Can thinking like AI help you change your perception about money?

April 26, 2024

Thinking like AI can help you hack the money-making secret of billionaires. While poor people see money as a finite resource that needs to be saved and conserved, rich people see money as a renewable resource that can grow and spread like a virus. 

Renewable resources vs. non-renewable resources. 

Renewable resources can be used indefinitely without depleting their supply because they are replenished or regenerated easily. Renewable resources are infinite resources that can be replenished or regenerated within a reasonable timeframe using current technologies. The production rate can exceed the creation rate. This leads to accumulation. 

• Solar Energy: Radiation harnessed using solar photovoltaic panels to produce electricity.
• Wind Energy: Harnessed by the kinetic energy of air moving wind turbines to produce electricity.
• Hydropower: Energy harnessed from flowing water, such as rivers or waterfalls, to turn turbines and produce electricity.

The more renewable energy systems are used, the more energy there is to develop more renewable energy projects. This can lead to a virtuous cycle of renewable creation where, counterintuitively, the more the supply is used, the more supply there is.  

Non-renewable resources are finite resources that cannot be replenished or regenerated within a reasonable timeframe using current technologies. The consumption rate exceeds the creation rate. This leads to depletion. The more they are used, the less there are left. These resources are formed over geological time scales and are typically extracted through mining, drilling, or extraction processes. Examples of non-renewable resources include:

• Fossil Fuels: Coal, oil, and natural gas are formed from the remains of ancient plants and animals that were buried and subjected to high pressure and temperature over millions of years. They cannot be replenished quickly using current technologies. 
• Minerals and Metals: Gold, silver, iron, copper, aluminum, and rare earth elements are examples of resources that cannot be regenerated efficiently and cost effectively using current technologies. Metals can be produced artificially through nuclear transmutation in particle accelerators or nuclear reactors. However, this process is very energy intensive and expensive, and the amount of metal produced is negligible. For example, producing one ounce of gold currently costs billions of dollars.

Non-renewable resources are valuable for their energy density and versatility, but their use leads to depletion, not to mention environmental pollution and global warming. Additionally, their finite nature poses challenges for long-term sustainability and energy security. Once they are used, they are gone forever without current capacity for artificial replenishment in a reasonable amount of time and at a reasonable cost. 

Going Viral

Viral replication is the process by which viruses multiply and produce new viral particles within a host cell. This process typically involves several stages and can vary depending on the type of virus and its characteristics. Here's an overview of the general steps involved in viral replication:

• Attachment: The virus attaches to specific receptors on the surface of a host cell.  
• Entry: The virus enters the host cell. 
• Replication: The virus spreads its genetic material, which is then copied like RNA and DNA. 
• Transcription and Translation: The copies of the virus are transferred to viral proteins.
• Assembly: The viral proteins fold into new viral particles called virions. 
• Release: The virions are released from the host cell, allowing them to infect new host cells to continue an exponential cycle of viral replication.

Money seen as a renewable resource gone viral. 

Money is a human invention that facilitates economic trade. Economic trade is essential for human survival and flourishing on Earth. Money is one of the top human inventions of all times along with language, God, and electronic computers that lead to the internet, smartphones, and AI. 

Money as a technology (tool and method) serves three main functions in human societies: valuation; payment; and representational storage of value. Money allows humans to agree on a number that accounts for the agreed upon intersubjective value of a product or service. Money allows for the accounting of the payment for a trade of a product or service. Money allows for the accounting of safe storage of value or "savings" in a guarded bank or trust-based financial database. 

Interestingly, and almost paradoxically, the more money spent and used in a society, the more money there is to spend and use within that society. Conversely, the less money used and spent, the less money there is. This is in part because the money spent by one party (e.g. buyer) is money earned by the other party to a transaction (e.g. seller). It is also due to the fact that money at its core is an intangible product created by human imagination. 

Money is a story; a story about the perceived economic value of something. Like gossip, faith, and viruses, the more money is used, the more its use spreads around. Money has a multiplying effect. Humans say if this is valuable, then this something else is also valuable. If this thing is worth X, thent this other thing should be worth X - Y, or X + Z. The story goes around and the practice of using money as a valuation technology spreads like a virus worldwide. 

Thinking like AI to make unlimited money

AI programming turns traditional computer programming on its head. Instead of a human programmer dictating algorithmic rules for a computer to follow like dogma, AI programming lets the compute figure out the algorithm that leads to specific results. 

AI is said to mimic human intelligence. The intelligence mimicked by AI is optimal neural human intelligence, not the average human intelligence of the masses. The masses follow rules just like traditional computers follow the programmer's instructions. Top performers (e.g. the top 3%) think differently than the masses (bottom 97%). 

Elite performers essentially do what AI programs do. Instead of blindly following the rules dictated by others, elite performers essentially use their intelligence to decipher the winning moves in the relevant game of human life. 

When it comes to money, for example, financially successful humans conceptualize, consciously or unconsciously, that money is an infinitely renewable fictional resource. Money spreads around like a virus. It's use grows exponentially with use. The more money is used, the more money is created for further use. 

Like gossip, faith, and many other forms of storytelling, the story of monetary economic valuation spreads and increases the more it is used. That is what allows a designer handbag to sell for thousands of dollars at incredible profit margins. Their valuation stories are believed by their target buyers. 

Think about the concepts above. Poor people see money as a finite non-renewable resource that once is spent, is gone. Rich people see money as an infinite renewable resource that replicates and spreads around like a virus. Poor people are afraid of depleting money, and look for ways to bury their talents in the ground and their heads in the sand waiting for a better day. Rich people are eager to make more money and look for ways to create more economic value every day. Poor people have a loss mindset. Rich people have a growth mindset. 

Connect the dots like AI would do. Decide whether you want to suffer through life seeing money as finite and limited resource or if you want to enjoy life creating infinitely value that can be renewably redeemed for money in the marketplace. 

Let us know what you think. Stay tuned. 

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