We are Birthing a New Species that isn't Alive (yet!)...how do we prepare?
Message from Tom and Nick
OK wow, on the weekend we explored the Beaver Valley area of Ontario.
Jeez, it’s beautiful. Rolling hills, beautiful farms, modern new estate houses and a wonderful (but tiny) little downtown with some of the best sourdough, brisket sandwiches, and espresso we’ve ever had!
Who knew!
We’re still learning all that Ontario has to discover apparently! LOL
That picture is from a random market held on a farm we passed while driving back to the Collingwood area.
This time of year in Canada is our absolute favourite. End of August until about Halloween is just amazing.
September this year was a bit of a letdown, but we’re willing to give mother nature a pass this year.
Looking out over the rolling hills gives you such a wonderful perspective.
And I think that’s a good place to spend some time.
The next few years will require a lot of perspective.
Perspective on yourself, your life’s journey, your career, your family…everything.
This is not hyperbole.
Very few people are paying attention to the speed at which technology and artificial super intelligence is growing.
Over the next three years, we’re going to see a dramatic change in how people view all of this.
As robotics enter the world with super intelligence embedded in them, we’re essentially birthing a new species that will walk the planet.
Not a conscious species (yet!) but definitely a new type of “thing” that will appear very, very alive.
Humankind has been through big changes before, obviously; it’s the speed at which this change is happening that is going to cause some initial chaos.
Here are two ideas to begin pondering right now…
First, our best guess is that income generated by most types of human labour, cognitive or physical, will likely become increasingly difficult to generate as many of these roles are replaced between today and 2035.
Many types of opportunities will exist for humans but not in the roles that exist today.
And as always, with any great change, those who pay attention to what is happening will ride the trends well and find abundant opportunity.
Those who ignore the trends, fight the increase in artificial super intelligence and robotic deployment, will fall behind economically (unfortunately).
This is a tale as old as time.
Look at the U.S. Midwest as manufacturing left America for China.
Look at the absolute explosion of the finance industry over the last 50 years.
Look at people who embraced I.T. and computer skills in the late 1990s versus those who did not.
Many jobs remained, but the jobs that rode the trends of the era really benefitted first and most.
In a world of incoming abundance, income generated by human effort will be more and more difficult to create.
Your role now, as we see it, is to accumulate as many scarce assets as you possibly can.
Scarce assets will appreciate in real terms so strongly that their increase in value will become your new income source.
This is obviously just our opinion…but we feel strongly about it.
Second, the world will become much more centralized, and banking, government handouts, and nation-state economic activity will need to be “controlled” by the powers-that-be much more tightly.
In a world of abundance and expanding technology, central planners will find it increasingly difficult to appease their population and will implement strict controls in an attempt to maintain their authority.
This isn’t necessarily a bad thing.
It’s the logical outcome of our current system in the face of an economy that is morphing into something brand new at warp speed (yes, the next 10 years is warp speed for slow moving central planners).
So you want to set yourself up financially and mentally prepare for all this right now.
We’re going to do our best to share our approaches to life over the next few weeks and months in an attempt to, hopefully, give you some practical ways to navigate this economic transition.
Books we’re reading, data we’re tracking, thinking we’re using, etc.
With that, over the next 3 weeks we have multiple things to share:
1. On Saturday, November 14, we have an educational tour of one type of scarce asset. Single family homes. The unicorn of income producing real estate. Single family homes on proper lots present a ton of opportunity to run them “as is” or develop them into 3, 4, 5 or even 6-plexes.
If you want to come out and learn what we’re looking at here are the details and how to register:
2. Next week we have a big announcement for something we’re changing and doing ourselves. Stay tuned to next Thursday’s email for that.
3. On November 18 we’re going to host a live webinar on a complete life system we’re using to navigate this economic transition period. Mark your calendars now for Wednesday, November 18 at 7pm, save the date…we’ll share more soon as well as a link to register for that.
That’s it for this week, everyone!
Enjoy the Fall colours out there, what a beautiful time of year!!
See ya next week,
Tom & Nick
p.s. Look, the Leafs have lost a couple of games now but we all know we are brewing something special this year. Stay strong Leafs fans!!
p.p.s. Happy Halloween everyone!!
