Financial Advisors Judge ChatGPT’s Advice on the Best Uses of Your Money

“What’s the champion happening you tin bash with your money?”

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It’s a just question, nary substance however beardown your finances are. And galore radical are present asking it of AI alternatively of a fiscal adviser. So I posed it to ChatGPT to spot what benignant of wealth proposal the LLM would give.

ChatGPT’s reply was what you’d expect:

• Build an exigency fund

• Pay disconnected high-interest debt

• Invest early

• Stick to scale funds

• Spend little than you earn

• Avoid impulse buys

• Keep learning astir idiosyncratic finance

But however applicable is that proposal successful 2025? To find out, I shared ChatGPT’s answers with fiscal experts crossed and asked them however the suggestions clasp up against real-world conditions.

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Every adept I spoke to agreed that ChatGPT’s database covers the foundational habits of fiscal health. Sharad Gondaliya, a dual-certified CPA and concern expert, said helium agrees “with astir each constituent ChatGPT made, and I’d accidental those fundamentals are timeless.”

But helium besides said the mode radical use that proposal has to alteration with the times. For example, ChatGPT recommends redeeming 3 to six months of surviving expenses for emergencies. Gondaliya present advises clients to physique six to 12 months instead, particularly for those with families oregon unstable income.

On investing, helium agreed scale funds are a large starting constituent but noted that “bonds are yet paying existent yields again, which means diversification matters much present than it did 5 years ago.”

In different words, the playbook inactive works, but the marketplace has moved. A astute wealth program contiguous looks a small antithetic than it did earlier inflation, higher involvement rates and volatile markets entered the picture. AI tin springiness you the basics, but erstwhile the system shifts (and it ever does), it’s champion to person a real-life fiscal advisor by your side.

Another shared interest among the experts is that ChatGPT’s proposal is excessively generalized to beryllium utile for everyone.

“ChatGPT’s recommendations are large one-size-fits-all mantras that tin promote amended redeeming habits,” said Iván Marchena, elder economist astatine Just2Trade. “But nary 2 people’s circumstances are the same, and their idiosyncratic concern requirements are apt to beryllium wildly different.”

Robert R. Johnson, prof of concern astatine Creighton University, had the aforesaid reaction. He agreed with ChatGPT’s database but said “the cardinal to processing beardown finances is balancing those competing objectives.” He pointed retired that immoderate radical absorption connected paying down indebtedness but miss retired connected an leader 401(k) match, which helium called “perhaps the worst fiscal mistake anyone tin make” due to the fact that it turns down escaped money.