Use these ChatGPT Prompts for Investing

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The ChatGPT Prompt for the Snowball Effect

What is the snowball effect?

The snowball effect, also known as the snowball principle or snowballing, refers to a process where something grows in size or significance at an increasing rate. The term is often used metaphorically to describe situations where small actions or changes accumulate and eventually lead to a much larger outcome or impact.

According to ChatGPT, here's the definition of the snowball effect according to a 12-year-old: 

 

Imagine you're out playing in the snow and you start rolling a tiny snowball. As you roll it, it picks up more and more snow, getting bigger and bigger really quickly. That's kind of like what the snowball effect is about, but instead of snow, it's about how things can grow or get more important over time.

Prompts for Investing

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HYSA 

High-yield savings accounts are currently the most secured, FDIC-insured, passive income-generating accounts to open up. 

With current interest rates hovering around 5%, a HYSA is imperative. 

Anytime the Federal Reserve raises the interest rates, your HYSA rates will also increase. For example, not long ago my HYSAs were only 1.5%, but once interest rates started to increase, my HYSA also increased to 5% (or more). 

ChatGPT investing prompts

 

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