Self-Reliance Is Saving for the Future

“Thems that understands it, earns it; and thems that don’t, pays it.”

I learned a great lesson early in my business career. My boss called me into his office. I could tell he had something on his mind. He said, “Give me a definition of interest.” Of course, I reached back in my training and gave him a definition I had learned from a textbook. He said, “No, no, no, that’s not the one I want. You listen and remember this one: Thems that understands it, earns it; and thems that don’t, pays it.”
Now it doesn’t take a genius to understand that before you can collect interest, you must first have some savings. Having savings while continuing to increase one’s standard of living requires understanding of one simple practice and then religiously applying it. After paying your tithing of 10 percent to the Lord, you pay yourself a predetermined amount directly into savings. That leaves you a balance of your income to budget for taxes, food, clothing, shelter, transportation, etc. It is amazing to me that so many people work all of their lives for the grocer, the landlord, the power company, the automobile salesman, and the bank and yet think so little of their own efforts that they pay themselves nothing. (L. Tom Perry in Eternal Marriage Student Manual)
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