Most people are not well versed with finance. It is something that is actively avoided and a subject that is associated with the word “boring”.
The problem of getting finance information from the internet is that user-friendly vernacular designations and terms make it too difficult for laypeople to understand.
This article discusses how AI writing tools can help in providing understandable explanations about financial planning to laypeople.
In this article, we talk about how an AI writer can help
– explain financial planning concepts in layman’s language;
– provide a personal financial plan;
– address budgeting needs; and
– provide guidance on retirement planning etc.
The article discusses the differences between traditional financial planning and AI planning. It also talks about the advantages that AI has brought to the financial industry by making the process more efficient and cost effective.
“Traditional Financial Planning”
Traditional financial planning is a time-consuming process which involves a lot of mental and manual effort, as well as a lot of people involved in it.
On the other hand, an AI planner is able to finish this entire process in less than 10 minutes with just an instant analysis done on what can be done.
A lot of companies are getting on board with this technology because they have realized its benefits in terms of time, accuracy, cost effectiveness and efficiency.