I Asked ChatGPT How To Build Wealth for the Rest of Trump’s Term: Here’s Its Plan

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Suze Orman’s Top Tip for Building Wealth Is a ‘Very Easy One’Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their MoneyThe average person doesn’t have a big portfolio to cushion volatility. But that doesn’t mean you can’t build real wealth between now and the end of Trump’s term in 2028. I asked ChatGPT to home in on the most effective ways to build wealth in the remainder of Trump’s term.The artificial intelligence pointed out that if you want to grow wealth no matter who is in office, you need strong financial foundations. That means doing “the unglamorous work first,” it said, such as controlling your spending, paying off high-interest debt and setting up an emergency fund.It suggested you think of these as “the defensive plays that protect your future offense.” Whether a football metaphor works for you or not, you can’t argue that doing such things as eliminating 20% (or higher!) credit card interest gives you a guaranteed return that most investors would kill for.When you automate a monthly transfer into savings or investment accounts, you set yourself up for actual success. The AI explained that financial planners often call this “paying yourself first.”Learn More: 10 Genius Things Warren Buffett Says To Do With Your MoneyOnce your financial footing is solid, it’s time to focus on growth, ChatGPT said. The most accessible path for the average American is broad-based investing — namely in low-cost index funds and exchange-traded funds (ETFs). The S&P 500, for example, has historically averaged returns of 8% to 10% annually, despite temporary dips and political shifts.Steadfast investing removes ineffective attempts at “timing the market” or guessing which sectors will skyrocket. In a nutshell, just invest consistently — through workplace retirement plans like a 401(k), individual IRAs or taxable brokerage accounts. If your employer matches contributions, always take advantage of that free money. If you qualify for a Roth IRA, your future withdrawals will be tax-free. Even as little as $200 per paycheck can grow meaningfully by 2028.The economy under Trump 2.0 faces plenty of challenges due to tariffs, inflation pressure and market volatility. “These conditions make diversification more crucial than ever,” ChatGPT said. A healthy portfolio shouldn’t be 100% in stocks. Bonds, Treasury funds and high-yield savings accounts are good options. Shorter-term bonds can provide safety while still earning solid yields.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,865.50 -17.25 (-0.25%)Dow Futures47,394.00 -79.00 (-0.17%)Nasdaq Futures26,006.75 -96.50 (-0.37%)Russell 2000 Futures2,475.80 -3.90 (-0.16%)VIX17.17 -0.27 (-1.55%)Gold3,998.30 -15.70 (-0.39%)PortfolioSign in to access your portfolioSign inTop gainersCIFR Cipher Mining Inc. 22.76 +4.11 (+22.04%)AMKR Amkor Technology, Inc. 37.84 +5.56 (+17.22%)LUMN Lumen Technologies, Inc. 11.83 +1.55 (+15.08%)IDXX IDEXX Laboratories, Inc. 722.94 +93.43 (+14.84%)FRPT Freshpet, Inc. 56.25 +7.04 (+14.31%)Top losersQURE uniQure N.V. 34.29 -33.40 (-49.34%)RGC Regencell Bioscience Holdings Limited 13.56 -3.09 (-18.56%)KMB Kimberly-Clark Corporation 102.27 -17.44 (-14.57%)UUUU Energy Fuels Inc. 17.80 -2.71 (-13.21%)QS QuantumScape Corporation 16.21 -2.23 (-12.09%)Most activeKVUE Kenvue Inc. 16.14 +1.77 (+12.32%)NVDA NVIDIA Corporation 206.88 +4.39 (+2.17%)CIFR Cipher Mining Inc. 22.76 +4.11 (+22.04%)PFE Pfizer Inc. 24.66 +0.01 (+0.04%)ONDS Ondas Holdings Inc. 6.15 -0.29 (-4.50%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersPLTR Palantir Technologies Inc. 207.18 +6.71 (+3.35%)HIMS Hims & Hers Health, Inc. 44.39 -1.07 (-2.35%)ETH-USD Ethereum USD 3,638.11 -201.33 (-5.24%)KMB Kimberly-Clark Corporation 102.27 -17.44 (-14.57%)NVTS Navitas Semiconductor Corporation 12.25 -1.21 (-8.99%)Top economic events