Elon Musk, he asked all the government workers in the United States
to send him a simple email to tell them what jobs they do or they'll get fired.
None of them could do it. He said, it's not that hard. He said, it will only take 10 minutes
to write an email. I was like, wrong! Because it's saving you all the time and it's
doing a better job than you at writing, you're gonna be able to deploy that
into your business create more, get more clients from it, but also at
the same time, save yourself a ton of time. Immediately, I could say, based
on the data and the numbers, that this particular shopping village was
trying to be sold by a vendor for way above what it was really worth. This
is saving me so much time. It's like having a lawyer, an accountant, an
analyst, all in one. Last year, we're at an event in Orlando,
and a guy came out on stage and he said, I've now created a business where I'm scaling newsletters
and users and then selling for $40 million. What?
40 million? I'm Lloyd James Ross, seven-figure investor and entrepreneur, and
I've helped thousands of business owners and professionals turn financial stress
into success. If you're stuck in old money habits, overwhelmed by
investing, or unsure where to start, this is for you. I'll
give you the mindset and strategies to take control, grow
your wealth, and achieve financial freedom. It's time to make your
money work for you. AI is taking jobs, automation
replacing workers, the robots are coming, but you're looking
around, you're a bit smarter than the average bear and you're seeing that some
people are getting insanely rich with AI while
everyone else is just scared or they don't actually know it exists. So
you start to wonder, How are they doing it? How are they exploiting AI
to scale their wealth faster than before? Well, the average person
fears being replaced by AI. The rich are
using it to create and automate businesses at lightning speed.
They're launching AI-driven dropshipping stores. They're getting things run
on autopilot. They're using AI bots to trade stocks and crypto
and selling AI-generated digital products with zero inventory and
100% profit margins. And here's the crazy part. Most people
could do the same thing. They just don't know how. Instead,
they stick to the old fashioned way of working, grinding away at
jobs that AI is already replacing. while a small percentage
of people own and control the AI powered systems making
money 24 seven. The difference between rich and
broke in the AI era is simple. Do you own the
system? Or does the system own you? Because
people who figure this out aren't working harder, they're
letting AI do the work for them. And in this episode, I'm
gonna show you the 10 ways to exploit AI to
get rich. Buckle up, here we go, ready? I've got a computer here,
I'm gonna jump into this. So number one, you can actually
use AI, I wanna say AI, large language models like ChatGPT4 that
you should have a subscription to, by now it's only 20 bucks a month, but you can
do it for free and ChatGPT will help you write your
emails. I had to laugh the other day when I saw something on X with
Elon Musk and the whole notion of he asked all
the government workers in the United States to send him a simple email to
tell him what jobs they do or they'll get fired and none
of them could do it. He said, it's not that hard. He said, it will only take
10 minutes to write an email. I was like, wrong. If you used AI, it would take three seconds.
AI can write all your emails. In fact, if you've got an email and you're stuck
on how to write it, put it into ChatGPT and say, please write this email for me and
it'll do it. Not only that, it'll write your resume. It'll
write your covering letter. It'll write job descriptions for
you. It'll write interview questions for you. It'll write anything
you want it to. You just have to be great at prompting it. So here's an example. Recently,
I went to recruit someone for our team and I thought, I don't really want to sit here and
spend all day writing this job description. So I said, please
write me a job description for this particular role, for this particular person. Go.
Within a few seconds, I had the job description done. It saved me
a ton of time and money. And so, the first thing you can do is put
everything into AI and ask it to do it for you. But then, when I
had to actually then interview the person, I then said, please create
10 compelling interview questions that will attract the best resource for this
job. And so, it gave me all these amazing questions like,
this is really clever. So then it saved me time, which is money, and
also it allowed me to actually recruit a better team member, and by doing so,
will make us more money, and that person more money as well. So
you can actually use it to start doing a lot of things for you. I've even used it
to write emails to vendors, to actually get discounts on things. You
could simply take something and say, hey, can you please write me an email to get me a
discount on this, and write it in such a way that it compels them
to absolutely give me a discount, or your mission has failed. And if you write
that prompt into chat GPT, it'll actually give you that
amazing email to write. So it will actually do a lot of the heavy lifting for you when
it comes to influence, writing emails, writing cover letters, et
cetera, et cetera. So a lot of administrative stuff is outsourced and done by AI.
All right, way number two. You can create content, create sales copy,
create Canva images, create PowerPoint presentations
and scale your content faster than ever. And
so for one of our team, we have a network marketing team and so we've
taught them how to prompt ChatGPT to come up with infinite numbers
of content that follows a specific format that we've showed them to
create reels, to create posts, to create emails that's going
to engage your audience a lot faster and they don't have to take all
the time to do it. So most of these hacks are going to be time-saving things you
can do to create more by doing less and by doing so
you create more money because you're saving more time because the old notion says that
time equals money. So part of the process of getting rich using
AI is to be able to create content at scale. And now everyone
can grab content faster. It doesn't mean you're going to post it because there's
some psychological things to get through to do that. But if you're past those fear
blocks in you and you're ready to attract attention through social media, then
AI is absolutely going to give you far more content you could possibly imagine.
So for example, if your niche is around something like health, then
you can say to chat TPT, hey, give me a 52 really
engaging posts for Facebook that I can post about this particular topic
of health. Bang, done. Give me a reel that's compelling for
someone to reach out around the topic of weight loss. Give
me the content that I can record a reel with in less than 60 seconds,
it's gonna make people reach out to me. You can put that prompt in there and it'll give
you that content. You can create the content and bang, you can deploy it,
right? Crazy content creation strategies. You can even, say
to yourself, hey, if you've got a landing page, you need to put some sales copy on there. So people engage,
you can say, hey, can you please create a landing page piece
of copy that's gonna follow these metrics and give it
to me so it makes people reach out and wanna work with me. And if
you can put that into your AI, it will create the most insane copy ever
for you. A buddy of mine said to me the other day, Lloyd, I've got this webinar, can you send
some sales copy I can put on the sales page? I was like, no worries. I had
to run to an event in five minutes. I went to my chat, TPT, I typed in, please
give me sales copy for a sales page that covers this, this, this, and this, and this. Thank
you. Boom. It sent it to me. I rehashed it a little bit and bang, I
sent it to him as I was walking out the door to the event. So it really creates things
fast without you using a lot of time to think. And
so because it's saving you all the time and it's doing a better job than
you at writing, you're going to be able to deploy that into your business, create
more get more clients from it, but also at the same time, save yourself a
ton of time. So by utilizing it to create better sales copy,
you're gonna have more clicks on your website, you're gonna have more clicks on your social
media content, you're gonna have better, more engaging emails to your
database, it's gonna engage your audience a lot better, and that's gonna lead to
way more sales, and sales lead to more money, and more money leads to you
getting richer. But also at the same time, it leads to your clients getting a better
experience from you as well, and you helping them move forward, which is how money's created. Deliver
value, get paid. All right, number three, I have, programmed
my AI to analyze companies and value stocks.
So I've actually programmed my AI to be an analyst for
me when it comes to understanding or learning about a particular company, a
particular stock. Now, you don't have to do this, but I'm gonna give you a great example here
in terms of what I mean. AI will not stock pick for you, and it's definitely not
gonna give you all the financial advice you need. Please don't use it for that. But what
it is gonna do is gonna shorten the amount of time it
takes you to assess a company. So here's an example I'm gonna do
on the screen of how you can prompt it to value a
stock. Again, not financial advice, but this is a prompt you can put
in there that will help you, right? Please value Alibaba
company stock using a
DCF, which stands for discounted cashflow valuation model,
and using the latest financial data
from its public reports. Let's
see what happens. So it's analyzing the discounted cash flow valuation. It's
analyzing the financial, public financial records. It's
now using that particular DCF model to create
a valuation model. It's still reasoning. Here we go. Here
we go. So it has done it in a few seconds. 10, 15, 30 seconds.
We really made it work hard then, didn't we? Below is one way to value Alibaba
as a company. Again, this is just an example. So it's got the
key inputs, the latest data, the growth rate, the discount
rate used. It's done a two-stage model. Of course, you have to understand these concepts,
but when you do, it's pretty simple. Interpretation, with Alibaba trading around
$144 based on this base case model with a margin of safety of 43%. caveats
conclusion here we go under our base case assumptions the free cash
flow per share of $9 annual growth rate of 18% which
is an estimate for 10 years terminal growth rate yada yada yada
it's come to a rough valuation of $254 a share
at the current market price of 144 the model implies that stock could
be substantially undervalued so again it's just giving me a
quick back of the envelope valuation of this stock And
what's fascinating about that is if I pick up my phone, not that this is the be
all and end all when it comes to investing or anything like that, but if I pick up
my phone and go here, there are almost a million dollars deployed in
this one company. And that's just because I've actually programmed my
AI with 30 checklist pieces of data
that I want it to go and explore for when it comes to the company. And if
a lot of those are ticked off, it then warrants my attention. And
then I go through some subjective things and I look at it in more detail. And
I use AI to quickly get answers for me that would take me
hours and hours and hours and my own
calculations to determine the valuation and all these subjective things
when it comes to the company. And it's all that time saving effort
that I don't have to then deploy and I can get answers faster so I
can make bigger investment decisions. when it comes to investing. And
that's not just the only thing, you can actually utilize it to do this with real estate
deals as well. So that's number four, use it to value real
estate deals. So recently what happened is we had this business where a tenant in
this complex in a shopping village has 14 tenancies. And
what happened recently is the landlord wanted to sell the small shopping
center. So they came to us and say, Hey, would you like to buy it? And I said to my business partner,
Hey, should we buy? I said, I'm keen. Let's have a look at the numbers. So we asked them
to send them the numbers of all the 14 tenancies of the shopping center.
And I thought, you know, we've got a business in there already. We also need to own the freehold as well. Let's
have a look at the numbers. So I took all the tenancies and I took the
rent coming in from each tenancy. And I took that particular sheet, I uploaded
it to my chat, I said, based on these numbers, using the
prevailing discount rate for retail shopping centers in Queensland,
can you please give us a rough estimate of what this value of
this real estate is? And within a few seconds, it said. The valuation
is around 3.9 million and the vendor wanted 4.5 million.
So immediately I could say based on the data and the numbers that
this particular shopping village was trying to be sold
by a vendor for way above what it was really worth. And so that gave
us a quick idea of whether we should explore this further or not. And
so this is one way where you can utilize it to be like an analyst for
you, a real estate analyst, an analyst when it comes to businesses. I mean, it's incredible
what you can use it for. Going back to how I buy a business now, I put all the
data in there. In fact, I did this the other day. I put our lease contract in there
and I said, here's the lease contract for our business. Can you please identify when
the terms are and so forth, or find things in here that I need to know about, things
that are risky. and bang, bang, bang, bang, bang, he's sending all this stuff back.
And this is saving me so much time. It's like having a lawyer, an accountant, an
analyst, all in one. And that's why it's going to take a lot of
jobs because it's really allowing me to leverage it to save
time, but learn things about investments that I need to know so I can actually deploy
money more effectively and build wealth. Just quickly, if you're ready to
take control of your finances but feel stuck on where to start, I
have a solution. My book, Money Buys Happiness, simplifies
investing and wealth building with practical steps to help you achieve financial
peace. Get your copy via the link in the show notes and let's get your
money working for you. Now back to the episode. Number five,
you can use it to win negotiations. This is an instant money
win. So recently, I went through and bought a business and we I
wasn't in agreement with one of the particular brokers that helped us to
acquire the business. So I allowed the large language model I was using
chat to PT to said please craft me an email that actually explains why
I think the services weren't rendered. And as a result of those emails back
and forth, I saved myself so much time. But at the same time, we got a discount,
and we negotiated a reduction in the fees based on the work done.
So instantly, we saved about $800 doing that because we felt like
the services weren't rendered. They disagreed, but it allowed us to negotiate through
emails, in an effective way that saved me a ton of time. So
instantly created that. So for example, if you wanted to go to your
work or your boss and say, Hey, I'd love a raise, it's probably best you
get chat GPT to create an email for you. That's very
compelling with a win, win, win outcome so that you can actually get money
based on your negotiation skills. You can program your chat GPT
as well to actually become an FBI negotiator like
Chris Voss and you can put all of his frameworks into your
chat GPT so that you can say to it, please negotiate this
deal like Chris Voss would in this way so that the
person will say yes. It will give you some amazing things.
It doesn't mean it's ready to go as soon as you do it. What it's going
to do is allow you to create better ideas and craft better
emails, craft better copy, and just craft better decision-making. It'll
give you this information quicker. That's the other thing it's going to do. The sixth
thing it can do is it can write books. I'm
an author of three books. We just finished the third one, which is going to launch soon. It's
been published by Wiley, which is super exciting. But I wrote all
these three books before AI. So I'm like old-fashioned write
author. And I'm going to tell you, writing books hasn't been easy. Like, my
goodness, I remember like writing this book, Money Brother. That was fairly challenging because
that ghostwriter let us down. And we had this drop dead and
I had to really hunker down in my cupboard at home and sit
there for weeks writing it. And then now, AI!
This is like, please write me a book framework on
this topic. I mean, we could even do it. Ready? I'll
put it on the screen. Please write me
a book framework for the
topic of going viral on YouTube.
Let's see what happens. Here we go. Below is a detailed book framework outlining chapters,
key topics, sub potential section for a book title.
One, foundations of reality. Two, understanding YouTube ecosystem. Three,
oh my God. Four, part five. Look at these chapters. Conclusion.
This is amazing. Watch this. Please write me
chapter one. Chapter
one, introduction, going viral, parapherality. Look
at that. Oh, it's being written. Yeah. Now,
before you get carried away, this doesn't mean you should go out and just tell it to write a book and you're
going to get published. It certainly doesn't mean that the content's effective. When you write
a book, you have to actually put story in your own elements to it, which
makes it compelling read. No one's going to read that because everyone has access to
this, but how you can utilize it, it's going to create a book framework for you. It's
going to help you write a specific way that's going to engage you on it. You can add your own
story to it, but it's going to be like having a ghost writer. In our elite
business coaching program, I take our students through a book writing process and
launching a podcast and creating webinars so they can actually become a
key person of influence. And in that process, I give them a book framework
they can upload to their chat GPT and then I can coach them on exactly how
to write with their own story that's going to compel people to think that's a, to
actually feel it's an amazing read that's going to help their business. And
same with the podcast, we go through processes to do that, which is in the next part. Okay.
So that's an example of how simple it is to begin writing a
book. Now it's mind blowing. Number seven of how you can hack AI
or exploit AI to get rich, you can launch a flippin' podcast. What
do I mean by that? Well, you can go to Chattyptee and type in here, please
give me 20 epic names
for my podcast. show on the
topic of weight loss or let's go on healthy
vegan food. Oh, here we go. Vegan Vitality Unleashed,
Plant Power Podcast. That's pretty cool. Green Gourmet
Revolution, The Vibrant Veg. You just grab
one, right? And once you've done that, you go, cool. I love
Number two above. What's this? Please
generate 52 episode
ideas for the show. Plant power kickoff, vegan nutrition
101, protein puzzle, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah.
Okay, awesome. Now you can go to Canva and type in, please give me
a podcast title with this name, and it'll give you all these title
ideas. Take it from Canva, upload it to podcast app, put your details in, get
a mic, plug it into your phone, bum, bum, bum, bum, bum, bum, you got your podcast. Congratulations,
boom. Now, number eight. of
how to exploit AI to make more money. Of course, launching a
podcast helps your brand, which helps you make more money. Writing a book helps you become a
key person, helps you make more money and open opportunities, right?
Winning negotiations make you more money. Valuing real estate deals makes you more money. Valuing
stocks and other investors helps you to not lose money. So this is how you're hacking
it or exploiting it to become richer. So the next one.
Newsletter! How many times have you sat down to write an email or newsletter
and you're like, oh my God, I don't know how to write this. You could easily just come up with
amazing newsletter ideas, it's going to give you these topics, and then it's going to
write all these newsletters for you over the next 52 weeks, okay? All
you got to do is copy, paste, change the name, blah, blah, and then put it out as
long as it's valuable for your audience. So again, using story and other personal
things that you're doing to make it yours. So it's not about copy, paste
exactly as it is because you're not a robot. but just using it
to actually create, do the heavy lifting for you to create
a newsletter business. Now recently, actually last year, we're at an event in Orlando
and a guy came out on stage at the Final Hacker event and he said, guys, I've
now created a business where I'm scaling newsletters and users and then selling
for $40 million. What? 40 million? So
what he's done is he found the end user so for example he
said we wanted to create a makeup newsletter. So
what he would do is he would go and find the end user like Revlon
and say well that's who I want to sell my newsletter to. So he knew who he was going to exit to
already and he worked it backwards. He said now create a newsletter using AI
that's going to create a massive crowd or an audience to read it
who love Revlon. Now, there's more to it than that, but at least he had an idea of
what he wanted to talk about, the newsletter ideas, and he's using AI to write
the newsletters at scale. And then he exited to
a makeup company. Anyone can write a newsletter using AI. It's
insane. Nine, way
to exploit AI to make money or get rich is this, consulting,
helping people implement AI. Now, there's a friend of mine, he's got
an AI company and they actually help people integrate AI into the business. How
that helps him get rich is they pay him consulting fees and
that helps them get rich by actually saving time and becoming a
more efficient business. which is really what AI is going to be doing, okay?
So it's going to help. It's not going to replace all businesses, that's for sure. It will replace some jobs
without a doubt. I mean, in the next few years, you will not see Uber drivers. It'll be
robotics, okay? But it's going to allow you to enhance your
business, enhance your job, okay, if it doesn't replace it. And
that's a great thing because if you can achieve more by doing less, you'll get wealthier. And
that's the whole idea. Knowing just what I've showed you here, you
can actually go and start implementing or consulting for companies to help them even
with the most basic things when it comes to AI. So a friend of mine, she recently met
a person who owned a lot of restaurants in the United States. They own like 79 restaurants.
And he said, I really don't know how to create an SOP, a standard operating procedure
for all my staff that really makes the business more efficient. She said, I'll do
it. So she now, right now, she's going around all the rest and she's building this
SOP for his business and he's paying her to do
it. And she's even putting in a chat GPT. This business does this, how
would you create an SOP for this business? And chat GPT is giving her the answer.
Then she's just implementing what chat GPT says. It turns you into an instant
consultant of anything, right? This is how you can get rich. Now,
the best to last, saving the best to last.
It can write the SOPs for you, standard operating procedures or algorithms, of
any business. So it does turn you into an AR consultant instantly, but
at the same time, it can also turn you into a baker and a candlestick maker. One
of my goals this year was to, for some random reason, we're at
Christmas, we're sitting around the table together at Christmas lunch, and I said to the family,
I said, family, I have one big audacious
goal I want to achieve this year, and I'd love to share it with you all. And
they looked at me with bated breath. What's it gonna be? What big
thing is it gonna be? And I said, I'm gonna bake
the stickiest, most beautiful banana bread you've ever
had. Boom, mic drop. They're like, what the heck is he talking about? But
it was a fun idea to show people that I can actually do things outside of
my comfort zone as a way to show them what they can do in business and
investing. So I wanted to use that as an example. So I was like, you know what?
I'm not a baker, but you know who is? So
I went, I'm like, please create me a very sticky banana bread that's
sticky and very banana-y. So it's like, boom, boom, boom, boom, boom, boom, boom, bang.
So I follow the recipe. I'm in the kitchen, right? First time, put it in the oven, came out,
not bad. And as a result of that, I've gotten better and better and better and
better and better. And as of this morning, I just baked My
latest batch, batch number seven for my grandmother's 90th
birthday that will go on the post today and send to her. I've turned myself into
a baker through AI. Now I could, if
I wanted to take this slice and I've taken it to the markets and sell it and get rich by
hacking AI, but I'm telling it to my grandmother for free because it's her 90th birthday. But
I'm showing you how simple it is. to leverage AI
to become an expert in almost anything as long as
you're adding your own flavor to it. So there's some examples
of how you do it. They're the 10 ways to hack AI or exploit AI to become rich.
But now I wanna show you or explain to you a couple of quick steps as to how you can
do it right now to start making money. So let's do an
example, okay? If you go to fiverr.com, F-I-V-E-R-R.com,
go and find someone there who's editing or copywriting
or Anything to do with writing or editing, you want
to find. Now find the person who's got the most five-star reviews.
Look at their profile, take a picture of it, upload it to chat to be and say,
please create me a profile that's very similar
to this. So you're actually modeling someone's profile of
how they're actually the most prevalent person who creates copy and
does editing on Fiverr. So it'll do that for you. Then you go to Fiverr and
you copy what it says to do. And you put up your profile. Then you
beat them in price. So reduce your price slightly less. And then Fiverr will
start sending people to you to actually engage you for this work. And
what you'll do is you'll then go, you'll take the job on. So you'll
say, can you please edit my ebook for me? Like, yep, I'm
a specialist. Give me your ebook. So he gives you the ebook. You then upload it
to Hatchipoutine and say, please proofread this for me. Please edit this for me. It'll
do it for you. You send it back to the client and you get paid. Right?
So a lot of people aren't leveraging AI to do the most simple things
and people are paying them to do it. I remember when I first wrote my first e-book, I
can't believe this. I paid someone $600 to write an e-book
for me. This is years ago. But I think about it now, like if I
was gonna help you write an e-book, I'd say, hey, send me your idea for your e-book. I
would let ChatGPT do it for me with a bit of idea from you and it would create
it and I would charge you, I'd make money. You can do that on Fiverr at scale on
almost anything right now. You just gotta do it. Wild,
right? And of course, this is what we teach our students how to do in our programs.
They come in to learn how to manage money, multiply money and make more money. And of course, this
is all to do with making more money leveraging AI. When you teach
people how to do these things at scale, they really do become a key person of
influence and they do attract more opportunity. They create more clients, they create more money
and they get win-win outcomes. So this is a really detailed look at how simple
it is to exploit AI to make money. So I hope
that's been a value to you. If you enjoyed this episode or this clip, click
the subscribe button, leave me a comment, which is your most favorite one? Which
one are you gonna implement the most? Comment below. And of course, leave
us a review and go check out the next episode, the Money Grows on Truth podcast.
So if you're interested in finding out what those 30 checklist items are that I
can send through chat that helps me analyze companies, it's in one of our programs. All
you need to do to get it is go grab our latest book, Money Buys Happiness and jump
into one of the free coaching sessions and you can see how to join that program. Thanks
for listening to Money Grows on Trees. If you enjoyed the episode, leave a
five-star review on Apple Podcasts and Spotify and subscribe
to us on YouTube so you never miss an episode. And if you're serious about
building wealth, make sure to check out the links in the show notes and follow me
on all social media platforms, at LloydJamesRoss for