As yet another interesting week comes to a close, instead of wrapping up the week with some of my own commentary, I have decided to pass along some of the good tidbits that I have read this week. Hope you enjoy.

I recently had a conversation with a friend who mentioned they are in a pretty good financial situation. He had no debt, had just purchased his first house, and participated in a 401(k) plan at work. His question was what else could he do to improve his already solid personal finances?

I have been criticized heavily for selling my position in Chesapeake Energy (CHK) as the stock climbed to new highs over the last few months. As I mentioned in previous posts, the move higher looked closer and closer to a parabolic climb. These climbs typically end up ugly. Well, it’s been ugly over the past few weeks.

As I mentioned last night in my recent Apple moves, I was planning on buying Apple shares at this morning’s open. I got in immediately and scooped up a nice chunk of shares at $148.90 a share. It looks like the stock is already bouncing from it’s lows.
I am extremely pleased with this buy as the long term strategy of Apple is definitely intact. After selling last week an equal chunk at $174, I was able to get back in at $25 cheaper.
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Continuing the series of how to make money online, we have already discussed launching a web site, driving traffic to the web site, and monetizing the traffic to make money online. Today, we will take a look at how to maximize the results of the amassing more and more content in your blog.

Last week, I wrote that I sold a large chunk of my Apple stock at $174 a share ahead of earnings because of two factors. For one, tech stocks had been trading rather weakly, and two, Apple was likely to have mediocre guidance for the rest of the year which would result in the stock tanking after earnings. Today, this scenario pretty much happened exactly as predicted.

One of my favorite people to read about, Boone Pickins, has a plan to fix America’s energy crisis. He wants to reduce our dependence on oil. While this is not unique to Pickins, it is unique in the fact that Pickins has made billions off just that, oil.

Many of the recent books I have been reading talk about ways to build wealth. Just about all of them have similar views on salaries: it is near impossible to become rich on a salary. While most people do not learn this lesson until years of determined effort to do just that, it is my hope that myself and other 20-somethings learn this lesson early and shift their focus to other wealth building opportunities.