The good paymaster is lord of another man's purse.
Meaning
From the same 1748 essay, Franklin notes that someone who always repays promptly can borrow whenever the need arises. Reliability gives you options others lack. If you run a small business or freelance, paying vendors on the agreed date builds goodwill you can lean on during a tight month.
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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