May 17, 2011

The Law of Success Part 30

Did you know that another grievous form of lack of self control is the "spending" habit? I have reference, of course, to the habit of spending beyond one's needs. This habit has become so prevalent. A well known economist has prophesied that three more generations will transform a nation from being the richest country in the world to the poorest if the children are not taught the savings habit, as part of their training in both the schools and the homes. On every hand, we see people buying automobiles on the installment plan instead of buying homes. Within the last fifteen years the automobile "fad" has become so popular that literally tens of thousands of people are mortgaging their futures to own cars. This is a speed-mad, money-spending age in which we are living, and the uppermost thought in the minds of most of us is to live faster than our neighbors.

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