OCR Text |
Show SAVINGS A prcolem that comes home to practically every individual is the problem of saving. How much to save? What proportion of one's income to put by? A financial writer recently gave some startling facts about saving. Only ten persons out of every hundred in the United States are self-supporting after reaching the age of sixty-five. The total absence of any systematic saving is the reason. Me cited the fact that an investment of $250 every half year, at 6 per cent interest, reaches a total of $18,500 a tthe end of 20 years. The important thing for the saver to remember is to invest his money, not to speculate with. Investment is defined as placing one's money in productive channels. |