How to Build Long Term Wealth in the AI Economy

Summary

  • AI is transforming the job market, causing job losses but also creating new opportunities.
  • To build wealth in an AI-driven economy, I recommend creating income systems using AI.
  • Start by using AI to help find a niche, create a content strategy, and automate content creation.
  • Focus on three main ways to make money online: selling products, affiliate marketing, and publishing for ad revenue.
  • Content is crucial for any business, and AI can help speed up content creation and optimization.
  • Use specific AI tools like machined.doai and make.com for generating and automating content.
  • Begin monetizing through affiliate marketing, which requires less upfront effort compared to creating your own product.
  • Eventually, diversifying income by selling your own products, leveraging ads, and getting sponsors is beneficial.
  • Starting with written content is often easiest, but expanding to video content, such as YouTube, can also be very effective.
  • For video, use AI to generate ideas and scripts, focusing on creating value-rich videos that can gain traffic and leads.
  • Monetization should shift from affiliate marketing to information sales like courses and communities.
  • Consistency in content and leveraging AI for efficiency are key to long-term growth and audience building.
  • Personal branding is powerful because it allows you to pivot without losing your audience.
  • Use AI to enhance productivity but always add your human touch to ensure quality and authenticity.
  • When your income starts growing, focus on paying down debt and building an emergency fund.
  • Maximize tax-deferred accounts like 401k and IRA before investing in taxable accounts.
  • Diversify investments across stocks, bonds, and real estate, and hold some in cash for emergencies.
  • Aim for a balanced investment portfolio with a mix of growth and value stocks, domestic and international.
  • Track your net worth monthly to monitor financial growth and adjust strategies as needed.
  • Building wealth is about increasing your earning power, saving effectively, and making safe, strategic investments.

Video

How To Take Action

Actionable Steps for Implementing AI Strategies in Your Small Business or Personal Growth

Start Small and Affordable

  • Identify Your Niche: Use AI tools like CLAUDE or machined.doai to help pinpoint specific niches where you can create valuable content. Focus on what you know and are passionate about.
  • Generate Content Easily: AI can take the heavy lifting off your shoulders by generating written or video content. Tools like machined.doai can help you produce and automate blog posts, while a script generator can help with video content.
  • Affiliate Marketing: Begin with affiliate marketing since it requires less upfront effort and no product creation. Link to related products in your content to start generating revenue.

Simplify Content Creation

  • Automate First: Use AI for consistent content creation. This might involve automating article generation and scheduling through platforms connected to your website.
  • Expand Gradually: Once you have a steady flow of content, start considering video formats. Create AI-generated scripts for value-rich videos, and then add your unique touch to improve engagement.

Monetization Strategies

  • Affiliate Marketing First: Focus on affiliate marketing before moving on to product creation or paid ad revenue.
  • Build Information Sales: Over time, transition to selling courses, memberships, or other information products. This adds a new revenue stream that leverages your growing audience.

Long-Term Planning and Scaling

  • Consistency is Key: Keep producing content regularly. It won’t be perfect at first, but persistence pays off.
  • Invest in Personal Branding: Leverage your unique personality and knowledge to create a personal brand. This helps in building trust and allows for future pivots without losing your audience.
  • Expanding Revenue Streams: As you grow, diversify into other income streams like eBook sales, independent consulting, or even getting paid sponsorships.

Financial Growth and Investment

  • Manage New Income Wisely: When your income starts growing, prioritize paying down debt and building an emergency fund.
  • Tax-Deferred Accounts: Max out your 401k or IRA before putting money into taxable accounts.
  • Portfolio Diversification: Invest across stocks, bonds, real estate, and keep some cash reserves. Aim for a balanced portfolio.
  • Monthly Net Worth Tracking: Keep tabs on your financial progress by tracking your net worth every month to adjust strategies if needed.

Following these steps will help you create a sustainable and profitable business while ensuring long-term financial health.

Quotes by Wiki Wayne

"AI is changing faster than ever before"

"With the right Frameworks and the right approach you can make a lot of money with a tiny following"

"AI brings speed AI brings volume volume brings Revenue"

"All businesses require content they need to build an audience"

"We start small we create content with AI and then we expand out over time"

Full Transcript

with AI the world is changing faster than ever before so hundreds of millions of jobs are being replaced oops billionaires are making record profits and the middle class seems like it's slowly getting squeezed out of existence so what do we do here well in this video I'm unlocking how to take some of your power back and build real wealth for yourself in this AI algorithm driven economy so in this video it's going to be like three phases Phase One is using AI to create income systems for yourself and then the prompts and Frameworks uh share with you to do it phase two is about scaling your new business to higher income levels and then phase three is what to actually do with this new money to build wealth for yourself once in for all so you know about 5 years ago I was probably in your shoes I was working in the tech industry I was like a middle manager so I was making a decent salary living in downtown Austin I had enough money to survive I could afford my rented apartment and my least car but I wasn't saving I wasn't investing I wasn't rising out of the middle class at all I wasn't doing anything like that no I've always hated the idea of human existence being boiled down to basically working your entire adult life doing things that you don't really like that don't make you happy making money for rich people Al to maybe retire when you're 70 now if you look around you you see that people rising out of this there's one of two people like they're either doctors or lawyers so they went to school for 10 years and they have a bunch of student loans or they're just people who built something for themselves online so you see like YouTubers bloggers people like that but then you see they're big so like the truth is that you don't have to get big you never have to get that big just with the right Frameworks and the right approach you can make a lot of money with a tiny following and I'm going to teach that in this AI course today so let's get into it now before we get started I'm going to be sharing some AI prompts with you prompts and resources throughout the video now if you want them make sure to click the link in the description below I'll send you my top five AI prompts to make money and my free AI master class so you can get started so let's get into it so I've got some slides for teaching and then I also have a number of different things I'm going to show you like different examples of creating AI automations AI content automations and things like that and Frameworks but first let's talk about the current state of AI so AI revenue is 5 Xing uh by 2027 19% of Americans uh are risk of losing their jobs 333 million jobs would be lost so 400 million gained 100 million lost typically uh 97% of businesses are using it and who will benefit from this well right now it seems like the big players are just going to be the big players who already existed Google Microsoft these big players that open AI uh billion dollar companies are really the ones profiting from Ai and it has Ultra fast adoption so chat GPT grew to 100 million users in 2 months that is much faster than like even Tik Tok which took 9 months so what does this mean who is at risk well you know if you're In Like A Creative Design field like generative AI is kind of going for those types of jobs or some types of marketing jobs it's kind of hitting White Collar jobs now who will make the most money well we have to take some of the power back for oursel now we have to realize a couple things to make money with this like the internet has Consolidated people spend an average of 7 hours a day consuming content on the internet which is condensed down to about 70 to 80 % of total time is owned by six companies alphabet meta Tik Tok Amazon Microsoft and Twitter that is it that is where people are consuming 80% of their time 17 years of human life on average is spent just on these stupid platforms now that's where the economy is going so we have to think about it it's really simple at its core there's only three ways to make money on the internet when it comes to Ai and just making money selling your own product that's e-commerce or Services selling someone else's product affiliate marketing and then just being a publisher making ad Revenue ad Networks sponsorships that's pretty much it now there's only three mediums to do this to build an audience no matter what kind of kind of company or brand you want to build you need an audience and it's either video audio or text words visuals or things that you hear all right so that's what people consume on the internet there's only a couple different business models e-commerce software a local business agency model or content so what is AI going to do how do we narrow this down well AI brings speed AI brings volume volume brings Revenue we need consistent backlog of content to build an audience it's kind of like having your own employee so we're going to train the AI in a perfect way to make money with content because here's the truth all businesses require content they need to build an audience so whether they're doing e-commerce or an agency or anything like that contents the number one choice I think it works the best because it doesn't require upfront Capital like a bunch of inventory or products to sell or customer service or all of those things that require creating content anyways so when we do that we have to realize the truth about income is we live in this algorithm driven an economy so basically we need to create custom AI Frameworks that work for these individual algorithms where people consume all of this content Google YouTube LinkedIn Pinterest all of these different platforms we're not going to use all of them but pick one uh to get traffic and make money it's really that simple so what we're going to do is we're going to use AI to find your Niche Niche to develop a Content plan for you to automate this content plan and speed it up and then to build an audience on the places that people buy things Google and YouTube so really there's five ways to monetize here there's affiliate marketing that's always the first one because we're going to recommend other people's products before we have our own it's a lot easier we don't need to build our own product or have an audience yet to create that into our content plan then ads and sponsors kind of just go on in the background then we have selling services can be a fast track and then the long aim really selling your own product is going to be the key so content and products is what makes you rich building an audience and selling things is what works so to do that we start your content strategy we start it in one Niche over time you go from a tiny Niche business to a bigger personal brand so we start in one Niche call it B2B sales a specific sub Niche we talk about B2B sales we talk about sales processing team building CRM software intelligence platforms we kind of learn and this is the AI content that we're creating to be known for this one thing and then we dominate that area and then we can expand out over time maybe we talk about B2B sales and sales psychology and sales training and then we become known as a huge brand in sales and we can even expand that further from sales product maret marketing business development we start small we create content with AI and then we expand out over time so here I have an AI Niche generator I'm going to paste this into claw AI it's a system prompt it's like a page and a half long and it'll help you kind of come up with your content strategy when it comes to AI so you can choose like what's your main niche of interest I'm going to say AI content and then inside of that it'll give you five content categories of things to create content on so like best AI writing tools Ai and digital marketing content optimization content strategy AI ethics and future Trends then you can pick one of them I'm going to say let's do AI writing tools choose one and then it'll give you 20 ideas for different pieces of content that you can create around that based on target keywords and really going deep on these specific topics because when we go deep on topics we become an expert in those topics and we can monetize them so this is a free and easy way to find like the niche that you want to get into when we're talking about creating an AI type of business another way to do this is to use a tool like machined so there's a tool called machined doai and you can create a Content cluster of AI cont content that you want to create so let's just say I have ai I'm going to do um AI content and then I'm going to do AI writing and I'm going to say the audience would be um people interested making money with AI content whatever you know I'm just going to show you a vague generalization here English autopilot it'll choose it for me give me 10 Global region 10 cluster of 10 keywords to create and what it'll do is it'll create this cluster for me and then all I can do is I go in I choose the tone the style of voice the AI tool to create the content for me some settings and look at this so we have all these different keywords AI writing assistant writing tools content generation blogging all of it now I can choose them all I can say I want all the Articles to be very long I want to use GPT 40 to write the articles I want to be a friendly tone of voice which I found works really better to humanize it gets really good humanizing scores firstperson perspective do research humanize them so there isn't really a good way to click got up for all of them I don't think but I'm going to say humanize them you can do enable internal linking to link between them you can use pixels unsplash or dolly for the featured images in this article so this is creating article content prevent duplicate links and then all I do is right here I can click write or I can select them all and say write them all I write all of them and then what I do is I can uh do CMS connections add my WordPress site or my web uh web flow site right here super easy you just put the website in you don't do it manually you hit connect and it adds it for you and then all that you would do here is you would go to the cluster it's writing this article it's done pretty quickly and then I would select publish to CMS and then it adds it automatically to your website and it's done now you can always update this add your own Human Experience but this is the power where we're at where we can create 10 20 30 articles immediately that can rank content with AI then once it's done we just hit read we can see it we can view it it has images already so it's got uh some interesting content it has table stuff laid out all these different pieces of information for it and it's pretty much good to go now we can always edit this content Fix It Up Add our own human take humanize it a bit however it does really well in AI content detection and plagiarism scores so there's literally a world now where we can just create a ton of content immediately also there's a tool like make.com with AI where you can really automate the entire sequence of events so you can say I want to use a custom AI prompt with Claude or chat GPT put it into Google doc put it into send it to me via Gmail or just send it right to WordPress so you can say you know use this very specific prompt based on creating an SEO optimized outline based on a topic add a meta description add the keywords add all of this stuff you know the AI tools now can take pages and pages of content 50 100 pages of content uh and just you can use a tool like this to automate it all so it's a system prompt you create it and you can just automatically send it to WordPress where it's just publishing and we can use this for almost anything like automate your LinkedIn posts create automated AI templates in anthropic with Claude get into a Google doc to Google Sheets and then every time if I want you know four more blogging related ideas for LinkedIn posts I click this button click this link and then automatically it goes into the outputs tab where I can think okay here it comes psychology impact of blogging and then if I click this link it creates a doc for me so I can see the full written post and I've trained it on the Ada framework and other ways that you supposed to write specific types of content optimized for LinkedIn so it's pretty good it's a good framework but you can use this for LinkedIn for any type of social media content YouTube blogging all of it so there's a lot of ways to use AI in our own process this is just for the writing component we're talking about like AI writing AI optimization writing automating the process and then if you want to make a few hires your first hire should be used to scale your content production so getting your either your written content or your video content published a lot faster the second higher can be uh monetizing the backend sales engine so we covered a little bit about written content let's cover YouTube now video content is a similar approach I have a a uh AI YouTube idea engine here that comes up with an idea so like let's say I want to do a niche of crypto I want to talk about crypto I want to build an audience around that sell my own community and make a bunch of affiliate Revenue through that uh through different platforms and networks uh so you can talk about different things Basics trading strategies dii nfts uh let's go into Basics crypto Basics so then it'll give us 20 video ideas that we can create so it's all about speeding up the process of creation and no we're not just going to always publish like crappy AI content we're actually going to make it our own but we can use AI as these Frameworks to make things a hell of a lot faster so you can see like cryptocurrency terms wallet set up buying Bitcoin for the first time all the crypto chart reading so let's say I wanted to create a video on that well we could use something like this AI YouTube script generator I created as well so we can take that copy it paste it here and then this will say based on that you know keyword or video idea it'll create a script for us and what we can do is I'm going to say like let's do um reading crypto charts that it gave us so I'll say that one and then it'll give us a full script so the script I don't like the fully full scripts where it's like every single word is teleprompter so like I think it should give you a good introductory script so that you entice people and get them interested in the first 30 seconds of the video then you need a call to action placeholder to actually make money so clicking affiliate links you know an affiliate link for a trading platform or your own product here sending a link to a product page because we know on YouTube the monetization path is like the YouTube description is basically the monetization engine you add links to your own stuff links affiliate links and all of that then if you know about the topic pretty well for example crypto charts you could just kind of read the intro then go into these individual sections and that's how I do a lot of YouTube videos is I can read something support and resistance levels and I can talk about what they mean because I have a little bit of knowledge on the subject I talk about this AI stuff so it gives you all the things to talk about gives you the conclusion but you can build a pretty fast YouTube schedule and actually like creating a simple talking head video building a personal brand that way with simple content where you're actually monetizing through affiliate marketing selling your own product eventually and then sponsors and ads those four revenue streams are a lot easier when we're you know trying to build wealth in this AI economy because those four revenue streams are opened up when we teach so if we're teaching through our cont content we can monetize by recommending products affiliate marketing and selling our own products plus ads and sponsors now when it comes to monetization we start with affiliate Revenue first because we don't have a product yet we don't have an audience yet so affiliate marketing makes a lot more money than just ads so people wait for the ad Network on YouTube or on a website and just makes more sense to focus on that from the beginning and then after that you move to information sales so affiliate marketing is first where you're getting traffic from an algorithm to a website to then make affiliate Revenue people click your affiliate links and and you get paid for the sale you don't have to create the product it's how my blogs made over a million dollar 3 years in a row just from affiliate marketing now the big part is selling information so once you have that in place the next step is actually selling your own product which is course Community Information type business now you optimize a sales funnel for conversions what that looks like is basically you get traffic from the algorithms to an opt-in page to your email list then they get an automated welcome sequence to a sales page and then buy so for example if you're teaching crypto on YouTube you say hey join my community added the add it here or send them a free crypto beginners guide and a lead magnet to get their email to then send a welcome automated sequence to a sales page where it's your course in community to make money that way now if we go back we have to think about the math of this because you have an evergreen and a promo strategy with information so Evergreen you can be making money every day on autopilot when you're getting consistent views that's the key consistent views in traffic from a Blog and YouTube channel so the math kind of looks like this if you're getting 15,000 views a day on your stuff on your YouTube channel let's say that should lead to 150 leads a day that's a 1% YouTube to lead rate 1% of people watching YouTube will click and join your email list and of that we'll say three people buy a day because that's a 2% conversion rate so that's three sales a day at $1,000 for your course equals 3,000 a day or 90,000 a month you now have a million doll business now that's a simplified version and I've seen people say how could you ever $1,000 good luck selling a $7 course you've been on Tik toac too long if you think that there's plenty of people selling 500,000 High ticket courses all over the Internet um we do much more than this so um that's kind of the strategy you don't need a million views now if you have 15,000 views on a prank video you might make like 20 bucks no actually 15,000 if you have a $22 to4 RPM you might be making if you're lucky on 15,000 views I don't know 30 bucks 40 bucks who knows the exact number that depends on the niche but with this monetization strategy when you're actually selling stuff through your content that's what makes money it's kind of silly if you think about it that people don't understand that sometimes it's like how can you not go viral and make money well you have to sell products through your content and we're still really in the early stages of people doing that so there's a lot of opportunity now this there's also two types of businesses out in the world there's what I call Creator businesses these are brands that they they grow fast right so they go up quickly and then they kind of max out at $1 to $3 million these are profit taking businesses you're not going to sell them like I'm not going to sell my personal brand I'm going to take profit every single month from it and build a lifestyle around that now it kind of does max out at a certain number we got it to over five but we kind of realize like after that it just starts getting diminishing returns you have to start building a team scaling sales it's just too much for a single person personal brand information business so this is what it is at this point but this is a really good lifestyle business to have this is what we're talking about whereas an acquisition business this is very slow start and grows over time so this would be like a software company or a franchise or something that could be acquired in the future the goal here is acquisition because I would want to build something slow like a software tool or something like that reinvest all the money back into it to eventually have it grow but my goal wouldn't be to take profit out of the software company it would be to sell it and then make a large profit on the back end over 10 million plus it just requires a lot of a different strategy so these are the two types of businesses that should be created on the internet the easier one to with faster growth is this Creator economy-driven business where it can grow fast you can make affiliate revenue and information sales and it does cap itself at about 1 to 3 million a year typically but these are the two to think about so basically you pick one and I think this one is the better one to start with because you just pick a niche with AI you start creating your content strategy this is a personal brand type of thing so no effort will go to waste because even if it takes a little while to get traction you can always pivot your strategy adapt Test new affiliate offers try new things until we figure out what work because there's a lot of a failing forward effect here and then we can start building income into our life on the side of our job until we can eventually take it fulltime so the big decision here is do you start with services do you want to do an agency model where I'm going to get clients I'm going to do stuff on LinkedIn or do we want to do I'm going to sell information now that's a highle overview of how it works in a nutshell how you can make money on the internet with the use of AI Automation and creating content for human beings right so there's Nuance to it it's not like we're just creating crappy AI content publishing it like everyone else does we're using AI as Frameworks with the right algorithm business strategies and then we're editing and optimizing the content ourselves as humans we're creating strategy of consistency over time being known for one thing in one Niche to teach and make money it's really that simple now what do we do with this money when we actually make it well let me tell you a little story so I started my blog in 2019 and I used these startup growth principles back then before AI even started to grow it to First a few hundred a month then about $5,000 a month then 10 then I took it full-time and I got it to like $80,000 a month which just a single freelancer a writer and one assistant so I was making a bunch of money but I didn't know what the hell to actually do with it I actually traveled the world for 6 months I went to Europe Asia Australia I lived in airbnbs for 6 months straight right before Co hit then I moved back home and I was still making money but I was like I wasn't really saving CU I didn't know what the hell I was doing 5 years later I now know kind of what to do a little bit better after five years of research now this is not Financial advice this is just how to build these systems into your life because I was in a position in the past where I was making my first job I made 42,000 a year before that I was working at a pizza place making $9 an hour when I was 26 I failed out of college got back in graduated when I was 24 college with a degree I didn't know how to use student loans and an alcohol problem so that was always fun working at a pizza place finally got a job for 42,000 I remember I was living with my brother in an apartment in an arbor and I think my take-home after tax pay was like 2,200 a month or like 2,400 a month so I was able to pay $700 splitting an apartment for rent some utilities and I spend it all I remember I had a spreadsheet I said if I have $2,000 in my bank account at the start of the month I'm good what happens is you start making more money and then you realize I want more money for this month and then next month and then the next year and then the next 10 years and then the rest of my life I don't want to worry about it now I'm still not there yet but I have learned over the Last 5 Years kind of what to do when once you start making this income because if you're just making money from a job and a salary the typical American blueprint American dream is save 10% maybe 20% of your income well if you're saving 10% of $120,000 a year that's $122,000 a year the average American needs like two to $3 million to retire so how long is it going to take you like most of us start in our like we do it and then in our 20s we're not ma most people aren't maxing out their 401K in their 20s okay if you are good for you I was not I was putting the minimum in once I actually got a job that had a 401k when I was like 27 so I started this whole online business thing when I was 31 I'm 36 now over the last 5 years I've made and spent a lot of money made a lot of money spent a lot of money invested a lot of money so this is not Financial advice this is just kind of in this AI World starting the systems and what do you actually do with the money so again this is for entertainment only this is not Financial advice the first thing you need to do is just get your house in order pay down debt pay off credit cards pay off student loans and just get your debt down so that's where this can help you what's nice about the side business of like an AI or a Content driven business is that if it's on the side of your job 100% of the profit you can just funnel into this other stuff you can live on your job and then accelerate your retirement savings your Investments and your debt reduction with this type of business that's how I started I still remember I was in Australia and I made my final $7,000 student loan payment and it was gone now I didn't have a bunch of money but hey I paid off my student loans so that's the first step so paid on debt building emergency fund I like a high yield savings account you can get like an easy one on like Capital One or other platforms with like a five four to 5% right now uh interest rate so you're making 5% on anything in there so you can Chuck money in there into an emergency fund so those are the first two and then after that you want to max out your non- tax uh your tax deferred account so 401K you know Max that out max out the IRA uh if you have that so I have a like a solo 401K because I am a you know LLC es Corp just as myself so I have a solo 401K that I max out every year so that money at least is an expense that is not taxed until later and you can max out like a health savings account so any type of taxable account you can max out so you just want to save cuz like again if you're making a lot of money with AI content and you're you're running any type of online business if you're watching this video and you're making good money through a business just max out the taxable stuff first because this will just save you a little bit of money at your tax rate if I put you know I think it's like 7750 7,750 in the HSA 60 something, is the max of a 401k that gets maxed out pretty quickly if you're making a lot of money so then you invest the rest into a brokerage account so you have to put it into a taxable account right so you put it into a taxable account now what's not bad is like you have a normal brokerage account at like tdit trade or wherever and you don't touch it right so you're not going to touch it for a really long time so you're going to be taxed that money you're going to be taxed on that money when you withdraw it sure but you're going to only be taxed in the future when you withdraw it and your tax rate will be different so if I put a bunch of money into a brokerage account let's say I have a million dollars in there I wait until I'm it's growing let's say it grows to 2 million and I'm 50 years old and I'm like I want to take the money out well if I don't have business anymore my income might only be not much it's just you know whatever I'm taking out so I'm paying a lot less taxes when I take it out at a much lower rate and even if you're married you could take out I it's like 80,000 or something it's something that's a decent amount of money before you start paying taxes on those gains so anyways you begin investing uh maxing out the non- tax accounts first and then putting into taxable accounts after that so really you think about what index funds or ETFs do you start investing in well you want to have a stock to bond allocation it's usually like 110 minus your age so for example if you're 35 it's 110 minus 35 so that's 75% stocks 25% bonds that's still pretty conservative you could go to 120 minus your age um right now it's like I feel like currently we're in this kind of everything bubble where it's like things are going up but things seem inflated like they're going to go down so it's good to just diversify you don't want to hit if you had all 100% TCH tech stocks or just like Tesla and apple then if something you know if money shifts out of tech into consumer disc discretionary another uh health care or something then you're going to have a much bigger hit than if you're Diversified so really diversification includes domestic versus International so maybe 30% International large cap versus small cap more large cap typically and then growth versus value so some stocks are based on growth how much is the stock price going to grow to increase my revenue and then value is more like what dividends am I going to be making based on that stock so there's like broad market fund so Vanguard has it like vo VTO just go with the total stock market index if you're if you don't want to if you don't care at all you don't want to look at it you can just do a version of the S&P 500 within your account or like the total stock market and then have some total some International and just be done with it so you don't have to overthink that part it's kind of the non sexy approach to doing it but you can also look at you know after that Building Wealth in a simple way buy and own your own home put 50% in these are just random numbers 50% index funds 30% towards real estate hold 10% in cash and then I'd say Throw 10% in speculative stuff crypto GameStop gme you know Dogecoin whatever you want just try you know you can always throw money at things that you think as long as you have you know this you're willing to lose this so it could be a meme stock it could be crypto it could be just something uh if you do some Angel Investing I do some of that it could be something like that but you want to mainly have broad market index funds and a house that you own it's the simplest thing there's a book called the psychology of money by Morgan howel it's a really good book you can find it on Amazon and it's like it's really smart about how most money decisions are emotional not uh strategic and after the whole book is done he's like yes I you know he's made a bunch of money with this book but all he has is like a single investment account with broad market index funds and he owns his house and it's really that simple you have a lot of people shouting from the rooftops you need to invest in real estate or this Airbnb arbitrage strategy or this stock versus that stock or day trading or crypto or all of these things when really the thing is you want to make money with mechanisms that you control your own business and then once you invest it you want it to be a safe investment not something that you can risk so that's the thing that a lot of people do they have a they have a salary and then they risk it all on crypto because they need from a small amount they need it to 10x or 100x now with that we're kind of losing control of the variables here we don't know what's going to happen with different altcoins for example we can't control what happens to them what we can control though is like creating a business for oursel increasing our income and our earning power over the course of our lifetime in a slow steady way and then taking that money into safer Investments to grow slowly and steadily not worrying about 10 Xing or anything crazy like that but just you know creating real wealth so ultimately step one you increase your skills you start a business most most people do get stuck here they have a job they don't eventually take it full-time now with this approach you know creating AI content building this type of business you're going to suck for a while but it's about the discomfort failing forward that makes you better there's a real reason that personal branding and content is best because like I said every business needs content every business needs to build an audience consistently every single month with a backlog of stuff either ranking on Google or getting views every month on YouTube over time and personal branding is the best because no effort goes to waste you are the only Niche that you won't quit step two you monetize and scale with AI so you use AI to speed up all your processes you teach you can be known for one thing uh known for one thing you start with affiliate marketing ads and sponsors and eventually you sell your own product you get all of those different revenue streams growing and then you invest your wealth you get everything in order and then you max out the taxfree tax deferred accounts you scale the brokerage account own a home and then begin tracking your net wor in a spreadsheet every single month so just start tracking the number hopefully it goes up over time so that was a lot of information I admit it don't get overwhelmed with the information you don't have to do anything that I said I'm just showing you some options because a lot of the times people don't know these options are out there so hopefully some you found one piece of information that was helpful in this video so let me know if you did let me know if you have any questions on anything and again if you want the AI prompts the Frameworks my free AI Master Class to get started with an AI type of business where you're creating content for yourself once and for all make sure to click the link in the description below and I'll send you that free training free resources hopefully that was helpful please check out other videos on the channel like the video it means a lot and I will see you in the next one

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