The Secret Of Wealth
132 total pages.
The impression seems to be current that it is the spendthrift who buys the fine merchandise. Nothing could be further from the truth. The spendthrift wastes his money and seldom has value to show for it after it has gone. Fine merchandise, costly merchandise and the substantial and beautiful things of life are the rewards of the saver, the man who can deny himself the foolish little things of today for the big and joyous things of tomorrow. Prosperity is never hindered by the man who sets aside a goodly portion of his earnings while getting ready to satisfy the big and wholesome desires of life, whether such desire be a new home, an automobile, a fine watch or an education for one of his children. Men and women, boys and girls who spend each dollar or each dime as fast as it is acquired do not make prosperity for the Country, for the merchants and least of all for themselves. Prosperity for all is contingent upon the prosperity of the individual. The piano manufacturer or the dealer can never be prosperous until the masses are prosperous. If the people never saved there never would be a piano sold and the prosperity of the merchants in our own town depends upon the thrift of all of the people. Until more than half of the people in a community are savers, the merchants of that community can never enjoy full prosperity or even a very profitable business. When the saver puts his money in the bank, the bulk of it is borrowed by the manufacturer or the dealer for use in the production of more goods, which means more wealth, because in the production of these goods, whether they are washing machines, automobiles or hogs, more labor is employed and a goodly part of the money is paid back into the community in wages and salaries. This enables these producing workers to buy more merchandise and to save more money to add to their bank accounts. This money then again resumes the rounds as before and travels from the bank to the farmer, from the farmer to the manufacturer, from the manufacturer to his employees and again back to the retail merchant and the bank.
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The Secret Of Wealth