Search Smart Spending:

Browse by Tags

  • Personal-finance lessons from George Washington

    Posted Feb 12 2008, 08:01 AM by Karen Datko
    Rating:
    Money Blog: Smart Spending Blog - MSN Money

    This post comes from partner blog Blueprint for Financial Prosperity.

    He led our fair nation to freedom, and his face stares at us from the ubiquitous $1 bill. He's none other than George Washington, the first president of the United States.

    As one of our first elder statesmen, Washington left a wealth of memorable quotes, many of which apply to personal finance. He spoke much about integrity and character as well as discipline and service -- characteristics important in establishing a sound personal-finance life.

    Let's take a look at the following nine quotes:

    "Associate with men of good quality if you esteem your own reputation; for it is better to be alone than in bad company." With whom you spend your time affects how you behave, and that's certainly true when it comes to spending habits. If you want to save, hang out with frugal people. If you want to be financially savvy, hang out with financially savvy people. How many stories have you heard about people looking to save money but always going out to expensive restaurants and trendy bars with their friends? There are a lot of ways to have fun that cost very little. (Have a board-game night.) If you want to save up a few bucks, hang out with friends who appreciate not going out to expensive places. Don't fight the current; just find a more favorable current.   Read More...

    Discuss ( 15 comments) 27,341 Views Digg this | Email this | Link to this