Speaker 1: Welcome to another episode of the Chicks on the Right podcast,
where we talked to our friend and sponsored the show,
Zach Abraham from Bulwart Capital Management, and today Dason and
I have been kind of on like this AI kick
on our regular morning show. We've been talking a lot
about it lately and how it's basically going to be
the end of the world as we know it at
some point.
Speaker 2: I truly believe that, I really believe it's going to
be the end of word of civilization.
Speaker 3: Yeah, but there are some handy things about some of
it some of the time. One of the well, yeah,
because you remember when I looked up the results of
my MRI, which we're in like med speak, and I
couldn't understand a word of it, and then I put
it into AI and it translated it into Layman's terms
and it was really super helpful. So for stuff like
examples like that, Okay, fine, And now it turns out
there was I Guess, a viral Reddit post that talked
about how a family uses chat GPT to analyze their
spending in their like for their household budget, and then
I guess they can, you know, put in all of
their expenses in a month and then chat GPT gives
them a little analysis that says you're spending too much
on groceries, or you're spending too much on whatever. And
so the question for you, because you are a financial expert,
would you trust chat GPT to analyze your family budget?
Speaker 2: Why or why not?
Speaker 4: Well, it's funny you should ask, because I was decidedly
more pro chat GPT until this Friday where my wife
and I, my wonderful wife and I had one of
those classic, like I don't want to make it too
dramatic because it really wasn't, but one of those classic
kind of like back and forth kind of TIFFs over
text message.
Speaker 5: You know, we weren't on the same page.
Speaker 2: Uh huh.
Speaker 5: And she decided, and I think unfairly, to take all
of our.
Speaker 4: Text messages and process them through chad GPT and provided
me proof, according to chad GPT, that I was being
a bit disrespectful and what was the other term, that
I was being disingenuous?
Speaker 5: Comments.
Speaker 2: Wait, so the robot said this, The robot told you
that this was the case. Is that what happened?
Speaker 4: She asked it like in the in trying to prove
her points, she asked, if you were a therapist, how
would you record this?
Speaker 5: Now? One of the things that frustrated me is, in
my opinion, the text messages that were selected were extraordinarily biased, So.
Speaker 4: There was not a good There was not a good
there was not a good sample size.
Speaker 2: There's no nuance in text messages. Like you could just
be like okay, like that's how you like. That's how
my husband answers me all the time, like this long
drawn out question to be like okay.
Speaker 5: Yeah, or sometimes I just respond with the thumbs up.
But that makes me.
Speaker 2: Like man and communicate very differently.
Speaker 5: Yeah.
Speaker 4: So anyway, I I was, I sat there and got
that text for my wife and I was like, oh man,
now chat GPT is getting in on it.
Speaker 5: Yeah, but no is is this stuff helpful? Absolutely?
Speaker 4: I mean I know for a fact that can help
out with people's personal finances because we're using it here
more so a program called Perplexity, which we actually like
better than Chat GPT, but we're using it on our you.
Speaker 5: Know, it's helping us a lot on our.
Speaker 4: Perplexity is another AI that was launched, another l M that,
in my opinion and in many different ways, is further
along in its applications as they apply to everyday life.
Speaker 5: So my head of research has it.
Speaker 4: He was telling me the other day he was driving
into work and he asked, perplexity, hey teach me about the.
Speaker 5: Spanish Civil War.
Speaker 4: And he goes over the next thirty minutes, I got
this audible lesson on the Spanish Civil War.
Speaker 2: On that that is kind of handy.
Speaker 5: That's it's it's really neat.
Speaker 4: But to get to your point, and I don't want
to go too far down the wonkish like nerdy physics
side of things.
Speaker 5: But what is interesting to me when you.
Speaker 4: Look at the world today is how many things you
see at turning points. Meaning what you're effectively watching in
the world today is you're watching the world order as
we've all come to know it post World War Two.
You're watching that unravel. At the same time, you're watching
a whole new age that is called AI emerge, right,
you're also watching a whole new paradigm where those and
this to me is not conspiratorial. I think if you
look around the world, that's very hard to argue. But
a large swath of those in power would like state
sovereignty as we've known in our entire lives to be
something decidedly different, right, which is you know, if you
look at like the mass immigration into so many of
these countries in a way that when you look at it,
you know, the way that they keep these conversations quelled.
Is anybody that says anything about mass immigration is of
course a racist. But when you immigrate that many people
into a country like Ireland that fast, there's there's no
way you don't do that without destroying the historical culture
of that society, right.
Speaker 5: So.
Speaker 4: And so, watching all of these things come to the fore,
including the United States no longer being a single polar power, right,
kind of splitting that up with China, there is reason
to be very concerned about AI. I think it's kind
of crazy not to be and if we've learned anything
from human beings, we'll probably run into this, probably too recklessly.
And you know, it's kind of one of those things
we're just it's kind of like a star trek, right.
It's a brave new world, which we don't we don't
really know the implications of it.
Speaker 5: And one of the things that concerns me.
Speaker 4: About it is that you have all of these people
that have grown up in the relative calm that has
been post World War two, and so all of these
things are happening at a time where I think that
the human beings have kind of lolled themselves, right, really
bad I mean look bad things, but I mean globally
bad things. When we look at history, globally bad things
have been widely averted for the last eighty years, right,
And if you look back through history, that's an anomaly, right,
it's not the norm.
Speaker 6: Yeah, I mean, and I think you're yeah, and I
think you're still you see in the groundwork for it, right,
I mean, you know it's it's pretty wild. I mean,
you know, go look at you know, it's just some
pretty wild stuff if you go look at now. I
know we've been there before with Japan, but not on
the same scale. Like for a good idea of what
you're up against, you should go look at this car
that byd is Chinese or is it Jaomi? One of
the Chinese manufacturers just put out this electric vehicle that
they're charging thirty five thousand dollars for.
Speaker 5: There's nothing we have here to compete with it.
Speaker 2: So now it's so true, I know what you're talking about.
My husband showed that to me about a week ago,
and I was like, oh my god, like it's amazing,
and you're right, we can't compete with that, not right now.
Speaker 4: And not with the systems that we have in place.
And what I'm hoping, what I'm hoping is that AI
will assist us in waking up.
Speaker 5: So for instance, when I say waking up, what is it?
Speaker 4: We have an existential threat to the US domestic automobile
manufacturing uh complex. If they don't get it together, and
if they don't do it really quick, I think you
could potentially see the US automobile manufacturing industry effectively dead
in the water within five years.
Speaker 2: Totally agree with you on that, absolutely hundred percent. Yeah.
Why because our cars, Our cars suck here and like
the ones like that what he's talking about, like that
one that in China that I'll have to find a link,
We'll have to share it with our people. It's it is, Yeah,
it's not your day.
Speaker 5: Yeah, five grand, You're getting almost six hundred miles of
range on a single charge. Right, it's got three hundred
and twenty horse power.
Speaker 2: And the technology inside of it is unbelievable. It's like
all I care about.
Speaker 1: I just want to be super comfortable.
Speaker 2: Oh, she's gonna she'd be so comfortable, like it basically
wipes your butt. I mean, it's unbelievable. You know.
Speaker 5: I think that I actually believe that they have a
bi day.
Speaker 2: Add on, I think there may be a be day
in there. There may be. I have a have a
question for you both. I know this is like I'm
just okay, just speaking of AI. I'm gonna quiz you
both and just see if you can answer me correctly.
All Right, you're a financial advisor. Mock is a podcaster. Okay,
she's not a financial advisor, but she knows a lot
about saving money, Okay, because she's way better at it
than I ever have been, because she's been saving since
she was like three years old. Okay. Squirrel, Okay, she
is like a squirrel. I looked at Chat GPT, Do
Not Cheat. I looked at chatt Chat GBT okay, and
I asked, what is the thing that people waste money
on the most that keeps them from saving? Tell me
what you think that thing is. I want to know
what you think. What do you think it is that?
Speaker 5: What do you think?
Speaker 7: I was just gonna say that because that's what we
spend tons of money on.
Speaker 3: Yes, you guys are right, Yeah, I mean it's about myself.
Speaker 2: Oh my god, it's it's regular dining at restaurants, coffee
shops and ordering delivery adds up fast. It's convenient, but
it costs significantly more than home cooking. That is what
it is. That's the number one, and the number two
is unused subscriptions, which I okay. And then number three
is just like impulse purchases. That's it. I thought it
would be something like cars or something like that. Nope,
this is why I'm a dumbass.
Speaker 5: This is why see okay. But here's a tough part.
It's all about how we clarify, right.
Speaker 4: So we could sit there and be like, yeah, the
craziest amount that this family spends is this amount per
month on meals and everything like that. But because the
payments are within the normal rounds, right, I might look
at it and say they're spending two thousand dollars a
month on car payments. That isn't ridiculous either. Where I
sat there and look at it as I go look,
and this involves some nuance here. But when we're having
discussions about what is good and what is right.
Speaker 5: As far as your personal budget goes.
Speaker 4: Unfortunately, a lot of it has to do in relationship
to your income.
Speaker 2: Right.
Speaker 4: So if I'm sitting there dealing with a surgeon, let's
say that makes you know, eight hundred thousand dollars a year,
and he's a client of mine. Am I concerned because
he got beneficial interest rates? Am I concerned that he
has twenty five hundred dollars a car payments a month.
Speaker 5: No.
Speaker 4: Now, as a friend and advisor, I'd probably tell him, Hey,
is there a reason why you're doing that? Because why
not just roll you know, you know, no debt and
all that kind of stuff. But if he's sitting there
and he's telling me, look, Zach, I've got the amount
that I was going to pay cash on those cars,
sitting in these accounts earning interest.
Speaker 5: I'm using that to help me pay down the debt faster.
Speaker 4: You know.
Speaker 5: That's that's one thing, But most people don't do that.
Speaker 4: The biggest issue that we see, quite honestly, is, you know,
would people be better off not ordering out?
Speaker 5: Yes?
Speaker 4: Of course, right, ordering out as much coffee. We've talked
about that. Yeah, yeah, And that's such an easy one
to break too.
Speaker 2: Is it easy to break Zach. I mean, it's like Heroin.
At this point, I go, I.
Speaker 4: Go to start.
Speaker 5: I'm a coffee guy.
Speaker 4: I've got to have my two cups coffee before my
brain even I go to I probably go to Starbucks
maybe like six times a year.
Speaker 2: Oh my god.
Speaker 5: I make it a home. But a guy that still
cuts his own hair too.
Speaker 6: Do that.
Speaker 2: When I was broken, is it a floy We need
to know it's a float It's not a floby.
Speaker 5: I wish it.
Speaker 4: This is like legitimate, like hair clippers in the mirror.
Speaker 2: You know we're going to get for Christmas. We're getting
you a Flowby for Christmas?
Speaker 5: I mean, are you?
Speaker 4: I mean, actually I had a buddy in high school
who's who had a Flowby and we're.
Speaker 2: Gonna be dazzle it. We're bedazzling a Floby and we're
sending it this question.
Speaker 4: That can't as long as you both sign it. If
I get a be dazzled with floby that's signed by
both of you.
Speaker 5: I mean I might just hang it up. When I
was like, hey, this is I've reached my zenith. It's
all downhill from here.
Speaker 7: Now was like the most off the rails conversation ever I.
Speaker 5: Would try and just figure out how to fit Andrew
Tait in there somewhere.
Speaker 7: That's because we were talking about him off and what
we were for another day.
Speaker 2: We need to talk about him for sure with you.
We're going to do that. Maybe next week we'll talk
about Andrew Will.
Speaker 5: Yeah, I'm a huge fan. I'm a huge fan.
Speaker 2: We know you are.
Speaker 5: We know. Yeah, I've got a daughter, So no, I'm.
Speaker 2: Not exactly exactly.
Speaker 7: So I know that you are doing one of your
famous webinars coming up soon. Do you want to tell
people how they can register for sept for your webinars
and how they can find you online?
Speaker 4: And this is basically our whole thing is I love
to just kind of put.
Speaker 5: Out who we are, what we do, how we do it.
Speaker 4: Not a big sales push, but give people an insight
into into those things. Who we are, how we do,
and how we do it, and kind of gives them
a trial rum. If they're interested, then they can schedule
a conversation with me or one of our other advisors.
If not, hopefully they leave more more educated, more informed.
So yeah, go to our website Bulletcapitalmanagement dot com, sign
up a prompt to come up and you'll get sent
a log in email that'll give you access to that
webinar on Thursday. And yeah, it's pretty simple stuff and
hopefully folks will log on and learn something awesome.
Speaker 7: Well, thank you Zach as always Zach.
Speaker 5: All right, ladies, stay away from edre to Tate and
I'll see you soon.
Speaker 2: Okay, okay.
Speaker 4: Investment advisory services offered through Track Financial LLC and SEC
registered investment advisor. Investments involve risk and or not guarantee
past performance, doesn't guarantee future resilt Trek twenty four or
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