Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1898-08-26
HOW TO GET RICH.
Some MilliOnaires Tell Poor Man
the Way to Make Fortune.

mlllionaircs, who had been the arcli-
tccts of their own fortunes and raised
themselves by their own exertims
from humble, poor boys to their pres.
cnt position of wealth and influence.
81 am a young mechanic, with vie
and child" said the writer. al male
good wages, and am able by strict
economy to save about $40 per
month. | now have about $500, and
am ut loss to know what to do with
it. Will you kindly tell me what you
consider the best investment for small
savings, with view to making them
the nucleus OF n great fortune? Will
you please also give me any general
directions or advice that you think
will aid a young man just starting in
life to become rich?" The following
replies were received:
Were / in your position | would
buy some real estate in your city.
You cannot duplicate real estate.
You can duplicate any other kind of
security. As the country grows real
estate will increase in value. All the
improved real estate in any large city,
as a rule, has paid its interest and
taxes and quadruplcd in value during
the past 80 years, while during the
same period 30 per cent of all the
merchants and traders have failed or
gone out OF business, SO that their
stock has been wiped out.
With your $500 you had better buy
a piece of improved real estate, how
ever small, that is paying sufficient
rent to pay the taxes and the interest
on whatever amount of money you
would have to borrow. Pay in cash
what little money you have and give
your note, secured by mortgage on
the property, for the balance in small
sums falling due ut short intervals,
and then use all your extra income
from the rent of your property in pay
ing them off. You never incur any
risk in discOunting your own notes,
and when your friends find that you
are placing your money where it is
perfectly secure, they will be glad to
assist you if those notes should come
due little too rapidly. Thus in a
short time, and all before you know
it, you will have considerable and
perfectly safe investment.
Ii you had a rich father who would
furnish the cash to start you in bust
ness you would probably do better in
the long run if you invested it in the
way have pointed out rather than to
risk it in trade, meanwhile earning
your living by working for a salary.
For young man, just starting in
life, whose ambition it is to become
rich, l would say, never do a mean
thing for money.
ROSWELL =. FLOWER.
/ think first class savings bank a
secure depository for money as any
place. There is not much use accum-
ulating money if you do not get inter.
est on it. If young man is in the
employ of Others it should be his aim
to earn his salary many times over,
and not to be contented to earn it but
once and merely give satisfaction to
his employers. He should strive to
do more. In my first year in business,
though neither asked nor expected to
do so, 1 frequently worked all night.
A young man who thus devotes HIM
self, heart and soul, to his employers
interest, will soon find that his devo-
ton is appreciated, for even if his en-
ployer shonld fail to reward it some
one else will surely observe it, and the
way to promotion will soon open be-
fore him. There are vacant places in
the higher walks of every business and
profession for the young men who fol-
low this course.
Some men fail because they over
rate their own ability and underesti-
mate that of their competitors. Such
a mistake should be carefully avoided.
Let man with ever so great natural
ability, but lacking capacity for
hard work, compete with a duller
man, but one who tolls early and late,
and the latter will outrun him on the
road to success every time. Wed
natural ability to hard work and you
have a combination that nothing can
defeat. CHAs. A. PILLsBURY.
My advice to young men who are
anxious to advance to the front rank
in the struggle in life is that out OF
every s. they earn they should save
and put out at interest 81 of it.
Money at interest is like calf OF
which an honest old German once
told me. He said that the purchase
of that calf was the best thing he
ever did. for the calf grew just the
same whether her owner was asleep or
awake, and almost before he knew it,
she had grown to be a full-sized COW,
worth many times what he had paid
for her. Just so it is with money at
interest.
If young man just starting in life
will pursue the course | have advised