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True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.

Quote Summary
P. T. Barnum emphasizes on the importance of true economy, which lies in consistently ensuring that income exceeds expenses. He suggests practical ways to achieve this, such as wearing old clothes for a longer period, foregoing unnecessary purchases like new gloves, and mending old garments. Barnum advises living on simpler and more affordable food if necessary, in order to always maintain a surplus of income, except in the face of unforeseen circumstances.
Quote by P. T. Barnum
Entertainer, American
P. T. Barnum was an American showman, businessman, and entertainer.
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