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May 2008

How Did you Make Your money?

A young man asked an older rich man how he made his money.

The old guy fingered his sweater and said, "Well, son, it was 1934 and in the depth of the Great Depression. I was down to my last dime.

"I invested that dime in an apple. I spent the entire day polishing the apple and, at the end of the day, I sold the apple for fifteen cents.

"The next morning, I invested those fifteen cents in two apples. I spent the entire day polishing them and sold them  for 30 cents. I continued this system for a month, by the end of which I'd accumulated a fortune of $1.59."

"And that's how you built an empire?" the boy asked.

"Heavens, no!" the man replied. "Then my wife's father died and left us two million dollars."

Paying in advance

A motorist was driving by a Texas ranch, hit and killed a calf that was crossing the road. The driver went to the owner of the calf and explained what had happened and he then asked what the animal was worth.

"Oh, about $200 today," said the rancher. "But in six years it would have been worth $900. So $900 is what I'm out."

The motorist sat down and wrote out a check and handed it to the farmer.

"Here," he said, "is the check for $900. It's postdated six years from now."

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