The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-10-25
HOuO Can o. Poor
Man Get Ahead?
BY SAMUEL o. RICE.
Educational Director Investment
+, 1.-.j As.oo;o+;oo IF Yaarica

Bankers Association of America,
That 20O-million-dollar cash bal
ance that Henry Ford is said to car
nv, that's interesting reading. It's
instructive to read how John b. Rock
efeller, Charles M. Schwab, George T.
Baker, John G. Shedd and a score
of other :"shirt sleeve" millionaires
came up by their own, sheer, unaided
ability, Maybe another Rockefeller or
a Schwab or a Baker can read it and
find the way to go and do likewise.
But it doesn't apply to millions of
men and women, everyday folks who
haven't Rockefeller ability and who
are asking themselves, How can
get ahead, give more to my family,
own a home, have an assured income
for old age 2"
To answer these questions l have
gone to wage earners and small sal
aried men and women, mail carriers,
teachers, ministers, clerks, washer
woman, and I have found surprising
N Der who have accumulated enough
money to be wholly or partly fnan-,
cially independent. Their way of get
ing ahead is doubtless more practical
for the average person than that of
Ford or Rockefeller Every instance
recited herein is absolutely true.
The names are changed entirely, in
Difference to the wishes of these,
twelve, average, everyday folks who
have got ahead or are we'll on the
road. / give first the postman's story.
He has never earned more than $1,000
a year, yet he and his wife could
afford, and took, a 7-months vacation
tour of Europe. The postman's story:
you don't get something for moth
ing" said the postman. "That's the
first big thing l learned in trying
to get ahead. / was an orphan at
six weeks and a newsboy at six years.
l found out terribly early that you've
got to put something by for bad luck.
| got 5000 year when / entered the
postal service. / regularly put by at
least 10 per cent every pay day. Put
it in a savings account. When I'd get
few hundred dollars I'd put it in
safe bonds.
How'd l know what securities to
buy? l didn't and don'te But l can
read the newspapers, can't /? I've
never gorgotten that you don't get
something for nothing. I know there
are sharks waiting for uninformed in
vestors like me-read of fake oil pro-
motions and bucketshops in the pap
ers. l simply looked and asked for
reliable investment security dealers
until l was sure that ! had good
dealer. He picks my investment Sc
curities. l didn't pick my investments.
II picked men who made a business
Of picking investments, and who 1
was dead sure were honest and knew
their business. That's all there is
to it.
"How old am /? Oh, not SO old
I was in the Navy during the war
That was the first time we ever used
any of our interest. Ny wife lived
very comfortably on it while | was
getting $50 a month in the Navy. Be-
fore that, every interest payment went
into savings and then into more bonds.
The second time we spent interest
money was when We went to Europe
after the war. We were in France,
Italy, Denmark, Germany, and Swed-
en- for seven months. Ny investments
yield around per cent. I never tried
to get big interest. You don't get
something for nothing. I never
bought stock on margins. I've never
lost a penny Gin my investments.
made it my business to get good,
honest investment advice from honest
men wha knew. That's ali there is to
it."