Should We Let AI Manage Our Money with Ronika Khanna - 196

In this week's episode of Money Talk, I sat down with Ronika Khanna, a CPA and CFA who helps solopreneurs and small business owners make sense of their money through her firm, Montreal Financial. We dove into a topic that’s right up my alley, AI and personal finance. Can we really trust AI to manage our money? Should we? Ronika and I explored the practical ways AI can assist with personal finances, where it falls short, and what the future might look like if we hand over the financial reins to technology. Spoiler: it’s not as simple as letting the robots do all the work!

Whether you’re a tech enthusiast curious about how AI can streamline your money decisions, or someone who’s skeptical (and maybe a little nervous) about AI's role in personal finance, this episode will give you real insights on using AI wisely without losing the human touch. Plus, we share some fun stories, like how ChatGPT confidently gives wrong answers and how a robot vacuum proved my wife right all along.

💰 This Week’s Money Talking Points:

1. How is AI actually useful in helping with our money?
2. Should AI be avoided when it comes to helping us with our money?
3. Will the future of money management be humanless?

🔗 Resources & Mentions:

• Ronika Khanna: Learn more about her work at https://www.montrealfinancial.ca/
• RSFlemingos: Check out my wife and I’s travel vlog channel: https://www.youtube.com/@rsflemingos

⏱ Time Stamps:

[00:00] Welcome to Money Talk + Storytime: Robot Vacuums & Tech Wins

[05:00] How AI Is Changing the Way We Manage Money

[12:00] The Problem with AI Giving Confidently Wrong Answers

[20:00] Can AI Help Settle Money Fights? (Spoiler: Maybe!)

[30:00] The Future of Money Management—Will Humans Still Matter?

[38:00] Final Thoughts: Why Money Is More Than Just Math

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"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/

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