Tag Archives: Warren Buffett

Three Ways to Make $1,000 Using Artificial Intelligence

Whether you need a side hustle or want to make a full career out of AI, here are ways to start

A few years back, I read Warren Buffett’s book, Snowball. It turned out to be one of my favorite books of all time. In this book, Warren shares stories of when he was a kid and some of his favorite books. One book in particular, 1,000 Ways to make $1,000 by F.C. Minaker, helped shape his idea around business and making money. 

After reading this legendary book many times, I decided to refresh the concept to help others by sharing ideas on how to use current AI technology to make money. As an entrepreneur who uses AI in my business, I know there are many ways in which AI can help you create side hustles, start businesses, and even help make your current jobs more efficient.

Whether you would like to start a small side business, or whether you want this to be your full career, there are many opportunities to make money with AI.

If you’re not a techie type, there may be a learning curve to become adept at the skills to succeed at AI. But if you have an interest in it and a desire to learn, and are willing to undergo some training and education, it’s possible to learn enough to make money with AI.

Here are three ways to begin your journey into making money with AI technology.

Prompt generators are becoming a lucrative business. Humans will pay for AI prompts that are ‘ready to go’.

  • Prompt Engineering refers to the process of designing and fine-tuning prompts for natural language processing (NLP) models. It involves creating a set of instructions or guidelines that tell the model what information to look for and how to use that information to generate a response. Here are a few steps and platforms I would use to start earning money today:
    1. Create an account at PromptBase.
    2. Check out this helpful tutorial on YouTube to get you prepared.
    3. Quickly read over some guidelines on how best to sell prompts to the marketplace to start earning.
    4. Take a look at some successful prompts that are for sale on the marketplace to get an idea how best for you to start earning.
    5. Start earning!
  • Transcription Services involve the conversion of audio or video recordings into written or text format. This service is provided by professional transcriptionists who are trained to accurately transcribe spoken words into written form. Here are a few steps and platforms I would use to start earning money today:
    1.                Create an account at Speak Write.
    2.                Check out the helpful tutorial video to get you prepared.
    3.                Quickly read over some FAQ’s on how best to prepare to start earning for transaction services.
    4.                Take a look at someones daily schedule for earning money on Speak Write
    5.        Start earning!
  • Labeling and Annotation are processes in which data is manually labeled or tagged with specific attributes or metadata that make it easier for machines to understand and analyze the data. Labeling involves assigning a specific category or label to data, such as identifying objects in an image or sentiment in a text. Annotation involves adding additional information, such as context or relationships between data points. Here are a few steps and platforms I would use to start earning money today:
    1.                Create an account at Clickworker.
    2.                Check out this helpful tutorial on YouTube to get you prepared.
    3.                Quickly read over some FAQ’s on how best to prepare to start earring for transaction services.
    4.                Take a look at the tasks you can pick from to start earning money on Clickworker.
    5.                Start earning!

The next decade will be a Decade of Abundance due to technological advancements like AI. While AI has its detractors, I believe we should be leaning in to explore this life-changing technology because it will empower the globe. 

AI has already been able to improve our lives in many ways, and it has the potential to solve some of the world’s most pressing problems, including in healthcare, education, and security. There’s no reason why you cannot be a part of this revolution, too. For the Silo, Joe Nigro.


Connecticut-based Joe Nigro is an investor, advisor, and entrepreneur who has used AI extensively in his career.

Featured image: Students summarize a text then tried to figure out which summaries were penned by classmates and which was written by a chatbot.Timothy D. Easley, FRE / AP

Silo Reader Says All Products And Services Should Compete In A “Free Market”

Letters to the Silo

The [ image that is shown with Toby Barrett’s recent letter ] is certainly worth a thousand words. Government is consuming too much.

But why do we continue to feed government? Why would we participate in any political or economic system that is not serving our best interests?

Government is basically unproductive and can only give what it takes. Bigger government takes more and gives less.

The fruits of our labour are controlled, confiscated, and redistributed through taxation, inflation, interest, and government spending. There is also a systemic shortage of official currency, which leads to a shortage of paid employment, and the jobs that are available might be completely unproductive. We are forced to compete for currency that is systemically scarce, even though there are plenty of worthwhile activities that can be done and there are plenty of people who are willing and able to do productive work.

There seems to be an increasing level of dissatisfaction with government and the political process, but there certainly isn’t a consensus in defining the problem or offering a solution that will sufficiently address all of our concerns or satisfy everyone. This poses a challenge, but it also presents us with an opportunity to carefully examine the form and function of government, and explore a full range of possible alternatives.

If we have freedom of choice and a free market then we should be able to individually select the goods and services that we wish to purchase from a variety of producers and providers, who should be able to compete for customers based on the quality and price of their products and services. All products and services, including government programs and services, should be able to compete in a free market.

Trade and exchange should be voluntary and mutually beneficial. We should not be forced to pay for anything that we don’t want or don’t use, and we should not have to do business with anyone who consistently offers poor quality goods and services or who does not pay their legitimate debts.

If we have economic freedom then we should be able to negotiate agreeable prices, accept or refuse any form of payment, control the allocation of our credit, and use any method or medium of exchange. We should not be compelled to use a systemically scarce currency that is created as interest-bearing debt.

If the purpose of an economic system is to facilitate the production and exchange of goods and services then it should be possible to create numerous ways to serve this purpose, with various concurrent systems operating in any location. This would give us more control over our time, labour, skills, and resources.

If government is a provider of services then it should compete for customers based on the quality and price of any services that it is actually willing and able to provide, including education, health care, and defence. If government services were the best ones available then we would presumably choose to use them. Our wealth should not be confiscated and redistributed to pay for anything that we don’t want or don’t use.

We can already seek membership in various communities, organizations or other groups, based on our own political, religious, social, recreational, or business interests. If we have freedom of association and political freedom then we should even be able to choose a apolitical system and type of government, without having to move to a different place, and without imposing or choice on anyone else. This would give us the option to hire people to manage our affairs and make decisions on our behalf, but we would not be represented or lead without imposing our consent.

Crony Capitalism Warren Buffett

Any imposed political system or government is a method of control. Political freedom does not exist if an individual is forced to accept the decisions of any other individual or group, even if it calls itself a majority.

Imposed political systems and territorial governments with their restrictive geopolitical boundaries can be replaced with a variety of voluntary communities, mutual benefit associations, and autonomous protective groups, with overlapping membership in any location. Multiple communities can exist in any geographic region, without any imposed territorial monopolies for the provision of services.

Individual participation in any economic or political system should be entirely voluntary, based on choice and consent, rather than coercion and compulsion. No person is an island, but everyone should essentially be able to individually decide how he or she would like to organize and manage his or her economic and political activities.

Government is a human invention that has changed over time and will continue to change, but the direction of this change will be determined by the way we think and the choices we make.

Diverse methods and arrangements can co-exist simultaneously in any location to facilitate the production, provision, distribution, and exchange of goods and services, for the mutual benefit of all voluntary participants, at their own risk and expense. James Clayton

Note- boldfacing was not indicated in the original submitted letter to the Silo.

Wagon Wheel Corn Maze