Morning everyone, Tom here.

You may notice a slightly refreshed look—stay tuned for more updates next month!

Yesterday we hosted our biggest webinar yet, with nearly 200 readers registering for our Portfolio Masterclass. If you missed it, just reply “REPLAY” to this email, and I’ll send you the recording.

This week, we’re diving into AI and the personal finance lesson hidden amid the hype.

Let’s jump in.

If you’ve never seen Dan Ives, you’re missing out.

The man’s outfits are a sight to behold.

Here’s a pretty standard get up for Dan:

As you can probably tell, I’m not one to shy away from bold color, but Dan Ives takes it to a whole other level.

But where you’re really missing out is if you’ve never heard his takes on tech.

He’s one of Wall Street’s top tech analysts and one of the best people to follow if you want to stay in touch with between 25–50% of your portfolio (the tech sector).

I was running some errands last week, listening to an interview he did about tech earnings on Bloomberg, and my mind was blown once again by what’s here—and what’s coming—with AI.

In the next three minutes, I’m going to teach you something about personal finance you’ve probably never heard before, while also explaining why AI is such a big deal.

$2T in Capex

Most of you reading this are 45–65. I’m just a few days away from 35.

We’re not exactly spring chickens anymore, but I’ve had the chance to somewhat grasp what’s about to happen—both the societal shifts and the insane efficiency AI is about to unleash.

And, of course, the massive investment opportunities.

AI isn’t just another tech trend—it’s the single biggest investment opportunity today.

Think of AI like electricity.

Electricity itself isn’t valuable; it’s what people do with it that changes everything. If you generate it but don’t use it, who cares?

Now, imagine how people in the early 1900s used electricity. Since we’re talking about AI today, let’s ask ChatGPT how electricity was used in 1912:

Fast-forward to today—electricity powers nearly everything we do.

AI is in the same place electricity was in 1912, barely scratching the surface.

Dan Ives once said that if the AI boom were a baseball game, the batter would just be stepping up to the plate for the first pitch of the game.

This is the dawn of a new age in technology.

How do I know this?

Ives mentioned that over the next two years, companies are pouring a staggering $2 trillion into AI.

To put that in perspective, if you make $200,000 a year, you’d need to work for 10 million years to earn $2 trillion.

That’s how big this is, and that’s just the next two years.

It’s a modern-age gold rush.

Big business, big money, big governments—everyone is getting in because they can’t afford to miss it. If they do—like Microsoft missing smartphones, Intel missing mobile, or IBM fading into irrelevance—the financial results can be devastating.

While this storyline has probably boosted your portfolio’s performance over the past two years, there’s an even bigger personal finance lesson here.

The Most Important Thing (For Your Money)

Everyone is obsessing over AI because they know if they get it right, they win big.

They’ve identified it’s most important thing to focus on—right now.

Everything else can wait.

Now, flip that back to your financial life.

What’s the one thing that, if you got right, would change everything?

What if you committed to two years of intense focus on a single thing, what if you went all in, said enough about the small things that don’t matter, and found you own AI moment?

And what if that changed everything for you?

I ask myself this question all the time:

Am I working on the most pressing issue that will create the biggest financial outcome?

What can I do in the next two years to radically change my financial future?

Now, this isn’t coming from a place of greed, or anything like that. It’s not about keeping up with the Jones’ either.

I have three young kids, a beautiful wife, a growing business, this newsletter, and a dozen other commitments.

Like you, I don’t have infinite time, and certainly don’t want to spend my precious time working on stuff that doesn’t matter.

Most of you reading this are smart, successful and staring down retirement.

You’ve done a lot of things right, but the shot clock on your career is winding down.

Every year you get closer to retirement, the stakes get higher.

The difference between coasting and ruthless focus on the right financial moves could mean the difference between an okay future and a life-changing one.

This is why AI is a frenzy—because the upside is too big to ignore.

I’m editing this week’s edition on an airplane and ran into some of our clients just before boarding—little did they know I was working on their financial plan just last week, preparing for our next call.

The question I was asking myself?

Two things for you this week:

Don’t ignore AI. Learn to use it and understand its implications in your career and portfolio. Electricity changed everything, so will this.

Find Your “One Thing”: You might be asking, “Where do I even start?” That’s what we’re here for. Schedule a free discovery call and let’s nail down the single most impactful step you can take to secure a better financial future.

That’s all for now.

See you next week.

Tom