The caps in the title do not denote the IMPORTANCE of the word – rather, simply that it is an acronym (as the lower-case “s” should demonstrate).
It is a follow-on from the more famous, semi-acronymic (it’s a word) Yuppie – which, depending on which magazine you read back in the Eighties, either stood for Young, Upwardly-mobile Person – or Young Urban Professional.
That word begat DINKY – Double-Income, No Kids Yet – which in turn has now given us DINKER – Double-Income, No Kids, Early Retirement.
And this is a route which increasingly more Western couples are travelling.
Elsewhere in these scribblings, this writer has detailed the pros and cons of having kids. Pros: they do and say cute things and give you the chance to create and mould new lives. Cons: they push the woman’s mind (temporarily) and body (permanently) out of shape, wreck your sex and social lives – and (unless you are RICH) condemn you to eternal poverty (for THAT piece, click on https://morpheusatloppers.wordpress.com/2009/06/15/morpheus-on-a-life-without-children/).
But DINKER gives you an alternative to all of that.
Even two mediocre wages should, when added together, give you the ability to divert several grand a year into an offshore investment portfolio. Or a land-based pension account.
The first of these will give you about 6% per annum. The second, nearly as much – and usually tax-free (most governments look kindly upon “private” pensions).
With either of these, just a FEW grand a year will, with compound interest, amount to a MASSIVE sum in as little as twenty years.
And while your money may be tied up for that time, at least YOU can decide when you GET it. Right now, most governments are using bogus figures that ignore historical infant mortality rates to DELAY payment of government state pensions, trying to kid twenty-somethings that they will live to a hundred.
However, having your OWN pension, you CAN retire at fifty – with the government state pension kicking in later, to cover inflation.
Forget COMPANY pensions – companies mismanage them – or just go belly-up.
Some even find ways to fire employees just before their entitlement begins (it is not unknown for them to hire a PI as a security consultant – who then hires a prostitute to join the company as a temp – who in turn seduces the employee – then cries rape, allowing the company to fire the employee for sexual misconduct. It happens).
But with your money safely stashed away in a PRIVATE pension account – YOU can seduce the BOSS. Or just take a dump on his desk.
So it is your choice…
(1) Have kids and spend the rest of your life in poverty – hoping you will live long enough to REACH retirement.
(2) On your fiftieth birthday, tell the boss where to STICK his job – and jump on a plane to a low-economy island paradise.