With the 4th of July holiday approaching, it’s time to celebrate the founding of our great nation and the signing of the Declaration of Independence, which granted us the many freedoms we enjoy today.
Before you take in the patriotic glitz and glam of fireworks, parades, and all things red, white and blue, take a moment to reflect on a few words from the men who made it all possible, our Founding Fathers, and how their sage advice can relate to your personal finances.
Finance Advice From the Founding Fathers
“An investment in knowledge always pays the best interest.” – Benjamin Franklin
While these words from Benjamin Franklin can translate directly to education itself, the saying ‘knowledge is power’ also comes to mind. And when it comes to your personal finances, investing time, dedication, and other resources in order to know and fully understand your finances, along with the help of financial experts and others, will ultimately pay off in the long run.
“We cannot make events. Our business is wisely to improve them.” – Samuel Adams
Life is unpredictable and being prepared for unforeseen circumstances is crucial if you’re to survive those curveballs that life inevitably throws your way. For your personal finances, this means saving for these unfortunate, but unavoidable moments. Whether $10 or $100, stashing away whatever you can, will add up little by little – and you’ll be thankful you did when an unexpected event occurs.
“In the general course of human nature, a power over a man’s subsistence amounts to a power over his will.” – Alexander Hamilton
In the consumer-driven world that we live in today, many let money take hold of, and control, their lives. Ultimately, it’s up to you to determine whether money will rule over your life or not, but it’s never too late to seize control of your finances. Whether you’re just starting out or need to make a financial change in your life, strive to establish full power over your personal finances.