The Secret Of Wealth
132 total pages.
The craze, or whatever it is, of buying just for the pleasure of spending money has already stopped with the man whose income has shrunk. If the man whose income has not yet shrunk will limit his purchases now to the things which he needs or can really use he will be able to save some money. "If you live according to what nature requires, you will never be poor; if according to the notions of men, you will never be rich."--Seneca.
CHAPTER XVIII "The way to wealth is us plain as the way to market--it depends on two words, industry and frugality; that is, waste neither time nor money but make the best of both."--Franklin. SOME merchants, manufacturers and other business men have argued that full prosperity is only possible when people stop saving and spend their money freely. Merchants sometime feel that the banks and the thrift organizations are likely to hurt business through urging people to save their money. The only saver who hurts business through accumulating too much money is the miser who hides away his money. Saving money and putting it in the bank where it resumes its place as part of the circulating medium never hurts or hinders business. To whom would the real estate man sell a home or a vacant lot if no one saved money and no one accumulated funds? For whom would the building contractor build a house if no one saved money? And to whom would the lumber man, the cement man, the sash and door man, the dealer in plumbing fixtures and the steam-fitter--to whom would these sell their merchandise if no one accumulated a quantity of money at any one time? Were it not for the saver, the piano dealer would never make a sale. Even the graphophone dealer and the furniture dealer would seldom if ever have a cash sale if people would not save for a long time looking toward the day when they could have that new graphophone, that dining-room set or that modern kitchen range.
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The Secret Of Wealth