Financial

Feudalism

This person asked the internet if it was necessary to save so much for retirement — the response was surprising

Other commenters added that there are so many unknowns in the next four decades. “I think it’s good to maximize retirement savings when you can as there may be periods of your life where you’re unable to do so for one reason or another,” SpidermansMom said. People shared personal stories: that user said her husband fell ill and lost his job, and they suddenly went from two salaries to one. He was too sick to watch their son, who stayed in day care, and she couldn’t save as much for retirement, but felt comforted by the fact they had been maxing out their retirement plans for years before.

DYI:  Great article from Market Watch and a “shout out” to the author Alessandro Malito.  Who has sensed that taking care of one’s finances is far more precarious fraught with unknowns all stretched over a 40 year period of time.  DYI has moved long ago from the concept of the money game – save and invest 10% of your income – to Machiavellian total war.

Why?

American society economically and culturally has become one giant debt machine that has captured our populous into a lifetime of interest payments.  Mortgages, car loans, student debt and credit cards are so widely accepted – as a way of life – by the public the banking class has morphed into a modern day corporate financial feudal state.  It is entirely possible for families – soon to be the norm - paying interest from cradle to grave!

Total War

The preppers have the right idea not necessarily for our financial total war concept correct nevertheless.  Complete rejection of borrow and spend mentality only doing so when no other choice is available.  Purchase a house and cars way, way, below your means.  Paying cash as the norm; avoiding debt equivalent of the plague.    

DYI