With the state of the economic situation, the future stability of the U.S dollar is remarkably worrying. The majority of people would certainly not be ready if the value of our dollar vanished. This is not a far fetched idea if you consider how the value of various other currencies have diminished over the years.
For many generations, we have been taught by our parents that the only way to succeed in life financially is to become savers. The financial timeline of life to wealth building has been to go to school to get good grades, get a job, buy a home, save money, be debt free and if possible with what is left invest in the share market or buy real estate. It is not our parent’s fault that we have not yet succeeded as they were taught by their parents.