Future Planning

2 Quotes From Henry Ford and PT Barnum About Money

BY Due TIMEJuly 3, 2022 PRINT

Henry Ford

If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
— Henry Ford

All of us have uttered the phrase, “Once I have money, I will …” And I can’t fault you for it, it’s easy to do. But you can’t really hold out for independence with the thought of “when I have money, I’ll be independent,” it doesn’t work that way. Building up your intellectual resume is what will give you independence and security in life. Knowledge, whether it be continuing education or street smarts, is vital. Experience life, don’t let actions you take go in one ear and out the other, learn from them. The ability to learn from mistakes (they don’t have to be yours) and gaining experience in what you learn will give you stability and financial independence.

P.T. Barnum

Money is a terrible master but an excellent servant.
— P.T. Barnum

“Whoever has the gold makes the rules” comes to my mind as I read this quote. People have always ruled over other people in one way or another, but money being a master has become a frighteningly frequent trend. Being ruled by debt is a scary place to be in, having been in some sort of debt for much of my life, I would know.

But we can’t let money rule over us, that just leaves us down, depressed, and unable to complete the tasks at hand. That doesn’t mean you should run out and buy everything you see—frugality is still the best policy, but don’t let your entire self-definition be related to the debt you’ve incurred.

Let money be your servant. Think of ways to work (slowly but surely) toward the light at the end of that debt tunnel. Make a plan, and follow it. Money can work for everyone. Make money your bi…servant!

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The Epoch Times Copyright © 2022 The views and opinions expressed are only those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.

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