2. When you are inclined to buy chinaware, chintzes, India silks, or any other of their flimsy, slight manufactures, I would not be so bad with you as to insist on your absolutely resolving against it; all I advise is to put it off (as you do your repentance) till another year, and this, in some respects, may prevent an occasion of repentance.

3. If you are now a drinker of punch, wine, or tea twice a day, for the ensuing year drink them but once a day. If you now drink them but once a day, do it but every other day. If you do it now but once a week, reduce the practice to once a fortnight. And if you do not exceed in quantity as you lessen the times, half your expense in these articles will be saved.

4. When you incline to drink rum, fill the glass half with water.

Thus at the year's end there will be a hundred thousand pounds more money in your country.

If paper money in ever so great a quantity could be made, no man could get any of it without giving something for it. But all he saves in this way will be his own for nothing, and his country actually so much richer. Then the merchants' old and doubtful debts may be honestly paid off, and trading becomes surer thereafter, if not so extensive.

Necessary Hints to Those

That Would Be Rich

Written in the Year 1736

HE use of money is all the advan

THE

tage there is in having money. For six pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.

He that spends a groat a day idly spends idly above six pounds a year, which is the price for the use of one hundred pounds.

He that wastes idly a groat's worth

of his time per day, one day with another, wastes the privilege of using one hundred pounds each day.

He that idly loses five shillings' worth of time loses five shillings, and might as prudently throw five shillings into the sea.

He that loses five shillings not only loses that sum, but all the advantage that might be made by turning it in dealing, which by the time that a young man becomes old will amount to a considerable sum of money.

Again he that sells upon credit asks a price for what he sells equivalent to the principal and interest of his money for the time he is to be kept out of it; therefore, he that buys upon credit pays interest for what he buys, and he that pays ready money might

let that money out to use; so that he that possesses anything he has bought pays interest for the use of it.

Yet in buying goods it is best to pay ready money, because he that sells upon credit expects to lose five per cent, by bad debts; therefore he charges on all he sells upon credit an advance that shall make up that deficiency.

Those who pay for what they buy upon credit pay their share of this advance.

He that pays ready money escapes, or may escape, that charge.

"A penny saved is two pence clear; A pin a day's a groat a year."