How ChatGPT Can Boost Your Wealth Strategy

As we move deeper into the digital age, tools like ChatGPT are changing the way we think, plan, and learn. Just like working out or learning a new language, using ChatGPT has a learning curve—but the benefits are worth the effort. It’s one of the most versatile tools available today, and if you’re not using it, you’re missing out on a powerful resource that can help you grow both personally and professionally and financially.

At Members' Wealth, I use ChatGPT every day to brainstorm ideas, break through writer’s block, and improve client experiences. Not exhaustive but here we go….to look up ticker symbols, to do initial research, to do final research, to read and summarize ridiculously long PDFs, to prep for meetings where the other person in the room knows more than me, to evolve and grow my marketing strategies, to become a better leader, father, husband, to make me laugh, to brighten my day and most importantly to be a better wealth strategist and advisor to CHALLENGE EVERY ASSUMPTION I HAVE.

“Hey ChatGPT – this is how I think. What is good bad or indifferent about this? How should I take another’s perspective? What could I do better or different to help our clients more…. How should I ask you better questions. What am I missing. Are you sure about your response…”

And I encourage you to do the same! Let me share why I think everyone should be using ChatGPT and how it can make a difference in your life.

Why Use ChatGPT?

ChatGPT is like having part Google, part self-help guru, and part coach right at your fingertips. It’s a tool that combines knowledge, creativity, and guidance, all in one place. Whether you're working through a tough problem, need help with a plan, or just want a fresh perspective, ChatGPT has you covered.

No excuse not to try:

• Accessible to everyone: It’s free to get started and can be used by anyone willing to experiment and learn. (though paid upgrades are mind blowing)
• Voice-activated fun: If you’re like me, you can even use it on the go—voice-activated ChatGPT is great for family discussions – we settled that “is a Panther its own breed” debate just this weekend!!!. (It’s not)
• Versatile: Whether you need research, inspiration, or a coach to help you improve, ChatGPT can do it all.
• And on and on and on….

Overcoming the Learning Curve

Like any new tool, there’s a bit of a learning curve, but it’s nothing you can’t handle. (You can ask her how to get started.) The key is to use it consistently and get comfortable asking ChatGPT questions. But you do not need to be Socrates. If you are blanking, ask ChapGPT what questions you should be asking. So here is my paraphrased tree wisdom: The best time to have started working with ChatGPT was the day it launched, the next best time. TODAY!

Here are a few tips to get started:

• Use it daily: The more you use ChatGPT, the more comfortable you’ll become, and the better your results will be.
• Improve your prompts: ChatGPT can even help you improve how you ask questions, which leads to more accurate and useful responses.
• Test new ideas: If you’ve got an idea but aren’t sure if it’s fully formed, run it by ChatGPT first. It’s a great way to gain confidence before sharing with others.

Practical Uses for ChatGPT

At Members’ Wealth, we’re not afraid of ChatGPT replacing us—quite the opposite! We see it as a tool to help our clients become even more educated and empowered when it comes to their wealth, estate, insurance, taxes, and investments.

Maybe ChatGPT is just fooling with me to protect her own growth but:

Me: “Can you replace me as a financial advisor?”

ChatGPT: While I can assist with financial planning by offering insights and answering questions, I can't replace the human connection, empathy, and judgment that you, as an advisor, provide. Financial advising is about building trust, customizing strategies, and holding clients accountable—all based on personal relationships and deep experience. I’m here to support and enhance what you do, but your role is irreplaceable when it comes to guiding clients through their unique financial journeys.

BOOM!!! – IRREPLACEABLE. Insecurities overcome…time to learn and get better! Thanks ChatGPT.

Trust but Verify

Of course, like any tool, ChatGPT isn’t perfect. (Neither am I, and why we make a great pair). ChatGPT is not always right, but no one is! The key is to trust but verify. Use ChatGPT for insights, but always double-check the information for important decisions.

Final Thoughts

ChatGPT may not be the secret weapon it once was, but it’s certainly a tool you should be using every day—especially when it comes to improving your wealth strategy. At Members' Wealth, I’ve seen firsthand how it can spark creativity, challenge assumptions, and enhance decision-making, making both my clients and myself better equipped for financial success. Whether you’re brainstorming ideas, researching investments, or simply exploring new perspectives, ChatGPT is there to support you.

So, don’t wait until tomorrow. Start using it today to empower your financial journey, stay ahead of the curve, and continuously improve—because the future of wealth strategy is here, and it’s smarter than ever.

About the Author – Dane Czaplicki, CFA®

Dane Czaplicki is CEO of Members’ Wealth, a boutique wealth management firm that offers a comprehensive approach to serving individuals, families, business owners, and institutions. The firm’s goal is to preserve and grow its clients’ wealth to endure over time, while thoughtfully evolving its strategy to suit an ever-changing world. With over 20 years of wealth management experience, Dane and the Members' Wealth team thrive on bringing clarity and confidence to clients' unique situations. He believes everyone needs sound financial advice from someone whose interests are aligned with theirs, and is determined to put service before all else.

Dane received his MBA from The Wharton School of Business at the University of Pennsylvania and his bachelor’s degree from Bloomsburg University. Outside work, he enjoys spending time with his wife and kids, hiking and camping, reading, running, and playing with his dog. To learn more about Dane, connect with him on LinkedIn.

To get in touch with the Members’ Wealth team today, I invite you to email info@memberswealthllc.com or call (267) 367-5453. 

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