[The wisdom described below has worked for us. It has enabled us to save in order to have capital for investment]
Young man receives a salary sufficient to keep him and his family fairly comfortable. Then comes a promotion and an advance in salary of a hundred thousand dollars a year.
Does he lay the extra thousand dollars away in the savings account and continue living as before? He does nothing of the sort.
Immediately he must trade the old car in for a new one. A porch must be added to the house. The wife needs a new wardrobe. The table must be set with better food and more of it. (Pity his poor, groaning stomach.)
At the end of the year is he better off with the increase? He is nothing of the sort!
The more he gets the more he wants, and the rule applies to the man with millions the same as to the man with but a few thousands. It’s just as simple as described above.