop being an idea person and start being an inventor.

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Accelerating Technology, Dreams Come True, Internet, Online Investing AI, Success books, edison nation, idea, incubate, inventions, inventors, startup nation, wealth singularity, web sites

Goddard photo stream @ Flickr

Futurists speculate that a Singularity is coming. The Singularity is a time of technological supremacy.

Several authors have discussed the Singularity, or versions. People like Ray Kurzweil and Frank Tipler are among the advocates–almost apostles–of this event. It’s also the subject of numerous Sci-Fi books and movies.

Those who believe the Singularity will be beneficial say that we can expect to live longer and become richer. Once technology reaches a certain stage, the age of scarcity will give way to the age of abundance.

We’ve dubbed this, the Wealth Singularity. There are different estimates of when this will happen, but it may be only a few decades away. Whenever it happens, the truth is you can already enjoy some of the benefits of the Wealth Singularity and you can start to prepare for it now.

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Amazing photo by Zara @ Flickr

Despite the prodding of Tim Ferriss and Jonathan Fields, some folks don’t feel comfortable about quitting their day jobs, starting their own businesses, and traveling to Thailand to learn Thai stick fighting techniques.

We even talk about escaping the cubicle life.

That’s cool.

But the one thing that is true in the Wealth Singularity and the thing that drives us to create advanced Automated Trading technology is that lifestyle design is lifestyle design. You don’t have to shed your job. You don’t have to travel to exotic locales. You don’t have to become an Internet marketer.

You approach life on your terms and no one else’s.

If you’re ready to move toward lifestyle design, but aren’t prepared to dive in head-first, here’s a way to test your lifestyle design skills without a lot of risk.

I call it the 10 percent self-employment solution. Here’s how it works:

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Accelerating Technology, Online Investing AI employment, financial, Investing, job, jobless, Money, personal freedom, saving, unemployment, wealth singularity

Flickr

Any sufficiently advanced technology is indistinguishable from magic.
Arthur C. Clarke”Profiles of The Future”, 1961 (Clarke’s third law)

A 2006 movie called the Secret swept up a vast audience of wealth-seekers with a message that a law existed that would help them attract prosperity and abundance.

It was called the Law of Attraction.

As proof, the video and book series offered captains of industry and moneymakers of the past who reportedly tapped into this secret to build massive amounts of wealth.

Not everyone was convinced of the Secret, however. Critics and skeptic believe the Law of Attraction flew in the face of other more-widely accepted laws of nature. These wealth-generating captains of industry didn’t use any metaphysical law to earn their fortune, these critics allege.

Whether they used some New Thought precept or not, what is indisputable is that the wealthy mentioned in the Secret did align themselves with a law that is becoming more accepted. It is technology that is leading us to a Wealth Singularity. And it will introduce us to the Secret 2.0.

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Accelerating Technology, Business Strategy, Dreams Come True, Internet, Investing, Money, Online Investing AI, Success, US Economy law of attraction, magic, Money, rhonda byrne, secret, tech, technology, the secret, the singularity, wealth singularity

cliff1066 @ Flickr

The important point about the Wealth Singularity–a point in time when abundance will become ubiquitous–is that elements of this revolution are already among us. The Wealth Singularity is in the embryonic stage.

Like other ages of technological revolution the tools have been created and the infrastructure is in place. The only thing that remains is for human imagination and ingenuity to catch up.

This has already begun. Pioneers have stepped forward who are mastering these tools and are already creating wealth in ways that were once unimaginable. These pioneering wealth creators are making money in unlikely places–blogging, affiliate sales, product and digital product creation, inventing and investing, to name a few.

Here are a few case briefs.

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Accelerating Technology, Automated Trading, Business Strategy, Dreams Come True, Great Books, Internet, Investing, Money, Online Investing AI, Success, US Economy affiliate sales, blogging, ebook, future, Investing, Money, pioneers, wealth singularity

Most people are aware of how fast technology is changing. Just Facebook and Twitter have revolutionized the Internet landscape in the last year. And, they have revolutionized how we connect with each other. Not just how we connect online, but how we connect in life! These two examples of technology make it super easy to connect to millions of people instantly, and for free. That’s pretty amazing.

Here is the traffic graph for Facebook from Alexa:

Facebook and Twitter make email look prehistoric. And, in Internet time, email is prehistoric. If most people started using email in 1995, when the Internet exploded, that is nearly 15 years ago. That makes it ancient history. These sites have reinvented the way we connect, but accelerating technology has not had such a powerful effect on every aspect of our lives.

Which Area of of Lives has Technology yet to Revolutionize?

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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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Great Books, Investing, Money, Online Investing AI, US Economy books, ebooks, passive income, technology, wealth, wealth singularity