#194: AI For Financial Coaches

In this episode, we dive into the evolving role of Artificial Intelligence (AI) in financial coaching and counseling. From boosting productivity to streamlining client support, AI offers exciting possibilities—but it also comes with important caveats. We unpack where AI can enhance your practice, what to watch out for, and how to get the most out of these tools without compromising quality or ethics.

Top takeaways:

• AI isn’t always cheap: High-performing tools may have a steep price tag.
• AI can support nearly every aspect of your work—but don’t expect magic. Results may fall short of expectations.
• AI is more time-consuming than you may think: Effective use of AI requires thoughtful input and iterations.
• Prompts matter: The more context you provide—your goals, strategy, and desired tone—the better the output.
• Refinement is key: Ask for multiple options and be prepared to give feedback across several rounds.
• Expect formulaic results: AI tends to default to generic patterns.
• Know your sources: Understand where your AI tool pulls its information from.
• Copyright limitations: AI-generated content may not be eligible for copyright protection.
• Start with your systems: Review your current workflows to identify where AI could improve efficiency or effectiveness.

Tune in to learn how to use AI as a thoughtful partner—not a shortcut—in your financial coaching journey.