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Wealthy Way

AI Meets the Law: Subpoenas, Hallucinations & Smart Usage

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 12 October 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Your AI chats may be subpoena-able... don’t feed them confidential strategies. Chad breaks down responsible AI use for legal and business tasks, where AI helps (drafts, speed) and where it fails (hallucinated case law, no courtroom instincts). Plus, how to pair AI with counsel to move faster without getting burned. Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.c...

Transcript

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0:00.0

I had a tax guy in here, and he had some really gray area strategies.

0:06.5

And enough to make me say, okay, like, I wouldn't really believe it, but you make some good arguments.

0:14.2

So let me go put it all through chat and see what chat says.

0:18.1

And chat's like, do not do this. And literally, I just uploaded it

0:24.5

the documents and everything else. And it's like, this is not a good idea. Yeah. And, you know,

0:28.4

I kept asking questions and asking questions and being like, well, how could it work? Could you do it

0:33.6

this way? Could you do it that way? And then I was actually thinking about that quote,

0:38.0

because I saw him say that too. And I was like, man, you know, even if I went with this strategy and

0:43.1

let's just say, you know, I proved it out, like there's this big chat history right here of

0:49.2

me asking it these questions with, I mean, quite frankly, and I mean, I'm saying it now live too.

0:54.9

It's like, you know, as business, I was always trying to figure out ways to reduce tax.

0:59.5

Sure.

0:59.9

And get it down to zero.

1:02.7

I mean, that's the goal, right?

1:04.0

And, you know, it's not like tax evasion where you're just not paying and you're just trying to avoid it.

1:11.6

No, you're using the tax code in your favor.

1:14.5

But it was funny just like listening to chat because it's like, you know, people who have

1:19.8

tried this have went to jail for this. I was like, well, I ain't trying to do that.

1:24.0

And as you go up higher on the totem pole, you're going to be more focused on and more attractive for the IRS to come after you.

1:33.2

Yep.

1:34.2

Yeah.

1:34.6

So I just was like, look at.

...

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