Hardly anything is more fatal to success than a desire to become suddenly rich. A business man now counts his wealth by the thousands, but he sees a grand chance to speculate. This is a little risky, of course, but then the old adage: "Never venture, never have." I admit I may lose, but then all men are subject to loss in any business, but I am reasonably sure of gaining an immense amount. Why! what would folks think? I would be a millionaire. I would do so and so. Thus he indulges in this sort of reasoning, goes into a business of which he knows nothing and loses all. Why wouldn't he? Men who have made a study of that business for years, and who have amassed a fortune in it, are daily becoming bankrupt. What an idiot a man makes of himself when he leaves a calling in which he has been eminently successful to embark in a calling which is, at best, uncertain, and of which he knows nothing. Once for all, let me admonish you: If you would succeed never enter outside operations, especially if they be of a speculative nature. Select a calling, and if you stick to your calling, your calling will stick to you.
Frequent changes of business is another cause of failure, but we have treated this subject quite thoroughly elsewhere in this work. Therefore it seems to us that to add more here would be superfluous. True it is that some men have succeeded who have seemingly drifted about. Dr. Adam Clark has said: "The old adage about too many irons in the fire conveys an abominable lie. Keep them all agoing—poker, tongs and all." But Dr. Clark seems to forget that the most of the people who try to follow his advice, either burn their fingers or find their irons cooling faster than they can use them. We cannot all be Clarks if we try, and to follow this method the most of us will fail; but we can, by following one line of procedure, at last bring success.
Extravagance of living is another prolific cause of bankruptcy. A man imagines that by hiring a horse and driving in the park he will show people that he is as good as the neighbor who drives his own horse. He deludes himself with the idea that this sort of extravagance will, in the eyes of his fellow-men, place him on an equal footing with millionaires.
Dr. Franklin has truly said: "It is not our own eyes, but other people's, that ruin us." It has been said that the merchant who could live on five hundred a year, fifty years ago, now requires five thousand. In living, avoid a "penny wise and pound foolish" custom. A man may think he knows all about economy and yet be ignorant of its first principles. For instance, a business man may save every imaginable piece of writing paper, using all the dirty envelopes that come in his way. This he does instead of using a neat letter head and clean paper, at a slight additional cost, and vast gain in the influence which such a letter carries over the other. Some years ago a man stopped at a farm house over night. After tea he much desired to read, but found it impossible from the insufficient light of one candle. Seeing his dilemma, the hostess said: "It is rather difficult to read here evenings; the proverb says, 'You must have a ship at sea in order to be able to burn two candles at once.'" She would as soon have thought of throwing a five dollar bill into the fire as of setting the example of burning two candles at once. This woman saved, perhaps, five or six dollars a year, but the information she thus denied her children would, of course, out-weigh a ton of candles. But this is not the worst of it.
The business man, by such costly stinginess, consoles himself that he is saving. As he has saved a few dollars in letter paper, he feels justified in expending ten times that amount for some extravagance. The man thinks he is a saving man. The woman is a saving woman, she knows she is a saving woman. She has saved five or six dollars this year in candles, and so feels justified in buying some needless finery, which could gratify nothing but the eye. She is sure she understands economy, yet she starves the mind to clothe the body in finery. She is something like the man who could not afford to buy more than a penny herring for his dinner, yet hired a coach and four to take it home. Saving by retail and wasting by wholesale. Nowadays we use kerosene and thus our light is both good and cheap, but the principle remains.
Wear the old clothes until you can pay for more; never wear clothes for which you owe anyone. Live on plainer food if need be. Greeley said: "If I had but fifty cents a week to live on, I'd buy a peck of corn and parch it before I'd owe any man a dollar." The young man who follows this principle will never be obliged to live on parched corn. How few people keep an itemized account of their expenses. Spendthrifts never like to keep accounts. Buy a book; post in it every night your daily expenditures in the columns; one headed "Necessaries," the other "Luxuries," and you will find that the latter column will be at least double the former. Indeed, in some cases it will exceed it ten times over.
It is not the purchase of the necessaries of life that ruin people, but the most foolish expenditures which we imagine necessary to our comfort. Necessary to our comfort; Ah! what a mistake is that, as many a man will testify who is perpetually dunned by uneasy creditors. It is the sheerest kind of nonsense, this living on credit. It is wicked. Yet a gentleman recently told the writer that he personally knew a clergyman who had been preaching for years on a salary exceeding seven hundred dollars per year, and of late on twelve hundred per year; yet, this man of the gospel to-day owes his college debts. A man loaned him money to go through school, and he has never been "able" to repay that money, although he has practiced the most "rigid economy."
Stuff! this man knows nothing of the first principles of economy. In my opinion, there are many clergymen who will have to answer for the sin of extravigance: There are many more who will have to answer for the sin of slothfulness. The Bible says: "Six days shalt thou labor and do all thy work." Ah! there is a part of the commandments too often skipped flippantly over. Many a clergyman would be horrified if asked to do any labor on the seventh day; but would be equally horrified if accused of sinning by attending to a foreign business, thereby neglecting to do all his labor during the six other days.
God gives us ample time to do our work, and it is a sin to leave any of it undone. God expects a man to choose some calling, and He also expects that man to master that calling, and He expects him to do his utmost to excel in that calling. No clergyman can spend four days out of a week in some foreign work, and in the two remaining days thoroughly prepare himself for the Sabbath work. For two reasons: One is, he disregards the law of concentration, divides his mind and thoughts; hence, loses force and influence. The other, that God does not approve of other than our best effort.
This preacher will occupy one hour in preaching a twenty-five minute discourse, and then complain because people are not interested in his sermons. We do not justify Sabbath-breaking, nor a lack of religious interest, but the preacher who is unwilling to take any responsibility upon himself for such a state of things is lacking somewhere. We speak of the clergyman simply as illustrative of our idea in this matter. The same rule applies to the lawyer, physician, or merchant—the mechanic, artist or laborer. If I was a day laborer building a stone wall I'd study my work and push it so vigorously that I would soon be, if not the best, at least one of the best workmen anywhere to be found. Strive to be an authority. Wasted opportunity; there is the root of thousands of failures.