LITTLE THINGS BY Charles Robert Morrison

its progress in self-denial,
its success in studious habits,
its end in victory and satisfaction.
But what does industry avail, if its fruits are all wasted?
The next little-great thing that makes for wealth is:
2. Economy.
If, at the end of the year, there has been no saving, there has been an
absolute loss; for time has gone, and strength is going, and something
must be saved to show for the year besides a mere living.
Dr. Johnson has said: "Without economy, none can be rich; and with it, few can
be poor."
Haliburton said: "No man is rich whose expenditure exceeds his means;
and no one is poor whose income exceeds his outgoings."
"Frugality," said another, "may be termed the daughter of Prudence, the
sister of Temperance, and the parent of Liberty. He who
is extravagant will quickly become poor, and poverty will enforce
dependence and invite corruption."
What is happiness? Living within one's income.
What is misery? Spending more than is earned.
See what splendid results flow from annual savings with interest:
Suppose $50 per year is saved, and put out at 6 percent interest, and
compounded. In ten years it has amounted to $650. In twenty years,
$1,860; in thirty years, $3,950; in forty years, $7,700, and in fifty years it
has grown to $14,500. Think of it! A snug sum for an old man to retire
on at the age of seventy!
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