I found an article that included financial advice from those that established our country. I thought they were great and worth sharing. Here you go, in Red, White, and Blue:
Benjamin Franklin ~ Founding Brother
"Remember that Money is of a prolific generating Nature. Money can beget Money and its Offspring can beget more, and so on. Five Shillings turn'd, is Six: Turn'd again, 'tis Seven and Three Pence; and so on 'til it becomes an Hundred Pound. The more there is of it, the more it produces every Turning, so that the Profits rise quicker and quicker."
Thomas Jefferson ~ Founding Brother and 3rd President of the United States of America
"But I know nothing more important to inculcate into the minds of young people than the wisdom, the honor, and the blessed comfort of living within their income, to calculate in good time how much less pain will cost them the plainest stile of living which keeps them out of debt, than after a few years of splendor above their income, to have their property taken away for debt when they have a family growing up to maintain and provide for."
John Adams ~ Founding Brother and 2nd President of the United States of America
"All the perplexities, confusion and distress in America arise not from the defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation."
1 comments:
Wow, that is amazing! We, as individuals, and as a nation, can still learn from these wise men. It's as if they wrote those words for today.
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