The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1909-08-04
HINT TO THE YOUNG
FOR COMFORT IN AGE ONE MUST
SAVE IN YOUTH.
Systematic Putting Away Of Part Of
Money Earned 10 the Only Way
to Do u - Figures Worth
. Stusyino.

70 10 VI - Fluurct WOTtn
Stusyino.
A young man was would have
competency at the cod of ten years
must make sacrifices for the first two
or three years. Say that you, for In
stance, are earning $50 week. At
the present time you may be spend
ing nearly all OF this, as thousands OF
others are doing. says a writer in The
Bookkeeper. Now, during the first
year, you must save $1,000. Why"
you exclaim. IF | should save 81 GOO
year that would make 900 at the
end of ten years, without counting the
interest! You're of in your figuring"
But wait. We are supposing now
that you are having your share of
prosperity, and that at different times
within the next few years you will
have doctors bills to pay and may
even be without employment at times.
These things must be taken into con-
sideration if you would save $4,000
in ten years.
So the first year you save $1,000.
a week upon which to live during that
time. Perhaps you will have to move
out of your present home and rent one
that Is cheaper. For a time 1t will also
be necessary for you to contract fewer
tailoring bills, and in all probability
you will get your wife to aid you in
economizing; but you must save 81 900
during that year and you will find that
you can do ii.
In the second year your load will
become lighter, and then you will see
why 1t was necessary for you to save
81 900 during the first year. The
$1,000 you can easily place out at five
per cent. interest and at the end of the
second year it will have earned you
$50. So during this second year you
have to save only $3.50. In other
words you have one dollar a week
more to spend on the comforts of life
during the second year than the first
In this way your load continues to
get lighter and lighter. You begin
your third year with $4,000 out at in
terest, and during this year need save
only $780, which leaves you two dol
lars a week more to spend than dur
ing the first year; and so it goes I'M
til at the end of your fifth year you
are saving only $3.50 year, or less
then one-half of your 1850 salary.
Each year you have more to spend
At the end of your eighth year you
are saving just $3.50 a week, while
you have $3.50 to spend
At the end of your tenth year you
have $4,000, which is earning you
$500 a year, and which may even bring
it well. If you were only 30 years of
age when you began saving you are
still too young TO retire on $50 a
month. but now you can spend all
that you earn, and at the end of an.
other ten years, If you do not gather
the honey" which your $4,000 is
making for you, you will be worth a
little over $4,000, which at SIX per
cent. will bring you an income of
SIS a month for the rest Of your life.
modification Of the above scheme
can be made to work to the profit OF
any wage Garner, no matter what his
weekly earnings may be, granting, of
course, that they are sufficient to live
upon comfortably For instance, II
the man who earns SIS week could
save seven dollars a week for IA years
he would have acquired little for
tune of $1,000. This task OF saving
seven dollars a week out of SIS week
for 72S weeks seems stupendous at
first, but when you figure 1t out care
fully you will see that it IL not so
difficult after all. In the frst place,
you would have TO save seven dollars
q week only for the first year, just as
had to save $1,000 for the first year
only. Al the end of the first year you
would have S72S working for you,
second year this would have earned
you 1890 at FIVE per cent, SO that
this year you would need to save only
S345.S0 instead OF 1854, or 1855 a
week During the third year you
would have s72S working for pou,
which at five per cent, would earn
S36.40. leaving you $500 TO save each
week that year. Figuring in this way
in the beginning of your sixth year
you would have to lay aside only
$3.50 weekly; at the beginning of
your ninth, $4.20, and at the beginning
of your twelfth, only 1915. Yet at the
end of your fourteenth year you
would have saved over $1,000, which,
properly employed would mean a
great deal to you in the years to come.