The Elite Financial Advisor Podcast With Sten Morgan

80. How to use ChatGPT (w/ Matt Reiner)

Sep 8, 2023

Financial advisor Matt Reiner and AI expert discuss the importance of embracing innovation in the advisory industry. They explore the concept of 'lazy man's utopia' and the need for advisors to become more innovative and efficient. They also discuss the power of content creation and how technology has allowed advisors to build personal relationships with a wider audience. The podcast delves into the practical steps advisors can take to start using ChatGPT and overcome objections to adopting new practices. They also highlight the potential of AI tools in various areas.

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Introduction

00:00 • 3min

The Trap of Complacency and the Need for Innovation

02:44 • 2min

Exploring the Practicality of ChatGPT for Financial Advisors

04:29 • 3min

Overcoming Objections and Prioritizing Growth

07:38 • 11min

Using ChatGPT for Internal Content and the Future Potential of AI

18:12 • 4min

I'm thrilled to share some exciting insights from our latest podcast episode where Matt Reiner of https://www.mattreiner.com and I dove deep into the world of AI, specifically chat GPT, and its potential in the advisory industry.

Embracing Innovation: We discussed the common hesitancy among advisors to adopt new technologies. While it's natural to stick to what's familiar, we believe that stepping out of the comfort zone is key to staying ahead in this rapidly evolving industry.

The 'Lazy Man's Utopia': We explored the concept of the 'lazy man's utopia', where advisors stick to the average and avoid trying something new. However, we believe that the industry is on the brink of a generational shift, pushing us to become more innovative and efficient.

Overcoming the Psychological Barrier: Change can be daunting, especially when it's hard to measure the direct ROI. But we believe that long-term commitments like quality content creation can be game-changers in connecting with a wider audience and growing your business.

The Power of Content Creation: In today's digital world, relying solely on random encounters or referrals isn't enough. We discussed how technology has lowered the barriers to marketing, allowing advisors to share their stories and build personal relationships with a wider audience.

Exploring ChatGPT: We delved into the practical steps advisors can take to start using chat GPT. From writing a love song for a team member's wedding anniversary to creating the actual music for the song, the creative possibilities of this tool are endless!

The Importance of Curiosity: We emphasized the importance of being open to new technologies. With the rapid rate of change in the industry, curiosity and adaptability are more important than ever.

I hope these insights spark your curiosity and inspire you to listen to our full podcast episode. Remember, the future belongs to those who are willing to learn, adapt, and innovate. Let's embrace the power of AI together!

Best,

Sten Morgan