Carry Water Or Build A System
You can carry water from a river every day into your house.
But you probably don’t want to do that every day for the rest of your life, right? Besides, what if you want to free up time to do other things? Or God forbid, what if you get sick? What happens when you get old?
You could build a water cistern and a roof catchment system, so you not only have something to store the extra water you’ve carried up from the river, but it also automatically stores water from the occasional rain that passes your way.
Beyond that, you can invest in a well, too. With a well, you can use a pulley to make your work easier. No more walking down to the river and walking back under a heavy load.
Now if you really want to go all out, you can build a windmill atop your well, to fill the cistern for you.
There! Now you don’t have to carry water from a river, nor wait for rain to fill a cistern, nor manually draw or pump water from the well. Anytime there’s enough wind, some water gets pumped from the well into the cistern until it is full.
Work Smart, Save Your Labor And Invest Wisely
That’s one of the most important things to remember about labor. You have to invest the fruit of your labor wisely, so that it will be there to take care of you one day.
Or, I guess you could count on the government to take care of bringing you “water” (money) when you are no longer able to labor for yourself. Social Security in the United States came into existence 1935! Medicare came into existence 1965.
But what many people have forgotten – and are now starting to realize – is that such government welfare systems are but a blip (76 years and 46 years, respectively) in the scale of human history. Even now, our social welfare system is already showing signs of trouble. Benefits are not as generous, they are not keeping up with real inflation – even as mandatory contributions (taxes) have increased. (For example, Social Security taxes started out as 2% of the first $3,000 in income, now it’s 12.4% of the first $106,800 in income.)
We are living in an age of economic decline even as massive government debts are looming over our heads and increasing millions are dependent on the government. Our government welfare systems may not be there one day. Or, if they survive, what they offer may not be sufficient at all.
Don’t you want to make sure you have your own independent store of labor in the form of wealth and personal resiliency?