Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 262

Samuel Smiles《Thrift》· Thrift · Investing

It often happens that workmen lose their employment in "bad times." Mercantile concerns become bankrupt, clerks are paid off, and servants are dismissed when their masters can no longer employ them. If the disemployed people have been in the habit of regularly consuming all their salaries and wages, without laying anything by, their case is about the most pitiable that can be imagined. But if they have saved something, at home or in the savings bank, they will be enabled to break their fall. They will obtain some breathing-time, before they again fall into employment. Suppose they have as much as ten pounds saved. It may seem a very little sum, yet in distress it amounts to much. It may even prove a man's passport to future independence.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 262 · 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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