Childfree Life by Design

Small Business 101: Starting an AI-Proof Business After 50 | Dr. Jay Zigmont, CFP® & Alli Gage

Childfree Insights Episode 197

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 34:53

For Childfree adults over 50, the next wave of AI-driven job displacement does not have to be a crisis. It can be the push that finally makes starting something of your own feel not just possible but necessary. In this episode, Dr. Jay Zigmont, CFP® and Alli Gage break down what it actually takes to launch a small business in the second half of life,  from the two questions every founder needs to answer first, to how AI can make you a more efficient and resilient solopreneur from day one.

In This Episode, You'll Learn:

  • Why the two most important questions before starting any business are who do you want to serve and how do you want to serve them -- and why the answers to those questions also happen to make your business more AI-resistant
  • How to tell the difference between owning a job and building a business, why most people actually want the former, and why getting clear on that distinction early saves you from building the wrong thing
  • Why Dr. Jay Zigmont, CFP® asks every client to double their prices before anything else, what happened when a dog walker raised her rates by 50%, and why setting boundaries around the clients you serve is the most important business decision you will make
  • How to use AI as a thinking partner rather than a replacement for your own expertise, why the first draft AI gives you will always be terrible, and why fighting with it upfront is exactly how you get value out of it later
  • Why the business has to help you rather than hurt you, what limits to set before you start, and how to know when it is time to walk away from something that is no longer adding joy

Episode Hosts:

Dr. Jay Zigmont, PhD, MBA, CFP® is the Founder of Childfree Wealth, a life and financial planning firm dedicated to helping people simplify their finances so they can live an amazing Childfree life. Dr. Jay is a CERTIFIED FINANCIAL PLANNER®, Childfree Wealth Specialist, and author of the book “The Childfree Guide to Life and Money.” 

Alli Gage is the Chief of Staff at Childfree Insights. Alli is the behind-the-scenes coordinator who ensures all organizations operate in an orderly fashion across the board.

About Childfree Insights:

Childfree Insights focuses on planning for solo aging and later life without children. It offers trusted education on financial planning, estate planning, and building support systems for people aging independently. Home of Childfree Wealth® and Childfree Trust®.

Connect with Us:

Ready to work on building better financial habits? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com.

Follow Childfree Life by Design on your favorite podcast platform and join the conversation on social media:

Instagram: https://www.instagram.com/childfreeinsights
Facebook: https://www.facebook.com/ChildfreeInsights/
LinkedIn: https://www.linkedin.com/company/childfreeinsights
YouTube: https://www.youtube.com/@ChildfreeInsights

Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.