Jasper County Democrat, Volume 8, Number 16, Rensselaer, Jasper County, 15 July 1905 — SAVE YOUR MONEY. [ARTICLE]

SAVE YOUR MONEY.

An old gentleman recently said that what he waited fifty years for, young people now wanted to start with namely, a “golden wedding.” If young people without capital want to provide for a comfortable old age they should begin to save in youth. John Jacob Astor said that.it cost him more to get the first thousand dollars than it did afterwards to get a hundred thousand, but if be had not saved that first thousand he might have died iu an almshouse. The tendency of money judicously invested is to accumulate — the more you get the faster it accumulates, like the moist snowball that boys roll in winter. We do nut think all the wealth of the nation should be permitted to accumulate in one, or one hundred, or one thousand snowballs, but we do think that every young man should endeavor to lay the foundation for accumulating what may secure to him and his family a comfortable old age. Cigars, theatres, and many other unnecessary amusements, which some young men spend a good deal of money on—and might postpone to a later period—go far to prevent the accumulation of that first thousand dollars, which is the necessary foundation for all the rest.—George T. Angell, in “Our Dumb Animals.”