« ZurückWeiter »
which seem to represent life only as a season of luxury.
"Exacto tontentus tempore vitas
Cedat uti conviva satur ■
Lusisti satis, edisti satis atque bibisli;
Tempus abire tibi."
Which may be thus put into English:
Life's but a feast: and when we die,
ADVICE TO A YOUNG TRADESMAN, WRITTEN ANNO
To My Friend, A. B.
As you have desired it of me, I write the following hints, which have been of service to me, and may, if observed, be so to you.
Remember, that time is money. He, that can earn ten shillings a-day by his labor, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent, or rather thrown away, five shillings besides.
Remember, that credit is money. If a man-lets his money lie in my bands after it is-due, he gives me the interest, or so much as I can make of it during that time. This amounts to a considerable sum where a man has good and large credit, and makes good use of it.
Remember, that money is of the prolific generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six, turned again it is seven and three-pence, and so on till it becomes an hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding sow, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.
Remember, that six-pounds a-year is but a groat a-day. For this little sum (which, may be daily wasted either in time or expense unperceived) a man of credit may, on his own security, have the constant possession and use of an hundred pounds. So much in stock, briskly turned by an industrious "man, produces great advantage.
Remember this saying, "The good paymaster is lord of another man's purse." He that is known to pay punctually and exactly to the time he promises, may at anytime* and on any occasion, raise all the money his friends can spare. This is, sometimes of .great use. After industry and frugality, nothing contributes more to the raising oft* young man.in the worfd thaw punctuality aad - jus*tice in all his dealings: therefore, never keep borrowed money an hour beyond the time you promised, lest a disappointment shut up your friend's purse for ever.
The most trifling actions that affect a man's credit are to be regarded. The sound of your hammer at five in the morning, or nine at night, heard by a creditor, makes him easy six months longer: but if he sees you at a billiard-table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day; demands it before he can receive it in a lump.
It shows, besides, that you are mindful of what you owe; it makes you appear a careful as well as an honest man, and that still increases your credit.
Beware of thinking all your own that you possess, and of living accordingly. It is a mistake that many people who have credit fall into. To prevent this, keep an exact account for some time, both of your expenses and your income. If you take the pains at first to mention particulars, it will have this good effect; you will discover how wonderfully small trifling expenses mount up to large sums, and will discern what might have been, and may for the future be saved, without occasioning any great inconvenience.
In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words, industry and frugality; that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them every thing. He that gets all he can honestly, and saves all he gets (necessary expenses excepted), will certainly become rich—if that Being who governs the world, to whom all should look for a blessing on their honest endeavors, doth not, in his wise providence, otherwise determine. An Old Tradesman.
NECESSARY HINTS TO THOSE THAT WOULD BE
The use of money is all the advantage there is in having money.
For six pounds a-year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.
He that spends a groat a-day idly, spends idly above six pounds a-year, which is the price for the use of one hundred pounds.
He that wastes idly a groat's worth of his time per day, one day with another, wastes the privilege of using one hundred pounds each day.
He that idly loses five shillings' worth of time, loses five shillings, and might as prudently throw five shillings into the sea.
He that loses five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which, by the time that a young man becomes old, will amount to a considerable sum of money.
Again: he that sells- upon credit, asks a price for what he sells equivalent to the principal and interest of hismoney for the time he is to be kept Out of it; therefore, he that buys upon credit, pays interest for what he buys, and he that pays ready money, might let that money out to use; so that he that possesses any thing he has bought, pays interest for the use of it.
Yet, in buying goods, it is best to pay ready money, because he that sells upon credit, expects to lose five per cent, by bad debts; therefore he charges on all he sells upon credit, an advance that shall make up that deficiency.
Those who pay for what they buy upon credit, pay their share of this advance.
He that pays ready money, escapes, or may escape, that charge:
A penny sav'd is t<vb-pence clear,
THE WAY TO" MAKE MONEY PLENTY IN EVERY Btan's POCKET.
At this time, when the general complaint is that "money is scarce," it will bean act of kindness to informthe moneyless how they may reinforce their