The Bridgeport times and evening farmer., 1920-11-04
Shrewd Woman Fiinancier Gives Advice To Her Sex
 On Making Investments

Chicago, Nov. 4-Chances in finance | or business that one cannot afford l should not be taken; gratuitous advice | from failures is worth little, and last, | but not least, advice is a wonderful thing if the receiver uses his own mind and judgment in the last analy sis.
 The foregoing is the gist of an in terview with Mrs. Jacob Bauer, re- garded as one of the shrewdest women financiers in Chicago. and probably in the entire Middle West.
 Mrs. Bauer prefaced her interview with the statement that success in the handling of money can be achieved only through strict adherence to a few sound business principles, the first of which, she says is:
 Spend less than you receive!" That remark" Mrs. Bauer con- tinued, sounds trite enough to seem | foolish, but you would be amazed to find how long it takes to drive 1t home to the minds of some. When it finally does dawn on a woman that she can't possibly expect | to have money in the bank if she lives | in excess of her income she will. If she is sincere in her wish to get ahead financially, start spending less. | Mrs. Bauer points with pride to a | rule that she made early in life and 1 never violated until she was in posi- ton to reap the rewards of her hnan- cial acumen:
 | Determine each year to make more l and spend less. This is one of the | rules that gives intense satisfaction to | the woman who lives up to it. She i takes a special pride in the amount | of money she is able to lop off the 1 expenditure total, and even greater satisfa ction in the figures which show l the increased amount earned"
 With the saving problem disposed | of Mrs. Bauer turned to investment, advising the budding f1nancier never l take a chance a rich man can't af-
 ord,' and deprecating the tendency of
 in which the amout of profit is small.
 ''Women.' she said, 'are generally prone to scorn small returns on an
 investment-if they can't gamble with
 a gold mine they prefer to spend their
 money on extravagant living.
 | This is one of the gravest errors a moneygrubber can make. It is all
 ways wiser for the 'tenderfoot to in
 that pay moderate returns. Fly-by-
 night propositions that offer glowing
 prospects and dividends often fail to
 materialize and the investor not alone
 fails to receive the promised return
 on his investment, but frequently
 loses the money invested as we'll"
 Mrs Bauer pointed out the folly of accepting the advice of anyone not a financial success himself and the wis dom of obtaining the advice Of others | before reaching conclusion. "A woman can become just as clear and unerrfng as a man if she trains her mind properly-but her mind will | never be a financial asset if she de-
 bends on someone else to make her } decisions for hr. eIn tn final analysis all the big problems must be solved : by ones self. Think for yourselves 7 Study, investigate and look at your I problems with oe same common l sense you apply to- other everyday matters"
 f Mrs. Bauer here took occasion tc take a fling at husbanas and fathers
 who refuse to permit their womer
 folk to handle money, giving then
 instead free access to charge ac'
 counts.
 . "No woman can possibly have 2 t clear understanding of value if she - does her buying on a charge accoun
 and the men have themselves tt
 blame for whatever abuses grow ou | of it. They should be given a stiPu
 lated amount and encouraged to mak' the best of It."