Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1909-06-04
THE ROAD TO FORTUNE.
THE GOSPEL OF SAVING MONEY
PREACHED TO DEAF YOUNG EARS.
THE ROOkkapner

IHE GOSPEL OF SAVING NJ . n r.
PREACHED TO DEAF YOUNG EARS.
(The Bookkeeper.)
A young man who would have 8
compency at end of ten years must
make sacrifices for the first two or three
years. Say that you, for instance, are
earning $50 a 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 ex
claim, "lf | should save 81, 900 yeal
that would make $4,000 at the end Of
ten years, without counting the inter
est: You're off in your figuring.
But wait! We are supposing thai
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 consideration if you
would save $4,000 in ten years.
so the first year you save 81, 900. This
leaves you little less than S11 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 it will also be nee
essary for you to construct fewer tailor
ing bills, and in all probability you
will get your wife to aid you in econom-
izing; 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 it was necessary tor you to save
u, 900 during the first year. The 81 900
you can easily place out at per cent.
interest, and at the end of the second
year it will have earned $50. So dur
ing this second year you have to save
only $3.50. In other words, you have
81 week more to spend on the COM
forts of life during the second year than
be first. In this way your load con-
tinues 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 So a week
more to spend than during the first
year; and so it goes until at the end of
your fifth year you are saving only $3.50
year, or less than one-half of your
1850 salary. Each year you have
more to spend. At the end of the eighth
year you are saving just $125 so week,
while you have $3.50 to spend.
AT the end of your tenth year you
have Sl0,0 900, which is earning you $500
year, and which may even bring you
$500 or 500 a year if you investit well.
Ii you were only thirty years of age
when you began saving you are still
too young to retire ON $50 month; but
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
will be worth little over $1,000,
which at 8 per cent. will bring you an
income of SS5 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 they are sufficient to live upon
For instance, if the man
who earns 81 a week for fourteen years
he would have acquired little fortune
of S5,096. This task of saving 81 week
out of SIS week for 72S weeks seems
stupendous at first, but when you fig
ure 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 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 1854. By the end of the second
year this would have earned you SIS. 20
per cent, so that this year you would
need to save only $345.S0 instead of
1854, on S6. 65 week. During the third
year you would have S72S working for
you, which at per cent. would earn
S2R 40 leaving Won X6 20 tn save naoh
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 ofyour ninth,
S4.20, and at the beginning of your
twelfth year only $3.15. 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.