The Secret Of Wealth
132 total pages.
They have learned it is nonsensical misery to fool yourself into thinking that you "must live up to a standard." Then as fast as you reach one standard, another one, still more expensive, beckons you on. Not having to strive to pay vanity's bills has brought so much more liberty and comfort and genuine happiness into the home that many have kept on with it since the war. They learned that they did not need or actually want half the things they once thought were bare necessities of life. You can't hurt business by refraining from spending your cash for foolishness. The case is not one of either spending your money or burying it in the ground. The money you keep is not removed from business exchange. Every dollar will be spent twice each week. It will be kept in circulation. That $100 you have in the bank (if you leave it there) will be circulated by the bank, and some one will spend it twice a week. This
Country's business amounts to six hundred billion dollars annually and our entire stock of money now is eight billion dollars. Each dollar is spent nearly a hundred times a year. Look abroad upon the whole earth, and then rejoice in the plenty and prosperity among which we Americans are happily cast. But if this plenty and prosperity which is flowing to each of us-- if it is allowed to flow, like a river, right on past-- what good will it do us? The money you stop as it flows past; the money you keep is all that is really yours out of all that you earn. P-r-o-s-p-e-r-i-t-y is a combination of earning and saving. Prosperity is the chance to save-- the time for which you have been wishingthe days in which to store up capital for making investments and acquiring the income which will keep you when you want to quit work. Prosperity is opportunity -- opportunity for every American, whether his forefathers came over in the Mayflower, or he himself arrived in the latest model of steamship.
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The Secret Of Wealth