Weekly Wisdom: Uncommon Wealth Sense

Wisdom is often hidden from us.

It’s not a conspiracy. No government agency is charged with hiding this type of information or intelligence from us. Wisdom is usually hidden in obvious places. We’re just so wrapped up in what we think is true we never find out what we know is true.

I call this “uncommon sense.”

In financial matters, we find the same type of strangely-hidden wisdom. But, there are plenty of bloggers out there who have made it their mission to reveal Uncommon Wealth Sense. In this edition of Weekly Wisdom, we’ve found that subtle, sometimes counter intuitive wisdom about money matters, wealth building, and personal development.

Common wisdom states that you ratchet back your risk level the closer you get to retirement. Here’s the uncommon sense: Asset Allocation and Time from the Oblivious Investor.

Common Wisdom says that a little government nudging is a good thing. Bad Money Advice says, not so, The Nanny State is just a waste of money or time.

What’s the key to risk tolerance? Is it how much money you have in safe havens? How much time you have to recover? Nah. It’s composure, or how you react to unexpected events, according to Generation Y Investor.

Common wisdom says you don’t buy a car online.
Here’s tips on how to get a car or truck on eBay from Dough Roller.
A PhD is a ticket to wisdom, according to common wisdom. But that’s not what Michael Covel believes in this post about education and success.

Why do most budgets fail? They answer is not the one I thought it would be–and you might find it a surprise, too. According to Wisebread, it’s because people don’t keep track of their expenses initially.

To become intelligent you just need to read a lot of books and remember a lot of things. Nope. Dumb Little Man says here’s how to become intelligent.

Think that you can’t live a remarkable life? That luck rules your life? Not so. Thrilling Heroics tells you how to live a remarkable life.

All personal growth is good. Not always, according to Illuminated Mind. Be on the look out for fake growth.

Does money bring happiness? Most people say, no, but Financial Highway writes that money actually brings unhappiness.

Do you think you know what you’re paying for when you purchase a product or service?  Eliminate The Muda is guessing that you don’t ALL of what you’re paying for.

The Financial Samurai is on record saying that the weak dollar is not a problem. That’s pretty counter-intuitive.