I’m sure you have heard this famous quote from Benjamin Franklin at some point in your life. "A penny saved is a penny earned" means that little by little you will save money by not spending your money. This is a good foundation to begin with when you are trying to build wealth. Not spending money has the same result as earning money, so to save a penny is the same as earning a penny. The saying compares saving money to earning money one penny at a time. Remember this saying when you are tempted to spend your hard earned money on material things that will only provide temporary satisfaction at the sacrifice of wealth that can provide a lifetime of satisfaction.
Penny Fact
Do you ever pick up a penny you see on the street? How about a nickel? A dime? Did you know that a penny minted before 1982 is currently worth .02 in copper alone? This may sound insignificant, but, think about it this way $100 of pre-1982 pennies is worth $200, $1000 worth $2000, and so on.
1 comment:
It reminds me the days at Walgreens, I've never picked up a penny on the floor. Whenever I saw it, I ignored it. Then you gave me a lesson of this penny saving theory. Thank you for your mentoring, I wish I can learn more from you, inside or outside of Walgreens.
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