HOW To Get RICH with A.I. (2024)

Summary

The video script discusses the impact of AI on businesses and jobs, emphasizing that AI is not about uprooting industries but enhancing them. It highlights the importance of understanding AI's potential and how to leverage it for business growth. The speaker outlines three ways AI can be used to increase efficiency and profitability: in agencies for communication, in content creation for idea generation, and in consultancy for administrative tasks. The key takeaway is that AI offers unprecedented leverage, but success depends on human initiative and the ability to adapt and foster relationships.

Takeaways

• 🚀 AI is not about uprooting everything but improving upon existing systems, similar to historical turning points like the plow or the printing press.
• 🧠 AI's uniqueness lies in its ability to productize skills, something traditionally unique to humans, which is a first in history.
• 📈 The rate of AI advancement is exponential due to Moore's Law, meaning computer power and AI capabilities are growing rapidly.
• 💡 The current limitation of AI is not the technology itself but our ability to ask the right questions to leverage its full potential.
• 🌐 Governance of AI is a significant question, with concerns about its potential impact and the need for oversight to prevent misuse.
• 🔮 The future of AI is uncertain, with both opportunities and challenges, and it's more practical to focus on short-term applications than long-term speculation.
• 🔄 AI is likely to replace jobs, but it also offers opportunities for individuals to adapt and use AI to enhance their value and skills.
• 🎨 AI is excelling in traditionally 'human' domains like creativity, with examples of AI winning fine arts competitions and challenging traditional job roles.
• 📚 AI has the potential to analyze vast amounts of data, making it a powerful tool in fields like medicine where it could improve diagnostics.
• 🛠 AI can provide leverage by automating tasks, allowing individuals to increase output without additional personal input, similar to hiring employees.
• 📈 There are three main ways AI can be used to make more money: enhancing agency work, aiding content creation, and supporting consultants or coaches.

Q & A

What are the three core components one needs to understand about AI according to the script?

The three core components are: understanding the AI Revolution, discussing how it will affect the real world, and learning how to make money with AI.

How does the script describe the historical impact of technological advancements like the plow, printing press, and the internet?

The script describes these advancements as improving upon what was already there without uprooting the fundamental principles of their respective domains, such as making farming easier with the plow, making information more accessible with the printing press, and allowing businesses to expand with the internet.

What is unique about AI in comparison to other technological advancements mentioned in the script?

AI is unique because it is the first time in history that something typically unique to humans—skill—has been productized.

Why did the public start hearing more about AI around November 30, 2022, according to the script?

The public started hearing more about AI around this time because tools like chat GPT democratized access to AI, making it more widely known and discussed.

What is the significance of Moore's Law in the context of AI advancement mentioned in the script?

Moore's Law, which states that the number of transistors on a microchip doubles approximately every two years, signifies the exponential growth of computer power, which, when paired with self-learning AI models, suggests limitless opportunities for advancement.

What is the current bottleneck in utilizing AI to its full potential, as mentioned in the script?

The current bottleneck is not the technology or learning models themselves, but our ability to ask AI the right questions effectively.

How does the script suggest AI governance might be a significant issue in the future?

The script suggests that AI governance is significant because AI presents both tremendous opportunities and challenges, with prominent leaders warning of its dangers, and even the CEO of Open AI acknowledging the potential for some robots to harm humans.

What is the script's stance on the short-term versus long-term effects of AI on jobs and the workforce?

The script emphasizes the importance of focusing on short-term effects, acknowledging that some jobs will be replaced, and suggesting that individuals can adapt and use AI to make themselves more valuable rather than speculating on long-term, unpredictable outcomes.

How does the script discuss the potential for AI to impact the creative industry?

The script discusses that contrary to previous beliefs, AI is already outperforming humans in creativity, as evidenced by an AI winning a fine arts competition, and suggests that AI will continue to make inroads into traditionally human-dominated creative fields.

What are some practical ways the script suggests to use AI for business leverage and increased productivity?

The script suggests using AI for tasks such as writing emails, generating ad copy, creating product photos, and automating content creation, which can save time and allow business owners to focus on strategic decisions and relationship building.

How does the script view the role of AI in the consulting and coaching industry?

The script views AI as a valuable tool for consultants and coaches, capable of transcribing notes, creating presentations, and performing Excel analyses, thus greatly reducing the time spent on these tasks and allowing professionals to focus on higher-level activities.

What is the final message of the script regarding the opportunity presented by AI?

The final message is that AI presents a golden opportunity for leveraging human abilities and that it is up to individuals to decide whether to seize this opportunity or be left behind, with the barrier to entry for starting a business or side hustle being very low.

Outlines

00:00

🧠 AI's Impact on Business and Skill Revolution

The video script begins by addressing the widespread alarm about AI's potential to disrupt everything. It emphasizes the need to understand three core components: the AI Revolution, its real-world impact, and leveraging AI for profit. The speaker argues that historical technological advancements have built upon existing principles rather than uprooting them, as AI is now doing with human skills. AI's recent democratization through tools like Chat GPT is highlighted as a significant change, allowing anyone to harness AI's power. The script also touches on AI's rapid advancement due to Moore's Law and the current bottleneck in effectively querying AI systems. It raises questions about AI governance and the potential risks and opportunities it presents, urging viewers to consider both short- and long-term effects on various industries.

05:02

🛠 AI's Real-World Application and Workforce Transformation

This paragraph delves into the real-world applications of AI, distinguishing between short-term and long-term effects. It acknowledges that AI will replace some jobs but emphasizes the importance of adaptation. The speaker suggests that understanding and utilizing AI can make individuals more valuable. The paragraph discusses the misconception that physical labor would be the first to be automated, but instead, AI is making inroads into creative and professional fields, such as fine arts and medical diagnosis. The potential for AI to tailor content to individual preferences is also highlighted, suggesting a future where AI could create personalized experiences in entertainment and advertising.

10:02

💼 Leveraging AI for Business Growth and Opportunity

The final paragraph focuses on how AI can be used to leverage business growth and create new opportunities. It contrasts the redundancy of certain jobs with the potential for individuals to adapt and use AI to enhance their roles. The speaker provides three examples of how AI can be utilized: in agencies to automate communication tasks, in content creation to overcome creative blocks and increase productivity, and by consultants or coaches to streamline administrative tasks and client interactions. The paragraph concludes by emphasizing the importance of fostering relationships and making strategic decisions, suggesting that AI tools will become more prevalent and that the current window of opportunity should be seized.

Keywords

💡AI Revolution

The AI Revolution refers to the significant shift in technology and society due to advancements in artificial intelligence. In the video, it's depicted as a transformative period where AI is seen as a tool that can fundamentally change various aspects of life and business, much like the plow or the printing press did in their respective times.

💡Democratization of AI

Democratization of AI means making AI accessible to everyone, not just a select few. The script mentions that tools like chat GPT have made AI more widely available, allowing anyone to harness its power, which is a significant change from the past where AI was less accessible.

💡Moore's Law

Moore's Law is a principle in the field of technology that states the number of transistors on a microchip doubles approximately every two years, leading to exponential growth in computing power. In the context of the video, it is used to illustrate the rapid advancement of AI capabilities due to the exponential increase in processing power.

💡Leverage

Leverage, in the context of the video, refers to the ability to increase output without proportionally increasing input. AI provides a new form of leverage by automating tasks, which was previously only possible by hiring additional human labor, thus allowing individuals to achieve more with less effort.

💡AI Governance

AI Governance pertains to the oversight and regulation of artificial intelligence to ensure responsible and ethical use. The video script raises the question of how AI will be governed, given the significant opportunities and challenges it presents, including warnings from prominent leaders about potential dangers.

💡Real-World Application

Real-world application refers to how AI is used and affects everyday life and business operations. The script discusses the importance of distinguishing between short-term and long-term effects of AI on the world, emphasizing the need to adapt and understand AI's impact on various industries.

💡Job Displacement

Job displacement occurs when jobs become obsolete due to technological advancements. The video script mentions that AI will replace some jobs, particularly focusing on how the order of which jobs are affected has been flipped, with creative jobs now being at the forefront of AI's impact.

💡Adaptation

Adaptation in the video is the ability to adjust to new conditions or changes. It is highlighted as a key factor in determining who will thrive or be left behind in the era of AI, drawing a parallel to the adaptation to the internet and social media between 2005 and 2010.

💡Content Creation

Content creation is the process of generating original content, and in the video, it is presented as an area where AI can significantly enhance productivity. AI can provide ideas, write ad copy, and even generate images, allowing content creators to produce more work with less effort.

💡Productization of Skill

Productization of skill in the video refers to the transformation of unique human abilities into a product or service that can be mass-produced or easily replicated, such as AI creating art or diagnosing medical conditions. This concept challenges the traditional notion of skills being exclusive to humans.

💡Strategic Decisions

Strategic decisions are important choices made by business owners or executives that can significantly affect the direction and success of a business. The video emphasizes that in the age of AI, fostering relationships and making strategic decisions will be more critical than ever.

Highlights

AI's impact on businesses and YouTube channels has been exaggerated, but understanding three core components is crucial for staying ahead.

AI is not about uprooting existing principles but enhancing them, similar to historical technological advancements.

AI has been around for decades, but the accessibility and democratization of AI tools like chat GPT have changed the game.

Moore's Law implies exponential growth in computer power, which, when combined with AI, opens limitless opportunities.

The current limitation of AI is not the technology but our ability to effectively ask questions and interact with it.

Governance of AI is a significant concern, with warnings from prominent leaders and the potential for AI to present challenges.

AI's real-world application should consider both short-term and long-term effects, with an emphasis on adaptation to avoid obsolescence.

The misconception that AI will first replace physical labor is being challenged as AI excels in creative tasks.

AI's potential in the medical field could lead to more accurate diagnoses and personalized treatments.

AI can tailor content to individual preferences, creating personalized experiences in entertainment and advertising.

The workforce should focus on adaptation to AI rather than resistance, as AI can make individuals more valuable.

AI offers unlimited leverage, previously only available through hiring employees, now accessible to anyone.

Agencies can use AI to streamline communication and creative processes, saving time and increasing efficiency.

Content creators can leverage AI for idea generation and to overcome creative blocks, expanding their client base.

AI tools are emerging for various tasks, from photo editing to Excel analysis, reducing the time spent on manual work.

Consultants and coaches can utilize AI for note-taking, presentation creation, and data analysis, enhancing their service offerings.

The importance of fostering relationships in business remains, as AI cannot replace human connection and strategic decision-making.

There is a golden opportunity for individuals and businesses to capitalize on AI, with the decision to seize it being crucial.

Transcripts

so just about every single business

YouTube channel has sounded the alarm on

how AI is going to uproot everything and

how we're all basically [ __ ] and they

are all wrong well kinda so there's

three core components that you really

need to understand in order to not be

left behind when it comes to AI firstly

there's the AI Revolution second we need

to discuss how it's actually going to

affect the real world and thirdly you

need to understand how to actually make

money with AI now here's the thing if we

look back through history every single

Turning Point has improved on what was

already there I mean the plow for

example it's simply made farming easier

it didn't uproot the principles of

farming itself or the printing press it

made information more easily accessible

and the effects of that were huge but it

didn't change the information itself I

mean even the internet fundamentally the

internet simply allowed brick and mortar

businesses to expand to anyone with an

internet connection but how is AI

different because it is you see for the

first time in history AI has productized

something that is usually unique to

humans and that's skill one thing most

people don't actually quite understand

is that AI has been around for many many

many years it's just we're starting to

hear about it now or to be more accurate

we've really been starting to hear about

it since the 30th of November 2022 and

that's because with tools like chat GPT

access to AI has now been democratized

and that's a really big change because

now anyone can use AI to their advantage

or their detriment depending on their

skill level and whether they know how to

navigate and how to use it now chat GPT

can basically do just about any task and

that's already very impressive but what

you really need to keep in mind here is

ai's rate of advancement you see in Tech

there's a law known as Moore's Law and

this law states that the number of

transistors on a microchip will double

every two years or put simply computer

power grows exponentially now if you

pair text exponential rate of growth

along with AI models that are able to

learn by themselves well then the

opportunities are really Limitless but

as it currently stands chat gbt's

biggest limit isn't actually the

technology or the learning models itself

it's our ability to ask it questions in

other words at the moment we're pretty

much the biggest bottleneck now one

other very big question especially

depending on how conspiratorial you want

to get is how AI is actually going to be

governed because listen there's no doubt

that AI presents tremendous

opportunities as well as tremendous

challenges I mean some of the world's

most prominent leaders have long warned

of the dangers of AI and the CEO of chat

gpt's open AI even said himself some

robots will Kill Some Humans so now they

have a little bit of understanding for

those that maybe didn't understand what

this is or what it came from now let's

talk about real world application and

it's really important to separate the

short-term effects with the long-term

effects because listen matter of fact is

we don't know where AI is going to be in

10 years maybe it kills humans maybe it

doesn't so rather than speculating which

I personally never like to do with

technology because some people have a

vision that by 2035 we're all going to

be in flying cars and there's going to

be ships in implanted all our brains and

stuff like that I just think these

things are too hard to predict so

instead I prefer to analyze the

short-term future So to that point will

everything Crash and Burn no but will

some people be replaced absolutely and

are there things you can do in order to

make sure that you do not get replaced

or become obsolete a hundred percent

because quite frankly if you know how to

use AI in the right way you actually

have an opportunity to make yourself

more valuable than ever before and I'm

going to share that with you in just a

few moments but we do need to pose a

question who will be replaced by AI now

it's funny because a few years ago

everyone thought that once robots her AI

went mainstream physical labor would be

the first on the chopping block then

once they were replaced AI would then

come for sort of the more white collar

jobs and then eventually at some point

would take over the creative industry

now as it turns out it seems as though

that order has actually been flipped on

its head I mean what previously seemed

inconceivable is now happening in real

time AI is actually beating humans and

what was thought to be most human

creativity and in fact just a few months

ago we saw an AI win a fine arts

competition against other humans and

there are a ton of AI companies

sprouting up all over the place trying

to emulate The Works of doctors and

lawyers and eventually once again we

don't know how long it will take but

eventually it'll probably succeed think

about it for a second would you be more

prone to trust an AI doctor that's

analyzed millions of cases patient

records and has access to all medical

literature or just some guy who

graduated med school before you were

even born and when things in the medical

industry was very very different to what

it is today so if AI is able to diagnose

all of our ailments it will also be able

to find out what makes us tick I mean

most people are already addicted to a

simple algorithm on Tick Tock now

imagine when AI is able to tailor

everything you see to you not just for

you but specifically made to your liking

I mean theoretically AI could create the

perfect show for you it could create the

perfect ad it could create the perfect

game theoretically it could create

anything specific tailored to you to

reel you in now what does this mean for

the rest of the workforce I am not going

to sugarcoat things a lot of people will

be let go and a lot of people will be

replaced but quite frankly this is going

to happen anyway I mean just look around

you look at the mass layoffs especially

in tech companies when a guy like Elon

walks in one day into headquarters and

realizes half of you guys don't do

anything so this trimming of the fat was

gonna happen regardless but AI has sped

things up and has made even more

people's position obsolete or

unnecessary now whether you're an

employee or an entrepreneur what's going

to separate those that get [ __ ] and

those that don't is really your speed of

adaptation you saw a very similar thing

happen between 2005 and 2010 when it

came to people's speed of adaptation to

the internet and social media now tons

of jobs will simply be made redundant

now you can either sit back and watch AI

take over your job or you can use AI to

make yourself more valuable now what do

I actually mean by that you see with AI

you have all the knowledge and Baseline

of skill in the palm of your hand and in

the same way AI can take your job you

can also use it to make yourself better

at your job so with all of that being

said one question Still Remains which is

how can you use AI to take advantage and

make more money you see whenever an

opportunity vanishes because of a

technological advancement another

opportunity emerges but but they don't

last forever which is why you need to

capitalize on the opportunities while

they persist now when we're talking

about implementing AI into your business

what we're really talking about here is

leverage you see Leverage is the ability

to increase your output without

straining your own required input so

what's really insane about AI is that

it's essentially a newly free way of

getting unlimited leverage because

previously you'd need to hire someone in

order to get that leverage I mean that's

how I had to go about it when I started

my first business back in 2016 and I

hired my first employee a year later in

2017. and that allowed me to scale my

first business from zero to twenty five

thousand dollars in the space of a year

by using the leverage by using other

people but the crazy thing is now anyone

has that leverage so let me actually

show you three ways you can use AI to

make more money now the first one is

agency you see if you run an agency it's

obvious that AI will be able to help you

with all sorts of forms of communication

so let's say for example you spend two

hours a day writing emails well with the

AI they can be written for you and you

really just need to validate them and

just like that you spend a fraction of

your time on emails and over the space a

month this can be dozens of hours saved

and this hours that you can spend

working on your business rather than in

your business and that's really just the

most surface level use of AI the key

here really is that AI allows you to

work on your business which is something

that you only had the luxury of doing

before if you had employees so let's dig

a Little Deeper here let's say for

example you run a paid traffic agency

you can now use tools like Jasper to

write all of your ad copy and all you

need to do is test and validate and the

use of AI extends Way Beyond just

writing tasks there are now softwares

that can generate product photos for you

as well as any other images you need and

this streamlines the entire process I

mean something that previously needed a

whole team of people and many days of

work can now be done in just simply a

few hours and sure you could say oh how

sad is it that now these people are out

of work well these people will never be

fully out of work because there always

needs to be that final human sign off

that final human touch to it and in the

same light these two will can now pivot

adjust and start looking at other

domains and just like companies will use

AI to cut costs you can also use AI in

your own business to do more and this

brings us on to our next point which is

content creation if you are a content

creator or a copywriter AI essentially

gives you access to unlimited number of

ideas no more creative blocks you have

everything you need to start the process

I mean if you are a writer you can use

AI to kind of build out the skeleton and

the framework and then you can simply

fill in the blanks and that means if you

can only handle let's say 10 clients

before now you can probably handle 20

Clans because you are using the power of

AI and helping you really get halfway

there no more ideation sessions pretty

much just pick an idea and execute on it

I mean you really have no excuse not to

come up with something new you are just

merely Bound by your ability to ask

questions I mean if we really look back

in history and analyze the greatest

thinkers what separated them from

everyone else it was really their

ability to ask the right questions at

the right time and AI doesn't take that

ability from anyone all it does is help

people get more interesting answers and

there are tons of AI software's coming

out that will affect all areas of

content creation Adobe just released

their AI which allows you to edit photos

by typing directions and it's only a

matter of time before the same softwares

will exist for video editing and that

means that pretty much anyone can edit

photos in a way that previously only a

handful of people could and that's

pretty much all because the skill has

been productized now you might be

wondering why doesn't everyone use these

tools if it's so easy well even though

we have new access to information and a

new skill fundamentally humans are still

the same and that means we're just lazy

we're lazy we're comfortable and even

though the internet wasn't enough we now

have this thing called AI that we can

use to build businesses to make money

and we can use it in unison with us with

our ability most people just simply

won't do it they're too lazy they're

stuck in their ways and that brings us

on to our third way to make money with

AI and that's if you're a consultant or

a coach you see if you're a consultant

of any sort AI can become your best

friend even Microsoft they just launch

an AI AI that complements their Suite of

products called copilot its workflow is

a little something like this are you

meeting with a client well the AI will

transcribe notes for you and even give

you a summary of the key points and

action items need to make a presentation

well the AI will create PowerPoints

based on the action points and can even

tailor the presentation to your client's

branding need to do an Excel analysis

well don't worry the AI will do that for

you too all of these things are things

that used to take a couple of hours

couple of days to complete and now you

can do it in minutes and the effects of

that is almost incalculable and this

golden window of opportunity for you to

use this before everyone else catches on

and the best part is tools like this

will become more prevalent now you might

be wondering where does this leave you

in the equation that leaves you in a

situation where the most important thing

you need to do is Foster relationships

and if you think about it all of these

big Executives and all of these people

at the end of the day fundamentally

that's what they do the best business

owners make a handful of strategic

decisions and maintain and grow

relationships that means that it's time

to capitalize on your uniquely human

qualities and use the leverage that AI

has afforded to you now if you want to

get a better understanding of what

business models could be used best with

the AI and with the way the business is

being run in 2023 check out the first

link in the description it's one of my

most popular videos and I think it'll

give you a little bit of direction on

which way to take things in 2023 so I

think you realize from this video that

you have a golden opportunity in front

of you and it's your choice whether you

want to seize it or whether you want to

be decimated by it that is your decision

to make but I remind you we are in an

incredible period in the world where

literally anyone can use leverage

basically have employees in the form of

AI for free with a barrier to entry to

start a business or even just a side gig

or a side hustle is so low and the only

thing that's left in the equation is how

serious are you is this a I want to do

this or I will do this that's your

decision to make but as always I'm

rooting for you and I'll be watching you

from afar