Your Money Plan Is Designed To Fail
Update: 2020-09-21
Description
Can an HOA and the Internet affect your Financial Plan? Yep...
I wanted to share an interesting definition that is now imperative to include into your financial planning.
It’s called Planned Obsolescence. So, what the cheese curds is planned obsolescence?
A more formal definition that I found states, PLANNED OBSOLESCENCE describes a strategy of deliberately ensuring that the current version of a given product will become out of date or useless within a known time period. This proactive move guarantees that consumers will seek replacements in the future, thus bolstering demand.
In its simplest form, it means that things are made to break.
How will this affect your savings? Tune in and find out.
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