[Verse 1]
I don't know how to tell her
That 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

[Pre-Chorus]
But I can count on her to take it with a smile and not a frown

[Chorus]
She knows that life has its little ups and downs
Like ponies on a merry-go-round
And no one grabs the brass ring every time
But she don't mind
She wears a gold ring on her finger
And it's mine

[Verse 2]
The new house plans we've had so long
I guess will gather dust another year
And the daffodils are blooming that she planted way last fall
Up on the hill and over by the gate
And Lord knows I hate to say again we'll have to wait

[Pre-Chorus]
But you can bet that she'll just take it with a smile and not a frown
[Chorus]
'Cause she knows that life has its little ups and downs
Like ponies on a merry-go-round
And no one grabs the brass ring every time
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