Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1909-09-09
HINT TO THE YOUNG
FOR COMFORT IN AGE ONE MUST
SAVE IN YOUTH.
Systematic Putting Away Of Part 81
n. Money Earned - the Only Way
e DO Il - Figures Worth
r. Studying.

Money, Earned 10 the Only Way
e DO Il - Figures Worth
rr. studying.
A young man who would have .
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 week. At
the present time yon may be spend
ing nearly all OF this. as thousands OF
others are doing. says q writer in The
Bookkeeper Now, during the first
year, you must save $1,000. why"
you sxclaim. III l should save $1,000
q year that would make $4,000 at tho
end of ten years, without counting the
interest! You're OF In your nguring!"
But wait. We are supposing now
that you are having your share OF
prosperity. and that at sifferent times
within the next few FEARS you will
have Doctors bills to pay and may
even be without employment at times.
These things must be taken into con-
sideration II you would save $4,000
IN ten years.
l. 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 IL cheaper. For time It will also
be necessary for you to contract fewer
tailoring bills. and in all probability
you will get your wife to aid you In
economiIing; but you must save 1000
during that year and you will And that
You can do 1t.
In the second year your load will
become lighter. and then you will see
why It was necessary for you to save
| $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 1t will have earned you
$50. So during this second year you
have to save only $3.50. In other
words, you have one dollar q week
more to spend On the comforts Of life
during the second year than the first.
In this way your load continues tc
get lighter and lighter. You begin
your third year with $4,000 out at in.
| terest, and during this year need save
only $500. which leaves you two dol.
lars q week more to spend than dur.
ing the flrst year: and 80 1t goes un
til at the end OF your NTH year you
are saving only $3.50 year. or less
then one-han 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 . week, while
you have $3.50 to spend.
At the end OF your tenth year you
have $4,000, which 10 earning you
$500 year, and which may even bring
you $500 or 800 . year. II you invest
| 1t we'll. II you were only 80 years OF
age when you began saving you are
still too young to retire on $50 q
month, but now you can spend all
that you earn. and At the end of an.
other ten years, II you DO not gather
the honey" which your $4,000 ID
making for you, you will be worth q
little over $4,000. which. ut six per
cent. will bring you an income OF
$85 q 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, II
the man who earns 1l5 week could
save seven dollars week for IA years
he would have, acquired . little for
tune Of $S.0oo. This, task of saving
seven dollars week out Of 4lS weel
for 728 weeks seems stupsndous al
first. but when you figure II out care
fully you will see that Il 10 not &C
AilAcult after all. In the flrst place
you would have to save seven dollar,
week only for the arst year, Just a
the man who waa working for 31O.O0t
| had to save $1,000 for the FIRST yea
only. At the end Of the nrst year 20,
would have $72S working for you
second year this would have earnst
you $3.50 at Ave per cent, 30 tina
this year you would need to save onl!
3346.S0 instead Of 1854, or @6.65 /.
week. During the third year yo'
would have $72S working for pou
! which ct fve per cent. would earl
u $3.50. leaving you $3.50 to save eac1
] week that year. Figuring In this wa,
in the beginning Of your sixth yea
] you would have to lay aside onl,
$3.50 weekly: 1t the beginning o
your ninth. $40, and ct the beginning
OF your twelfth, only 33.1S. Yet at tn
, end Of your fourteenth year 20
would have saved over $1,000. which
properly employed. would mean
II great deal to you In the years to come
eelf-Dofenoe.
at nee that the Turks have / !.