Originally Posted By: pondering_it_all
You know, there's no reason to go nuts on the self-reliance path. No reason to buy land where you can graze cattle and grow wheat. But it would be smart to get out of HOA-land suburbia so you can plant a vegetable garden, have some chickens, and put in some solar panels. I think a few big dogs are better than having guns and ammo. Better to scare off burglars than to have to shoot them. The legal hassles are insane, if you do.

Better to have both options wink. If people want to flee because they hear dogs barking, that's obviously preferable. If they are armed themselves... dog's will mostly just announce their arrival and then slow them down.

But, yeah, we are thinking Chickens, a good vegetable garden, a goat, enough woods to perhaps do some light trapping/hunting, some solar, and a well.

Just making a few wise decisions and sticking to them is really all you need to do for financial security. Learn to get by with what you can afford, instead of every shiny new googaw on TV. Same for college for kids. Don't spend your retirement savings on some expensive school, when there are much cheaper options. With the right degree from a state school, they can do fine.

Truth. There are basically two and a half levels of college in America

1. The Ivy Leagues for particular job fields (Harvard Law is different than Harvard Social Studies)
2. Everyone else, except perhaps Phoenix University
2a. Phoenix University

Where you fall in the second category doesn't really determine your job prospects all that much.

As for inheritance, there are some huge tax loopholes in there: Inheritance of capital assets can be never-taxed, which is nothing but welfare for the rich. Bring back the inheritance tax or tax it for capital gains at death. That would make a huge difference in the wealth imbalance in America.

Inheritance is way overplayed as a source of wealth in America and as a source of wealth inequality. You could have taxed 100% of everything Jeff Bezos, Bill Gates, and Warren Buffet inherited and made not a difference at all to wealth inequality.
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