13: Driverless Cars Will Soon Disrupt Your Life and Investments
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 9 January 2015
⏱️ 32 minutes
🧾️ Download transcript
Summary
#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars.
The good news? Today you can learn how to position yourself to make this innovation profitable for you.
Listen to this week’s show and learn:
01:15 Driverless cars, 3-D printing, and drones will dramatically affect you.
02:28 People often scoff at the notion of coming change. Then change comes fast.
05:14 It’s easy to forget that horse travel used to dominate American transportation.
07:37 The invention of the automobile populated the suburbs.
09:43 Today, many cities have more than half their area dedicated to streets and parking for cars.
13:16 Ride-sharing services like Uber have already diminished the demand for parking lot real estate.
14:12 Unused parking spaces and smaller roads are coming. This will change real estate values.
15:47 Most agree that driverless cars will be for sale to the public by 2020. This will improve your life.
21:32 Driverless cars will make some real estate more valuable, and some less valuable.
24:30 Why driverless cars may spell the demise of convenience stores.
25:45 Homes near public transportation may experience falling value with this new technology.
27:35 Why investing in automobile companies over the long-term may be dangerous.
30:07 Why buy-and-hold real estate investors must know what to avoid with this technology.
Resources mentioned:
www.Reefogc.com
www.Uber.com
www.Lyft.com
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Refoil and Gas Companies, Partners in American Energy Production for World Consumption. |
| 0:12.0 | Welcome to Get Rich Education with Keith Winehole, giving you information and ideas on the investment that |
| 0:22.9 | has turned more ordinary people into millionaires and billionaires than anything else, |
| 0:29.1 | and can provide you with more wealth and happiness than you ever thought possible. |
| 0:33.8 | Now here's your host, investor, entrepreneur, business owner, and educator, Keith Weinhold. |
| 0:45.1 | Welcome to the Get Rich Education podcast, show 13. I am your host Keith Weinhold. We're talking technology today, both how it will affect your life and how it will affect |
| 0:55.5 | you as an investor and a real estate investor. |
| 0:59.1 | Yeah, and real estate is the investment that has made more people wealthy than anything else. |
| 1:03.5 | So technological change and how it affects real estate causes big ripples in the investor world. |
| 1:10.4 | At least three disruptive technologies all promise to have a great impact on your everyday |
| 1:16.0 | life these next 10 years and you need to think about how that affects you and your investing. |
| 1:22.2 | Namely, 3D printing drones and driverless cars are the three technologies I'm talking about. |
| 1:28.3 | And they all plan to disrupt real estate, some for the better, some for the worse. |
| 1:33.3 | You know, people lead reactive lives, not proactive lives. |
| 1:38.3 | So congratulations for being here. You're being proactive and technology changes a lot in our lives. |
| 1:45.8 | And, you know, really, sometimes it's easy to forget. |
| 1:49.8 | Remember around the year 2000, it was common to ask the question whether one had the |
| 1:56.6 | intranet at home or not. |
| 1:59.0 | You know, what about that same time? |
| 2:00.4 | Remember people asking each other |
| 2:02.1 | if they did their banking online? Do you remember that? There was a significant subset of people then |
| 2:08.1 | that considered online banking something that was risky. And that all went away pretty fast. |
... |
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