Remember, that credit is money.
Meaning
Franklin's 1748 advice to young tradesmen treats a reputation for paying on time as working capital, since lenders and suppliers extend terms to people they trust. Apply it by settling invoices and keeping small promises to clients promptly, because that reliability is what later earns you flexibility.
Source: Advice to a Young Tradesman, Written by an Old One (1748)
About the author
(1706–1790) was one of the Founding Fathers of the United States, known for his contributions as a writer, inventor, scientist, and diplomat. He played a crucial role in drafting the Declaration of Independence and securing French support during the American Revolution. Franklin’s scientific experiments, particularly with electricity, earned him international recognition. He also invented practical devices such as bifocal glasses and the lightning rod. His writings, including "Poor Richard’s Almanack," are filled with wisdom and practical advice. Benjamin Franklin’s legacy embodies curiosity, innovation, and civic responsibility, making him one of history’s most versatile and influential figures.
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