He that pays ready money escapes, or may escape, that charge.
" A penny saved is two pence clear;
A pin a day's a groat a year."
WRITTEN IN THE YEAR 1748
To MY FRIEND, A. B. : As you have desired it of me, I write the following hints, which have been of service to me, and may, if observed, be so to you.
Remember that time is money. He that can earn ten shillings a day by his labor and goes abroad or sits idle one-half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense ; he has really spent, or rather thrown away, five shillings besides.
Remember that credit is money. If a man lets his money lie in my hands after it is due, he gives me the interest, or so much as I can make of it during that time. This amounts to a considerable sum where a man has good and large credit and makes good use of it.
Remember that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six; turned again it is seven and threepence, and so on till it becomes a hundred pounds. The more there is of it the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding sow destroys all her offspring to the thousandth generation. He that murders a crown destroys all that might have produced even scores of pounds.