“But I am afraid the real reason why young men are not more given to saving, is not that they are afraid of being misers, but that they are averse to the practice of that self-denial which the habit of saving necessitates. He who would save money is compelled to deny himself constantly. If we start out in life by gratifying every passing fancy and purchasing whatsoever we may desire, we shall undoubtedly remain poor to the end of our days. But if we learn to sacrifice the whim of the moment to the interests of a lifetime, we shall be in a fair way toward making accumulations.
The fact that saving involves self-denial, gives a high ethical ground from which the habit may be inculcated. John Sterling says somewhere, “The worst education which teaches self-denial is better than the best which teaches everything else and not that.” Charles H. Keays
The fact that saving involves self-denial, gives a high ethical ground from which the habit may be inculcated. John Sterling says somewhere, “The worst education which teaches self-denial is better than the best which teaches everything else and not that.” Charles H. Keays
4 comments:
It seems that this sobering, freeing truth can be applied to every area of life. I am learning how to apply this truth to the area of food and eating--trying to choose healthy foods and activities in the moment so that I and my loved ones can reap the long-term benefits in the future. But it sure is hard when the mouth-watering aroma of fresh-baked pizza is wafting through the air...
Bless you, Fred.
Mel
Good point Mel, the principle applies to nearly all.
God bless,
Fred
Hello Fred!
You have stated a very simple truth and very fundamental to our living effectively and successfully.
Generally youth is not interested in saving and investing for the future. They are happy go lucky and live beyond their means. There are numerous financial institutions ready to lend them money and all that is needed is a salary slip.
There are any number of sayings to inculcate the habit of thrift:
Cut you coat accoring to the cloth.
Save for a rainy day.
A penny saved is a penny earned.
Little drops make the ocean.
Take care of the pennies the pound will take care of itself.
But the youths generally want to live for the moment chasing happiness which invariably eludes them.
A young man was trying to sell me a mobile phone. I told him I don't need a new one sice I already had one. He told me in malayalam:
JEEVITHAM ENTHANU SAARE! ADICHU POLIKENDE!
Translated in English it means:
WHAT IS LIFE, SIR? YOU SHOULD HAVE A BLAST!
Have a good day!
Hello Fred!
You have stated a very simple truth and very fundamental to our living effectively and successfully.
Generally youth is not interested in saving and investing for the future. They are happy go lucky and live beyond their means. There are numerous financial institutions ready to lend them money and all that is needed is a salary slip.
There are any number of sayings to inculcate the habit of thrift:
Cut you coat accoring to the cloth.
Save for a rainy day.
A penny saved is a penny earned.
Little drops make the ocean.
Take care of the pennies the pound will take care of itself.
But the youths generally want to live for the moment chasing happiness which invariably eludes them.
A young man was trying to sell me a mobile phone. I told him I don't need a new one since I already had one. He told me in malayalam:
JEEVITHAM ENTHANU SAARE! ADICHU POLIKENDE!
Translated in English it means:
WHAT IS LIFE, SIR? YOU SHOULD HAVE A BLAST!
Have a good day!
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