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[SPEAKER_02]: AI is moving fast, and for a lot of women investors, it can feel like one more thing you're supposed to learn master and somehow keep up with while you are already managing deals decisions and growth, and that is where the overwhelmed begins.
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[SPEAKER_02]: Because the real question is, not how do I become an AI expert, the real question is, how do I use AI in a way that actually I'll think it might time back, make better decisions, and stay focused on what matters most.
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[SPEAKER_02]: Today I'm joined by Talua Limerall, an AI investment strategist whose work focuses on where technology, innovation, and the future investing are headed.
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[SPEAKER_02]: In this conversation we talk about cutting through the fear and the noise around AI, the tools you can start using
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[SPEAKER_02]: Today, and how AI can help you spend less time buried in tasks and more time focused on the strategic work to move your business your investing in life forward.
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[SPEAKER_02]: Let's begin.
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[SPEAKER_01]: Welcome to the real estate invest her podcast.
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[SPEAKER_01]: A top 1% show helping women achieve financial freedom by investing in real estate.
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[SPEAKER_01]: And now, your host, Liz Faircloth and Andressa Gidelli.
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[SPEAKER_02]: to AI's moving fast, as I said.
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[SPEAKER_02]: And I want to understand from you, what are you seeing investors getting wrong right now with AI?
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[SPEAKER_03]: Ooh, okay, we're jumping in and straight with what they're getting wrong.
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[SPEAKER_03]: Yep, let's go right there.
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[SPEAKER_03]: I think, you know, it's true.
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[SPEAKER_03]: We've been in a really fast-paced, noisy, enthusiastic moment since.
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[SPEAKER_03]: end of kind of 2022 and GPT 3.5 came out.
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[SPEAKER_03]: That was sort of like the coming of age for AI, right?
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[SPEAKER_03]: I mean, just for this technology has been around since the 50s, it's had many different iterations, versions, it's kind of as old as the internet in many ways, but it's really come of age in terms of our compute capability and thus the power of this technology in the past few years.
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[SPEAKER_03]: So as a result, very noisy and huge amount of capital flooding into the space, which I think is no surprise to anyone.
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[SPEAKER_03]: We're hearing about valuations of companies, you know, like seed rounds going for a billion or, you know, these things are just sort of unheard of from the investor lens.
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[SPEAKER_03]: And I think, yeah, when you ask, where do they getting wrong?
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[SPEAKER_03]: There's so many angles to answer from.
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[SPEAKER_03]: But I think accelerationism in this moment is not necessarily a good thing.
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[SPEAKER_03]: Because the other flip side of the AI equation right aside for all the noise we hear is a lot of fear.
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[SPEAKER_03]: Yeah, and a lot of uncertainty for very valid reasons.
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[SPEAKER_03]: I mean, this is the most powerful innovation we've ever developed as a species.
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[SPEAKER_03]: there's a huge amount of risks if we develop it wrong and therefore if we fund the wrong things that aren't considering the ethics, data privacy, safety, security, right, all these things and so the noise and the hype and the excitement and the frothingness has meant it's harder to be discerning and many investors haven't been because they just want
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[SPEAKER_02]: Yeah, now that is really fascinating what you're saying because I think there's like these such level of like fear and uncertainty and it's not just like a five out of ten, but it's like strong emotion around that and then on the flip side, you have people utilizing it as well as investing certainly as you've worked with, but utilizing it and that's the the women that are listening right now is like, okay, how do I cut through the noise just as a user.
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[SPEAKER_02]: Right?
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[SPEAKER_02]: How do I know the best way to utilize this as a, you know, the listening right now are real estate investors.
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[SPEAKER_02]: Some of them are developers.
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[SPEAKER_02]: Some of them are, you know, into multi-fimly.
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[SPEAKER_02]: Regardless of the strategy, regardless of the niche, we're all asking those questions as business leaders, as entrepreneurs.
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[SPEAKER_02]: Where should be spending my time in utilizing this?
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[SPEAKER_02]: And where should I not?
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[SPEAKER_02]: So how do you unpack that for folks that are using it?
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[SPEAKER_02]: But might be dabbling and they really want to be efficient, but also they want to make sure they're not listening to something that's not accurate.
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[SPEAKER_03]: Well, yeah.
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[SPEAKER_03]: I mean, this is sort of the issue of the moment because I think the biggest lack of trust is in some of the big incumbents right now in the space, right?
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[SPEAKER_03]: Like foundation model players where there's been a lot of news coverage or even of the leaders of those companies, right?
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[SPEAKER_03]: And as individual use, that's what people mostly know, right?
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[SPEAKER_03]: Like some people, they've used chatGBG, for example, or a lot, or whatever it is.
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[SPEAKER_03]: Or maybe in a corporate context they're using Google Gem or co-pilot or something that their corporates embedded.
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[SPEAKER_03]: So that's mostly how they're touching this technology.
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[SPEAKER_03]: It's through almost like the chatbot interface.
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[SPEAKER_03]: And there, of course, I mean, there's
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[SPEAKER_03]: Productivity and efficiency people now you have people saying like, well, I don't want a productive efficient life I'm not like this thing to be optimized.
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[SPEAKER_03]: I want a human life.
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[SPEAKER_03]: I want, but the truth of the matter is so many of the ways that we work today And I'm sure anyone listening resonates with this is like Very dystopian and that we spend so much time on screens doing these tasks and things that like don't really dignify our human experience And so if we now have a tool that can take some of that away like what is it free us up to do?
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[SPEAKER_03]: And so, I think like, you know, feel empowered to get back your time, to spend with, you know, family or to, or to put back into your business or to be scouting for new, interesting savvy investments or whatever it is, that's the benefit of this technology now.
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[SPEAKER_03]: I would say, use it where, really, though, right?
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[SPEAKER_03]: Be discerning about what type of data you're sharing, because it's not really secure or safe yet.
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[SPEAKER_03]: You know, it's same as internet in early days, and still internet isn't the safest place to be, right?
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[SPEAKER_03]: Safety and security always, if you'll take time to catch up, they lag behind innovation unfortunately.
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[SPEAKER_03]: We just get so excited and put the, yeah, carbon or the horse and love that.
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[SPEAKER_02]: The one area that I see a lot of,
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[SPEAKER_02]: A lot of women investors, real estate investors struggling with and that I've been hearing more and more people using it this way is on the financial side, right?
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[SPEAKER_02]: So I might have five to ten properties and I need to, you know, I've been doing all the bookkeeping myself.
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[SPEAKER_02]: So I've either, I can have hired a bookkeeper or I'm doing the bookkeeping.
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[SPEAKER_02]: But you know, you and I would agree that having a pulse on your properties, what's working, what's not and everything matters, right?
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[SPEAKER_02]: Especially in real estate as an asset class.
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[SPEAKER_02]: Let's take one step further.
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[SPEAKER_02]: Okay, I know all that.
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[SPEAKER_02]: I get all that now.
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[SPEAKER_02]: I'm going to utilize Clot or CHATGDP, and I'm going to upload all my financials inside to give me say an analysis, okay?
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[SPEAKER_02]: How do I reduce my expenses on a property?
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[SPEAKER_02]: How do I increase income based on the other rental projections that are in that market?
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[SPEAKER_02]: Is that a safe way to utilize this technology?
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[SPEAKER_02]: In that scenario, I'm curious to get your thoughts.
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[SPEAKER_03]: Yeah.
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[SPEAKER_02]: I mean, I'd have to know specifically what is in that data that's being uploaded.
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[SPEAKER_02]: Like a P&L, P&L, balance sheets, things that I can download from our quickbooks if you will.
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[SPEAKER_02]: That's what our rental management software, if you will.
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[SPEAKER_03]: Yeah, I would look into that as an individual.
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[SPEAKER_03]: And I think it will very case by case you're operating truly as an individual or on behalf of an entity, right?
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[SPEAKER_03]: Sure.
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[SPEAKER_03]: Like, obviously, my asset management firm, for example, where we're in RIA.
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[SPEAKER_03]: So there's pretty much nothing that I can share with the public platform.
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[SPEAKER_03]: I mean, these are public platforms, right?
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[SPEAKER_03]: It would be like, whatever you type into Google as a search that can be pulled up later, if needed.
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[SPEAKER_03]: This is kind of the same as that.
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[SPEAKER_03]: So I would think of it that way.
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[SPEAKER_03]: But what I would say, unfortunately, I wish I could give like specific examples of like tools that are available for investors, but there will be, you know, application layer AI software tooling that is sitting on top of an LLM.
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[SPEAKER_03]: So it's not clawed or chat GPT, but it's making use of that use of that foundation model.
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[SPEAKER_03]: then adding, you know, guardrails and other safety measures on top so that users can use it more safely.
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[SPEAKER_03]: So there should be things like that popping up and, yeah, it's a shame I can't point to someone.
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[SPEAKER_02]: Yeah, no, the safety part I think is a really important one because I think people are just utilizing the software and creating bots and doing all these different things.
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[SPEAKER_02]: And in the same vein, you know, there's this lack of, did I verify this information?
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[SPEAKER_02]: And I think there is a level of
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[SPEAKER_02]: people not verifying what they're getting.
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[SPEAKER_02]: And it's just like, okay, that's really important in this day and age.
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[SPEAKER_02]: And so for folks utilizing it for a variety of reasons, especially if like market analysis, right?
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[SPEAKER_02]: Analyzing a market if I should buy a property there.
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[SPEAKER_02]: I want to buy a property out of state, done with the California market, which I know a lot of women in our community are in the California market get very frustrated with the prices and such.
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[SPEAKER_02]: And they're looking at Cleveland, Ohio.
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[SPEAKER_02]: They're looking at another state, another city.
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[SPEAKER_02]: What would you say to them of like how did they cut through the noise to ensure what they're getting is accurate and how can they verify or utilize these tools to verify what they're actually getting and trust what they're getting?
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[SPEAKER_03]: Yeah.
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[SPEAKER_03]: Well, again, look for specific tooling that does this type of thing.
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[SPEAKER_03]: But if you're using the broad base, sort of out of the end for this, that's still on us for now, right?
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[SPEAKER_03]: Like the model is not going to flag when it might be biased when it might be inaccurate.
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[SPEAKER_03]: We have to do that.
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[SPEAKER_03]: And probably people have seen this, right?
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[SPEAKER_03]: Like you might ask,
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[SPEAKER_03]: for a specific answer to something and then it doesn't seem right and you say that doesn't seem right can you double check it and it's like your right oops I kind of made that up right yeah absolutely and you're gonna put on I catch you to be doing that all the time like that doesn't sound right no exactly
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[SPEAKER_03]: And I think there will be more built-in to be transparent around where there's possible errors or bias in the answer it's giving you, but right now that internal science track is still on us.
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[SPEAKER_03]: And that, yeah, anyway, there's a lot more I could say about floating cognition in the fears around that and our intelligence.
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[SPEAKER_03]: But I think for the purposes of your specific question, that's what I say.
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[SPEAKER_02]: We constantly are telling, you know, our community and the women in it because, you know, they're asking, you know, different questions and utilizing it in different levels, right?
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[SPEAKER_02]: And it's like, okay, I could trust but verify.
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[SPEAKER_02]: So I can certainly utilize it to a certain point, but then you cannot replace like that human connection.
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[SPEAKER_02]: And I did reconciling that even in my own head of, okay, how far do you use AI?
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[SPEAKER_02]: And then at what point do you want to ensure the information you're getting is accurate with an actual human being who knows that particular market?
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[SPEAKER_02]: That real estate broker that has literally sold 100 properties in market A.
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[SPEAKER_02]: Well, I would have run this by them because they have the experience, right?
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[SPEAKER_02]: And I think people are on different extremes.
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[SPEAKER_02]: And I think both can exist together.
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[SPEAKER_02]: Like you were saying, it's like this,
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[SPEAKER_02]: with the human connection.
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[SPEAKER_02]: That's why we believe in community.
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[SPEAKER_02]: That's why we haven't invested her community.
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[SPEAKER_02]: So I don't think AI is going to replace community.
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[SPEAKER_02]: I don't have a crystal ball, but I don't think so.
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[SPEAKER_02]: And for the very reasons I'm we're saying right now, what are your perception of that?
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[SPEAKER_02]: Where is community relationships play into all of this?
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[SPEAKER_03]: Oh, I, yeah, this is kind of now the crux of the type of work that I, well, aside from my investor hot, but I actually believe, well, my conviction is that this technology has a potential to restore us and reconnect us with more deeply human ways of being really, and when I say that people go, what?
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[SPEAKER_03]: Yeah, tell me more.
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[SPEAKER_03]: Yeah, I, it comes back to, I sort of hinted at it.
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[SPEAKER_03]: So much of the way we work live in track today is relatively dystopian.
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[SPEAKER_03]: And I only use that term because people keep talking about a future dystopia that they're afraid of.
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[SPEAKER_03]: And I say like, look around how we live.
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[SPEAKER_03]: It like, we spend so much time on screens.
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[SPEAKER_03]: We're very sedentary.
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[SPEAKER_03]: Our children spend a lot, they spend nine times more time on screens than outdoors in nature at this point.
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[SPEAKER_03]: You know, we're so, and we have a crisis of loneliness and anxiety and to like all these figures, right?
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[SPEAKER_03]: So, there's a lot of, we have lost our connection already, both to ourselves, our physical bodies, because of the way we live our lives, met many of us, to nature for sure.
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[SPEAKER_03]: I mean, never in the arc of human history have we ever spent less time outside.
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[SPEAKER_03]: Actually, you know, there's this concept of the, the biggest migration of our lifetime is indoors.
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[SPEAKER_03]: and community, to the point you mentioned, you know, we don't have that we used to be tribal, then we, you know, even when we were agrarians, we lived in small community, you know, and now we're global, and we have a lot of individualism, and there's benefits to that, but we've lost community.
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[SPEAKER_03]: So then you're like, okay, but how the heck would AI not just make all of this worse?
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[SPEAKER_03]: And there's so much I could say about that, but I'm trying to say, like, the
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[SPEAKER_03]: It arrives as is great disruptor to everything we do.
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[SPEAKER_03]: It's going to disrupt work, it's going to disrupt how we interact, it's, and it also makes cognition no longer scarce.
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[SPEAKER_03]: You know, it's a tool that can do what our brains can do better than us.
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[SPEAKER_03]: So it gives us as existential crisis of like, what is a human?
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[SPEAKER_03]: Now, and actually what comes at a premium in the future we're moving into, and there's a lot of talk about this, is other forms of human intelligence, which are ecological intelligence, are somatic intelligence, are communal intelligence, and things like empathy, intuition, things that were soft skills before our relational abilities aren't EQ.
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[SPEAKER_03]: these things all it's you know it's in the web future of work report you can look at it everywhere these things come at a premium or creativity or imagination or adaptability or resilience not our rigorous data driven problem-solving fine which is kind of global for today
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[SPEAKER_03]: So, and even in saying that it still sounds fluffy, it's like I really could, but I don't want to talk too long unless you, you know, I'll let you ask further questions if you haven't.
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[SPEAKER_03]: Yeah, no, please keep going.
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[SPEAKER_02]: Please, you have finished your thought, please.
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[SPEAKER_02]: Well, so there's that.
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[SPEAKER_03]: These are the things that come at a premium in the future.
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[SPEAKER_03]: But they're, yeah, they're what remain uniquely human, and so we have this opportunity to remember and return to these forms of intelligence, these ways of being that we've gotten very out of touch with, which are deeply human.
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[SPEAKER_03]: I'll take one another one, concrete one, people worry AI, they look at AI and they think of it just more tech, and so it will create more of the problems tech has created.
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[SPEAKER_03]: I being on our screens all the time being disconnected from one
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[SPEAKER_03]: actually one of the promises of AI is to use the internet on our behalf in future and you already have the first AI, AI first mobile devices, where we basically, right now, you know, we go on our phone, so we want to book a flight, we go into an app, you want to buy a property, we're going in some, you know, we're looking up a little bit.
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[SPEAKER_02]: Yeah, you go on Zillow.
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[SPEAKER_02]: Yep.
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[SPEAKER_03]: Yeah, yeah, I'm trying to relevant one.
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[SPEAKER_03]: Yeah, audience.
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[SPEAKER_03]: And we're looking it up and we're scrolling and then we got to click and find the person to call and call and then there's, you know, So in future and we're not there yet, maybe take a little bit of time, but you should be able to just talk to a personalized agent, which is on device.
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[SPEAKER_03]: And on device on premise, private AI is massive.
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[SPEAKER_03]: that's coming.
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[SPEAKER_03]: Anyways, you talk to it and it will go then use Zillow for you, browse it, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,
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[SPEAKER_03]: That's one example.
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[SPEAKER_03]: There's a huge amount of model infrastructure now being built to allow this, to allow AI to use internet on our behalf.
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[SPEAKER_03]: And when you think about how much time we are in screens now doing that, you know, bog work that again doesn't dignify our human experience, that would have the potential to keep us in the real world.
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[SPEAKER_03]: You know, I'm saying a few things here and then I'm back here with you.
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[SPEAKER_02]: You've heard us say before, real estate is a relationship business.
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[SPEAKER_02]: And one of the most powerful ways to build those relationships is through meaningful conversations.
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[SPEAKER_02]: That's one of the reasons we love podcasting.
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[SPEAKER_02]: It's allowed us to connect with incredible women, build deeper relationships, and open doors to opportunities we never expected.
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[SPEAKER_02]: But to keep the show running consistently at a high level, we don't do it alone.
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[SPEAKER_02]: We've been an amazing team behind us at social chameleon who handles all the behind-the-scenes work, the production, the content, and distribution so we can stay focused on serving you and growing at business.
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[SPEAKER_02]: So if you've ever thought about starting your own podcast or taking it to the next level, they can help you do the same.
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[SPEAKER_02]: With social chameleon, you press record and they handle the rest.
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[SPEAKER_02]: Check them out at socialchameleon.us.
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[SPEAKER_02]: That's socialchameleon.us.
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[SPEAKER_02]: the concept of that it's not just more tech which I often would think and I've spoken to people about it actually can create more, get people back to their what skills make us uniquely human.
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[SPEAKER_02]: I think it's really fascinating point and I think that actually is irrelevant right now and it makes me feel hopeful
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[SPEAKER_02]: And I think that would make a lot of people feel hopeful because there is a lot of fear.
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[SPEAKER_02]: It's literally just going to replace every human being doing every different job.
17:19.332 --> 17:27.575
[SPEAKER_02]: I saw a Facebook post or a Facebook ad just saying, okay, before your kiddos might my son's only 12, but before your kiddos go off to college.
17:28.395 --> 17:35.759
[SPEAKER_02]: make sure they know what they should be majoring in if they're even with their majoring in is going to be completely replaced by AI.
17:35.779 --> 17:44.543
[SPEAKER_02]: So there's so many layers of this right from kids going to college to to obviously the corporate world to entrepreneurs to how we do day-to-day life.
17:45.123 --> 17:46.524
[SPEAKER_02]: I really appreciate what you're saying.
17:46.564 --> 17:48.545
[SPEAKER_02]: I do think that brings an element to all this.
17:49.226 --> 17:54.610
[SPEAKER_02]: As we navigate, how do we use these tools to advance our businesses and to take things off of our plate?
17:54.690 --> 17:58.172
[SPEAKER_02]: So let's talk about that in terms of like taking things off of our plate.
17:58.232 --> 18:07.538
[SPEAKER_02]: So many of the women listening in our community and their biggest challenge is they're usually doing, as an entrepreneur, right, small business owner and property owner.
18:07.558 --> 18:13.943
[SPEAKER_02]: They're doing this full-time part-time, but they're doing the jobs of many, right, they're doing the jobs of many and like many small business owners.
18:15.056 --> 18:23.740
[SPEAKER_02]: But more so, if they're doing this part time because they may not have a full time employee running their portfolio for them because they're maybe self-managing or even not self-managing.
18:23.760 --> 18:24.860
[SPEAKER_02]: There's an element of all this.
18:24.960 --> 18:30.223
[SPEAKER_02]: So, the biggest challenge, the biggest frustration, is they need to start firing themselves.
18:30.843 --> 18:31.884
[SPEAKER_02]: from different tasks, right?
18:31.904 --> 18:35.846
[SPEAKER_02]: What's the $20 task to the $200 test, to the $1,000 task, right?
18:35.886 --> 18:37.668
[SPEAKER_02]: What where should they be spending their energy in time?
18:38.088 --> 18:39.289
[SPEAKER_02]: And that's something that women work through.
18:39.709 --> 18:42.871
[SPEAKER_02]: So knowing that, that could be a challenge of them.
18:42.971 --> 18:46.614
[SPEAKER_02]: I know that the idea of these agents is something that's coming up more and more.
18:46.634 --> 18:48.215
[SPEAKER_02]: And it's not that I've built all these agents.
18:48.255 --> 18:49.596
[SPEAKER_02]: And I've robusted it all.
18:49.636 --> 18:51.337
[SPEAKER_02]: It's something that's on my horizon.
18:51.737 --> 18:54.299
[SPEAKER_02]: But would you tell women who are exploring that, right?
18:54.319 --> 18:56.700
[SPEAKER_02]: They want to get through, they want to go beyond using
18:59.062 --> 19:01.983
[SPEAKER_02]: to do some basic things that quite honestly my kids know how to do now.
19:02.123 --> 19:03.623
[SPEAKER_02]: My eight-year-old knows how to do.
19:04.263 --> 19:10.304
[SPEAKER_02]: How do they use it to build out the agents so they can free that time so they can get into what they do well.
19:10.324 --> 19:12.965
[SPEAKER_02]: Because I do think that's a huge opportunity right now.
19:13.785 --> 19:26.027
[SPEAKER_03]: Yeah and by the way it's when you said women having multiple roles or whatever I was like yeah even if they're not doing it like women are always having these multiple right as or
19:29.328 --> 19:46.147
[SPEAKER_03]: So yes, I mean, there, I think it was anthropic at one point that said that they anticipated by 2030, there would be the first single person unicorn company, as in, you know, the first company to get to a really dollar valuation where there was only one employee.
19:47.128 --> 19:58.798
[SPEAKER_03]: because so much now can be done, or you can build, train AI agents to do many, many tasks.
19:59.339 --> 20:02.361
[SPEAKER_03]: And the bars never been lower for individuals to do it either, as you're saying.
20:02.482 --> 20:08.146
[SPEAKER_03]: Because we do, I mean, there's like everything from vibe coding to tools, like, loveable, and others, which allow you to do.
20:09.053 --> 20:30.808
[SPEAKER_03]: to play around with that now to make it I'm trying to make it real estate specific continuously but like what are those what are the type of tasks that you think take up like when you're saying they're playing multiple roles yeah or are those sure I mean even just from a say acquiring new opportunities right some of these women have a portfolio and they're like okay I'd like to I'd like to buy a new property in a new market
20:31.388 --> 20:37.051
[SPEAKER_02]: There's a level of finding a new market based on job growth right there's a then there's okay This is the right market now.
20:37.111 --> 20:47.998
[SPEAKER_02]: I need to figure out with the right property for me The right asset class or what have you so it's just I think on the front end of finding opportunities at a line with their life style They're portfolio, etc.
20:48.698 --> 20:53.441
[SPEAKER_02]: I think will always be something that you know that could be a potential agent quote on quote
20:53.901 --> 20:55.121
[SPEAKER_02]: on the assistance side.
20:55.161 --> 21:03.244
[SPEAKER_02]: I've heard women using, you know, the agents to check their emails, like me talking like key things, basic things, but that actually make a difference.
21:03.764 --> 21:13.947
[SPEAKER_02]: You know, I don't know what you've seen on that end, but I think sometimes even just the household, right, taking the tasks off of, I've heard someone creating an agent for their personal man, like a manager of the house.
21:14.447 --> 21:15.467
[SPEAKER_02]: I say, that's really smart.
21:16.027 --> 21:16.727
[SPEAKER_02]: It's really brilliant.
21:16.848 --> 21:17.688
[SPEAKER_02]: So yeah, I wasn't sure.
21:17.748 --> 21:21.789
[SPEAKER_02]: You have, you've seen that, especially for for busy women who are doing a lot of things.
21:22.550 --> 21:28.295
[SPEAKER_03]: I use superhuman now for email, which is my favorite tool for that.
21:28.916 --> 21:39.345
[SPEAKER_03]: I don't use any of the note takers, but I've had people who find that really really helpful because you can then make it as introproble as you want with the rest of your workflows, right?
21:39.405 --> 21:44.150
[SPEAKER_03]: So you're having the conversation, but you can then automate some of the follow-up as well and things like this.
21:45.031 --> 21:45.831
[SPEAKER_03]: I would just say like,
21:47.363 --> 21:52.745
[SPEAKER_03]: think to yourself, where do I have the least joy from what I do on a day-to-day?
21:52.965 --> 21:53.145
[SPEAKER_03]: Yep.
21:53.525 --> 21:55.626
[SPEAKER_03]: What really just is a slog?
21:55.766 --> 22:05.689
[SPEAKER_03]: And every time I sit down to you, I'm drained of my beautiful, joyful, vibrant energy that especially we women have access to in spades.
22:06.529 --> 22:08.191
[SPEAKER_03]: and what's also taking the most time.
22:08.891 --> 22:18.281
[SPEAKER_03]: And then I promise you there's some tool or solution for it, or if there isn't, there's a way you can pretty easily architect something for yourself.
22:18.301 --> 22:19.382
[SPEAKER_03]: That's very fit for purpose.
22:19.862 --> 22:26.148
[SPEAKER_03]: And that's really like AI as a democratizer, where as a equalizer and getting people back agency.
22:27.089 --> 22:28.150
[SPEAKER_03]: that's a real potential of it.
22:28.310 --> 22:35.037
[SPEAKER_03]: And like even outside of the people listening to this, I do a lot of increasing, increasing work in emerging markets.
22:35.978 --> 22:48.170
[SPEAKER_03]: And this technology in the hands of those people allows unprecedented access to financial inclusion and pathways to education, knowledge at your fingertips to
22:49.031 --> 22:58.022
[SPEAKER_03]: And for them, to like, you can have $0.00 in your bank account of phone access to the internet and you can build something or launch something or share an idea that reaches the world.
22:58.082 --> 23:03.689
[SPEAKER_03]: Like, you know, it's really powerful in the hands of people using it for good.
23:04.533 --> 23:13.159
[SPEAKER_02]: that's the biggest thing that I hear, especially from like the older generation, my parents, I'll get into interesting conversations with them, and what are you using these tools for?
23:13.179 --> 23:16.661
[SPEAKER_02]: All right, and I think that's always something that helps cut through the noise.
23:17.342 --> 23:22.165
[SPEAKER_02]: I love the ideal you're saying about what brings in the least a manager, you know, day-to-day.
23:22.205 --> 23:23.526
[SPEAKER_02]: I think that really is important.
23:24.006 --> 23:26.748
[SPEAKER_02]: And you know, we always talk about building wealth on your own terms.
23:27.368 --> 23:29.609
[SPEAKER_02]: And that aligns with the lifestyle that you're creating.
23:29.709 --> 23:40.314
[SPEAKER_02]: Versus just, you know, more money from money sake or buying another property because you want to go to an event and tell people how many properties you own or whatever random reasons people talk about that kind of stuff.
23:40.594 --> 23:44.696
[SPEAKER_02]: That's not the women in our communities more about alignment with lifestyle and intentionality.
23:45.176 --> 23:56.268
[SPEAKER_02]: And so I love what you're saying because when we start to get intentional with our time and our resources and like what's bringing us joy and what's going to move us towards building the portfolio that we want on our own terms.
23:56.828 --> 24:03.415
[SPEAKER_02]: It gets very clear, like laser clear on, okay, what can I needle like go of and then finding a tool?
24:03.715 --> 24:06.458
[SPEAKER_02]: The superhuman tool is that like a software?
24:06.518 --> 24:06.879
[SPEAKER_02]: What is that?
24:06.899 --> 24:07.840
[SPEAKER_02]: I'm not familiar with that.
24:08.400 --> 24:12.742
[SPEAKER_03]: It plugs into email and it works that you know outlook or Gmail or anything that you have.
24:13.582 --> 24:33.189
[SPEAKER_03]: And it is just a smarter email solution, it can draft emails for you, it can help you like with a click of one button, you can ask for a email to be resurfaced later for it to, you know, it's just, it's helpful in categorizing, especially if you have many streams and of things that you do, which you're, we are mentioning these listeners do.
24:33.984 --> 24:40.070
[SPEAKER_03]: By the way, I wanted to just make one point on this like joy thing, but I really think- The big one, right?
24:40.150 --> 24:40.691
[SPEAKER_02]: It's a big one.
24:40.711 --> 24:41.732
[SPEAKER_02]: That's who we're all after.
24:41.792 --> 24:42.713
[SPEAKER_02]: At the end of the day, right?
24:42.733 --> 24:43.634
[SPEAKER_02]: Why do we want to build wealth?
24:43.654 --> 24:45.576
[SPEAKER_02]: What do we want to take control of our financial future?
24:45.596 --> 24:46.036
[SPEAKER_02]: Why do we?
24:46.436 --> 24:47.858
[SPEAKER_02]: Why is it investor exists, right?
24:47.978 --> 24:52.522
[SPEAKER_02]: Ultimately, it's to create more joy in people's lives so they can live life on their own terms.
24:52.542 --> 24:54.584
[SPEAKER_02]: So this is super relevant, so please.
24:55.265 --> 25:08.090
[SPEAKER_03]: And also, but women, right, stewarding money is such, I mean, this, it's wild to think I was in the 50s that you could even you were allowed to like have a credit card or a state, you know, so it's only a cat.
25:08.110 --> 25:09.291
[SPEAKER_02]: You couldn't open a bank account.
25:09.311 --> 25:15.413
[SPEAKER_02]: I'm almost certain in 1978, which is the, I'm going to show my age now that you thought I was born.
25:15.833 --> 25:22.156
[SPEAKER_02]: There was the, you know, there was moments and in recent history where we couldn't do things, obviously, that then could be
25:22.978 --> 25:44.789
[SPEAKER_03]: Yeah, so it's really like the past 50 years that just but women are such natural money managers and actually like again because I talk a lot about the areas of human life on earth, but when we lived more tribally it was tip it was the role of women to manage and distribute resources and resources didn't mean money, then we'll not in the same way that does today.
25:45.469 --> 26:04.922
[SPEAKER_03]: But the men went out and hunted and gathered, well, often men and brought those resources back and the women and the elders distributed it also, you know, monks with the children and so this is such a natural role for women that we're now stepping back into and I do think we should decide how we want to steward money and investments in future.
26:04.942 --> 26:06.883
[SPEAKER_03]: It doesn't need to look the way it has looked
26:14.088 --> 26:32.725
[SPEAKER_03]: And I'm also so convicted that in flowing capital to more conscious ends and doing it in a different way that feels just like alive and human and soulful and brings those qualities back into the money equation, which it's devoid of in many ways.
26:33.185 --> 26:41.713
[SPEAKER_03]: So anyway, I just wanted to say that and I love that your body, women listening are all like money-managing rock stars.
26:42.353 --> 26:48.479
[SPEAKER_02]: Yeah, and I think we've mentioned that on different podcast different opportunities, but there's an enormous wealth transfer, right?
26:48.499 --> 26:54.184
[SPEAKER_02]: That's happening due to the fact that the baby boomers were the wealthiest generation and they're passing their wealth down.
26:54.384 --> 26:55.846
[SPEAKER_02]: So there's a lot of
26:57.020 --> 27:06.070
[SPEAKER_02]: interesting parts of this culture that we're going to be going through the transfer of wealth, homework, a hundred trillion dollars, and the majority of it is going in the hands of women, specifically.
27:06.650 --> 27:14.859
[SPEAKER_02]: And so it's fascinating then you start to think about how quickly AI is moving, and all these different elements that are happening that are just happening, right?
27:15.139 --> 27:16.781
[SPEAKER_02]: They're happening, and it's okay.
27:16.841 --> 27:17.401
[SPEAKER_02]: How do you
27:18.022 --> 27:23.127
[SPEAKER_02]: I navigate this, cut through the noise to our original point, and start to just really get basic.
27:23.467 --> 27:25.249
[SPEAKER_02]: What is that bringing me joy?
27:25.549 --> 27:27.892
[SPEAKER_02]: What is going to help me grow my portfolio on my own terms?
27:28.512 --> 27:29.513
[SPEAKER_02]: What is draining me?
27:29.774 --> 27:30.975
[SPEAKER_02]: Let's start there, right?
27:31.015 --> 27:33.537
[SPEAKER_02]: And I think that is such a great advice.
27:35.319 --> 27:36.579
[SPEAKER_02]: it's really the next step.
27:36.659 --> 27:40.481
[SPEAKER_02]: So I love that we discussed that and then it's okay, what's going to help me there?
27:40.501 --> 27:41.202
[SPEAKER_02]: It's superhuman.
27:41.622 --> 27:42.803
[SPEAKER_02]: I think it's my biggest takeaway.
27:42.823 --> 27:44.924
[SPEAKER_02]: I'm pretty funny.
27:45.084 --> 27:46.845
[SPEAKER_02]: I'm gonna put that on my email like today.
27:46.865 --> 27:50.407
[SPEAKER_03]: Yeah Warren, so I didn't come prepared with a list.
27:50.487 --> 27:55.270
[SPEAKER_03]: I should have, you know, reminded myself what my whole stock is that I use costs everything.
27:55.290 --> 28:00.933
[SPEAKER_03]: And then when we could get that in the show notes, if that's something that's something easy to get along and think that we would love that.
28:01.593 --> 28:03.953
[SPEAKER_02]: Tullula, where can everyone listening learn more about you?
28:04.053 --> 28:06.734
[SPEAKER_02]: Follow you along on your journey and connect with you further.
28:08.214 --> 28:27.758
[SPEAKER_03]: So my website, tullulalimeral.com has a lot of information both on the invest side of what I do, but also the broader the case for Hope platform, which is sort of a series of talks that and conferences I've spoken at now becoming podcasts and I launched on socials recently, also under the case for Hope.
28:28.458 --> 28:48.145
[SPEAKER_03]: and there's a book in the works which is all about it's just meeting the moment of fear and uncertainty we're in and cutting through the noise with nuance on any given front like AI's taking jobs, disruption to specific industries that it's making us less intelligent, concerns over its environmental impact and the hands about actors like really spans the whole gamut.
28:48.345 --> 28:53.027
[SPEAKER_03]: So I'd say the website's starting point and of course you can always connect with me on LinkedIn too.
28:53.359 --> 28:53.639
[SPEAKER_02]: Love it.
28:53.659 --> 29:01.403
[SPEAKER_02]: Till the day, thank you so much for being on and for everyone listening, do something with what you've got today and take some action and thanks for being here.
00:00.451 --> 00:15.559
[SPEAKER_02]: AI is moving fast, and for a lot of women investors, it can feel like one more thing you're supposed to learn master and somehow keep up with while you are already managing deals decisions and growth, and that is where the overwhelmed begins.
00:16.237 --> 00:29.344
[SPEAKER_02]: Because the real question is, not how do I become an AI expert, the real question is, how do I use AI in a way that actually I'll think it might time back, make better decisions, and stay focused on what matters most.
00:29.804 --> 00:38.749
[SPEAKER_02]: Today I'm joined by Talua Limerall, an AI investment strategist whose work focuses on where technology, innovation, and the future investing are headed.
00:39.149 --> 00:44.412
[SPEAKER_02]: In this conversation we talk about cutting through the fear and the noise around AI, the tools you can start using
00:44.672 --> 00:55.754
[SPEAKER_02]: Today, and how AI can help you spend less time buried in tasks and more time focused on the strategic work to move your business your investing in life forward.
00:56.174 --> 00:56.654
[SPEAKER_02]: Let's begin.
00:59.255 --> 01:01.775
[SPEAKER_01]: Welcome to the real estate invest her podcast.
01:02.535 --> 01:07.196
[SPEAKER_01]: A top 1% show helping women achieve financial freedom by investing in real estate.
01:07.816 --> 01:10.897
[SPEAKER_01]: And now, your host, Liz Faircloth and Andressa Gidelli.
01:12.077 --> 01:14.318
[SPEAKER_02]: to AI's moving fast, as I said.
01:14.478 --> 01:20.080
[SPEAKER_02]: And I want to understand from you, what are you seeing investors getting wrong right now with AI?
01:21.040 --> 01:23.801
[SPEAKER_03]: Ooh, okay, we're jumping in and straight with what they're getting wrong.
01:23.981 --> 01:25.421
[SPEAKER_03]: Yep, let's go right there.
01:26.762 --> 01:28.683
[SPEAKER_03]: I think, you know, it's true.
01:28.703 --> 01:35.145
[SPEAKER_03]: We've been in a really fast-paced, noisy, enthusiastic moment since.
01:36.165 --> 01:39.527
[SPEAKER_03]: end of kind of 2022 and GPT 3.5 came out.
01:39.567 --> 01:42.089
[SPEAKER_03]: That was sort of like the coming of age for AI, right?
01:42.109 --> 01:57.778
[SPEAKER_03]: I mean, just for this technology has been around since the 50s, it's had many different iterations, versions, it's kind of as old as the internet in many ways, but it's really come of age in terms of our compute capability and thus the power of this technology in the past few years.
01:58.478 --> 02:06.066
[SPEAKER_03]: So as a result, very noisy and huge amount of capital flooding into the space, which I think is no surprise to anyone.
02:06.227 --> 02:15.016
[SPEAKER_03]: We're hearing about valuations of companies, you know, like seed rounds going for a billion or, you know, these things are just sort of unheard of from the investor lens.
02:15.917 --> 02:18.259
[SPEAKER_03]: And I think, yeah, when you ask, where do they getting wrong?
02:18.459 --> 02:20.680
[SPEAKER_03]: There's so many angles to answer from.
02:21.541 --> 02:26.405
[SPEAKER_03]: But I think accelerationism in this moment is not necessarily a good thing.
02:26.425 --> 02:31.528
[SPEAKER_03]: Because the other flip side of the AI equation right aside for all the noise we hear is a lot of fear.
02:32.109 --> 02:35.631
[SPEAKER_03]: Yeah, and a lot of uncertainty for very valid reasons.
02:35.851 --> 02:39.194
[SPEAKER_03]: I mean, this is the most powerful innovation we've ever developed as a species.
02:39.994 --> 03:03.733
[SPEAKER_03]: there's a huge amount of risks if we develop it wrong and therefore if we fund the wrong things that aren't considering the ethics, data privacy, safety, security, right, all these things and so the noise and the hype and the excitement and the frothingness has meant it's harder to be discerning and many investors haven't been because they just want
03:08.582 --> 03:32.017
[SPEAKER_02]: Yeah, now that is really fascinating what you're saying because I think there's like these such level of like fear and uncertainty and it's not just like a five out of ten, but it's like strong emotion around that and then on the flip side, you have people utilizing it as well as investing certainly as you've worked with, but utilizing it and that's the the women that are listening right now is like, okay, how do I cut through the noise just as a user.
03:32.437 --> 03:32.657
[SPEAKER_02]: Right?
03:32.917 --> 03:39.619
[SPEAKER_02]: How do I know the best way to utilize this as a, you know, the listening right now are real estate investors.
03:39.659 --> 03:40.680
[SPEAKER_02]: Some of them are developers.
03:40.720 --> 03:42.980
[SPEAKER_02]: Some of them are, you know, into multi-fimly.
03:43.000 --> 03:48.282
[SPEAKER_02]: Regardless of the strategy, regardless of the niche, we're all asking those questions as business leaders, as entrepreneurs.
03:49.322 --> 03:52.463
[SPEAKER_02]: Where should be spending my time in utilizing this?
03:52.763 --> 03:54.104
[SPEAKER_02]: And where should I not?
03:54.744 --> 03:57.525
[SPEAKER_02]: So how do you unpack that for folks that are using it?
03:57.605 --> 04:04.368
[SPEAKER_02]: But might be dabbling and they really want to be efficient, but also they want to make sure they're not listening to something that's not accurate.
04:05.268 --> 04:05.868
[SPEAKER_03]: Well, yeah.
04:06.568 --> 04:14.531
[SPEAKER_03]: I mean, this is sort of the issue of the moment because I think the biggest lack of trust is in some of the big incumbents right now in the space, right?
04:14.631 --> 04:20.754
[SPEAKER_03]: Like foundation model players where there's been a lot of news coverage or even of the leaders of those companies, right?
04:21.554 --> 04:24.216
[SPEAKER_03]: And as individual use, that's what people mostly know, right?
04:24.236 --> 04:28.118
[SPEAKER_03]: Like some people, they've used chatGBG, for example, or a lot, or whatever it is.
04:28.538 --> 04:33.782
[SPEAKER_03]: Or maybe in a corporate context they're using Google Gem or co-pilot or something that their corporates embedded.
04:34.222 --> 04:36.624
[SPEAKER_03]: So that's mostly how they're touching this technology.
04:36.864 --> 04:38.805
[SPEAKER_03]: It's through almost like the chatbot interface.
04:39.625 --> 04:41.226
[SPEAKER_03]: And there, of course, I mean, there's
04:42.247 --> 04:49.149
[SPEAKER_03]: Productivity and efficiency people now you have people saying like, well, I don't want a productive efficient life I'm not like this thing to be optimized.
04:49.189 --> 04:50.329
[SPEAKER_03]: I want a human life.
04:50.429 --> 05:11.914
[SPEAKER_03]: I want, but the truth of the matter is so many of the ways that we work today And I'm sure anyone listening resonates with this is like Very dystopian and that we spend so much time on screens doing these tasks and things that like don't really dignify our human experience And so if we now have a tool that can take some of that away like what is it free us up to do?
05:12.834 --> 05:28.620
[SPEAKER_03]: And so, I think like, you know, feel empowered to get back your time, to spend with, you know, family or to, or to put back into your business or to be scouting for new, interesting savvy investments or whatever it is, that's the benefit of this technology now.
05:29.340 --> 05:32.021
[SPEAKER_03]: I would say, use it where, really, though, right?
05:32.202 --> 05:38.224
[SPEAKER_03]: Be discerning about what type of data you're sharing, because it's not really secure or safe yet.
05:38.964 --> 05:43.827
[SPEAKER_03]: You know, it's same as internet in early days, and still internet isn't the safest place to be, right?
05:43.907 --> 05:49.051
[SPEAKER_03]: Safety and security always, if you'll take time to catch up, they lag behind innovation unfortunately.
05:49.111 --> 05:53.273
[SPEAKER_03]: We just get so excited and put the, yeah, carbon or the horse and love that.
05:53.453 --> 05:55.295
[SPEAKER_02]: The one area that I see a lot of,
05:56.075 --> 06:04.619
[SPEAKER_02]: A lot of women investors, real estate investors struggling with and that I've been hearing more and more people using it this way is on the financial side, right?
06:04.679 --> 06:10.281
[SPEAKER_02]: So I might have five to ten properties and I need to, you know, I've been doing all the bookkeeping myself.
06:10.461 --> 06:14.342
[SPEAKER_02]: So I've either, I can have hired a bookkeeper or I'm doing the bookkeeping.
06:14.863 --> 06:20.525
[SPEAKER_02]: But you know, you and I would agree that having a pulse on your properties, what's working, what's not and everything matters, right?
06:20.565 --> 06:22.566
[SPEAKER_02]: Especially in real estate as an asset class.
06:23.710 --> 06:25.210
[SPEAKER_02]: Let's take one step further.
06:25.350 --> 06:26.331
[SPEAKER_02]: Okay, I know all that.
06:26.511 --> 06:27.211
[SPEAKER_02]: I get all that now.
06:27.291 --> 06:35.033
[SPEAKER_02]: I'm going to utilize Clot or CHATGDP, and I'm going to upload all my financials inside to give me say an analysis, okay?
06:35.253 --> 06:37.154
[SPEAKER_02]: How do I reduce my expenses on a property?
06:37.194 --> 06:42.455
[SPEAKER_02]: How do I increase income based on the other rental projections that are in that market?
06:43.035 --> 06:46.376
[SPEAKER_02]: Is that a safe way to utilize this technology?
06:46.816 --> 06:49.457
[SPEAKER_02]: In that scenario, I'm curious to get your thoughts.
06:50.155 --> 06:50.656
[SPEAKER_03]: Yeah.
06:51.056 --> 06:55.261
[SPEAKER_02]: I mean, I'd have to know specifically what is in that data that's being uploaded.
06:55.761 --> 07:01.968
[SPEAKER_02]: Like a P&L, P&L, balance sheets, things that I can download from our quickbooks if you will.
07:02.028 --> 07:05.432
[SPEAKER_02]: That's what our rental management software, if you will.
07:06.160 --> 07:08.901
[SPEAKER_03]: Yeah, I would look into that as an individual.
07:09.121 --> 07:14.102
[SPEAKER_03]: And I think it will very case by case you're operating truly as an individual or on behalf of an entity, right?
07:14.122 --> 07:14.222
[SPEAKER_03]: Sure.
07:14.242 --> 07:18.143
[SPEAKER_03]: Like, obviously, my asset management firm, for example, where we're in RIA.
07:18.183 --> 07:21.323
[SPEAKER_03]: So there's pretty much nothing that I can share with the public platform.
07:21.343 --> 07:23.144
[SPEAKER_03]: I mean, these are public platforms, right?
07:23.164 --> 07:30.445
[SPEAKER_03]: It would be like, whatever you type into Google as a search that can be pulled up later, if needed.
07:30.525 --> 07:31.966
[SPEAKER_03]: This is kind of the same as that.
07:32.066 --> 07:33.146
[SPEAKER_03]: So I would think of it that way.
07:33.906 --> 07:47.119
[SPEAKER_03]: But what I would say, unfortunately, I wish I could give like specific examples of like tools that are available for investors, but there will be, you know, application layer AI software tooling that is sitting on top of an LLM.
07:47.139 --> 07:52.464
[SPEAKER_03]: So it's not clawed or chat GPT, but it's making use of that use of that foundation model.
07:53.185 --> 07:59.788
[SPEAKER_03]: then adding, you know, guardrails and other safety measures on top so that users can use it more safely.
08:00.448 --> 08:04.929
[SPEAKER_03]: So there should be things like that popping up and, yeah, it's a shame I can't point to someone.
08:04.949 --> 08:13.573
[SPEAKER_02]: Yeah, no, the safety part I think is a really important one because I think people are just utilizing the software and creating bots and doing all these different things.
08:14.113 --> 08:19.535
[SPEAKER_02]: And in the same vein, you know, there's this lack of, did I verify this information?
08:19.635 --> 08:21.156
[SPEAKER_02]: And I think there is a level of
08:22.196 --> 08:23.977
[SPEAKER_02]: people not verifying what they're getting.
08:24.658 --> 08:28.240
[SPEAKER_02]: And it's just like, okay, that's really important in this day and age.
08:28.280 --> 08:32.944
[SPEAKER_02]: And so for folks utilizing it for a variety of reasons, especially if like market analysis, right?
08:33.264 --> 08:35.886
[SPEAKER_02]: Analyzing a market if I should buy a property there.
08:35.906 --> 08:45.112
[SPEAKER_02]: I want to buy a property out of state, done with the California market, which I know a lot of women in our community are in the California market get very frustrated with the prices and such.
08:45.453 --> 08:46.694
[SPEAKER_02]: And they're looking at Cleveland, Ohio.
08:46.714 --> 08:48.235
[SPEAKER_02]: They're looking at another state, another city.
08:48.935 --> 08:59.228
[SPEAKER_02]: What would you say to them of like how did they cut through the noise to ensure what they're getting is accurate and how can they verify or utilize these tools to verify what they're actually getting and trust what they're getting?
09:00.370 --> 09:00.710
[SPEAKER_03]: Yeah.
09:01.290 --> 09:05.572
[SPEAKER_03]: Well, again, look for specific tooling that does this type of thing.
09:05.632 --> 09:11.394
[SPEAKER_03]: But if you're using the broad base, sort of out of the end for this, that's still on us for now, right?
09:11.414 --> 09:15.816
[SPEAKER_03]: Like the model is not going to flag when it might be biased when it might be inaccurate.
09:16.676 --> 09:17.597
[SPEAKER_03]: We have to do that.
09:17.617 --> 09:18.977
[SPEAKER_03]: And probably people have seen this, right?
09:18.997 --> 09:19.838
[SPEAKER_03]: Like you might ask,
09:20.738 --> 09:35.502
[SPEAKER_03]: for a specific answer to something and then it doesn't seem right and you say that doesn't seem right can you double check it and it's like your right oops I kind of made that up right yeah absolutely and you're gonna put on I catch you to be doing that all the time like that doesn't sound right no exactly
09:35.722 --> 09:47.968
[SPEAKER_03]: And I think there will be more built-in to be transparent around where there's possible errors or bias in the answer it's giving you, but right now that internal science track is still on us.
09:48.569 --> 09:54.172
[SPEAKER_03]: And that, yeah, anyway, there's a lot more I could say about floating cognition in the fears around that and our intelligence.
09:54.232 --> 09:57.494
[SPEAKER_03]: But I think for the purposes of your specific question, that's what I say.
09:58.554 --> 10:05.542
[SPEAKER_02]: We constantly are telling, you know, our community and the women in it because, you know, they're asking, you know, different questions and utilizing it in different levels, right?
10:06.062 --> 10:07.944
[SPEAKER_02]: And it's like, okay, I could trust but verify.
10:08.485 --> 10:14.652
[SPEAKER_02]: So I can certainly utilize it to a certain point, but then you cannot replace like that human connection.
10:15.012 --> 10:19.774
[SPEAKER_02]: And I did reconciling that even in my own head of, okay, how far do you use AI?
10:20.234 --> 10:27.536
[SPEAKER_02]: And then at what point do you want to ensure the information you're getting is accurate with an actual human being who knows that particular market?
10:27.936 --> 10:32.978
[SPEAKER_02]: That real estate broker that has literally sold 100 properties in market A.
10:32.998 --> 10:36.319
[SPEAKER_02]: Well, I would have run this by them because they have the experience, right?
10:36.879 --> 10:38.599
[SPEAKER_02]: And I think people are on different extremes.
10:39.140 --> 10:40.840
[SPEAKER_02]: And I think both can exist together.
10:40.880 --> 10:42.501
[SPEAKER_02]: Like you were saying, it's like this,
10:43.922 --> 10:44.923
[SPEAKER_02]: with the human connection.
10:44.943 --> 10:46.364
[SPEAKER_02]: That's why we believe in community.
10:46.404 --> 10:47.966
[SPEAKER_02]: That's why we haven't invested her community.
10:48.366 --> 10:51.610
[SPEAKER_02]: So I don't think AI is going to replace community.
10:52.111 --> 10:54.834
[SPEAKER_02]: I don't have a crystal ball, but I don't think so.
10:55.014 --> 10:58.978
[SPEAKER_02]: And for the very reasons I'm we're saying right now, what are your perception of that?
10:59.078 --> 11:02.883
[SPEAKER_02]: Where is community relationships play into all of this?
11:03.776 --> 11:22.877
[SPEAKER_03]: Oh, I, yeah, this is kind of now the crux of the type of work that I, well, aside from my investor hot, but I actually believe, well, my conviction is that this technology has a potential to restore us and reconnect us with more deeply human ways of being really, and when I say that people go, what?
11:23.197 --> 11:24.098
[SPEAKER_03]: Yeah, tell me more.
11:24.118 --> 11:27.760
[SPEAKER_03]: Yeah, I, it comes back to, I sort of hinted at it.
11:28.260 --> 11:34.144
[SPEAKER_03]: So much of the way we work live in track today is relatively dystopian.
11:34.244 --> 11:38.287
[SPEAKER_03]: And I only use that term because people keep talking about a future dystopia that they're afraid of.
11:38.747 --> 11:40.848
[SPEAKER_03]: And I say like, look around how we live.
11:41.309 --> 11:43.410
[SPEAKER_03]: It like, we spend so much time on screens.
11:43.450 --> 11:44.631
[SPEAKER_03]: We're very sedentary.
11:45.071 --> 11:51.035
[SPEAKER_03]: Our children spend a lot, they spend nine times more time on screens than outdoors in nature at this point.
11:51.595 --> 11:57.260
[SPEAKER_03]: You know, we're so, and we have a crisis of loneliness and anxiety and to like all these figures, right?
11:57.820 --> 12:09.590
[SPEAKER_03]: So, there's a lot of, we have lost our connection already, both to ourselves, our physical bodies, because of the way we live our lives, met many of us, to nature for sure.
12:09.750 --> 12:15.615
[SPEAKER_03]: I mean, never in the arc of human history have we ever spent less time outside.
12:15.635 --> 12:19.859
[SPEAKER_03]: Actually, you know, there's this concept of the, the biggest migration of our lifetime is indoors.
12:21.404 --> 12:36.715
[SPEAKER_03]: and community, to the point you mentioned, you know, we don't have that we used to be tribal, then we, you know, even when we were agrarians, we lived in small community, you know, and now we're global, and we have a lot of individualism, and there's benefits to that, but we've lost community.
12:37.355 --> 12:41.498
[SPEAKER_03]: So then you're like, okay, but how the heck would AI not just make all of this worse?
12:41.838 --> 12:44.120
[SPEAKER_03]: And there's so much I could say about that, but I'm trying to say, like, the
12:47.342 --> 12:50.224
[SPEAKER_03]: It arrives as is great disruptor to everything we do.
12:50.244 --> 12:57.889
[SPEAKER_03]: It's going to disrupt work, it's going to disrupt how we interact, it's, and it also makes cognition no longer scarce.
12:58.370 --> 13:01.052
[SPEAKER_03]: You know, it's a tool that can do what our brains can do better than us.
13:02.433 --> 13:05.175
[SPEAKER_03]: So it gives us as existential crisis of like, what is a human?
13:06.573 --> 13:26.247
[SPEAKER_03]: Now, and actually what comes at a premium in the future we're moving into, and there's a lot of talk about this, is other forms of human intelligence, which are ecological intelligence, are somatic intelligence, are communal intelligence, and things like empathy, intuition, things that were soft skills before our relational abilities aren't EQ.
13:27.308 --> 13:42.616
[SPEAKER_03]: these things all it's you know it's in the web future of work report you can look at it everywhere these things come at a premium or creativity or imagination or adaptability or resilience not our rigorous data driven problem-solving fine which is kind of global for today
13:43.116 --> 13:51.784
[SPEAKER_03]: So, and even in saying that it still sounds fluffy, it's like I really could, but I don't want to talk too long unless you, you know, I'll let you ask further questions if you haven't.
13:51.824 --> 13:53.105
[SPEAKER_03]: Yeah, no, please keep going.
13:53.145 --> 13:54.546
[SPEAKER_02]: Please, you have finished your thought, please.
13:55.107 --> 13:56.107
[SPEAKER_02]: Well, so there's that.
13:56.167 --> 13:58.409
[SPEAKER_03]: These are the things that come at a premium in the future.
13:59.250 --> 14:12.580
[SPEAKER_03]: But they're, yeah, they're what remain uniquely human, and so we have this opportunity to remember and return to these forms of intelligence, these ways of being that we've gotten very out of touch with, which are deeply human.
14:13.361 --> 14:22.068
[SPEAKER_03]: I'll take one another one, concrete one, people worry AI, they look at AI and they think of it just more tech, and so it will create more of the problems tech has created.
14:22.188 --> 14:24.810
[SPEAKER_03]: I being on our screens all the time being disconnected from one
14:28.248 --> 14:47.703
[SPEAKER_03]: actually one of the promises of AI is to use the internet on our behalf in future and you already have the first AI, AI first mobile devices, where we basically, right now, you know, we go on our phone, so we want to book a flight, we go into an app, you want to buy a property, we're going in some, you know, we're looking up a little bit.
14:47.723 --> 14:48.703
[SPEAKER_02]: Yeah, you go on Zillow.
14:48.883 --> 14:49.024
[SPEAKER_02]: Yep.
14:49.364 --> 14:51.005
[SPEAKER_03]: Yeah, yeah, I'm trying to relevant one.
14:51.025 --> 14:51.686
[SPEAKER_03]: Yeah, audience.
14:52.506 --> 15:07.956
[SPEAKER_03]: And we're looking it up and we're scrolling and then we got to click and find the person to call and call and then there's, you know, So in future and we're not there yet, maybe take a little bit of time, but you should be able to just talk to a personalized agent, which is on device.
15:07.996 --> 15:11.979
[SPEAKER_03]: And on device on premise, private AI is massive.
15:13.110 --> 15:13.430
[SPEAKER_03]: that's coming.
15:13.450 --> 15:31.598
[SPEAKER_03]: Anyways, you talk to it and it will go then use Zillow for you, browse it, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,
15:31.658 --> 15:32.479
[SPEAKER_03]: That's one example.
15:32.539 --> 15:38.525
[SPEAKER_03]: There's a huge amount of model infrastructure now being built to allow this, to allow AI to use internet on our behalf.
15:39.226 --> 15:49.998
[SPEAKER_03]: And when you think about how much time we are in screens now doing that, you know, bog work that again doesn't dignify our human experience, that would have the potential to keep us in the real world.
15:50.198 --> 15:53.561
[SPEAKER_03]: You know, I'm saying a few things here and then I'm back here with you.
15:54.602 --> 15:57.803
[SPEAKER_02]: You've heard us say before, real estate is a relationship business.
15:58.243 --> 16:02.844
[SPEAKER_02]: And one of the most powerful ways to build those relationships is through meaningful conversations.
16:03.284 --> 16:05.405
[SPEAKER_02]: That's one of the reasons we love podcasting.
16:05.785 --> 16:12.787
[SPEAKER_02]: It's allowed us to connect with incredible women, build deeper relationships, and open doors to opportunities we never expected.
16:13.667 --> 16:18.133
[SPEAKER_02]: But to keep the show running consistently at a high level, we don't do it alone.
16:18.473 --> 16:30.267
[SPEAKER_02]: We've been an amazing team behind us at social chameleon who handles all the behind-the-scenes work, the production, the content, and distribution so we can stay focused on serving you and growing at business.
16:30.868 --> 16:37.210
[SPEAKER_02]: So if you've ever thought about starting your own podcast or taking it to the next level, they can help you do the same.
16:37.650 --> 16:41.791
[SPEAKER_02]: With social chameleon, you press record and they handle the rest.
16:42.271 --> 16:45.292
[SPEAKER_02]: Check them out at socialchameleon.us.
16:45.412 --> 16:46.913
[SPEAKER_02]: That's socialchameleon.us.
16:49.434 --> 17:02.764
[SPEAKER_02]: the concept of that it's not just more tech which I often would think and I've spoken to people about it actually can create more, get people back to their what skills make us uniquely human.
17:02.784 --> 17:10.430
[SPEAKER_02]: I think it's really fascinating point and I think that actually is irrelevant right now and it makes me feel hopeful
17:10.930 --> 17:14.431
[SPEAKER_02]: And I think that would make a lot of people feel hopeful because there is a lot of fear.
17:14.551 --> 17:18.912
[SPEAKER_02]: It's literally just going to replace every human being doing every different job.
17:19.332 --> 17:27.575
[SPEAKER_02]: I saw a Facebook post or a Facebook ad just saying, okay, before your kiddos might my son's only 12, but before your kiddos go off to college.
17:28.395 --> 17:35.759
[SPEAKER_02]: make sure they know what they should be majoring in if they're even with their majoring in is going to be completely replaced by AI.
17:35.779 --> 17:44.543
[SPEAKER_02]: So there's so many layers of this right from kids going to college to to obviously the corporate world to entrepreneurs to how we do day-to-day life.
17:45.123 --> 17:46.524
[SPEAKER_02]: I really appreciate what you're saying.
17:46.564 --> 17:48.545
[SPEAKER_02]: I do think that brings an element to all this.
17:49.226 --> 17:54.610
[SPEAKER_02]: As we navigate, how do we use these tools to advance our businesses and to take things off of our plate?
17:54.690 --> 17:58.172
[SPEAKER_02]: So let's talk about that in terms of like taking things off of our plate.
17:58.232 --> 18:07.538
[SPEAKER_02]: So many of the women listening in our community and their biggest challenge is they're usually doing, as an entrepreneur, right, small business owner and property owner.
18:07.558 --> 18:13.943
[SPEAKER_02]: They're doing this full-time part-time, but they're doing the jobs of many, right, they're doing the jobs of many and like many small business owners.
18:15.056 --> 18:23.740
[SPEAKER_02]: But more so, if they're doing this part time because they may not have a full time employee running their portfolio for them because they're maybe self-managing or even not self-managing.
18:23.760 --> 18:24.860
[SPEAKER_02]: There's an element of all this.
18:24.960 --> 18:30.223
[SPEAKER_02]: So, the biggest challenge, the biggest frustration, is they need to start firing themselves.
18:30.843 --> 18:31.884
[SPEAKER_02]: from different tasks, right?
18:31.904 --> 18:35.846
[SPEAKER_02]: What's the $20 task to the $200 test, to the $1,000 task, right?
18:35.886 --> 18:37.668
[SPEAKER_02]: What where should they be spending their energy in time?
18:38.088 --> 18:39.289
[SPEAKER_02]: And that's something that women work through.
18:39.709 --> 18:42.871
[SPEAKER_02]: So knowing that, that could be a challenge of them.
18:42.971 --> 18:46.614
[SPEAKER_02]: I know that the idea of these agents is something that's coming up more and more.
18:46.634 --> 18:48.215
[SPEAKER_02]: And it's not that I've built all these agents.
18:48.255 --> 18:49.596
[SPEAKER_02]: And I've robusted it all.
18:49.636 --> 18:51.337
[SPEAKER_02]: It's something that's on my horizon.
18:51.737 --> 18:54.299
[SPEAKER_02]: But would you tell women who are exploring that, right?
18:54.319 --> 18:56.700
[SPEAKER_02]: They want to get through, they want to go beyond using
18:59.062 --> 19:01.983
[SPEAKER_02]: to do some basic things that quite honestly my kids know how to do now.
19:02.123 --> 19:03.623
[SPEAKER_02]: My eight-year-old knows how to do.
19:04.263 --> 19:10.304
[SPEAKER_02]: How do they use it to build out the agents so they can free that time so they can get into what they do well.
19:10.324 --> 19:12.965
[SPEAKER_02]: Because I do think that's a huge opportunity right now.
19:13.785 --> 19:26.027
[SPEAKER_03]: Yeah and by the way it's when you said women having multiple roles or whatever I was like yeah even if they're not doing it like women are always having these multiple right as or
19:29.328 --> 19:46.147
[SPEAKER_03]: So yes, I mean, there, I think it was anthropic at one point that said that they anticipated by 2030, there would be the first single person unicorn company, as in, you know, the first company to get to a really dollar valuation where there was only one employee.
19:47.128 --> 19:58.798
[SPEAKER_03]: because so much now can be done, or you can build, train AI agents to do many, many tasks.
19:59.339 --> 20:02.361
[SPEAKER_03]: And the bars never been lower for individuals to do it either, as you're saying.
20:02.482 --> 20:08.146
[SPEAKER_03]: Because we do, I mean, there's like everything from vibe coding to tools, like, loveable, and others, which allow you to do.
20:09.053 --> 20:30.808
[SPEAKER_03]: to play around with that now to make it I'm trying to make it real estate specific continuously but like what are those what are the type of tasks that you think take up like when you're saying they're playing multiple roles yeah or are those sure I mean even just from a say acquiring new opportunities right some of these women have a portfolio and they're like okay I'd like to I'd like to buy a new property in a new market
20:31.388 --> 20:37.051
[SPEAKER_02]: There's a level of finding a new market based on job growth right there's a then there's okay This is the right market now.
20:37.111 --> 20:47.998
[SPEAKER_02]: I need to figure out with the right property for me The right asset class or what have you so it's just I think on the front end of finding opportunities at a line with their life style They're portfolio, etc.
20:48.698 --> 20:53.441
[SPEAKER_02]: I think will always be something that you know that could be a potential agent quote on quote
20:53.901 --> 20:55.121
[SPEAKER_02]: on the assistance side.
20:55.161 --> 21:03.244
[SPEAKER_02]: I've heard women using, you know, the agents to check their emails, like me talking like key things, basic things, but that actually make a difference.
21:03.764 --> 21:13.947
[SPEAKER_02]: You know, I don't know what you've seen on that end, but I think sometimes even just the household, right, taking the tasks off of, I've heard someone creating an agent for their personal man, like a manager of the house.
21:14.447 --> 21:15.467
[SPEAKER_02]: I say, that's really smart.
21:16.027 --> 21:16.727
[SPEAKER_02]: It's really brilliant.
21:16.848 --> 21:17.688
[SPEAKER_02]: So yeah, I wasn't sure.
21:17.748 --> 21:21.789
[SPEAKER_02]: You have, you've seen that, especially for for busy women who are doing a lot of things.
21:22.550 --> 21:28.295
[SPEAKER_03]: I use superhuman now for email, which is my favorite tool for that.
21:28.916 --> 21:39.345
[SPEAKER_03]: I don't use any of the note takers, but I've had people who find that really really helpful because you can then make it as introproble as you want with the rest of your workflows, right?
21:39.405 --> 21:44.150
[SPEAKER_03]: So you're having the conversation, but you can then automate some of the follow-up as well and things like this.
21:45.031 --> 21:45.831
[SPEAKER_03]: I would just say like,
21:47.363 --> 21:52.745
[SPEAKER_03]: think to yourself, where do I have the least joy from what I do on a day-to-day?
21:52.965 --> 21:53.145
[SPEAKER_03]: Yep.
21:53.525 --> 21:55.626
[SPEAKER_03]: What really just is a slog?
21:55.766 --> 22:05.689
[SPEAKER_03]: And every time I sit down to you, I'm drained of my beautiful, joyful, vibrant energy that especially we women have access to in spades.
22:06.529 --> 22:08.191
[SPEAKER_03]: and what's also taking the most time.
22:08.891 --> 22:18.281
[SPEAKER_03]: And then I promise you there's some tool or solution for it, or if there isn't, there's a way you can pretty easily architect something for yourself.
22:18.301 --> 22:19.382
[SPEAKER_03]: That's very fit for purpose.
22:19.862 --> 22:26.148
[SPEAKER_03]: And that's really like AI as a democratizer, where as a equalizer and getting people back agency.
22:27.089 --> 22:28.150
[SPEAKER_03]: that's a real potential of it.
22:28.310 --> 22:35.037
[SPEAKER_03]: And like even outside of the people listening to this, I do a lot of increasing, increasing work in emerging markets.
22:35.978 --> 22:48.170
[SPEAKER_03]: And this technology in the hands of those people allows unprecedented access to financial inclusion and pathways to education, knowledge at your fingertips to
22:49.031 --> 22:58.022
[SPEAKER_03]: And for them, to like, you can have $0.00 in your bank account of phone access to the internet and you can build something or launch something or share an idea that reaches the world.
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[SPEAKER_03]: Like, you know, it's really powerful in the hands of people using it for good.
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[SPEAKER_02]: that's the biggest thing that I hear, especially from like the older generation, my parents, I'll get into interesting conversations with them, and what are you using these tools for?
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[SPEAKER_02]: All right, and I think that's always something that helps cut through the noise.
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[SPEAKER_02]: I love the ideal you're saying about what brings in the least a manager, you know, day-to-day.
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[SPEAKER_02]: I think that really is important.
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[SPEAKER_02]: And you know, we always talk about building wealth on your own terms.
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[SPEAKER_02]: And that aligns with the lifestyle that you're creating.
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[SPEAKER_02]: Versus just, you know, more money from money sake or buying another property because you want to go to an event and tell people how many properties you own or whatever random reasons people talk about that kind of stuff.
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[SPEAKER_02]: That's not the women in our communities more about alignment with lifestyle and intentionality.
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[SPEAKER_02]: And so I love what you're saying because when we start to get intentional with our time and our resources and like what's bringing us joy and what's going to move us towards building the portfolio that we want on our own terms.
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[SPEAKER_02]: It gets very clear, like laser clear on, okay, what can I needle like go of and then finding a tool?
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[SPEAKER_02]: The superhuman tool is that like a software?
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[SPEAKER_02]: What is that?
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[SPEAKER_02]: I'm not familiar with that.
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[SPEAKER_03]: It plugs into email and it works that you know outlook or Gmail or anything that you have.
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[SPEAKER_03]: And it is just a smarter email solution, it can draft emails for you, it can help you like with a click of one button, you can ask for a email to be resurfaced later for it to, you know, it's just, it's helpful in categorizing, especially if you have many streams and of things that you do, which you're, we are mentioning these listeners do.
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[SPEAKER_03]: By the way, I wanted to just make one point on this like joy thing, but I really think- The big one, right?
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[SPEAKER_02]: It's a big one.
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[SPEAKER_02]: That's who we're all after.
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[SPEAKER_02]: At the end of the day, right?
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[SPEAKER_02]: Why do we want to build wealth?
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[SPEAKER_02]: What do we want to take control of our financial future?
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[SPEAKER_02]: Why do we?
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[SPEAKER_02]: Why is it investor exists, right?
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[SPEAKER_02]: Ultimately, it's to create more joy in people's lives so they can live life on their own terms.
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[SPEAKER_02]: So this is super relevant, so please.
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[SPEAKER_03]: And also, but women, right, stewarding money is such, I mean, this, it's wild to think I was in the 50s that you could even you were allowed to like have a credit card or a state, you know, so it's only a cat.
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[SPEAKER_02]: You couldn't open a bank account.
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[SPEAKER_02]: I'm almost certain in 1978, which is the, I'm going to show my age now that you thought I was born.
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[SPEAKER_02]: There was the, you know, there was moments and in recent history where we couldn't do things, obviously, that then could be
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[SPEAKER_03]: Yeah, so it's really like the past 50 years that just but women are such natural money managers and actually like again because I talk a lot about the areas of human life on earth, but when we lived more tribally it was tip it was the role of women to manage and distribute resources and resources didn't mean money, then we'll not in the same way that does today.
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[SPEAKER_03]: But the men went out and hunted and gathered, well, often men and brought those resources back and the women and the elders distributed it also, you know, monks with the children and so this is such a natural role for women that we're now stepping back into and I do think we should decide how we want to steward money and investments in future.
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[SPEAKER_03]: It doesn't need to look the way it has looked
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[SPEAKER_03]: And I'm also so convicted that in flowing capital to more conscious ends and doing it in a different way that feels just like alive and human and soulful and brings those qualities back into the money equation, which it's devoid of in many ways.
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[SPEAKER_03]: So anyway, I just wanted to say that and I love that your body, women listening are all like money-managing rock stars.
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[SPEAKER_02]: Yeah, and I think we've mentioned that on different podcast different opportunities, but there's an enormous wealth transfer, right?
26:48.499 --> 26:54.184
[SPEAKER_02]: That's happening due to the fact that the baby boomers were the wealthiest generation and they're passing their wealth down.
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[SPEAKER_02]: So there's a lot of
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[SPEAKER_02]: interesting parts of this culture that we're going to be going through the transfer of wealth, homework, a hundred trillion dollars, and the majority of it is going in the hands of women, specifically.
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[SPEAKER_02]: And so it's fascinating then you start to think about how quickly AI is moving, and all these different elements that are happening that are just happening, right?
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[SPEAKER_02]: They're happening, and it's okay.
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[SPEAKER_02]: How do you
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[SPEAKER_02]: I navigate this, cut through the noise to our original point, and start to just really get basic.
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[SPEAKER_02]: What is that bringing me joy?
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[SPEAKER_02]: What is going to help me grow my portfolio on my own terms?
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[SPEAKER_02]: What is draining me?
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[SPEAKER_02]: Let's start there, right?
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[SPEAKER_02]: And I think that is such a great advice.
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[SPEAKER_02]: it's really the next step.
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[SPEAKER_02]: So I love that we discussed that and then it's okay, what's going to help me there?
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[SPEAKER_02]: It's superhuman.
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[SPEAKER_02]: I think it's my biggest takeaway.
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[SPEAKER_02]: I'm pretty funny.
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[SPEAKER_02]: I'm gonna put that on my email like today.
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[SPEAKER_03]: Yeah Warren, so I didn't come prepared with a list.
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[SPEAKER_03]: I should have, you know, reminded myself what my whole stock is that I use costs everything.
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[SPEAKER_03]: And then when we could get that in the show notes, if that's something that's something easy to get along and think that we would love that.
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[SPEAKER_02]: Tullula, where can everyone listening learn more about you?
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[SPEAKER_02]: Follow you along on your journey and connect with you further.
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[SPEAKER_03]: So my website, tullulalimeral.com has a lot of information both on the invest side of what I do, but also the broader the case for Hope platform, which is sort of a series of talks that and conferences I've spoken at now becoming podcasts and I launched on socials recently, also under the case for Hope.
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[SPEAKER_03]: and there's a book in the works which is all about it's just meeting the moment of fear and uncertainty we're in and cutting through the noise with nuance on any given front like AI's taking jobs, disruption to specific industries that it's making us less intelligent, concerns over its environmental impact and the hands about actors like really spans the whole gamut.
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[SPEAKER_03]: So I'd say the website's starting point and of course you can always connect with me on LinkedIn too.
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[SPEAKER_02]: Love it.
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[SPEAKER_02]: Till the day, thank you so much for being on and for everyone listening, do something with what you've got today and take some action and thanks for being here.
