Does Labor Day Carry
a Special Meaning For You?

Labor Day means many different things to many different people.

For some, it marks the end of Summer. This is the predominant meaning for those going back to school like my kids!

For others, it’s a time of reflection. Reflection because we’ve all spent a significant amount of our time working in order to support and create the best possible life for ourselves and our families.

There’s an enormous sense of pride that goes along with that, and reinforcing that pride at least once a year is very important.

And, for overwhelming majority, it represents the national holiday created over 100 years ago to celebrate the achievements of American workers….and, thus a day OFF from work!

Does Labor Day have any significance for you, or is it “just another day” and not worthy of celebration?

If it’s “just another day” for you, that’s probably good news.

We have several Relaxing Retirement members who will not be celebrating this year for the very first time!

They’ve done such a good job managing and accumulating financial reserves that they no longer need to work to support themselves if they don’t want to.

This is where the majority of Relaxing Retirement members find themselves and they have so much to be proud of.

After all, statistics consistently confirm that only 6% of Americans achieve financial independence and continue their lifestyle into their retirement years, while 94% do not.

As you stop and think about that amazing statistic, remember that the whole concept of “retirement” (living without “having” to work for the income you need) has only been around for 75 years or so for anyone other than the super rich!

75 years! That’s it. What you’re experiencing did not exist before that. For thousands and thousands of years, today’s concept of ‘retirement’ did not exist!!

Prior to that time, you worked until you passed away, or until you were unable to physically and your family supported you.

If You’re Still Working…

If you are still working, you probably fall into one of two categories:

Group One: You’re working, not because you have to, but because you still ‘want’ to.

You’ve done all the analysis you need to do and you know you don’t need to work for income, but you still enjoy what you’re doing so why give it up.

We have several Relaxing Retirement members in this category too, and I think it’s terrific. Just because ‘society at large’ defines “retirement” as no longer working doesn’t mean that you have to live that definition.

As I’ve shared with many of you, I will never “retire” by society’s definition.

True retirement is your ability to do:

  • What you want,
  • When you want,
  • Where you want, and
  • With whomever you choose to do it with

All without having to depend on the income from “work” to support your lifestyle.

That’s the position you want to be in.

Group Two: You’re working because you believe you “need” to.

If you’re in this camp, the question I have for you is how do you know?

If you’ve done all the analysis necessary, and carefully determined that you still need to work, that’s great. You’re making the decision to continue to work based on fact, not emotional opinion or media manipulation.

However, in my experience, I’ve encountered far too many people who are still grinding it out every day, not because they want to, but because they believe that they still ‘have’ to. And, the reason they think they ‘have’ to is rarely based on careful analysis and fact.

It’s typically based on many years of conditioning, like:

  • “You can’t retire if you still have a mortgage”, or
  • “You have to wait until you can collect social security”, or
  • “You can’t retire unless you have $1 million in the bank, or $2 million, $3 million, $4 million…”, or
  • “You have to wait until you’re eligible for Medicare because nobody can afford health insurance”

The answer for all of these conditioned beliefs is “maybe”. Maybe they’re true for you, and maybe they’re not.

None of these statements is a universal truth. The answer lies in your personal numbers because everybody’s priorities and resources are drastically different.

Over the last 26 years, I’ve worked with countless numbers of individuals who have “grossly underestimated” their ability to stop working if they want to, only to find out that they could have stopped working one, two, or three years ago, but they didn’t know it.

Imagine finding out that you could have afforded to comfortably stop working 3 years ago if you chose to, but you didn’t even know it.

Don’t fall into that trap. Take the time to rationally understand your own personal numbers to the point where you can confidently make educated decisions, instead of basing your life decisions on erroneous ‘rules of thumb’ or ‘outdated’ conditioned beliefs.

As anyone who has achieved complete financial independence will tell you, knowing that you don’t need to work changes EVERYTHING.

Committed To Your Relaxing Retirement,

Jack Phelps

The Retirement Coach

P.S.: WHO do you know who could benefit from receiving my Retirement Coach “Strategy of the Week”? Please simply provide their name and email address to us at Or they can subscribe at

I appreciate the trust you place in me. Thank you! (The content of this letter does not constitute a tax opinion. Always consult with a competent tax professional service provider for advice on tax matters specific to your situation.)