Wondering if AI can help you manage your money smarter? We’re talking about how AI tools like ChatGPT can boost your financial life, and where they’re likely to steer you wrong. Learn practical ways to use AI for tasks like budgeting, organizing your accounts, and saving time, while still knowing when you need a real human advisor to look out for your best interests. Plus, we’ve got some bonus insider intel from Sim’s husband, who’s worked in AI for years, for a behind-the-scenes look at what this technology can (and can’t) do. If you’ve wondered whether AI can replace a financial planner — or how to use tech to boost your own money decisions — this one’s for you.

Key moments:

(04:35) To be more likable, ChatGPT started flattering users with answers, even when they weren’t true or helpful
(10:52) You can’t rely solely on AI since it’ll answer confidently, even when it’s wrong
(13:48) Where AI shines in finance: calculations, summaries, and organizing complex information
(22:16) AI can’t hold you accountable or coach your financial habits like a human can
(24:50) There’s no accountability if AI gives you terrible financial advice
(28:56) How we actually use AI tools in our financial planning work

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We’re not judging. But after digging into a few too many cluttered portfolios lately, we figured it’s time to talk about some common mistakes that could be quietly chipping away at your progress. If you’re juggling old 401(k)s, multiple target-date funds, and accounts that don’t talk to each other, it’s time to take a closer look. You’ll learn how to spot inefficiencies, clean up clutter, and actually understand what you own, so your investments are working with your goals, not against them.

Key moments:

(04:49) We want diversification, but that doesn't mean more funds

(10:51) Mixing aggressive and conservative funds can throw off your entire investment strategy

(15:35) Some funds charge more than people realize, which can cut into returns

(27:34) Switching jobs can leave behind forgotten 401(k)s that need attention

Link mentioned in this episode:

• Morningstar.com to lookup expense ratios

There’s no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth for $1, risk free!

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts

We need to talk about some major — and frankly, troubling — student loan news coming out of Congress. The House bill has been out for a little while now, and it wasn't so positive. But the Senate has just released its own student loan bill proposal, and it’s not so hot either. Learn what’s in the proposal, what it could mean for borrowers like you, and why it feels wildly out of touch with reality. We’re here to help you understand what’s in the bill and get candid about how these changes feel surprisingly tone-deaf in today’s student debt environment.

Key moments:

(08:26) Senate bill repeals affordable income-based repayment plans, cutting off a path to forgiveness

(12:17) It seems like part of a broader plan to disincentivize folks from getting an education

(18:27) Borrower protections vanish — no more loan cancellation if a school lies or misleads you

(28:49) Loan caps may push students toward risky private loans and worsen racial gaps in medicine

(33:38) Borrowers are left scrambling after planning for a system that’s suddenly been rewritten

Links mentioned in this episode:

Senate’s Higher Education Bill Proposal

Senate GOP Endorses Repeal Of Student Loan Forgiveness And IDR Plans

There’s no one-size-fits-all for wealth. Get the plan that fits you. Try SLP Wealth for $1, risk free!

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