The AI Job Boom is Coming. Are You Financially Protected If You Get Left Behind?

“AI is coming for your jobs!” This cry echoes from every side. Some choose to ignore it. Others think it’s some far-future thing that won’t affect them yet.

The simple fact of the matter is that AI is here, it’s constantly improving, and it’s not going away.

If you see it as a threat rather than an opportunity, you may end up being left behind. From resume screening bots to AI chat agents, everything is heading toward full automation.

Will AI affect your ability to earn a good income?

Rather than asking that, ask yourself if you’ll be ready when it does.

AI Comes With a BIG Reality Check

More then 300 million jobs will feel the effect of AI according to Goldman Sachs. This covers everything from administration, customer service, sales and marketing, education, finance… even insurance underwriters (My industry!)

The news isn’t all bad, however. AI does create some new jobs: prompt engineers, AI trainers, and data analysts. Most of us can’t simply pivot into a new career like this. We barely have enough time to maintain expertise in our existing field let alone learn a brand new one.

Now mix that with:

• Rising costs of everything that stretches your budget to the limit

• Student loan payments returning with higher interest rates

• Exploding costs for housing and healthcare

You need a break, but most of all, you need a plan.

What are the smartest, most successful people doing right now?

They’re not rallying against AI. They’re not sticking their heads in the sand and ignoring it. Instead, these wealthy, influential people are chasing opportunities and insulating themselves from risk. For most of us, the ‘chasing’ bit might be out of reach. However, we can all protect ourselves from things we can’t avoid in the future.

• If your main income dries up, what will protect my lifestyle?

• How can I keep paying my bills while I pivot into a new AI-focused world?

• What steps do I take to turn uncertainty into opportunity?

Make These 3 Financial Moves Now to Prepare for AI

1) Insure Your Paycheck

Do you have a good backup plan if your income vanished for three to six months? Having an emergency fund helps, of course, but income protection coverage and disability insurance helps more. These provide a parachute to keep you going when things get super rough. Some insurance companies also offer living benefits. These provide cash in case of serious illness, injuries, or other catastrophes.

2) Emergency Incomes Are Better than Emergency Funds

Yes, you should have savings, but multiple streams of income offer even more protection. Funds run out. Income keeps paying your bills. These include things like side hustles, freelancing, or even an annuity or IUL with cash value.

3) Double Check Your Financial Plans

Plans become obsolete just like technology does. Yours may not fit with the new AI-focused world. If you’re not ready for job disruption, growing healthcare costs, and everyday living expense inflation, you need to reevaluate everything. You don’t want to face 2025 risks with a 2015 plan.

Are You Prepared?

Fear happens, but it doesn’t really help you protect your future. Instead, focus on freedom.

AI is here, it’s getting better, and it will change the world no matter what you do. Your best plan involves protecting your income, building new income streams, and updating safety nets.