Happy Labor day! With many of us getting the day off from work spending our time with friends and family instead, we reflect on just how important they can be in our lives.
The FIRE movement for most of us taking it on can be boiled down to the sentence: “I want more time.” More time for friends and family, more time for my passions, and more time to do whatever the hell I want.
Labor Day celebrates the hard working men and women of this country, those who help make her the wonderful country we know her to be.
We work like hell to live the life we want or meet the needs we have to live.
We work like hell to achieve our goals…
We work like hell to provide for our families…
We work like hell to travel, expunge, and live life to the fullest…
In condensed form, we celebrate today all of the hard work from our full time, part time, contract, and side-hustles we grind on each and every day! We recognize and commend all of you honest hard working people in the world, and hope that the personal finance community contributes knowledge to ourselves and those who want to become Dukes over their castle!
Quotes taken from The Department of Labor
Labor Day became a recognized legal holiday on June 28th, 1894. It “is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It
It “is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contribution workers who have made to the strength, prosperity, and well-being of our country.”
It was first celebrated in New York City on September 5, 1882. They organized street parades to “exhibit to the public “the strength and espirit de corps of the trade and labor organizations” of the community”
After the parade, a festival for the workers and families was held where leaders of the labor movements would speak. It was because of the labor force the USA has obtained such a high standard of living and contributes to the GDP so greatly.
“…it is appropriate, therefore, that the nation pay tribute on Labor Day to the creator of so much of the nation’s strength, freedom, and leadership – the American worker.”
Have you ever heard the “I don’t have enough money excuse?”
Why the words make my blood boil!
The 6 words that make my blood boil the easiest.
It is quite understandable that if you are doing all you can, not spending your money on unnecessaries, and still struggling to make ends meet. Minimum wage employment doesn’t make it easy to save mass amounts of money or single mothers with two jobs struggling to afford everything their children need. We can’t fault those who are trying their hardest to do what is right with their money, but obtaining more is a real challenge for them.
It is NOT understandable when people who say “I don’t have enough money,” only because they spent it on “needs.” All channel Dish TV packages are not a need. Sunday ticket isn’t a need. Drinks at the bar, guess what? They aren’t a real need.
It is absolutely a requirement to consistently spend less than you earn if you want to rid yourself of such an awful 6-word sentence. The greatest part – it is totally in your control!
You’re in control
“We don’t live to work but work to live.”
Be reliable and disciplined. Work hard. Each month you get paychecks deposited in your bank account, guess who is responsible for dictating where it goes? You!!
We’re here to help – let us know if you have any questions!
Avoid the dumb mistakes
Following instant gratitude and doing something such as cashing out your 401(k) early, causing you to take the 10% penalty and pay taxes, while also giving up your most valuable asset in investing – the magic of time with compound interest, IS NOT a good financial decision.
Instead, follow the simplicity of our roadmap or research financial decisions to do what is best for the long term. One of our favorite quotes from Mr. Munger sums it up remarkably:
We believe in you!
Celebrate the wins on your milestone map!
There’s one easy way to achieve the life you want to – deserving it! Work hard to learn your craft. Research the financial decisions to move you in the right direction. Sacrifice and struggle. Celebrate the little things. Give back. Experience everything on that bucket list. As Will Smith says “Love living your life!”.
Wrapping it up
We work like hell not to make our life hell. Not to become indebted to the banks of the world. We work like hell to live, not to pay back credit card interest rates of 18%. We work like hell to make our future worth living for, to provide for our families, travel the world, enjoy those restaurants you always wanted to try (for special occasions). We work like hell to love our life!
Labor Day is the celebration of working like hell for ourselves and for our countries. Celebrate it!!
How do you plan to celebrate today?Why do you work like hell in your life? Tell us in the comments!