How AI gets simple finance wrong, and how to make it work for you, not mislead youTopics covered include:<ul><li>How AI ignores the time value of money</li><li>A detailed example of ChatGPT misleading by making a simple math mistake</li><li>Some examples of opportunity costs and sunk costs when making financial decisions</li><li>Understanding how AI works can help us use it more effectively</li></ul>Sponsors<a href="https://claude.ai/david" rel="noopener noreferrer" target="_blank">Claude.ai -&nbsp;Sign up for Claude today and get 50% off Claude Pro</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Show Notes<a href="https://mindmatters.ai/2025/08/what-kind-of-a-phd-level-expert-is-chatgpt-5-0-i-tested-it/" rel="noopener noreferrer" target="_blank">What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters</a><a href="https://futurism.com/future-society/general-taylor-korea-chatgpt" rel="noopener noreferrer" target="_blank">Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism</a><a href="https://arxiv.org/abs/2509.04664" rel="noopener noreferrer" target="_blank">Why Language Models Hallucinate by Adam Tauman Kalai,&nbsp;Ofir Nachum, et al—Arxiv</a><a href="https://www.nerdwallet.com/calculator/auto-loan-calculator" rel="noopener noreferrer" target="_blank">Auto Loan Calculator—nerdwallet</a>Related Episodes<a href="https://moneyfortherestofus.com/538-forests-fakes-and-the-fight-for-the-real/" rel="noopener noreferrer" target="_blank">538: Forests, Fakes, and the Fight for the Real</a><a href="https://moneyfortherestofus.com/457-ai-crossroad/" rel="noopener noreferrer" target="_blank">457: AI’s Fork in the Road: Societal Bliss or Existential Threat</a><a href="https://moneyfortherestofus.com/450-higher-rates/" rel="noopener noreferrer" target="_blank">450: How Higher Interest Rates Alter Our Financial Blueprint</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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