Jeffrey Archer Quote
The grandmothers decided on William’s eighth birthday that the time had come for the boy to learn the value of money. With this in mind, they allocated him one dollar a week as pocket money, but insisted that he keep an inventory accounting for every cent he spent. Grandmother Kane presented him with a green leather-bound ledger, at a cost of 95 cents, which she deducted from his first week’s allowance. From then on the grandmothers divided the dollar up every Saturday morning. William could invest 50 cents, spend 20 cents, give 10 cents to charity and keep 20 cents in reserve. At the end of each quarter they would inspect the ledger and his written report on any unusual transactions.
The grandmothers decided on William’s eighth birthday that the time had come for the boy to learn the value of money. With this in mind, they allocated him one dollar a week as pocket money, but insisted that he keep an inventory accounting for every cent he spent. Grandmother Kane presented him with a green leather-bound ledger, at a cost of 95 cents, which she deducted from his first week’s allowance. From then on the grandmothers divided the dollar up every Saturday morning. William could invest 50 cents, spend 20 cents, give 10 cents to charity and keep 20 cents in reserve. At the end of each quarter they would inspect the ledger and his written report on any unusual transactions.
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About Jeffrey Archer
Archer revived his fortunes as a novelist. His novel Kane and Abel (1979) remains one of the best-selling books in the world, with an estimated 34 million copies sold worldwide. Overall his books have sold more than 320 million copies worldwide.
Archer was the deputy chairman of the Conservative Party from 1985 to 1986; he resigned after a newspaper accused him of paying money to a prostitute. In 1987 he won a civil case and was awarded large damages because of this claim. He was made a life peer in 1992 and subsequently became the first Conservative candidate to be selected as a candidate for mayor of London. He ended his candidacy in 1999 after it emerged that he had lied in the case in 1987. In 2001 he was sentenced to four years of imprisonment for perjury and perverting the course of justice, ending his active political career. He was released early in 2003.