The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-04-09
How Money Grows.

Cent Fer Cent, prominent faaheia
journal. has been making some calcn-
ls,ions for the benefit OF young men
10 show how money grows. 1t says
that safe I per cent. investments are
plentiful, and II takes that figure us
a basis. and presumes that thrifty
youth begins at eighteen to save a
dollar. n week. AT twenty ho woulu
lsnve $500 THIS he would invest IN
some we'll established industrial con-
Germ paying per cent. annually, With
the understanding that his annual div.
!aend was 20 be added regularly to his
original investment.
AT thirty he would be worth Ss64.21.
A, forty by Keeping UP his dollar Il
week ana reinvesting his dividends,
bc would be worth s2,36T.6i AT hftI
l,a would be worth s5,S25.s2. with an
abnual income Of s372.77. which would
ro on perpetualiy. for himself during
his lifetime and for his heirs there
after.
"Rr, the man who has shown the
,hr,f. necessary to continue his week
" savings for one year." says our
contemporary will, in great ma
iority OF cases, be as saving OF MS
strength and so be in his prime at
fifty. And by carrying on the SAVING
and reinvcstmcnt of dividends through
another ten years. he would have made
forts s1O0 investments. the total value
;;t which at his sixtieth year would
be s11.17G4l. At this point his chill
dren would have grown up and become
and If he should have
continued through these forty years
in the modest circumstances OF his
youth. his wants would be simple, and
he and his wife could live out the
remainder of their years comfortably
provided for b. their annual income
OF s7S235, and have $4,000 invest
mcnt to leave to their children. And
all of this as the result of saving but
one dollar week. the increase OF
which would not cost him q thought
nor a moments labor.
Yet with all of these large results
Of saving dollar week, an assured
income of sTS2.35 from the savings
of lifetime IS too small when we
consider that from SO to SIS per day
is paid for many forms of labor
And the young man who puts away q
dollar a week the first year Will be
saving two dollars per week the second
year. and four dollars per week the
third year. because his earning power
will be increasing. and this habit Of
thrift will thrust him upward on the
Industrial ladder. BY the time he is
thirty or thirty FIVE he will havf be-
come in almost every instance an en-
pIoyer of men and q leader in the
worlds work. with wealth sufficient
FOR every present or future need"
This ought to be stimulus to cvet'y
youth and Young man who reads IT.
The Times-Dispatcf does not believe
in rich-quick schemes. The man
who goes into them is lucky If he
comes out whole. At best they are
dangerous. for where one succeeds a
hundred fail. The fool and his money
are soon parted That isn't the worst
Of it. The fool usually parts with his
money without receiving anything in
return. At least. that is the fate Of
fools who deal with the get-rich-qnick
sharks.
The way to accumulate is the way
of nature Plant the seed, cultivate
1t. and let it grow.
But thrift is q virtue Of itself. II
cultivated It helps man to be care
full, painstaking and systematic in all
things. and makes him more desirable
as a workman and more successful as
business man. 1t also gives him
much comfort. which the careless
lhiftless spendthrift may never know.