Benjamin Franklin On Debt

Here is Benjamin Franklin on debt as a handcuff.

For debt ties you down.

Conversely, while debt is restrictive, cash gives you space to maneuver.

And it does not matter if we are talking about business, sports, careers, or war — having space to maneuver is invaluable.

Space to move without restriction — is freedom.

Beware: We have to constantly ask what we are after, or if we are simply moving the goal.

“Think what you do when you run in debt: you give another power over your liberty. If you cannot pay at the time, you will be ashamed to see your creditor; you will be in fear when you speak to him; you will make poor, sneaking excuses, and by degrees come to lose your honesty and sink into base lying.”

-Benjamin Franklin, The Way To Wealth


Originally published at Sterling Terrell.