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In Episode 47, we welcome New York Times bestselling author, Ric Edelman.\nWe start with some quick background on Ric, but then jump into the main topic: the future of technology and how it will affect our lives.\nIn essence, the future is going to look far different than what we\u2019ve known. The tendency is to believe that the future will be similar to what our parents and grandparents experienced as they aged. A linear progression \u2013 school, work, retirement, death.\nRic tells us this is going to change. The linear lifeline is going away. It will more resemble school, work, back to school, a new, different career, then a sabbatical, more school, and so on\u2026 Think of a lifeline that\u2019s more cyclical.\nWhat\u2019s the reason? Well, we\u2019re going to be living far longer. Technological and health care advances mean we\u2019re going to be far more vibrant much later in life, so this will change everything we know about retirement and our traditional life-paths.\nThe guys then dig into the role that technology and robots will play in all this. Robots are going to eliminate numerous existing occupations. On the other hand, new jobs and skill sets will be created, but we\u2019ll have to go back to school to learn them.\nMeb ask Ric to dive deeper into this \u201closs of jobs\u201d forecast, as it\u2019s a common source of concern for many people.\nBecause of computers\u2019 increased capacity, robots will be able to do jobs that humans do \u2013 and not just \u201cfactory line\u201d type jobs. Any jobs that are repetitive in nature are at risk \u2013 which means white collar jobs too; for example, certain types of legal work. As another example, did you know that computers are already writing news articles? There\u2019s a program that currently writes sports stories, and apparently, readers can\u2019t tell the difference between a human and computer author.\nRic tells us \u201cAccording to Oxford University, 47% of the occupations in America will be gone within 15 years.\u201d\nSo what can you do to protect yourself from being replaced by a robot?\nThere are 4 skill sets that will give you an edge: thinking, managing, creating, and communicating. These four things will be the most difficult for computers to do.\nThe conversation bounces around a bit before the guys dig deeper into how working has changed over the years \u2013 and how it will continue to change. This leads into a conversation contrasting the \u201cNew York model\u201d with the \u201cHollywood model.\u201d\nIn essence, the New York model is \u201cone job.\u201d You do a given thing with same people for the same customers for decades. With the Hollywood model, you have a group of people who come together for one project, though they\u2019re likely working on multiple projects at the same time. You\u2019re using your skills in a wide variety of activities at the same time. We\u2019re moving toward a Hollywood model.\nThere\u2019s way more in this episode: behavioral challenges for investors and the role that an advisor should play in helping\u2026 an irrevocable trust, created by Ric, that\u2019s helping parents save money for their children\u2026 the challenges facing Social Security given our much longer life-spans\u2026 Even why personal finance isn\u2019t taught in schools, despite being one of the most critical skills our kids should learn.\nSo why isn\u2019t it taught? Hear Ric\u2019s thoughts in Episode 47.\nLearn more about your ad choices. Visit megaphone.fm/adchoices