AI tips for wealth creation
In 2023, 45% of Americans have a side hustle. Yet, the average monthly income from such activity is only $483, and entrepreneurs spend an average of 13 hours per week on it. This comes down to an hourly rate of $9.20, which is less than you can make working a regular 9–5 job. Yet by the end of this year, the global side hustle economy is expected to be worth $455 billion, so the opportunity to get a bigger slice of the cake has never been more ripe.
With the recent surge in popularity around using AI to do and answer just about anything, I thought of asking ChatGPT to come up with a plan for a 30-year-old person, with the goal of generating $4,000 in passive income by age 40. I went with 30 years old because I’m almost this “old”, and it’s also an age I think a lot of my readers will relate to. I decided to give the AI a 10-year timeline because I was curious to see if it would come up with anything novel, something I hadn’t thought about myself. Here is the exact prompt I used:
