Let Money Grow logoLet Money Grow
All courses

Applied · 25 min

AI for Money Decisions

Use AI as a tutor, never an authority: what it is good at, where it fails, and how to verify before money moves.

Read everything below for free. Sign in to save progress, take the quiz and earn your certificate.

  1. Lesson 1: What AI is genuinely good at here

    Explanation, translation, and preparation — not prediction. Use it to understand concepts and prepare for conversations with licensed professionals.

    • Ask it to explain a concept at three levels: plain language, worked example, and the objections a skeptic would raise.
    • Use it to turn a confusing statement, loan term sheet, or insurance policy summary into a list of questions.
    • Ask it to build agendas and document checklists before meeting a CPA, lender, attorney, or broker.
    • Have it stress test your assumptions: what has to be true for this plan to work, and what breaks it.

    Takeaway: Use AI to prepare and understand. Use professionals to decide and execute.

  2. Lesson 2: Where AI fails

    Models can produce fluent, confident, wrong answers — especially on current tax figures, program rules, rates, and anything specific to your jurisdiction.

    • Contribution limits, tax thresholds, SBA rules, and lending requirements change; treat any specific number as needing verification.
    • AI does not know your full financial position, risk tolerance, or legal situation unless you tell it, and it should not be your adviser regardless.
    • It can invent citations, statutes, and product terms. Verify against primary sources.
    • Never paste account numbers, full identifiers, or credentials into any chat tool.

    Takeaway: Confidence is not accuracy. Verify every number that drives a decision.

  3. Lesson 3: Writing prompts that produce useful answers

    Specificity, constraints, and requested format do most of the work. Vague questions produce generic answers.

    • Give context: rough situation, goal, timeline, and constraints — without sensitive identifiers.
    • Ask for structure: a comparison table, a step sequence, or a question list you can take to a professional.
    • Request the counter-case explicitly: 'what are the strongest arguments against this?'
    • Ask what information is missing before an answer can be responsible.

    Takeaway: A good prompt states the situation, the goal, the format, and asks for the downside.

End-of-course quiz

4 questions. You need 3 right to pass. Answers are graded on our server.

Sign in to take the quiz.

Educational content only. Nothing here is tax, legal, investment or insurance advice. Speak to a CPA, attorney or licensed adviser before acting.