Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 288
Samuel Smiles《Thrift》· Thrift · Investing
When well-paid workmen such as these are able to accumulate a sufficient store of savings, they ought gradually to give up hard work, and remove from the field of competition as old age comes upon them. They ought also to give place to younger men; and prevent themselves being beaten down into the lower-paid ranks of labour. After sixty a man's physical powers fail him; and by that time he ought to have made provision for his independent maintenance. Nor are the instances by any means uncommon, of workmen laying by money with this object, and thereby proving what the whole class might, to a greater or less extent, accomplish in the same direction.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 288 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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