10 Ways to Use ChatGPT So Well It Feels Illegal (Tutorial)

Summary

This video explores the power of using ChatGPT as a multi-functional assistant for various tasks, from tax strategy and legal document analysis to advanced business research and personal productivity. The speaker highlights how AI can streamline processes, enhance decision-making, and save time and money. By leveraging different ChatGPT models for tasks requiring deeper analysis, users can create detailed reports, compare products, and make more informed choices. Ultimately, the video encourages viewers to treat AI as an essential tool in their daily and professional lives, offering efficiency and advanced problem-solving capabilities.

Takeaways

• 😀 ChatGPT can be used as a financial strategist by creating custom strategies based on personal financials and business details.
• 😀 AI tools like ChatGPT can help analyze and interpret complex legal documents, potentially saving significant legal costs.
• 😀 ChatGPT can perform in-depth research on topics like stock market performance or consumer products, producing detailed reports for informed decision-making.
• 😀 Using AI for advanced reasoning tasks (e.g., stock analysis, legal review) provides access to high-level insights and suggestions in real-time.
• 😀 ChatGPT's different models (e.g., GPT-4, GPT-3) cater to various complexity levels, with GPT-4 being ideal for most tasks and GPT-3 for deeper analysis.
• 😀 ChatGPT can analyze market trends, create personalized investment strategies, and even generate reports on financial and business metrics like P&L statements.
• 😀 For product comparisons (e.g., cameras, lenses), ChatGPT can generate tailored reports, outlining use cases and product recommendations based on specific needs.
• 😀 AI can be treated as a highly skilled, always-on virtual assistant or research analyst, capable of handling a wide range of professional tasks.
• 😀 ChatGPT excels at summarizing complex information and providing concise analysis, making it a powerful tool for research and decision support.
• 😀 The more frequently AI is used, the more valuable it becomes in streamlining tasks, enhancing productivity, and supporting financial success.
• 😀 By using AI tools like ChatGPT effectively, individuals can operate with the efficiency and knowledge of a world-class employee, working 24/7.

Q & A

What is the primary way the speaker uses ChatGPT in their financial planning?

The speaker uses ChatGPT to generate custom tax strategies and entity structures by providing detailed context about their financials, net worth, and businesses. ChatGPT helps create strategies that the speaker can then verify with a tax strategist or CPA.

How does ChatGPT help with legal work, according to the speaker?

ChatGPT is used by the speaker to draft and interpret legal documents, such as contracts. The speaker uploads contracts from brands and uses ChatGPT to analyze them, which allows them to propose changes directly to the brands.

Why does the speaker consider ChatGPT to be an effective alternative to hiring professionals?

ChatGPT saves significant money by offering services that would typically be expensive, such as tax strategy advice and legal analysis. The speaker believes many people are underusing ChatGPT, which can function like a service provider in many areas of life.

What types of models does the speaker mention for using ChatGPT and when should each be used?

The speaker mentions using the 'O' model (likely GPT-4) for general tasks that don’t require advanced reasoning, while the '03' or 'OX' models (likely earlier versions) are used for tasks requiring more advanced reasoning. They opt for the more advanced model when in-depth reasoning is needed, even if it takes longer.

How does ChatGPT assist in the stock market analysis?

The speaker demonstrates how to use ChatGPT to analyze the top-growing stocks in the S&P 500 over the last three months, comparing analyst opinions and generating a detailed PDF report with stock ratings. This report helps the speaker make informed decisions, though they don’t rely solely on it for stock picks.

What additional functionality does ChatGPT have when integrated with other tools?

ChatGPT can integrate with other tools like Gmail and Dropbox, which enhances its ability to access personal data and company financials. This allows it to generate financial reports like P&L statements and conduct more tailored research.

How does the speaker describe the role of ChatGPT in daily work?

The speaker describes ChatGPT as a virtual assistant or executive assistant that works 24/7, offering an easy way to complete tasks that would normally require specialized knowledge, such as market research, legal document review, or product comparisons.

In what ways does ChatGPT improve productivity and efficiency?

ChatGPT improves productivity by handling routine tasks, providing quick research, generating reports, and offering personalized insights. By automating these processes, users can focus on higher-level decision-making and avoid spending time on repetitive tasks.

How does the speaker encourage viewers to use ChatGPT?

The speaker encourages viewers to treat ChatGPT as an invaluable, highly paid employee. They suggest using it extensively for tasks that involve analysis, legal work, and financial planning, emphasizing that the more you use it, the more efficient and productive your life will become.

Why does the speaker still prefer using Google for some tasks despite praising ChatGPT?

The speaker prefers Google for simple queries or current events, as ChatGPT is better suited for tasks requiring more analysis, summaries, or in-depth reasoning. Google is more efficient for direct information retrieval, while ChatGPT excels at providing more thoughtful, research-driven answers.