The Secret Of Wealth

Do you first pay for necessities--then lay aside your sinking fundand then, but not before then, buy the things you want, the things you can live without?

Sometimes the sinking fund of a corporation swallows all the money left after necessities arc paid for. Sometimes the income of the corporation is not enough to fill three mouths, but just satisfies twonecessary expenses and the sinking fund. When this is the case, a corporation which expects to go ahead instead of sliding back does not steal the portion rightly due the sinking fund, nor does it borrow from the sinking fund for any purpose unless it is to save the very existence of the corporation.

Having a sinking fund, a savings fund, is the first demand, the first vital necessity of good management in the affairs of a corporation or of a private individual, man or woman, boy or girl. The sinking fund comes second on the list, right after necessary expenses. It cannot be put third-- not this way: 1--Necessities; 2--Things you want; 3The Sinking Fund.

That cannot be done, Sir, or Madam, or Miss, whoever you are reading these words. The sinking fund is No. 2 and the wisest and most experienced business men admit it. They have given up trying to change this immutable law -- they no longer try to float up-stream when all things else must float down. But some foolish people whom you can call to mind at this moment are still trying to float up-stream; still putting the sinking fund last, after everything else--if they have one at all. Make a business corporation of your household. Or, if you are alone and have no one to provide for but yourself, make a corporation of yourself, handle the money you get and the money you spend just as an experienced business house handles its funds. Let father and mother and the boys and girls form the Smith Corporation or the Jones Corporation (or whatever your name is) and run it according to corporation rules and methods. The way to have the same kind of prosperity as a successful corporation is to follow its path--don't try to hew your own way through the woods.

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