Elon Musk: THIS will be bigger than Tesla
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Hello. I'm James Altucher. I've been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it's because I make big predictions… That tend to come true. Today, I'm revealing a brand-new prediction:
American manufacturing will leave China…
And make a triumphant return to America…
Thanks to AI-powered robots.
The technology is being developed right now. I'm talking about, among others… Elon Musk's Optimus robots. These robots are autonomous workers… Embedded with a smart “AI brain”. Musk is going to use thousands of them in Tesla factories… AI robots will make it cheaper to manufacture goods here in America than China. And they'll create new American jobs in construction, maintenance, transportation, management, and more. Musk believes the potential of these robots is almost limitless… And could soon exceed Tesla's revenues… He's even said his robots have the potential to be used in homes… To make dinner and do housework… Care for the elderly… Or even hinted at them… Being a buddy or “romantic companion” for lonely people. Now that may sound strange… (And perhaps it is.) But I've learned not to bet against Musk's vision. And this is just one of the ways AI will transform our economy and society. In fact, I now predict… Between now and January 9, 2024… Next generation AI technology will open a “wealth window”… That could be the biggest wealth-building opportunity of your lifetime. I now expect AI to be the first $100 TRILLION industry. There could be trillions available to those who get in early… Today, for the first time… I'm showing good Americans exactly what to do… Go here now to see my plan… For investing in AI during this brief “wealth window”.
P.S. If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in before January 9, 2024. Don't delay. See all the details you need here.
I’ve been an avid reader my entire life and have bookshelves groaning with investment titles.
Every once in a while, I like to revisit some of the more interesting ones.
And so I spent a recent rainy afternoon paging through billionaire money manager Ken Fisher’s book The Ten Roads to Riches.
According to Fisher, there are only 10 ways to become wealthy.
(This is after discounting things you can’t control, like a lottery win or a big inheritance.)
Here are his 10 ways:
Start a successful business. This is the richest road. Prime examples are Bill Gates, Charles Schwab, Sam Walton, Jeff Bezos and Elon Musk. Of course, you’re unlikely to do nearly as well as any of these men. But that isn’t necessary. With enough time and effort, you can get plenty rich filling a need for a local product or service in your hometown. (That includes starting a plumbing business or putting braces on kids.)
Become CEO of an existing firm and juice it. This was the method for Steve Balmer, Tim Cook and others. This requires many years of experience – and generally a lot of loyalty to one company. But if you have the drive and ambition, the salary and option compensation can make it well worth your while.
Hitch your wagon to a star. This method involves tying your fortunes to a successful business visionary. Charlie Munger did with Warren Buffett, Jeffrey Skoll with Jerry Yang, and Peter Chernin with Rupert Murdoch. This is a tough one though. You have to recognize a visionary early – offer him something of value and stick with him. Not easily done.
Turn celebrity into wealth. We all know that celebrities are loaded. But unless you’re a world-class athlete, a terrific singer/songwriter or George Clooney’s profile, you might give this one a miss. Yes, it’s possible to become an “internet influencer.” But with 8 billion people on the planet, the competition is ferocious.
Marry well – really, really well. This may seem shallow, but a Wall Street Journal poll found that two-thirds of women said they’d be “very” or “extremely willing” to marry for money. Half of men surveyed said they’d marry for money, too. Who’d have thought? (Downside: Expect a prenup.)
Steal it, legally. Some people think plaintiff’s lawyers are crusading saviors. Fisher sees them as bloodsucking leeches and extortion artists. (He quotes the age-old Mexican curse: May your life be full of lawyers.) But if you can handle law school and pass the bar, this method is another possibility.
Use other people’s money. This is the most common road for the ultra-wealthy. Managing other people’s money is how bankers, brokers, insurance companies, mutual fund managers, hedge fund managers and personal money managers like Ken Fisher make their millions. (Whether their clients are getting what they pay for is another story entirely, one I cover in my book The Gone Fishin’ Portfolio.)
Invent an endless future revenue stream. In this scenario, you create something – a book, a movie, a Broadway play – and find a way for it to create long-term royalties. This, admittedly, is a long shot. If you’re going to try this path, says Fisher, “think lunch boxes.” Products that end up on lunch boxes – Spider-Man, Star Wars, etc. – are the really big moneymakers.
Monetize unrealized real estate wealth. Millions of Americans have gotten rich in real estate. And many will in the future. But Fisher says skip the idea of flipping houses and condos – the transaction costs alone will kill you – and concentrate on good properties in desirable areas with predictable cash flows.
Take the “road more traveled.” This is the method we focus on here at The Oxford Club. It’s about maximizing your income, controlling your outgo, religiously saving the difference, and then managing your investment portfolio in a smart and disciplined way.
The road more traveled is the classic way for everyday people to get rich.
Most of us don’t have the time, the capital or the expertise to found and run our own business.
But we can always use the stock market – the quintessence of capitalism – to become business owners.
This takes time and discipline. But it is the surest way to long-term wealth.
This is not the route for high-paid professionals only, incidentally. Fisher’s firm doesn’t accept accounts starting at less than $500,000. But he has plenty of former middle-class workers as clients.
Fisher writes, “If your passion is truly social work, teaching kindergarten, or quilting – fine. Then focus on frugality. It can be done! I have clients who were postal carriers, teachers, cops, etc. They did it. Frugal!”
How is this possible? There’s no magic. These people live beneath their means and save.
“Skip mocha-caramel-triple-lattes,” says Fisher. “Pay off credit card debt. Avoid designer labels. Buy used cars. Eat in more, out less. Total no-brainers. Yet some can’t do this – just can’t.”
If you can, you have a good chance of becoming “The Millionaire Next Door.”
If you can’t, Fisher warns, you better find a higher-paying alternative.
In other words, see 1 through 9.
Tesla's EV Chargers Now Paying BIG Dividends
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Tesla's unique charging technology is becoming the national standard for EV charging stations. A host of major automakers have recently announced that their electric vehicles will use Tesla's charging technology. We're talking about multibillion-dollar industry titans such as Volvo, General Motors, Ford, and Rivian that are adopting Tesla's charging tech.
Tesla's market value has already jumped $40 billion in the past few weeks alone on the heels of these firms' announcements. And while Tesla is undoubtedly benefiting from all this… There's an even BIGGER beneficiary of Tesla's rapidly growing supercharger network… I'm talking about a small group of companies that are being paid to manage and install all these new EV charging stations across the nation. These little-known firms are projected to generate a staggering $563 million in profits this year… And the best part is that they're required to share these profits with ordinary Americans like you. We're talking about effortlessly getting paid up to $93 per day! All it takes is just five minutes to get set up using your computer and mobile phone. Get all the details right here.
P.S. The auto industry's rapid adoption of Tesla's charging tech has paved the way for a massive income opportunity. A handful of companies managing this EV charging boom could earn you up to $93 per day. A five-minute setup is all it takes. Grab these hidden payouts right here.
