Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-05-21
The ROAD TO FORTUNE
SYSTEM OF SAVING MONEY MEANS
SACRIFICE.
now the Gospel of Daily Economy Works
out-Who Can Prove Its
Truth.

young man who would have n com
potency at the end of ten wears must
make sacrifices for the first two ar thra.
years. Say that you, for instance arc
earHihg SoO week. AT the nresent
t tline you may be spending nearly nil of
N Ms, as thousands of others are doing
SSS Inno; turing the first year you must save
49, ono ny, you exclaim,' if / should
NY plVuO year that would make $40
Voo at the end of ten wears. witbomt
tiguringr' ~" 'e VII III your
Dul wait we are supposing now that
you are having your share of prosnaritv
ana that at different times within tho
I'm leW years you will have doctors
nans " pay and may even be without
olmptoyment at times These things
,,.o us oe taken INTO consideration if you
would save $4,000 in ten years.
30 the hrst year you save $1,000 This
ivanes you little less than $1l weel,
upon which to live during that time
ferhapS you will have to move orr IF
your present home and rent one thar Is
cheaper: For time it will also be nee
sssary Tor you to contract fewer tailor
ing bills, and in all probability Won will
Set your wire to aid you in economizinc,
put. you must save $1,000 during thai
year and you will find that YOU can do #
III the second year your load will be-
come llghter, and then YOU will see why
~ WAS necessary for you to save SlOOo
during the first year. The $1,000 Won
can easily place out at 5 per cent. inter
est ana ut the end of the second wear il
VIII nave earned you $50 So duriny
this second year YOU have to save nnis,
$500 In other words, YOU have 81 =
week more to spend on the comforts of
lie during the second year than the first
In inns way your load continues to get
lighter and lighter. You begin your
third year with $1,000 out at interest,
and during this year need save only
5000 which leaves you S. a week more
to spend than during the first wear. ana
SO 1t goes until at the end of your fifth
year you are saving only $3.50 Il year or
less than one-haIf of your S156O salary.
Each year you have more to spend At
the end of your eighth year YOU are saw
ing Just Sl2.JO Il week, while you have
SlIaO to spend.
At the end of your tenth wear YOU
have $4,000, which is earning YOU 5000
a year and which may even bring you
$500 or $500 a year if YOU invest it
we'll. If YOU were only 30 years of age
when you began saving you are still too
young to retire on $50 Il month; but now
you spend all that you earn. and at the
end of another ten years; if you do not
gather the honey" which your $4,000
is making for you, you will be worth Il
little over $4,000, which ut 6 per cent.
will bring you an income of $50 month
for the rest of your life.
a 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, if the
man who earns S15 a week could save
81 week for fourteen years he would
have acquired a little fortune of S5096.
This task of saving 81 a week out Of
$50 n week for 72S weeks seems Stupen-
dous ut first, but when you figure it out
carefully you will see that it is not SO
difficult after all. In the first place,
YOU would have to save 81 week only
for the first year, just rs the man who
was working for $4,000 had to save
$1,000 for the first year only At the end
of the first year you would have S364.
by the end of the second year this would
have earned you $3.50 ut ; per cent, so
that this year you would need to save
only S345SO instead of S364, or $500
a week. During the third year YOU
would have 1928 working for you, which
mt 3 per cent. would earn S36,4O 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 the ninth $40, and at the beginning
of your twelfth only S3.15 Yet at the
end of your fourteenth year you wonId
have saved over 5000, which, properly
employed, would mean a great deal TO
you in the years to come.-Ihe Book
keener.