Latest / Financial Survival Network / 2024 -- A Year of Opportunity with Carl Gould #5997

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2024 -- A Year of Opportunity with Carl Gould #5997 · Financial Survival Network

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  You know, if you've gone to most airports now they have driverless trains.
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  Yeah, you know Detroit Nor many of them get on the air train.
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  It's remote, you know, and electric, and so pretty soon they'll be
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  The shuttle busses will be that. Pretty soon, the city mass transit will
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  be that. Pretty soon, the train and mass transportation system will be that.
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  I think we're going to see that first. And then you know,
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  autonomous technology right now is here and it's it's up to standard. It's just
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  a question of us as humans being willing to accept it. You're listening to
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  Carrie. Let'sa's financial survival network where you get valuable information you just can't find
• 0:36
  anywhere else to thrive in today's trying times. You need the Financial Survival Network
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  now more than ever. Go to Financial Survivalnetwork dot com and get your free
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  newsletter and gift. Financial Survival Network now more than ever, And welcome you
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  are listening to watching the Financial Survival Network on yours Carrie Lutz. Well,
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  it's a new year. There's new things happening. There's things that were happening
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  before that you didn't even realize were happening. The Master of trend Analysis Carl
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  Gould is with us now you find him at Carlgould dot com and Carl's happy
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  New Year. It's great to have you back on the show. Hey,
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  happy twenty twenty four, Carrie. Great to be back and looking forward to
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  a productive year. All right, so what of twenty twenty four? What
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  you know, we've talked about people working from home, not going back to
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  the office. This has led to like massive dislocations in the commercial real estate
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  industry. Things like that are going on. Looks like less and less people
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  heading to the malls all the time. What do you see for twenty twenty
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  four in terms of trends. Yeah, so if we want to take commercial
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  real estate as the first one, commercial real estate has to reinvent itself.
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  It's been a troubling time. The pandemic accelerated what was already happening, which
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  is that you know, companies just simply don't need as much space as they
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  did before. Right, so the pandemic comes along. We have to set
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  all of our employees home. But we've got these massive leases that we have
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  for commercial real estate, so we have to get rid of those. We
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  have the league, we have to break those leases. We have to get
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  out of that commercial space. And so now there's a glut of office space.
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  The New York City has off the space. There are a number of
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  you know, there are hundreds of thousands of square toir feet that are empty
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  right now. And the commercial real estate world has to reinvent itself and you're
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  seeing it where they're converting what was once off the space into partially residential,
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  partially industrial. There's rezoning that's going on now because of that that affects businesses.
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  They don't they want to come back to the office because over the last
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  couple of years they realized that you don't build a great business by sending everybody
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  home, putting them in a silo, and then rarely speaking with each other.
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  So they want everyone to come back, but they don't even have the
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  space for all of them if they could get them back. So what are
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  they doing. So the hybrid work for the hybrid workplace is becoming more and
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  more prominent, and you're going to see that as a trend for at least
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  the next five to ten years. Okay, So the hybrid workplace, we're
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  talking where you work like two days or three days in the office, two
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  or three days at home. So can people really be as productive at home
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  as they are in the office. We're not talking about people that own their
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  own companies, but employees and other contract workers and such. Is it possible
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  to keep them as productive? I struggle with are they as productive? They
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  can be efficient a little bit more efficient because they're not driving for work and
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  driving back, and if they're already on their computer. There are certain things
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  that if you know, for a long, long term project, that sort
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  of thing, so they're not in erupted as much. But for the most
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  part, you're going to be more productive at work. There was a study
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  that showed that if you put a lowerduct productive person next to a higher productive
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  person, the lower productive person will increase their productivity by at least fifteen percent
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  just by being in the same room with a higher achiever or a higher product
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  higher performing person. So there is something about being in the same room with
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  other people. Right You're not as likely to just go take a nap or
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  walk in the next room and watch TV. If you're at deep office,
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  you're more likely to maintain the momentum of the day and you're more likely to
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  get things done. If you have to leave by a certain time, whereas
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  when you're working at home, you're gonna say, yeah, what's the big
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  deal, I'm home anyway, I'll just pick it up tomorrow. So there's
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  that aspec and there's also the mental health aspect of it. We you know,
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  it's those coincidence that mental health issues have risen, you know, during
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  the time of the pandemic when everyone was stuck at home for that extended period
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  of time. It's not a coincidence. Okay, So I buy that that
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  productive people, that's why you hired them, and they bring a certain energy
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  to your workforce and help you get more out of your workforce than you could
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  perhaps by yourself. Is there any way to replicate that from working from home?
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  Do you think? Well, you could have, and I've seen teams
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  do it. You could have what's called virtual workshop time. So rather than
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  having a huddle that says, hey, for the next few days, we're
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  going to work on these projects on our own, you would leave the video
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  on as if everybody was in the room together, and you would all be
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  working and collaborating as if you're all in the same room. So there's a
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  law firm that we know of where one of the one of the partners at
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  his desk leaves his video on if he's working remotely, and you can walk
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  into his office as if you were there, and you could have impromptu meetings
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  on the spot. So there are ways to do that. We've seen that
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  work that could be And again, you still have the you know, you
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  still have the person looking at you, you're looking at them, you're working
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  together at the same time, So there are there are ways that you could
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  be a bit more productive. The other thing that you can do is use
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  a techniquell time blocking where you where you block out, say two hours,
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  and you say, I'm going to give you this deliverable two hours from now,
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  let's say two o'clock, and that person at eleven fifty goes on there
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  and says, hey, do we have that. Yes, we do,
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  great, thank you, and they take that and they run with the next
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  they run with the next part of that task. So you can use time
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  blocking, you can use deadlines, you can use open virtual workshops. So
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  there are ways to remain equally as productive. Okay, so you know,
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  I was watching something the other day. Even air traffic control towers they're doing
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  remotely. No, obviously you can't be an air traffic controller from the comfort
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  of your living room. But they're actually in smaller airports with less traffic.
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  They're setting up remote towers, and then in a larger air traffic control center
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  they've got the feeds to those cameras and a controller you know, spends part
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  of his time controlling that airfield that was otherwise uncontrolled and hopefully making them more
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  safe. Sapping mostly in Europe, not so much in the US, So
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  that type of remote work really can be beneficial. And the ability to tie
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  together offices so you have a big screen there and you keep the video feed
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  going and everybody's one kgappy family, right, yeah, you're live. It
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  might be best. So if you think about it, if you have three
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  small airports that required one person at each, that person is literally working in
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  a silo by themselves. However, you take those same three people, put
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  them in the same room and say you are now responsible for these three small
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  airports. You can have rotating ships, you have people collaborating at the same
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  time. That might actually be that's one of those scenarios where being remote,
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  because it's live, it's interactive, and it's collaborative, you know, can
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  build a really strong culture yeah, yeah, I like the concept of it,
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  and it should increase overall safety and then it's pretty soon it's like,
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  you know, they build these huge towers at airports. They're like three hundred
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  and fifty feet high, so they can see everything that's going on, and
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  still they can miss things. But if you have like a bunch of video
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  feeds, they don't necessarily need to be at the airport or in They could
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  just be in a regular building and doing the same or better work. So
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  this is the example where the technology just never really it never really stops moving,
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  does it, right, And in a case like that, they're using
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  basically the same technology that they would use if they were at that airport.
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  Yes, you are missing the availability of a window where you can look out
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  and physically see the runway, but for every other use, you know,
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  it's the same. So yeah, those are some examples as to where it
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  could be. You know, I think over time, as we're seeing a
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  massive restructuring of the workforce. Now we always say to our clients, you
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  should staff to the valleys, sub contract to the peaks. That's a big
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  thing for us, so and we're seeing that more and more as a trend.
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  So companies are saying, what's our slowest time of year. We will
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  have w two employees for that, and we will use agencies and other companies
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  in a strategic alliance to cover our peak busy times. That's going to allow
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  a company to correct itself and have everybody back into an office. So I
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  think the trend is back to the office. The office is going to be
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  a more enjoyable place to be because it's not just going to be work.
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  It's going to be work play, right, You're going to work play,
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  relax. It's going to be like a third spot. There's going to be
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  a lounge. There's going to be some interactive areas, there might be a
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  gym in the building. You know, it's going to have other services.
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  So going to work is not going to be the same as it was,
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  you know, ten twenty years ago. Hey, I find it interesting.
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  You know, I've been working from home for the past thirteen years, and
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  for me, it's my company. I'm going to be as productive as I
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  can be regardless where I'm working. But I do miss the concept of having
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  some place to go, and I thought about a co working space. It's
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  just not practical when you have a studio. They do have studios there,
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  and I kind of discounted that, but I do miss the ability to see
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  people and interact and tell jokes and stories and all that. So I feel
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  like this millennial generation or disease who really came into the workforce during the pandemic
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  and after kind of missing out on something. Hey, one other trend I
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  want to talk about is the real robot trend optimists from Tesla, which appears
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  that they're really going to be doing tasks that in the past only humans can
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  do. And how fast is that going to catch out? I think it's
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  going to be huge, Yeah, I think. Look, robots have been
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  part of our lives for years. We haven't used the word all that much,
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  but when we send an email, we used a robot. When we
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  went online, and we reserved our table at a restaurant, we used robot.
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  Right, So robots have come in a lot of different forms, but
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  robots, you know, robots have been cutting our lawn and they've been cleaning
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  our carpets for a while, you know, and robots have been cooked,
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  you know, uh, brewing our coffee and heading over a lar you know,
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  sending you know, announcing our alarms. In the morning. So,
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  yes, you're going to see a trend where there's going to be more and
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  more and more robots. So you remember the Jetsons cartoon, all right when
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  you're a kid. I love that. That was basically the final It was
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  the Flintstone set in the future exactly exactly exactly, so the Jetsons where there
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  was a robot made and they did video calls, and they got into the
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  little spaceship and when they went to their office, and you know the kids
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  used at the time, they show that they used these phones, these these
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  small phones that you could make video calls on all of those things. That's
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  where we're headed because look, the reality is is there are certain asks that
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  we just as humans don't need to be doing, but we're doing them because
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  we haven't invented the robot yet. Think about we used to wash our dishes
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  by hand. We put them in a dish washer. Now is anybody really
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  lamenting the fact that we're not washing dishes? You know, is there gonna
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  be a world crisis if you know, all of our carpets and our walls
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  get cleaned by a robot or a drone. No one's gonna care because we
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  don't want to be doing that work anyway, right, So there are certain
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  work that just makes sense to because you know, and it just there's better
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  things to be doing with our time. And so I think you seeing increasingly
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  more use of robots, and I think we're going to embrace it. I
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  don't think this is one of those things that we're regretting or trying to shun.
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  I think we want them. I think there's jobs that we never contemplated
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  doing because it is impossible for a human to do it. And these jobs
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  will be able to be performed by robots and they're meaningful, but they were
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  just impossible before this. Remember that the tractor was going to end civilization as
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  we knew it because it was going to put the farmer out of work.
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  And what are we going to do with all the rules and the courses,
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  Yeah, a tractor. Right, So you're right the people think that technology
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  is going to hurt or change our lives. It's the opposite. The lack
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  of technology is slowing down the progression in our lives. I go back ludd
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  Heights. They were members of a nineteenth century movement of English textile workers who
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  opposed the loom. You know, Yeah, fortunately they lost because if they
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  had won, Uh, we probably wouldn't have any technology. Now that was
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  two hundred years ago, exactly exactly, and because of the loom, it
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  led to other types of manufacturing, and now we have mattresses and slows and
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  we can create products that we could never create before for on any on any
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  scale. I mean, it's going to it does require change, and I
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  know change is scary for some people, but at the end of the day,
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  there are you know, technology is going to make our lives better in
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  many ways, not necessarily inhibitos. And you know, if they try to
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  go smash the Optimist robots, those robots might be fighting back, right,
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  Well, we want that jets since we don't want the turbineer for sure.
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  That you know, well in warfare, you know, drones and everything else
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  we're saying in pretty soon, I believe that robots will displace many of the
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  soldiers on the battlefield and then it's going to be who can build the best
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  robots and with the most robots at any any given time. Right, Oh,
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  there's no doubt. Listen, my son is in the army, he's
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  out in the field, and I love the fact that they have drones that
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  they can send a personal drone around the corner to see where the enemy is
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  rather than sending humans out there and only one, you know, to find
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  out where the enemy is. So yeah, drones are very much in use.
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  Writing it out a lot of technology. If you remember, the reason
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  why the movie Top Gun Maverick book so long to make was they were trying
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  to find a viable story because in you know, in air warfare, drumones
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  are in such prominent use. There's just simply not a lot of adult fighting
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  that happens anymore. You know, we have the planes, we need them,
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  but the drones do most of the dirty work they do, and they
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  combine, they become a force multiplier. Well, thank you for your sacrifice
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  and your son's service. We appreciate that. And yeah, it's it's it's
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  really interesting because you know it just the AI combined with the robotics taking over.
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  I mean, you can see the day coming when knocking any drivers anymore,
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  right right, well there, you know you're starting to see that already
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  with municipalities airports that are using you know, if you've gone to most airports
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  now, they have driverless trains. You know, Detroit newer many of them
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  get on the air train. It's remote, you know, and electric,
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  and so pretty soon they'll be the shuttle busses will be that. Pretty soon,
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  the city mass transit will be that. Pretty soon, the train and
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  mass transportation system will be that. I think people are going to see that
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  first. And then you know, autonomous technology right now is here and it's
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  it's up to standard. It's just a question of us as humans being willing
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  to accept it. But the technology is here now, we can deploy it
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  now. Yeah. So you know, with this winter and this cold staff,
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  there was a lot of things that people having problems charging their cars at
• 17:51
  public charging stations the evs and the range goes down because it's cold, and
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  you know that the modern day Luddites are basically saying, no, you see,
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  we told you these evs are do good. But evs are here to
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  stay right and they're going to predominate. There's no question. There's no question
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  the evs are here to say. You know, let's think back to when
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  cell phones first came out. There are more cell phones than this than there
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  was support. You know, the more there was more cell phones than there
• 18:22
  were networks to support them. Remember, when you the whole thing. And
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  we still talk about it today. How many times do your calls drop?
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  How many times you drop me? Can you hear me? Yeah? Hear
• 18:30
  me? Now? Can you hear me? Now? Do you have me?
• 18:33
  Oh? Sorry, dropped off the call? We accepted it was there.
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  There are still more. I remember I had the big bag phone in
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  my mica. Oh god, you know in the night right, yeah exactly,
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  it was. It was a you know, it's like that you know,
• 18:48
  recon thing you put on your back. It was. It was a
• 18:52
  brick and and so even still thirty years later, there's still more phones out
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  there than you know, networks to support it. Go to a hotel or
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  go to a concert, or go to a you know, a conference center
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  and try to use the Wi fi there. It's so slow because it can't
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  handle the ten thousand people that are on it at it and given time.
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  So there's always going to be that, and ev car sales will always be
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  greater than the electrical grid to support. It's always going to be the case
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  for the next you know, probably yeah, exactly exactly. But you know
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  what's going to happen is it will force those that will profit from it to
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  figure out how to make better battery technology, or if you remember, Tesla's
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  vision in the beginning was that they would own the battery. You would drive
• 19:41
  the car, so you'd pull into a charging station, they would just swap
• 19:45
  out your battery pack. Right, So we might see, you know,
• 19:48
  the fuel cell. We might see that, you know, the battery cell,
• 19:52
  I should say, so we might see that still, I mean there
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  there will be there will be uh echnol much fool advances that allow for us
• 20:03
  to support the electrical grid. You know. I think I think those cars
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  make sense. There's a lot of there's a lot less moving parts, there's
• 20:11
  a lot less maintenance. You ask a Tesla owner how much service they have
• 20:15
  to do to their vehicle after for a few years, they just it's rare.
• 20:19
  It's software update. You might have to redo the breaks, you might
• 20:22
  have to change the tires. But it's a lot less moving parts. So
• 20:26
  there's a lot of efficiencies there, you know. So I see that's a
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  trend that's going to continue. Very true. Well, a lot of interesting
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  things coming for twenty twenty four, and you just have to pick your place
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  and go for it. I think Carl, just tell us again, where
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  we find you. How we connect with you on the web. You can
• 20:44
  find me at Carlgould dot com. That's c A R L G o U
• 20:48
  l D dot com and that's the best way to do that. We can
• 20:52
  intersect, all right, and we'll save you the typing in the URL.
• 20:57
  Just go to the show notes to this show and Financial Survival Network dot com.
• 21:03
  The link is there. Click it take you right there. While you're
• 21:06
  there, sign up for your free newsletter Carl Always a pleasure. Thanks for
• 21:08
  stopping by, Thanks Kerriy. Happy twenty twenty four to you all. Thanks
• 21:12
  for listening to Carrie Lenz's Financial Survival Network, your solution to today's trying times.
• 21:19
  For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network
• 21:26
  now more than ever,