Cyprus Times

ChatGPT's Advice: How to Get Rich with a $50,000 Income

Published January 19, 2026, 20:01
ChatGPT's Advice: How to Get Rich with a $50,000 Income

The host of the podcast The Diary Of A CEO, Steven Bartlett, asked ChatGPT how a person with an annual income of $50,000 can achieve financial freedom. ChatGPT's response was to focus on saving and consistently investing in low-cost, broad-based indices, such as the S&P 500, living below one's means, and allowing compound interest to work over time. In a discussion with economist JL Collins, ChatGPT also suggested developing skills in high demand, seeking opportunities for professional advancement, and exploring side income streams or investments in assets that generate passive income, such as real estate or dividends. JL Collins commented that programming was once in high demand, but this will change with the rise of artificial intelligence. He expressed the view that AI will significantly change many jobs, perhaps even faster than in the past. These statements come after concerns from OpenAI CEO Sam Altman about potential job losses due to artificial intelligence, emphasizing that AI could replace a large portion of customer service roles.