AI will change your life! Are you ready? Today we dive into the evolving landscape of AI, the capabilities and limitations of current AI models like ChatGPT, Claude, Grok, and Gemini, and why most users don't get the results they truly want. While AI is a very powerful but immature tool, learning how to use it effectively will help you to stay relevant in the workforce and can benefit your personal life as well. AI disruption is inevitable and potentially beneficial but it also raises serious questions about human adaptability for a rapidly changing future. Today we discuss...
- Frustrations around AI tools like ChatGPT, Gemini, Claude, Grok, and DeepSeek, especially when users expect too much without giving clear input.
- The importance of context and prompting in getting valuable responses from AI.
- Most people use AI poorly, often giving it vague or vanity prompts without depth.
- Our industrial-era mindset doesn’t prepare us to use AI effectively, and adaptation is essential.
- AI can assist with tasks like job postings or report generation, results depend heavily on user input.
- AI disruption will be massive, though adoption will happen gradually over time.
- The first wave of job losses will hit those who don’t learn how to use AI tools.
- Identity—such as being a provider, parent, or worker—could be threatened by AI taking over meaningful roles.
- Ego and confirmation bias could limit AI’s effectiveness as a truth-telling tool.
- While AI can process inputs and generate useful outputs, it still requires thoughtful human analysis.
- The U.S. housing market has shown nearly 500,000 more sellers than buyers — the largest gap on record.
- Credit conditions has deteriorated — 2.3 million borrowers have dropped into subprime credit territory
- Student loan delinquencies have spiked sharply since collections resumed in May.
- Nearly $100 million has been collected by Treasury and the Department of Education from defaulted borrowers.
- Average rent prices have declined, yet overall consumer stress has risen due to financial pressure.
- Housing prices remained elevated, but affordability has deteriorated, putting pressure on cash-strapped households.
- Mortgage availability remains key to housing demand, as the majority of buyers rely on loans, not cash.
- Google search trends reveal more people are asking AI and search engines basic “adulting” questions, like how to use a mop or credit card.
"Cash is not trash... Cash is King" - Kirk Chisholm
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Today's Guest: Kirk Chisholm
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group, an independent Registered Investment Advisor located in Lexington, MA. He has been providing wealth management services to individuals, executives, entrepreneurs, and their families since 1999. He is an outside the box thinker, risk manager, inflation expert, blogger, podcaster, and all-around interesting guy. Kirk is dedicated to developing lasting relationships with all of his clients and their families. One of the benefits of working with Kirk is his patience, empathy, and his ability to provide clear and easy-to-understand explanations to complex financial topics.
Kirk developed a unique philosophy for the wealth management industry called Risk Management First. The medical field has a similar way of thinking of “first do no harm”. This philosophy focuses on risk management for clients in all aspects of their lives in ways the industry does not address. Risk management does not stop with investments. It also requires working closely with other professionals to address areas of their financial lives not currently being met.
In 2008, Kirk co-founded Innovative Advisory Group to address the needs not being addressed by the wealth management industry. It started with specializing in alternative assets held in retirement accounts (i.e. self directed IRAs/401ks). Then the company expanded into the specialization of college funding (i.e. planning, strategy, and paying the least possible for a high quality education), Risk Management First, exit planning for business owners, advanced planning (estate, tax, etc), and providing practice management and leadership training to other financial advisors, accountants and attorneys.
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Today's Panelists
- Kirk Chisholm | Innovative Wealth
- Douglas Heagren | Mergent College Advisors