The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1909-08-17
S1.00 A YEAR IN ADVANCE.
THE ROAD TO FORTUNE.
The Gospel OF Saving Money Preached
to Deaf Young Ears.
From the Bookkeeper.

%>~%~"%-%%%-%-~-~--
A young man who would have a
competency at the end of ten years
must make sacrifices for the first two
or three years. Say that you, for in
stance, are earning $50 a week. At
the present time you may be spend
ing nearly all OF this. as thousands
OF others are doing. Now, during the
first year, you must save $1,000.
Why" you exclaim. IF I should
save $1,000 year that would make
$4,000 at the end of ten years, with
out 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 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 $1,000.
This leaves you little less than $11
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 $1,000 during that year
and you will find that you can do 1t.
In the second year your load will
become lighter. and then you will see
MI U
$1,000 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 9TH
er words, you have 81 a week moro
to spend on the comforts OF life dur
ing the second year than the first. In
this way your load continues to get
lighter and lighter. You begin youa
third year with $4,000 out at interest,
end during this year need save only
5000, which leaves 81 a week more
to spend than during the first year;
and so it goes until the end of your
fifth year when you are saving only
$3.50 a year, or less than one-half of
your $3.50 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 year and which may even
bring you $500 or 500 a year If you
invest 1t well. If you were only thir-
ty years of age when you began saw
ing 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 another ten years, IL you do
not gather the honey" which your
$4,000 is making for you, you will
be worth little over ST, 700, which
at six per cent will bring you an in
come of $85 a month for the rest OF
your life.
A modification OF the above scheme
can be made to work to a 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 SIS a week could
save 81 Q week for fourteen years he
of 5000. This task OF saving 81 a
week out of SIS week for 1913 weeks
seems stupendous at first, but when
you figure it out carefully you will
see that 1t is not so difficult after ALL
In the first place, you would have
to save 81 a week only for the first
year, Just as the man who was work
| ing for $4,000 had to save $1,000
| for the first year only. At the end OF
the first year you would have 1894.
| BY the end of the second year this
would have earned $500 at five per
! cent, so that this year you would
need to save only $345.SO instead OF
| 1864, or $665 a week. During the
| third year you would have $73S
working for YOU which at FIVE per
cent. would earn 5000, leaving you
| $3.50 TO save each week after that
| year Figuring I'm this way. I'm the
] beginning OF your sixth year you
would have to lay aside only $3.50
weekly; at the beginning OF the ninth.
! S4.2O. and at the beginning OF your
twelfth, only 1915. Yet at the end
OF your fourteenth year you would
have saved over $4,000, which, prop
erly employed. would mean a great