Elon Musk has given the world’s most dangerous—or visionary—financial advice. Speaking on the "Moonshots" podcast, the world’s richest man told listeners to stop saving for retirement because, in his view, Artificial Intelligence will soon render money obsolete.

"Don't worry about squirreling money away... it won't matter," Musk told host Peter Diamandis. He predicts that by 2030, AI will have solved the cost of labor, leading to a world of "universal high income" where goods and services are essentially free.

The "Abundance" Theory

Musk argues we are at the "top of the rollercoaster" before a plunge into a post-scarcity economy. He claims AGI (Artificial General Intelligence) will be achieved in 2026, triggering this shift. "The cost of intelligence has gone to nothing," he stated.

• The Reality Check: Financial planners are horrified. "This is easy for a billionaire to say," noted a CNBC analyst. "For the rest of us, inflation is real, and AI hasn't paid our rent yet."
• The Tax Question: When pressed on how this "free money" reaches people, Musk was vague, avoiding the topic of government redistribution or taxes on his own companies.
• The Track Record: Musk has a history of optimistic timelines (Self-Driving Cars in 2017? Mars in 2024?). Betting your 401(k) on his prediction is a gamble few can afford to take.

Vision or Delusion?

Musk’s comments highlight the disconnect between Silicon Valley utopianism and the economic grind of daily life. While he dreams of a Star Trek future, most people are just trying to survive the present.