The roads that were built in the 1930s as a result of the New Deal’s Public Works Administration were not the most technically complicated things. Sure, from a civil engineering standpoint there were problems to be solved and bridges to be built and techniques to invent to more efficiently build the roads. But I mean, roads themselves are a pretty basic concept that have been around for thousands of years.
But as Morgan Housel points out in his new book, this fairly basic thing done at scale was absolutely crucial for the productivity gains in the US during that time.
Your savings rate is the basic infrastructural underpinning of your long-term financial health. Saving is building roads. It’s not rocket science, you won’t win any sort of award for doing it, and there is nothing particularly noticeable or memorable about the act.
But you have to do it, and you will be glad you did it.
Meaningful Returns 