Labor as an Asset
Folks in the traditional labor force are generally considered an expense to the businesses they work for, from the accounting perspective — neat, tidy, black and white, easily spreadsheet-able. And even though many CEOs say their company’s labor force is its greatest asset, the daily management and financial machinery have a difficult time accounting for the value of that intangible entity. Looking at my own decades in the traditional labor force, I conclude that I could not have ever afforded to buy my lifestyle with cash, but the combination of judicious cash investment, in addition to thousands of hours of my own labor, allowed me to work toward the goals of financial independence and a life that I don’t need a routine vacation from. Yes, I agree, I am lucky.…