I Asked ChatGPT To Make Me As Much Money As Possible

Andrei Jikh
20 Mar 202313:47

TLDRIn this video, Andre Dick explores the potential of using AI to generate income. He recounts the story of Jackson Fall, who leveraged AI to turn $100 into over $1,000 in a day by creating an eco-friendly affiliate website. Andre then puts the AI, now named Invest GPT, to the test by giving it $100 and challenging it to create a profitable investment portfolio. Despite the AI's risky suggestions, the results are not favorable, with a 15.3% loss. Andre concludes that while AI can be a creative tool, traditional investing strategies in broad market index funds are more reliable for long-term growth.

Takeaways

  • ๐Ÿš€ Andre Dick's goal was to use the AI model GPT 4.0 to generate income quickly without breaking any laws.
  • ๐Ÿ’ก Jackson Fall's Twitter experiment with GPT inspired Andre to try a similar approach with the aim of making money.
  • ๐ŸŒ GPT suggested creating an affiliate website focused on eco-friendly products to monetize through affiliate marketing.
  • ๐Ÿ” The plan involved buying a domain, creating content, signing up for affiliate programs, and designing a website logo.
  • ๐Ÿ“ˆ Jackson turned $100 into over $1,000 in a day by following GPT's advice and attracting investor interest.
  • ๐Ÿ“Š The experiment's success was partly due to Jackson's existing Twitter following, which may not be replicable for others.
  • ๐Ÿ”„ Andre's follow-up experiment with 'invest GPT' provided investment advice based on outdated information, leading to potential losses.
  • ๐Ÿ“‰ The AI's investment suggestions, including stocks, bonds, and cryptocurrencies, did not outperform the S&P 500 index.
  • ๐Ÿ’ญ Andre concluded that GPT is a useful tool for creativity and concept breakdown but not yet reliable for financial advice.
  • ๐Ÿ“š Andre's personal investment strategy favors low-cost broad market index funds and ETFs over high-risk, quick-gain approaches.
  • ๐ŸŽฅ The video also promoted MooMoo's supply chain feature as a tool for simplifying investment research.

Q & A

  • What was Andre's goal when he interacted with the AI model?

    -Andre's goal was to make as much money as possible in the shortest time using the AI model without engaging in any illegal activities.

  • Who inspired Andre's video concept?

    -Jackson Fall inspired Andre's video concept with his experience on chat.open.ai.

  • How did Jackson Fall turn $100 into over $1,000 in a day?

    -Jackson Fall created an affiliate website marketing eco-friendly products, signed up for affiliate programs like CJ Affiliates or Amazon Associates, and used AI to design the website and content.

  • What was the master plan proposed by the AI model?

    -The AI model suggested creating an affiliate website focused on eco-friendly products, buying a domain name, creating content, and using AI for design and marketing.

  • How did Andre evaluate the AI's investment recommendations?

    -Andre ran multiple simulations based on the AI's recommendations and compared the outcomes to the performance of the S&P 500 index.

  • What was the outcome of the AI's investment strategy?

    -The AI's investment strategy resulted in a 15.3% loss, slightly worse than the S&P 500's 13.5% loss during the same period.

  • Which investment did the AI recommend that outperformed the S&P 500?

    -The AI recommended a tech sector ETF with the ticker symbol XLK, which was down 10% compared to the S&P 500's 13.5% decline.

  • What is Andre's personal investment strategy?

    -Andre's personal investment strategy is to invest in low-cost broad market index funds and ETFs over a long period, such as VO and VTI.

  • How does Andre view the potential future use of AI in finance?

    -Andre believes that in the future, AI could connect to the internet, analyze financial markets, and provide usable financial advice, but he would likely still stick to his broad market index fund strategy.

  • What is the significance of the REIT investment mentioned in the script?

    -REITs (Real Estate Investment Trusts) are significant because they offer high dividend yields and allow shareholders to own real estate in stock form without physically purchasing property.

  • What was the role of the AI model Dolly in the script?

    -Dolly was used to create a logo for the affiliate website by following specific instructions provided by the AI model Chat GPT.

Outlines

00:00

๐Ÿค– Experimenting with Chat GPT for Money Making

Andre Dick introduces an experiment where he uses the AI model, Chat GPT 4.0, to generate income. Inspired by Jackson Fall's success on Twitter, Andre sets out to replicate the strategy. The plan involves creating an affiliate website marketing eco-friendly products, with specific steps like buying a domain, creating content, signing up for affiliate programs, and designing a logo with AI assistance. The experiment results in a rapid increase in capital, showcasing the potential of AI in entrepreneurship.

05:01

๐Ÿ“ˆ Investing with Invest GPT: A Risky Venture

Andre Dick continues the narrative by creating 'Invest GPT' to manage a hypothetical investment portfolio. The AI suggests an aggressive investment strategy considering the current economic climate, including stocks, bonds, and cryptocurrencies. Despite the AI's recommendations, the simulated portfolio suffers losses across various investments. Andre reflects on the importance of long-term, low-risk investment strategies, such as index funds and ETFs, rather than seeking quick riches.

10:03

๐Ÿš€ Reflecting on Chat GPT's Potential and Limitations

Andre concludes the video by sharing his thoughts on the potential of Chat GPT as a creative tool and its limitations in financial advice. He acknowledges the AI's creativity and its ability to break down complex concepts but also emphasizes the importance of proven investment strategies. Andre encourages viewers to consider Chat GPT as a resource for ideas and information, while maintaining a balanced approach to financial decisions.

Mindmap

Keywords

๐Ÿ’กChat GPT 4.0

Chat GPT 4.0 is a language-based AI model mentioned in the video as a powerful tool for generating income. It is used to simulate an entrepreneurial AI that aims to maximize profit within a short time frame. The video's narrative revolves around the potential of this AI to provide financial strategies and its interaction with the human counterpart, Andre Dick.

๐Ÿ’กAffiliate Marketing

Affiliate marketing is a strategy where an individual earns a commission by promoting products or services. In the video, the AI suggests creating an eco-friendly affiliate website to market products and earn money through affiliate links. This method involves no manual labor and relies on the AI's guidance to set up and promote the website.

๐Ÿ’กEco-Friendly Products

Eco-friendly products are those designed to have a minimal impact on the environment. The video's AI recommends focusing on these products for the affiliate website, capitalizing on the growing consumer interest in sustainability. This aligns with the theme of leveraging current market trends for financial gain.

๐Ÿ’กInvestment Strategy

An investment strategy is a plan or approach to investing with specific goals, such as maximizing returns or minimizing risk. The video explores different investment strategies suggested by the AI, including stock market investments, bonds, and cryptocurrencies, reflecting the theme of seeking high returns in a short period.

๐Ÿ’กHustle GPT

Hustle GPT is a term used in the video to describe the entrepreneurial AI's role in the experiment. It represents the AI's ability to hustle, or work hard, to generate income. This concept is central to the video's exploration of AI's potential in the financial realm.

๐Ÿ’กDomain Name

A domain name is the unique address of a website on the internet. In the video, the AI suggests purchasing a domain name as the first step in creating the affiliate website, which is crucial for establishing an online presence and attracting traffic.

๐Ÿ’กContent Creation

Content creation involves producing material such as articles, images, or videos to engage an audience. The AI guides Andre on creating content for the website, which is essential for attracting visitors and potential customers, and ultimately, for generating affiliate sales.

๐Ÿ’กLogo Design

A logo is a visual symbol that represents a brand or company. In the video, the AI provides instructions for creating a logo, which is an important aspect of branding and helps to establish the identity of the affiliate website.

๐Ÿ’กLanding Page

A landing page is the first page a visitor sees when they click on a link. It is designed to capture attention and encourage action, such as making a purchase or signing up for a newsletter. The AI provides detailed instructions for designing the landing page, which is a key component of the website's user experience.

๐Ÿ’กInvest GPT

Invest GPT is a concept introduced in the video where the AI is tasked with creating an investment portfolio. This represents a shift from the initial hustle GPT experiment to a more traditional financial investment approach, exploring the AI's capabilities in a different context.

๐Ÿ’กPortfolio Diversification

Portfolio diversification is an investment strategy that involves spreading investments across various assets to reduce risk. The AI's recommendations include a mix of stocks, bonds, and cryptocurrencies, which reflects an attempt at diversification to achieve a balanced investment approach.

Highlights

Andre Dick introduces a new and more powerful chat GPT 4.0 to make money quickly without illegal activities.

Jackson Fall's story on Twitter inspired Andre to use chat GPT for financial gain.

Jackson turned $100 into over $1,000 in a day by following chat GPT's advice.

The master plan involved creating an affiliate website marketing eco-friendly products.

The first step was to buy a domain name, greengadgetguru.com, for $15.

Chat GPT instructed to create content focusing on specialty kitchen gadgets and pet supplies.

Signing up for affiliate marketing websites like CJ Affiliates or Amazon Associates was the next step.

Chat GPT provided detailed instructions for designing the website logo and landing page.

The website was created in one day, spending only $8.16 on the domain and $28 on hosting.

An investor offered $100 for 25% of the company's profits, valuing it at $25,000.

Andre Dick questions the sustainability of the website's success without Jackson's Twitter following.

Chat GPT suggested investing $50 in the stock market, specifically the S&P 500 ETF.

A $25 investment in the iShares bond ETF was recommended, which lost 4.5% since September.

Chat GPT advised investing $15 in cryptocurrencies, Bitcoin and Ethereum, which lost value.

Keeping $10 in cash was part of the investment strategy, despite inflation.

The overall investment resulted in a 15.3% loss, worse than the S&P 500's 13.5% loss.

Andre Dick ran eight more simulations to test different investment strategies.

Only three specific ticker symbols outperformed the S&P 500 in the simulations.

Andre emphasizes the importance of long-term, low-cost index fund investments over quick gains.

Chat GPT's potential future applications include connecting to the internet for financial market analysis.