American history produced a wide array of colorful characters.
Among the Founding Fathers, none are quite so colorful, witty and easily quotable as Benjamin Franklin.
His story is one of the earliest examples of the American Dream.
A lot of Benjamin Franklin-inspired money advice is still applicable today.
He had a gift for words that few could match.
And when it came to finance, he definitely knew what he was doing.
Both of them became some of the biggest sellers in the American colonies, making Benjamin Franklin fabulously rich.
Benjamin Franklin-Inspired Money Advice You Should Listen To
His advice helped lead the 13 colonies to revolution.
It can also help you revolutionize how you make and save money.
By failing to prepare, you are preparing to fail.
No harm came from a little extra preparation.
Keeping money aside for emergencies or unpredictable events is always a good idea.
There are a variety of budgeting strategies to help you keep that in mind.
To make use of another Franklin quote, an ounce of prevention is worth a pound of cure.
If you would know the value of money, attempt to borrow some.
Its all too easy to fall into a credit card debt trap.
Nothing can make you appreciate the value of money when you owe a lot of it.
If you are in a debt trap, you canstart paying it off effectivelyright now.
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Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Our necessities never equal our wants.
We all have our guilty pleasures and weaknesses.
Franklin understood this better than most.
That helped create the portrait of the eccentric we know him as today.
A penny saved is a penny earned.
Interestingly enough, the quote as we remember it isnt how Franklin said it.
The phrase most people use does roll off the tongue quite nicely.
However he said it, the lesson is straightforward enough.
Even the smallest savings add up over time.
You may have to get creative, but you’re free to save inalmost every aspect of life.
Franklin understood this and helped millions do so with one of his most famous inventions,the Franklin Stove.
Ah ,the catchphrase of every cartoonishly evil businessman.
However, it has a prudent lesson for those of us not looking to live like Ebenezer Scrooge.
Time is a resource for all of us.
In a day, theres only so much time to get what we want done.
Time management is a useful skill for anyone, but it isessential for freelancers and entrepreneurs.
Franklin knew this all too well, as he started out as a freelancer.
Beware of little expenses.
A small leak can sink a great ship.
Think of this as a companion or inverse to the lesson of a penny saved is a penny earned.
Little problems can become big problems, and even the smallest expenses can add up.
Franklin ran a whistle-clean operation, making the mail fast, efficient and profitable.
He eventually set up the model for the United States modern day post service.
He that waits upon fortune is never sure of dinner.
Lots of people have big dreams and ambitions.
Goals motivate us, but sometimes people become lost in their dreams.
Managing goals into smaller stepsis one way to start building up to bigger things.
Many of Franklins early ambitions did not work out.
He originally wanted to sail, but his father prevented him from doing so.
His brother stopped his first venture as a writer.
Still, he achieved his goal of financial independence when he moved to Philadelphia.
He does not possess wealth that allows it to possess him.
Franklin felt strongly about balancing aspects in your life, and that included the pursuit of wealth.
From this regimen I feel no inconvenience whatever.
Learning toavoid get-rich-quick schemes and other scamscan save you in the long run.
Benjamin Franklin-inspired money advice led to countless American success stories throughout the years.
His advice, much like his contributions to American history, have passed the test of time.
He has also self-published a handful of novels.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…