Stop and think that whenever you part with one dollar you are sacrificing two or more dollars, some say, five or ten, for the reason that in the course of a few years, your dollar will earn you several other dollars by being put out at interest, or in bonds that pay good rates of interest.
It is a comforting thought to know that when you can not work, your money is working for you every moment.
The following tables will show you just what it does:
| TIME IN WHICH MONEY DOUBLES. | ||
|---|---|---|
| Per Cent | Simple Int. | Comp. Int. |
| 2 | 50 years | 35 years |
| 2½ | 40 years | 28 yrs. 26 da. |
| 3 | 33 yrs. 4 mos. | 23 yrs. 164 da. |
| 3½ | 28 yrs. 208 da. | 20 yrs. 54 da. |
| 4 | 25 years | 17 yrs. 246 da. |
| 4½ | 22 yrs. 81 da. | 15 yrs. 273 da. |
| 5 | 20 years | 14 yrs. 75 da. |
| 6 | 16 yrs. 8 mos. | 11 yrs. 327 da. |
| 7 | 14 yrs. 104 da. | 10 yrs. 89 da. |
| 8 | 12½ years | 9 yrs. 2 da. |
| 9 | 11 yrs. 40 da. | 8 yrs. 16 da. |
| 10 | 10 years | 7 yrs. 100 da. |
A Dollar Saved Is a Dollar Earned
A small sum saved daily for fifty years will grow at the following rate:
| Daily Savings | Result |
|---|---|
| One cent | $ 950 |
| Ten cents | 9,504 |
| Twenty cents | 19,006 |
| Thirty cents | 28,512 |
| Forty cents | 38,015 |
| Fifty cents | 47,520 |
| Sixty cents | 57,024 |
| Seventy cents | 66,528 |
| Eighty cents | 76,032 |
| Ninety cents | 85,537 |
| One Dollar | 95,041 |
BECOME A LAND OWNER
From the material point of view, there is nothing on this earth that leads to so much success, security, and social standing as the ownership of land.
By owning land you become a landlord, and you gain that opportunity by thrift and economy.