The way to wealth – some timeless advice

Dienstag, Juli 27, 2010

The principles of building yourself a sound financial basis and living a responsible lifestyle haven’t changed much over the centuries. Thus wrote Benjamin Franklin, founding father of the United States of America, 260 years ago:

  • if you would be wealthy, think of saving as well as getting
  • there are no gains without pains
  • beware of little expenses – a small leak will sink a great ship
  • he that goes a borrowing goes a sorrowing
  • Taxes are indeed very heavy but we are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly.
  • pride breakfasted with plenty, dined with poverty, and supped with infamy.
  • think what you do when you run in debt; you give to another power over your liberty
  • If you would have a faithful servant, serve yourself.
  • Great estates may venture more, but little boats should keep near shore.
  • For age and want, save while you may; no morning sun lasts a whole day.

Benjamin Franklin, The Way to Wealth

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