Friday Franklin August 15th, 2008

August 15, 2008

Money!

I hope you have been enjoying the Friday Franklin series! It’s been really great looking up quotes from one of the most memorable of our founding fathers.

Today’s is the shortest one so far but if you understand it then you can so how you can make you money grow!

Time is money.
Benjamin Franklin

Those three words are so powerful and can mean different things.  For one, the power of compounding is one of the most powerful things you have going for you when building up wealth.  As your money earns interest that interest will earn interest and so on, and so on, and so on…

You can also take it to mean that when you are wasting time you are wasting money.  What do you do with your free time?  Is it working to earn you more money or towards wasting money?

How else can you take this quote?

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Creative Commons License photo credit: yomanimus

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