“If there is a new world order—AI or something else changes everything—and we are not all dead, how do you prepare for that? Good question. What does such a world look like? Some such worlds you don’t have to prepare and it is fine. Others, it is very important that you start with capital. Keeping yourself healthy, cultivating good habits and remaining flexible and grounded are probably some good places to start.”
This is the question I am working on answering at the moment. It seems to me that it is universally agreed that AGI will happen in my lifetime (I am 34). My reasoning tells me that either AGI destroys us, or it fundamentally changes society, improving the average human standards of living substantially. This could very well mean that concepts such as law, government, capital markets, family systems,etc are significantly different than they are today.
Thinking of preparing for this new world is hard. Here’s a few things that I’ve began doing:
I am thinking less of life past 60, and shifting that energy more to the present moment.
Saving for retirement is slowly going down in the list of priorities. I have a very healthy asset base and I am not going to blow through it all, But I am also not going to maximize savings either. I will put some money away, but less than I would a few years ago. That % I am not saving for retirement will be going to the present moment.
Definitely not delaying bucket list items. If I can do it, I will do it.
The probability of having biological children has gone down. I have discussed this with my partner. We will not be ready for children for the next three years and she’s older than me, so the chances of biological children were already low. Furthermore adopting is still on the table and the probability of that is even higher now.
More importantly, these are all moving goal posts as developments happen.
By the way, in 2050 you are more likely to reduce your consumption anyways because of age. This is a very common thing among humans: those who very successfully save for later end up saving so much that they end up dying with a pile of assets.
This new paradigm (AGI arriving in our lifetimes) is beginning to change the way I optimize life design.