Subject: Benjamin Franklin’s Forgotten Wealth Secrets

Subject: Benjamin Franklin’s Forgotten Wealth Secrets

Benjamin Franklin was America’s first millionaire, a world-class entrepreneur, and he also left us a great deal of personal wisdom and advice in his many writings.

Some of his best advice is financial.

Now, you may have heard this one before: “A penny saved is a penny earned.”

What you may not know is Franklin’s most famous personal finance quote isn’t actually quite accurate.

See, when you consider most people figure their earnings prior to taxes, a penny saved is actually worth MORE than a penny earned.

Why?

Because taxes reduce your actual take home pay. If you earn $50 an hour, you will likely only see around $37.50 after taxes.

So, if you can cut your expenses by $50, it actually results in saving more than 1 hour’s worth of your take home wage.

What’s the lesson here?

Saving money is the number one key to building wealth and becoming financially successful.

Speaking of saving money, our friends at The Ultimate Game of Life have put together a cheat sheet called “100 Ways to Save $1,000 – $2,500 a Month”.

It’s a great resource, I highly recommend you go grab your copy, and check out their upcoming 24 Hour Wealth Challenge:
https://ultimategame.infusionsoft.com/go/24hour/myparty/

For the last 10 years, they’ve coached over 10,000 clients and tracked their long term performance… peering into their lives and looking at their finances.

Their research reveals something interesting…

Most people mistakenly think the best way to create wealth, is to earn more cash.

Hmm… What do you think good ‘ole Benjamin would say?

Well, here’s a few more of Franklin’s forgotten wealth secrets to drive the point home:
Beware of little expenses; a small leak will sink a great ship
Think of saving as well as of getting: the Indies have not made Spain rich, because her outgoes are greater than her incomes
Gain may be temporary and uncertain, but ever while you live, expense is constant and certain
When you run into debt; you give to another power over your liberty
Rather go to bed without dinner than to rise in debt.

Franklin understood the insidious nature of debt, and firmly believed it’s better to slash expenses to an extreme level rather than to incur debt in order to afford a lifestyle well beyond our means.

The lesson: Don’t live beyond your means, and get out of debt as quickly as possible.

Join me for this upcoming 24 Hour Wealth Challenge where you’ll get to participate in a FUN, interactive environment with other players to see how much we can cut our expenses in just 24 hours.

You know? The last time they ran this game, a handful of players collectively cut $110,071.31 from their expenses…

How much will YOU save in 1 day?
https://ultimategame.infusionsoft.com/go/24hour/myparty/

Susan Nelson

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