The Secret Of Wealth
132 total pages.
"An economist, or a man who can proportion his means and his ambition, or bring the year round with expenditure which expresses his character, without embarrassing one day of his future, is already a master of life, and a freeman."--Emerson. "Hard workers are usually honest, industry lifts them above temptation."--Bovee.
CHAPTER VIII "The art of living easily as to money is to pitch your scale of living one degree below your means." --Taylor. TAYLOR lived several hundred years ago when the accumulation of wealth was a slow and laborious process. Were he here today, he would probably say: "Pitch your scale of living many degrees below your means if you wish to live long enough to acquire wealth and to live easily and be comfortably independent in the later years of your life." It is altogether probable that each one of us could get along and be reasonably happy and contented without many of the things which we now have and think necessary. By careful elimination it might be possible to cut down living expenses by 10% or 20% or even 30% and still have everything we need to make our enjoyment of life complete. Almost every one has bought something which he never used. Many people own or are paying rent for more house than they can occupy and in this way are making more work, and therefore more expense, for themselves. Few people pay attention to the buying of things during the season in which they are least expensive. There is a day or a week or a time in every year when each certain thing we use reaches its lowest price. Almost all things are seasonable and the season of most liberal supply and least corresponding demand is the time to stock up on that particular thing. The time to buy furs and coal is not when the first blizzard strikes us and the time to buy apples is not in January. A merchant in a middle western town recently stated that he was selling fully one-half of the furniture in his store at less than it cost to make; at the same time he admitted that he was getting pretty large profits on some certain wicker furniture which was just then in great demand for sun parlors, porches and summer homes. Most people bought their wicker furniture during a period of about two weeks in the spring. They knew they wanted it and could have selected it at any time just as they could now select what they want for next spring and make 25% interest or more on the investment in a few months' time.
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The Secret Of Wealth