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Story
March 8, 1927
The Pleasantville Press
Pleasantville, Atlantic County, New Jersey
What is this article about?
Article outlines three paths to wealth—inherited, speculative, and invested—endorsing systematic investment via thrift and real estate in growing urban areas, per E. A. White.
Clipping
OCR Quality
98%
Excellent
Full Text
Three Roads
To Fortune
Inheritance, Speculation and
Investment the Usual
Means to Wealth
THRIFT AND INVESTMENT, SUREST
There are three roads to fortune, but only one may be regarded as relatively sure. These roads are inheritance, speculation and systematic investment.
Inheritance is uncontrollable and applies to few. Speculation is usually too risky to be considered. According to E. A. White, president of the E. A. White organization, real estate developers, the last of the three is the simplest and most direct road to independence.
But, strange to say, there are a large number of people who try speculating in the hope of filling quickly the proverbial pot with gold.
"The first step is to plan your living so that you spend less than you earn, and the difference will be the foundation for your fortune.
"Take this money and 'make a small initial payment on real estate in or close to a metropolitan district. Select property located in a neighborhood that is on the upward trend, having the advantages of convenient transportation and accessibility. Deal with a real estate firm that is reliable.
"There is much territory to draw from in all directions. Most of us have wonderful hindsight, but it is foresight that creates wealth.
"All great enterprises are founded on imagination. Somewhere, sometime, before the growth of any enterprise into its physical proportions, someone thought it out, saw its possibilities and planned it. That is creative imagination. Some may call it foresight.
"Since practically every city in the country is growing in population, and since population causes increasing values, real estate
(Continued on Page A-1)
To Fortune
Inheritance, Speculation and
Investment the Usual
Means to Wealth
THRIFT AND INVESTMENT, SUREST
There are three roads to fortune, but only one may be regarded as relatively sure. These roads are inheritance, speculation and systematic investment.
Inheritance is uncontrollable and applies to few. Speculation is usually too risky to be considered. According to E. A. White, president of the E. A. White organization, real estate developers, the last of the three is the simplest and most direct road to independence.
But, strange to say, there are a large number of people who try speculating in the hope of filling quickly the proverbial pot with gold.
"The first step is to plan your living so that you spend less than you earn, and the difference will be the foundation for your fortune.
"Take this money and 'make a small initial payment on real estate in or close to a metropolitan district. Select property located in a neighborhood that is on the upward trend, having the advantages of convenient transportation and accessibility. Deal with a real estate firm that is reliable.
"There is much territory to draw from in all directions. Most of us have wonderful hindsight, but it is foresight that creates wealth.
"All great enterprises are founded on imagination. Somewhere, sometime, before the growth of any enterprise into its physical proportions, someone thought it out, saw its possibilities and planned it. That is creative imagination. Some may call it foresight.
"Since practically every city in the country is growing in population, and since population causes increasing values, real estate
(Continued on Page A-1)
What sub-type of article is it?
Personal Triumph
What themes does it cover?
Triumph
Moral Virtue
Fortune Reversal
What keywords are associated?
Inheritance
Speculation
Investment
Real Estate
Thrift
Foresight
Imagination
What entities or persons were involved?
E. A. White
Where did it happen?
Metropolitan District
Story Details
Key Persons
E. A. White
Location
Metropolitan District
Story Details
Three roads to fortune: inheritance (uncontrollable, for few), speculation (risky), and systematic investment (simplest to independence). Advocate thrift: spend less than earn, invest difference in real estate in growing neighborhoods with reliable firms. Emphasize foresight and imagination in creating wealth amid city population growth.