Celebrating Labor Day with Labors of Love

For me Labor Day signals the end of summer and the beginning of autumn.  Although here in coastal Florida, autumn is the last thing on anyone’s mind when the heat is sweltering hot.

Why don’t you spend this Labor Day weekend doing something different?  Something that is not just for yourself, but for someone or something else.

Try some of these labors of love and see if they put life, and your financial freedom, into better perspective.  As I always say, “It’s about life and how you live it!”

  • Volunteer at an animal shelter.  Take a break from cleaning the house.
  • Volunteer at a soup kitchen.  Take a break from watching TV (in my case, the U.S. Open).
  • Prepare a meal for your family and sit around a table. Eat good food and have great conversation.  Take a break from restaurants and processed foods.
  • Donate your goods to a charity with integrity for giving back.  Take a break from selling stuff on Craigslist or eBay.
  • Donate a pint of blood.  Take a break from always getting to finally giving.  It’s the gift that keeps on giving.
  • Adopt a shelter animal.  Take a break from focusing on yourself and focus on an animal that will love you unconditionally.
  • Say “I love you” to a family member and expect nothing in return.  Take a break from quid pro quo.  It’s really quite exhausting.
  • Volunteer to teach a class or workshop in the area of your expertise.  Take a break from always having to sell yourself and share your wealth of knowledge with others at no charge.  Whew!!  Sign me up!
  • Volunteer to clean up a public park, waterway or beach.  Take a break from your Saturday ball game or league.
  • Volunteer to forgive yourself and others.  Take a break from perfectionism, controlling behaviors and broken promises.

Happy Labor Day!

In the spirit of financial well-being,

Paula Cashflow

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When I first started to pay more attention to the expense side of my wealth accumulation strategy, I started taking a harder stand on ALL fees that I was being charged.  You might be thinking, well, what control do I even have over these fees?  Answer:  you have total control.  Businesses are focused on fee revenues to boost overall revenues during periods of low interest rates.  Don’t let fees erode your savings. Continue reading

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I’ve been asked by so many readers, friends and fellow financial gurus to write about my car buying experiences.  There are a gazillion excellent articles on this topic, but we are approaching the time of year when the 2015s are coming out and the 2014s are on sale.  It’s execution time!  How about a refresher? Continue reading

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Every quarter I sit down and complete a personal financial statement (PFS).  As of June 30, 2014, my PFS will show all my assets, all my liabilities and the resulting total net worth.  I use an Excel spreadsheet, so each quarter has its own tab.  I compare each quarter’s results with the last quarters’ results to see if my net worth increased.  Yes, it is good if the number is larger quarter over quarter.

But what should you really glean from your PFS? Continue reading

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Whether you’re a renter or a home owner, it still means just about everything when you’re building wealth.

Why?  Because the price of home ownership is usually the single largest line item of a budget.  If you don’t get your hands around procuring long term affordable housing, your financial future might be stalled. Continue reading

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“If you never try, you never fail, but if you never fail, you never get the chance to better yourself.” Unknown

“Successful people do what unsuccessful people are not willing to do.” Jim Rohn

As I contemplate the above passages, I am grateful that one of my readers pushed me to write about the proverbial “F” word – Failure.  It’s clear to Paula Cashflow that you can’t blog about reinventing yourself, become better at asking for more money, or become better at public speaking, without the risk of failure. Continue reading

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Looking at your numbers from Part 1, subtract your answer for number 1 from your answer for number 2. If the number is positive, then obviously your current salary is under the market rate. Are you comfortable with closing the gap? If you combine this difference with a history of COLAs, are you even more comfortable moving forward with closing the gap?

Here’s where you can measure whether you have mastered some of Paula Cashflow’s behavioral concepts covered in past blogs, such as becoming a persuasive speaker. Continue reading

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Getting to financial freedom has many components, as you’ve probably gleaned from past blogs. But one of the more important concepts that you must grasp is the ongoing battle against declining real wages.

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