Why Others Pay Us To Solve Problems?

Summary:

• Robots, automation, artificial intelligence, and machine learning are the employee's lethal horsemen.

• "What will be valued in the future when it comes to work?" ask ourselves.

• Become more knowledgeable about finance now to be ready for the AI takeover.

Bonus: At the end of today’s article we will talk about ‘What is the Corporation's Power?’

The highest level of an investor is a capitalist investor. The five levels are:

1. Novice

2. Saver/Passive

3. Amateur

4. Professional/Active

5. Capitalist

The way to reach the highest level is to invest in financial education to increase our financial intelligence. In this age, having the proper knowledge and context about wealth is the way to become ultra wealthy.

We have to pay attention to the changes in this fast changing world. Be ready to be flexible and learn new things. The old things will be left by the advancdements in AI and technology.

Read the "Dilbert" comic strip. It perfectly captures the foolishness of corporate America. The core idea of Dilbert's message is that nothing truly gets done in the typical office because of the excessive red tape and worthless work that goes on there.

We predicted a "perish of the Dilberts" due to the development of robotics and artificial intelligence. In other words, many employees will no longer be able to work.

We referred to people with "routine cognitive jobs." Translation: occupations that could be replaced by automation.

Up to 13% of all jobs may be lost to automation by 2026 alone, as previously noted. However,, new opportunities will be created for those who shifts the mindset and core values about money with the new rules of money.

However, none anticipated that the COVID-19 pandemic would result in the loss of 60 million jobs. We now know that many of those businesses saw the outbreak as an opportunity to increase productivity and efficiency while rehiring as few of the people who had lost their jobs as possible.

Automation, robotics, COVID, and millions of jobs lost

However, this is not new. In a Wired story, Oxford University researchers even predicted that, although it hasn't happened yet, 47% of American occupations might be automated in the next 20 years.

It was only made worse by the COVID situation. One group of economists estimates that 42% of the jobs lost are gone forever, according to Time's article titled "Millions of Americans Have Lost Jobs in the Pandemic—And Robots and AI Are Replacing Them Faster Than Ever."

Robots were quickly deployed in reaction to the coronavirus. All of a sudden, they were taking people's temperatures and cleaning airport floors.

Malls and stadiums purchased Knightscope security-guard robots to patrol vacant real estate; hospitals and universities used Sally, a salad-making robot developed by tech company Chowbotics, to replace dining-hall staff; and businesses that produce in-demand supplies like hospital beds and cotton swabs looked to industrial robot supplier Yaskawa America to help boost production."

Businesses that used human customer care representatives closed their call centers and resorted to AI platforms like Watson Assistant or chatbots developed by LivePerson.

Once more, many "employee" jobs have vanished in an instant.

What additional occupations will be lost when advanced technologies like machine learning and artificial intelligence (AI) become more prevalent? We don't know for sure because we don't have a crystal ball. However, as we noted, artificial intelligence is becoming more adept at jobs that once belonged to humans, making it harder for humans to stay ahead of machines. According to JPMorgan, AI is now able to examine commercial loan agreements in a matter of seconds, replacing the 360,000 hours of legal work that lawyers used to do annually.

Perhaps becoming a lawyer won't be an American ideal for very long. Only those who truly want to become a lawyer or any other profession should become that, and not for the money only. People are unhappy today in their jobs due to the poor choice making in their lives.

In order to prosper when AI fully takes over, we must position ourselves now, not later.

Robots, automation, artificial intelligence, and machine learning are the four deadly horsemen.

The four fatal horsemen of the apocalypse—conquest, battle, famine, and death—are discussed in the Bible's book of Revelation.

We can discuss the four terrible horsemen of the employees today—robots, automation, artificial intelligence, and machine learning—at least for employees, but even for others in the near future.

In the emerging AI era, find true security.

Most people who come for poor mindset parents, wished for nothing more than for their kids to attend a reputable school and land a well-paying career. That is what security means by many around the world. Many parents wish their kids to become a doctor or lawyer without knowing that people want to choose their own destiny. Many people make the use mistake to follow their parents advised and the end up unhappy because they are involved in things they do not love to do. It is better to find a problem we wish to solve, then create a company that has the product to solve the issue and launch into the market to begin collecting the money for solving such problem.

These days, people regular occupations could be replaced soon by the employee's four lethal horsemen.

We hold a different opinion. Because we had no control, we believed that working as an employee was one of the least secure jobs we could have. The only people with real influence over a firm were its proprietors. If they could, they would quickly take our place.

Our perspective is becoming more and more accurate as the robot and AI era progresses. Businesses are accomplishing more with less and getting rid of "employees’" occupations as a result of the rapid advancement of technology that renders many jobs obsolete.

Successful businesses no longer require as many employees as they once did because automation allows them to accomplish more with fewer people. In 1964, AT&T was the most valued firm in the United States, employing 758,611 people; now, Apple employs about 137,000 people. Even while the large corporations of today earn billions of dollars, they distribute that money to fewer workers and provide a larger portion of their profits to shareholders.

Being more and more focused on entrepreneurship is essential in a world where working for a living is becoming less and less stable.

"What will be valued in the future when it comes to work?" is the question we need to ask ourselves.

Here, a particular fundamental skill set—one that entrepreneurs typically take to the highest level—will be highly sought after. Solving problems is one of those skills.

Here are some tips for staying relevant when the robots take over your work.

The issue with this world is that there aren't enough problem solvers. Therefore, we get wealthy if we learn to solve problems.

The following pattern may be found in any successful business:

Problem > Solution Product > Problem > Solution Product > Problem > Solution Product

Financial Intelligence -------------------------------------------------→

Entrepreneurs identify issues in the world and come up with fixes. The best answers are found by the most successful. These businesses employ highly intelligent men and women with strong financial educations who apply their high financial intelligence to address these issues and profit from their answers.

We have to accept that difficulties will always exist if we want to prosper in a world that is becoming more and more automated. Regardless of how many times we solve one issue, another will inevitably arise.

We will, however, welcome issues when they arise in your life or when we observe them in the lives of others if we also realize that problem-solving is what makes us wealthy.

When we start fixing other people's issues in addition to our own, we become highly sought after and our chances of becoming wealthy soar. And we get immensely wealthier when we figure out how to take advantage of the employee's four deadly horsemen.

Which type of income a person focus to build will determine how wealthy the person will become and will also determine which side of the cash flow circle the person operates from. Although a person can be on the left side and the right side of the cash flow circle.

Majority of people tend to operate from the left side completely without ever finding true wealth there because total freedom is build on the right side of the cash-flow circle. As a Business Owner and Inside Investor working to build passive income by acquiring real asset that produce positive cash flow in any type of economy. The 3 types of income that exist are earned income, capital gains income, and passive income. Two of the three incomes are achieve through sound investing and only one is made through selling time for money. To become wealthy we cannot sell our time for money. We must sell products backed by real brands to the world. We must solve a problem that the world needs a solution today. Once we find a need and fill it with automation and systems then we will experience the power of positive cash flow (passive income.)

This is the formula for enormous wealth

Big problems that need to be solved plus automation, robots, artificial intelligence, and/or machine learning equal enormous money.

When we fix their problems, people will pay us a lot of money. We must find a product base business to launch and control to achieve excess of positive cash-flow.

People will give us more money if we address a larger problem.

For example, many people hire a housekeeper to keep their home tidy for a reasonable fee. To keep them alive and healthy, however, they give their doctor extra money. Why? For the simple reason that people can tolerate a dirty home but not illness.

To be successful in real estate investing, we must address a significant problem: the need for reasonably priced, high-quality homes.

Additionally, our business, masterinvestor, generates a lot of revenue by resolving people's financial education problems and more regarding their lack of true wealth.

We earn more money the more they put into solving these problems and figuring out how to handle the most significant ones we come across, all the while utilizing the employee's four horsemen.

Financial education is necessary for problem-solving and technology utilization.

As previously said, the wealthiest businesspeople become wealthy by using financial education to solve significant difficulties. They understand not only how to create the ideal product to address an issue, but also how to profit greatly from it.

We must solve problems and improve our financial literacy to understand how to profit from the answers we offer, whether they be goods or services, if we want to have a stable financial future.

We will survive the "perish of the employees era" in this way.

How to remain ahead of the machines in the face of AI takeover

Think of the world as a place full of opportunities to solve issues and make money.

Begin by asking ourselves, "What's my problem?" and proceed from there. It's likely that we will start solving other people's problems when we are resolved our own. Remember that we must learn how to read and improve financial statements. Starting with our personal financial statement. Every business and investments has a financial statement too.

Additionally, it's time to improve your financial literacy so that when the typical employee's circumstances worsen, We will understand how to monetize problem-solving and how to use that knowledge to generate even more revenue to address even more complex issues. That is real security by building the assets’ column with assets that are solving a problem on the world, and it will be a while before machines can replace it.

What is our problem, then? Find a problem to solve with a product base business and start build the winning business plan to launch the company into the market.

Bonus: What is the Corporation's Power?

Are we taking advantage of the new rules of money that apply to everyone?

The secret to utilizing the tax law to become (and remain) wealthy is corporations.

Be as intelligent as the wealthy instead of being angry with them.

Many individuals believe there are two sets of rules: the rules for everyone else and the rules for those who succeed. However, in practice, everyone is subject to the same regulations. The only distinction is that although everyone else does not follow the rules, successful people do. That's the main distinction.

Corporations are one method that prosperous individuals take advantage of the laws of money.

A straightforward tax fact

It would be better to approach the question of whether the tax law is fair or unjust from a different angle. As we have stated here before, “Tax breaks are rewarded to the wealthy mindset who build the economy and provide jobs.”

The issue "Is it fair to tax the wealthy?" becomes less relevant in light of this and more, “Are high-paid workers creating jobs and boosting the economy?"

Naturally, the answer is no. Although they might contribute to a firm's financial success and even hire some employees for that company, they are not directly creating jobs or boosting the economy. It's their business. They simply work for that corporation as extremely well-paid (and highly taxed) employees on the left side of the cash flow circle.

The significance of corporations

The significance of companies is discussed in our eBooks and eCourses.

Protection of income: A large portion of the money that the government typically takes from employees in the form of taxes can be shielded by moving the income stream from assets through our own company.

The flow of an employee's income

The ugly truth is that the income sequence for employees looks like this:

Income --> Taxed --> Expense

Even before a person receives a paycheck as an employee, the earnings are subject to taxation and withholding taxes. As a result, if an employee receives $30,000 year, their pay may drop to $20,000 by the time the government processes it. The person then has to use that money to cover all of their everyday expenses, including their mortgage. The word Mortgage comes from the word MORTIR, which means a debt until death. The illusion that the employee and self-employed are rich because they have a mortgage is wrong. Because who pays for the debt?

If the person who lives in the house pays for that debt with their job, then they are paying for it with their earned income which makes their house a liability and not a real asset. The house and its mortgage makes them poor each and every month.

Regardless of the house going up in value due to the inflation. Unless the homeowner does something about their biggest liability (house) to covert it into an asset by simply renting out the house through AIRBNB or any other legal way.

If the house mortgage gets paid with the home owner’s earned income, then the house will be a liability because it takes money away. Unlike an asset which puts money in our pocket. If there is any debt involved, then the revenue from the investment pays for the debt back fully. Therefore, such debt is good debt because it is money being put into an asset that is making us positive cash-flow today in our pockets. In addition, all the expenses of such assets is paid with the revenues it creates on its own.

The pattern appears as follows if we first transmit our money through a corporate entity:

Earn, Spend, and Tax (if any at all as we are building passive income and use debt which both can be tax free according to the law.)

We can deduct a large portion of our $30,000 in earnings before the government seizes them by moving them via a business. As long as it complies with the tax code, we set the regulations if we own the company

Establish our own guidelines

For example, including in our bylaws that gym membership is included in our employment package is an example of using a business to create our own regulations. The business may use pre-tax funds to cover childcare costs of $400 per month. We must essentially make hundreds more to cover the same childcare costs if we pay for them with after-tax dollars.

The qualifications for what a corporation's owner can write off that an employee cannot are stringent and the list is lengthy. For example, we can claim pre-tax deductions for some travel expenses if we can prove that you used the trip for business purposes, such attending a board meeting. Just be sure to abide by the guidelines.

At masterinvestor, we strongly advise following the law, engaging knowledgeable consultants, and earning a lot of money in a lawful manner. Our early warning mechanism for impending legal changes will be our legal advisors. Wealth also shifts hands when laws change. It is critical to study the rules of money as the laws have changed.

Protection of assets

People will often want to seize what we have through legal action if we are wealthy. However, the wealthy possess little in their own names as we understand the power of corporations. We shift all the liability to the entity itself, serving us as. protection.

To safeguard them, their assets are kept in businesses and trusts. The new government is implementing tax laws that reward those that boost the economy and create employment while simultaneously relieving some of the burdens on the middle class.

Small steps to start and consistency with a plan

This tax code may give many people cause for complaint.But instead of becoming angry, become intelligent. Determine how we can contribute to employment creation, economic growth, or both. We will profit from the same actions that the tax code is intended to incentivize if we do this. It will benefit the economy and our pocketbook.

Which area of the CASHFLOW Circle we make our money from is crucial if we wish to use a corporation to protect it. There is little income or asset protection available to a person if all of the money is earned as an employee (earned income is taxed at the highest bracket) of a business that we neither own nor control.

For this reason, it's crucial to start out small. Keep the employment if the person is employed, but start spending more time in the right side of the Cash Flow Circle. Being a Business Owner (B) and Inside Investor (I). When we do, make use of the corporation's ability to multiple earned income. Those two types of people are our path to greater financial independence more quickly.

Are we curious about the influence of corporations? Go through our books, How to build Cash-Flow with the Internet?: Turn Passive Income On. Further, understand why the wealthy like to use our own businesses, and majority of people in the world work for our companies.

• 15% rate of corporate taxes to zero in taxes legally

• To equalize the playing field for American businesses, a territorial tax system

• One-time tax on foreign-held trillions of dollars

• Remove special interest tax incentives.

At the end, this country and economy works with the capitalist principles. Capitalism is the highest level of an investor, which is someone who identifies a problem and provides a valuable product to solve the market using a corporation to keep more money and protect our assets from predators. As long as we do what the governments wants to do which is to create new jobs and solve problems, then we are successfully building true wealth. Focus on building the assets’ column with real assets that we control with our own entities. If the person is on the left side of the cash flow circle, then that person should invest in financial education and create a winning business plan.

Start investing in high quality financial education, by reading our financial eBooks:

• What are the 10 New Rules Of Money?

• How to build cash flow with the internet? Turn Passive Income On

• How to Invest in Crypt to Build Wealth? Understanding Bitcoin and Blockchain

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