Artificial intelligence gets a lot of hype. It can generate quick answers, summarize complex topics, and even pass the INBDE that kept you up at night with flashcards. But when it comes to your personal finances or the financial health of your dental practice, it’s a risky gamble.

According to the recently released Access to Professional Services report, 22% of Americans who turned to AI for medical advice ended up with wrong information, and 19% actually lost money after following its financial recommendations. Even more surprising, 51% of consumers admit they already use AI for financial advice, while another 27% are considering it.

Let’s pause on that for a second. Nearly one in five people lost money because they trusted an algorithm with their personal finances, and yet more than half are still doing it. That’s not efficiency; that’s wishful thinking.

Why AI Isn’t Enough

Here’s the problem: AI doesn’t know you. It doesn’t know your goals, your risk tolerance, your family obligations, or the years you’ve poured into building a dental practice. It just pulls from the internet, a place that, let’s be honest, isn’t exactly known for nuance or universal accuracy.

Sure, AI can spin out generic advice that looks good on the surface. But when the stakes involve your livelihood, your retirement, or the future of your practice, “generic” is the last thing you need. What works for a stranger online may not work for you, and the cost of getting it wrong can be steep.

The Case for Human Advice

Working with an experienced advisor isn’t about paying for information; it’s about paying for interpretation. At Edwards & Associates, we help you sort out what matters in your unique situation, anticipate problems before they derail your plans, and adjust strategies as life (and the market) changes. That’s something no algorithm can do, no matter how sophisticated it seems.

At the end of the day, your financial future deserves more than cut-and-paste advice. Don’t leave it in the hands of a machine. Work with people who know you, understand your practice, and can help you chart a path with confidence.