The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-05-23
THE ROAD TO FORTUNE.
CThe Bookkeeper.)


A young man who would have a COM
potency at the end of ten years must
make sacrifices for the first two or
three years. Say that you. for instance.
are earning $50 q week. At the present
time you may be spending nearly all
OF this, as thousands of others are do
ing Now, during the first year you
must save $1,000. Why" you exclaim.
If I should save $1,000 a year that
would make $4,000 at the end Of ten
years, without counting the interest
You're off 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 doctor
bills 10 pay and may be even without
employment at times. These things
must be taken into consideration if
you would have $4,000 in ten years
So the first year you save 81 900. This
leaves you a little less than 81 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 il will be neces-
sary for you to contract fewer tailor
bills, and in all probability you viii get
your wife 10 aid you in economizinE;
but you must save 81 900 during that
year. and you will find that you can
do it.
In the second year your load will be-
come lighter. and then you will see why
il was necessary for you TO save 81 900
during the first year. The $1,000 you
can easily place out at per cent in
terest and at the end of the second
year il viii have earned you $50 So
during this second year you have to
save only $3.50. In other words you
have 81 a week moro 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 $1,000
out at interest. and during this year
need save only $500. which leaves you
50 a week more to spend than during
the first year: and SO it goes till at the
end of your fifth year you are saving
only $3.50 year. or less than one-half
Of your s1,500 salary Each year you
have more to spend. At the end OF
your eighth year YOU are saving lust
$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 You
$500 or $500 a year If you invest it well.
If you were only 80 years of age when
you began saving you are still too
now you can 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
viii be worth q little over $4,000.
which at 6 per cent will bring you an
income of $50 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 comforta bly, For instance. IL the
man who earns SIS a week could save
81 week for fourteen years ne would
have acquired a fortune of $1,000. This
task Of saving s. a week out of SIS a
week for 72S weeks seems stupendous
at first. just as the man who was
working for $4,000 had to save 81 900
for the first year only. At the end Of
the first year you would have 1864 BY
the end of the second year this would
have earned YOU StS.2o ut per cent. so