Happy St. Patrick’s Day! I live in Chicago, where we take our St. Patrick’s Day seriously, with the South Side Irish Parade and dyeing the Chicago River green. These are cherished Chicago traditions. St. Patrick was the patron saint of Ireland, and so it might not seem readily apparent what we can learn from him on today’s St. Patty’s Day. But let’s give it a go. So, what 3 DIY money lessons can you learn from today? Let’s take a look.

  1. Take the initiative to start your journey to DIY financial empowerment. St. Patrick walked into the unknown, moving to Ireland from his native home to spread his message of freedom. Anytime you seek the unknown, including taking ownership over your budgeting, saving and investing, it can feel uncomfortable. You don’t know what to expect but you know that where you’re going has got to be a better place. Once you embrace the opportunity to own your financial life, it’ll require intentionality and effort on your part to continue taking the right steps forward to building your DIY mentality and capabilities. But after taking those first steps to the unknown of financial empowerment, you’ll look back and see how much you’ve accomplished for the better.
  2. Tend to your DIY personal finances with care and devotion. Everyone wears lots of green on St. Patrick’s Day. Because, why not? Everyone’s a little bit Irish on St. Patrick’s Day (and I happen to look stellar in green). Green is the color of growth and harmony. To make your money work for you, you have to work for your money. Learn to tend to it often by, first, checking up on your budget; second, making sure you’re saving enough of your income for an emergency fund and retirement (i.e. 401(k)); and, third, reviewing your cash/investments accounts to ensure you’re getting the best possible return and the lowest fees out there.
  3. Remember that DIY investing is a marathon and not a sprint. As the old Irish saying goes, “there’s a pot of gold at the end of the rainbow.” It may seem like that you’re getting nowhere contributing small amounts to your retirement accounts (401(k), IRA, etc.) every pay period, but after a long period of time you’ll look back and see how much your account has grown. “Keep on keeping on,” as the Irish say, and you’ll find that pot of gold at the end of the rainbow of your DIY investing marathon. If you invest early, invest consistently and invest in the stock market you’ll finally reach that pot of gold (retirement security, high net worth, financial freedom, etc.) you’ve longed to achieve. 

Today’s post is unique because it’s not inspired by my upcoming book on DIY 401(k) investing. Instead, I thought I’d detour today to show that you can find DIY money lessons in anything, even St. Patrick’s Day. Keep on keeping on you DIY Millennial Millionaires!

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From Millennial to Millionaire: DIY 401(k) – 5 Do-It-Yourself Steps for the Digital Generation to Design and Manage their 401(k) on Amazon.