Shortcast
AI Podcast Player

Short podcasts with real voices

The Diary Of A CEO with Steven Bartlett

Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

--% time saved
PodcastThe Diary Of A CEO with Steven Bartlett
Publisher/creatorDOAC
Shortcast updated

About this episode

What is financial freedom? The Business Strategist Daniel Priestley on why AI makes lifestyle businesses easy. Daniel Priestley is an award-winning serial entrepreneur and self-made multimillionaire. He is the co-founder of Dent Global and ScoreApp, and the author of several international bestsellers, including Oversubscribed and Key Person of Influence. He explains: ▪️How to build a personal brand that survives the AI automation wave ▪️The 2029 AI financial crash prediction ▪️Why traditional wages are disappearing in the power law economy ▪️The "tombstone exercise" to identify AI threats to your business ▪️The $1M hidden opportunity in AI businesses Chapters 00:00:00 Intro 00:03:55 Why The Rise Of AI And Robotics Forces Us To Rethink Our Place In The World 00:09:52 The Birth Of The Interest Algorithm 00:16:11 Could AI Trigger The Next Financial Crash? 00:20:03 The 6 Entrepreneurial Skills You Must Learn To Survive The AI Era 00:24:08 The New AI Gold Rush: Business Opportunities Most People Are Missing 00:35:11 The One Human Advantage AI Still Can’t Replace 00:44:31 These Jobs Will Disappear Within 5 Years 00:47:43 Ads 00:49:54 What Happens To Workers When AI Replaces Their Jobs? 00:54:59 “Market Distortions”: The Hidden Economic Effects Of AI 01:00:32 Why People Are Leaving The U.K. 01:06:13 The Bear Case For AI 01:09:17 The System Is Breaking: Why Our Economy No Longer Matches Reality 01:13:48 Should AI Wealth Fund Society? The Radical Economic Debate 01:16:01 Ads 01:17:56 Why Building A Personal Brand May Be The Safest Career Move Today 01:20:34 How Playing With AI Tools Today Could Change Your Future 01:23:51 Employee Vs. Entrepreneur: The Mindset That Will Define Winners 01:25:18 Why Writing Is Becoming A Superpower In The AI Age 01:28:02 The One Question That Could Change Your Career Path 01:31:26 Why Thinking Too Narrowly Could Cost You The Future 01:37:41 Is Passive Income Real - Or Just Another Internet Myth? 01:42:53 Why So Many People Lose Motivation (And How To Fix It) 01:50:27 Survivorship Bias: The Harsh Truth Behind Success Stories Enjoyed the episode? Share this link and earn points for every referral - redeem them for exclusive prizes: https://doac-perks.com Follow Daniel: Instagram - https://link.thediaryofaceo.com/15J7ORb YouTube - https://link.thediaryofaceo.com/3EqYLXT Website - https://link.thediaryofaceo.com/AcymoLQ Scorecard - https://link.thediaryofaceo.com/VrBLNa Score App - https://link.thediaryofaceo.com/FNab1ht You can purchase ‘Lifestyle Business Playbook: How to Have Fun, Freedom and Fulfilment With Your Own Business’: https://link.thediaryofaceo.com/GpE0H2H The Diary Of A CEO: Join DOAC Circle - https://link.thediaryofaceo.com/EVyBm53 The Diary Of A CEO book - https://link.thediaryofaceo.com/67654nf The 1% Diary - https://link.thediaryofaceo.com/2mrbk7t Conversation Cards - https://link.thediaryofaceo.com/Ex8Yc9b Get email updates - https://link.thediaryofaceo.com/7Az7mkJ Follow DOAC on Instagram - https://link.thediaryofaceo.com/6KoLc6C Sponsors: Pipedrive - https://pipedrive.com/CEO Cometeer: https://cometeer.com/steven for $30 off your first order LinkedIn Marketing: https://www.linkedin.com/DIARY

Loading episode data...

Episode summary

I’m staring at lists of jobs most exposed to AI and it’s hard not to feel it, so let’s have an honest, practical conversation about what’s coming and how to get an edge.

After twenty five years building companies through crises, I’ve never seen this mix of excitement and dread; it feels like the moment when agriculture gave way to industry, only faster.

This time it’s brain and body at once—AI plus robotics—so when humanoids backflip and fleets learn in sync, where do humans still matter?

Jevons’ paradox says cheaper capability unlocks new demand, so expect millions of tiny, profitable software businesses serving narrow needs with tiny teams and rich communities around them.

The speed shocks me; when one robot learns, the whole fleet learns, and fully driverless cars are rolling off lines at family-car prices, so what happens to all the drivers?

Rollouts piggyback the internet, so capability spreads instantly; jobs won’t map one-to-one, but adjacent roles will surge as costs collapse and new niches appear.

Content shows the tension—time spent online has plateaued while AI slop explodes, so supply dwarfs attention and personal brands feel fragile.

We’ve left social media for algorithmic media; one-dimensional creators fade while multi-dimensional brands with books, live rooms, podcasts, and community stay resilient.

We tested variance across my channels and it keeps widening, which says followers matter less than today’s most interesting idea.

Think like a farmer: humans excel at setting intent and shipping to market, while AI tills the middle; that orchestration is the entrepreneurial edge.

Agents could spin up companies by themselves—if the curve keeps compounding, why wouldn’t they?

Maybe soon, but today’s hard limit is economics; the tech is magical, yet data centers have three to four year lives and we’re spending hundreds of billions, which looks like a classic bubble.

You’re not saying the AI wave ends.

The capability endures, the funding model wobbles; historically, when infrastructure spend tops a small slice of GDP, we hit a wall, and this time the assets depreciate in a few years while very few pay for usage.

So what should people learn now to stay prosperous?

Entrepreneurial skills—spot a need, validate fast and cheap, earn product-market fit, go to market, scale, and exit—repeated as a tight loop beats big, slow bets.

Validation sounds clean on paper, but how do you know delivery meets the promise?

That’s why product-market fit sits between validation and sales; you test whether real buyers are happy before you scale.

Where are the near-term money opportunities for regular people, not just founders with big budgets?

Small SaaS is now accessible; AI crushes build costs so a tiny team can ship a niche tool, then wrap it with education, community, events, and media to create a moat.

We rebuilt our hiring system in a week and it’s already better than the pricey one we had, which makes software feel like a commodity.

Exactly—tools alone are easy to copy, but bundling software with training, live rituals, retreats, and a method turns it into a defensible ecosystem.

As creation gets cheap, value shifts to the irreplaceably human; what can’t a kid with the same tools copy?

In-person connection; you can stand on a stage, host a dinner, and look someone in the eye, which no model can do.

I keep pushing back because content and code are getting commoditized in real time.

Then merge lanes; conferences will spin up custom micro-apps, creators will sell multiple experiences, and most people will thrive in small, flexible businesses rather than chase massive scale.

I aim for blue oceans, but even those drain faster now; just look at agencies—what was calm water a decade ago is a bloodbath today.

AI shortens cycles, so durability comes from community, experience, and constant novelty, not a single product edge.

Connection beats information; streamers prove that the strongest content is a relationship, not a fact dump.

Say the thing only you can say; your lived experience is your IP, it’s more relatable than impressive résumés, and it powers everything from talks to products.

My most resonant posts are personal moments, and the parasocial bond they build fuels real-world experiences later.

That’s the play: unique playbooks plus the right people gives you a brand, then you productize across many small revenue streams, which AI now makes easy to spin up.

Which jobs really change in the next few years?

Time-for-money legal work collapses into prompts, coaching, and judgment; meanwhile, skilled trades may out-earn white-collar roles after years of bad education incentives thinned the supply.

Drivers, call centers, retail, admin, and warehouses are already being automated, with some firms cutting large head count and others shifting to white-glove service.

Many repetitive roles were miserable; bots can set up the basics so human, VIP interactions expand and feel more valuable.

My fear is the transition pace; where do people go before the new roles appear?

Top-down planning fails; give people clear price signals, training, and transparency and they self-organize into new work, which is how markets actually adapt.

In the UK, we argue about the wrong things while unemployment rises and investment flees.

Heavy state spending distorts signals; student loans sent a generation into debt for degrees nobody needed, while trades starved, and now taxpayers carry the bill.

Leaders warn we’ll become a theme park if we don’t fix productivity; what would you actually do?

Shrink the state, cut waste, and restore incentives to build; when creators feel punished, they leave, and with them go growth, talent, and tax receipts.

Millionaires are leaving in record numbers; why does that matter and what should an individual do?

A tiny slice pays a big share of the bills, so when they go, everyone’s taxes rise; protect yourself by building location-flexible income that fits your skills and can move with you.

Robotics feels like a renaissance now that intelligence is cheap; everything from cookware to perfume is being automated.

Expect intelligence in everything—from toothbrushes to bedsheets—and remember my bear case isn’t brains, it’s financing; data center debt is being bundled into pension products, and the math looks ugly if spending stays this high.

Some AI leaders warn of societal risk up to authoritarian control, and maybe our old playbooks no longer fit an AI-first economy.

We’re shifting to an AI-age economy with aging wealth, AI-driven deflation, and policy-driven inflation; a temporary basic income could bridge the transition as costs fall, while we rebuild real community and family life.

Studies show UBI can reduce work and income, so meaning still matters in any safety net.

People need a worthy struggle, and if the capex spiral snaps, governments may end up owning data infrastructure and leasing it back, but either way the economics must rebalance.

Bring it down to earth—how should listeners prepare now?

Build a modest personal brand, try entrepreneurship in small ways, and use AI on your hardest problems instead of basic search; that bias to action is what employers and founders need.

We hire for agency and curiosity; one teammate used Claude to digest hundreds of documents over dinner and surfaced insights we’d have missed for weeks.

That’s the move—feed AI real context, hunt for leverage, and ship experiments; we analyzed sales calls, spotted that spouses drove decisions, changed our process, and conversions jumped.

The workforce is splitting into people who embrace change and people who hide; figure-out-ability wins.

Adopt the entrepreneurial stance: problems are opportunities, test quickly, and scale what works.

Writing matters more now because clear writing is clear thinking, and good questions spark breakthroughs.

Make space to pause, reflect, and handwrite; connect dots from your last five years and document the playbooks only you can teach.

If you outsource understanding to AI, you save seconds and lose judgment; I write memos to think.

Ask yourself when you did something special, how it felt, and how you did it step by step; that becomes your unique, human IP.

Innovation comes from crossing domains, so resist narrow labels and collect varied reference points.

Be an adventurous generalist; specialization may be efficient, but recombining odd skills is where the magic is, and your superpowers pop most in new arenas.

Online it can sound like everyone should quit their job to chase a dream. Is that actually good advice?

The sweet spot now is small, lean teams, from a handful to a few dozen people. Not everyone needs to found from scratch; joining a vibrant startup can be the perfect way in.

Your new book promises fun, freedom, and fulfillment. What’s it really about and who’s it for?

It’s a counter to the doom around tech and AI. Learn the new playbooks, work from anywhere, serve a few hundred or a few thousand clients, and build a creative, joyful career.

People want side hustles and passive income. How real is that?

The passive-income itch often comes from hating your current work. A well-designed lifestyle business makes that fade, and what people call passive income usually comes from assets you build or buy.

Many are scared to leave a job because of mortgages and kids.

Start with an apprenticeship or a side hustle so the risk stays sane. You can match a salary by spreading work across smaller companies, then move through two-person scouts, four-person fire starters, and an eight-person core before you scale.

Knowing your nature matters; I’ve chased money, consulted, built big, and learned I’m happiest on a mission with people I like.

Purpose with a crew often beats paper freedom. We crave responsibility, but we also need to know when enough is enough in a world that never tells us to stop.

Maybe bigger is just me wanting a tougher level and a deeper flow state.

Channel that drive into one bold bet or a portfolio of meaningful pursuits, and don’t pour all your parenting energy into companies. Have kids if you can, and round life out so business isn’t everything.

Our closing tradition: what fear did you overcome to become who you are?

With no credentials and early boom-busts, I feared I’d never feel fulfilled or provide well for my family. I kept going through resets, crises, and co-founder splits, and each push through fear revealed a better chapter.

If your younger self knew the pain ahead, would he still do it?

Yes, because I wanted the roller coaster; a straight line never appealed. Turning down a huge offer at twenty-four probably spared me a worse path.

Most careers aren’t linear. What lets someone survive the busts or the long stretch of nothing before a lift?

I had no fallback skill, only a knack for rallying teams, so quitting wasn’t an option. Every drop taught me something I use today.

I tell founders to do the hard thing even if it fails, because those lessons become the asset.

The bottom feels awful and you want to disappear, but the fall is often shorter than it seems, and each rebound makes the next run steadier.

There’s survivorship bias too; some keep risking families on cycles that never rise.

Happy endings aren’t guaranteed—life ends abruptly—so measure by meaning, not optics. A loved one’s stroke reminded me to treasure people, because our real legacy might be small messages where we truly acknowledge what others are carrying.

What emotion are we seeing on your face right now?

A clearer sense that relationships are the whole game and tiny check-ins matter more than grand gestures. We get a few laps around the sun together, and while the ending is sad, I have no regrets—family formation is the heart of my joy.

Download on the App Store
QR Code - Scan to download

Ready to save time?

Download Shortcast and get started today

Download on the App Store
QR Code - Scan to download