Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 61

Samuel Smiles《Thrift》· Thrift · Investing

Socrates recommends fathers of families to observe the practice of their thrifty neighbours--of those who spend their means to the best advantage,--and to profit by their example. Thrift is essentially practical, and can best be taught by facts. Two men earn, say, five shillings a day. They are in precisely the same condition as respects family living, and expenditure Yet the one says he cannot save, and does not; while the other says he can save, and regularly deposits part of his savings in a savings bank, and eventually becomes a capitalist.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 61 · 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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