Half of New Grads Underemployed – Is the American Playbook Dead? (Full)
The old American playbook is breaking. Jerremy Alexander Newsome and Dave Conley interview Spencer Conley, a Big Four consulting manager, about why the traditional path of degree, hard work and stability no longer delivers. Half of new grads are underemployed while AI rapidly reprices desk jobs. Spencer chose a small liberal arts college to graduate nearly debt-free, then moved from presidential campaign and DOD contractor roles into consulting for variety and higher pay. Most peers carry heavy student debt that limits options. They cover AI deployments in documents, coding and customer experience, efficiency versus headcount questions, blockchain comparison, future workforce shifts, and advice on learning AI, staying flexible, investing and building people skills.
Timestamps:
- (00:00) Spencer Interview II – Jerremy Alexander Newsome and Dave Conley with Spencer Conley on the old playbook
- (01:27) Spencer's Unconventional Path – small liberal arts college and graduating nearly debt free
- (04:36) Career vs. Being Inside the System – presidential campaign and DOD contracting experience
- (07:48) Why Consulting? – move into AI, sustainability and economic development
- (09:43) Skills vs. Degrees – what actually matters now
- (11:40) The College Debt Trap – how student debt limits life choices for most peers
- (17:22) AI and the Headcount Question – efficiency pitches and restructuring
- (23:26) Blockchain vs. AI – Dave's take
- (29:06) The Unemployment Fear – job replacement versus value creation
- (29:46) How Younger Workers Are Different – rejecting butts in seats and using AI tools
- (34:44) 25 Years From Now – forecasting AI's workforce impact
- (38:51) US vs. Other Countries – workforce planning gaps
- (40:52) One Thing Every Millennial Needs to Hear – learn AI and stay flexible
- (42:33) Lightning Round – rapid insights
- (48:37) The Biggest Lie the Laptop Class Tells Itself – desk job myths
- (50:30) Closing & Takeaways – investing, avoiding debt and building connections
Transcript
Every generation in America inherited the exact same playbook.
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:Go to school, get the credentials, do
the work, and the system will hold up.
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:Its end of the deal.
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:Millennials may be the last generation.
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:That playbook actually caught.
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:Now half of new grads are underemployed.
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:AI is repricing desk jobs
faster than anyone predicted.
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:And the trades everyone's selling.
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:AI is repricing desk jobs
faster than anyone predicted.
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:First year pay starts closer to
35,000 rather than six figures,
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:and there's a lot of people who
cannot afford their cost of living.
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:My name is Jerremy Alexander Newsom.
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:Alex: My cohost is Dave Conley, and
this is Solving America's Problems.
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:We have a super cool guest today related.
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:Spencer Conley is a manager
and a consulting firm.
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:Running leading work with artificial
intelligence, sustainability,
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:and economic development.
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:He did everything.
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:The old system asked, guy, got the degree,
did the campaign trail, did the corporate
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:climb the ladder, and it delivered?
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:He recently married.
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:He's in his middle of the career and
sitting inside one of the world's
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:biggest consulting firms watching the
rules change right now in real time.
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:So I'm really excited to just
dive into how you are seeing the
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:landscape change in the workforce.
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:Spencer, my guy.
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:Thanks for being here,
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:Jerremy: dude.
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:great to be here.
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:Thank you for having me.
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:Yeah, man, it's gonna be so cool.
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:So dude, you did everything right that
the, old American Playbook said to do.
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:Grew up in a good school district,
got the four year degree, worked your
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:way into professional class employment
by the conventional scorecard.
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:It worked.
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:Great.
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:So the question I guess would be, did you
get the deal that you were promised or do
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:you feel like you got something different?
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:Yeah.
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:You know, I think that's a,
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:that's a really interesting
and really good question.
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:I think I did get the deal that
I was promised, but I think
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:I went through it in a very.
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:Non-conventional way that helped
me kind of get to where I am now.
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:whereas I'm seeing
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:of my peers kind of follow the
same formulaic approach and
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:maybe not get to the same place.
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:so I'd say overall, yes,
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:but there's some minute differences
that I think I took in my
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:personal and professional life.
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:and even
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:the college I chose that, that really
helped kinda lay that foundation.
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:Well, I mean, right outta college.
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:Oh, go ahead Dave.
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:yeah.
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:So like, what, what do you think
those were like, or what, what,
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:what do you think sets you apart?
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:Like, I think some people could look at
this and be like, Hey, it was just luck.
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:And I, you know, like, I saw you coming
through this and it wasn't that like,
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:there was a lot of work and there was a
lot of diligence and like, do you think
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:your path was more driven or, you know,
could somebody repeat what you did or,
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:Dave: or are your friends
getting a raw deal?
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:Like what's, what's your vibe on that?
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:Spencer Conley: Yeah.
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:Another good question.
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:Honestly, I think,
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:I think it was a couple of key
decisions starting with like,
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:honestly, the college I went to.
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:I was, you know, grew up in
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:Northern Virginia, the Fairfax
area, everybody was going to
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:these large state schools.
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:There's a big push to go
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:to U-V-A-J-M-U, Virginia Tech
because they're great institutions
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:and they're publicly available
right to, to the students
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:in Virginia.
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:I,
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:I was fully going to fall into the
trap of like, let's go to a large
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:school, have no idea what I want to do.
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:of get caught in those generalist
credits and like probably bounce
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:around for five or six years
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:' at a large institution.
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:But instead, I went to a really
small liberal arts school where I
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:got a really good financial deal
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:sports, that allowed me to get
through college pretty much debt
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:free, with, with a more focused degree
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:really I don't use right now,
but did help me think critically
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:and connected me with a really
good professional network.
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:Jerremy: I like it.
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:Yeah.
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:Well,
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:I
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:mean, maybe a little bit of a
deeper potential question as well.
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:right?
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:outta college, right?
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:If I remember this correctly, you worked.
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:A presidential campaign,
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:and then you had a professional
role as a government contractor.
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:Now here's what's crazy.
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:So you did some of the pentagon's
analytical work without
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:actually being in the Pentagon.
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:However, you didn't have any
civil service protections, no
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:federal pension, no institutional
commitment running in your direction,
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:and now you are in one of the
big four, which is awesome,
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:but still that external brain
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:still
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:one layer removed.
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:When did you realize or feel, or maybe
even notice that having the career
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:and
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:being inside the system
were two different things?
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:Spencer Conley: Having the career
versus being inside the system.
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:You know, I think, honestly I got
connected with, you know, the, the
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:presidential campaign was kind of a fluke.
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:I actually applied to an internship,
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:thought that internship was in DC
and turns out it was in New York.
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:So, kind of had to go
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:Jerremy: Whoops.
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:Spencer Conley: Yeah.
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:it was a, it was a big whoops moment.
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:I, I actually.
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:Like was couch surfing on Craigslist,
which is, you know, a story in itself.
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:But, really I jumped in to, it was
DOD consulting and honestly, the
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:re the way I got in there was truly
just growing up in the DC area.
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:I had some connections through
friends that were working in.
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:That world and got connected with a small,
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:a small business actually that
was doing consulting work for
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:the Marine Corps at the time.
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:They're like, Hey, you
should talk to these people.
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:Interviewed and eventually got the job
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:it, it, was really cool insight into
how government works into how private
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:industry works with government.
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:But truly at the end of the day,
one of the reasons I left that role
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:and pivoted into, you know,
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:big Four consulting was, I
mean, government employees were
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:falling asleep at their desks.
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:It was, I was
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:years old and
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:we were waking up, you know,
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:Joe Schmo for a meeting that
he was actively presenting on.
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:And I was like, this, this can't be
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:life.
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:Even though the impact that we were
driving on Paper wa was real, right?
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:It didn't, it didn't really
feel real at the time.
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:Dave: So, what I'm hearing
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:is the folks that were in the
system, at least in your experience,
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:I, I had a slightly different
government experience, but.
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:Like, even though you were outside
the system and didn't have all
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:those benefits, you didn't have
like the government pension, you
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:didn't have the, the, you know, the
stuff that, you, the protections.
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:I mean, you are a contractor, Right.
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:And you were, you were driving
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:really big things that it sounds like
the government employees were just
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:like, you know, asleep at the wheel.
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:So you had all the responsibilities,
none of the protections and.
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:So how did that work for you?
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:I mean, did you, that even occur
to you at the beginning or was, I
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:mean, are you looking back on this
now being like, oh, that is a scam.
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:Like, like how,
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:how do you, how do you feel about that,
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:Spencer Conley: It's, it's actually,
I've thought about this a lot.
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:I, I,
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:me didn't, didn't even
think about it, did not care
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:about the pension or things
like that because, you know,
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:my understanding at the time was
like, yeah, you can become a federal
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:employee or government employee
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:work for 20 or 30 years.
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:You know, you'll get paid,
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:you know, at the end
of your 20 year career.
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:What I would get paid five years from
now is, you know, 22-year-old me.
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:only benefit you have is job
stability, which I think is going
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:away in the federal space to a degree.
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:and
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:you have job stability in a pension.
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:But at the end of the day,
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:if you're, you know,
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:making two to three x what
your clients are making
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:after 30 years in their career,
but being 10 years in your career,
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:the pension really isn't a,
isn't a factor in, you know,
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:22-year-old me's brain, right?
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:Jerremy: Yep.
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:Yeah.
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:Thinking that far ahead
sometimes too, right?
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:I mean,
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:a lot of people love the pension.
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:Love the 4 0 1 Ks.
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:How'd you decide on
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:consulting?
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:Meaning like, how'd you choose that as a
word or a phrase, or like a career path?
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:What stood out to you about it?
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:Spencer Conley: Yeah, so I mean,
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:again, I kind of fell into it,
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:it stood out to me because
I came out of college again.
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:A generalist.
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:I, I got a political science degree,
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:tried politics, but it was,
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:it really wasn't for me
at the end of the day.
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:But the, the draw to consulting, the more
I did the research and talked to folks
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:in consulting was, you know, you're,
you're solving different problems
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:every day from a different angle
depending on who you're working with.
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:So it's not like, you know,
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:working in as a GS employee and
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:Working in a finance shop for a large
agency, you're gonna be doing that
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:type of work for the rest of your life
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:if you stick in that.
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:But consulting
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:has afforded me
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:the opportunity to work on
so many different problems,
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:expertise in so many different fields
that I would never have had exposure to.
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:And I used it as really like
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:Admittedly a high paying way
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:to experience almost every industry,
which, which I've been able to do and
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:was actually the reason I moved from
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:a
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:smaller kind of mom and shop consulting
group to, to a larger big four firm
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:because you can kind of create
your own destiny and try,
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:every different industry,
which, which I've done.
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:Jerremy: Yeah,
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:which I love.
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:there's a lot of,
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:I
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:mean, when we say like
a generalist degree,
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:I like to remind people there's
that very popular phrase, a jack
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:of all trades, master of none.
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:But
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:oftentimes better than a master of one.
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:Dave: Mm.
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:Jerremy: Like that's the end.
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:Yeah, that's the end of that phrase.
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:So sometimes having all the skills,
doing all the things, knowing all the
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:people, having all the connections
and experiencing something,
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:you really develop an underlying
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:confidence
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:or courage to
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:go try other things, which
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:is very interesting because.
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:At
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:least I've heard this
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:statistic thrown around pretty
often that 85% of employers
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:now say they prioritize
skills over degrees.
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:I
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:think it was a Harvard study
who looked at actual hiring data
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:and found fewer than one in 700 hires
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:were actually affected by companies
dropping degree requirements.
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:And when a hiring manager is
looking at a stack of resumes,
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:you know what?
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:Actually happens to the one without
a bachelor's degree kind of thing.
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:Right.
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:So
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:do you, do you happen to notice or
feel or even see that that might
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:be shifting at all in the, in the
landscape of hiring or consulting firms?
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:Spencer Conley: Oh, I mean, absolutely.
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:not in the sense of consulting firms.
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:I mean, we, we operate.
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:A lot of consulting firms operate
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:with specific requirements,
especially when selling to,
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:to clients.
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:Right.
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:And a lot of clients, I still think,
you know, in the federal space,
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:state and local space or commercial
space, are still operating with,
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:you know, they need to grade
resumes on paper and we hire to
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:put our best foot forward.
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:And oftentimes that includes
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:a degree,
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:a higher degree than just a, you
know, a general bachelor's degree.
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:Or in very specific cases, if
it's like, you know, say we're
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:working on space in satellites, you know,
if for some reason a person has gone in,
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:a
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:degree but has 20, 30 years of industry
experience, that is a case where we would
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:kind of shift to, to
hiring that individual.
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:I would say
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:generally though, with some of
my peers and some of my friends,
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:they don't have degrees
and they're getting,
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:you know, very specific skills.
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:They're learning,
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:AI skills or, or music in ai, for example.
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:And they're getting degrees out
in high powered, high paying sales
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:positions for tech companies.
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:where
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:previously
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:weren't at all,
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:you know, they were working in service
industries or things like that.
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:Dave: Wow, So,
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:Talk about that, just digging
into that a little bit more.
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:So like
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:there's kind of a structural failure
of getting $180,000 degree and
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:being up to your eyeballs and debt.
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:You know, like what,
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:when you're in this like skip
college, learn a trade crowd,
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:what's, what's absolutely right
about that and what's the.
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:You know, like I went to a, you
know, an I went to Oberlin and you
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:know, like it worked out for me.
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:Like, what, what, what do people
need to know about that balance?
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:Now
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:I
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:Spencer Conley: So,
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:you know, I was just just
talking to my wife about this.
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:'cause we, we talk about this often.
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:It's,
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:I would say for the, the generalist that
isn't very clear going into college or,
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:uh.
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:doesn't have a clear passion.
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:I think this is really hard for
an 18-year-old to think through,
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:but if you're going in and you're
just gonna take some general courses,
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:a lot of my friends, I would say
the vast majority of my friends,
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:and were, you know, 31, 32,
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:go in with an idea of what they
wanted to do or a specific passion.
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:They went to a large school set.
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:They got buried in gen ed courses.
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:They flipped around to different
degrees and ended up spending
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:five or six years in an institution
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:getting up to their eyeballs in debt
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:and not using their degree.
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:Right.
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:I think Oberlin was helpful.
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:It was a liberal arts universe or
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:liberal arts college,
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:but it did think you, it, it taught
you how to think critically about
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:problems regardless of the subject.
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:You know, in any course that I took,
whether it was a throwaway physics class.
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:music course or one of my core political
science classes, it really gave me that
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:skill, which I've been able to use to
become kind of a jack of all trades
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:in consulting, which is very helpful.
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:But we have family members that
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:went to, went to college,
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:on scholarships,
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:even sports scholarships,
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:and just did not,
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:didn't fit into the rigor of school, and
then ended up going to a machining trade
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:school or to different trade schools,
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:and that really worked for them.
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:And now they're, they're.
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:More career directed and making more
money than most of my peers that went to,
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:you know,
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:institutions.
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:Jerremy: Yeah.
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:Well, I mean, how many of your
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:circle of peers would you say, 'cause
I heard you mention earlier that you
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:were able to get outta college without
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:debt.
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:What's a percentage of your
peers that you say are still
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:years and years later in college debt.
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:Spencer Conley: 90%,
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:Jerremy: Wow.
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:Spencer Conley: And some in
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:Dave: Wow.
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:Spencer Conley: some in crippling, like
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:figure debt still.
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:Jerremy: dude.
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:Spencer Conley: Yeah.
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:It's, it's brutal.
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:You know, and you know, a lot of them,
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:even a couple from Oberlin, they,
they're like forced to go back to
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:the areas where they grew up, right?
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:Because they have to live at home
for a while and then that's where
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:their job and career kind of expands.
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:But they're usually in small,
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:small, rural communities, so
they, they can't get out of them.
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:They're almost like trapped
in these, these areas, right?
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:Because of that debt.
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:Dave: Yeah.
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:sorry.
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:I'm sweating a little bit on that one.
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:You know, it's like, holy crap.
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:I mean, that's, that also comes up.
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:And like in the research
on this, which is like it,
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:first step seems to be the
most critical one, right?
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:if you, if you don't get off
the mark, like right away,
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:no no matter what, if you're not off
that mark, then it cascades not just, you
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:know, today and tomorrow and this decade,
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:but then, you know, like you end up
making weirder choices as you go along.
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:Like you delay having kids,
you delay getting married, you,
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:you know, like, like it, it
really leads to a different.
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:Outcome in life.
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:And I, and one of the, one of
the themes of this series is,
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:know, like we were sold a bit of a,
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:a, a dream of like, if you just
do this, you're gonna be fine.
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:You know, like, and I think you
are among that last generation.
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:I was a part of that,
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:you know, and I, I don't know if that,
do you think that that was ever actually
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:true or do you think that that was just
something that society just sold us?
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:Spencer Conley: I, you know, I don't know.
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:I think, I think it might've been
true to a degree, I mean, back
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:when houses were 70 5K, right?
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:but also it was easier to start a
business and, and grow a business
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:without having to expand to
like, you know, a global market.
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:You could do it regionally.
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:Like, I mean,
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:my grandfather on my mom's side started
a small business without a degree.
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:but, you know, through his military
service and it, it cascaded into something
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:really successful and, and great.
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:Now, I, it just doesn't,
it just doesn't happen.
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:You know, it, it's, it's really hard
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:to come up with like a business idea.
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:If you don't go to college, that
can cascade if you don't target
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:like a really global audience
or at least national audience.
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:And
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:in college, it's like if you go to
college, unless you get a full scholarship
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:or, something similar to that,
you're, you're gonna be struggling
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:with, with a lot of debt.
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:And
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:with of my friends
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:that are in that kind of debt, I,
I would say they haven't delayed
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:marriage necessarily, but all
of those other big milestones.
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:They have to put on hold or
really, really think about
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:when they're gonna do that because they
have to manage, you know, basically
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:a mortgage through student loans.
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:Dave: Oof
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:Jerremy: Yeah.
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:Dave: that.
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:that.
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:is tough.
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:Jerremy: Well, it's, it's really,
really easy for me to get stuck in this.
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:Like, Hey, let's talk about student debt
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:and is it worth it?
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:College, you know, we've, we've
had that conversation before, but
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:to just slightly pivot so that
I don't fall dramatically into
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:my.
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:Heroic rabbit hole of college.
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:in your work, Spencer,
when you're consulting and
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:connecting companies with ai,
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:when a client deploys those
tools into their workforce,
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:Alex: what happens to the headcount
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:Jerremy: that
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:nobody is saying out loud or
maybe everyone's aware of and
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:still isn't saying it out loud?
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:Spencer Conley: Yeah, you know,
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:the context of of my job and also
just talking with my peers, you know,
427
:I would say
428
:off the books there, there's definitely
a consideration of headcount, like,
429
:how can we reduce hours or maybe,
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:streamline our temp workforce
or maybe get rid of It
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:it
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:definitely happens.
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:I mean, when you're thinking about
implementing ai, you're thinking
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:about people, process and technology
and you know, part of people
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:is how many people do you have?
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:Jerremy: What are they doing?
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:Spencer Conley: can they be
repurposed to either train the AI
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:or, or move to a different, more,
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:call it
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:more impactful area of work where they can
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:take,
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:I
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:Dave: is, that is the
biggest consultant world.
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:Jerremy: Yeah.
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:Spencer Conley: Right.
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:Dave: I can tell you're a consultant.
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:It's like,
448
:oh, you know, we'll, we'll see
if we can restructure this.
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:Spencer Conley: Well, I mean,
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:that's just it.
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:It's like you sell this ai right?
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:You know, you implement an ai and it's,
453
:it's, the value pitch is often, hey, you
know, this will allow your staff to do,
454
:to focus on more important things.
455
:But like oftentimes what's
getting automated is
456
:like that staff person's entire job.
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:So like, what else do they have to
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:Jerremy: Yeah.
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:Spencer Conley: then that's
when headcount comes in, right?
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:Jerremy: Yeah.
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:Spencer Conley: But
462
:I would say at large research
firms and a, a couple other of
463
:industries where I have friends working,
they have actually lost their jobs to ai,
464
:Dave: Wow.
465
:Spencer Conley: go through restructuring.
466
:I'm putting that in air
quotes, but you can't see
467
:Jerremy: Yeah.
468
:Yeah, yeah, yeah.
469
:Spencer, are you able to tell us what
470
:some of these, either specific
names of the tools are or
471
:like
472
:what sector
473
:they're in?
474
:I mean, 'cause you say ai, like it could
be software, it could be coding, it
475
:could be customer service, it could be,
476
:how much details can you give us on that?
477
:Spencer Conley: you know,
some, some broad details.
478
:I would say it's, it's a full,
full suite of, of services.
479
:Again, you know, this is
480
:consulting lingo.
481
:say it's,
482
:There is a customer experience
aspect, so it's how do you
483
:leverage AI to make, you know,
484
:literally
485
:walking into a business instead of
486
:talking to a person or a bunch
of people and waiting in line.
487
:It's an automated kiosk with literally
an AI screen, you know, kind of like a,
488
:any sci-fi movie that?
489
:Jerremy: Yeah.
490
:Or Japan Just got back from there, dude.
491
:Oh my gosh.
492
:Yeah.
493
:Tons of, tons of them.
494
:Like the, the,
495
:essentially
496
:it was an ATM.
497
:I would do all the work and then I would
498
:go to my table and then
someone would bring my food.
499
:Dave: Huh.
500
:Spencer Conley: Yeah, well like that for,
for every industry, not just service,
501
:Jerremy: Mm.
502
:Spencer Conley: it's, it's, you know,
multi-cloud and distributed cloud.
503
:So connecting different
cloud instances where.
504
:You know, a client might have three
different versions of a cloud, from any
505
:software provider, you know, pick one
506
:the s and p 500.
507
:But it's connecting all of those
508
:to be able to inject ai, connect every
509
:single piece of data in an organization,
510
:and make decisions and,
and pull it all together.
511
:But it's
512
:Jerremy: Yeah.
513
:Spencer Conley: for coding, right?
514
:Like you give it a
515
:Jerremy: Yeah.
516
:Spencer Conley: and instead of a
developer doing it, it'll give you a
517
:90% solution in like, you know,
518
:Jerremy: Seconds, minutes.
519
:Yeah.
520
:Dave: Is,
521
:there like one,
522
:so like I think of AI like
this, you can either do.
523
:you know, you can keep the same number
of people and you can do a lot more work,
524
:or you can completely replace a function.
525
:Like, I, I called my dentist the
other day and I just talked to an
526
:AI and, and scheduled everything.
527
:And actually it worked
really, really well.
528
:You know, like I was, I was shocked.
529
:like, like, you know, actually removing
a, a, a job and then it's like, okay,
530
:we are not gonna do more.
531
:We're going to,
532
:you know, like we're going to actually
re, you know, quote unquote restructure
533
:and, and, do and, and,
and shrink head count.
534
:So when, when the different
implementations come in, do you see
535
:like one thing that, that companies
are looking to do, or is it just like,
536
:it could be anything and, and they see
where it lands you, you know what I mean?
537
:Is it,
538
:is it, adding more value,
like growing the pie?
539
:Is it, shrinking the,
the, the, the top line?
540
:or is it growing the bottom line?
541
:I.
542
:Spencer Conley: Yeah,
543
:Jerremy: Hmm.
544
:Spencer Conley: that's really good
545
:question.
546
:I would say it's, it's
a little bit of both.
547
:I would say
548
:trend that, that I'm seeing is.
549
:I think a lot of clients
are interested in ai,
550
:they're still a little bit hesitant.
551
:So we,
552
:we get in there and, and what we typically
pitch, or what I like to pitch is like,
553
:you know, quick wins first, right?
554
:So It's, thing, it's
555
:not adding new value.
556
:It's, it's really like, you
know, document automation.
557
:So if like you have paper
processes, which still happen a
558
:lot, or very manual, like PDFs,
559
:it's reading those, putting those into
a system that you can layer AI and, and.
560
:Literally route all of that
paperwork and analyze it for
561
:accuracy and compliance, immediately.
562
:Whereas that would take multiple people.
563
:That's usually kind of
like the foot in the door.
564
:you start talking about, you know,
what, what the art of the possible is.
565
:That's where you start to get
to like the value drivers.
566
:It's like, Hey, we would really like to do
567
:really cool initiative that
is very exploratory for us.
568
:You know, us being the client.
569
:let's start thinking about that
now that we have some breathing
570
:room with this document processing,
saving us a bunch of time.
571
:So, honestly, like clients are
trying to catch up right now, and
572
:once they've caught up with AI,
they start thinking bigger picture
573
:Jerremy: Yeah.
574
:Dave: internally yourself
are, are like, are you,
575
:you
576
:know, are,
577
:are,
578
:you taking your own medicine?
579
:Spencer Conley: all the time.
580
:It is
581
:Dave: Yeah.
582
:Spencer Conley: my job
583
:so much.
584
:I, I can't even
585
:save me so much time.
586
:Jerremy: Hmm,
587
:man, that's so cool.
588
:that is, is cool and scary and terrifying.
589
:Dave, I'm gonna ask you a question.
590
:Give me your,
591
:the same level of,
592
:deep dive that you gave me
on blockchain and crypto
593
:on ai.
594
:Like
595
:what is the, so everyone in the world was
like, blockchain, blockchain, blockchain.
596
:Dave: Yeah, it was
597
:Jerremy: And Dave Conley
was like blockchain.
598
:Fucking sucks.
599
:It's awful.
600
:It's the worst.
601
:What does it actually do?
602
:Does it do anything that
anyone wants it to do?
603
:And it's not gonna work
the way anyone wants it to.
604
:And you're one of the very few
people that's like poo-pooing crypto.
605
:w which, which, I mean, you're,
you're not wrong really on like
606
:Dave: hand, I also spent a year
looking at it because, you know,
607
:Jerremy: Yeah.
608
:Dave: crypto was sort of born,
609
:you know, as I was,
610
:as I was in a very
611
:Jerremy: As you were born.
612
:Dave: back in my day,
613
:back in my day.
614
:So I was a very senior technology level.
615
:And so blockchain was really kind
of coming out, you know, Bitcoin was
616
:there and we were, we were looking at
it in a bunch of different ways and
617
:you know, like the one thing that
we, we liked was the aspect of,
618
:you know, the permanent record.
619
:And
620
:it didn't replace anything.
621
:It was, it was, it was a fancy
spreadsheet in the, in the cloud, right.
622
:And so, like all of the
systems that we already had
623
:already did what it did,
and it didn't add any value.
624
:So nobody was gonna do
it because it was slow.
625
:You know, it's like you could be
doing it with Oracle databases and
626
:it was like, nobody's gonna replace
Oracle databases with, you know,
627
:your, your, your, your Bitcoins,
628
:Jerremy: Mm-hmm.
629
:Dave: and.
630
:You know, like we were looking at
it as, as also as adoption, right?
631
:So like,
632
:you know, when a technology is
important, when it's adopted,
633
:so, you know, like
634
:nobody had, like, we all had cell
phones for years before the iPhone
635
:came out, and then the iPhone comes
out and like everybody has one within
636
:a year and it just changed everything.
637
:You know, like we're still trying to
figure out what's going on with blockchain
638
:and it's been 15 years and it's like,
eh, you know, like if, if it's not there
639
:now, it's not gonna magically get there.
640
:Jerremy: Yeah,
641
:Dave: with ai,
642
:Jerremy: I.
643
:Dave: am, I.
644
:am on the way other side of this.
645
:It is, this is a technology that
we don't, we don't understand.
646
:Like the people who are in it, you
know, like that are in edge cases,
647
:they don't understand it.
648
:It is a technology.
649
:We are growing.
650
:we
651
:Jerremy: Mm-hmm.
652
:Dave: it.
653
:It is,
654
:it also is also a prob
655
:probabilistic system.
656
:Meaning it like, it, it's, it's
constantly guessing and it's always
657
:bringing you sort of new things to do.
658
:It is, it is not deterministic.
659
:So it, it's, you know, like if you
tell it to do one thing and do it
660
:this way, you know, like it might come
up with a different way of doing it.
661
:so it's.
662
:It is
663
:a chaos agent that we simply do
not know where it's going to do.
664
:Because
665
:when the internet came around
and the technology really hit,
666
:you know, like, it was very clear
that this was going to disrupt
667
:music, disrupt, disrupt magazines,
di disrupt, you know, media.
668
:And then it was like, okay, yeah,
Netflix was going to be a thing.
669
:You know, like, and, and then it
was, then it was, you know, content
670
:and then it was social media, like
it was so clear what the path was
671
:for ai.
672
:Man, it is, it is, the unknown
is probably the scariest part of
673
:this, and the weirdest part is that
we are inserting this technology.
674
:Treat it as a, an, as an
entity, as a, as a child
675
:with superhuman skills.
676
:And we are wiring it in as the central
nervous system to our most critical
677
:mission critical, systems on the planet.
678
:Like
679
:AI is all over the government.
680
:And do you really want something
that you don't understand?
681
:Being all over the place inside of your
government like that is terrifying to me.
682
:And not just in like a.
683
:you know, like, like tinfoil hat way.
684
:It's, it's that.
685
:You, you understand?
686
:Like a Windows operating system and
be like, okay, that's, that's Bill
687
:Gates, and that's broken, right?
688
:Like, we get it.
689
:And then these, these systems get
very complex and, and also we get it.
690
:is, we have it, it is unbounded,
uncontrollable, and it keeps on
691
:going and it changes every day.
692
:We are, we are not wired for that.
693
:We do not know the, consequences of it.
694
:And when you don't know the
consequences of something, then
695
:you are not, you are not
in any control of it.
696
:And then, then you start like layering in,
697
:oh, we're, you know, we're gonna
start putting things that like,
698
:are life and death to people.
699
:On top of that,
700
:nah, this is, there are more
moral and ethical questions that
701
:go into this than anything else.
702
:And, and, and nobody is saying,
Hey, time out here, because
703
:if we do
704
:means that somebody else
is going to do it first.
705
:And
706
:Jerremy: Hmm.
707
:Dave: like the bomb is already gone off.
708
:The genie is way out of the bottle.
709
:And so like, if we don't keep feeding
the beast, we're equally screwed.
710
:So like I, it is.
711
:It is a Faustian bargain man, And
712
:we we're gonna have a whole
series on ai and it is,
713
:Jerremy: Yeah.
714
:Well it.
715
:Dave: we can only react to it.
716
:we,
717
:because
718
:we don't have any choice, we're
gonna have to react to it.
719
:Alright, that's my, that
720
:there
721
:Jerremy: It is a great take.
722
:No, it's a great, it's
a, it's a great take.
723
:It's a it, because I think
724
:there, there's a, there's
a few people like,
725
:alright guys, and
726
:one
727
:of them act, I mean, one of them
is Elon, where he is like, hold on,
728
:hold on.
729
:Don't,
730
:don't
731
:you think we're going a little fast.
732
:So do you think we're going a
little fast down this rabbit hole?
733
:what's your take on that, Spencer?
734
:Like, just kind of to your
point, like what Dave just said,
735
:where AI is going because
I mean, my, my general fear
736
:also, and I'll lead you with
a very long question, probably
737
:the general, the general fear is AI
becomes so good and it's so helpful
738
:and it's so usable and it happens so
quickly that in three years we have
739
:55% unemployment in the country.
740
:No one needs jobs anymore.
741
:And that's the fear that a lot
of people don't actually have.
742
:So if that does happen, what do you
see occurring in workforce dispenser?
743
:Spencer Conley: Yeah.
744
:You know, that's,
745
:I, I almost go back and
forth on it every day.
746
:It's,
747
:Jerremy: Yep.
748
:Wow, dude.
749
:What
750
:bro?
751
:Dave: So yet.
752
:Jerremy: they're waiting tables, dude.
753
:I, I got, I
754
:would, I mean, I shouldn't say it's AI
waiting tables, but I, I went to three
755
:restaurants where I got served by a robot.
756
:Dude,
757
:a robot brought my food to me.
758
:I picked it up off the tray.
759
:But
760
:I mean,
761
:other
762
:than beer, it brought me
everything other than beer.
763
:which I'm sure is probably some
law or something, but man, it's.
764
:Dave: like the,
765
:that's the.
766
:Jerremy: Robots not 21.
767
:Dave: back up a sec.
768
:So, you know, like you're, you know, like
you're, you're, you're coming into like
769
:the top of your, your, your mid career,
770
:and you're.
771
:Presumably like hiring younger, like the,
the young analysts that are coming in,
772
:how are they different?
773
:You know, like did they, did,
did they do different paths?
774
:Did they, did they come to
you guys in different ways?
775
:Are they, you know, like, are they
afraid or excited about different things?
776
:Like how are they different
than where you were at that age?
777
:Spencer Conley: Yeah, there
778
:honestly very different,
in, in a good way.
779
:So they,
780
:think
781
:I was probably one of the last waves of,
of people entering the workforce that was
782
:kind of bound to that traditional contract
that we talked about at the intro.
783
:I,
784
:was always wearing a suit.
785
:I was always trying to present, very
polished, coming in, literally just
786
:sitting at my desk until 5:00 PM
even though my clients were falling
787
:asleep just because I had to be there.
788
:You know, I called it
a but in a seat, right?
789
:I was very grounded in
that responsibility.
790
:I think now people coming into
the workforce, you know, they,
791
:they do get the technical skills.
792
:They do still go to
college for the most part.
793
:But they don't really put up with
that shit, to be honest with you.
794
:You're not, they're, they're not
just gonna sit at a desk until
795
:five if they have nothing to do.
796
:like, where can I drive value?
797
:They have all of these AI tools,
798
:They're
799
:all so connected to the internet.
800
:They're gonna be the most efficient
they can, they're very open to
801
:raising their hands to help with
additional work when they're done.
802
:Dave: Ooh.
803
:Spencer Conley: also like, Hey,
I'm taking PTO, and I don't have
804
:anything to do and it's 3:00 PM
on a Thursday, I'm gonna leave.
805
:And obviously they, they work
with us to clear it as junior
806
:practitioners, but like,
807
:they're very upfront about that, which,
like 21-year-old me would've been like,
808
:mean, I'll go hide in the bathroom for
two hours, try to take a nap instead
809
:of, you know, asking my boss to leave.
810
:And there's nothing to do.
811
:Jerremy: Hmm.
812
:Dave: Hmm.
813
:Jerremy: That's a good
814
:point,
815
:Spencer Conley: man.
816
:So.
817
:Jerremy: Yeah,
818
:it's been really
819
:Spencer Conley: good.
820
:Jerremy: I,
821
:think, I think the
822
:the adding of the value.
823
:Is
824
:the
825
:part that
826
:jumped out to me the most because
827
:that's what
828
:we're gonna have to do
829
:as,
830
:as,
831
:a nation going forward.
832
:I mean, the, the workforce, the work
833
:work is
834
:gonna be changing so dramatically over
the next five years, so, so quickly
835
:that
836
:every person listening
837
:has
838
:to imagine that not only is is it going
to shift, it is already shifting and
839
:is it is gonna happen even faster.
840
:we have to come up with that question
on a daily, weekly basis, right?
841
:How can I add more value to this
organization, to this company
842
:to keep a form of employment?
843
:you do work for yourself
844
:or by
845
:yourself or own your own business,
846
:it's gonna even be even more imperative,
to continue to add that value.
847
:What
848
:do you see,
849
:in the
850
:workforce right now that
are the most insulated?
851
:From
852
:AI and AI tools, sweeping
and chains, in industry,
853
:as
854
:you know, faster as some of the
other ones are being slower.
855
:Spencer Conley: so, so
more insulated from AI
856
:in
857
:terms of like, okay.
858
:that's a really good question.
859
:I mean,
860
:Quite frankly, everything,
everything I've, I've seen from a
861
:professional, like most, most of
the industries are being impactful.
862
:I might, for my own thought exercise,
start from most impacted to least, I mean,
863
:most impactful is I think, you know, the
the healthcare and the, the professional
864
:research, like, like a Gartner for
example, is getting heavily impacted.
865
:They used to hire, you know, NPAs and,
and folks like that to do very detailed
866
:technical research and reporting.
867
:And now it's all shifting to like AI for
some of these larger research companies.
868
:obviously technical coding, even the
big tech companies, they're, they're
869
:shifting to ai, where whereas I, would
say sales we're, we're seeing an influx
870
:in, some, some sales positions coming.
871
:So people being technically savvy,
maybe even former developers.
872
:With a technical solution that might
not have previously had ai, but
873
:now has an AI layer on top of it.
874
:They're hiring those folks
to be their salespeople.
875
:Like, Hey, I worked in, know, AutoCAD
or something like that as an engineer.
876
:Now AI is doing a lot of
that work on top of cad.
877
:but let's pull you in as a
salesperson to help sell that work.
878
:I think is is kind of,
we're seeing a shift there.
879
:but really the things that that
aren't getting impacted, I would say
880
:sustainability isn't getting impacted a
lot of the sectors, or sorry, a lot of
881
:the accelerators around sustainability,
like how we monitor climate impact, do.
882
:geospatial analytics, all of that stuff.
883
:you know, water, water analytics for
water quality are getting bolstered
884
:by AI but the scientists and the
people behind it going out into the
885
:field are not being impacted as much.
886
:they're really just
getting a better tool belt.
887
:Right.
888
:those are the things that
stick out to me right now, but
889
:it's, it's a great question.
890
:Jerremy: I love it.
891
:Let's
892
:daydream for a second,
893
:Spencer, using your
894
:wide
895
:array of skills and industries
that you worked with and
896
:worked for and worked under.
897
:What does 25 years from now look like,
898
:I
899
:mean, I get it.
900
:I get it.
901
:It's gonna be
902
:giant
903
:hypothetical all the way into the future.
904
:It's probably too far even imagine,
905
:but let's just do it for a bit.
906
:Where do you see America
as a country going
907
:as
908
:it
909
:relates to the, workforce
and to all the people using
910
:adopting,
911
:shifting into AI's already fully here.
912
:What's the country look like?
913
:Spencer Conley: Yeah.
914
:You know, actually I read an article that
got me thinking actually this morning.
915
:I think it's, it's gonna it's gonna
change a lot, you know, working in
916
:corporate America and, And consulting.
917
:I think my job's gonna change a lot, to
be honest with you it's gonna be more
918
:people focused, you know, shaking hands,
going to conferences, things like that
919
:Whereas where a lot of my work is now,
slide development, data analytics is all
920
:gonna be done by my junior resource ai.
921
:Right.
922
:but I do think there's gonna be a
big shift in the younger generation,
923
:the younger workforce going into
trade schools, going into, you know,
924
:machining or specific engineering
trades, things where, you know, you
925
:can drive out a van to go do something.
926
:I think that is where a lot of folks are,
are thinking about pivoting to because
927
:it feels secure, it's a specific skill.
928
:I don't think, you know, we're gonna
have 25 years from now, know, an AI
929
:engineer come in and fix, you know,
lighting in your house, which, which
930
:is, it's a little bit morbid because
that's, you know, not necessarily
931
:where you might want the, the brightest
minds to go of the younger generation.
932
:But I think that's where a lot of you
know, highly financially motivated and
933
:highly self-driven people from our younger
generation are gonna pivot towards.
934
:where does the thought leadership go?
935
:you know, outside of those spaces,
hopefully not to ai, but I don't really
936
:see like, a necessarily like clear
path for that to happen unless you
937
:get into academia or PhD in science
or, you know, healthcare space.
938
:Jerremy: Yeah.
939
:Which you're gonna,
940
:I love how you said, you
know, most impacted to least
941
:impacted, I mean, healthcare,
942
:health
943
:space, doctors, hospitals, right.
944
:Imaging
945
:vascular
946
:becomes so much more efficient.
947
:and.
948
:Help,
949
:help hopefully decrease a
lot of the costs as well.
950
:'cause healthcare in the US is
951
:too expensive.
952
:so
953
:there's gonna be a lot of
fun, a lot of fun changes, and
954
:a lot of ones that are scary.
955
:What
956
:about you, Mr.
957
:Dave Conley?
958
:If you had to daydream,
959
:Yeah.
960
:Three, five years from now look like?
961
:DC.
962
:Dave: Oh man.
963
:I think it's, it's,
964
:we, we, can't predict
more than than five and.
965
:For, for me, I, I, you know, I think like
we are at the inflection point right now,
966
:and, and it's, it's, it's no kidding.
967
:you know, like we're in a, a world of,
of sort of a, a lot of, I mean, there's
968
:a lot of change and it's a lot of, a
lot of, a lot of shifting, you know,
969
:shifting stuff under our feet, you know,
970
:and I know that I, I feel like that the
younger folks are, are concerned about
971
:like what their opportunities might be.
972
:I don't know.
973
:You tell me, Spence,
974
:Like,
975
:you know, like
976
:what's the, you know, like
what's the long term of things?
977
:and I think older workers are,
are scared of being boxed out.
978
:You know, it's like you don't
wanna lose your job in your,
979
:you know, forties and fifties.
980
:so, you know, if there's an economic
downturn, it might happen anyways, but is
981
:there gonna be a job on the other side?
982
:you know, like what?
983
:I mean, what I think about
Spence is like other,
984
:other countries
985
:like Denmark and Germany
and Singapore and Japan,
986
:like they have this real
987
:connection between
988
:industry, so enterprise industry
and academia and government.
989
:They all come together to be like, okay,
this is, these are the kind of things that
990
:we need to teach and be, and, and shape,
991
:you know, the entire workforce and.
992
:Like they're, they're
really deliberate about it.
993
:And in America it's like we
put everything on the worker.
994
:I mean, you've seen how, you
know, companies make these
995
:decisions from the inside.
996
:Is, is it,
997
:do we need to change something
in the United States and model
998
:what other countries do or do
they need to be more like us?
999
:Spencer Conley: Yeah, I I, I think
maybe a a healthy combination of both.
:
00:39:03,195 --> 00:39:07,065
I think, you know, the, the coming
together of higher education
:
00:39:07,065 --> 00:39:08,625
and government and industry
:
00:39:08,985 --> 00:39:09,555
on like, where do we
:
00:39:09,555 --> 00:39:10,305
really wanna drive
:
00:39:10,305 --> 00:39:11,865
this, given this like, incredible
:
00:39:11,865 --> 00:39:13,695
technology moving forward as a
:
00:39:13,695 --> 00:39:14,505
society is like
:
00:39:14,505 --> 00:39:18,865
a big picture, moment that, that
we just don't have right now.
:
00:39:18,925 --> 00:39:21,235
and I think it's leading
to, you know, a lot of
:
00:39:21,235 --> 00:39:23,275
competing interests and, you know, in.
:
00:39:23,860 --> 00:39:25,570
Right now in the economy,
it's, you know, how do
:
00:39:25,570 --> 00:39:26,800
we cut costs and how do we do
:
00:39:26,800 --> 00:39:28,330
things a little bit faster?
:
00:39:28,330 --> 00:39:31,870
So without that like unified vision and
how we're, we're teaching the younger
:
00:39:31,870 --> 00:39:35,470
generation on how to, how to execute
this vision, it's just gonna lead to
:
00:39:35,470 --> 00:39:39,520
more cutthroat mentality, which is
gonna lead to, you know, decreased,
:
00:39:39,730 --> 00:39:41,590
potentially decreased opportunities
:
00:39:41,680 --> 00:39:41,770
Jerremy: mm-hmm.
:
00:39:42,160 --> 00:39:43,150
Spencer Conley: In the workforce.
:
00:39:43,150 --> 00:39:43,660
But.
:
00:39:44,660 --> 00:39:45,110
Yeah.
:
00:39:45,110 --> 00:39:49,490
I mean that's, it's a really,
it's a really problem.
:
00:39:49,490 --> 00:39:52,040
I mean, now we're seeing
where, where I'm seeing a
:
00:39:52,040 --> 00:39:54,290
lot of folks like the
:
00:39:54,290 --> 00:39:55,310
college entering the
:
00:39:55,310 --> 00:39:57,290
workforce, come into
:
00:39:57,770 --> 00:40:01,220
provide value and, and leverage
AI is like, they, it, it's almost
:
00:40:01,220 --> 00:40:03,860
like, it's like a competition,
you know, it's like a shark tank.
:
00:40:03,860 --> 00:40:05,120
They just start playing around with AI
:
00:40:05,330 --> 00:40:06,860
come up with something
that they think is a
:
00:40:06,860 --> 00:40:08,990
a take market opportunity that they,
:
00:40:08,990 --> 00:40:10,940
can do better than
somebody else or that isn't
:
00:40:10,940 --> 00:40:11,510
being done.
:
00:40:12,510 --> 00:40:17,130
and come up with this cool coding
idea and try to use AI to, to scale
:
00:40:17,130 --> 00:40:23,580
it But, you know, it's either taking
another company's job or white space
:
00:40:23,580 --> 00:40:28,410
opportunities for a, a net new idea are
becoming fewer and far between, I think.
:
00:40:29,310 --> 00:40:30,150
Jerremy: Yeah.
:
00:40:30,210 --> 00:40:30,420
Yep.
:
00:40:30,420 --> 00:40:31,800
You, you really
:
00:40:32,800 --> 00:40:33,130
hinted
:
00:40:33,130 --> 00:40:33,760
towards this.
:
00:40:33,760 --> 00:40:35,640
I'll ask you more directly, before we
:
00:40:35,640 --> 00:40:36,210
go,
:
00:40:36,570 --> 00:40:36,870
before I
:
00:40:36,870 --> 00:40:37,050
go
:
00:40:37,050 --> 00:40:38,550
through some other quick questions.
:
00:40:38,820 --> 00:40:39,150
You
:
00:40:39,150 --> 00:40:41,880
are, you know, you and I
both, but we're really in that
:
00:40:42,880 --> 00:40:44,290
Cohort, let's call it,
:
00:40:44,590 --> 00:40:44,980
of
:
00:40:45,010 --> 00:40:45,790
what the series
:
00:40:45,790 --> 00:40:47,560
is about and, and who is really gonna
:
00:40:47,560 --> 00:40:48,310
be impacted
:
00:40:48,760 --> 00:40:49,030
knowing
:
00:40:49,030 --> 00:40:50,110
everything you know,
:
00:40:51,110 --> 00:40:51,260
the
:
00:40:51,260 --> 00:40:52,370
data, the clients.
:
00:40:52,370 --> 00:40:53,450
If you could grab
:
00:40:53,900 --> 00:40:54,230
every
:
00:40:54,230 --> 00:40:58,970
American your age by the shoulders
and tell them one thing about
:
00:40:58,970 --> 00:41:03,020
their working future that the
system is not preparing them for.
:
00:41:04,100 --> 00:41:04,610
Spencer, what
:
00:41:04,610 --> 00:41:05,030
are you saying
:
00:41:05,390 --> 00:41:05,510
to
:
00:41:05,510 --> 00:41:05,690
them?
:
00:41:06,050 --> 00:41:08,150
Spencer Conley: Oh,
that's a great question.
:
00:41:08,150 --> 00:41:11,810
I had a couple of conversations with, with
friends and peers recently about this.
:
00:41:11,810 --> 00:41:11,900
I
:
00:41:11,900 --> 00:41:17,540
would, I would shake them and
say, learn about ai, learn how to
:
00:41:17,540 --> 00:41:21,140
use it, learn what it can do, and
what some of the drawbacks are.
:
00:41:22,160 --> 00:41:26,060
also don't put all of
your eggs in that basket.
:
00:41:26,060 --> 00:41:27,620
So understand what it can do.
:
00:41:27,620 --> 00:41:30,470
Have all the information to
think critically about it, and
:
00:41:30,470 --> 00:41:33,260
don't just latch onto one single
idea or one single use case.
:
00:41:33,260 --> 00:41:34,190
'cause I think that just
:
00:41:34,610 --> 00:41:38,060
laser focuses people on like an idea.
:
00:41:38,060 --> 00:41:40,310
They think, oh, okay, well
now I have this great idea.
:
00:41:41,120 --> 00:41:45,390
I can use AI for this specific use case,
and come up with a company about it.
:
00:41:45,390 --> 00:41:46,560
But like, that's,
:
00:41:46,740 --> 00:41:48,840
I just think that's a little too laser
:
00:41:48,840 --> 00:41:49,530
focused.
:
00:41:50,160 --> 00:41:51,000
think big picture.
:
00:41:51,000 --> 00:41:55,440
Also, you know, think about what you truly
enjoy doing personally and even outside
:
00:41:55,440 --> 00:41:58,650
of work and see if there's, there's a
way that you can grow a career in that,
:
00:41:58,650 --> 00:42:00,480
that might not even be technology based.
:
00:42:00,480 --> 00:42:04,410
I think there's a, a little wake
up moment that I'm seeing a lot of
:
00:42:04,410 --> 00:42:07,110
my peers that have been working for
about 10 years kind of hit and they're
:
00:42:07,110 --> 00:42:09,750
like, I don't really like doing
what I've been doing for 10 years.
:
00:42:09,750 --> 00:42:12,210
I really like skiing.
:
00:42:12,210 --> 00:42:15,270
I'm gonna go out and, you know,
maybe work at Vail or Breckenridge
:
00:42:15,270 --> 00:42:16,110
or something like that.
:
00:42:16,110 --> 00:42:16,410
Right.
:
00:42:16,410 --> 00:42:16,890
So like.
:
00:42:17,685 --> 00:42:20,835
I think our generation was previously
shamed for thinking things like
:
00:42:20,835 --> 00:42:23,115
that, but I would keep an open mind.
:
00:42:24,105 --> 00:42:24,795
Jerremy: Yeah,
:
00:42:24,800 --> 00:42:25,170
totally.
:
00:42:26,170 --> 00:42:26,440
Totally,
:
00:42:26,440 --> 00:42:26,860
totally.
:
00:42:27,860 --> 00:42:27,920
All
:
00:42:27,920 --> 00:42:29,450
right, let's do a quick lightning round.
:
00:42:29,780 --> 00:42:29,900
You
:
00:42:29,900 --> 00:42:32,180
get an answer as long
or as fast as you want.
:
00:42:32,990 --> 00:42:33,170
Spencer Conley: Cool.
:
00:42:33,620 --> 00:42:34,040
Jerremy: Alright.
:
00:42:35,040 --> 00:42:36,000
Learn to code.
:
00:42:36,720 --> 00:42:38,700
s still good career advice in::
00:42:39,700 --> 00:42:41,390
Spencer Conley: Y this is a,
:
00:42:41,815 --> 00:42:42,385
I've thought about this.
:
00:42:42,385 --> 00:42:44,185
So I, I had to learn code on the fly.
:
00:42:44,185 --> 00:42:48,365
I would say yes because it helps you think
through problems, in a very unique way,
:
00:42:48,615 --> 00:42:50,355
that will help you even outside of coding.
:
00:42:50,595 --> 00:42:53,655
But no, if you think it's gonna
actually just get you a high paying job,
:
00:42:54,655 --> 00:42:54,685
Jerremy: I
:
00:42:54,685 --> 00:42:55,075
like it.
:
00:42:56,065 --> 00:42:56,575
Finish
:
00:42:56,575 --> 00:42:57,505
this sentence.
:
00:42:57,565 --> 00:43:01,105
The old American deal broke because of.
:
00:43:02,105 --> 00:43:03,395
Spencer Conley: the old American deal.
:
00:43:03,395 --> 00:43:05,735
Broke because of.
:
00:43:06,230 --> 00:43:09,830
this isn't the whole problem, but
probably, you know, just in the sense
:
00:43:09,830 --> 00:43:13,250
that you need to get a four year degree
and that four year degree can cost you
:
00:43:13,730 --> 00:43:18,710
$160,000, but that's your barrier to
entry to get the professional workforce,
:
00:43:18,950 --> 00:43:19,430
Jerremy: bro.
:
00:43:19,520 --> 00:43:20,270
Yes,
:
00:43:21,170 --> 00:43:21,710
yes.
:
00:43:21,770 --> 00:43:21,920
And
:
00:43:21,920 --> 00:43:22,250
also
:
00:43:22,250 --> 00:43:23,000
Spencer Conley: buying a house.
:
00:43:24,000 --> 00:43:25,800
Jerremy: Yeah, the, Old
American deal broke because
:
00:43:26,160 --> 00:43:26,370
it's
:
00:43:26,370 --> 00:43:28,620
built on an educational system that's
:
00:43:28,950 --> 00:43:33,360
been in place since the late 18
hundreds, and the entire country
:
00:43:33,360 --> 00:43:35,040
has changed so dramatically and so
:
00:43:35,460 --> 00:43:36,900
hugely, and that hasn't
:
00:43:37,680 --> 00:43:38,010
all.
:
00:43:38,465 --> 00:43:38,885
That's
:
00:43:38,885 --> 00:43:39,085
why,
:
00:43:39,625 --> 00:43:39,835
Dave: Well,
:
00:43:39,835 --> 00:43:40,315
then it was,
:
00:43:40,320 --> 00:43:40,650
Jerremy: right?
:
00:43:41,095 --> 00:43:42,745
Dave: well, and then it
was financed by debt.
:
00:43:42,780 --> 00:43:43,645
So, so it was like
:
00:43:43,645 --> 00:43:46,915
you, you take, take a system and then you
pour an enormous amount of money on top
:
00:43:46,915 --> 00:43:48,625
of it and like, well, what do you expect?
:
00:43:49,080 --> 00:43:49,380
Jerremy: Yeah.
:
00:43:50,380 --> 00:43:53,440
Spencer Conley: But it's also,
and I, you know, I keep coming
:
00:43:53,440 --> 00:43:55,690
back to my wife 'cause she, she
thinks about this stuff a lot too.
:
00:43:55,690 --> 00:43:59,560
But it's also, I think we were
all told you need to buy a
:
00:43:59,560 --> 00:44:00,640
house to become successful.
:
00:44:00,640 --> 00:44:02,650
Like, you gotta get married,
you gotta buy a house.
:
00:44:02,650 --> 00:44:02,980
Right.
:
00:44:03,980 --> 00:44:08,570
All of the jobs are in cities, cities,
houses are so expensive, outrageously
:
00:44:08,570 --> 00:44:13,490
expensive, so you gotta get the high
paying job, but the house is worth way
:
00:44:13,490 --> 00:44:15,230
or priced way more than it's worth.
:
00:44:15,230 --> 00:44:17,030
You feel like you need
to stretch to get that.
:
00:44:17,930 --> 00:44:19,700
but there isn't like a thought
of like, move out of the
:
00:44:19,700 --> 00:44:21,440
city, leverage remote work.
:
00:44:21,830 --> 00:44:25,610
and you can be very successful and save a
lot of money if, if you rent consistently.
:
00:44:25,610 --> 00:44:29,270
I think that's, impacting a lot of
my generation, at least right now.
:
00:44:29,870 --> 00:44:29,960
Jerremy: Mm-hmm.
:
00:44:30,960 --> 00:44:31,980
Yes.
:
00:44:33,000 --> 00:44:33,510
Yes.
:
00:44:33,540 --> 00:44:33,660
Is
:
00:44:33,660 --> 00:44:36,600
there a book that you read that
changed your mindset on that or gave
:
00:44:36,600 --> 00:44:38,430
you that shift or awakening Spencer?
:
00:44:39,430 --> 00:44:43,150
Spencer Conley: No, it was
really just peer peer learning.
:
00:44:43,260 --> 00:44:46,650
we bought a house, so like I
didn't fall into that, but we were
:
00:44:47,070 --> 00:44:51,420
really on the precipice of do we
just continue to rent and live in
:
00:44:51,420 --> 00:44:52,770
where we wanna live and save money?
:
00:44:53,250 --> 00:44:54,840
But we, we did end up buying a house.
:
00:44:54,840 --> 00:44:56,310
No, there, there wasn't a piece of
:
00:44:56,310 --> 00:44:57,900
literature that, that really mm-hmm.
:
00:44:58,140 --> 00:44:58,560
Influenced
:
00:44:58,560 --> 00:44:58,800
us.
:
00:44:58,805 --> 00:44:58,855
Mm-hmm.
:
00:44:58,935 --> 00:45:01,350
It was seeing friends to buy
:
00:45:01,350 --> 00:45:04,950
homes and then not be able to do
anything that they really enjoy and
:
00:45:04,950 --> 00:45:08,970
then continue to just work really
hard to be able to pay for said house.
:
00:45:09,390 --> 00:45:09,780
Jerremy: Yeah.
:
00:45:10,110 --> 00:45:10,440
Yeah.
:
00:45:11,440 --> 00:45:11,500
I
:
00:45:11,500 --> 00:45:12,250
mean, I see it too.
:
00:45:12,250 --> 00:45:13,120
And again, this, this,
:
00:45:13,170 --> 00:45:15,840
I wouldn't say the series is dedicated
to that directly, but there's,
:
00:45:15,870 --> 00:45:17,040
there's definitely a unique shift.
:
00:45:17,040 --> 00:45:19,620
And I mentioned to Dave in
a previous episode, I think
:
00:45:19,620 --> 00:45:20,880
that we should change the.
:
00:45:21,360 --> 00:45:21,900
American
:
00:45:21,900 --> 00:45:25,830
Dream from owning a home to owning a
thousand shares of the s and p 500,
:
00:45:26,620 --> 00:45:28,000
or the spy, right?
:
00:45:28,390 --> 00:45:28,870
Spencer Conley: I love it.
:
00:45:28,875 --> 00:45:29,095
Yeah.
:
00:45:29,290 --> 00:45:29,560
Jerremy: Yeah.
:
00:45:29,560 --> 00:45:29,680
It's
:
00:45:29,680 --> 00:45:33,730
like make that your shift because
one is a debt fueled instrument that
:
00:45:34,600 --> 00:45:36,310
essentially you pay into.
:
00:45:36,370 --> 00:45:41,290
And with mortgages and with interest
rates as they are approximately presently,
:
00:45:42,070 --> 00:45:42,370
your
:
00:45:42,370 --> 00:45:44,890
house needs to double in value.
:
00:45:45,685 --> 00:45:46,045
Over
:
00:45:46,045 --> 00:45:50,545
30 years to then when you sell it,
you actually end up making any return.
:
00:45:51,295 --> 00:45:52,735
granted, you can do a lot faster,
:
00:45:53,545 --> 00:45:54,055
obviously,
:
00:45:54,055 --> 00:45:54,385
but
:
00:45:54,715 --> 00:45:54,925
if
:
00:45:54,925 --> 00:45:57,985
you are buying and living in
it and you're going, again, the
:
00:45:57,985 --> 00:46:00,025
traditional American deal route,
:
00:46:00,415 --> 00:46:02,665
get married, get four
year degree, buy a house,
:
00:46:02,935 --> 00:46:03,175
work
:
00:46:03,175 --> 00:46:05,095
20 years, live in that
house, pay the house off,
:
00:46:06,095 --> 00:46:06,425
Dude,
:
00:46:06,455 --> 00:46:06,875
like
:
00:46:07,175 --> 00:46:07,325
you
:
00:46:07,325 --> 00:46:08,405
haven't actually made any money.
:
00:46:08,405 --> 00:46:08,465
Yeah,
:
00:46:09,425 --> 00:46:09,725
right.
:
00:46:10,565 --> 00:46:13,535
You know, both of your money is
going to debt and it's not pro
:
00:46:13,565 --> 00:46:16,625
producing any income, which makes
it, by definition a liability.
:
00:46:17,495 --> 00:46:17,585
Spencer Conley: Right?
:
00:46:18,425 --> 00:46:18,665
Jerremy: Yeah,
:
00:46:18,725 --> 00:46:19,265
Spencer Conley: absolutely.
:
00:46:19,265 --> 00:46:20,495
That, that's actually something, you
:
00:46:20,495 --> 00:46:21,035
know, I'd build
:
00:46:21,035 --> 00:46:23,945
on and say like actually Dave,
you know, being my, my uncle,
:
00:46:23,945 --> 00:46:24,395
really?
:
00:46:25,010 --> 00:46:26,570
Helped out with is, I think early in
:
00:46:26,570 --> 00:46:30,680
my career, I'd sat, he sat me down and I
asked like, what should I do financially?
:
00:46:30,680 --> 00:46:33,080
And a lot of it was
invest in the s and p 500.
:
00:46:33,710 --> 00:46:37,250
And I did that, without thinking about,
like, I wasn't even thinking about buying
:
00:46:37,250 --> 00:46:41,750
a house, but that foundation over 10 years
before I bought a house, not using that
:
00:46:41,750 --> 00:46:45,320
money for a house, did lay the foundation
for me to be a little bit more flexible
:
00:46:45,320 --> 00:46:49,130
down the road And is probably a better
financial investment than the house.
:
00:46:49,130 --> 00:46:51,170
I'm taking this podcast from.
:
00:46:52,170 --> 00:46:53,430
Jerremy: Yeah, no, I feel you, man.
:
00:46:53,915 --> 00:46:57,275
Dave: for your wedding, you almost
got 50 shares of, of, of Tesla.
:
00:46:57,275 --> 00:47:00,635
But I, I, I couldn't figure out how
to get the, get the share thing so.
:
00:47:01,635 --> 00:47:02,605
Jerremy: Well, I, love it.
:
00:47:02,725 --> 00:47:03,640
I love, I love that.
:
00:47:03,690 --> 00:47:04,440
I love that awareness.
:
00:47:04,440 --> 00:47:06,090
And, and I will also say, you know,
:
00:47:06,360 --> 00:47:07,050
because Grant
:
00:47:07,050 --> 00:47:07,710
Cardone
:
00:47:07,980 --> 00:47:08,430
posts
:
00:47:08,430 --> 00:47:10,770
on Twitter five times a
day, and I follow Grant,
:
00:47:11,190 --> 00:47:12,990
and I agree with some
of the things he says.
:
00:47:12,990 --> 00:47:14,520
I'm like 50 50 on Grant Cardone
:
00:47:15,520 --> 00:47:19,915
The, the the house thing is always one
that I have kind of agreed with for a
:
00:47:19,915 --> 00:47:21,295
long period of time where it's like, Hey,
:
00:47:21,625 --> 00:47:21,925
use
:
00:47:21,925 --> 00:47:25,075
your money that you want and then
go buy an asset and then rent
:
00:47:25,525 --> 00:47:26,245
liabilities.
:
00:47:26,305 --> 00:47:26,425
right?
:
00:47:26,425 --> 00:47:26,485
Yeah.
:
00:47:26,965 --> 00:47:27,295
So,
:
00:47:27,815 --> 00:47:28,540
and, and.
:
00:47:28,600 --> 00:47:30,670
and similar to what you did.
:
00:47:30,670 --> 00:47:31,570
You, I heard you say it right?
:
00:47:31,570 --> 00:47:34,270
You and your wife were renting, and
then you had your money in the s and
:
00:47:34,270 --> 00:47:37,270
p, and then that grew and you were
able to leverage that through whatever,
:
00:47:37,270 --> 00:47:39,130
down payments or just collateral or
:
00:47:39,400 --> 00:47:39,520
you
:
00:47:39,520 --> 00:47:41,590
know, your assets on your
p and l balance sheet.
:
00:47:41,590 --> 00:47:42,880
Hey, I can't afford to buy this house.
:
00:47:42,880 --> 00:47:43,480
And so you did.
:
00:47:43,570 --> 00:47:45,280
And that is also because.
:
00:47:45,880 --> 00:47:46,120
There
:
00:47:46,120 --> 00:47:46,660
are
:
00:47:46,960 --> 00:47:47,260
other
:
00:47:47,260 --> 00:47:48,730
people in your relationship
:
00:47:49,570 --> 00:47:49,660
' right?
:
00:47:49,895 --> 00:47:53,000
and, shout out to any man listening.
:
00:47:53,000 --> 00:47:55,310
Your woman wants a place of security
:
00:47:55,700 --> 00:47:56,000
and
:
00:47:56,000 --> 00:47:56,240
is
:
00:47:56,270 --> 00:48:02,480
calm for her nervous system to, to
nest, to be to own, to have to settle.
:
00:48:02,840 --> 00:48:06,560
And so there is that component
too that we have to consider where
:
00:48:06,560 --> 00:48:09,090
I think most dudes, if we had it
our way, would just live on a.
:
00:48:10,090 --> 00:48:10,210
A,
:
00:48:10,215 --> 00:48:15,035
a mattress in the middle of nothing and
just work and watch TV from a T, you
:
00:48:15,035 --> 00:48:18,185
know, from rent all day and just travel
and throw all our money into the markets.
:
00:48:18,185 --> 00:48:18,545
Sure.
:
00:48:19,415 --> 00:48:19,565
But
:
00:48:19,565 --> 00:48:21,275
there's another person
that you have to consider.
:
00:48:21,275 --> 00:48:24,365
And so there's also that component that a
lot of people don't bring up is you have
:
00:48:24,365 --> 00:48:27,035
to have that conversation with your lady
as well, which obviously I know you did
:
00:48:27,395 --> 00:48:28,055
and.
:
00:48:28,805 --> 00:48:28,895
I
:
00:48:28,895 --> 00:48:30,575
think it's just a, a beautiful awareness.
:
00:48:30,575 --> 00:48:31,865
Like, hey, communication is
:
00:48:32,195 --> 00:48:32,345
at
:
00:48:32,345 --> 00:48:34,145
the utmost importance
in all relationships.
:
00:48:34,625 --> 00:48:36,995
alright, so speaking of communications,
two more, two more questions.
:
00:48:36,995 --> 00:48:37,055
Yeah.
:
00:48:37,295 --> 00:48:42,785
What's the biggest lie the laptop class
is currently telling themselves about
:
00:48:42,785 --> 00:48:43,145
ai?
:
00:48:44,190 --> 00:48:44,410
the
:
00:48:45,410 --> 00:48:49,880
Spencer Conley: the laptop class is
telling themselves about ai, laptop
:
00:48:49,880 --> 00:48:53,480
class being, you know, I'd say like mid
to late career professionals, is that
:
00:48:54,570 --> 00:48:54,870
Dave: Nah.
:
00:48:54,870 --> 00:48:56,165
Anybody who works on a laptop.
:
00:48:57,260 --> 00:48:57,560
Spencer Conley: Oh.
:
00:48:57,680 --> 00:48:58,670
Is telling themselves.
:
00:48:59,150 --> 00:49:02,860
I would say that Hmm.
:
00:49:03,775 --> 00:49:04,825
That's a really tough light.
:
00:49:04,975 --> 00:49:07,075
This Is lightning, so I
gotta respond quickly.
:
00:49:07,135 --> 00:49:13,025
that they don't need to understand
it They, other people can understand
:
00:49:13,025 --> 00:49:15,035
it and It won't take, take their job.
:
00:49:15,065 --> 00:49:19,275
I think speaking from a point
of ignorance about ai, and
:
00:49:19,275 --> 00:49:22,665
just saying everything's gonna be okay,
I can keep grinding away at my computer,
:
00:49:22,785 --> 00:49:26,505
especially if you're just working remotely
or you're predominantly on a computer,
:
00:49:26,505 --> 00:49:28,005
is a, is a really dangerous place to be.
:
00:49:29,085 --> 00:49:29,355
Jerremy: Yeah.
:
00:49:30,165 --> 00:49:31,305
Spencer Conley: And the
people skills, right?
:
00:49:31,485 --> 00:49:31,725
Jerremy: Yeah.
:
00:49:31,725 --> 00:49:33,285
Well, I mean, it, is, it's a big lie.
:
00:49:33,285 --> 00:49:34,455
It's like, oh, it's gonna be fine.
:
00:49:34,455 --> 00:49:34,965
I'm good.
:
00:49:34,995 --> 00:49:36,045
I'm, I'm gonna be shielded.
:
00:49:36,825 --> 00:49:37,185
dog,
:
00:49:38,185 --> 00:49:38,615
No, no.
:
00:49:38,620 --> 00:49:38,740
I
:
00:49:38,740 --> 00:49:40,285
don't think most people are shielded.
:
00:49:40,565 --> 00:49:42,395
it's gonna be something that's gonna
be, I mean, it's just gonna be a
:
00:49:42,395 --> 00:49:44,195
requirement kinda like the computer,
:
00:49:44,675 --> 00:49:45,185
you know,
:
00:49:45,875 --> 00:49:48,815
you said, I don't want to ever learn the
computer, that's just not gonna be for me.
:
00:49:49,085 --> 00:49:49,265
That's
:
00:49:49,265 --> 00:49:51,545
probably how AI is gonna
be, except obviously faster.
:
00:49:52,295 --> 00:49:52,655
Right?
:
00:49:52,785 --> 00:49:53,085
right.
:
00:49:53,145 --> 00:49:56,745
we all gonna need to, to understand it
and to integrate it into work with it.
:
00:49:56,835 --> 00:49:58,095
That makes, makes perfect sense.
:
00:49:58,095 --> 00:49:58,155
Yeah.
:
00:49:59,155 --> 00:49:59,575
Spencer Conley: And I think.
:
00:50:00,575 --> 00:50:03,905
Also one of the biggest laws
is like, you know, lot of work
:
00:50:03,905 --> 00:50:05,285
is done on a computer, right?
:
00:50:05,315 --> 00:50:09,455
and companies do like, social events, and
there's a lot of professional networking.
:
00:50:09,455 --> 00:50:13,735
And I think a lot of our, our generation
right now is, too busy right now, on
:
00:50:13,735 --> 00:50:17,665
the computer to take their head out of
the computer and actually work with real
:
00:50:17,665 --> 00:50:20,695
people on real things in the real world.
:
00:50:21,775 --> 00:50:25,495
and social skills, you, know, we're seeing
a decline in that, in, in the workforce,
:
00:50:25,495 --> 00:50:26,755
kind of across the board because of that.
:
00:50:27,755 --> 00:50:27,995
Jerremy: Yeah.
:
00:50:28,085 --> 00:50:28,565
I love it.
:
00:50:29,555 --> 00:50:29,945
Well,
:
00:50:30,945 --> 00:50:31,275
thanks
:
00:50:31,275 --> 00:50:31,545
man.
:
00:50:31,605 --> 00:50:32,895
This was a fun conversation.
:
00:50:33,015 --> 00:50:34,125
It was really a great meeting.
:
00:50:34,185 --> 00:50:35,295
You, I am
:
00:50:35,655 --> 00:50:37,935
a huge raving fan of your uncle,
:
00:50:38,935 --> 00:50:39,295
and,
:
00:50:39,295 --> 00:50:39,520
me too.
:
00:50:39,990 --> 00:50:44,675
yeah, super, super happy that you
joined us on the podcast because
:
00:50:44,975 --> 00:50:45,335
again,
:
00:50:45,335 --> 00:50:49,175
our goal is to not only take this
information, but to share it, to learn, to
:
00:50:49,895 --> 00:50:53,045
crosspollinate, co-create, collaborate,
:
00:50:53,465 --> 00:50:54,305
synergize.
:
00:50:55,175 --> 00:50:58,505
All types of information
and just really create and
:
00:50:58,505 --> 00:51:00,695
determine some actual value that
:
00:51:01,055 --> 00:51:01,325
takes
:
00:51:01,325 --> 00:51:02,195
problems,
:
00:51:03,215 --> 00:51:03,455
comes
:
00:51:03,455 --> 00:51:04,655
up with solutions,
:
00:51:05,375 --> 00:51:08,765
begins implementing them faster than
people might imagine possible, because
:
00:51:09,185 --> 00:51:12,485
that's what this podcast is aimed
to do, solve America's problems.
:
00:51:12,515 --> 00:51:16,505
If you are listening to this, thank
you so much for making it to the end.
:
00:51:16,535 --> 00:51:18,605
Please go ahead and share this
episode with your friends,
:
00:51:18,875 --> 00:51:20,705
anyone that you know that works
:
00:51:21,005 --> 00:51:21,245
if they
:
00:51:21,245 --> 00:51:21,935
have a job.
:
00:51:22,935 --> 00:51:23,715
send this to them.
:
00:51:23,715 --> 00:51:25,755
And if they don't have a job, definitely
send this to 'em 'cause they have all
:
00:51:25,755 --> 00:51:26,955
the time in the world to listen to it.
:
00:51:27,795 --> 00:51:27,975
So
:
00:51:27,975 --> 00:51:30,735
two people that should listen to
this episode, send it to 'em, share
:
00:51:31,425 --> 00:51:35,715
it with your friends, click the five
star review, follow us on Twitter
:
00:51:36,045 --> 00:51:36,315
and
:
00:51:36,315 --> 00:51:39,495
also Instagram Solving
America's Problems Podcast.
:
00:51:39,855 --> 00:51:40,035
Thanks
:
00:51:40,035 --> 00:51:40,755
so much for listening.
:
00:51:40,815 --> 00:51:41,235
You rock.
:
00:51:42,235 --> 00:51:42,685
Dave: All right.
:
00:51:42,685 --> 00:51:43,405
What'd you learn?
:
00:51:43,585 --> 00:51:44,845
What did you learn?
:
00:51:45,845 --> 00:51:47,465
Jerremy: I learned that you
have great people in your life.
:
00:51:48,465 --> 00:51:49,095
Dave: Yes, I do.
:
00:51:49,676 --> 00:51:52,946
Jerremy: I learned that you know
the answer, Saul, you know, right.
:
00:51:52,946 --> 00:51:54,686
Buy, in the s and p.
:
00:51:54,686 --> 00:51:55,616
Don't buy a house yet.
:
00:51:56,145 --> 00:51:56,445
Dave: Hmm.
:
00:51:57,026 --> 00:52:00,026
Jerremy: dude, I still, I, I
definitely learned that the college.
:
00:52:01,061 --> 00:52:01,811
is still broken,
:
00:52:02,415 --> 00:52:02,745
Dave: Yeah.
:
00:52:02,801 --> 00:52:03,851
Jerremy: system is still broken.
:
00:52:04,161 --> 00:52:07,311
I heard Spencer very clearly say, yeah,
man, I just took a different route and
:
00:52:07,311 --> 00:52:10,341
kind of figured it out and did things
a little differently and now I'm not in
:
00:52:10,341 --> 00:52:14,511
debt and I invested properly and me and
my wife can buy a house and a lot of the
:
00:52:14,511 --> 00:52:16,341
problems are gonna affect 95% of this.
:
00:52:17,241 --> 00:52:20,031
The workforce don't affect me
because I had great mentors.
:
00:52:20,091 --> 00:52:20,901
You in my life.
:
00:52:20,901 --> 00:52:24,631
I had, people that I listened to
and I just did a, a few things
:
00:52:24,841 --> 00:52:26,521
differently than most people would.
:
00:52:27,481 --> 00:52:28,621
That's, that's what I heard.
:
00:52:29,536 --> 00:52:30,166
That's what I learned.
:
00:52:30,196 --> 00:52:34,766
I mean, it's, it's repetitive, fortunately
slash unfortunately, because that is
:
00:52:34,766 --> 00:52:39,086
really the problem is kinda like I
said in the podcast, and I've probably
:
00:52:39,086 --> 00:52:45,026
said it 400 times in my life every
other week for the last 10 years, the
:
00:52:45,026 --> 00:52:50,126
education system in America's Broken
College is broken, dude, and we need,
:
00:52:50,186 --> 00:52:51,656
we need desperately to restructure it.
:
00:52:52,611 --> 00:52:56,001
and to change it and to update it, and to
implement it, and to make it faster and
:
00:52:56,001 --> 00:53:06,321
more flexible and more adaptable because
we, American contract, this American dream
:
00:53:07,321 --> 00:53:09,301
was created in the Industrial Revolution,
:
00:53:09,940 --> 00:53:10,140
Dave: Yeah.
:
00:53:10,621 --> 00:53:13,651
Jerremy: and we are entering, I,
I actually had a podcast fun fact,
:
00:53:13,651 --> 00:53:16,111
that no one ever listened to called
the Fourth Industrial Revolution.
:
00:53:16,950 --> 00:53:17,070
Dave: Hmm.
:
00:53:17,341 --> 00:53:20,611
Jerremy: In 20 16, 20 17, talking
about crypto and how crypto is gonna
:
00:53:20,611 --> 00:53:25,241
change the world specifically, and
also all the things are gonna be
:
00:53:25,241 --> 00:53:29,331
coming with crypto Web3 and you know,
the fourth industrial revolution.
:
00:53:29,331 --> 00:53:33,171
So we're here and we're, we're getting
into the AI world, and guess what?
:
00:53:33,171 --> 00:53:34,851
College schools still the same.
:
00:53:34,851 --> 00:53:38,251
It's like, bro, 140 years later, right?
:
00:53:38,461 --> 00:53:38,701
No.
:
00:53:38,701 --> 00:53:40,501
And no one's working in factories anymore.
:
00:53:40,940 --> 00:53:41,240
Dave: Yeah.
:
00:53:41,251 --> 00:53:44,881
Jerremy: No one's doing the
30 year career, the 30 year.
:
00:53:45,881 --> 00:53:49,901
Mortgage the 30 year, like we're doing
things differently and yet that huge
:
00:53:49,991 --> 00:53:53,811
portion of this country is unchanged.
:
00:53:53,961 --> 00:53:55,341
Like that to me is a travesty.
:
00:53:56,341 --> 00:53:56,421
Dave: Hmm.
:
00:53:57,421 --> 00:54:03,186
This, this is what I, I heard because
we, we went all, all around like AI and,
:
00:54:03,191 --> 00:54:05,071
and Spencer's path and the rest of it.
:
00:54:05,461 --> 00:54:09,721
But I think what I, I took most from
it and what I think our, our listeners
:
00:54:09,721 --> 00:54:16,951
can hear from this is that the, the
insulation from the insulation, from,
:
00:54:16,981 --> 00:54:22,321
from, from bad stuff happening and
the lever in order to have success.
:
00:54:22,831 --> 00:54:25,441
The one thing that doesn't change.
:
00:54:26,146 --> 00:54:28,546
Is that it still is about people.
:
00:54:29,446 --> 00:54:33,736
and, and to the side of that is don't
get into crushing debt because that, that
:
00:54:33,736 --> 00:54:35,656
really limits your ability to do anything.
:
00:54:36,016 --> 00:54:38,866
But what I mean by it's
all about people is this.
:
00:54:39,421 --> 00:54:44,461
You know, no matter how much AI is going
to, you know, change your world, there
:
00:54:44,461 --> 00:54:49,321
is always going to be a lot for somebody
who has that people skill, that has that
:
00:54:49,321 --> 00:54:54,301
ability to go and shake hands that has
that ability to connect that you can
:
00:54:54,451 --> 00:55:00,631
create or, or, you can create and be,
be a, you have a, so much more freedom.
:
00:55:01,121 --> 00:55:04,721
so many more opportunities
by the connections that you
:
00:55:04,721 --> 00:55:08,321
make and the connections don't
happen from behind a screen.
:
00:55:08,381 --> 00:55:13,151
They happen with old fashioned networking
and calling people and getting them on
:
00:55:13,151 --> 00:55:16,841
the phone and being truly interested
in who they are and what they do.
:
00:55:16,841 --> 00:55:16,851
And.
:
00:55:17,226 --> 00:55:21,576
That no matter what comes your way,
whether it's ai, whether it's changing
:
00:55:21,576 --> 00:55:24,906
in your job, you know, like it's never
too late to actually learn the skill.
:
00:55:24,906 --> 00:55:28,716
And that is going out and, and
being, just being truly interested
:
00:55:28,716 --> 00:55:29,976
in connecting with other people.
:
00:55:30,066 --> 00:55:34,116
And that is going to be, you know,
like, that's going to be your future.
:
00:55:34,116 --> 00:55:37,716
As far as any kind of workforce
development goes, any kind of work, a
:
00:55:37,716 --> 00:55:41,436
workplace, any, anything, it's, it's
still always gonna be about people.
:
00:55:42,216 --> 00:55:43,026
At least I hope it will.
:
00:55:44,026 --> 00:55:44,296
Jerremy: Yeah.
:
00:55:44,446 --> 00:55:45,046
Yeah, let's hope.
:
00:55:45,166 --> 00:55:45,976
But I agree with you.
:
00:55:46,856 --> 00:55:47,426
Totally agree with you.
:
00:55:47,786 --> 00:55:52,621
I mean, that's gonna be I, I think,
and back to what Spencer said,
:
00:55:53,075 --> 00:55:53,495
Dave: Yeah.
:
00:55:54,495 --> 00:55:56,805
Jerremy: it's like add value,
find a way to add value.
:
00:55:56,864 --> 00:55:57,284
Dave: Mm-hmm.
:
00:55:58,215 --> 00:56:01,305
Jerremy: is probably a skillset set
that will never go away, meaning it's
:
00:56:01,305 --> 00:56:04,995
always gonna be needed and it's just
gonna change how we can add value.
:
00:56:05,625 --> 00:56:06,015
Right?
:
00:56:06,045 --> 00:56:10,395
45 years ago, weren't adding
value through a YouTube channel
:
00:56:11,085 --> 00:56:13,035
doing webinars, and now that's.
:
00:56:14,130 --> 00:56:17,430
all I do to add value, to
add value to the world.
:
00:56:17,430 --> 00:56:21,930
So va, the value component is changing,
will change and will continue to change.
:
00:56:22,380 --> 00:56:24,720
But as long as you have that mindset
of like, Hey, I wanna show up and
:
00:56:24,720 --> 00:56:27,750
figure out a way to make it better,
figure out how this opportunity
:
00:56:27,750 --> 00:56:30,510
changed places didn't go away.
:
00:56:31,200 --> 00:56:32,460
And learn how to adapt to it.
:
00:56:32,460 --> 00:56:40,620
Learn how to pivot, learn how to
create to think and grow rich.
:
00:56:41,620 --> 00:56:41,980
Dave: Boom.
:
00:56:42,980 --> 00:56:44,420
Mike a drop.
:
00:56:44,836 --> 00:56:45,436
Jerremy: Yeah,
