Once upon a time there lived a young farmer. He worked very hard, but was very poor. One day, when he was far from home in the forest, an old woman looking like a farmer came up to him and said, “I know you work very hard, and all for nothing. I shall give you a magic ring. It will make you rich, and your work won't be in vain. When you turn the ring on your finger and say what you wish to have, you'll have it once. But there is only one wish in the ring, so think carefully before you wish.”
    The astonished farmer took the ring given by the farmer woman and went home.
    In the evening he came to a big city. There he went to a merchant and showed him the magic ring.
    When the merchant heard the astonishing story, he thought of a plan. He invited the farmer to stay in his house for the night. At night he came up to the sleeping farmer, took the ring carefully off the man's finger, and put on it another ring, which looked exactly like the one he had taken off.
    In the morning, after the farmer had gone away, the merchant ran into his shop, shut the door, and said, turning the ring on his finger, “I wish to have a hundred thousand pieces of gold.” And down they came, on his head, shoulders and arms, like a rain of gold. The frightened merchant tried to get out of the shop, in vain. In a few minutes he was dead.
    When the farmer returned home, he showed the ring to his wife. “Take a look at this ring,” he said. “It's a magic ring. It will make us happy.”
    The astonished woman could hardly say a word. “Let's try. Maybe the ring will bring us more land,” she said at last.
    “We must be careful about our wish. Don't forget there's only one thing that we may ask for,” he explained. “We'd better work hard for another year, and we'll have more land.”
    So they worked as hard as they could, and got enough money to buy the land they wished to have.
    Then the farmer's wife thought of asking for a cow and a horse. They discussed the matter more than once. “My good wife,” said the farmer. “We shall get a horse and a cow without the ring.” They went on working hard for a whole year, and again bought the things they wished to have.
    “What happy people we are!” said the farmer.
    “I don't understand you,” answered his wife angrily. “There's nothing in the world that we can't have, and still we spend days and nights working as hard as before, because you don't want to use your magic ring.”
    “Stop talking about that ring,” answered the farmer. “We are young and strong. Let's better wait till we are old. Then we may really need our magic ring.”
    Thirty, then forty years had gone by. The farmer and his wife had grown old. Their hair became as white as snow. They were happy and had every thing they wanted. Their ring was still there. Although it was not a magic ring, it had made them happy.