Thought for the Day October 19, 2014: Be Thou Thrifty

“If you know how to spend less than you get, you have the philosopher’s stone.” Ben Franklin

“If you know how to spend less than you get, you have the philosopher’s stone.” Ben Franklin

You cannot bring about prosperity without discouraging thrift. J. Paul Getty (thanks to

I believe that thrift is essential to well-ordered living. John D. Rockefeller (thanks to

Cannot people realize how large an income is thrift? ~Cicero (thanks to

He who does not economize will have to agonize. ~Confucius (thanks to

Thrift is a source of income and security. It makes you more self reliant.

Some years ago when I was working in a warehouse while attending college, the company accountant suddenly resigned from his job. He had bought an apartment house which was now supporting him so he didn’t need his day job.

After I graduated from college working in Colorado, an employee received a suggestion from his supervisor. The employee said, “I’ve been thinking about retiring anyway.” The supervisor said there was no reason to quit, he was a good employee and he did good work. But the man took off his apron and left the factory.

Don't let your job be a ball and chain.

Don’t let your job be a ball and chain.

Both of these gentlemen were very thrifty. They had invested wisely and they became independent. Work was not a ball and chain to them.

Thrift can bring independence. It requires self-restraint, not purchasing everything in sight, wasting money by buying one car after another rather than making that car last by taking care of it. You need to be in that “fix it up, do without, make do” way of thinking.

You need to remember that time is valuable and that you should not waste it. If you plant a garden each year, you become more self-reliant. If you make some of the things you need, you are more self reliant. If you plan your use of time and resources, you become more self-reliant.

Many folks seek extra income when they have it right in front of them. It is being more frugal. It’s your money, Keep it!


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