Progress and Achievements of the Colored People

Save Your Money and Make It Work for You

There is one open opportunity that everybody can take if he wishes to do so, and with very little exertion on his part.

The man who makes his money earn money for him relieves his own back of many heavy burdens.

To do this is the object and aim of every go ahead person, and there are many men who walk our streets who have money making money for them, even while they sleep.

All you have to do is to save your dollars instead of giving them away for somebody else to work with—work them yourself.

It is worth knowing that when you squander, or spend unnecessarily, one dollar, you are at the same time parting with a servant that will bring you in profitable returns—you are killing the goose that lays golden eggs.

Stop and think that whenever you part with one dollar you are sacrificing two or more dollars, some say, five or ten, for the reason that in the course of a few years, your dollar will earn you several other dollars by being put out at interest, or in bonds that pay good rates of interest.

It is a comforting thought to know that when you can not work, your money is working for you every moment.

The following tables will show you just what it does:

TIME IN WHICH MONEY DOUBLES.
Per Cent	Simple Int.	Comp. Int.
2	50 years	35 years
2½	40 years	28 yrs. 26 da.
3	33 yrs. 4 mos.	23 yrs. 164 da.
3½	28 yrs. 208 da.	20 yrs. 54 da.
4	25 years	17 yrs. 246 da.
4½	22 yrs. 81 da.	15 yrs. 273 da.
5	20 years	14 yrs. 75 da.
6	16 yrs. 8 mos.	11 yrs. 327 da.
7	14 yrs. 104 da.	10 yrs. 89 da.
8	12½ years	9 yrs. 2 da.
9	11 yrs. 40 da.	8 yrs. 16 da.
10	10 years	7 yrs. 100 da.

A Dollar Saved Is a Dollar Earned

A small sum saved daily for fifty years will grow at the following rate:

Daily Savings	Result
One cent	$ 950
Ten cents	9,504
Twenty cents	19,006
Thirty cents	28,512
Forty cents	38,015
Fifty cents	47,520
Sixty cents	57,024
Seventy cents	66,528
Eighty cents	76,032
Ninety cents	85,537
One Dollar	95,041