Everyone should make his son or daughter learn any useful trade or profession, so that in these days of changing fortunes of being rich to-day and poor tomorrow they may have something tangible to fall back upon. This provision might save many persons from misery, who by some unexpected turn of fortune have lost all their means.
LET HOPE PREDOMINATE, BUT BE NOT TOO VISIONARY
Many persons are always kept poor, because they are too visionary. Every project looks to them like certain success, and therefore they keep changing from one business to another, always in hot water, always “under the harrow.” The plan of “counting the chickens before they are hatched” is an error of ancient date, but it does not seem to improve by age.
DO NOT SCATTER YOUR POWERS
Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will inevitably drive it home, so that it can be clinched. When a person’s undivided attention is centered on one object, their mind will constantly be suggesting improvements of value, which would escape them if their brain was occupied by a dozen different subjects at once. Many a fortune has slipped through a person’s fingers because they were engaged in too many occupations at one time. There is good sense in the old caution against having too many irons in the fire at once.
You should be systematic in your business. A person who does business by rule, having a time and place for everything, doing their work promptly, will accomplish twice as much and with half the trouble of those who do it carelessly and half heartedly. By introducing system into all your transactions, doing one thing at a time, always meeting appointments with punctuality, you find leisure for pastime and recreation; whereas the person who only half does one thing, and then turns to something else, and half does that, will have their business at loose ends, and will never know when their day’s work is done, for it never will be done. Of course, there is a limit to all these rules. We must try to preserve the happy medium, for there is such a thing as being too systematic. There are men and women, for instance, who put away things so carefully that they can never find them again. All theory and no result.
So with the youth of today starting in business; let them understand the value of money by earning it. When they do understand its value, then grease the wheels a little in helping them to start-up their business, but remember, those who get money with too great facility cannot usually succeed. You must get the first dollars by hard knocks, and at some sacrifice, in order to appreciate the value of the almighty dollar.