A Clever Money Hack Created by Benjamin Franklin

Setting a budget, creating an emergency savings account, using index funds, planning for retirement, investing in real estate…


Because there’s so many starting points and ways to achieve financial freedom, it’s easy to get overwhelmed in the beginning.


But don’t let the fact that there’s a lot to learn stop you from getting started.


After all, we know how powerful being financially savvy can be.


Whether it’s to knock out debt or quit the 9 – 5 lifestyle, understanding personal finance can change your life.


So for today’s post, I wanted to share a daily principle with you.


The point of these posts are to give you a very simple concept, quote, or general way of thinking that can instantly improve your understanding of finance.


In this one, we’ll dive deep into a famous quote from Benjamin Franklin.


While Benjamin Franklin is known for a lot of things, it turns out he was actually a savvy investor, too.


And even though this quote is over two-hundred years old, it can still help us achieve financial freedom today.


Industry, perseverance, and frugality make fortune yield


Let’s break this quote down, word by word…




The first time you read this quote, the word “industry” might not make a lot of sense here.


That’s because the definition that comes to mind is a type of business, like the real estate industry.


But after reading the definition, it’s clear what Ben Franklin meant.


That’s because the word “industry” has other definitions, like:


1:  systematic work or labor.

2:  energetic, devoted activity at any work or task; diligence


So, in order to make fortune yield, Benjamin Franklin advises us to work systematically, energetically, and with diligence.




This one’s a little more obvious.


How many times have you had an amazing idea for an entrepreneurial project – but never got started?


Or maybe you got started, but let your doubts stop you early in the process.


Don’t feel bad, we’re all guilty of this.


But to make fortune yield, we must start our projects, and see them through.




When people think of frugality, they think of the ultimate cheapskate who never spends a dime.


But that’s not exactly what frugality is.


Instead, being frugal means being mindful of waste and small expenses.


At the same time, someone who’s frugal values saving more than any other potential purchase.


Another quote of Benjamin Franklin’s is “Beware of little expenses. A small leak will sink a great ship.”


This means that Ben Franklin is advising us to be aware of how dangerous constantly making small purchases can be.


Buying Starbuck’s every now and then isn’t a big deal, but spending 10 bucks a day on coffee ends up costing you almost 300 bucks at the end of the month.


Be mindful that these small expenses add up, and do your best to eliminate them to save more when possible.


Make Fortune Yield:


So what happens when you work hard, persevere, and spend frugally?


According to Ben Franklin, you make fortune yield.


In other words, following these basic principles are necessary to achieve financial freedom.


Do you think these basic principles can help you achieve financial freedom?  Or is there more to it?

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