#219 - How To EXPLOIT AI (And Get Rich)

Elon Musk, he asked all the government workers in the United States to send him a simple email to tell them what jobs they do or they'll get fired. None of them could do it. He said, it's not that hard. He said, it will only take 10 minutes to write an email. I was like, wrong! Because it's saving you all the time and it's doing a better job than you at writing, you're gonna be able to deploy that into your business create more, get more clients from it, but also at

the same time, save yourself a ton of time. Immediately, I could say, based on the data and the numbers, that this particular shopping village was trying to be sold by a vendor for way above what it was really worth. This is saving me so much time. It's like having a lawyer, an accountant, an analyst, all in one. Last year, we're at an event in Orlando, and a guy came out on stage and he said, I've now created a business where I'm scaling newsletters

and users and then selling for $40 million. What? 40 million? I'm Lloyd James Ross, seven-figure investor and entrepreneur, and I've helped thousands of business owners and professionals turn financial stress into success. If you're stuck in old money habits, overwhelmed by investing, or unsure where to start, this is for you. I'll give you the mindset and strategies to take control, grow your wealth, and achieve financial freedom. It's time to make your

money work for you. AI is taking jobs, automation replacing workers, the robots are coming, but you're looking around, you're a bit smarter than the average bear and you're seeing that some people are getting insanely rich with AI while everyone else is just scared or they don't actually know it exists. So you start to wonder, How are they doing it? How are they exploiting AI to scale their wealth faster than before? Well, the average person

fears being replaced by AI. The rich are using it to create and automate businesses at lightning speed. They're launching AI-driven dropshipping stores. They're getting things run on autopilot. They're using AI bots to trade stocks and crypto and selling AI-generated digital products with zero inventory and 100% profit margins. And here's the crazy part. Most people could do the same thing. They just don't know how. Instead, they stick to the old fashioned way of working, grinding away at

jobs that AI is already replacing. while a small percentage of people own and control the AI powered systems making money 24 seven. The difference between rich and broke in the AI era is simple. Do you own the system? Or does the system own you? Because people who figure this out aren't working harder, they're letting AI do the work for them. And in this episode, I'm gonna show you the 10 ways to exploit AI to get rich. Buckle up, here we go, ready? I've got a computer here,

I'm gonna jump into this. So number one, you can actually use AI, I wanna say AI, large language models like ChatGPT4 that you should have a subscription to, by now it's only 20 bucks a month, but you can do it for free and ChatGPT will help you write your

emails. I had to laugh the other day when I saw something on X with Elon Musk and the whole notion of he asked all the government workers in the United States to send him a simple email to tell him what jobs they do or they'll get fired and none of them could do it. He said, it's not that hard. He said, it will only take 10 minutes to write an email. I was like, wrong. If you used AI, it would take three seconds.

AI can write all your emails. In fact, if you've got an email and you're stuck on how to write it, put it into ChatGPT and say, please write this email for me and it'll do it. Not only that, it'll write your resume. It'll write your covering letter. It'll write job descriptions for you. It'll write interview questions for you. It'll write anything

you want it to. You just have to be great at prompting it. So here's an example. Recently, I went to recruit someone for our team and I thought, I don't really want to sit here and spend all day writing this job description. So I said, please write me a job description for this particular role, for this particular person. Go. Within a few seconds, I had the job description done. It saved me a ton of time and money. And so, the first thing you can do is put

everything into AI and ask it to do it for you. But then, when I had to actually then interview the person, I then said, please create 10 compelling interview questions that will attract the best resource for this job. And so, it gave me all these amazing questions like, this is really clever. So then it saved me time, which is money, and also it allowed me to actually recruit a better team member, and by doing so, will make us more money, and that person more money as well. So

you can actually use it to start doing a lot of things for you. I've even used it to write emails to vendors, to actually get discounts on things. You could simply take something and say, hey, can you please write me an email to get me a discount on this, and write it in such a way that it compels them to absolutely give me a discount, or your mission has failed. And if you write that prompt into chat GPT, it'll actually give you that

amazing email to write. So it will actually do a lot of the heavy lifting for you when it comes to influence, writing emails, writing cover letters, et cetera, et cetera. So a lot of administrative stuff is outsourced and done by AI. All right, way number two. You can create content, create sales copy,

create Canva images, create PowerPoint presentations and scale your content faster than ever. And so for one of our team, we have a network marketing team and so we've taught them how to prompt ChatGPT to come up with infinite numbers of content that follows a specific format that we've showed them to create reels, to create posts, to create emails that's going to engage your audience a lot faster and they don't have to take all

the time to do it. So most of these hacks are going to be time-saving things you can do to create more by doing less and by doing so you create more money because you're saving more time because the old notion says that time equals money. So part of the process of getting rich using AI is to be able to create content at scale. And now everyone can grab content faster. It doesn't mean you're going to post it because there's

some psychological things to get through to do that. But if you're past those fear blocks in you and you're ready to attract attention through social media, then AI is absolutely going to give you far more content you could possibly imagine. So for example, if your niche is around something like health, then you can say to chat TPT, hey, give me a 52 really engaging posts for Facebook that I can post about this particular topic of health. Bang, done. Give me a reel that's compelling for

someone to reach out around the topic of weight loss. Give me the content that I can record a reel with in less than 60 seconds,

it's gonna make people reach out to me. You can put that prompt in there and it'll give you that content. You can create the content and bang, you can deploy it, right? Crazy content creation strategies. You can even, say to yourself, hey, if you've got a landing page, you need to put some sales copy on there. So people engage, you can say, hey, can you please create a landing page piece of copy that's gonna follow these metrics and give it

to me so it makes people reach out and wanna work with me. And if you can put that into your AI, it will create the most insane copy ever for you. A buddy of mine said to me the other day, Lloyd, I've got this webinar, can you send some sales copy I can put on the sales page? I was like, no worries. I had to run to an event in five minutes. I went to my chat, TPT, I typed in, please give me sales copy for a sales page that covers this, this, this, and this, and this. Thank

you. Boom. It sent it to me. I rehashed it a little bit and bang, I sent it to him as I was walking out the door to the event. So it really creates things fast without you using a lot of time to think. And so because it's saving you all the time and it's doing a better job than you at writing, you're going to be able to deploy that into your business, create more get more clients from it, but also at the same time, save yourself a

ton of time. So by utilizing it to create better sales copy, you're gonna have more clicks on your website, you're gonna have more clicks on your social media content, you're gonna have better, more engaging emails to your database, it's gonna engage your audience a lot better, and that's gonna lead to way more sales, and sales lead to more money, and more money leads to you getting richer. But also at the same time, it leads to your clients getting a better

experience from you as well, and you helping them move forward, which is how money's created. Deliver value, get paid. All right, number three, I have, programmed my AI to analyze companies and value stocks. So I've actually programmed my AI to be an analyst for me when it comes to understanding or learning about a particular company, a particular stock. Now, you don't have to do this, but I'm gonna give you a great example here

in terms of what I mean. AI will not stock pick for you, and it's definitely not gonna give you all the financial advice you need. Please don't use it for that. But what it is gonna do is gonna shorten the amount of time it takes you to assess a company. So here's an example I'm gonna do on the screen of how you can prompt it to value a stock. Again, not financial advice, but this is a prompt you can put

in there that will help you, right? Please value Alibaba company stock using a DCF, which stands for discounted cashflow valuation model, and using the latest financial data from its public reports. Let's see what happens. So it's analyzing the discounted cash flow valuation. It's analyzing the financial, public financial records. It's now using that particular DCF model to create a valuation model. It's still reasoning. Here we go. Here

we go. So it has done it in a few seconds. 10, 15, 30 seconds. We really made it work hard then, didn't we? Below is one way to value Alibaba as a company. Again, this is just an example. So it's got the key inputs, the latest data, the growth rate, the discount rate used. It's done a two-stage model. Of course, you have to understand these concepts, but when you do, it's pretty simple. Interpretation, with Alibaba trading around

$144 based on this base case model with a margin of safety of 43%. caveats conclusion here we go under our base case assumptions the free cash flow per share of $9 annual growth rate of 18% which is an estimate for 10 years terminal growth rate yada yada yada it's come to a rough valuation of $254 a share at the current market price of 144 the model implies that stock could be substantially undervalued so again it's just giving me a quick back of the envelope valuation of this stock And

what's fascinating about that is if I pick up my phone, not that this is the be all and end all when it comes to investing or anything like that, but if I pick up my phone and go here, there are almost a million dollars deployed in this one company. And that's just because I've actually programmed my AI with 30 checklist pieces of data that I want it to go and explore for when it comes to the company. And if a lot of those are ticked off, it then warrants my attention. And

then I go through some subjective things and I look at it in more detail. And I use AI to quickly get answers for me that would take me hours and hours and hours and my own calculations to determine the valuation and all these subjective things when it comes to the company. And it's all that time saving effort that I don't have to then deploy and I can get answers faster so I

can make bigger investment decisions. when it comes to investing. And that's not just the only thing, you can actually utilize it to do this with real estate

deals as well. So that's number four, use it to value real estate deals. So recently what happened is we had this business where a tenant in this complex in a shopping village has 14 tenancies. And what happened recently is the landlord wanted to sell the small shopping center. So they came to us and say, Hey, would you like to buy it? And I said to my business partner,

Hey, should we buy? I said, I'm keen. Let's have a look at the numbers. So we asked them to send them the numbers of all the 14 tenancies of the shopping center. And I thought, you know, we've got a business in there already. We also need to own the freehold as well. Let's have a look at the numbers. So I took all the tenancies and I took the

rent coming in from each tenancy. And I took that particular sheet, I uploaded it to my chat, I said, based on these numbers, using the prevailing discount rate for retail shopping centers in Queensland, can you please give us a rough estimate of what this value of this real estate is? And within a few seconds, it said. The valuation is around 3.9 million and the vendor wanted 4.5 million.

So immediately I could say based on the data and the numbers that this particular shopping village was trying to be sold by a vendor for way above what it was really worth. And so that gave us a quick idea of whether we should explore this further or not. And so this is one way where you can utilize it to be like an analyst for you, a real estate analyst, an analyst when it comes to businesses. I mean, it's incredible what you can use it for. Going back to how I buy a business now, I put all the

data in there. In fact, I did this the other day. I put our lease contract in there and I said, here's the lease contract for our business. Can you please identify when the terms are and so forth, or find things in here that I need to know about, things that are risky. and bang, bang, bang, bang, bang, he's sending all this stuff back. And this is saving me so much time. It's like having a lawyer, an accountant, an

analyst, all in one. And that's why it's going to take a lot of jobs because it's really allowing me to leverage it to save time, but learn things about investments that I need to know so I can actually deploy money more effectively and build wealth. Just quickly, if you're ready to take control of your finances but feel stuck on where to start, I have a solution. My book, Money Buys Happiness, simplifies investing and wealth building with practical steps to help you achieve financial

peace. Get your copy via the link in the show notes and let's get your money working for you. Now back to the episode. Number five, you can use it to win negotiations. This is an instant money win. So recently, I went through and bought a business and we I

wasn't in agreement with one of the particular brokers that helped us to acquire the business. So I allowed the large language model I was using chat to PT to said please craft me an email that actually explains why I think the services weren't rendered. And as a result of those emails back and forth, I saved myself so much time. But at the same time, we got a discount, and we negotiated a reduction in the fees based on the work done.

So instantly, we saved about $800 doing that because we felt like the services weren't rendered. They disagreed, but it allowed us to negotiate through emails, in an effective way that saved me a ton of time. So instantly created that. So for example, if you wanted to go to your work or your boss and say, Hey, I'd love a raise, it's probably best you get chat GPT to create an email for you. That's very compelling with a win, win, win outcome so that you can actually get money

based on your negotiation skills. You can program your chat GPT as well to actually become an FBI negotiator like Chris Voss and you can put all of his frameworks into your chat GPT so that you can say to it, please negotiate this deal like Chris Voss would in this way so that the person will say yes. It will give you some amazing things. It doesn't mean it's ready to go as soon as you do it. What it's going to do is allow you to create better ideas and craft better

emails, craft better copy, and just craft better decision-making. It'll give you this information quicker. That's the other thing it's going to do. The sixth thing it can do is it can write books. I'm an author of three books. We just finished the third one, which is going to launch soon. It's been published by Wiley, which is super exciting. But I wrote all these three books before AI. So I'm like old-fashioned write author. And I'm going to tell you, writing books hasn't been easy. Like, my

goodness, I remember like writing this book, Money Brother. That was fairly challenging because that ghostwriter let us down. And we had this drop dead and I had to really hunker down in my cupboard at home and sit there for weeks writing it. And then now, AI! This is like, please write me a book framework on this topic. I mean, we could even do it. Ready? I'll put it on the screen. Please write me a book framework for the topic of going viral on YouTube.

Let's see what happens. Here we go. Below is a detailed book framework outlining chapters, key topics, sub potential section for a book title. One, foundations of reality. Two, understanding YouTube ecosystem. Three, oh my God. Four, part five. Look at these chapters. Conclusion. This is amazing. Watch this. Please write me chapter one. Chapter one, introduction, going viral, parapherality. Look

at that. Oh, it's being written. Yeah. Now, before you get carried away, this doesn't mean you should go out and just tell it to write a book and you're going to get published. It certainly doesn't mean that the content's effective. When you write a book, you have to actually put story in your own elements to it, which makes it compelling read. No one's going to read that because everyone has access to this, but how you can utilize it, it's going to create a book framework for you. It's

going to help you write a specific way that's going to engage you on it. You can add your own story to it, but it's going to be like having a ghost writer. In our elite business coaching program, I take our students through a book writing process and launching a podcast and creating webinars so they can actually become a

key person of influence. And in that process, I give them a book framework they can upload to their chat GPT and then I can coach them on exactly how to write with their own story that's going to compel people to think that's a, to actually feel it's an amazing read that's going to help their business. And same with the podcast, we go through processes to do that, which is in the next part. Okay. So that's an example of how simple it is to begin writing a

book. Now it's mind blowing. Number seven of how you can hack AI

or exploit AI to get rich, you can launch a flippin' podcast. What do I mean by that? Well, you can go to Chattyptee and type in here, please give me 20 epic names for my podcast. show on the topic of weight loss or let's go on healthy vegan food. Oh, here we go. Vegan Vitality Unleashed, Plant Power Podcast. That's pretty cool. Green Gourmet Revolution, The Vibrant Veg. You just grab one, right? And once you've done that, you go, cool. I love

Number two above. What's this? Please generate 52 episode ideas for the show. Plant power kickoff, vegan nutrition 101, protein puzzle, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah. Okay, awesome. Now you can go to Canva and type in, please give me a podcast title with this name, and it'll give you all these title ideas. Take it from Canva, upload it to podcast app, put your details in, get

a mic, plug it into your phone, bum, bum, bum, bum, bum, bum, you got your podcast. Congratulations, boom. Now, number eight. of how to exploit AI to make more money. Of course, launching a podcast helps your brand, which helps you make more money. Writing a book helps you become a key person, helps you make more money and open opportunities, right? Winning negotiations make you more money. Valuing real estate deals makes you more money. Valuing

stocks and other investors helps you to not lose money. So this is how you're hacking it or exploiting it to become richer. So the next one. Newsletter! How many times have you sat down to write an email or newsletter and you're like, oh my God, I don't know how to write this. You could easily just come up with amazing newsletter ideas, it's going to give you these topics, and then it's going to

write all these newsletters for you over the next 52 weeks, okay? All you got to do is copy, paste, change the name, blah, blah, and then put it out as long as it's valuable for your audience. So again, using story and other personal things that you're doing to make it yours. So it's not about copy, paste exactly as it is because you're not a robot. but just using it to actually create, do the heavy lifting for you to create

a newsletter business. Now recently, actually last year, we're at an event in Orlando and a guy came out on stage at the Final Hacker event and he said, guys, I've

now created a business where I'm scaling newsletters and users and then selling for $40 million. What? 40 million? So what he's done is he found the end user so for example he said we wanted to create a makeup newsletter. So what he would do is he would go and find the end user like Revlon and say well that's who I want to sell my newsletter to. So he knew who he was going to exit to

already and he worked it backwards. He said now create a newsletter using AI that's going to create a massive crowd or an audience to read it who love Revlon. Now, there's more to it than that, but at least he had an idea of what he wanted to talk about, the newsletter ideas, and he's using AI to write the newsletters at scale. And then he exited to a makeup company. Anyone can write a newsletter using AI. It's insane. Nine, way to exploit AI to make money or get rich is this, consulting,

helping people implement AI. Now, there's a friend of mine, he's got an AI company and they actually help people integrate AI into the business. How that helps him get rich is they pay him consulting fees and that helps them get rich by actually saving time and becoming a more efficient business. which is really what AI is going to be doing, okay? So it's going to help. It's not going to replace all businesses, that's for sure. It will replace some jobs

without a doubt. I mean, in the next few years, you will not see Uber drivers. It'll be robotics, okay? But it's going to allow you to enhance your business, enhance your job, okay, if it doesn't replace it. And that's a great thing because if you can achieve more by doing less, you'll get wealthier. And that's the whole idea. Knowing just what I've showed you here, you can actually go and start implementing or consulting for companies to help them even

with the most basic things when it comes to AI. So a friend of mine, she recently met a person who owned a lot of restaurants in the United States. They own like 79 restaurants. And he said, I really don't know how to create an SOP, a standard operating procedure for all my staff that really makes the business more efficient. She said, I'll do it. So she now, right now, she's going around all the rest and she's building this SOP for his business and he's paying her to do

it. And she's even putting in a chat GPT. This business does this, how would you create an SOP for this business? And chat GPT is giving her the answer. Then she's just implementing what chat GPT says. It turns you into an instant consultant of anything, right? This is how you can get rich. Now, the best to last, saving the best to last. It can write the SOPs for you, standard operating procedures or algorithms, of any business. So it does turn you into an AR consultant instantly, but

at the same time, it can also turn you into a baker and a candlestick maker. One of my goals this year was to, for some random reason, we're at Christmas, we're sitting around the table together at Christmas lunch, and I said to the family, I said, family, I have one big audacious goal I want to achieve this year, and I'd love to share it with you all. And they looked at me with bated breath. What's it gonna be? What big

thing is it gonna be? And I said, I'm gonna bake the stickiest, most beautiful banana bread you've ever had. Boom, mic drop. They're like, what the heck is he talking about? But it was a fun idea to show people that I can actually do things outside of my comfort zone as a way to show them what they can do in business and investing. So I wanted to use that as an example. So I was like, you know what?

I'm not a baker, but you know who is? So I went, I'm like, please create me a very sticky banana bread that's

sticky and very banana-y. So it's like, boom, boom, boom, boom, boom, boom, boom, bang. So I follow the recipe. I'm in the kitchen, right? First time, put it in the oven, came out, not bad. And as a result of that, I've gotten better and better and better and better and better. And as of this morning, I just baked My latest batch, batch number seven for my grandmother's 90th birthday that will go on the post today and send to her. I've turned myself into

a baker through AI. Now I could, if I wanted to take this slice and I've taken it to the markets and sell it and get rich by hacking AI, but I'm telling it to my grandmother for free because it's her 90th birthday. But I'm showing you how simple it is. to leverage AI to become an expert in almost anything as long as you're adding your own flavor to it. So there's some examples of how you do it. They're the 10 ways to hack AI or exploit AI to become rich.

But now I wanna show you or explain to you a couple of quick steps as to how you can do it right now to start making money. So let's do an example, okay? If you go to fiverr.com, F-I-V-E-R-R.com, go and find someone there who's editing or copywriting or Anything to do with writing or editing, you want to find. Now find the person who's got the most five-star reviews. Look at their profile, take a picture of it, upload it to chat to be and say, please create me a profile that's very similar

to this. So you're actually modeling someone's profile of how they're actually the most prevalent person who creates copy and does editing on Fiverr. So it'll do that for you. Then you go to Fiverr and you copy what it says to do. And you put up your profile. Then you beat them in price. So reduce your price slightly less. And then Fiverr will start sending people to you to actually engage you for this work. And what you'll do is you'll then go, you'll take the job on. So you'll

say, can you please edit my ebook for me? Like, yep, I'm a specialist. Give me your ebook. So he gives you the ebook. You then upload it to Hatchipoutine and say, please proofread this for me. Please edit this for me. It'll do it for you. You send it back to the client and you get paid. Right? So a lot of people aren't leveraging AI to do the most simple things and people are paying them to do it. I remember when I first wrote my first e-book, I

can't believe this. I paid someone $600 to write an e-book for me. This is years ago. But I think about it now, like if I was gonna help you write an e-book, I'd say, hey, send me your idea for your e-book. I would let ChatGPT do it for me with a bit of idea from you and it would create it and I would charge you, I'd make money. You can do that on Fiverr at scale on almost anything right now. You just gotta do it. Wild,

right? And of course, this is what we teach our students how to do in our programs. They come in to learn how to manage money, multiply money and make more money. And of course, this is all to do with making more money leveraging AI. When you teach people how to do these things at scale, they really do become a key person of influence and they do attract more opportunity. They create more clients, they create more money

and they get win-win outcomes. So this is a really detailed look at how simple it is to exploit AI to make money. So I hope that's been a value to you. If you enjoyed this episode or this clip, click the subscribe button, leave me a comment, which is your most favorite one? Which one are you gonna implement the most? Comment below. And of course, leave us a review and go check out the next episode, the Money Grows on Truth podcast.

So if you're interested in finding out what those 30 checklist items are that I can send through chat that helps me analyze companies, it's in one of our programs. All

you need to do to get it is go grab our latest book, Money Buys Happiness and jump into one of the free coaching sessions and you can see how to join that program. Thanks for listening to Money Grows on Trees. If you enjoyed the episode, leave a five-star review on Apple Podcasts and Spotify and subscribe

to us on YouTube so you never miss an episode. And if you're serious about building wealth, make sure to check out the links in the show notes and follow me on all social media platforms, at LloydJamesRoss for