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TCL > April 2013 Issue > The CBA’s Golden Book of Anecdotes and Wisdom—From Attorneys, For Attorneys

April 2013       Vol. 42, No. 4       Page  15
In and Around the Bar
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The CBA’s Golden Book of Anecdotes and Wisdom—From Attorneys, For Attorneys

CBA attorneys who are 65+ years of age are invited to share retrospections, anecdotes, advice, and guidance related to the practice of law. This is well-earned knowledge that may provide positive direction for new attorneys as they transition from law school to law practice or serve as gentle reminders to even the most experienced practitioners.

Send your contribution(s) by e-mail to, using "Golden Book" in the subject line, or by U.S. mail to: Golden Book, c/o Leona Martínez, The Colorado Lawyer, 1900 Grant St., Ste. 900, Denver, CO 80203. The "Golden Book" collection is an ongoing effort. As they are received, submissions will continue to be printed in The Colorado Lawyer and posted online at

For some years. I have been collecting what I call "The Lessons of the Great Depression." They are bits of wisdom that describe a way of living frugally and well [attribution for quoted material not supplied]. For example, Teddy Roosevelt said, "If you’re not earning money, you have to even things out by not spending it."

These are so much more than a bunch of platitudes—they describe a way of living well. If we forget these lessons, which came so dear, we do so at our very great peril.

I hope you find them to be helpful.

—Ric N. Morgan, Elbert

> Don’t spend more than you earn.

"Don’t spend money you don’t already have in your pocket."

> Don’t use credit—if you can’t pay cash, then don’t buy it.

> If you must borrow, never risk what you cannot afford to lose.

> Don’t waste resources; make do with what you’ve got.

"Don’t buy things just because you can use them—only buy what you can’t live without."

"Little waste means big savings."

"Living on less is a good thing!"

> Turn the lights off behind you; don’t waste anything.

> Patch it, sew it, fix it yourself; there’s no such thing as disposable.

"Use it up, wear it out, make it do, or do without."

"A stitch in time saves nine."

"Not everything has to match."

> Make everything you have go as far as it can.

> Treat food with respect.

"Take all you want, but eat all you take."

> When money is short, get used to doing things yourself.

"Don’t pay someone else to do something that you can do yourself."

> Always value function over form.

> Don’t just look at the moment; take the long view of things.

"Before purchasing anything, give it a thought, ‘Do I really need it?’"

> Bad things happen to good people; save your money whenever you can.

"It’s not about how much money you can make, but how much you can save."

> Forget the Joneses; you’re not impressing anyone.

"Being poor is the great equalizer."

> Enjoy the simple things in life.

"A weekly trip to the library is worth its weight in gold."

> Count on family first, then neighbors and friends, before everyone else.

> Cooperate and work together with family, neighbors, and friends.

> Any government that gives you what you want can take away everything you have.

> Simplicity, frugality, and cooperation—these are virtues to live by.

> Prioritize expenses; cover the basics first before anything else.

"Nobody ever starved or froze because they didn’t have a radio."

"Focus on your needs, not your wants."

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