I don't know how to tell her I didn't get that raise in pay today.
And I know how much she wanted the dress in Baker's window,
And it breaks my heart to see her have to wait.
And cancel all the plans she made to celebrate.
But I can count on her to take it with a smile and not a frown.

She knows that life has it's little ups and downs,
Like ponies on a merry-go-round.
And no one grabs the brass ring everytime,
But she don't mind.
She wears a gold ring on her finger,
And I'm so glad that it's mine.

The new house plans we've had so long,
I guess will gather dust another year.
And the daffodils are bloomin' that she planted way last fall
Up on the hill, over by the gate.
Lord knows I hate to say again, we'll have to wait.
But you can bet she'll just take it with a smile and not a frown.

She knows that life has it's little ups and downs,
Like ponies on a merry-go-round.
And no one grabs the brass ring everytime,
But she don't mind.
She wears a gold ring on her finger,
And I'm so glad that it's mine.
She wears a gold ring on her finger,
And I'm so glad that it's mine.