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Yahoo
13 hours ago
- Yahoo
I Asked ChatGPT How To Get Rich Using Your Phone — Here's What It Said
From Facebook ads to personal finance sites, many places advertise ways to get rich — or at least earn extra cash — from your phone. Some of the suggestions involve playing games like BINGO to win real money or using shopping apps like Honey and Rakuten to earn cash back. The ads look glamorous, showing young and beautiful people in loungewear, relaxing on their sofa and smiling as they check their growing Paypal balance. Turns out, even ChatGPT said these games are 'not a real path to getting rich.' I Asked ChatGPT: Learn More: 'Most of these apps pay pennies per hour of play, often through point systems that translate into gift cards instead of cash,' it said. 'If your goal is to 'get rich off your phone,' these apps won't move the needle.' So what did ChatGPT recommend when I asked, 'How can I get rich off my phone?' The AI platform offered some viable options, but most won't make you rich. The vast majority require a unique skillset or tools beyond just using your phone to earn money. Nevertheless, here are some of the options ChatGPT suggested for building wealth from the comfort of your own phone. Run a Side Hustle or Start a Small Business ChatGPT recommended what countless finance experts online often suggest: start a side hustle. It pointed out that gig apps like DoorDash, Instacart, Rover and TaskRabbit 'won't usually make you rich long-term, but they put cash in your pocket quickly.' Likewise, if you have marketable skills, you can earn money on freelancing platforms like Upwork or Fiverr. 'Once you land clients, you can work entirely from your phone,' ChatGPT said. I'm a Self-Made Millionaire: Expert Take GOBankingRates has previously profiled side gigs that can earn $1,000 per month or more. But, as ChatGPT said, you most likely won't 'get rich' with a typical side hustle. 'It's an easy way to earn extra income to create wiggle room in your budget, but you won't become a high earner doing it,' agreed Melanie Musson, finance expert at She pointed out that, for gigs like DoorDash, Uber or Instacart, you'll also need a vehicle. As far as writing articles, building websites or doing graphic design for income through freelancing platforms? 'You're really going to need a keyboard because working these platforms from your phone isn't ideal,' Musson said. Sell Items Online ChatGPT also recommended selling items on marketplaces like Facebook Marketplace, eBay and Poshmark. It said this endeavor 'can scale into a small business if you keep sourcing inventory.' Expert Take 'Some people who have a good understanding of the market and what sells can earn a decent income doing this,' Musson said. However, Resume Now career expert Keith Munson recently cited 'online reseller' as one of the side gigs that could struggle in a high-tariff economy. 'If your side hustle involves sourcing products from overseas, such as electronics, clothing or beauty items, you may see your margins shrink,' he said in a previous GOBankingRates article. Create Monetized Content for Social Media Have aspirations of becoming an influencer? ChatGPT listed 'creating monetized content' as one of a few 'reliable wealth-building methods' you can do from your phone, noting there is 'potential for passive income once content gains traction.' Expert Take GOBankingRates recently shared statistics on average income for social media influencers from ZipRecruiter. The average salary, in general, for a social media influencer in 2025 is $57,928, but TikTok influencers earn an average of $131,874. There's definitely money to be made, but Musson warned it may not make you rich. 'It's important to remember that content creation is a job,' she said. 'You put in time and effort, and you may be rewarded, but you're not going to make money if you're not actively creating content.' Take a Course Like creating social media content, taking a course is another way to build wealth slowly. The generative AI said, 'High-income skills = higher earning potential.' Suggesting you can 'level up your skills with mobile learning,' ChatGPT said taking a course through Coursera or even learning online through YouTube 'puts you in a position for better freelance, remote or entrepreneurial work.' Expert Take Enhancing your skills, in theory, should increase your earning power. Finance experts from Jaspreet Singh to Warren Buffett have recommended investing in self-education. But choose wisely. 'This strategy can help you earn more money, but not every course will have the desired effect,' Musson said. 'You need to understand what is going to help you and where it will help.' Use Cash-back Apps Like many finance websites, ChatGPT recommended using cash-back or rewards apps to make some easy money quickly. 'Rakuten, Ibotta and Honey give you money back on everyday purchases,' it said. 'If you put those savings into investments instead of spending them, they can grow into real wealth.' Expert Take In this case, Musson agreed. 'It's not going to hurt to use these rewards apps, but you're not going to earn much,' she said. 'At the same time, it's nice to earn money with minimal effort.' Invest Directly from Your Phone ChatGPT pointed out that investing is one of the best ways to build long-term wealth through your phone. 'Apps like Robinhood and Acorns let you start investing with small amounts,' it said. 'Many offer fractional shares, so you don't need thousands to buy into big-name stocks.' Expert Take Most GOBankingRates readers don't need an AI program or even a finance expert to tell them that investing is one of the best ways to build long-term wealth. Still, Jared Hubbard, fintech product manager at Plynk, an investing app, broke it down by the numbers for us. 'If you have $100 invested and it grows by 7% over a year, at the end of the year you have $107–that's a growth of $7. Now, say the next year your $107 grows at the same rate. At the end of the year, you have $114.49 — your investment has grown by even more. This increase may become really powerful over the long term,' he said. 'Of course, 7% growth is a hypothetical example, as every year in the market is different. In some years it's higher, and in other years it's lower.' Bottom Line Using an app on your phone that allows you to invest in fractional shares, and even roll cash-back earnings into investments, makes it easy to put your money to work for you. That's an important element to remember when you're trying to build wealth. 'You can 'get rich' off your phone,' ChatGPT concluded. 'Not by staring at Instagram all day, but by turning it into a tool for investing, earning and learning.' More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact RetireesHow Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on I Asked ChatGPT How To Get Rich Using Your Phone — Here's What It Said
Yahoo
a day ago
- Yahoo
Mizuho Reduces PT on PayPal Holdings, Inc. (PYPL)
With strong hedge fund interest and a low price-to-earnings ratio, PayPal Holdings, Inc. (NASDAQ:PYPL) secures a place on our list of the . Following the company's Q2 earnings release, Mizuho reduced its price target on PayPal Holdings, Inc. (NASDAQ:PYPL) from $87 to $84 on July 30, 2025. The analyst attributed the price revision to a slight dip in branded checkout growth and softer-than-expected transaction margin dollar guidance for the second half of 2025. Meanwhile, the company's core PayPal button business delivered strong performance when 'Buy Now Pay Later' and 'Pay with Venmo' segments are included. The latter segment is estimated to deliver 1.5 times the company-wide transaction margin. Furthermore, Barclays maintained its 'Buy' rating on PayPal Holdings, Inc. (NASDAQ:PYPL) on July 30 with a $90 target, and Needham maintained a 'Hold' rating the same day. Needham cited short-term e-commerce headwinds and modest EPS growth expectations. With its global technology platform, PayPal Holdings, Inc. (NASDAQ:PYPL) allows consumers to send, receive, and manage digital payments through multiple funding sources and channels. It is included in our list of the most undervalued value stocks to buy. While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
2 days ago
- Yahoo
Jim Cramer Believes 'PayPal Has a Great Business'
PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the stocks Jim Cramer recently discussed. A caller asked for Cramer's advice on the stock, and he replied: 'Alright, this is really important. I think that the PayPal CEO is going to figure this out. This is Alex Chriss, he's very good. I do think that PayPal has a great business… You know, it's really top in buy now, pay later, which everybody's so crazy about. But I do think that Alex has got to start delivering, and he didn't deliver in that last quarter. I don't want you to give up on PayPal, and that's not out of hope. That's out of Alex Chriss in the core business, which I think is still strong enough to turn around.' Image by mohamed Hassan from Pixabay PayPal Holdings, Inc. (NASDAQ:PYPL) provides a digital payments platform connecting merchants and consumers. The company enables transactions, fund transfers, and withdrawals through multiple payment methods, including bank accounts, cards, cryptocurrencies, and stored value products. While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
