Ai is Coming for You, Mike HATES School, and Not Financial Advice - Episode 010

This camera is like $3,000 plus the lens, so they get $4,000. We got three of those, dude.

And it doesn't make me look any better. Welcome back. Yeah, another episode.

Sweet, unfiltered voice back mostly.

Yeah, yeah. Voices are mostly back to. Back to back episodes. I was sick. And then you lost your voice at conference. So sorry for everyone listening. I know it's rough.

Dude, congrats. I just realized something today. I was editing last week, so go up tonight at time of recording, episode 10. Oh, this is number 10. So been doing this for, like, almost like three months now.

Oh, wow, man.

Yeah. So getting so old. What are your. What are your thoughts? 10 episodes in.

I have 1500 episodes or videos on my channel, so we have a ways.

To get a ways to catch up.

Yeah, you have more subscribers than I did probably when I had, like 300 videos.

Yeah, well, I mean, I'm using your name. Yeah. 71 subscribers. We'll have to do something for 100. I was thinking we could do like, a giveaway, but, like, I don't know what? Like, how do you even do giveaways on YouTube? How do you even see subscribers on YouTube? This is how horrible I am.

How do you see subscribers?

Yeah, like, who can you see who individually subscribes? Or is that.

Oh, yeah, I can show you.

Oh, I have no idea, dude.

I'm not.

I'm not a media guy. All right, I can see the number, but I don't know who.

Yeah, speaking of media, we are hiring probably two more people tomorrow. Yeah, we were going to go for one, and then we got some really good applications and. Yeah, we'll see what happens.

So expanding the media team for my candy. So you had a meeting today with Stephen and Zach, and what do you guys. How many people are you trying to hire? 1 or 2.

1 or 2. So one at least. But then there was some really good application that came in. We're going to interview them tomorrow, and we kind of were like. I kind of was like, hey, guys, just do it. Let's just go for it. So it's expensive because, like, a media person gets expensive, especially after they work for about six to 12 months, because we do ramp up their pay, like starting out. If they're newbies, it's just regular 18, 20 bucks an hour. But, like, if they're crushing it, it gets expensive. And so you need to produce, you know, five, six times their revenue just to cover their. Their. Their expense with their wages. So I feel pretty confident, you know, this year we'll Break seven figures for the media team.

Nice.

But there are a lot of costs, like servers and SEO stuff and web design and like, there's a lot of costs. So last year we had a net profit margin of like 0.25.

Let's go.

I think we made a thousand, like 1200 bucks. I think is either 1700 or $1200 for the year. Net profit on like 750k. Nice. So this year we'll break the, you know, $1 million marker. I think we could double in revenue. Knock on wood, maybe. So if we, if we did that, we could afford two more people. So that's what we're shooting for. We got the massive conference that we got to. We got to cover that cost too. The cost of conference will be over $200,000. And so we got to, you know, pick up our game a bit.

That's. That's honestly low. Like, I. When I was thinking about how much it was going to cost, I thought at least a quarter million.

Oh, yeah, it'll be at least that. Okay. I'm very concerned when I say 200,000. That's if we, if we do not show up, we'll be. I am on the hook for 180k. That's if we can't. Like, if we cancel from here on out, like, anything happens if we do not, I will pay 180,000 before we show up. That means before food and all the rest of it for rooms. We got the whole team. Yeah. It'll be easily over a quarter million, dude. Nice. Let's go.

Buy mikeandy.com summit.

Yeah. Come to summit.

I'm going to shill this thing to the day I die. We can't lose gazillion dollars on that.

Good. It'll be great even. Yeah. So give me. Give me a little bit of a breakdown. I mean, if you don't want to share the exact numbers, that's fine, but give me like a little bit of a breakdown. You said $715,000. 750. 750.

50. Okay, 750 or 760.

So give me like a rough breakdown. What's coming from YouTube. What's coming from YouTube.

I don't monetize now. Right, right. That's going to go bye. Bye.

At the beginning of the year, it was.

It was like 45 50K that we got from YouTube. Like ads.

Yeah.

And I already had been suppressing them a bunch. I only allowed pre roll. Right. One.

Yeah.

And skippable. So, like, that cut my revenue in half.

Yeah.

And Then I just eliminated it completely this year. Like we're demonetizing. So, you know, but see, 40,000 in the grand scheme of things is low compared to our whole total revenue. So I'm, I'm not concerned about that.

I thought YouTube would be a bigger portion. I think people don't realize how like little you make on YouTube unless you're a YouTube star.

Yeah, yeah, like we could, we could easily make I would say 5 to 6,000amonth in YouTube ads if we allowed more ad rolls. Right. And then if we allowed like display ads. And I'd taken all that off already because it's just annoying. So I think, you know, based upon what I had a conversation with people from YouTube. I think that they're going to allow us to restrict advertisers. And so if that, if that happens, I would be able to ban like the financial sector or like making money kind of sector and business related stuff. And then that way, you know, people can, I don't care if Apple throws an ad before my thing. Great. But I just don't want people, you know, shilling garbage courses or fulfillment by Amazon, make money fast, have Lamborghinis, cash, all that garbage. So yeah, like that's going bye bye. In terms of revenue breakdown, I don't have it in front of me based on my memory.

Real quick, hold on.

Just.

If anybody would like to advertise on this podcast, this is open.

We are willing to sell everything while stickers here. 100% wear merch.

Totally. I'll wear whatever merch. My friend gave me a free shirt for the company he works for and I'm wearing it. So you know.

A breakdown. I, I would say a good chunk of it, Almost, almost half of it is lawn care web design and home service. Web design. And then everything else is like longer, longer media, home service, cpa.

You know, all those sort of things, all the ancillary services. But web design is a big chunk for us. And what's great about that too is we have, we just in my opinion, dominate in terms of other web design companies and there's other companies that do SEO and they'll pay, they'll charge 1500 bucks a month and we still can kill them. Like we can. Absolutely. So like I'm so confident in selling it, I could literally, I'm happy to put us up against any other design company. And so really, really happy about that busy time now. And that's partly why I'm thinking about hiring two people. Like, it's really doing well right now. We're getting a lot of people subscribing. No one leaves that service. So I feel confident we can cover the cost of two more people. But, like, just the laptops that we buy them are $3,000.

Yeah, totally.

Then you have, like, the desk, the chairs, office space. You're looking at, like, it's expensive, dude.

And then the gear and everything else.

They need, like, this camera is like $3,000 plus the lens, so they get $4,000. We got three of those, dude.

And it doesn't make me look any better.

One day.

Cost more than $3,000 to do that, apparently.

Set myself up there. Yeah, no, that's. That's. That's crazy. And lawn care web design is really cool. Like, you just posted something earlier today. You said, let's break down the math. And it wasn't even like, a sales pitch, like, post. You were just like, seriously, break down the math. It's 399amonth. Right. And if they got a certain amount of leads from the website, you were like, it's like $8 a lead. And it wasn't an exorbitant amount of leads that you were telling them to get. It was like, what, 45 or something?

Yeah. The vast majority of our within 90 days are above that.

Yeah. So that's ridiculous. The value there. I was talking to a franchisee, and I won't disclose who it is, but he shared his panel with me. New franchisee joined the franchise. And he was like, hey, Lee, I want to go over some past pianos with you and just kind of get your thoughts and, you know, set up a plan for the future. And I was like, great. And I was like, what's this line item? That's $19,000. He's like, O. That was my previous web designer.

Oh, mercy.

And I was like, you're getting $5,000 less a year for your Augusta franchise fees, and you're getting like, 30x the support.

Yeah.

And a website.

Yeah.

So he was like, yeah, I didn't realize how much. How. How much they were charging me. That's, like, ridiculous, man. It's crazy. Well, they hit.

They say, hey, we'll build the site, be 5,000, then ongoing. We couple hundred dollars to do changes. Then we're doing an SEO package, and. And they try to sell you an advertising thing when it's just. It's just search engine optimization, and they'll say, you5, $600 a month for that. So, yeah, it's just a slimy. It's a slimy world. And unfortunately, we're almost like, it's so funny. You talk to some people that think we're so expensive. Other people are like, how in the world could you be $400 when my SEO guys charge me two grand a month? So, like, there's this weird, like, there's pricing is all over the place in this industry. I try to be really transparent, be like, hey, we're making around $150. Let's give it more like 100, 120 now per month in profit. And that's what goes towards, you know, hiring more people. So I need, I need about 50 to 60 people Sign up per one of our guys. Yeah, right. And so if I can get 50, 60, I know those are coming in. That'll usually cover the cost of like one of the entry level dudes on the media team, and hopefully then we can scale up with them.

Yeah, that's really cool. I have a buddy that he has his own small business owner. He owns his own marketing company and he tries to be like, educational with his clients because he, he wants to teach them, like, no, if you have a small business, like, marketing is pretty easy. He's like, I'll happily, you know, take the money to, to, to do your marketing for you. But he tries to be educational about it, and I respect that.

It was like, like Kyle on the franchise Facebook group today said he was paying $2,000 a month before for the guy to run his, his Google Ads and his Facebook ads. And then like just the tutorials on the academy. It's like, just follow these steps. Here's exactly how to do it. Here's the creative, here's the text, blah, blah. And like, I guarantee you the ads that that guy did will not beat our ads by no more than 10 to 15%.

Yeah.

So like, unless you're spending $50,000 a month, it's not worth doing that. So. And the reason I can say that we've tried multiple agencies and I always are trying to beta test against our ads and see, like, how much are we losing out by not having like every little thing optimized and just being more Generalized, it's like 10, 15% maximum that they can beat us out on. And it's not worth the 50% retainer. So you're paying twice as much for having the agency compared to just running the ads yourself.

That. That same buddy that I mentioned that runs a marketing company, he was telling me about a new thing that big marketing firms are trying to push to larger companies, but he said it's starting to become more accessible for small businesses and localized is streaming ads. So have you thought about making any streaming ads for like Augusta or any of your businesses where basically it uses, you know, an algorithm. Right. For cop out for, however they figure it out, that uses an algorithm to place ads on streaming devices locally. If you're a small business, have you thought about doing those?

I mean like TV.

Yeah. So kind of like YouTube ads. Right. Because you can localize YouTube ads. Same thing. But it's going to be on streaming devices. Smart TVs, you know, Google Chrome, the sticks. Fire sticks, yeah.

That'll be harder for small businesses because it's not an easy platform to create the ad. So you can do it on YouTube TV already. Like you can do it on streaming devices and do that already through Google Ads. However, like Roku, you have trade Desk. These are platforms that basically take the ads, try to put them together and then, you know, serve them out to. So it's definitely a market.

The problem I see was putting it on a big screen or a TV is someone is not ready to take action. Whereas on a cell phone there's a button like call now. All right. I do believe in the future there's going to be more of that integrated tv and that is like buttons share ability, the ability to link to things because it's going to come more and more integrated Internet. But for now, most people don't. Most you passively watch large screens. They're not like ready to like take action or they're not searching for things on their tv. So direct marketing is the bigger game for small businesses compared to branding for large businesses. I think large business will take that over for a while before we, you know, put our foot into it.

Yeah, yeah. It's just interesting. He's basically, he basically said to help small businesses, they kind of package it together and then kind of what you were saying, then they this, they distribute it to the streaming services based on who they're trying to target.

Yep, that's big, big thing that trade desk does.

Yeah, yeah, it's pretty cool. Like I see the advantage, but it's, it's branding at the end of the day. Like you want intent based marketing, a Google Ad, a Facebook ad.

Right.

Things of that nature. So yeah, dude, lawn care web design, let's go. If you don't have a website, long care web design and we're just going.

Through one by one, they just like pitch this product, let's go.

That's what we do. We're just here to sell the whole all Day, baby. So Command center switching gears. Command center is moved into its new new spot. How's that going? Couple days in.

Couple days in one bathroom this morning. It didn't go well. The bathroom. The toilet was backing up and. And stuff. I never actually figured out or know what happened with that. I know they had someone fixing it, but I don't know what happened. But yeah, Liz was like, we should get outhouse and just put it out. I'm like, I don't think anyone's gonna use it. They're gonna walk over and use the public one. So there's a nice public bathroom about 45 second walk away. But it's not ideal. It's not great. I don't like it. But the team voted on that one. It's obviously a lot cheaper for us. It's nice. And amenities around us in terms of food. So it's working well. Lots of space. Yeah. Ton of space right now. Because I have this bad feeling we're going to fill it up fast. But it's good. We have it for one year. So we just need the spring rush. That's when we have a spike of team members. But if we're hiring, like more for the media team, and I know they have like 20 people starting here in the next couple of weeks. Command center, it's not going to get tight. But it's. Right now it just feels so, so nice. But we'll fill it up.

I think it is a rite of passage. If you want to work directly under you to have to use a porta potty for five years.

For five years as listed.

Five years. And I'm. I'm over five now. I don't think. I don't think actually a lot of people probably know this is like, we don't work together in the same building.

Right.

Like we. This is when we see each other pretty much. And then maybe once a week outside of this.

And we do it on purpose. We want the franchise coaches to stay integrated with daily ops. Yeah. So that way they're more connected. And so we made that decision. Although it'd be nice to have you at the end. But I think it's really important that the franchisees know that our coaches are still in daily ops. That's why Chuck is still running locations every day. Today he bought a whole bunch of trucks and is hiring. It just keeps you in the mud, in the weeds so that you can help the franchisees the most.

Yeah. Definitely not a complaint. Not a complaint whatsoever.

Besides the outhouse.

Yeah.

No.

I don't mind. It doesn't bother me. Like, I, you know, doesn't need to get in biology.

April for April went from command center to that.

Yeah.

Yeah.

It's insane. Yeah. Like, we had a porta potty at the OG shop and that was like, that's. That was it. And now it's a rite of passage. I think you got to get through it, especially when snow routes, dude. When I would be at the shop and it's like two feet of snow.

That was brutal. You can like, walk and there's like, the snow would pile up in the bottom of the porta potty.

Raise your hand if you've slept in the shop with the porta potty on snow. Oh, my gosh. Um, dude, so last time we got to talking about copilot, we got talking about AI. I kind of wanted to talk a little bit about AI more openly. I think we kind of just dove into that conversation almost assuming that people under, kind of understand what AI is and they understand what a chat GPT is. And dolly. So maybe a brief introduction. What is. What is chat GPT? What is dolly?

Yeah, the chat GPT. And these. These algorithms around AI are or just, you know, entry level points of AI interfacing with using a text. Text base, spinning back text around artificial intelligence, scraping the Internet and then giving answers instead of a search query. And it's really, really powerful. And I think the idea. I know you want to talk about, like, making money around this.

Yeah.

I think my. My philosophy on this because everyone's like, jumping on how they're gonna make all this money. It will get democratized. It'll very, very quickly. Like, if everyone can do it, that, like, people are like, oh, like it's gonna be able to, you know, make this copy or like make a book wherever. It's like, great. That means everyone can do it. What people don't realize is the value of that service in terms of dollars will come down because if everyone can do it and everyone has an Internet connection and people in India can do this, they're gonna figure this out. And so all these, like, how to make money on chat GTP, I guarantee you in 6 to 12 months, all of those are gonna get wiped out. Mm. The least the ones are entry level. The ones that go the step above and start, you know, using it in different ways. They'll. They'll make money or build on top of the platform and niche it down and make, like, different products using it as a backend. However. However, it's like saying, you know, even if you go back 40 years ago, for 50 years ago, you know, you could, you could potentially say that there was a position or you could pay for email. Well now email is like you expect it to be free. You can get many, many multiple accounts. It's completely free because everyone offers it. And so whereas back in the day you, they need like servers and like the whole nine yards and it would be expensive. So in my opinion, ChatGPT. Chat GPT is just the beginning of AI. AI though at what it's currently doing is going to become completely democratized and extremely cheap. And so it's going to be who like stays ahead of that curve. They'll make money on it. It's obviously going to change tech and gonna wipe out some jobs. But yeah, the money making activities on ChatGPT, it's just a clickbait thing. Everyone's like, I can make free money. It's so easy. I can do all these things. Like, if you can do it and everyone else has the same tools as you, it means you have no unique advantage, you have no unique selling proposition. Anyone can do it and other people are just as smart as you and they'll figure it out. So I personally do like all these, like make money on chat ggp. It's gonna go away.

Yeah.

I think it's a cool sounding board for the human to interact with the AI. And instead of having someone like, hey, critique my sales script. Hey, critique this marketing campaign. You can ask it to make you marketing campaigns. So a video that Alex Hormozi put out, he said, hey, make me a sales script for a plumbing company. And they wrote a whole script and he was like, make it shorter, make it a text message. And it condensed. And if you go and mess around with it, and I messed around with it a little bit myself, it, it's wild because I'm like, man, these are certain things I say on like sales calls or these are certain things that I've said in conversation or in passing. And I think it makes it a cool sounding board. So I think I disagree with you in this in the sense that it will give people an advantage and then they can position themselves to make more money. And I think you're, you'd agree with that. So I guess we're not really disagreeing. I'm just elaborating that if you use it correct, you can probably increase a little bit of your personal capacity to perform better at work, right? Yeah.

But if you ultimately look at what the algorithm is doing, it's taking all of this information and it's creating an average of all these answers and spinning that out based upon, you know, synthesizing all of this data. So what you're getting is an average. And so in my opinion, to beat the average, you have to be better than the average. And so I feel like we're doing with something like chat GPT which will get better. Currently, as it stands, it has raised the threshold of what average is because now the average person has a tool that increases their capacity to make that marketing script, etc. But there's still the person that will be so much better than the AI at that marketing script and they will still do better than the average, which now has just been raised because of this new tool. Right? So who can take what ChatGPT gives it and then, okay, how do I link that up with four other campaigns and then optimize my budget and then have like multiple scripts and like all that, like that's where the creativity part is still valuable. It's still the person that's going to get above the average because the average has just been raised because everyone got the same tool. Like there's nothing different about you having Chat GPT versus everyone else in the world, right? The whole average will go up, but still the person that is incredible, like off the charts, they're still going to do great.

I guess the analogy then would be like Internet access. Would you, would you basically, would you agree with that in the sense that we all had access to the Internet, you know, when it came out, if you could use a computer, right? And the person who had amazing sales skills just learned more and was better than the other person and the other person is just at the average level because, well, they have access but it doesn't mean that their skills are now better.

Well, yeah, it's like, you know, phone calls from India and phone support, right? Like everyone's crying like we're losing phone jobs. And all the rest of it's like, well, no, no, they got Internet access. They can basically do that too. And they're willing to do it cheaper. So guess what, that's where supply is going. You know, supply is cheaper. We're going to. Demand is going to move that direction. And so, yeah, so if you were.

Like a mid level employee, entry level employee, like what would you be doing?

Focus on becoming above average. Yeah, right. Focus on taking these inputs. That's all it can give you is inputs. And how do I take that and make something that AI can never replicate? And so in my opinion, this is again Just moving up the average. The people that are above average do not need to worry. They're going to take this tool that used to take them an hour to now it can take an hour in 10 seconds. Great. Now it's going to be an hour to now focus on creative strategy that that AI bot cannot do. And so anyone that's job is in jeopardy, is basically been flirting with the, you know, the average, the mean of their industry, their technical abilities. And you've got to differentiate yourself by just becoming really, really good at something. And AI, there's just, we're decades away from it being able to do some of the things that a human brain can do and you just get really, really good at it.

Yeah, I saw this article and I think I was actually talking to my wife about it, Sarah, because she's, she's studying to be a teacher and there's lots of different schools of thought around like Common Core Math now. And it's like, well, why even teach certain aspects of Common Core Math when everyone is going to have these in their hand forever?

Yeah.

And it's like a big debate because people are like, well, it's a building. Building blocks of like society.

I understand the camp of scraping. Once you know algebra after that that there's no reason to know calculus. Like there's just absolutely no reason.

Dude, I didn't AP Calc. Did you use.

Do you remember what an integer, like all that stuff?

Not a chance.

You never used it in your entire life. After algebra, the game of math dies. Even for coding and what we're working with AI, I just need no algebra. That's all I need because the computer is running everything else. I just need to know how to speak a language to it and it does the rest for me. So it goes back though to this is what's crazy. Why have history if I just can pull my phone say to chat GPT like hey, explain, you know, the American Revolution to me.

Yeah.

And like bam, there it is. Here's the dates, here's what happened. Well, why would I need to go learn that?

Yeah.

So that, that's a bigger debate. Because it's not just gonna be math anymore. It was computational power can now you bring it out of, out of a calculator and it's basically all information is at your fingertips. Why would I go to school and learn this stuff and memorize it? Like, why would a doctor go and learn this stuff if I can type it in and immediately it's telling me like exactly what to do and exactly based upon these things and I can scan the person's face, take the temperature input data like their, their vitals. I guarantee you there's going to be better, there's going to be better synopsis and better diagnosis based upon that, that objective data than a doctor who's like in a rush that day and just prescribes a medicine that's wrong.

So.

Yeah, I think that's an interesting thought. It's like, but, but I think that.

Also value, obviously you know, the nostalgia like learning history and knowing it in your head permanently versus having access to it. But like, I don't know man, we just become romanticized about like what, what knowledge is and you know, this, that the storage of information has become romanticized. Like, oh, you need to learn this. Well why, like why would I need to store that in my brain if I can get it in seconds now, here? Well, when it becomes like now it's in a lens and I can all access it 100%. Why would I want to take my time and learn that it's always there. I just have to ask for it or think about it, or blink.

But instinct though, I think to use an extreme example, like a doctor in the middle of surgery. Yes. In three to five seconds he'll get an answer.

Instinct has a lower probability of being correct than an algorithm.

Them.

It'S fair. But what a split second decisions like.

A machine can operate much faster.

I don't know my dad, because my dad was in the navy and he, he was an air crewman in the navy and he said like, you know, he's, he's had lots of talks with different guys that still fly and they're still in the military and all that. And he, him and his buddies always saying, shout out Top Gun, Tom Cruise. Like you need the human element in the cockpit to like win a dog fight.

Right.

And so that's where like I know it's an extreme example because that's like 0, 0 something percent of the population are fighter pilots. But I, I think that, I think it's maybe a control element. Like as humans, we want a human in there. Like we want a human operating on us with the support of a machine. We want a human pilot with the support of a machine.

So, but that's, that's what I actually see being the, like, that's why drones, like you look at Ukraine, what's happening, Drones are massive over there. Oh yeah. If you look at like, in my opinion, it's not gonna be machine operating that we're like hundred, like at least 100 years worth that like especially a specialized surgery. What I do see happening though is a less experienced doctor being able to perform surgeries that otherwise people would be waiting on for a year. But because now he is interfacing with a machine and the machine is literally has a camera telling him exactly what to do, then that seems like, like that makes a lot of sense to me. Right? And then that algorithm is built by the best of the best of the best. It's not built by someone who just did three surgeries and is like giving it a shot. Right. So you can take the best brains and then just multiply them.

Right.

And that's what we're trying to do with co pilot is like, I'm gonna try to take what I have in my head and like, okay, this is what you should do based on this attrition rate, what you should do based on this close ratio. Like, why. Why do I need to make all this content and videos and all this garbage for people to learn it when I can literally put in an algorithm and based upon those numbers and those key KPIs, I can tell them exactly what to do in their business.

Right.

So I believe to your point, interfacing machines with the humans is the first step prior to machines actually doing it. I think we're like ages away from that.

But you still need the best of the best, as you said. So like why can't you with copilot and you did this. It's like you're taking all your experience, all your knowledge and then dumping it into a machine.

Say that again. Sorry.

Well, you said there's that you still have to have like the best of.

The best right there because they did it a thousand times.

Right.

So the person that so someone will.

Still always have to do it a thousand times.

Yeah. But if be so much better if I was able to get started on my thousand after four years of education instead of 15. Yeah. Because now I have something to follow and I'm following the best of the best. And now I've done it a thousand times by the time I'm out of otherwise just been getting out of school. I just saved a thousand lives. And they were all done perfectly because it was literally being guided to me by the best of the best. And so I become the best of the best faster. Right? So.

I don't know.

I am against memorization and learning in general because of what I went through. I know I skew that way. I just look at how much I've poured in of my Life and my time, my energy into something that I don't ever use. And I think that there's so much in life that we just waste time on. And that's why I'm really happy and optimistic of AI because they can take that stuff off our plate. It's like, oh, now you don't need to go to school for 12 years before going to college. You can go to four, four or five years. And by the time you're nine or 10, we're gonna everything that you need to know, quote, unquote, whatever that is and everything else. We're just going to interface, show you how to interface with technology to be able to get that information right away. Like that makes a lot of sense. Someone comes out with, otherwise a high school diploma means absolutely nothing. Instead of now they come out 18 and they know how to do a surgery, they know how to do taxes, they know how to do all these things. And they just need to have the tools to interface with the system that tells them what to do.

It's an interesting point. Like, I guess, you know, standardized learning, standardized testing, memorization, Common Core. Yeah, Useless in the Mike Andy's camp, you know, whatever. Like, I don't, I don't know, I have no like rebuttal for that. But I think if you look at like what intrigues people nowadays, it's like topics and discourse. Like think about whatever you, whatever you think about him. I'm not talking about him politically, but I think like Joe Rogan, extremely educational. Right. And he also probably doesn't realize his impact on, you know, 20 year old males without strong figures in their life. But it's extremely educated. Like why are people drawn to that? Because he talks about interesting topics and there's discourse and people can learn from that. I think it's very interesting that that has such a draw.

Poor Jamie won't have a job with AI.

Yeah, that's true.

But think about how much more powerful the discourse can be when immediately there's fact checking, immediately there's dates immediately the information is 100% accurate because it's being tested and is being ran through an algorithm. And we need to know the date for this or what's the name of this person is immediately there.

Yeah, but then I wouldn't make it kind of boring.

I know, it's.

I almost want to go the opposite now because like, think about it, if we were here, like we're openly debating AI and its benefits, well, it would have been spitting out percentages and saying, well actually, well, statistically well Joe Rogan didn't say that like yeah. And just get kind of boring in my opinion.

Yeah, but, but the same way to say that, you know, 100 years ago they would said it'd be boring if when we decide we want to determine where we're going to go out to dinner for tonight, you like looked it up with the best restaurants were in the city. That'd be boring. Like you immediately know like what their menu is. You immediately can contact them and book a table. You can immediately know the ratings and reviews and determine the best one right away. Like the whole joy is like looking and finding new and not looking online. Well now all of us do it. You go to a new city, the first thing you're doing is like best restaurants near me. Like that's what we're all doing. And so I think it's just interfacing with it correctly. And then there's other times to the person that is a more romantic or wants like these disconnect. You do just walk into a random restaurant.

Yeah.

And I know you, you.

Oh yeah, 100% I'm that guy. I'm that guy. 100%.

So like I think there's definitely a place for it.

Yeah.

And I think that if we have that approach, AI will actually be adopted faster versus like you must interface with this. This is how it must be done. If it's just like hey, there's an optional thing, it's going to enhance your life. If you like it, you can use it. And if not, I think that's the way all technology gets adopted the best. That's why like the Internet did well. Google search did well. And that's why Chat GPT has had multiple people in the past try to do what they're doing and fail. Because it's not giving the ability for the human to still make a decision, it's telling them something and it's still, it's already running these problems. It'll get into a certain debate politically or socially in these issues and that's what it'll run into heat. And there's been multiple times Microsoft has tried this and they ran into massive issues around like literally they shut it down a few days because of like it started spitting out the wrong information. And so what that does is you now force an opinion on someone versus with Google and like search you have the ability as to take ownership of your decision to make the right decision on the restaurant. Whereas when you ask chat GPT down the road or AI in the road, say I want to Go to the best restaurant in this city. Okay, now you are telling it an opinion. If you say this is the location you should go to because what happens if they get food, foodborne illness there? Who's responsible? Right? So you just push the, push that information versus here's 10 of the best in the area, make a decision. So I think that the secondary gets adopted much sooner because we feel in control and we don't like losing that. But it'll be interesting to see if, if it can improve fast enough to give that element of we still feel in control of it.

Right. Because you would. This is going to sound really dumb, but you don't want humanity become, to become a novelty.

Right?

Like where we just like. And I think we'll always fight that. Right. And I think it goes back to kind of my point from the last, last pod when I was talking about like creativity. And I feel like if we're all just doing data driven decisions. Right? And well, it's all an algorithm. Right. Or it's all quantitative. There's an element where that's just boring. Like I would never do that. Like I'm the type of person, like I go to a new place. Well, actually this perfect example. Yesterday I went down to Seattle. Marcus and I were hanging out and I was like, yeah, we'll meet at this restaurant. Okay, great. Oh, that restaurant doesn't open for an hour. Whoops. So it's like Google, Google, Google. This place looks interesting. This place is interesting. Let's just pick one and figure it out. Versus like we want a restaurant like the one we were going to go to. What's the best? Pick it.

So think about like this instead of thinking about that as a romantic thing that's like, so humanity, whatever. Think of it as like you wasted 30 minutes of the only thing that you have in life that is finite, which is time.

Yeah, but so basically my, my cookie cutter life is better than my life with some waste in it.

If I was letting. No, no, no.

You're trying to reach full optimization.

Yeah, but like life should be enjoyed. Smell the.

You could have 30 minutes ago smelled the actual flowers. Because instead you're looking for the wrong restaurant and you're in the wrong place. Driving around a concrete jungle. Like it just depends on what you're trying to optimize for. If you're trying to optimize for humanity, then yes. If you're trying to optimize for the fact that you save 30 minutes and then you can spend that people with people you love or being creative It's a different subject.

Yeah, that's fair. I don't know. I think I like the element of. Oh, I know, I love it. I think it just depends on who you are as a person. Yeah, right. For me, it's. I like the adventurous side of it. Like, when outside of work, I'm very free form, like, but at work I'm like, extremely deliberate. But outside of work it's like, yeah, we'll meet at 7.

But think about from this perspective, when, when a machine can take the things that are, are rigid for you and are computational and are repetitive, when it can take it off your plate. Just think how much time you have then to be creative, be an emotional human being, have humanity. Because you're no longer wrapped up in copying and pasting things. You're no longer wrapped up in writing out an email. Like, there's no reason in the world for that to happen. So I think it, I look at it very optimistically. It opens up things and like, the only thing that we, we currently have that is finite is time. I think the most valuable thing. And whether or not you're young or old, you probably put different weights and values on that. But it is the thing that we should protect the most. And so if we can take computational, this happening and this happening away and make it more where that just happens immediately, that should give us more time to do the other stuff. Unfortunately, most time in humanity's history, we don't do very well at taking that time and allocating it towards other, like, more personal and humanity things. We don't do very well that. Yeah, we would just do more of what.

We would find something else to fill that space. Yeah, that's interesting.

Well, I'd go look at more restaurants.

Go look at more restaurants. Do. We found a great spot. It was awesome. It's fantastic. Anybody needs a recommendation, just let me know. But we had, we had a conversation with the local shop team one morning and you, you said, like, what do you value the most? It was like time, money, health, education. Do you remember that? I don't know. It was just, it was an interesting discussion. And one of the things I said, I said education. Like, I was kind of playing devil's advocate because everybody was kind of picking the same thing. And I was like, well, this boring once again. See, AI, Everyone just picks the same thing. AI. It's just, it's this one thing. And I was like, this is a boring meeting.

No AI will know the pattern of your thoughts and spit out that random.

Idea that you were Thinking, I don't know, I'm lawless. AI can't pin me down.

It is. But I. I played devil's advocate and I said the most important thing is education. And the reason I said it, I specifically remember saying this, and I was like, that sounded really dumb. But this is what I said. I said, education is one of the few things you can do to speed up time. And I think that's kind of what you're saying with AI. No, it's not education, but it's access to information speeds up time. Like, that's basically what you've kind of.

Been arguing, assuming, playing against the counter. The thing I've already just been saying is that you want to speed up time.

Right?

Right. Because for some people, they enjoy being in college learning useless information that's, like, enjoyable to them. You know, sometimes optimizing for time is not what someone wants. Right. So I think it's optimizing for, you know, happiness or whatever it is. But, yeah, education should speed up time again, in theory, so you can go do things that you love and enjoy. Yeah, Right. But yeah, for some people, like, speeding up time is not really the best thing. So they're gonna push against AI until they're blue in the face.

I'm not gonna say I'm gonna push up against AI. I see a lot of benefits. I think it's gonna be awesome.

Yeah.

But I think it's not. I don't know. People will think they're more individual than they are. Like, they. I think maybe what I'm showing is that I would push back on AI because I'm like, well, I'm not. What if I don't want the result? It gives me, like a restaurant recommendation.

That. That is the. That is what it'll have to. It'll hit up against. I feel like that's going to be a turtle. Because we as humans want control and we don't want to be told what to do. And we want to interface with technology. We don't technology to tell us what to do. So that's where I feel there's gonna be a lot of resistance. And that's why I'm not. I'm not sold on everyone, like, chat, GGP stuff. Beginning of an era. I still see a lot of flaws with it.

Yeah.

I think it's still go the way of the dodo bird. I think it is three days away at any point in time from completely going under. It just takes one wrong thing. Someone puts it on Twitter, and now everyone's searching that One thing, and then immediately it's putting out false information. How that gets in there, who put the bug in there? Can that be politically jiggered? Like, there's a lot of issues with it. There's been other, other similar products that have failed very quickly because of things like that. So I'm not sold on it. I know the power of the tech, but I'm not sold that this is going to be like, the thing. I think it's still, you know, everyone's like, oh, chat GTP, you know, what did he say? Like, number 5,000, version 5,500 is what he's worried about. I'm like, look.

Based upon its historical, like, trend, I don't know if it's going to get to that. It might get a few versions in and be bought out. It might have a really big problem. Like, you go to the elections, like, who is telling that information? No, when does it switch from who is actually the president?

Is there?

Like, what's that look like? So there's just a bunch of stuff like that that I feel like could potentially sink it.

Yeah. Restaurants aside, it's. Who is. Who is providing the inputs for the AI? I think that's a big concern for a lot of people, because a presidential switch. Right. Well, what about this situation versus that? Perfect example is the documents that are found at Biden's, like, Delaware home recently. And this is not necessary to talk politics. I think it's a perfect example. Put your political biases aside, is Trump was accused of taking docus secured documents, classified documents from the White House to private property. Biden just got caught doing the same thing. Whether it's a plant, I don't know. I could be wrong. I could get disproved next week. I don't care. But from an example standpoint. Well, now, what if, you know, the president, the cabinet has control of the American AI or whatever, and, you know, Trump didn't pass that over to Biden, Is the AI going to say they're the same situation or is it going to say Trump's was A and Biden's was B?

Right.

That's where it gets scary.

And there's gonna be tons of people trying to stump it. And so it's going to play. It has to become political at some point.

Yeah.

In terms of, like, walking in a divide of every social issue, every sort of issue. Like, it has to be the middle. Right. It's very hard to be in the middle. And furthermore, people don't like the middle. They want. They want you to choose sides. That's why we have left and right. That's why I have Democrat and Republican. That's why. So like it just, it's just going to be cause a lot of issues because it's not giving the human the ability to make decision. It's trying to by saying hey, like here's what we think. But it could be this like it's trying to kind of like, you know, put play the middle game because ultimately it needs. It's the human still wants the ability to make a decision and as soon as it starts making calls on things and actually becomes a useful tool in a lot of cases. But when it starts making calls on subjective things, that's when I feel like they could hit some real resistance.

Well, I think what it's going to do is that I think people believe AI is going to take the objective or take the subjective and make it objective.

Well, think about how fast people get canceled right over things they said or did. Just think like what happens when chat GPT has an opinion that is against someone's political views or social views and it says that when someone is a certain amount of weeks in the field that is not a human being or whatever it is.

Yeah.

That could immediately turn off half the audience. It's very fragile. I don't embrace technology when it's coming out this early. I just know the power of the technology. Right. That's what we're building copilot on. Right. So like I'm a full believer in the technology whether or not chat gcp, jet chat GPT and that interface is going to be something that we actually want to do as humans. I'm not sold on yet. I think everyone's bought this line sinker and I'm still not sold on it.

Yeah.

Because I haven't used it like I do not prefer right now.

Yeah.

It takes too long for the text to show up.

Yeah.

It doesn't give me information that I'm actively looking for every day. And I don't feel like I'm. I get enough options. I want to know the left and I want to know the right so I can come up with a calculated decision. I don't want to the decision made. I just want the opinions. I'll make the decision as soon as you take it away from a human. I feel like they're going to feel out of control. Like I don't want that Feel like.

You talked yourself into my side of the argument.

I'm trying to play devil's advocate both sides.

No, I like I like that. I. Yeah, I mean, I, I think that's exactly where I kind of sit. Like, I don't use it in a practical sense. Messed around with it, wanted to see what it was, see how cool it is. But it's just interesting that it can, you know, replace that, I guess to kind of wrap all this together, replace, you know, basic learning skills that we had. And it's. All that information is accessible, Common core, math, history, all that stuff. But the big picture is.

Yeah.

Who's controlling the inputs and what do we do when it gets political or subjective? Does it make a subjective objective? Because even Covid, you have doctors that are massively this side, massively that side. Well, what doctors? What tests are they putting into the AI to make the decision what happens.

When it says the wrong information and someone dies because of it?

Yeah.

Right. Because now at Google it's like, hey, well, you looked it up and the other was five different opinions, but they're all different. You chose the wrong one, your fault. So, like, there's gonna be massive lawsuits in my opinion, down the road, all sorts of things like this. But if AI was here, it'd probably be saying, our retention graph is dropping fast. So we've talked a lot about. Yeah, we have talked about it.

I agree. All right. I want to try one last thing. This is a thought I had.

Okay.

Two podcasts ago.

Okay.

Well, yeah. As before conference, your livestock picks when you bought Tesla.

Yeah. Still going to keep going down, dude.

Yeah. You bought. You bought Tesla live on the 7% up today. Not bad. You're still holding.

Oh, yeah.

Not financial advice.

Oh, no. It's going to still go down. It's going down over the next year too. Very much. Very fully aware of that. I think it'll get. It could potentially if we continue the recession goes as deep as I think it will, it'll half still. I still have.

Yeah. So what I wanted to do is let's. Let's try a new bit. I didn't, I didn't prep you for this, but I'd like to maybe try a thing on the POD where we just call it not financial advice.

That's cool.

And it can be. It can be anything. Just some advice.

My advice you can have. Do not buy a house for the next six months.

Okay.

Is a horrible decision. Interest rates are still higher than like, like house prices still have to catch up with how fast interest rates jumped. So do not buy a house.

What about cars? If you need to, like, the value.

Of cars are going down. The values of cars are going down. I would be saying, who? On a loan?

Yeah. Like if you need to get a loan on a car, let's say you want to buy 20, 30, it's going down in value.

It's going to go down another 10 to 15% over the next year. So just be ready for that. Right. Everyone just got freaking out because Tesla cut price is like $20,000. Like literally 15 to 1% off. Like that. If you bought a car two months ago, it's now literally like 25, 30% less. Like that's going to keep happening over and over and over because now the supply chain is caught up, Demand has come down and now inventory is going up. Guess what everyone's gonna do, they're gonna cut prices. And we literally went up like 40, 50% over the past couple years. It's gonna come way down. So the same thing's happening with housing. So I would not buy a house. And in terms of a car, if it didn't make me money, I'd be skimping by as much as possible. Like personal, personal vehicles. I just try to go as small as possible to and wait six to 12 months. If I was making money on it, I would get what's right for the business.

Good, I like that. That's great. That's great. Not financial advice.

Not financial advice. Do not buy. Here's the next six months.

Here's my non financial advice.

Oh, you guys.

Yeah, we each get one.

Let's do it.

We each get one. Here's my not financial advice.

You're not gonna push back on my advice?

No, I think that's good. I don't know. Dude, you're a realtor.

Oh, yeah.

I'm a lowly, I'm just a lowly homeowner. I'm just, I'm just a pawn in your scheme. That's all I am.

I sold all half of mine in, in middle 2022 because like I actually believe, like it's not a good time to buy real estate.

Yeah, I mean that's, you know. No, so I agree with that. I think that's great. Plus I have one home, I don't need another.

There's some stat about how many people, how many realtors have dropped out in the past six months. It's incredible. Yeah, because like there's nothing, there's nothing selling. So it was incredible. Just like, I don't want to say if I want to say it's somewhere in the 20s, a percentage of realtors have stopped in the past six months. Like, stop being a realtor. Because there's. Because there's nothing. There's nothing there. So I think I lucked out like the skin of my teeth, dude, selling those 10 units. And I would have liked to sell this one the 10 years now. I have such good debt on it.

Yeah.

I'm not going to go down price at all. So I'm like, I'll just leave it up for sale at a very high top dollar. And people want it, they can get it.

If any realtors are looking for a job, Mike is hiring a new media person. So you have some media skills.

This launches. Hopefully those are spots are filled. Sorry, go ahead. Not financial.

Here's my not financial advice.

Okay.

Since this is a new bit and we just came up with it, but I thought it'd be funny. My not financial advice is try a new restaurant. How's that sound? But don't look it up.

You don't. You. You actually want not financial advice.

No, it can be financial advice. That's. It's a bit within a bit. Okay.

I thought you wanted me to give financial advice, but like have under like not financial advice.

No. Most of yours probably will be financial advice.

Okay.

And I'll be the ying to your yang.

Okay, well, let me give one that's not financially.

We're gonna do it every week. He's too excited. He's too excited.

My non financial advice is find someone that you can take a picture of everything you put in your mouth and make a group chat and just send a picture of everything you eat. It's the best form of accountability ever. It takes way faster than trying to go to like a calorie counter app or any of those things. Just take a picture of everything you eat and send it on the chat.

Who do you send that to?

I have a coach that does it.

You have a coach?

Yeah, I just started like a life coach. No, my gym coach, Christian at the gym. He's a trainer and he's had fitness. And so I.

Think I eat that's cool. All day long.

Yeah. Because I heard you right before we started recording, you said, I got to take a picture of this. And you were standing over your hummus. And I was like, it's so good, dude. It's so good for your brain.

Yeah, sorry.

I agree with that. One of our franchisees wants to do 75 hard.

That's where that came from. As a mastermind this morning.

I'm intrigued.

Yeah, that's what he said. He was saying that. Yeah.

I don't want to die, but I think I want to try it.

Dude, if you did that, you would.

Lose so much weight. Yeah, I know. I need to. I really need to probably at least 20 or 30 pounds. Probably. Yeah, I need to.

So let's go.

Office job killed me. I know, but my. My not financial advice because Mike got too excited is, yeah, Try a new restaurant that you didn't look up. You know, there's your advice. Because I. Because I tried one. I mean, I found it on Google, but I didn't, like, look at reviews. I didn't super look at the menu. Yeah, but I said, this looks great. Let's try it.

If you have certain food preferences or food restrictions, like, you can't just walk into any restaurant because you're just gonna be disappointed. Like, I can't go into some restaurants. They don't have good food. They have, like, junk, like, fried everything. I don't want.

Oh, man.

All right.

Is that it?

That's it.

That's it for the pod.

Thanks, everybody. Like and subscrib.