Controversial Finance Guru Declares Traditional Savings 'Ridiculous' in Age of AI

Financial expert Grant Cardone recently released a video criticizing traditional savings and retirement strategies, calling them "completely ridiculous." Cardone, who manages a $5 billion equity fund, argues that the three-month emergency fund, typical retirement accounts, and even the Vanguard ETF are outdated and unnecessary in the face of rapidly advancing artificial intelligence. He predicts that AI will soon replace many jobs, rendering traditional financial planning obsolete. "99% of the people that go to college do not need to go to college," Cardone claims, "You will need AI." His statements have ignited a debate among financial professionals and the public alike. While some agree with his assessment of the changing job market, others criticize his dismissal of established financial planning practices. The video, which has already garnered significant views, showcases Cardone's outspoken personality and bold predictions for the future of finance and employment.