---
type: raw-transcript
title: "ChatGPT Teaches the Secrets to Financial Freedom!?"
youtube_id: OLJ9FYd9H1Y
url: https://www.youtube.com/watch?v=OLJ9FYd9H1Y
slug: chatgpt-teaches-the-secrets-to-financial-freedom
published: 2023-06-18
duration: "0:14:50"
fetched_at: 2026-07-21
immutable: true
---

## Transcript

**[0:00:00]** for the longest time I never went to books for financial advice the reason is very simple it wasn't personalized enough to me the authors of these books they had great ideas about Building Wealth managing assets investing preparing for retirement all the different concepts but they didn't understand my unique situation and what

**[0:00:23]** kind of Investments and asset strategies would go along with that however things have changed now with GPT and with other AI models you can take a book all of the advice in that book and you can turn it into a mentor for you giving it your unique circumstances in effect you can

**[0:00:42]** take an author of A Book Like Rich Dad Poor Dad for example a really good Financial book and you can make that author your personal financial coach using chat gbt how you may ask let me show you so we're here now in the window or interacting with GPT I'm using a gpt4

**[0:01:00]** the latest model at the time of recording this video and I've crafted a prom that will take any popular book and turn the author of that book into a personal finance coach for you now no matter where you're at in life who you are this is going to be useful for you

**[0:01:16]** so I'd recommend after you watch this video just take the same prompt and make it your own maybe even spice it up a little bit and see what kind of advice gbt can give to you because I promise you that it's going to give you a couple tidbits at least that are useful if not

**[0:01:30]** more I'll go ahead and paste The Prompt that I have here created and I'll go through it step by step walk you through my thought process for each part of it the kind of context I'm giving and then we'll see what it says and so you start by saying that you are a financial

**[0:01:44]** advisor who follows the advice of Rich Dad of Poor Dad and you can replace this with any book you want so that the financial advice is tailored to that book and specifically that author so that you make that author your personal finance coach and then I give a little

**[0:02:00]** bit of context around the book so when Robert the author of Rich Dad Poor Dad talks about wealth he says you become truly wealthy when you can pay for all of your living expenses from the income from your assets from your passive income that's when you're truly wealthy

**[0:02:16]** you don't even have to be rich yet you're just wealthy because you don't have to worry about working necessarily and so I give a little bit of context there just to help GPT understand exactly what I'm getting at when I say I want to give advice from this book at

**[0:02:29]** that point I have provided all the context that I need to really because GPT is trained on so much information it already knows about Rich Dad poordin and a lot of other really popular Finance books and so that's all you have to say for it to have all the context it needs

**[0:02:44]** and so then I say let's start with person number one you could even do multiple people in this prompt but I'll just do one to start and so you give it a name let's just say John Doe and you give it an age there's a lot of different pieces of information that

**[0:02:57]** we'll give it here to give it the context to actually take the advice from this book and make it personalized to us and so I'm just going to create a fake person here but you can still see the power of it even through a person that I make up we'll say that John Doe is 25

**[0:03:11]** years old maybe a few years out of college and we'll say that John Doe lives in let's just say California we don't even have to get super specific we can just say a state in the United States and then for a profession we'll say that John Doe is a software

**[0:03:26]** developer because this is a channel where I talk a lot about software development especially with AI and so I'll just say that John Doe is a software developer and we'll say that John Doe let's say makes let's say a hundred and fifty thousand dollars per year from the software development job

**[0:03:43]** and this would be pretty decent salary in California and then an estimated monthly expenses let's just say three thousand five or let's just say four thousand dollars so this would include rent Insurance food Transportation everything would be a part of the monthly estimated expenses and then for the living situation this would be like

**[0:04:04]** do you own a house are you renting a house let's just say renting an apartment for two thousand dollars a month that would be the living situation and then for the current investment strategy this is where you talk about what kind of Investments you're currently doing with a Roth IRA a 401k

**[0:04:21]** any stocks or bonds that you have or cryptocurrency Investments or investments in individual companies that you might be doing not on the stock market anything like that so we'll just say maxing out Roth iri and Roth 401k also putting let's just say one thousand dollars a month into Bitcoin and

**[0:04:42]** ethereum just a random amount into a couple of the Blue Chips big cryptocurrencies that a lot of people will invest in because that's safer in terms of cryptocurrencies at least and then for skills we want to tell gbt what kind of skills you have too because when we're asking for financial advice a lot

**[0:04:58]** of that can be what kind of business Venture could you go under if you want to pursue entrepreneurship to build wealth quicker than just working a salary job and so we can say that John Doe is good at web development because he is a software developer web development official intelligence and we

**[0:05:14]** can even throw in a couple other things there we'll say that John Doe is also good at marketing maybe he's done some marketing for software products he's created before so let's give a couple of examples there and see what GPT can do with that and then for assets we'll just

**[0:05:28]** say none at this time or actually I'll make it even interest more interesting I'll say that John Doe has an asset of digital real estate which is any kind of following that you might have through a newsletter or a social media page that you could call that digital real estate

**[0:05:44]** as well as things in the metaverse of course but I'm not going to focus on that here so we'll say digital real estate Twitter account with let's just say 7.5 K followers and YouTube channel with let's say 5K subscribe drivers talks about software development on both channels so we'll give a little bit more

**[0:06:06]** here for GPT to do I was going to say none at first because honestly when you're a 25 year old that's the most common thing where you don't have any assets but we'll make this a little bit more interesting so you can see what GPT can do with all the information you give

**[0:06:18]** like even though I'm giving a lot here it can create plans and strategies give advice based off of every single little part of what I'm giving it which is the most powerful thing about this honestly and we'll say a life goal we'll just keep this simple to make this video a

**[0:06:32]** bit shorter we'll say to retire by the age of 40 which is pretty young for retirement that's still pretty cool and doable honestly if you have a good plan starting out young like 20 25 maybe even 30. and so then here's where I'm going to do the actual ask GPT so I've given a

**[0:06:48]** context telling it the book and author that I want the advice to follow I'm giving it all of my personal information so the advice is tailored to me and now I give it the ask so I'm saying give a one year a five-year a 10-year a 20-year and a 30-year plan based off of the

**[0:07:05]** advice from Rich Dad Poor Dad personalized to me and I'm telling it to give its opinion freely because I don't want it to say anything about how the advice is subjective because I want it to really be direct and tell me what it thinks I should do based off of the

**[0:07:20]** context and my financial situation and lifestyle and then I'm also asking for some practical starting points and some action steps that I can take to Achieve Financial Freedom because ultimately my goal is Financial Freedom so that I can retire by the age of 40. so let's just throw it in here and see what GPT can do

**[0:07:40]** so I'm going to scroll down a little bit once it's actually finished generating the response but I want to talk a little bit more about ways that you could spice this up as well before we actually get into the response because I have to wait for it to load so I could just pause the

**[0:07:53]** video but I'll just talk a little bit more about what you can do with this going down back to the bottom of the prompt here you can change this part up a lot I think it's cool how much information you can get from asking it for a one year five year tenure et

**[0:08:05]** cetera plan but there's a lot of different things you could do you could ask it to focus on a specific thing like how can I leverage a business that I'm building to Achieve Financial Freedom or how can I leverage a solopreneurship journey I'm taking with my Twitter account to Achieve Financial Freedom

**[0:08:20]** there's a lot of different things you could do with this advice because at this point you have an entire book an entire author really of context that you want Financial advice based around and you've given it everything that you could possibly imagine about yourself like it has so much information at this

**[0:08:36]** point it's more powerful even in like the robo advisors that you see in companies like Vanguard because that doesn't have everything that you can give here you can give it exactly what you think it needs and that's not something you can do in any other place besides with an AI model like GPT so

**[0:08:52]** super powerful stuff anyway let's go down to what it's generated for us here for a one-year plan it says that hey we got a good investment strategy here just continue with that and then for assets we can leverage our digital real estate monetize the Twitter account and YouTube

**[0:09:08]** channel and it even gets some suggestions for how we could do which is super cool and those really are good ways to monetize the Twitter account and the YouTube account and then it says look for freelance opportunities and software element or AI it could bring in additional income and diversify his

**[0:09:24]** income stream I don't know if I'd agree with this necessarily you might want to keep focusing on the digital real estate and really hone in on that but I'm just going to go with whatever GPT is saying here because it is a legitimate strategy just maybe not the one I would

**[0:09:37]** personally do and then creating an emergency fund very important three to six months of living expenses and then continuing on to the three year plan we have here continue to diversify Investments and this is going to be a theme for financial advice you receive no matter what so this isn't necessarily

**[0:09:52]** personalized to me but you can see a lot of the stuff already was and then now it talks about buying real estate and this is where you really start to see the Rich Dad Poor Dad book shine through and the advice that gbt is giving here because Robert in his book Rich Dad Poor

**[0:10:07]** Dad talks a lot about investing in real estate as the Main Avenue to build up your asset column so you can pay for all of your living expenses from the rent that you're getting in from renting out multiple real estate properties and then also talks about learning new skills

**[0:10:22]** like learning about investing in real estate and the stock market which is really good because even as a software developer when you're so focused in learning how to program how to master tools and processes it's important to learn a lot about other things as well like sales and marketing stock market

**[0:10:37]** investing even if you don't think those are as important you still need those to really build towards Financial Freedom like what's the point of building a good product if you can't Market it for example you could Outsource it but it's good to be able to know how to do that

**[0:10:48]** yourself especially in John Doe's case where he's building digital real estate anyway and so marketing and sales will help with that and then income streams make the side hustles and freelance work a more consistent source of income maybe replacing the job at some point and then A Five-Year Plan more types of

**[0:11:05]** investment give some examples there continuing in real estate you'll probably see this for the 10 year and 20 year plans as well and then at this point the income stream is going to cover a significant portion of the monthly expenses so what gbt is saying is between like the 5 and 10 year mark

**[0:11:21]** and the five and ten year plans you will have your assets built up enough with this plan to cover your monthly expenses and five to ten years is honestly not a lot of time like you could achieve true wealth by Rich Dad Poor Dad Roberts definition that's pretty good 10-year

**[0:11:36]** plan I'm going to kind of skim past these because it's going to get really vague at this point you just continue to build your real estate portfolio continue to expand your skills and really start to plan for retirement at this point and then they're going to the 30-year plan here at this point you

**[0:11:50]** should be fully enjoying retirement which for John the 30-year plan like 30 years after 25 you'd be 55 but it's saying like even before that you could expect to retire with this kind of plan so it's this isn't sure fire in any way but it's cool to see how GPT can easily

**[0:12:07]** take a book for context and all of your finances and lifestyle and come up with a really clear plan for you and you can even drill down on certain things tell me more about the real estate investing part or tell me more about the digital real estate and how I could expand and

**[0:12:21]** monetize my Twitter account and you can get even into more detail there and I'm going to tell it to continue to finish this problem you can see it gave so much information that it literally stopped generating the response because it hit that GPT limit so I had to tell it to

**[0:12:34]** continue in a separate prompt and so now it gives pretty general advice which goes along with the plan like diversification having minimal liabilities educating yourself talked a lot about skills for that Marketing sales real estate stock market expanding your soft relevance skills there's a lot of important things to learn you don't

**[0:12:52]** stop learning after college that's for sure and GPT understands that plans for taxes that's a really important thing and proud of GPT for bringing that up because a really important thing for Building Wealth that a lot of people Overlook is understanding taxes being able to create things like corporations

**[0:13:08]** to minimize your taxes as you're building off a real estate portfolio or doing things like a Roth 401k instead of a traditional 401k to maximize your tax advantage for when you take out money in retirement there's a lot of different things with taxes it's super cool that it understands that as well and then

**[0:13:24]** some practical starting points this is really important because these are things you can actually do right now like you can create a budget right now you can learn new skills right now learn about sales right now begin investing right now if you haven't already consult a professional for taxes like it says

**[0:13:40]** right here or even to learn a new skill consult a professional networking thinking long term also really important things yeah that's everything that I got at this point for getting Financial advice from GPT it's really a three-step process you first give context about a book that you really appreciate the

**[0:13:57]** financial advice of or an author you give it all all of your financial information your lifestyle your dreams your goals and then you give that right hook you give the ask you'd say with all this information that you have now give me a ton of information about plans

**[0:14:13]** about advice starting points action steps all that stuff and you can get so much information from GPT like in the example I had there I literally had to tell it to continue because it ran out of tokens to continue the response for me super cool stuff you guys could try

**[0:14:28]** this right now just take a minute take this prompt spice it up make it your own give it a shot and see what kind of advice GPT can give you no matter where you're at financially what age you are whatever this will help you and so give it a shot and if you found this helpful

**[0:14:41]** I'd appreciate if you guys would leave a like And subscribe and come back for the next videos I'll have on AI and software development thank you all for watching
