I'm thinking, Amanda, that AI is actually going to get rid of a few jobs in that because people will be able to do things that otherwise they'd pay $400 an hour for.

Yeah, the wealth management sector is rightly, you know, should be nervous.

It was a huge conference in Miami a couple months back with, you know, financial advisors there by, you know, the hundreds addressing what does the future look for us with AI.

Yeah.

And lots of interesting conversations and the heads of Claude there talking about tools, et cetera, that they could use.

So, you know, I think financial advisors are always going to talk their talk and, you know, downplay the risks.

And there'll be a certain segment of the population who won't use these tools because they're the too fearful, scared, or old school.

Oh, there's a very basic question.

Where are you? What do you reckon?

Well, my partner's convinced I'm going to be running off with some chat GPT avatar any day now because I do spend a lot of time with getting to know chat GPT and drilling out on everything, like you said, from cooking to how to change a light bulb or fix a leaky sink.

And on the financial front, It's great.

So I probably wouldn't have said that about five years ago, but as I've got more comfortable and understand the, you know, the nuances and the prompts and how to structure it, I think it's a fantastic tool.

Yeah.

Imperfect, but a fantastic tool for personal finance, particularly for people who are, this is the biggest thing I come across with people in personal finance.

They don't want to ask something that they feel will make them sound stupid or they don't understand anything.

Oh, there's a very basic question.

I don't want this question to be interpreted as having a crack at any profession, but I think there are certain professions where people who found it expensive to engage with them and basically can't afford them, and I'm thinking law, accounting, and also now personal finance, I'm thinking, Amanda, that AI is actually going to – it's going to get rid of a few jobs in that because people will be able to do things that otherwise they'd pay $400 an hour for.

Yeah, the wealth management sector is rightly – Are they nervous? Should be nervous.

There was a huge conference in Miami a couple months back with financial advisors there by the hundreds addressing what does the future look for us with AI.

Yeah.

And lots of interesting conversations and the heads of Claude there talking about tools, et cetera, that they could use.

So, you know, I think financial advisors are always going to talk their talk and, you know, downplay the risks.

And there'll be a certain segment of the population who won't use these tools because they're the too fearful, scared, or old school.

It

I don't want this question to be interpreted as having a crack at any profession, but I think there are certain professions where people who found it expensive to engage with them and basically can't afford them, and I'm thinking law, accounting, and also now personal finance, I'm thinking, Amanda, that AI is actually going to – it's going to get rid of a few jobs in that because people will be able to do things that otherwise they'd pay $400 an hour for.

Yeah, the wealth management sector is rightly – Are they nervous? Should be nervous.

There was a huge conference in Miami a couple months back with financial advisors there by the hundreds addressing what does the future look for us with AI.

Yeah.

And lots of interesting conversations and the heads of Claude there talking about tools, et cetera, that they could use.

So, you know, I think financial advisors are always going to talk their talk and, you know, downplay the risks.

And there'll be a certain segment of the population who won't use these tools because they're the too fearful, scared, or old school.

It

Yeah

... to identify what their actual expenses are.

And that, and they do it by looking at people living in the city versus the provinces, and those who've got, you know, just barely scraping by, and those who have a little bit of luxury.

They call it a choices.

And, um, there's some interesting...

There's a gap in both those areas, whether you're living in the province or, or, or the city, and, um, how much the New Zealand Super will afford for you and how much extra you're gonna have depending on what, how much you've saved.

And a million bucks is basically the difference between what, um, the current cohort will need if they're living, and that's a single person, by the way, um, or two, two-person household rather, um, in, in like Auckland or, you know, Wellington would need between to bridge the difference between the, what they get from the New Zealand Super and what they're gonna need to grow old together and afford a few perks.

... for people to check out.