In this episode of The Personal Finance Project, Scott and Greg welcome back Justin Nichols, a nearly 30-year industry veteran, for a timely and expansive discussion on the economy, AI, and the future of financial advice. We begin with today's economic backdrop—from tariffs and inflation to interest-rate strategy and the growing importance of U.S. energy. Justin explains why tariff revenues are increasing, how energy markets intersect with AI and data-center growth, and why the economy has remained more resilient than many expected. We then explore the promises and limitations of artificial intelligence. Justin shares where AI is improving productivity, where it still falls short, and why over-reliance may leave the next generation of professionals under-trained. We also discuss the irreplaceable role of human judgment, especially in emotionally charged financial decisions. Finally, we dive into a crucial topic for investors: succession planning. Justin explains what clients should look for in an advisory team, why mentorship and continuity matter, how ownership structure shapes incentives, and why multigenerational teams are becoming essential to long-term client success. Episode Highlights: • Why the economy has remained resilient despite tariff pressures • How AI is reshaping productivity and corporate decision-making • The risk of losing skills when professionals rely too heavily on technology • Why human emotion still drives real-life investing decisions • What succession planning means for clients—today and decades from now • The benefits of team-based planning and shared incentives • How multigenerational advisory teams support continuity and trust Thank you for listening—and be sure to follow the show for future episodes.

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