Labor Worth Celebrating
It’s Labor Day. Time to fire up the grill, put a six-pack on ice and flip through the pages of the back-to-school sales fliers.
For most folks, it’s just another holiday - an excuse to head to the beach. They have no idea what the holiday is all about.
But at Investment U and The Oxford Club, we dig deeper. If we followed the pop-culture trends or relied on the mainstream media to help make our decisions, we’d go broke... financially and morally.
We’ve said it a lot lately, but we have a strong do-it-yourself mentality - especially when it comes to managing your wealth. After all, nobody cares about what’s in your checking account more than you do.
That idea has a funny connection to the modern meaning of Labor Day.
You see, the first official “Labor Day” was celebrated in New York City on Tuesday, September 5, 1882. It was promoted by the region’s powerful Central Labor Union as a way of praising the rank and file. With union popularity soaring, it didn’t take long for the idea to spread across the nation.
But in the 130 years or so that have passed, the power of organized labor has waned. We can argue today that unions are losing power at a record pace. With just 7% of all workers belonging to a union, membership is at historic lows.
For the labor bosses, there’s not much to celebrate today. But for do-it-yourselfers, oh boy, times have never been better.
The ability to be self-reliant is at an all-time high. Thanks to technology and the potential to unleash a flood of information with a few mouse clicks, it’s easier than ever to be a truly independent investor.
With just a bit of your own labor, you can control your financial fate.
Just like the modern worker, today’s investors can toss off the shackles of dependence. These days we don’t need to pay the union leaders to get us a raise... and we certainly don’t need to pay the bosses of Wall Street to manage our money.
For the folks who invest their own labor, self-reliance is easier than ever. And that’s an idea worth celebrating.
So that’s our short-but-important message for today. The labor that you do yourself is the most rewarding.