In the United States, where we have more land than people, it is not at all difficult for persons in good health to make money. In this comparatively new field there are so many avenues of success open, so many vocations which are not crowded, that any person of either sex who is willing, at least for the time being, to engage in any respectable occupation that offers, may find lucrative employment. Those who really desire to attain an independence, have only to set their minds upon it, and adopt the proper means, as they do in regard to any other object which they wish to accomplish, and the thing is easily done. But however easy it may be found to make money, I have no doubt many of my hearers will agree it is the most difficult thing in the world to keep it. The road to wealth is, as Dr. Franklin truly says, "as plain as the road to the mill." It consists simply in expending less than we earn; that seems to be a very simple problem. Mr. Micawber, one of those happy creations of the genial Dickens, puts the case in a strong light when he says that to have annual income of twenty pounds per annum, and spend twenty pounds and sixpence, is to be the most miserable of men; whereas, to have an income of only twenty pounds, and spend but nineteen pounds and sixpence is to be the happiest of mortals. Many of my readers may say, "we understand this: this is economy, and we know economy is wealth; we know we can't eat our cake and keep it also." Yet I beg to say that perhaps more cases of failure arise from mistakes on this point than almost any other. The fact is, many people think they understand economy when they really do not.

Author Biography

Phineas Taylor Bar (July 5, 1810 - April 7, 1891) was an American showman, politician, and businessman remembered for promoting celebrated hoaxes and for founding the Barnum & Bailey Circus (1871-2017).[1] He was also an author, publisher, and philanthropist, though he said of himself: I am a showman by profession ... and all the gilding shall make nothing else of me.[2] According to his critics, his personal aim was to put money in his own coffers.[2] He is widely credited with coining the adage There's a sucker born every minute, [3] although no proof can be found of him saying this. Barnum became a small business owner in his early twenties and founded a weekly newspaper before moving to New York City in 1834. He embarked on an entertainment career, first with a variety troupe called Barnum's Grand Scientific and Musical Theater, and soon after by purchasing Scudder's American Museum which he renamed after himself. He used the museum as a platform to promote hoaxes and human curiosities such as the Fiji mermaid and General Tom Thumb.[4] In 1850, he promoted the American tour of Swedish opera singer Jenny Lind, paying her an unprecedented $1,000 a night for 150 nights. He suffered economic reversals in the 1850s due to bad investments, as well as years of litigation and public humiliation, but he used a lecture tour as a temperance speaker to emerge from debt. His museum added America's first aquarium and expanded the wax-figure department. Barnum served two terms in the Connecticut legislature in 1865 as a Republican for Fairfield, Connecticut. He spoke before the legislature concerning the ratification of the Thirteenth Amendment to the United States Constitution which abolished slavery and involuntary servitude: A human soul, 'that God has created and Christ died for, ' is not to be trifled with. It may tenant the body of a Chinaman, a Turk, an Arab, or a Hottentot-it is still an immortal spirit.[5] He was elected in 1875 as mayor of Bridgeport, Connecticut where he worked to improve the water supply, bring gas lighting to streets, and enforce liquor and prostitution laws. He was also instrumental in starting Bridgeport Hospital in 1878 and was its first president.[6] Nevertheless, the circus business, begun when he was 60 years old, was the source of much of his enduring fame. He established P. T. Barnum's Grand Traveling Museum, Menagerie, Caravan & Hippodrome in 1870, a traveling circus, menagerie, and museum of freaks which adopted many names over the years. Barnum was married to Charity Hallett from 1829 until her death in 1873, and they had four children. In 1874, a few months after his wife's death, he married Nancy Fish, his friend's daughter who was 40 years his junior. They were married until 1891 when Barnum died of a stroke at his home. He was buried in Mountain Grove Cemetery, Bridgeport, which he designed himself