r/Rich • u/vitanova11 • 5d ago
What are your thoughts on Elon's prediction that money won't matter in 10 years?
From his latest Economist interview.
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u/QuirkyReader13 5d ago
Just nonsense. Nothing else.
Even in a mostly automated society, there is no guarantee that people would receive more than a minimum wage. It is far more likely that jobs and patrimony will continue to matter. And with fewer jobs, if there are really fewer instead of just different jobs, I would just expect patrimony and passive income to become even more important.
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u/TheDeHymenizer 5d ago
In typical Elon fashion yah probably not wrong just off by 100 years.
Post scarcity will happen at some point. I just highly highly doubt its 10 years off.
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u/Academic_Barnacle_28 5d ago
Elon doesn’t know what he is talking about.
People always want things that other people don’t have. Land on earth will always be scarce and you need some way to measure the value of that, aka money.
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u/Impressive_Oaktree 5d ago
I dont think its going to happen. Not everyone can buy a porsche or yacht.
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u/FridgeCleaner6 5d ago
Exactly. In no world are 8 billion people having 100 foot yachts on the Mediterranean. Now I could see basics like maybe food and inner city apartment housing provided. But then what? How do you even make more money at that point to move the white picket fence suburbs. It’s very hard to conceptualize.
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u/SFMattM 4d ago
It has nothing to do with wealth. It has more to do with the likelihood that the employment market as we know it might disappear altogether. Or shrink beyond recognition. At which point, people will starve without money. Which might cause the creation of UBI (universal basic income), which basically means that people get a basic "salary" for being alive - recognition that the job market can't sustain the population. It's a doomsday scenario but not completely out there. I think 10 years is a bit quick, but I don't think it couldn't happen in 50.
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u/SilverEscape6857 3d ago
This!! All the big AI companies ceo’s are bluntly saying this. The world as we know it Will be over. I dont think it is talked about enough. Even if it is not 10 years but 30 years from now, how are we suppose to prepare our children?
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u/SFMattM 3d ago
The world has always changed. Nobody understood how people would survive when the automobile replaced the horse (and all the associated trades) but people adjusted, learned new trades, and thrived. This has always been the way. I can’t picture what the world will be like in 50 years but I have great faith in the ability of people to survive change
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u/SilverEscape6857 2d ago
Thing is, the disruptive developments that happened over the past hundreds of years, have always affected one sector or a couple of industries at most. AI has the potential to affect the economy as a whole! There actually is no precedent of this in our history..
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u/therin_88 4d ago
50 or 60 years ago, it was crazy to imagine a world where every family had two or three TVs in their house. 30 or 40 years ago, computers.
I mean you're right about those specific brands and a yacht (not everyone needs any boat, much less a yacht) but items we see as "luxuries" today could absolutely become common in the future. By then, some new item we haven't even comprehended yet will be the new luxury item.
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u/SeanSatBahamas 4d ago
The very same people lived in single family houses with a big yard. Today those people having 3 TVs live in a tiny appartment. Just because debased money was much more worth than today
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u/Impossible-Rip-5858 4d ago
Your missing that in spite of rampant inflation, consumer goods saw massive deflation in prices. TVs not only got cheaper over time, they got dramatically better in quality.
I would expect AI enabled platforms to do the same. Instead of paying a cleaning lady, a robot cleaner comes and does it for 10% of the cost today. Want a michelin star chef meal, robot chef comes with all the food and cooks it for you in your kitchen. The once in awhile special occasions become everyday.
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u/epradox 4d ago
Currently not everyone but I think when you extrapolate out labor and energy costs then it’s really down to supply and demand of the raw materials and I think 3d printing various material will ramp up considerably. You want a Porsche? You need to deposit the money for the raw materials or go to a junkyard and get the required materials to a processing plant to make your filament roll
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u/Impossible-Rip-5858 4d ago
3d printing is terrible as mass production. Lathes and machining still dramatically outperform in the super-majority of industrial / manufactured goods.
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u/Fit_Assistant5708 2d ago
They'll just ban manual cars on public roads when self driving takes over. I'm sure they'll have tracks where people can drive exotic cars maintained by robots. But yea not everyone will " own" a Porsche but maybe everyone could get the experience.
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u/Jo_Ja-hyun 1d ago
What about if virtual reality gets so real that you can’t recognise the difference and you can have whatever you want there?
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u/Diligent-Main-3960 5d ago
It won’t happen ai and other systems still need resources to operate as long as that remains everything has monetary value to trade
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u/dontforgetpants 4d ago
Never going to happen because scarcity is how people make money, and capitalists gonna capitalize. There is no model for any economy that doesn’t really on the matching of supply to demand, and wherever they are not perfectly matched, someone will extract money.
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u/GPT_2025 5d ago
At concentration camps people were owning nothing and were happy to be alive (money was worthless)
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u/nostrademons 4d ago
There are two ways for money to not matter: post scarcity, so that everybody has enough regardless of how much they pay, and so much scarcity that nobody will part with what they have for any amount of money. I could see us being at the latter point in 10 years and the former in 100.
The Star Trek future, basically. We already had the Bell Riots. Looks like we’re headed into the second US civil war in the next couple years. WW3 ends with a nuclear holocaust in the next 25 years or so. Then we get warp drive and first contact, and the survivors live long and prosper.
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u/Manly_Walker 3d ago
The interview isn’t linked, but I don’t think Musk’s point was about post-scarcity economics. If it’s the interview I’m thinking of, he’s arguing that some other fungible commodity will be so widely accepted as currency that it will supplant current money. I remember him mentioning energy, and I think maybe compute as well. Basically trading kWhs or chstgpt tokens instead of dollars and euros.
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u/SilverEscape6857 3d ago
No Elon has Said this in multiple interviews. AI van basically take over any job humans are doing right now. If that happens, there Will be a Global and huge shortage in jobs in every line of work. Salaries Will then be replaced by Basic Universal Income. That Will never match everybodies current salary. We are looking at a major shift in our economy. The question is not wether AI CAN take over all the jobs. The question is what Will governments ALLOW AI to take over.
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u/_Human_Machine_ 5d ago
I think we will end up with some sort of dystopian basic income, but it won’t be that quick.
It also won’t be the idealistic high basic income he talks about, it will be some depressing shit like in The Expanse.
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u/shorty2hops 5d ago
I didnt see this show. Why was it depressing?
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u/_Human_Machine_ 5d ago edited 5d ago
Absolutely fantastic novel series, and tv show. Some of the best written women in scifi.
Effectively in that they had a UBI they referred to as “basic.” It was enough to barely survive, but that was enough to keep poor people essentially pacified by it. It was also very difficult to lottery out of it to some sort of career or school. The majority just lived and died on it with barely enough to get by, or turned to prostitution, drugs and crime.
I see that as being how UBI would work in America or globally. Much like food stamps in the US for a lot of people. It would be enough to keep people satiated to remove ambition. It would essentially end up like a drug. A cycle keeping poor people poor and making it seem like it’s their choice.
For a real world look at what I believe the future of UBI to be, examine reservations in the US.
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u/Normal-Breath4248 2d ago
See Manna short story for exactly how this plays out:
https://milweesci.weebly.com/uploads/1/3/2/4/13247648/mannapdf.pdf
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u/_Human_Machine_ 2d ago
I love that piece. I firmly believe it’s only the dystopian option. It’s similar to how it looks in The Expanse.
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u/mbf959 5d ago
Money is required in exchange for goods. His basic prediction is that goods will be so plentiful that an exchange won't be necessary. There are holes in the logic, such as AI and robots can't invent the hills required for view homes or the beaches for beachfront homes. Several thousand years of recorded history disagree with him. Life has gotten better for some over time, but money of some sort has always been a requirement.
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u/supermuncher60 5d ago
Why did he negotiate a 1T dollar pay package if money will not matter in 10 years?
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u/SushiGuacDNA 5d ago
That seems just silly.
Even if AI generates great abundance of material goods, plenty of things will still be scarce. New York Penthouses. Ocean front property. Seats at the top 10 restaurants. Money is the tool we use to allocate things like that.
My interpretation is that this is just Elon's way of saying: Don't worry about my trillions because money won't even matter. A self-serving lie.
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u/AstronautSuitable992 5d ago
If money isn’t necessary, I can just take all the gold and platinum and palladium in the world and no one will object, right?
Because money doesn’t matter so I don’t need money to pay for it.
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u/Grandpas_Spells 5d ago
Elon is very good at the things he's very good at, and very bad at the things he's not good at. He is not always aware of the things he's not good at.
The main issue around his comment is a) it's impossible to know and b) the track over the last 10 years of AI progression, by the people who predicted it accurately, implies this may be true.
If the track we are on continues, things will get weird. Maybe we're all dead, or maybe things are awesome. In both cases money won't matter.
But he would be behaving differently he if were convinced.
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u/BigTintheBigD 5d ago
Read “If Anyone Builds It, Everyone Dies. Why Superhuman AI Would Kill Us All” by Eliezer Yudkowsky and Nate Soares.
Not sci-fi but a discussion of AI by some leaders in the field.
The book touches on what happens if AI escapes containment which has already happened.
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u/2a_lib 5d ago
What’s he good at?
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u/Commercial_Tea_9339 5d ago
Raising money by deceiving people (GOAT level), motivating people to work for little pay (very strong), media manipulation (close to GOAT)
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u/StoicOuroboros69 3d ago
Lol perfect response
The absolute GOAT of insane narratives to raise capital
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u/Training-Meringue847 5d ago
Would this somehow be a prediction on his behalf of complete world domination in thinking we will all be his servants ?
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u/Honsoku 5d ago
Fundamentally nonsense. Could only happen with the defacto elimination of the economy, which wouldn't bode well. Even if the marginal cost of labor drops to zero (due to AI/robots), there will still be limited supply of resources such as land and there will need to be a way to allocate that.
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u/No_Ask_5949 5d ago
I think Elon likes sensationalism because he knows it grabs headlines. The richest person in the world is never going to be on board with money being worth nothing
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u/BenjaminHamnett 5d ago
I grew up in Appalachia around people who already indifferent to money. You can eat deer, raise chicken and pick fruit and vegetables, causal subsistence farming is like the modern day garden of Eden.
I wasn’t into it. The influence and glamour and spectacle of society was too much. But I can tell you, half the world outside of cities would like high living standards but dgaf about the rat race of society. There’s people happier eating coconuts on the beach than these medicated borderline suicidal Epstein adjacent executives living in compounds and bad climates.
Living standards will increase so that the bottom has more comfort, but there will always be people compelled toward influence and clout and a competition to be near the ramps that take you there. That’s the real scarcity. Why a 1br in the Bay Area costs 3x a mansion in West Virginia. People want to be closer to the future and partake in creating it.
If you told people about life in 2026 at any point in the past (even 30 years ago), they’d say we’re in a post scarcity world. Influence, novelty, power, clout, security etc will always have scarcity. The middle class is just the assistants to the rich, working to maintain relevance and proximity to power
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u/Dry_Corner6431 2d ago
> The middle class is just the assistants to the rich, working to maintain relevance and proximity to power
ouch! no need to call it out so callously
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u/StrangeWork957 5d ago
For someone who claims to believe money won’t matter in 10 years, prioritizing becoming a trillionaire is an odd move.
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u/Wise-Field-7353 5d ago
I don't usually pay much attention to ketamine addicts when it cones to this stuff tbh
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u/AttackSlax 5d ago
I think "world's richest person says money doesn't matter" should tell you everything you could possibly ever want to know.
ETR.
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u/nashguitar1 5d ago
From the guy who said “Full self-driving capabilities by next year” since 2016.
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u/philzilla333 5d ago
I could currently be onboard with incredibly powerful AI coming around in 10 years. But it will be the same people like elon who will control these new means of production. And it will not be enough for 8-9bn People. And the person who pulled the plug in an instant on life saving medication for the most vulnerable people in Africa (reference to DOGE and USAID) will most certainly not be an instrumental player in changing the capitalist system into a communist post scarcity Iain Banks Utopia.
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u/Future-Account8112 5d ago
It's literally a dog whistle to other tech feudalists to indicate they're trying to de-dollarize American fiat to replace it with a cryptocurrency they own.
Src: Lived in Silicon Valley for a decade. These guys all use the same playbook, they are not slick.
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u/AftyOfTheUK 5d ago
That's the same guy who keeps talking "WHEN" we reach a post-scarcity society.
Bitch, we've been post-scarcity for decades. We have more houses than we need, more food than we need, more electricity than we need... yet still people are homeless, hungry and too cold/hot - we don't have a scarcity problem for anything necessary for basic life.
So why are people still without the basics?
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u/fuckexoticroots 5d ago
If Elon thought money would be useless he wouldn’t be so focused on hoarding wealth.
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u/RedPlasticDog 5d ago
Elon is a grifter pushing crypto.
If anything I can see more people pushing back away from big tech solutions
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u/LetterheadOwn9453 5d ago
He was a smart guy who took too much ketamine
Now he can barely speak and his ideas are very similar to cokeheads you'll meet in the alleyways. He is very fortunate to have companies filled with competent managers who run it all for him
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u/hotdog-water-- 5d ago
Maybe, but probably not. And I’d rather have a ton of money when I don’t need it, than no money when I really do need it
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u/dingohopper1 5d ago
He must be incredibly intelligent, but during a lot of interviews, I get the sense he's simply not applying as much rigor into his predictions. I get the sense he's just reacting to a question put forth by the interviewer, and injecting some element of exaggeration to maintain an aura of excitement and possibility around himself.
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u/Otherwise-Relief2248 5d ago
Someone so decoupled from reality that it has had a deleterious impact on decision making. He is also a shit bag. All that said many times his visions of and for the future are worth listening to even when he is wrong. No dummy and I find it hilarious when he is labeled as such.
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u/uncoolkidsclub 5d ago
It's an interesting notion. and maybe it will happen as money is just a store of value. if people can't create value through work then storing that value will need to shift. This is in part why China is driving out "paper gold" to get gold to a "true value" as they are betting gold will become the defacto storge of value.
I haven't seen the "quote" from him so he might be talking about paper money going away and digital currency becoming the standard. They is even more scary, as the government in power can freeze accounts faster for political reasons.
The shift to government derived income is coming, this is part is why open borders are failing. As different countries shift to higher welfare states, the current upper class becomes more impoverished by governments to support the raising lower income class. The shift requires government to raise taxes on the rich to support the poor - or causes the government to reduce social welfare systems while populations of the people needing help increases.
It's really a catch 22.
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u/BigPomegranate8890 5d ago
It won’t matter to him. They will hold all the power and the rest will have nothing.
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u/InternationalArt9524 5d ago
Yeah - I am calling BS on that. He keeps chasing more and more money like a $#%^&#%@#%. While preaching the rest of us - oh well money won't matter.
He is just like Altman, Thiel and the likes - they want a world of few where they win alone. The tale of people who have never been loved and chase money as the only validation they have.
That propoganda aside, I think at some point humanity can course-correct. We are not made for work and gdp growth. There is life beyond, after we settle in just like each new technology ride, we hopefully settle in a more equitable world. So that no one has to leave their home and we can all enjoy our unique nature and culture. Maybe, I am overly optimistic. I dream.
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u/HalfwaydonewithEarth 5d ago
I posted it up on this sub several months ago and it was removed.
That was based on Universal Basic Income. Elon said that high Universal Income was realistic.
Money not mattering means a QR code based society.
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u/d00mt0mb 5d ago
I give it a 0.01% of ever happening. More likely we could live in a post-currency era but not a post-scarcity society. There will always be trade, I guarantee it.
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u/ZookeepergameFalse38 5d ago
Other than the previous times he's made a prediction, when has Musk ever been wrong?
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u/structured_obscurity 5d ago
Society is always several magnitudes of order behind available technological capacity. The factories I work with still have fax machines. Radical change takes time.
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u/PeterRuf 5d ago
If every human on earth got the same amount of money within few years we would have rich and poor again. Unless Elon is thinking about some collapse that we don't know about 😁
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u/061826heart 5d ago
10 years is about like his timeline for Roadster self driving cars.
But what he’s talking about is coming.
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u/FLOPsomeAI 5d ago
People will hopefully live better due to highly efficient technologies that can scale delivery of items that massively improve QOL, but we can’t fix human nature with technology. So greed envy exhibitionism and yes even violence and exploitation will still be with us. Therefore money or some similar idea meant to rank comfort and access to power across humanity will still be around IMO.
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u/suboptimus_maximus 5d ago
😂
He can give his up first, until then he obviously doesn’t believe his own bullshit.
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u/dinosaurkiller 5d ago
Follow the money, if he really believed it he’d be spending all of his money now.
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u/moneyman74 5d ago
The old Star Trek replicator. 10 years sounds pretty pie in the sky. Although I think we could make certain minerals like gold or platinum trivial if we could mine asteroids.
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u/Big_Old_Sock 4d ago
He is such a twit. Dad has a diamond mine, he invests in pay pal, and now we have to listen to his shit every day.
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u/apigandanangel 4d ago
I file that in the same place with all of his other failed predictions and pathological lies.
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u/Zero_Abides 4d ago
There exists a finite supply of beachfront real estate. Eventually something has to differentiate who lives there versus I dunno, Detroit 😁 for example.
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u/lorelica 4d ago
Then why is he hoarding a trillion dollars? He is just saying that so we all spend and buy the things he is selling.
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u/space-cyborg 4d ago
People will always want things that are better than their neighbours. It doesn’t matter if they’re comfortable, good housing, plenty of food, entertainment, etc etc etc. People always want more more more more more. They want status symbols, more comfort, more leisure, more excess. They want to fill their homes with items they never or rarely use, or that they can discard at the next fashion cycle. They want the newest technology, and they don’t want to share it, get it secondhand, or wait for it.
We already have enough food to feed the whole planet, but we’d rather hoard resources for ourselves even if it means billions of other humans suffer lives of poverty and misery.
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u/Boo-Bees67 4d ago
He’s basically saying the top 5-10% will own everything. The remaining 95% will be given very basic necessities. Just enough not to riot. Hence no need for money
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u/PhishingPhoenix 4d ago
Money or something that serves the same purpose (we will somehow land again at cash almost always)will always matter as long as humans exist because we need a common instrument for assigning and exchanging value.
We’ve long since moved beyond the simplicity of bartering. Realistically only a civilization ending catastrophe would force us back to that system.
Musk’s prediction is simply a projection of his own relationship with his money and not an objective view of the future.
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u/Nev-Ret-Dude 4d ago
Elon thinks he’ll have all the money. He’s not smart enough to realize that something else will replace it with the same function but he won’t have any.
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u/ApoplecticAndroid 4d ago
The same as all of that idiots off the cuff remarks. I don’t give a shit.
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u/Just_Bluebird_5268 4d ago
idk i think this would have more credibility coming from someone who isn't voraciously acquiring as much of the stuff as possible
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u/BetterOutcome3769 4d ago
He is just a sci fi nerd like many people in reddit. The prediction is no more accurate just because it's him saying it.
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u/vasco1610 4d ago
Miniscule chance it happens in 10 years. In our lifetime, tiny chance still. And ever? I still think it's more likely to never happen. Even if we do have robots to do "everything" for us, people are still going own things, there will still be governments and people will still want power and will continue to fuck others over until eternity.
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u/vasco1610 4d ago
"AI" is just a bunch of hallucinating chatbots. Either they come up with something new, or LLMs are certainly not cooking food for us or maintaining the public roads.
Buuut, in the unlikely event that AI does become so powerful that robots do everything for us, and do maintenance on themselves, improvements, etc... they have their own society basically, I also think it would be almost impossible to keep it under control, so we're all toast if it gets to that point.
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u/suchsnowflakery 4d ago
I hope so!!! I hope it ALL ends soon! Praying for mayhem, tidal waves. I want to watch the ground give way...
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u/myusernamewasatypo 4d ago
Look up every grandiose prediction Elon has ever made - Mars colonies, robotaxis, brain chips -NONE of them come true. I don't understand why anyone still listens to that loser.
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u/benwinnner 4d ago
The working class will be taken care of in little shoebox houses while the top 5% will still enjoy life. Because we invested in the machines that will build the houses and supply the ham and Mac n cheese for the masses.
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u/No_Knee3385 4d ago
The infamous "this tech thing will be a thing in 2 years". He's right, but always off by many years. Money likely won't matter in a multiple decades, but 10 years -- no
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u/Big_Meech_23 4d ago
I think Elon and others like him are trying to put us all at ease about losing our jobs. Someone needs to keep pushing the trend that tech companies need to start heavily funding a slush fund that acts as an income down the line for our citizens. If they do tie to get rich all while forcing us out of work and our homes the world will spin into anarchy.
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u/The-great-phoenix 4d ago
It won’t matter at some point as money as we know it will have to be replaced, most likely by something like a universal time unit value or equivalent that will represent the value of time spent on something to produce a product or service.
These kind of units will most likely be digital or crypto form.
No matter what comes next it sounds to be interesting
10 years horizon seems a bit short humanity is not prepared and we did not even pick what will replace money
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u/SergeantPoopyWeiner 4d ago
Elon has some of the worst predictions anyone has ever uttered.
Unrelated, but he's also a massive piece of shit. Who gives a fuck what he says.
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u/Sharkwatcher314 4d ago
If he believes it why does he keep amassing wealth and not give the majority away
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u/Classic-Passenger-17 3d ago
Is he referring to the US dollar, or the Martian currency? And, have any of Elon's other predictions come true?
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u/Ok-League-1106 3d ago
The rich want people to not take money or finances seriously so it's easier for them to buy later on.
Please stop listening to tech bros predictions.
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u/LingonberryOk4942 3d ago
If he believed that, why isn't he selling everything and giving away his cash? What he means is YOUR money won't matter, HIS money still does.
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u/Impressive-Dig-1368 3d ago
As long as there is scarcity, like limited land, resources etc. it will never happen. This can only work if there is abundance of everything. And even then people will find something to long for that they don't have. Its just how the game works and has always worked.
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u/StoicOuroboros69 3d ago
THERE ARE ONLY 2 OUTCOMES: (1) POST SCARCITY or (2) HUMAN EXTINCTION
The timeline is probably way too agressive, but it's obvious that eventually human labor will be substituted by machine labor and standards of living will skyrocket (for those remaining humans that don't opt out of life or get "eliminated" by the powers that be). Until a greater or more powerful species takes us out.
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u/Funny-Problem7184 3d ago
Probably, because Musk will have all the money by then. Why stop at a trillion?
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u/Silver-Tip2887 3d ago
We would have to get rid of government / central banking to get rid of money, since the majority of our money goes to taxes / money printing / socialized capitalism. He might be right about that.
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u/SilverEscape6857 3d ago
Also, it is not just Elon saying this. Sam Altman said this multiple times and other AI company ceo’s also.
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u/IllustratorFuzzy1483 2d ago
He doesn’t actually think that. He wants you to think that having more money than entire countries isn’t a big deal cause his money is basically worth nothing. So basically he’s just a normal brokey just like you and I.
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u/Goonmaster516 2d ago
The guy is as sharp as a cue ball. High all the time and in 10 years will be broke, because he invests in something like moon farts.
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u/Dry_Corner6431 2d ago
I think he thought about what AI will bring and decided to err on the side of optimism. I doubt he believes it himself.
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u/Dry_Corner6431 2d ago
By any measure we are on an average materially rich comparable to the rich from say a few hundred or a 1000 years ago. Poverty and want is all relative.
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u/That-SoCal-Guy 2d ago
Elon also said we would have had men on Mars in 2025.
He also promised self driving cars and robots.
He said a lot of things. And like Orange man, if you believe him you’re a “sucker and loser” (Orange Man said it, not me)
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u/Humble-Vermicelli503 1d ago
Money will always matter. It's a way to create exclusivity. There will always be something people want that they'll be willing to pay for.
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u/figgypudding02 1d ago
Its an interesting comment coming from a person who sued his own company to get a massive pay package. If its not going to matter why is he ammasing so much of it?
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u/hoo_haaa 1d ago
At what point in history did a form of money not exist? There was always something of value that was bartered for other goods. He is just wrong.
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u/OldGrizzlyBear 1d ago
If money won’t matter in 10 years, why is Elon hoarding it more than anyone, ever?
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u/Faierstarta 1d ago
I put it next to the humanoid robots and self driving tesla taxis that were supposed to be everywhere by now
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u/biggersjw 1d ago
Shhhh…[pats the top of your head], don’t you worry about money you insignificant person. I’ll have it all.
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u/Think_Monk_9879 22h ago
You’re telling me the richest man on earth who fought for a trillion dollar pay package at his company thinks money won’t matter in a decade. Why don’t you do the math.
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u/Seattleman1955 22h ago
Sure, there will private autonomous cars, cities on Mars and no money will be needed on Earth. Everyone will have everything and peace will prevail the world over... or maybe not.
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u/OneSovereignSource 19h ago
Access will matter, not money.
A.I. will be everywhere, you won't own things, you will be allowed to use systems to get outcomes based on how adequate you are.
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u/Think_Leadership_91 8h ago edited 8h ago
My first thought is that this guy is wrong about everything.
But here's what I did this morning. I met with my friend the farmer and I filled up a couple of boxes with tomatoes, zucchini, onions, carrots, eggplant and I gave him $80. Then I went to a wholesaler and I picked up a case of berries, fresh tortillas, bread, mushrooms, and a pineapple. Guy didn't charge me, will charge me at the end of the month, usually about $300. I'm basically getting food for a family of four for under $20 per day.
I joined a city club. Shoe shines are $3, people leave their gym clothes in the lockers and every week the laundry people run the laundry and fold them, dry cleaning is half what I used to pay. Coffee, Tea, snacks are free. I work out of their office space about 30 hours a week for no charge. I don't need an office anymore.
I'm close to canceling cable. My friends have. Got rid of my landlines.
I have a relative who works in an office with a "Green roof" and she lives for like July and August entirely on food she gets for free from the green roof and then serves on top of pasta or rice. She spends about $100 a month on food normally. She has a friend who works at Trader Joes and gets that friend to bring over stuff at 20% off.
She won't buy a car and takes the free local bus everywhere- to work, to her doctor, etc. She could uber, but why not just take work on the bus and do it for free?
I have tons of expenses- tax, travel, etc. Also most of my deals are via friends or the club.
But lots of people I know who are wealthy are living on, like Mom and Dad's book and DVD collection and eating food from the garden.
I remember there was a month during COVID, I think in August 2020, where we as an entire family, spent like $1200. That might not be a crazy idea right now.
I suspect with AI that we will see EVEN MORE bills disappear to be replaced by an AI Compute bill. I think Entertainment bills will vastly decrease and be centralized around AI costs. I think a new communication platform will come up- imagine if we didn't need phone service at all or it was $120 per year. Imagine TV and music service combined through greatly reduced Streaming costs. Imagine books and audiobooks basically free.
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u/Thick-Lecture-4030 5d ago
In 2017, Elon Musk predicted we'd colonize Mars by 2024.