How to Invest in ChatGPT and Artificial Intelligence (AI)
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 5 April 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Discover how to invest in ChatGPT and Artificial Intelligence (AI). I also share why this isn't an area I will be investing in, yet, and why.
Are you on track for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.
If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1,176. |
| 0:04.0 | I'm gonna live the rich life. |
| 0:08.0 | Buell that's life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:14.6 | yeah I'm full of bed I'm gonna live I'm gonna live the good life |
| 0:21.6 | beautiful and glorious Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:35.0 | And now here's your host, Linda P. Jones. |
| 0:38.8 | Welcome to Be Wealthy and Smart. |
| 0:40.4 | I'm Linda P. Jones, America's Wealth Mentor. Empowering Women and Men Worldwide to Financial Freedom. On today's show we're going to talk about how do you invest in chat gPT I was asked this question a little while ago and I wanted to get to it but I just haven't done it yet |
| 0:55.7 | But last night I was having dinner with some friends from Seattle and one of them works for a large tech firm there |
| 1:01.2 | So we got in the conversation of talking about AI, which is of course artificial |
| 1:06.3 | intelligence. Some of our conversation was around potential dangers of AI, and part of it was about the technology itself and what |
| 1:16.2 | kinds of things it's working on so I wanted to share some of these things with you and |
| 1:20.2 | tell you why AI is not a particular investment area that I'm that excited about right now, |
| 1:27.2 | but if you are, I'll tell you exactly where the investment opportunities are and aren't. |
| 1:33.8 | So when ChatGPT became known, apparently it was the fastest adoption of technology ever in history, where millions of people basically rush to work with it. |
| 1:47.5 | And others look to invest in it. |
| 1:50.7 | But one of the reasons why I didn't rush to invest in it is because of my overall |
| 1:55.6 | investment philosophy which is I want to invest in places that are very |
| 2:00.6 | profitable or have high compounding rates. |
| 2:05.2 | The profitability piece of this is very important because you need to make sure that something |
| 2:10.9 | is going to make a lot of money, that's what makes the stock price go up. |
... |
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