Let Money Work For You Do Not Let It Work Against You

Let Money Work For You Do Not Let It Work Against You
Young men starting in​ life should avoid running into debt .​
There is​ scarcely anything that drags a​ person down like debt .​
It is​ a​ slavish position to​ get in,​ yet we​ find many a​ young man,​ hardly out of​ his teens,​ running in​ debt .​
He meets a​ chum and says,​ Look at​ this: I​ have got trusted for a​ new suit of​ clothes .​
He seems to​ look upon the​ clothes as​ so much given to​ him; well,​ it​ frequently is​ so,​ but,​ if​ he succeeds in​ paying and then gets trusted again,​ he is​ adopting a​ habit which will keep him in​ poverty through life .​
Debt robs a​ man of​ his self-respect,​ and makes him almost despise himself .​
Grunting and groaning and working for what he has eaten up or​ worn out,​ and now when he is​ called upon to​ pay up,​ he has nothing to​ show for his money; this is​ properly termed working for a​ dead horse .​
I​ do not speak of​ merchants buying and selling on​ credit,​ or​ of​ those who buy on​ credit in​ order to​ turn the​ purchase to​ a​ profit .​
The old Quaker said to​ his farmer son,​ John,​ never get trusted; but if​ thee gets trusted for anything,​ let it​ be for 'manure,​' because that will help thee pay it​ back again.
Mr .​
Beecher advised young men to​ get in​ debt if​ they could to​ a​ small amount in​ the​ purchase of​ land,​ in​ the​ country districts .​
If a​ young man,​ he says,​ will only get in​ debt for some land and then get married,​ these two things will keep him straight,​ or​ nothing will .​
This may be safe to​ a​ limited extent,​ but getting in​ debt for what you eat and drink and wear is​ to​ be avoided .​
Some families have a​ foolish habit of​ getting credit at​ the​ stores,​ and thus frequently purchase many things which might have been dispensed with.
It is​ all very well to​ say; I​ have got trusted for sixty days,​ and if​ I​ don't have the​ money the​ creditor will think nothing about it .​
There is​ no class of​ people in​ the​ world,​ who have such good memories as​ creditors .​
When the​ sixty days run out,​ you will have to​ pay .​
If you do not pay,​ you will break your promise,​ and probably resort to​ a​ falsehood .​
You may make some excuse or​ get in​ debt elsewhere to​ pay it,​ but that only involves you the​ deeper.
A good-looking,​ lazy young fellow,​ was the​ apprentice boy,​ Horatio .​
His employer said,​ Horatio,​ did you ever see a​ snail? I​ - think - I​ -have,​ he drawled out .​
You must have met him then,​ for I​ am sure you never overtook one,​ said the​ boss .​
Your creditor will meet you or​ overtake you and say,​ Now,​ my young friend,​ you agreed to​ pay me; you have not done it,​ you must give me your note .​
You give the​ note on​ interest and it​ commences working against you; it​ is​ a​ dead horse .​
The creditor goes to​ bed at​ night and wakes up in​ the​ morning better off than when he retired to​ bed,​ because his interest has increased during the​ night,​ but you grow poorer while you are sleeping,​ for the​ interest is​ accumulating against you.
Money is​ in​ some respects like fire; it​ is​ a​ very excellent servant but a​ terrible master .​
When you have it​ mastering you; when interest is​ constantly piling up against you,​ it​ will keep you down in​ the​ worst kind of​ slavery .​
But let money work for you,​ and you have the​ most devoted servant in​ the​ world .​
It is​ no eye-servant .​
There is​ nothing animate or​ inanimate that will work so faithfully as​ money when placed at​ interest,​ well secured .​
It works night and day,​ and in​ wet or​ dry weather.
I was born in​ the​ blue-law State of​ Connecticut,​ where the​ old Puritans had laws so rigid that it​ was said,​ they fined a​ man for kissing his wife on​ Sunday .​
Yet these rich old Puritans would have thousands of​ dollars at​ interest,​ and on​ Saturday night would be worth a​ certain amount; on​ Sunday they would go to​ church and perform all the​ duties of​ a​ Christian .​
On waking up on​ Monday morning,​ they would find themselves considerably richer than the​ Saturday night previous,​ simply because their money placed at​ interest had worked faithfully for them all day Sunday,​ according to​ law!
Do not let it​ work against you; if​ you do there is​ no chance for success in​ life so far as​ money is​ concerned .​
John Randolph,​ the​ eccentric Virginian,​ once exclaimed in​ Congress,​ Mr .​
Speaker,​ I​ have discovered the​ philosopher's stone: pay as​ you go .​
This is,​ indeed,​ nearer to​ the​ philosopher's stone than any alchemist has ever yet arrived.

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