How A.I. Will Change the Way You Invest

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 22 May 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Rich Dad Radio Show, Robert Kiyosaki discusses the potential and implications of artificial intelligence (AI) with special guest Bert Dohmen from Dohmen Research. They talk about the hype surrounding AI, comparing it to historical technological advancements and its potential to be bigger than the dot-com bubble. Kiyosaki and Dohmen delve into investment strategies, highlighting the importance of understanding before investing in sectors like AI, real estate, and cryptocurrencies. Dohmen, known for his in-depth research, also touches on the evolving job market, the role of education, and the significance of vocational schools. Furthermore, they explore how AI analyzes vast amounts of data for solutions in fields such as cancer research. The discussion also covers the impact of automation on jobs, suggesting that technological advancements tend to create new job opportunities rather than eliminating positions wholesale. Dohmen shares advice on investment timing, the manipulation of stock markets, and offers a free report on investing in AI for listeners interested in learning more.

Free Copy of Wellington Letter: DohmenCapital.com/RichDad

Transcript

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0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiosaki.
0:09.0	Hello Robert Kiosaki, The Rich
0:10.0	Radio Show.
0:11.0	I'm broadcasting from Phoenix Arizona and like I said
0:15.8	it's either heaven or hell right now it's heaven but in another couple of months
0:19.9	it'll be hell it gets hot as hell here but anyway we have a very important show because some of you have heard about AI artificial intelligence and it's going to be from what I hear it's going to be bigger than the internet and all this and the hype is on.
0:35.0	It's the same as Bitcoin, you know, they're saying Bitcoin today is like, let's say, 60,000.
0:39.8	It's going to go to 5 million a coin and all this.
0:42.2	And you hear all these stories. But does that mean you
0:45.1	should invest in it? No. You know what I mean? And one of the rules of thumb is if you're going to invest, you
0:52.4	should know what you're investing in.
0:54.8	Are you good at it?
0:56.0	So I'm pretty good at oil because I went to school to be an oil man.
0:59.6	I make a lot of money on oil.
1:01.6	I study real estate like crazy. I make a lot of money on oil. I study real estate like crazy and make a lot of money on real
1:04.4	estate and I am a miner. I own gold mines and silver mines but I study the
1:10.5	subject. Do I recommend you invest in what I invest? No. But you should
1:14.9	know what you should know. So a very special friend, long-time guest here,
1:18.6	Bert Domen. He's going to be talking about AI, artificial intelligence. So it's going to be bigger than
1:26.4	the internet and all this other stuff. I hear all of this. But as my friends know, I know
1:31.4	nothing about technology.
	...

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