Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 245
Samuel Smiles《Thrift》· Thrift · Investing
Now, if he had deposited this twelve or thirteen pounds yearly in a bank, or employed it at interest, it would have taken about twenty years before his savings would have amounted to five hundred pounds. But by the simple and beautiful expedient of life assurance, these twenty-six years of the best part of his life are, on this account at least, secured against anxiety and care. The anticipation of future evil no longer robs him of present enjoyment. By means of his annual fixed payment--which decreases according to the profits of the society--he is secure of leaving a fixed sum at his death for the benefit of his family.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 245 · Verified:2026-10-19 · Verification:Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
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