← Financial Tea with Mrs. Dow Jones
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A
Okay, every single summer I go to Greece. It's like my favorite thing in the world. And I'm trying to plan my July trip right now, but travel is crazy right now and you guys, like, we have to be strategic about how we book it. So Monarch is the personal finance app that tracks everything, accounts, investments, saving goals and spending. And you can get your first year of Monarch for half off just $50 with promo code Financial T. And Monarch is basically like having a financial advisor in your pocket. And I'm a very vis person, so Monarch is so good for me. They have diagrams and visualizations that make it easy to see patterns and detect spending associated with the dreaded lifestyle creep. They also help identify financial goals for you, which is huge because sometimes the problem is just like not knowing where to begin. And you can ask Monarch's AI assistant anything about your finances, like how much did I spend on travel last summer? Can I afford this vacation without touching my savings? And another cool feature is that you can split the check without the headache. With Monarch's bill split, you literally just scan the receipt. Everyone claims what they got and then settles up without a separate app needed. So use code financialteaonarch.com to get your first year half off at just $50. That's 50% off your first year at monarch.com with code financialtea.
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A
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A
This is Financial T. Welcome back to Financial T. This is a podcast where I teach you how to build wealth with a side of market drama, money scandals and of course financial pop culture. And today we have a guest that I have been dying to have on the show and I've been getting so many requests about. She used to work at Amazon and IBM and now is the number one most followed voice in AI business. Allie Miller is here. She's been on time 100 most influential in AI and best of all has a ton of free AI courses that I will link in the description. If you want to Level up your game there. We obviously all need to learn how to use AI. We need to adapt. So this is going to be so helpful. Allie, welcome to the Financial T podcast.
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B
Thank you. I feel like I have to talk in like a low ASMR voice, but thank you for having me.
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A
But first, let's get into the MDJ market report. Our first story is about Apple Martin and the great wealth transfer. Yes, Gwyneth's daughter. That's who we're going to be talking about first today. I mean this girl really hit the genetic lottery and her brother Moses too. I just saw he's in a Burberry ad campaign. The kid is gorgeous. But not only that, they have the richest, hottest parents. Like the mother obviously gets paid $10 million. A movie runs Goop, which is worth $433 million. The dad is worth like 200 million. He sold over $100 million with Coldplay. Like that almost makes up for them being named Apple. Those are crazy names. And you know, let's be real, like they are definitely trying to work. I mean I feel like they like model and stuff like that, but I don't really see them ever making as much money as their parents. And but they're going to live really good lives because they're going to inherit a lot of money. And what's crazy is that is not just for Nepo babies. Like we are currently living through the largest wealth transfer in human history. So it's not just these like rich kids. It is, you know, $124 trillion over the next two decades are going to be passed down to younger generations. And I know if you're not on the Apple Martin branch of the economy, this feels really shitty. And I get it. I think that it highlights this rise of a K shaped economy where like the middle class sort of is ceasing to exist and you're either like super rich or you're in that bottom branch of the K and you have regular wages and you're hard work, you're hardworking and you're trying to keep things going and you can't figure out really how to. And so it is sort of this new version of the American dream because it used to be that you could have a good job and that was what you needed to build security. But now a lot of that financial freedom is just being driven by. Yeah like what your parents or family leaves you. So I don't know, I just feel like I wanted to talk about this story cuz we all hear about the great wealth transfer so much. And I was looking at it from the perspective of, like, if you are someone who just feels like you're on that hedonic treadmill of, like, trying to build wealth, you feel like you're going crazy. You see your friends, maybe they, like, own an apartment or they're on a crazy Euro trip this summer, and you're like, how the hell do they afford that? Like, how is anyone affording anything? Know that? Like, it's likely not their money. It's likely money that they're getting from their family. And I think that it's valuable to have a reality check about how the system works today. And also, like, that's why I wrote Future Rich Person, because despite the fact that there are all these hardships happening, there still are a lot of ways to build wealth and get ahead in today's world. I've got all the strategies, baby. Okay, Our next story is about Du Lipa and Callum Turner's Italian honeymoon. Everyone is talking about it. It's all over the Internet. It looked amazing. But the other thing I've been seeing all over my feed that's really come across my desk a lot is Jacob Elordi and Kendall Jenner's whirlwind romance. They are everywhere, you guys. They have been trotting across the globe. They've been in Tokyo, they've been Hawaii, they've been in Santa Barbara. They were just in Australia. And they are just gallivanting around the world doing whatever the fuck they want because guess what? They control their time. Like, in 2026, this is honestly the biggest flex. I saw a picture of Jacob and Kendall at the airport, and he had this, like, huge Bottega bag, and she had this huge robe bag. And I feel like old me would have been jealous of their designer goods the same way. Like, you know, I would have seen Du Lipa's Chanel sunglasses. But now, like, I just don't really feel like designer labels are that cool anymore. Like, they're not status symbols as much just because anyone can buy a dupe. So what I find myself actually really being jealous of. And I wonder if you relate to this is just their calendars. Like, I feel like now the highest form of luxury isn't stuff, it's just freedom. Like, the new American dream isn't a bigger house. It's not more cars. It's not a certain amount of kids. It's just owning your own time. And it's interesting because I was researching this and I found so much data that backed it up. Like, the Average American gets just 11 days of paid vacation a year, and nearly half of workers don't even use all of it because they're afraid of looking replaceable. And honestly, people are over it. In March, Americans satisfaction with their pay and opportunities for advancement fell to its lowest level in more than a decade. So more and more people just feel like the traditional nine to five is a complete dead end, so they're looking for another way. Nearly 40% of Americans. This made my jaw drop. Now do some sort of freelance or contract or independent work. And I just feel like everyone sort of wants passive income and to be in control of their own businesses. Because we want what Dua and Callum and Kendall and Jacob have, which is like the ability to disappear for three weeks and not ask anyone permission. I was thinking about this, and it's like, obviously we all want that. Like, we want to live that Du Lipa Italian life. But here's the thing. Nobody wakes up with time, freedom, like, even Du Lipa and Kendall and Jacob and Calum, they had to build it. Waking up every day and trying to work towards that. So just remember that, like, these small steps of investing so that you're getting dividends, you have a passive income, or you're starting that side hustle, or you're negotiating for that raise, all of those count, and you can build towards this one piece of ownership at a time, but it's not going to happen overnight. And I will say that, yeah, I really think in 2026, that the real leverage and what we're all searching for, it's owning things that make money even when we're not working. Like having investments, having a business, having intellectual property, having multiple income streams. Because the goal isn't to never work again. The goal is to, like, have enough leverage that you get to decide when, where, and how you work. Like, I guarantee you do is taking zooms while she's, like, trotting. And Kendall's probably, like, doing whatever the hell she does for Tequila line, and Jacob's practicing lines for his next movie. But, you know, they can do it wherever they want. And remember, you can buy the fake Bottega, but you cannot buy a random Tuesday afternoon with your hot new boyfriend in Japan. So I think that is the luxury that everyone is actually chasing. And I just think that we need to stop trying to copy these people's outfits and start building enough ownership in our own lives that one day we can disappear with Jacob Elordi on a random Tuesday 2 in Japan, which is really all that I want to do. And our last story. We are about to start the interview, but I really wanted to include this as the finale of our market report because there has been a fake AI job apocalypse. I have good news, you guys. Humans are still very necessary. I got all this new data this week that shows tech hiring is actually up this year. Hardware engineering jobs are up more than 50% and overall tech job postings have increased nearly 14%. So I will just say it turns out that replacing humans is way harder than they thought. And this doesn't mean that the job market is easy by any means. Like, applicants per job have surged, recent grads are facing some of the toughest competition. But I will just say that this whole idea that the robots are going to take all the jobs, it seems like it's probably wrong. And I just want to flag that. And what seems to be happening more is that AI is creating jobs and definitely changing jobs and making some skills more valuable and others less valuable. And what we're seeing is that the people winning right now, now aren't the ones hiding from AI or really worshiping it. It's just the ones who are learning how to use it and aren't scared of it. And that is why today's episode exists. It's not because I think that a robot is coming for your job tomorrow morning, but it's really because the person who knows how to use AI might. So get ready for the AI masterclass that's going to change everything with Alli Kate Miller. And by the way, if you are enjoying the podcast, be sure to subscribe if you're watching on YouTube and also if you're enjoying the financial tea, be sure to leave us a review. It helps the show so much. And yeah, if you're listening on YouTube, make sure that you subscribe. Stay rich. I just want to say, like my goal of this interview, this is the first time we've like had an AI expert on here. You're obviously the number one. And so the goal is for people to get to know you, obviously. Cuz you're amazing and you're doing such great work. But it's also to get really actionable advice on how to use AI to make more money, to manage their money and also to make their lives simpler. And I feel like you're really good at all of that. So I'm excited that you're here and I have a lot of questions and I feel like I am patient zero too because like I need all the help as well.
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B
I'm, I'm excited to also Help you?
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A
Can we just talk a little bit about who you are, what it is that you do? You have this really interesting career path. Like, how did you get into this?
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B
So I started in AI almost 20 years ago and have been working in it every single day for the last decade. I worked at IBM, Watson, I worked at AWS for four years. And when I was at AWS, I was global head of AI for startups and venture capital. And over the next two years, worked with all the top AI startups left almost exactly four years ago to start my own company. And then ChatGPT came out, and I literally got on a zoom call with my co founder. We lit our business plan on fire, and I pivoted into advising in the next 48 hours because I had so many of my old clients reaching out. And so now I advise Fortune 500 companies across pharmaceuticals and airlines and telco and large insurance companies and banks, and
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A
you help us all on social media.
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B
That is just a fun thing that I do at 2:00am yeah. That is such an important part of all this that there is a widening gap between the people who are working at the AI labs or engineers or people who live in Silicon Valley and the rest of us. And I see the gap widening. It gives me acid reflux every day. So every single video that I'm posting, I'm like, ooh, we're one step closer to closing it. It.
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A
I love that. I feel the same way with finance. I feel like there's like, a lot of similarity in what we do. So you mentioned that you've been working in this for 20 years. How did you learn AI and how do you continue to learn AI? Because I feel like it's changing every five minutes. And for someone listening who, you know, hasn't even taken the first step, that I think that makes it feel intimidating.
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B
So 20 years ago, it was kind of easy to stay, like, quote, unquote, up to date on AI, because it wasn't this crazy fire hose of news. And so I started doing machine learning research in college. And I know that sounds technical or scary, but really I was studying, like, the math of human language, and I was trying to figure out if there was a way to code, to figure out if someone's email was flirty or not. And, like, that was crazy natural language understanding. But, like, at its core, I was a curious college student who was just like, I wonder if this is provable.
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A
And I wonder if he likes me. Sure.
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B
Yeah. Yeah. And then the report went completely viral on campus.
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A
Wow.
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B
So that was the beginning. Now, if I'm telling people to start, it's. It's kind of similar advice, which is like, pick a space that you care about and. And maybe that's flirting or maybe that's just like your personal finances. I would heavily suggest using an agent platform like Codex or Claude Code or Claude cowork and not ChatGPT or Claude Chat, because we're in a completely different world of what these systems can actually do, what capabilities they have. I'm happy to give examples, but going into one of those systems and you can connect it into tools, you can just leave it as is and start figuring out ways of actually delegating real tasks to it. But so much of learning, eventually it comes down to whether or not you're opening your computer and using this stuff 100%.
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A
I think that's so true. Okay, speaking of these agents, I feel like I always see you on Instagram talking in your phone to your agents, like, going on these walks, like, can you explain what an agent is? Because, like, I feel like AI101 is just. You have the little chat and you're asking it something, and then it's like, the agent is like, no, you're making it do things for you. So teach us how to make it do things. What is it?
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B
You explained it beautifully. So 2023, when all of us were just using ChatGPT and Claude, that was the traditional single chat thread. It looked kind of like an inbox. You're asking it a question, it comes back to you. It could kind of browse the Internet. 2024, it becomes multimodal. We can, like, get images, we can start to get video. 2025, we start to get things called AI agents. And again, I think you described it beautifully, which is just like, it's an AI system that does stuff for you. So it can connect into tools, it can connect into Slack or Salesforce or Notion, Gmail, Google Calendar, all of those. It can take action in those tools or grab from those tools. And I might use it to, you know, summari all the recent emails that I've gotten in the last week. I might have it pull every single email that I've had with, you know, Coca Cola or whatever client and have it summarize everything. I could also say, look through all of my emails and my calendar and my Apple Watch data and build me a forecasting model that tells me which client is stressing me out the most and an entire action plan around it and craft an email to. To send to them to, like, reset the. The relationship and find me five new hires that bring onto my team that would be a better client relationship expert than whoever.
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A
So smart. So then, okay, so you do that. You. And then what is this whole deal of like getting the agent to know you like, when you're talking to it? Are you like, hey, I'm Allie, like I'm a cancer, Like, I like Doritos, like, what is the vibe like? For sure.
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B
I love that context, Doc. So the two things that play a role in this is context and memory. And so essentially like, my AI agent should respond differently to me than your AI agent responds to you. Yeah. Part of that is our preference for how the AI should speak to us. And that is something called the system instruction. And really you're just telling your AI Claude Chatgpt, whatever you're saying, hey, I hate emojis or hey, I only like really short sentences, just give me the meat or stop caveating everything. Or why are you always agreeing with me? Be mean to me. Pretend like you're this like blunt financial advisor, whatever. The thing is. And so that's system instructions, that's behavior. That's like a little employee handbook. And then on context, that is me telling it about me, my business. What types of financial decisions do I make? Am I a really high risk person? Am I a low risk person? What are my interests? What's my background? And so I have, as one example, I have a 515 line document. All these things are literally just text files. I have a 515 line document that just describes my business.
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Yeah.
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B
And I don't want to have to waste my time prompting. Prompting in multiple paragraphs because that's actually not how we prompt AI anymore. That's how you would prompt it in 2023. It's not how you do it in 2026. And then memory is after you have an experience with an AI agent, if you say something like summarize my calendar and it does it wrong or it does it in a way that you don't want and you give it feedback. It's saving that feedback. It's building up a memory file or several files about you. So it is. I would heavily encourage people to constantly be giving feedback to your AI and not to the person next to you going, oh, this AI can't. This AI keeps screwing up the spreadsheet. Tell the AI because these systems now have memory built in. So the ability to have that personalized experience through system instruction and context and memory, literally talk to your AI system and go, hey, I want to Build an AI agent. I want to, you know, bring my family together. I want to pay off this loan. Yeah, right. Giving it that goal. And then say, interview me. And again, interview me.
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A
That's a really good tip.
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B
And then it will manage its own context and memory and all that.
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A
And so that should. Each of those queries should be its own agent. So I should have, like, a debt payoff agent. I should have a, like, friend retreat agent. But it's not just all one agent.
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B
If you were going to set up AI agents today, the way that I might think about it is having one sort of like, lead agent. And so for me, it's this guy, you know, big air quotes named Simon. He's my AI Chief of staff. And then underneath Simon, I have six different directors that are all named after the friends, and they're just different areas of my business. So I have one that's clients. I have one that's education. Phoebe is this, like, weird, crazy hippie dreamer in the corner that is just, like, constantly thinking of new ideas. So all of this, again, I can make it sound really technical, or I can just tell you to open up a blank window and say, hey, every time I complete a task, I just want another agent to review that task and make it awesomer. Right? Make it ten times more creative. Ten times more risk mitigated. Give me five times the number of ideas. Tell me how these eight Personas might react to it.
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A
Right.
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B
Tell me three ways that I'm not thinking about how this could go wrong. And so just having this, like, extra little AI watchdog. Anyways, to answer your question about how many AI agents and what orientation, start with one. And once you're kind of like, ooh, I really want this specialized little buddy, spin up another one. And then once you need another one, spin up another one. It's like a constant iteration process.
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A
And will you teach us how to make an AI boyfriend?
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B
Not recommended. You can do it, but I don't think I'll ever teach that course.
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A
That's a crazy course. Did you know that three out of four US Homes have toxic chemicals in their tap water? And what's crazier is that even though contaminated water looks clear, it could put you at risk for crazy health concerns like fatigue and hormone disruption and cognitive decline. I mean, even cancer. So that's why I want to talk to you about Aqua Tru. It is this countertop water purifier, and it has been tested and certified to remove 84 contaminants, including forever chemicals and microplastics it has this patented four stage reverse osmosis system that goes way beyond ordinary filters. Aquatrue has been featured in Business Insider and Popular Science. So go to aquatrue.com now for 20% off your purifier using code financial tea and aqua true. Even comes with a 30 day best tasting water guarantee. That's aquatrue.com a Q U a T R U.com promo code. F I N A N N C I A L T E A Starting something new isn't just hard, it is terrifying. Trust me, I know when I started my business I was not sure what I was doing. And now I know that it was right to believe in myself despite like all of those fears and hesitations. But I have to say it also helps when you have a partner like Shopify on your side to help so accelerate your efficiency. Whether you are uploading new products or trying to improve existing, lots of Shopify is packed with helpful AI tools that write product descriptions, page headlines and even enhance your product photography. So get the word out like you have a marketing team behind you. Easily create email and social media campaigns wherever your customers are scrolling or strolling. And best yet, Shopify is your commerce expert with world class expertise in everything from managing inventory to international shipping to processing returns and beyond beyond. It's time to turn those what ifs into with Shopify today. Sign up for your $1 per month trial today at shopify.com financial tea. Go to shopify.comfinancialtea that's shopify.com financialtea okay Ali, I saw this statistic recently that women's jobs are three times more likely to be automated, yet women are currently using AI 25 less than men. Which like honestly reminds me of the investing gap too where it's just like okay, we gotta catch up. So I'm wondering like, do you think this is the birth of a new gender wage gap? And what's your advice to women who are sitting the AI wave out?
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B
There's a lot of nuance here right on the advice that I would give. The first thing that I want to remind every single person listening whether you are a woman or not is how much agency you have. And I think this also relates to the shift of just labor and capital and that every single time there is a technological revolution, the money is going toward the capital owners. And a lot of that has been can you afford this massive machinery or this massive, you know, facility? And it's required so much money to get over that hump and to have that capex to Be able to start something. The fact that AI subscriptions, and maybe they're a little subsidized right now, but the fact that you can have access to the most powerful models for 20 bucks a month and you like, yes, you have access to it at the free level, but if you're like really trying to do stuff, $20, that is insane. Like, I, I don't think I've ever, ever seen a revolution that looks like what we're going through right now. Mobile development, you had to be an engineer. Internet, you had to be a web developer, anything. In the industrial age, you had to be able to build a massive facility and hire hundreds of. There has never been as much agency as individuals have right now. And so again, for that feels like they've been counted out for the last several decades or that they are in the 50% of people that have been left behind time and time again. Like, this is kind of the time to turn away from systems that have existed and to say, I'm going to do this on my own and grab a couple friends and join a course or a program, or just do this on your own and say, I got to figure it out, right? Like, this is when the playbooks are being rewritten. It has never been more affordable to move that agency toward wealth creation. And so most people that I've seen, if they're really, really on their own and they dedicate a few weeks to this, they can catch up and be in the top 10% of AI users.
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A
That's so cool. So let's get tactical. I've been saying a lot, you know, AI is not going to take the jobs as much as it's going to create jobs for the people who really know how to use it. So if someone wanted to start using AI at work tomorrow to really perform better and start making more money, obviously this is dependent on industry. But are there, you know, three first things that they should do?
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B
So I. The. Okay, the majority of advice that is out there is still very antiquated and still very 2023, 2024. So the advice that I'm going to give is 2026 AI advice.
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A
We love it.
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B
Here we go. So the average person is going to tell you that if you open up one of these systems that you should start with ChatGPT or Claude or Gemini, and you should do like a work audit and you should look at all tasks you do and you should break it up into small pieces and then look at it and say, how can AI help with this little tiny piece of it and so if I, you know, every single week am sending you a recap of my work or something, clearly part of that is me looking at the work I've done and then summarizing it and writing it and sending you the email. And people will say, ah, I made AI write the email for me. I'm an amazing AI super user. Give me a raise. And that is 2023, 2026. I would move away from this like tiny task view and I would instead go backwards, work backwards from a goal. And the, the two biggest features that I'd be looking at right now are slash goal and slash loop. And I'll explain those too.
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A
Okay.
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B
So again, 2023, 2024, you would kind of think about this tiny little thing and you would say, AI, please help me write the email. And it would do it. But what I was actually doing was updating you. Right. That was the entire goal of those five steps. You agree?
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A
Yeah. Was, yeah. Getting the agent to understand what you're doing.
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B
Exactly.
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A
Yeah.
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B
So the overall goal of that task was updating you. And really the overall goal of that task was like reducing your stress about what I was working on. And really what that goal was was making you a better leader. Right. So if you're working backward from some task that you're doing and you think of the overall goal, you know, is my goal to launch a product? Is my goal to keep my executives updated? Is my goal to compare these two loans so that I can pick which loan option is better? You have to think backwards from that goal. And the way that these systems are set up is that they're deep reasoners and action takers. So if you write into one of these AI agent systems and you type slash goal, build me a to do list app that allows me to put in, you know, all of my financial concerns, every single. And it compares it against my calendar and helps carve out time for me proactively and manage my calendar so that at least once a week I'm checking in on my finances, and at least once a month I'm checking in on large things like my mortgage or my car loan or whatever the thing is, right? So giving it that goal, the big, big, big task, and then it will create agents and sub agents and tasks and it'll go through and figure out its own steps.
- [28:00]
A
So update it, but don't tell it what to do. Instead say what the goal is of what it does.
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B
Basically, 20 would lay out the 17 steps and you would ask AI to help you with one step.
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A
Yeah.
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B
Yeah. 2025, you would give it the 17 steps, watch it do all of the steps. 2026, what the AI super users are doing is they're ignoring the 17 steps and they're going, what the hell is the thing at the end? Right? What's the final completion? What's the final ask? Who am I trying to help? How am I trying to help them? And what does that help do? What is the value? And they're giving that to the AI. And then the human is involved deeply in judgment of what good looks like for that. Go completed.
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A
So give us an example. Like, say I work in marketing and I really want to get a promotion next year and a raise to maybe $200,000. And I have a really big presentation next month for Chipotle that I need to nail.
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B
I would start first. If you. If you're literally just opening up an Asian platform for the first time and this thing knows nothing about you, the first thing I would do is make that context gap close. So I would say exactly what you just said and I would end it with ask me questions so that you get a 95% understanding of who I am, who I'm showing up as today, what my fears are, my strengths are the last pitches that I gave to Chipotle, the five companies that I worked at before this, what my current salary is, Right? You didn't mention, am I starting from 60,000 or am I starting from 190,000? The advice is going to be very, very different depending on your context. Maybe you're severely underpaid, maybe you're already overpaid and you have to switch to another company. So ask it to interview you just to be able to add that context. And again, we do the exact same thing with humans, right? If you're an executive coach and you're giving someone advice and someone said, how do I get a raise to $200,000? You think the first thing that they're going to do is give you advice? Absolutely not. The first thing that they're going to do is ask you questions. The next thing that I would do is say, okay, can I make a plan for how I should even approach this? So it might be slash goal. You know, I need a plan that allows me to have this raised conversation with my boss two weeks from today. And it should be the most well researched thing, the most, you know, airtight thing. And it will then go off. It will decide whether to do market research on wages in your area. And again, it would have asked you where you are. It will Decide whether it should go online and research best practices for how to ask for a promotion or a raise. It might decide to look up what the Fed is saying for, you know, wages only increase 3.4%. Okay, what does that mean for the percentage leap that I am asking for? And so it is figuring out those reasoning steps and it is going to keep trying and keep trying until that goal is achieved, until that like condition is set. So it will keep going until it has given you a plan. It is your job as a human to decide whether that plan is good. Like I worked at Amazon for years, every single thing at Amazon was a document. So if Claude or Codex gave me a PowerPoint, I would have never gotten any sort of promotion or raise. At Amazon it's giving AI that rubric, that like scorecard of what counts as good or not. And the big thing is that now AI can work backwards from a goal instead of going from tasks. AI can loop on itself two times, 20 times, literally bashing its head against a wall until it does the awesome work. And a second AI is literally checking the work of the first going did I do it? Did I do it? Did I do it?
- [31:49]
A
I love that you also post a lot online about how all this stuff that your AI agent is doing while you're asleep. So like what is going on? And like how can we get our agents to do things? Well, like what do you wake up every morning from your agents?
- [32:02]
B
So, so first, just on like the AI education side, AI a couple years ago could not work overnight for you for many, many hours. It was not enough.
- [32:13]
A
You don't get enough AI to work overnight, then you'll be working till you die. The famous Warren Buffett quote.
- [32:18]
B
Yeah, well and it's also like your money should be going to work for you overnight as well. Like it is the, the 9 to 5 is horrible in the trash, I think.
- [32:28]
A
Yeah, yeah.
- [32:28]
B
So what I would be thinking about is um, now AI can work for hours uninterrupted. You could give it low value tasks that it is just cranking out, right. I could say give me 2,000 versions of my website just for funsies and that would be AI working overnight and it would be zero value. Right. I did not create wealth, I did not create any sort of leverage things that I would be thinking about when you're talking about AI working for several hours. So one could be a really, really complex task and maybe it's researching every single book ever writt about personal finance or the top 200 books written or read every single Shareholder call with Warren Buffet. Right. So it could be something that is very complex or high volume. It might also be something that you want to do in a repetitive way. So every single morning I wake up, I have a morning briefing. It is all the emails I have to respond to. Everything's been pre drafted. It's a review of my calendar. Not just like, oh, you have this thing at 12, but it's like you have this thing at 12. By the way, you should remember that the last call went really well or that you saw the Knicks game with them or like whatever the thing is. So it'll give me little memory prompts or recent news about that Client activities in New York. I have an entire goals section that just keeps me more goal aligned every single day. And so you might have like, if you're trying to start a newsletter, you know, have it do research for you and have it scan through all of your posts, all of your competitor posts, all of the news related to your niche, and have it not only come up with newsletter ideas, but pre draft all the newsletter ideas in three different voices is automatically upload it into your newsletter platform, whatever it is, have it flag proactively things that you should look at. Have it proactively block time on your calendar to be able to review that. Like, I am waking up with a sense of agency that I have literally never had in my life because AI is working overnight for me.
- [34:29]
A
So how do we do that though? So I tell the agent, hey, Ali Miller said that her agent works overnight and is sending her a briefing at 6:00am AM. Do you need to do that?
- [34:40]
B
Yeah.
- [34:40]
A
You're slacking.
- [34:41]
B
Yeah. You could also say, look up, Ali K. Miller. Look up every single thing she's written about what you should tell your AI agents to do. And just go do the three highest leverage things that require the least amount of input from me. That, that is a, that is a slash goal. And then you type that in and you're already cooking. And I'm. And literally 1% of all AI users are using these coding. Agents are using agent harnesses. And a percentage of that have been able to figure out how to do this sort of like prompt remix. Like how do I grab the best of the best that's out there and immediately turn it into action?
- [35:21]
A
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- [38:30]
B
I would first validate those people to say a lot of leaders are coming down with like, like divine on high demands saying, use AI or you will be fired or use AI, and you have to figure out how to, you know, do the work of 40 people. I literally just had someone text me and say, I know you always talk. Like, I say that productivity is a trap. And so I think that companies that are only prioritizing, doing things faster, doing things at, you know, greater cost savings, they're. They're destroying the main mental health of their employees. And people are being expected to do the jobs of five people or 30 people with AI tools. And the bosses are giving them zero direction. And that is actually a lot of my client advising work is closing that gap. I do think that leaders can do a better job at that. Yes. But I'm also going to push the employee to do some exploration, not just because it feels good to learn and be challenged, and also hopefully that. That your company is paying for it.
- [39:32]
A
Yeah.
- [39:32]
B
But also, you might not work at that company forever. Right. Like, I really believe that even though we're in this, like, low fire, low hire stage of the economy, like, I think that every single person should be making sure that their skill set is flexible beyond their company.
- [39:52]
A
I say that all the time. That it's like the way to a. I say the way to wealth is not deprivation. It's to make more money. And then how do you make more money? It's to increase your skills. And that's honestly one of the million reasons I was so excited to have you on here, because I think that AI is at this really young stage where simply by taking this risk, by having that growth mindset, by putting in those three weeks or whatever it takes, you can set yourself up for so much more earning potential and career opportunity.
- [40:20]
B
Yeah.
- [40:20]
A
And it's sort of like when Instagram first started. Like, you get any handle. Like, it's like, it's sort of a. It's a gold rush, you know what I mean?
- [40:28]
B
Which also has this whole side effect of it being overhyped sometimes, but for like just for people listening. These are real use cases that people have come to me for. First. Someone that I spoke with figured out an entire like investing mimicking strategy where they said, look at what Nancy Pelosi's investing in, look at Warren Buffett and interview me and then help me figure out how I might change my investment strategy. I've talked to people who have saved thousands of dollars a year because they literally just had AI review their subscriptions and they just had Claude or, or chat go out and research every single subscription that they have and say, what are the competitors? Is this the top ranking product in that space? How can I save money? Should I spin this subscription down? Right. And if you get enough that are, you know, a hundred plus a year, you're saving thousands. Like these are real personal finance use cases that people are using AI for. I love that.
- [41:26]
A
So I mean you sort of led to my next question which was about using AI to manage finances. Finances, first of all, data wise, do you think that it's safe?
- [41:35]
B
So everyone's going to have their own risk posture. There are some people who put all of their secrets and all of their bank information and all their medical information into AI systems. And that person has decided that they're okay with the trade off. Right. The value that they gain versus the data that they're sharing. And there are going to be some people who say, I'm not connecting this thing to any single tool. I'm not giving it my Gmail, my Google Calendar. I am in the middle, probably closer to the first person. And the, the thing that I would at least advocate for is trying it on personal finance use cases that don't require bank account detail sharing. Yeah, which there are plenty.
- [42:10]
A
Just like show, literally showing your transactions. It could be anyone's.
- [42:13]
B
Yeah, you can, you can redact your documents and give it and say, hey, this is my friend. Yeah, right. Don't even have it apply to you. And by the way, I get way better unbiased, you know, answers from AI when I go, this is from a friend. Can you review her investing strategy or his investing strategy, whatever. Try a couple different hats and say, you know, help me review this from the lens of a fiscally responsible 78 year old. Have you know, another agent review this from lens of a high risk, crypto loving 25 year old. Have another AI agent review this from the viewpoint of like the head of the imf, whatever. You can spin up all these different views just to have that strategy be even More robust. And I did not give it my specific accounting number, account number or routing number, or my address or my ein, or any of this. Right. You can use it for lower risk use cases. I think education is still a big piece. Like, I sat down with AI and was like, explain the Fed to me. Like, explain the Fed to me. Like, I'm five. Break it down for me. I was learning about like Cleveland. I was learning about San Francisco and how Cleveland actually has more power and all, like, make me feel like I finally get this. Like, I went to grad school and I'm still like, huh. So it has been unbelievably helpful to explain things in my way. Education's a big one. One more use case because I'm like sweating and I just get too excited about this stuff. I, I was talking to a friend who literally set up three different agents and gave each of them a thousand fake dollars and said, I want you to come up with a crazy investment strategy based on this sort of prompt. And gave A, B, C different investment strategies and said, the goal is to make a million dollars. And so he's going through loops. He's going, okay, which one of those won? And then he's taking the winner. And then he's morphing that one into three new option, taking the winner, morphing, take the winner, morphing. And you can have AI do this full loop for you. That's crazy. Like, is that not crazy?
- [44:17]
A
It's really crazy. And I think, like, I talk a lot about, about it, Mrs. Dow Jones, this idea of a money date, which I still think that even if you have AI doing, it's like what you're saying about the intersection of automation and having these tools. But also with having critical thinking, like, especially with your finances, you have to keep an eye on your bottom line. Even if you are using all of these different, you know, menu options to make it easier. But certainly you should use AI to make them easier if feel comfortable, data wise. And I really like the way that you talk about that because I think on the Internet people search for a right and a wrong. But I like that you look at it as a spectrum and it really is your own risk analysis. Like, do you feel comfortable doing this or not? Like, I personally feel completely comfortable screenshotting my transactions without like my information in them so that AI can tell me, like, okay, here's how much you spent on clothes. Here is like how much you made. Here's you know, six subscriptions that you need to cancel. And like making that really easy.
- [45:27]
B
And you can always turn memory off. You can always say, oh, this is my friend, you know, Beatrice, whatever. You don't have to necessarily attribute it to you if you don't want your AI system to remember that.
- [45:36]
A
Having to say, it's for my friend.
- [45:37]
B
Yeah, exactly. My friend, Ali.
- [45:40]
A
But so with the money date, it requires that basically once a month you sit down with your finances and you manually review everything is how I have it now, which, you know, as we're talking, I'm like, okay, this is something that definitely, if you feel comfortable, data wise, could be something you use AI for. And it's basically just exposure therapy to get really clear about your personal finances. So I'm wondering for financial T users and then it builds you a budget, right? It says like, here's where you're at, here's where you need to go. You pay off your debt. Should you invest all those things? So how can you use AI to improve your money dates? Like, where would you, you start?
- [46:14]
B
Okay, I'll, I'll start with basics and then we'll go intermediate and then we'll
- [46:18]
A
go, I love that.
- [46:19]
B
Okay. On the basic side, at the very least, having it like pull data for you, pull research for you. If you're trying to extend your investment strategy into like, maybe you're, you're, you're going to allow yourself to take some more risk and you're going to buy single stocks or maybe you have always bought the S and P and now you've got, you know, told from a friend, Total stock market index. You just want to like learn what that is basically.
- [46:42]
A
Should we do it?
- [46:43]
B
Exactly, yeah. You're comparing Fidelity across Vanguard, you're trying to learn something. And so it could certainly just make that process be a little bit more clear. The next level up from that, that intermediate level is using a lot of data, right? It might be connecting it into tools, it might be giving it that redacted bank transaction information. It might just be that you yourself are going to all of your, you know, banking account details or your wealth front or whatever and just dictating to AI and saying, here's how much money I have, here's how much money I have here. So you're not literally giving it any access or any screenshots even, and so feeding it that actual data so that the thing that it is creating with you is an entire spreadsheet and an action plan and you can have Google sheets so that you can track it over time.
- [47:34]
A
Right?
- [47:34]
B
That's still, I'm gonna call that Intermediate.
- [47:36]
A
Yeah. That's awesome.
- [47:37]
B
Let me tell you how you can be a crazy person with this stuff.
- [47:40]
A
Okay, talk us through it.
- [47:41]
B
Okay. What do you think is preventing most people from having money dates?
- [47:45]
A
Just, like, fear. They don't want to. It's boring. They don't want to look at their finances. It's, like, scary. To look at your money.
- [47:52]
B
Yeah.
- [47:52]
A
And they also don't know what to do, what the first step is.
- [47:55]
B
Yes. Okay. So scared. Fear of the unknown. They don't know what the numbers are going to look like. They don't know what's good or bad. So they're scared and they're bored, which is like the worst possible.
- [48:04]
A
And they don't want it. They. They're. And they don't.
- [48:06]
B
They're the action.
- [48:07]
A
The action. Yeah.
- [48:08]
B
And they don't know what to do.
- [48:08]
A
They don't know what to do. Yeah. Yeah.
- [48:10]
B
Okay. So scared, bored and peril.
- [48:12]
A
Yeah.
- [48:12]
B
Horrible combination to be with.
- [48:14]
A
Literally hard to take action with that.
- [48:16]
B
Yeah, exactly. Okay. So scared, bored and paralyzed. Number one, if you are scared, first, like, I would do a money date with friends or something. Even if your laptops aren't facing each other, but have some sort of accountability mechanism. Like, my friends and I, we have, like, life admin days where if we're all in the same city, great. If we're all on zoom, great. But it is this accountability movement. And so one of the guys in our group, he had been pushing off a high yield savings account because he had been trying to optimize it down to the 0.1%, and he had been paralyzed for four years and, like, did not ever get an account. We're like, get on the phone. You're just going to do one anyways. Okay. So if someone is scared, finding that accountability mechanism amongst your friends and telling AI, saying, I am scared, Give me the one tiny first step that I can do or explain what this means. You know, explain why my credit card interest rate is 29%. Like, is that normal? Right. So asking for answers. Bored is the one that I want to immediately attack. Yeah. Because why are we reviewing spreadsheets in the first place? Like, why are we looking at boring websites? Make it a freaking trivia game, man. Make it a karaoke night. Make it a wizard that pops out of your desktop that is going to ask 16 questions in French about your bank. Like, have fun with it. So I would just advocate for people to say, if you're scared, you're bored and you're paralyzed, how can you use AI to close the Gap on the unknown. How can you use AI to make it more interactive, visual, engaging, something you want to do, something you're magnetized toward and something I do all the time, whether it's my finances or not. How can I ask every single task with AI, every single goal, every single loop, every single prompt, every single whatever at the end I'm always going to ask AI now what? Now what? What do we do next? What do we do next? What do we do next? How do I close the gap if it's telling me to invest in SpaceX or, or pull all my money out of SpaceX, whatever the the outcome is. Okay, how on earth do I do that? Yeah, how do you decide to trade at market rates or whatever?
- [50:23]
A
Like should I do it after the market closes? Exactly.
- [50:27]
B
So that is the type of wall that I want people to see as a hard wall and then I want people to literally view that wall as like on a hot day and the wall is just melting and you feel like the world is possible. And that's now how I feel that I didn't feel four years ago, five years ago about finance.
- [50:48]
A
I love that. Thank you so much Ali. Can you tell them where they can find you?
- [50:53]
B
Ali K. Miller on all social media channels I've got a newsletter that I think is going to help a lot of people AI with Ally. And then if you've been waiting for a course that is to going going to help you actually become empowered in the AI age and learn all these little details, we've got something called the AI Fast Track which is like a five day email course, totally free.
- [51:12]
A
It's so great.
- [51:13]
B
Thank you everyone.
- [51:14]
A
Follow Ally. Thanks for coming to Sip with us. See you next Thursday. And stay rich.
- [51:26]
B
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