Benjamin Franklin’s Letter To An Ambitious Tradesman

While on my Benjamin Franklin kick, I came across this old letter that the founding father, inventor, philosopher, and investor had written to a young, ambitious tradesman. Thought you might enjoy.

To my Friend A. B.:

As you have desired it of me, I write the following hints, which have been of Service to me, and may, if observed, be so to you.

Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent or rather thrown away five shillings besides.

Remember that credit is money. If a man lets his money lie in my hands after it is due, he gives me the interest, or so much as I can make

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