Summary In today's episode, I explore how regular people can generate realistic income using AI tools without falling for get-rich-quick scams. Here's what this means for you. You can leverage AI's speed and scale to fulfill actual market demands and create profitable products. You'll also learn these concepts: how to identify profitable niches by observing…
Summary In today's episode, I examine the challenges of building AI systems for stock market prediction. Here's what this means for you. You can avoid the pitfalls of chasing market sentiment by using AI to build specialized expertise in stable, fundamental sectors. You'll also learn these concepts: why the stock market functions as a lagging…
Summary In today's episode, I walk through how retirees can use generative AI as a practical tool to make more money by optimizing existing activities or offering entirely new services. Here's what this means for you. You can treat AI like a very smart intern who handles tedious tasks with the right detailed instructions, freeing…
In this YouTube video, Christopher Penn explores the question of why the banking system is such a mess. He explains that banking has always tried to find ways to be profitable and that the money is made through investing rather than purely being a depository institution. However, this leads to a commingling of two things…
Summary In today's episode, I explore why the banking system is such a hot mess and why we don't simply deposit and withdraw money directly from the U.S. Treasury. Here's what this means for you. You gain a clear understanding of how fractional reserve lending and the commingling of deposits with risky investments create the…
Tim asks, “Is salary transparency a good thing or a bad thing in job listings?” Salary transparency is a good thing for job seekers and workers, as it allows them to see if they are being paid a fair wage for their role. It can also help to reduce discrimination and inequality within an organization.…
Let’s talk about crypto winter for a bit. There’s obviously a lot going on, a lot of big headlines, but not a lot of attention on the macroeconomic picture that’s an underlying cause of crypto winter. First, let’s set some basic definitions since economics isn’t everyone’s cup of tea and talk about inflation. Economics 101:…
As someone who worked in the student loan industry for years (2003-2010), loan cancelation ignores the fundamental problem, which is that there are no pricing controls AND no free market controls on tuition costs. In a truly free market, exorbitant prices would reduce demand and colleges would either have to cut prices or have fewer…
I was asked recently on Facebook about consulting billing rates: “Was wondering how you work your consulting business? Is it per project? Per month? etc. I have had a few people ask for my help and I just am not sure where to start.” Great question. There are two methods for assessing your fair consultant…
