The Secret Of Wealth

A rich man and a poor man face the same task-- the management of their possessions. The rich man may handle lands and houses and a huge income; while the poor man may have only the clothes on his back and the wages he has earned today.

The problems confronting the two men are the same. The difference between them is not so much as the weight of a grain of sand.

Good management solves either and both.

Good management rises to the top like a cork in water.

Good management will bring riches to the poor man--and the lack of good management will make a pauper of the millionaire.

Good management means applying the same rules and methods to the handling of your private finances that a successful corporation applies to the handling of its income and outgo.

A corporation shaves down its cost of living to rock bottom.

It gives thought and experiment to reducing expenses. Even the saving of half a cent here and there is not considered too insignificant; no economy is too small, for it is fully realized that small wastefulness amounts to a great leak by the end of the year. Out of the income the expenses are paid. What is left is profit. But don't think that a corporation turns over the whole profit each year to the people who own the corporation. Not by any means! A certain part of the profit is put aside; it is called the sinking fund; it is a reserve fund; a fund for time of extreme need; a fund with which to extend the business, so that income will increase.

After expenses are paid; after the sinking fund is put aside; then, and not until then, the remainder of the income goes to the owners of the corporation to use as they please.

Is this the way you handle your income?

Do you follow the same principles of good management in handling your private funds that a corporation does?

Do you hunt for and stop the leaks in the "operating cost" of your home, of your daily life?

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