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If you can't pay for a thing, don't buy it. If you can't get paid for it, don't sell it. Do this, and you will have calm and drowsy nights, with all of the good business you have now and none of the bad. If you have time, don't wait for time.
Benjamin Franklin
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Interpretation

What this quote means

Make mindful financial decisions and value your time wisely.

Benjamin Franklin's quote emphasizes the importance of financial responsibility and effective time management. It advises individuals to only engage in transactions they can afford and to take action without delay, which leads to a more peaceful life as one focuses on good business practices while avoiding unnecessary stress.

Themes

Financial ResponsibilityTime ManagementBusiness EthicsPeace Of Mind

In practice

Example use cases

During a financial workshop to promote responsible spending.

More from Benjamin Franklin

To the generous mind the heaviest debt is that of gratitude, when it is not in our power to repay it.
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He'll cheat without scruple, who can without fear.
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[E]very Man who comes among us, and takes up a piece of Land, becomes a Citizen, and by our Constitution has a Voice in Elections, and a share in the Government of the Country.
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Our Constitution is in actual operation; everything appears to promise that it will last; but in this world nothing is certain but death and taxes.
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Let honesty and industry be thy constant companions, and spend one penny less than thy clear gains; then shall thy pocket begin to thrive; creditors will not insult, nor want oppress, nor hungerness bite, nor nakedness freeze thee
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I think that a young state, like a young virgin, should modestly stay at home, and wait the application of suitors for an alliance with her; and not run about offering her amity to all the world; and hazarding their refusal. Our virgin is a jolly one; and tho at present not very rich, will in time be a great fortune, and where she has a favorable predisposition, it seems to me well worth cultivating.
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