Rich People Are Quietly Preparing For This - And You Should Too

The video discusses the critical need to adapt to the AI revolution, warning that failing to learn and utilize AI will lead to people being replaced by it. It addresses the current "AI bubble," drawing parallels to the dot-com bubble of the late 1990s, where immense investment poured into nascent technologies, leading to a subsequent crash. However, the speaker emphasizes that unlike fads, AI is a foundational technology that will endure, even if certain companies fail.

The core of the discussion focuses on practical applications of AI for financial future-proofing, divided into earning money with AI and investing in AI. Earning potential lies in two avenues: enhancing current work efficiency and creating new businesses or jobs leveraging AI. This includes using tools for writing, content creation, note-taking, coding, and data analysis, as well as identifying service-based opportunities like virtual property tours for realtors, AI-assisted medical note summarization, automated bookkeeping, and efficient email drafting for legal professionals.

Strategic investment in AI is presented as a more complex endeavor than simply buying AI stock. The video outlines direct company investment (high risk, high reward) and investing in Exchange Traded Funds (ETFs) that offer diversified exposure to AI and robotics (BOTZ), broader technology (IYW), data centers (DTCR, IDGT), and related industries like data center energy and cooling. The speaker encourages a "trickle-down" investment approach, looking at industries that support the AI infrastructure, such as data centers, and underscores the importance of due diligence and understanding personal investment goals.

• The rich are future-proofing their money with AI, while the average person is not learning to use it effectively.
• AI is not a fad; it's a foundational technology that will persist, even if the current "AI bubble" bursts.
• Two primary ways to earn money with AI: increase work efficiency or create new businesses/jobs utilizing AI.
• AI can be used to create new business opportunities in various sectors, including real estate, healthcare, accounting, law, and service-based businesses.
• Strategic AI investment involves understanding the ecosystem, from direct stock picks to diversified ETFs focused on AI, robotics, data centers, and supporting industries.

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The AI Bubble and its Parallels to the Dot-Com Era [00:22]

• There's a significant amount of investment and hype surrounding AI, leading to discussions of an "AI bubble" that could burst.
• History shows that such bubbles are not uncommon, with the dot-com bubble of the late 1990s serving as a prime example.
• During the dot-com era, companies with ".com" in their name could raise substantial capital without a solid business plan, similar to the current AI investment landscape.
• The dot-com bubble burst, leading to the collapse of many companies and a dramatic fall in valuations, with Amazon's stock dropping 90%.
• However, the internet itself did not disappear; it became a fundamental part of modern life.
• The speaker argues that even if the AI bubble "pops," AI technology will remain and continue to evolve.

History doesn't repeat itself, but it does rhyme.

Earning Money Using Artificial Intelligence [02:29]

• The video promotes a free investing masterclass for those interested in learning how to invest and find opportunities.
• There are two main ways to earn money with AI:
  1. Increase work efficiency: Use AI to improve the quality and speed of your current work.
  2. Find new work: Create new jobs or businesses by utilizing AI.
• AI's impact is industry-agnostic, akin to the internet's broad adoption.
• Personal examples include using AI for medical advice (toenail issue) and legal document summarization, saving time and potentially money.
• AI tools can augment professionals like attorneys and doctors, enabling them to make smarter decisions and be more efficient.

It doesn't matter what industry you're in. Just like how every industry uses the internet, every industry is going to be using AI.

AI Tools for Work Efficiency [04:15]

• Writing/Editing: Claude is recommended for writing and editing content.
• Content Creation: Midjourney can be used for graphic and image creation, including turning images into short videos.
• Meeting Management: Otter.ai can transcribe, organize, and summarize meeting notes.
• Coding/Development: GitHub Copilot can generate code based on user instructions.
• Data Analysis: ChatGPT can analyze Google Sheets, review data, and provide feedback.

Creating New Business Opportunities with AI [05:02]

• AI creates opportunities for those who understand how to implement it, as many industries and individuals want to use AI but lack the knowledge.
• AI Consulting: While possible, niching down is crucial for success.
• Virtual Tours for Realtors: Use AI to create staged virtual tours of properties, enhancing their presentation for potential buyers. This can become a recurring service.
• AI for Doctor's Offices: Offer services to record, transcribe, and summarize patient notes, saving doctors significant time (e.g., 2 hours per week). This could command around $1,000 per month.
• AI Bookkeeping for Accounting Firms: Automate bookkeeping processes using AI by extracting data from bank statements, receipts, and credit card statements, consolidating it into Google Sheets. This offers cost savings for accounting firms.
• AI for Legal Email Management: Assist attorneys in drafting and responding to emails faster using AI, providing a valuable monthly service.
• AI for Service-Based Businesses (e.g., Window Washers):
  • Route Optimization: Use AI to map out efficient routes for the week, saving travel time and gas costs.
  • Estimate Efficiency: Utilize AI to streamline the estimate process, potentially reducing the need for in-person visits for every estimate.

Investing in Artificial Intelligence [08:14]

• Investing is inherently risky, and there are no guarantees of profit. Always conduct due diligence.
• If the AI bubble bursts, new investment opportunities will emerge.
• Investing in Individual Companies: High risk, high potential reward (e.g., investing in Nvidia). If the company fails, the investment can be lost entirely.
• Investing in Funds (ETFs): Exchange Traded Funds offer diversification by pooling money into a basket of stocks.
  • BOTZ: Focuses on robotics and AI companies (49 stocks in the fund).
  • IYW: A broader ETF for U.S. technology stocks (139 stocks), many of which are involved with AI.
• Deeper Investment Layers: Consider investments that benefit from AI's growth indirectly.
  • Data Centers: AI requires massive data storage. Data centers are booming and represent an investment opportunity.
    • DTCR: An ETF providing exposure to data center operating companies.
    • IDGT: An ETF focused on companies that own the physical real estate of data center facilities.
  • Data Center Energy: Data centers consume significant energy. Investing in companies providing energy solutions for data centers can be an opportunity.
  • Data Center Cooling: The high heat generated by data centers necessitates cooling solutions, creating an investment opportunity in cooling technology companies.

Don't just blindly buy things. I want you to understand the scope and see what fits within your portfolio to see what makes sense for you because I'm not a financial adviser and I cannot tell you what to do.