This weekend also is Labor Day weekend. For those who aren't familiar, the holiday celebrates the American worker. It originated with a parade in New York City arranged by the Central Labor Union and the Knights of Labor in 1882. By 1894, it was officially recognized as a federal holiday by President Grover Cleveland.
The coming of Labor Day this year brought an interesting thought to mind. In fairness, this has probably been brought up by others in the community and I just haven't seen it. Nevertheless, I think it's worth sharing.
Make Dividends Your Employee
I'm a firm believer in the dignity of work because it can bring a sense of achievement and fulfillment to our lives. Simultaneously, I don't think that most people are meant to be stuck in the rat race until the day they die.
This is why I would argue it's so important to make your money work for you and why I have started to view my dividends as my employee. When done right with an insistence on quality, dividend growth investing can be magical. Many people have realized financial independence (e.g., investment income > expenses) this way and I even work with some of them on a routine basis.
That has allowed these individuals to focus on the work that matters most to them. It also has freed them up to spend more time on more important things. This includes practicing their faith, spending time with family, and taking better care of their health.
Concluding Thoughts:
So, that's all I have for today. By the time everybody reads this post, Labor Day weekend will be over. I hope everybody has a safe, healthy, and relaxing weekend!
Discussion:
Has your dividend "employee" helped you to reach financial independence yet?
If not, when do you anticipate reaching financial independence?
I appreciate your readership and welcome your comments below!
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