Tag: financial wisdom

August 21, 2024 Off

The American Dreamer’s Guide to Financial Freedom: Lessons from Benjamin Franklin

By The Admiral Staff

Benjamin Franklin, a Founding Father and one of America’s wealthiest figures, offered timeless financial advice still relevant today. Key takeaways include the importance of preparing for the unexpected (“By failing to prepare, you are preparing to fail”), appreciating the value of money through experience (“If you would know the value of money, try to borrow some”), and avoiding lifestyle inflation (“Our necessities never equal our wants”). Other principles emphasize saving diligently (“A penny saved is a penny earned”), valuing time (“Remember that time is