My First Million – Steph Smith: Jobs of the Future, Fractional Real Estate, Mouth Tape and More

Intro

In this episode of the “My First Million” podcast, the hosts discuss various topics including future job trends, fractional real estate, unique business ideas, and personal finance. They are joined by guest Steph Smith, who shares her insights and experiences working at Andreessen Horowitz. The hosts also provide valuable advice on career growth, automation, and team collaboration. Stay tuned to learn about the exciting opportunities and trends in the business world.

Main Takeaways

Future Job Trends and Opportunities

• Hearing aids may be a big profitable business in the future
• Future jobs will require adaptability and continuous learning
• Examples of jobs that did not exist before include social media managers and UX designers
• New technologies such as 3D printing and drones could lead to new job opportunities
• Chief Automation Officer is a job of the future that focuses on automating processes within a company

Fractional Real Estate and Unique Business Ideas

• There is a high level of vacancy in commercial real estate, particularly in cities like San Francisco
• Fractional real estate is a huge opportunity to explore
• Unused spaces such as clubs and commercial spaces could be repurposed for yoga studios, Pilates studios, and rage rooms
• An entrepreneur found success by starting an escape room business in a converted bus

Career Growth and Personal Development

• Working remotely can be a novelty for some people who are used to going into an office
• Embracing opportunities and creating intersections with colleagues can lead to meaningful connections and collaborations
• Being present in the office can lead to serendipitous meetings with smart and interesting people
• It’s important to take advantage of the opportunities that come with working at a company like Andreessen Horowitz

Financial Tips and Spending Habits

• Spending consultants can help address psychological issues with money and plan for financial security
• Identify the value of an item by multiplying the frequency of use with the joy it brings
• Upgrading your thinking and mindset is important to avoid fretting over small expenses

Summary

Future Job Trends and Opportunities

The podcast highlights the importance of adaptability and continuous learning in future job trends. With the rapid advancement of technology, traditional job roles are evolving, and new opportunities are emerging. The hosts discuss the growth of jobs like social media managers and UX designers, which didn’t exist a few decades ago. They also explore the potential job prospects in fields such as 3D printing, drones, and automation. The role of Chief Automation Officer is highlighted as a key position in companies aiming to streamline processes and increase productivity.

Fractional Real Estate and Unique Business Ideas

The hosts delve into the world of fractional real estate and its potential for innovation. They discuss the high level of vacancy in commercial real estate, particularly in cities like San Francisco. This opens up opportunities for repurposing unused spaces such as clubs and commercial areas into yoga studios, Pilates studios, and rage rooms. The podcast shares the success story of an entrepreneur who started an escape room business in a converted bus, showcasing resourcefulness and creativity in the business world.

Career Growth and Personal Development

The podcast emphasizes the importance of embracing opportunities and creating intersections with colleagues for career growth and personal development. The hosts discuss the advantages of being present in the office, highlighting the potential for serendipitous meetings with intelligent and interesting individuals. They also emphasize the significance of working at prestigious companies like Andreessen Horowitz, where valuable connections and collaboration opportunities arise. The podcast encourages listeners to make the most of their professional environments and seek meaningful connections.

Financial Tips and Spending Habits

The hosts provide valuable advice on personal finance and spending habits. They discuss the role of spending consultants in addressing psychological issues related to money and planning for financial security. The podcast encourages listeners to identify the value of their purchases by considering both the frequency of use and the joy derived from them. The importance of upgrading one’s thinking and mindset to avoid fretting over small expenses is also highlighted.

Conclusion

This episode of the “My First Million” podcast covers a wide range of topics, including future job trends, fractional real estate, career growth, and personal finance. Listeners gain insights into the evolving job market and the importance of adaptability and continuous learning. The podcast also explores unique business ideas, such as repurposing unused spaces and creating innovative experiences. Additionally, it provides valuable advice on career development and personal finance, encouraging listeners to embrace opportunities and make smart financial decisions. Tune in to stay informed and inspired in the ever-changing business landscape.