In 5 Years, Robots Will Start Replacing Jobs! 3 Skills You’ll Need to Survive! | Chris Camillo

How big is AI right now? It's everything.

Everything.

And if an employee or an employer is not using it, you think they're going to be far behind?

I think they're done.

Really?

Yeah, I think it's everything.

He turned $20,000 into over $2,000,000.

Predicted Brexit before the world did.

Chris comello made over $2 million. Meet the Data Driven Disruptor.

Chris Camello. I think we'll have a robot revolution in about five years.

What do you mean? Just people talking about talking about it more, or people like you?

We're about to enter the Jetsons age. The number one differentiator for accelerating your level of knowledge and your success in life is one on one learning. You know how expensive that is?

Very expensive.

I would love every child on earth to have one on one learning. And they can.

With AI, what do you think will be the three biggest skills that we all need to learn to stand out while everyone's going to be able to use the same tools and be different and get ahead of everyone else?

Yeah. I just think you have to be the. So this is actually where AI comes in. Pretty cool, right?

You could also ask ChatGPT.

So I was saying, like, like you can find some change that's happening in the world and you could go in Chat GPT and say, hey, this is happening. What publicly traded companies are likely to benefit from this? That's interesting. And it will actually tell you. I used to spend like four days figuring that information out of myself, myself. Now you could just ask ChatGPT.

Have you done this yet? Have you tried?

I'm doing it now. Yeah, I'm doing it now. And it helps. It's like a tool. It's a tool.

Could you give an example of what that would look like?

If.

Is there something you've been researching or seeing trends happening right now? Can we do a live example? I don't know if. So you could even see what it just, it would give you and then you could see on Chat GPT whether you think that's accurate or not.

Yeah. So I mean, let's talk about your phone.

I'm curious if we do a live example because I think it'd be interesting.

Just put it down. Well, let's talk about what's at. Like, what is. What is actually. Okay, this, this is a. This is a good one.

I'd love to see what you've been noticing or comments you've seen on TikTok where you'd say, okay, what publicly traded companies would be impacted by this?

Yeah, so, so one example, because again.

I want to simplify this for people because I think it's still scary for them to understand.

Yeah, I do this every day. It's what this is my ent life. Okay. This is my entire life, like seeing something and then being like, who would benefit or not. So like one of them might be, you know, a heat wave. Right. So the last few. And I thought of this because I was like, it's really cold in the studio. I'm like, you know, we've had some really wild.

This has been like gnarly.

Some wild heat waves. Right. So one of them it might be. You could just ask chat. I'll ask ChatGPT. Yeah, right now I'll be like, I'm going to say, hey, this is interesting. Okay. We are experiencing the biggest heat wave in history in the United States. What publicly traded companies would benefit from and which publicly traded companies would be harmed by this heat wave.

That's interesting.

Let's see what it says. I'm going to put that in and let's just see what it says. And this is not going to be an end all, but it's a starting point. Starting point. So it lists out, obviously it lists out all the H Vac manufacturers. Carrier Trane Lennox and it says H Vac manufacturers experiencing increased demand for cooling. Home Depot and Lowe's. Higher sales of fans. AC related products. Generac. Generac manufacturing benefits from increased power outages due to heat stress on the grid. That's been one of my biggest heat wave trades actually. So it's cool that it got it. Edgewell Personal care, producer of sun protection products like Banana Boat, Hawaiian Tropic rendering heat waves. Companies that would be harmed. Walt Disney and Six Flags. Interesting. Theme park operators facing reduced attendance due to extreme heat. Insurance companies facing extreme claims from heat related damages. Equipment broke and everyone had to buy new swimming pool equipment and the pool companies went nuts. Right. And so I was like, do people know about that yet? Because I'm in Texas. I live in Texas. I knew about it like immediately. I had a pool. Pool equipment's gone. All my friends all have to get new pool equipment. How long is it going to take you to get new pool equipment? Like six months. Because we can't. They're literally sold out of pool equipment. Well, who's makes, who makes pool equipment? I'm investing in them. Right. And which is what we did. And but has the rest of the world caught on to this yet? Has Wall Street? Right. And so you have to figure out if they're seeing it yet. So you're like, are there news articles about this yet? Are they talking about in the Wall Street Journal? If I go look under all the article, are they talking about it in the earnings report? Is there chatter on like, on like X Twitter or stock twits, right? Or are investors that are retail investors talking about this yet? And if no one else is talking about it, there's a decent chance that you might have discovered something and connected the dots quicker than everybody else. And that's what you want, right? And so once you kind of go through. And again, if you want to go deep into my methodology, Jack Schwager did a great job talking about in his book. But that's when you trade and then, and then when do you. When you sell? That's what you're asking me. Okay, so you're trading at the point of information imbalance, when you identified some really big piece of information that is going to impact a company in a really big way that most other people don't know about yet. That's when you trade, that's when you buy the company, right? You sell at the point of information parity, when that information that you discovered is now widely known by other investors. Okay? Often that will be an earnings report when the company comes out. Like, remember that story I told you earlier about Elf Cosmetics? The company came out and said, guess what? Our sales are through the roof because this guy on YouTube did a video and then the stock shot up. And now the information that you had that made you invest in that company, everyone else has it. So you no longer have an inherent advantage, right, over anyone else. So at that moment, if you're going to be a pure social arb investor or kind of investing in conversational data, right, an observational investor, then you sell because like, you have no advantage anymore.

What if the stock keeps going up?

Well, it might, but it's going up for other reasons, right? So like now this is not always black and white. So let's say that you think, you know what, yes, the stock went up, but I think that this is the beginning of something bigger that they're not appreciating yet. Then you might end up staying in that stock for years. Which is exactly what I did with Amazon, right? Which is exactly what I did with Apple. You know, some of these companies back in the day, just Wall street just refused to believe how, how big of the changes. I feel that way right now with artificial intelligence, really. You know, and I could be wrong, but I made a huge bet on Nvidia like, literally the week that Chat GPT came out a couple years ago. And that's a big part of why my portfolio is up so much the last couple years, because I actually went off and. And like, I did, like a bunch of meditation for like a week. It was. I was crazy. I was like this. I. I started using Chat GPT and I was like, this might be the most interesting thing I've ever done in my life. And the only other thing that ever set me off like that is when I held one of these in my hand for the first time. And this became one of the biggest investments I ever made. People was like, oh, do you. You can only do this with small companies because Wall Street's kind of on to big companies. Nope. I wrote an entire chapter in my book about this trade, and it was because Wall street didn't believe in the iPhone when it first came out. Mainly because they were biased because they weren't using an iPhone. They didn't get to really hold it. They're using blackberries, they're using BlackBerry, because that's what people in the corporate world and Wall street use. But also, the iPhone was only available on AT&T the first year it came out.

That's right.

And what is this, 2006?

Six, seven, eight?

Yes. But. But AT&T, @ the time in Manhattan, the. The. The type of data infrastructure that it used could not send data through buildings hardly at all. So almost nobody in Manhattan used AT&T back then. So it was almost impossible if you lived in Manhattan or worked in Manhattan to have an iPhone at that time, because everybody was on Verizon who lived in Manhattan. So that was like an interesting little thing that. That made it even harder for people on Wall street to see what was happening, to experience it, because it wasn't even about them using it. It was about people in their network Talking about it 24 hours a day because it was so damn revolutionary. Similar to Tesla when they first came out. If you didn't drive one or if you didn't have someone in your network that made you drive one, you didn't know how crazy special the technology was, right? So, you know, like, I almost forgot the question you asked me.

Now. When to sell. I mean, you talked about this trade with, you know, this is the biggest thing. Ch.

AI. Oh, yeah, yeah. So sorry, chatgpt. So I used it, and I used it a lot that first week, and I was like, dude, this is big. This. This is nuts. This is nuts. I was like, who's going to benefit from this. And I, I figured out that Nvidia was the obvious beneficiary, the picks and shovels. Right. Of this whole industry. And now Nvidia is like so expensive, it's like trillions of dollars. So now it might feel too expensive. Unless you think that the industry of intelligence AI is just getting started, is just getting started, and you think it's going to be infinitely bigger than anything else we've ever seen in our lifetime, which is what I think.

So. So you haven't, you haven't.

Sold. I might. No. Well, I have sold it since and then I've re, you know, I've, so I've been levered in it, I've sold it and now I'm getting back into it again now that it's dropped. So I, I believe that the human mind is not able to fully grasp things that haven't happened before. So this is a little bit of what they call black swan theory. Nassim Taleb wrote that book back in like 2006, 2005, 2006. And it was all about the fact that like, especially capital markets, like financial markets never really assess value to things that are anomalies that, that, that don't have a history that they can associate with a correlation in the.

Past. It's.

Unknown. It's so unknown, so unknown that they just don't have a way to frame how to value it. We never would have thought we'd have multiple trillion dollar companies right now that we do, right? Ten years ago, I don't think we could wrap our head around having 10 or $20 trillion companies. I think we're going to get there and I think there will be a multitude of companies related to the industry of intelligence and the industry of robotics that will be 10, 15, maybe even $20 trillion over the next few.

Decades. You ever walk out of the grocery store or fill up on your tank and just think to yourself, how is everything this expensive? Feels like prices are going up everywhere. But how great would it be if just once, just once something actually went down in price? It'd be pretty amazing, wouldn't it be? Well, at Metro that's exactly what's happening. They're lowering their prices and are giving you a five year price guarantee on talk, on text and on data. One line now 20% lower. Family plans also lowered. Oh, and you also get a free 5G phone, all with no ID required and no activation fees. Stop by your neighborhood Metro store, visit metrobyt-mobile.com or call to find out about their amazing.

Offers. So I'm happy to still be in companies like.

Nvidia.

Wow. And then, you know, I'm making huge bets on robot companies right now because of that. So that's become. Half of my life is investing in robots. So it's, you know.

I. How long will it take though for some of these companies that are maybe, you know, haven't really launched their products at the highest level yet. How long will you stay invested until you start to see the.

Gains? It's really hard to time sometimes. Like the robot companies I'm investing are mostly private. I think we'll have a robot revolution in about five years. So I think, I think you will be consumed by nothing but robot media starting in about 18 months. Really? Yeah, I think, I think it's going to consume.

Humanity. What type of media are we talking about? What do you mean? Just people talking about it more.

Or people like we're about to enter the Jetsons age? Like. Like we are going to have human, humanoid robots walking around? Not initially, because the value of these robots is so high in industry for commercial and industrial use, almost all the allocation of those robots is going to go towards industry. So also to have them walking around in public, there's a safety element. They won't be there, I don't believe for 10.

Years. You're talking about, you know, car manufacturing, you know, restaurant manufacturing, you know, things like.

That. There'll be warehouses, logistics. We have a job shortage, a human job shortage of like 2 or 300 million physical laborers that we need to employ by 2030 that we just don't have humans for. Wow. And this is, this will help kind of solve that problem. Probably a bigger problem is like 10 years out when it comes to elder care, when we have a massive shortage of people to take care of older people as the boomers are aging. It cost 175,000 to upwards of 200,000 a year to have 24, 7 care in your home, to have homemades. And we just simply do not have enough humans to do that. And this is something that is exceptionally important. 100 million people around the world spend the bulk of their prime years taking care of a parent or grandparent. And they don't have careers because of it. Some of them never have families. We don't have it that as much in the US but it does happen and it's going to happen a lot more the next 20 years as our parents, parents are getting older and we need to solve that problem. Robots will solve it. They're hard to solve it. So we have demand for billions of, of humanoid robots around the world simply to take care of the elderly. So that will become a big use case. That's probably the number one use case. But it won't start for about 10 years now. I, I've been up close with a lot of these robots. I'm telling you, it's coming quick. Like the robots are walking, they're functioning, they're articulating. I've seen them move sheet metal, I've seen them do pretty articulate stuff Autonomously by the way, not programmed autonomously like using an AI.

Brain. Like, oh, I see this thing over there, I need to move it over here. And then I see another one over there that I need to move. Not just rinse and repeat in the same.

Spot. Correct. One of the robot companies I work most closely with, Apptronic in Austin, is partnered with DeepMind at Google. And Google is developing an AI brain for these bots that would, that would melt your mind. Like it's, it's, they're, they're accelerating the technology so quickly. Right now I believe we're probably two, maybe three years away from having generalized autonomous robots with full AI brains that can do just about any physical job on earth. So now can they do that, you know, durably, you know, can they do it repetitively with the uptime that we need, quality control. That could take a few years to work out. And then the generalized part, when you're going to have them in your home doing literally everything. I'm talking about doing your laundry, doing your dishes, cleaning up around the house, literally doing almost everything in your home. I mean, imagine saying, hey, you know, whether it's you or your wife, can you just redo the closet for spring and it gets, goes out all the spring clothes and just do them in the same exact order that you did last spring by color and this and that. It's all done and, and it knows exactly where to put the clothes up from the. I, I know this sounds insane to you, but I'm telling you they will be able to do that in 10 years. 100% be able to do that within 10 years. And the cost of these robots to, to manufacture by then will be sub $50,000 and they'll have like a four to five year lifespan. So if you think about it like the use cases from it, it's almost ridiculously cheap when you start thinking about all the things you don't need to do, you know what I'm.

Saying? Because of that now is something like that, that will be used 10 years away. Is it worth investing in now even if it's not going to be maybe successful in 5, 7, 10.

Years? For me it is. I think it's the biggest industry. Like physical labor is a third of global gdp. It's the biggest industry in the world. So listen, I, like I said, I own restaurants. I cannot get employees. Like it's almost impossible for us to find.

Employees. Why is it so.

Hard? Because two things, people. Listen. Our unemployment rate is actually pretty low. It's like 4%, 4 1/2%. Right. Right now people in this country want to do certain types of jobs, not other types of jobs. And I'm not saying that that's good or bad. It's just the reality. So, you know, I joke like, you know, my kids are 15 and they don't want to work for 40 years in a manufacturing job. And I don't want them to because I don't want them to have the bad back that I have right now. Like, no, no, I mean these, this is real. Like you work in one of these jobs for 40 years and you're messed up by the time you hit your age 60. So they don't want to do that. They don't want to work in a repetitive physical labor job for their life. And I hate to say, like almost no young kids in this country.

Do. They won't have to in 10 years with robots taking over all.

That. They, they won't have to. And like the one knock that this whole robot revolution people have with it is it will displace human labor. I'm an optimist, so I'm a little biased. But at no point in human history has technology, a human to placing technology ultimately created more and better, not created more and better jobs for humans over the long term. Yeah. And I don't see why it would be any different this time. And if you look specifically about what AI and robots will do for the world, labor is the number one bottleneck for industry. And having access to more reliable, cheaper, scalable labor will enable all the world's industries to expand much larger than they are today. And it will enable us to have more of that and it will allow us to create new industries we can't even think of today. So what that means is with more comes more demand for humans. Right. It might not be the same job as today. It's probably going to be a job that requires a higher degree of creativity, of sophistication, of engagement at the human mind level. So each company will have less Humans. Right. Or each, each entity will have less humans, but there will be way more entities that need you hopefully doing better work that's more interesting, that hopefully pays more too. So hopefully we all win as humans long term from.

This. If, if people working in careers right now or entrepreneurs don't start learning AI or don't start learning how to use AI tools to create better processes, you know, advance their platforms or their businesses, what will happen to those career individuals or entrepreneurs over the next few.

Years? I think they're going to be in a lot of trouble. Really?

Yeah. How big is AI right.

Now? It's everything.

Everything. And if an employee and if an employee or an employer is not using it, you think they're going to be far.

Behind? I think they're done. Really? Yeah, I think it's everything the same way that the Internet was everything relative to what came before it. Okay. And like if you recall back in 98, 99, 2000 and you could research this, there were a lot of doubters that said this is all bs, right? A lot that said this is all bs. Now the Internet took a long time to play out, but almost every single promise that it made has actually come.

True. And then.

Some. And then.

Some. Yeah.

Yeah. Almost every single promise. And then some and then some and then.

Some. So how big then is AI and what do you predict over the next three to five years that it will do for.

Individuals? Oh, I think it will be, I mean I think it's like complete game changer for individuals because it's the great. Helps democratize intelligence. Right. And let's be fair, the human intelligence is not fair. We don't all have the same access, we don't all have the same ability to learn the same way. You know, my kids have tutors, most kids don't. Right. One on one learning. Like I saw a study where, where the number one differentiator for accelerating your level of knowledge and your success in life is one on one learning. Interesting, right? You know how expensive that.

Is? Very expensive. We got.

Killer. I would love every child on earth to have one on one learning. And they can in the very near term with AI, right? They can, I think, I think eventually every single kid in the world is going to have the ability to get one on one learning with AI.

And it doesn't matter where you live, if you have access to doesn't matter.

Where you live, doesn't matter how much money you have. Just like everyone is going to have access to best in class education in the very near term future. I think as long as if.

They'Re willing to apply themselves to learn it and to be consistent, you can.

Get it if you want.

It. Yeah.

Exactly. Okay, so again it's, it's, it's more a matter of convincing people that they shouldn't do.

It. It's leveling the playing field.

Too. Leveling the playing field. It's democratizing intelligence and it's an access to intelligence. Right. And so those people that already went through the cycle and maybe didn't get the best education, maybe they were having to work all through school, maybe they didn't get to go to college, maybe they now think they have an unfair disadvantage trying to like get to that next thing that they want to get to in life. They could utilize AI to craft a better resume, to communicate better. They could communicate as well as I can communicate now. Leveraging AI. Right. So with democrat, it's democratizing all of these things for humans, which quite honestly is the biggest game changer.

Right. What do you think will be the three biggest skills that we all need to learn over the next three to five years to master using the tools of AI, but also to stand out while everyone's going to be able to use the same tools and be different and get ahead of everyone.

Else? Yeah, I just think you have to be super resourceful. Right. Like for me I hated college because I self taught myself everything that I felt I needed to know. You know, I was like, I like to read a lot so I was just like why am I here wasting four years of my life? And this is like this was pre Internet and so like, like it was pretty Internet and all I was thinking in college was I could find a book to teach me this. Read it and be done with this.

Class. Yeah, you don't need a whole.

Semester sitting through and all the stuff. Just, I just, I'll just read the book, man. And like, and then when the Internet came out, I've always had, I've always been so anti college. Right. I just like I've always, the Internet came out, it's like it's insane that people are still going to college for most things. Now in an AI world I'm just like, are we still doing this? And it's like, you know, it serves a different purpose, right. It serves a purpose of networking.

And it's a society experience. Yeah, yeah. I mean, well I guess if you got to be a doctor or lawyer or something like that, you've got to go to certain specialized training and skills to develop there. You can't Just to some AI yourself from being a doctor to some extent, you need hands on training or hands.

On. Sure, yeah, that part. Yeah. But there's a lot of other stuff that you can. AI is going to get you there quicker.

Too.

Right. So you have to be resourceful. Right. You just can't be afraid. Afraid. You just can't be afraid of this stuff. Like I, there's a guy I follow on Tik tok and I don't even know his name offhand, but I'll give it to you. So you can put him in, you can put him in the, like the, you know the description and I tell everybody I know he does a Tik Tok every day. And it's like 30 to 60 seconds. And this guy spends I think 10 to 14 hours a day deeply researching all the new AI stuff that came out that day. Interesting. And he's like the Mr. Rogers of AI. He'll just tell you what you need to know in 60 seconds. If you're not following this guy, you're insane. Like, I do that with a lot of people. Yeah, but this is a time just to learn. It's just a time to learn. And, and, and what? By learning has never been easier because learning could literally be just watching TikTok videos. I mean, are you kidding.

Me? People are doing. Already kidding me. Yeah.

Yeah. This is what you have to do to be successful in life is watch a few TikTok videos every day of people that are going to do all the hard work and then just tell you what you need to know to be successful. You don't even need to figure out, just find the people that will help you figure it out over.

Time.

Yes. So you don't have to do the hard work yourself. You could find the intermediaries who are doing the hard work for you and then just tell you don't waste 14 hours today. Here's what I learned in 30 seconds. Here's what you need. Like this guy's like, here's how you have to use a prompt on chat tpt and whole like I spent a week figuring out all the.

Prompts. He's like, here's the 10 best.

Prompts. Here they are, man, just do.

It. Yeah, yeah. You get the best.

Response. Just be. Learn how to be.

Resourceful. Yeah, that's.

Interesting. The people that are resourceful are going to win because what I'm, what I can't tell you is how the next five years are going to unfold. And I won't even try because looking back through history we haven't come even remotely close at predicting how things like this are going to play out. I mean if I go back to 2000, we thought E Commerce was going to be this company, mall.com and if you went to mall.com, it was actually like a diagram on the Internet of a mall and like it would have like a square with Macy's and you click into Macy's and it would like show you some products from Macy's and then you click out and if you want to go to a different store you would like click on Foot Locker. But it did it through the visual, the UI of like a mall. Yeah, we thought that there was a. I think they raised a ton of money by the way. Yeah, this is like bleeding edge technologist of the time. Probably a bunch of Wharton grads and consultants that were, you know, VC backed company and that's the best they can come up with what, how they were going to bring E Commerce to the masses. So I won't even try to pretend to know how this is going to play out over the next five or ten years. All I know is you just got to stay current. You got to stay current because it's changing quickly. And like if you could just be one of those kids or adults who are just willing to stay up with the times and just like stay up with what's happening every day, that's going to put you in the top 1%, 99% of people are just intimidated by it and they're just like, they'll wait for it to come out in the Today.

Show.

Right. You know what I'm saying? Like if you, if you're gonna.

Wait, then you're too.

Late. You're too.

Late. If you're gonna wait, you're too.

Late. You don't, you don't have to be a technologist to like this, you know, they have this whole thing, vibe coding right now. Right. Which is like with all these. Vibe coding is people are using AI that know nothing about coding. Like me and.

You.

Yeah. And they're creating apps and they're creating software by just talking to it, basically. Yeah, yeah. Literally they're just doing that and they're making stuff and, and it's, it, it's almost like disposable software. It might do something awesome for like six months and then they just kind of throw it away because now the, you know, the native AI itself does that same exact thing. So what I'm saying is that what you can achieve right now is limitless. And it doesn't matter who you are, like the tool sets that you perfect example. You were like one of the very earliest podcasters and I'm gonna assume when you got started in like 2012.

Ish.

Yep. You had like some AV background. Right. You had to have. Or you were working with people that did, but you, you had. But the. You were working with people that did and they had to have. It was.

Complicated. I did it all on my iPhone. You did. I did it all on my iPhone and then eventually just had like two mics and it was just all audio. So I kid it as simple as possible. Then I got into like video and hired someone with the equipment. And a couple years later when I decided to do video before anyone was doing video, because I said, oh, YouTube's going to be a thing in the.

Future. Okay. But you were editing, I would.

Imagine. But I sent it off to an editor because I didn't know what I was doing. Yeah.

Yeah. That's a lot.

Yeah. I didn't know how to do it. No.

Clue. Pre Tik tok. That's what you had to.

Do.

Yeah. Okay. You are probably pretty ambitious. You figured it out. Yeah. You put, you put, you put the stuff.

Together. Yeah, yeah.

Exactly. Then Tick Tock came out. Now anyone with any phone could do whatever they want and raw video footage just became the thing. Yep. And that completely democratized creativity globally. Right. So all of a sudden now when it comes to creativity, that has been the biggest boom to entertainment in my lifetime. Some of the funniest people, some of the smartest people, like, some of the, like the most interesting people on earth, I would not have access to and they would not really exist except for their family and their best and their buddies if not for TikTok. But TikTok democratized it and it created this bridge to where if you were funny or if you're. If you know how to sing or play an inch, like, if you do anything that's cool or interesting. That's.

Right. I mean, look at all these comedians. Now the comedian world in general has blown up with TikTok of them just putting up their stand up in front of like 10 people, you know, trying to struggle for years and then boom, it's just taken off for a lot of these comedians that now have massive Netflix specials and selling out arenas and it's just blowing them.

Up. Correct. But TikTok was limited to people that were either comics or dancers or singers. Right. There's just like entertainers. Entertainers. There's just a small handful of things that TikTok democratized. So now imagine this. AI is going to do that for everyone else, and I mean everyone else. So I don't care what your talent is, what your ambition is, what you want to do in this world, AI is going to enable you to do.

That.

Wow. With. With very little money, with very little access to anyone or anything. It's going to enable every human on earth to reach their maximum potential. It's going to democratize.

Humanity. That's.

Amazing. It is. It actually is way more amazing than anyone is talking about right now. Like, I firmly. I don't just believe that. I know that that is going to happen. And I knew that about TikTok with the things that it was doing. And here we are today.

Right. So what is the. I mean, you're talking about being resourceful, and I think that's what people are going to need to do over the next few years is really research and be resourceful in their learning and spotting the trends and being able to know when to take action. Because a lot of people also see so much information on TikTok and this guy or whatever, all these people saying, here's the newest app today and the newest thing and the newest tool, what to look out for. And they're all coming and it's like there's so much that's happening at once also that it can feel overwhelming. And you guys in your Discord group are doing a lot of the heavy lifting. What is that group and how can people join or where do.

They. Our Discord, Dumb Money TV has all of our socials, including the.

Discord. Is that.

Freedom? Yeah. I. I might be the only financial YouTuber that doesn't make any money off of anything that I do like. I, we. We like our merch at our cost. Like, we don't make any. If anyone ever asks you for money related to me, you know it's fake because we. We don't charge a dime for anything. We don't even do sponsorship. So I go.

Crazy. Dumb Money.

Tv. Dumb Money TV has all the.

Socials. Okay, cool. And in the, in the Discord group, are you guys just sharing? Here's the latest stuff, here's what we're finding, and everyone's sharing ideas, but you're not saying we're buying this.

Today. The. The easiest way to start, honestly, like, Dumb Money Live on YouTube, we literally talk about this every week. We talk about the highlights of what we're finding. Cool. But yes, our Discord, it's a re. There's only one channel in the discord. It's. It's the research Idea Channel. Trade channel. That's the one I hang out in. And we're literally just having this conversation. Wow. But there's a lot of us. It's like, dude, there's a hurricane over here. Who's going to be impacted by it? Or this new political thing is going to impact this sector or this.

Company, the tariffs or whatever it.

Is. Whatever. Or it could be there's a new clothing trend or a new makeup trend, and we just talk about who's going to benefit, who's going to be harmed, how we're going about it, and we just help each other. That's. But this thing that's happening right now is so big. But. But the trap is people are not going to do anything because they're just going to be so consumed by so much noise. Yes, there'll be a tremendous amount of noise and honestly, a tremendous amount of cool stuff. So if you think about TikTok, TikTok itself created so much amazing entertainment that it's really easy for us just to be consumed by the app as consumers. And if you're really talented, you have to also create on the app. Right. So, like, it's really easy to fall in the trap of, wow, look at this new shiny thing. This is amazing. I could just live my whole life looking at all these talented people. Meanwhile, you got a talent, too. Why don't you do.

Both? You got to take.

Action. You have. You have to take action. You just have to do something. So AI is the same way. AI is going to. You know, I always say, if there's this thing called, like, fan fiction, you know what that is like, it's. It's this really cool world where this has been going on forever, where, you know, a series ends, but then people just continue to write scripts and stories and stuff. I think that's so.

Cool.

Yeah. Now I don't engage in that world. I'm too lazy to, like, lead all this stuff, but. Right. But like, God, I have so many TV shows, so many movies, so many things from the past that are nostalgic to me. I. I envision at some point AI is going to be able to just continue on with those, maybe throw me in there as an actor. I don't know the world. What I'm saying is the world is about to nuts in a very. I'm an optimist in a very good way. There'll be some bad stuff, too. But the world is about to open up and anything is about to be possible. So it will get really easy just to get consumed by all this amazing creativity and this amazing stuff that's about to happen in the world because of AI. And I think that is the trap of not realizing that you could actually be part of that. So, you know, you have to force yourself to create. You've got.

Something. That's the hardest.

Thing. And by the way, I think you have to be forced to create something even if no one's watching. And it doesn't even matter. You just got to get. It's kind of like you just. It's like working out. You just gotta do it. After you do it for, like, what, five weeks, then you're just. You're just doing it all the time. So you might create junk every day or every week. And eventually you're going to figure out what your niche is that you are really passionate about. And it might be something in your career or your job that you can kind of bring to your supervisor and be like, I know how to do this. And this is going to solve a problem for us. You have to be part of this ecosystem. You have to learn how to utilize these tools first. You got to learn what the tools are. You got to learn how to use them and just not be.

Intimidated. Wow. Wow, Chris, this is fascinating. I feel like we're just getting started, but I want to wrap things.

Up. I feel like everyone is so down and out because of, like, everything that's going on in the world. Politics, everyone's fighting. We're on our phones too much. We're glued to social media. Well, can't really do much about a lot of that stuff. Okay. But this new thing that's about to happen is going to open up opportunities for every one of us, and you can't just let that go by. Like, there are good things happening here with AI, with robotics, that are going to make our lives way better in a lot of ways, if you're open to.

Them. Would you say now is one of the best times to start investing if you've never invested.

Before? It's always the best time to start investing, quite honestly. There's never a bad time. There's an old saying which is, like, time is the most important piece of investing. It's more important to be early than to be great at investing, because the compounding effect of your money is. And it's never been easier to invest. Like I said, all these apps and Rob, it's like, it's so easy to invest. My book and I always said, I think I Make like I used to make like 17 cents when my publisher would sell a book or something. But it's an old book that's laughing at Wall Street. It's like a fourth grader can read it. But it's like the story of my life and how I started investing. And it's like you could be a fourth grader and figure it out. Like I, I explain it that in in really in a 30 manner that's great for those that want to go really deep. Like Jack Schwager's book Unknown Market Wizards. The chapter he wrote on my methodology is really.

Cool. What's your guys YouTube channel.

Again? It's Dumb Money Live and I'm really active on X on @ @ Chris Camillo. And this is my entire life is attempting to bridge every human on earth into the investor class. Because it's the only way we're ever going to solve the wealth gap. And I think it's actually solvable. It takes time, but you just have to start someplace. And you could start with like a $10 account, like legitimately start with a $10 account. You just have to start and like it's not taking money away from like your family or your retirement fund. It's just like find money that you wouldn't ordinarily have in your life. Think of it as 100x and then clip coupons. Do whatever, do whatever it takes to take. Do an odd job, you know.

Once a month. And this is separate.

Than.

Your retirement. Absolutely. Investments. This is like automate.

Those, optimize those. I call it the big money account. I, I call. Everybody should have a big money account. Wealthy people do, but everyone should have an account where they're willing to invest in risk assets and make it big over a 10, 20.

30 year period. But also having accounts that are long term investments, say for 5 to 10% of you know.

Whatever it is. Of course you can't have too many investment accounts. You just can't. This is everything. This like I said, family first and then invest. There's nothing more important in your life that's easy to do. This is not something that's hard to do. You don't have to read any books. You don't have to really just literally just putting money in an account. I don't even care if you pick the worst investments, you're going to kill it over the long term. Right. You just have to start and do it and have to believe that you can do it. That's beautiful man. And by the way, I'm, I'm actually like kind of like an idiot. Like I'm not. I, I like the fact that I've accomplished what I have accomplished with my money. Should show any for if you're in my friend network and you've been my friend for 30 years, you know, I'm just basically a big idiot. Like I'm on Tick Tock if you could make it. I'm reading Tick Tock comments to figure out what the world is buying and what they're doing. I'm connecting the dots to companies. I'm buying them right like and that's, that's literally.

All I'm doing. That's great man. Chris, I, I want people to go follow your stuff. Chris Camillo on X.

Dumb Money Live on YouTube and then Dumb Money TV is all the stuff. Because you know, like for a lot of people, like they don't want to like sit through an hour. YouTube, we do cuts and we throw them on TikTok, we throw them on Instagram. Like whatever your me, whatever place you're hanging out at, just subscribe and we'll throw you a little. The highlight clips from all the little things.

We talk.

About. That's it.

I love it. Chris, I got one final question for you before I ask. Thank you for sharing all this information because I think people are overwhelmed with trying to navigate again the economy, the news, the stock market, the terrorists. I think people are just overwhelmed and living more in fear, emotional fear and also just kind of like mentally blocked of not knowing how to take action. There's so much information, so much noise, too many opportunities, not enough opportunities and people just don't act. And so I appreciate you simplifying and showing us and showing us the possibility of the future by acting now. We will gain in the future as long as we continue to have resourcefulness, as long as we continue to know that when you invest $100, it could go down to $30 at any moment and be aware and be able to navigate the emotional range of that. Because I think that's the biggest thing for a lot of people feel stuck and not taking action is they don't want to work hard to make put $100 away and then see it go.

Down to 30. Well, listen, some of the most important things in life or setting proper expectations, yes, for relationships, for jobs, for everything in life. It's no different here. You have to have appropriate expectations for the ups and downs of what investing is. But ultimately for what, throughout all of the last hundred years, what it has resulted in, which is kind of like We've never, You've never been able to lose in our lifetime as an investor. Over the long term, maybe that changes. But again, if that changes, we have way bigger problems.

To.

Worry about. Exactly. The last thing you're going to be worried about is your investment account.

I promise you. Right, exactly. Chris, final question for you. What is your.

Definition of greatness? My. My. I don't know. I guess, I guess greatness is just, I mean, I don't know, having, having a goal, like knowing what you want and then, and then going for it. Right. That's just.

Like.

No regrets. Yeah. I, I think just, you know, like for me, I get so much fulfillment because I know what I'm, what I want and I'm going for it. Right. And I don't even care. I don't care how it ends up. Right. But like, you just, you just have to, as long as you're living your life doing what you want to do, ultimately do Right. With, with no regrets. Like I always say, like, I, I have everything that I want. I don't want anything more except that that's personal for me. Everything I do for me is for my foundation, which benefits pediatric care. So I'm focused on leukemia, cancer, autism and animal welfare. And I think I'm going to add elder care, my foundation. Interesting. But everything I'm doing is for that. So like, that's my objective in my. And that's why I'm still trading as aggressively as I am, because I'm trying to build that to a billion dollar foundation. So no matter how it ends up, I know that, like I'm. I know what I want out of life and I'm treading towards it. That's cool. No regrets without being afraid without. Because we're all gone soon anyway. Right? So just, just have it. Just have a. Have a mission. Figure out what your mission is. And as long as you figure out what that mission is and if you start moving towards it, like, you're pretty fulfilled, I think. Yeah. Because you don't have the regrets. The regrets are what.

Kill us. Right? That's it. Yeah. Chris, thanks for being here, man.

Appreciate it.

Brother. Thank you. Thank you so much for watching this video. I hope you enjoyed it and let me know in the comments below. Your biggest takeaway. If you haven't subscribed to this channel, make sure to click the subscribe button right now. Like this video. And also if you're looking to create more, more financial freedom and live an abundant life, then make sure to get the new book, make money easy right now. The link is below. Go right to Amazon, get your copy, and I can't wait to see you in.

The next interview. You go from being highly creative to being a money manager. And this is a real problem, because the thing that gets you the company exit is that you poured out creativity. And it was all about expansiveness and it was all about building something that belonged in the world, and you saw it before everyone else saw it, and you just wanted this.