Pace Morby at Bigger Pockets: What You Need to Know

SPEAKER_1 (0:01)

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Michael Zuber (0:31)

All righty, folks, as you know, I was at Bigger Pockets Orlando last week as a featured speaker. And because I was there, I got to see the one and only Pace Morby.

Pace Morby was in the house and he actually laid out a story that I want to share with you and Bo and ask, what does this mean? What should we do before I get into that story? Bo, how you doing, man? What's going on?

Beau (0:53)

I'm doing well. I'm interested in learning. I'm always interested in what Pace is doing. I think he's a thought leader.

He gets bashed a little bit on social media amongst everybody nowadays. But I think ultimately, every time I've listened to him speak, I've been inspired. So I think he's a very smart guy.

Michael Zuber (1:13)

So again, I have not taken the time to validate this, but given that he put this out in the world, I'm sure he's taken this from some fact somewhere. And that is he talked about Cisco Systems. So Cisco Systems, you don't know, is a big tech company.

Apparently, about 90,000 employees. And what Cisco System did recently is they are rolling out AI agents to every single employee. Now, of course, this is being positioned as it will make you more efficient, it will help you with this and that. But what Pace says, and I get his logic, is that is going to lead to massive layoffs. AI is basically going to learn your job and then do it better, faster, and cheaper. And then Cisco Systems sometime in the future will hold mass layoffs and have a better bottom line because they will have less overhead running the business. So again, I don't know that Cisco Systems will do that, but you can definitely see how the seeds are being planted and how AI may come. Now, of course, this is just one company, but Bo, you and I have had talk about AI. You've talked about your massive use of AI. It's really empowering you to do so much more.

So it kind of makes sense that in time, Cisco will hold layoffs because they can get more done with less. But I'm curious, what does that mean for the employees? The employees basically training their replacements. What should they be doing in the meantime? Because this won't take long. It might take six months, might take a year. Shoot, it might take two years.

But at some point, the AI agent will know in you. What should people be doing?

Beau (2:56)

Well, we're going to talk about Plan B. And I think that's always a wise decision. Right? You should be looking at investment opportunities, businesses, real estate, of course. Like you should be building your exit even if it's not immediate. And I would also be building skills too at the same time. So like if you're in a tech world that might be replaced, what can you do? And I would be learning skills on how to implement AI and work with the system. Because there's some really high paid jobs for people that know how to implement AI. I think AI implementation is a huge thing.

What I can tell you from personal experience, that when I rolled out my AI agent into my business, it's definitely amazing what AI agents can do. It really, truly is.

My AI agent interacts with my four VAs, and I don't really even have to talk to them as much anymore. No, that's not maybe the best thing to do. You should do it. But it's so much more efficient.

Victor's the, I use Victor. And Victor, I just read they just raised $75 million. That's the name of the, and it integrates with every system I use pretty much. It can go on to websites. I mean, it can do everything. So, and I'm not even an AI techie guy, right?

Michael Zuber (4:20)

Yeah, no, we're not called both techie.

Beau (4:24)

Imagine if I had the Cisco smartness behind me in that realm. They have the best of the best AI engineers.

Michael Zuber (4:31)

Sure.

Beau (4:32)