Reader OldVet has betrayed us here at Angry Bear by spending some time at other blogs… Apparently he’s inspired Cassandra Does Tokyo to update Benjamin Franklin’s aphorisms for the modern era:
A penny saved is a penny burned.
A bird in hand is worth I don’t know how many in the bush.
Never invest your money in anything that eats or needs repairing.
Always spend your money before you have it.
There’s no such thing a free lunch (unless you;ve borrowed to buy it.
Money grows on trees (and in the ground!)
Genius is one percent inspiration and 99 percent leverage.
He who can, does; he who cannot, borrows.
The buck starts depreciating here.
It not what you pay a man, but when and in what currency you pay him that counts.
A fool and his money are easily parted when a bank is involved.
Nothing is certain but death taxes (and inflation).
Give a man a fish, he eats for a day; Teach a man to fish, he eats always. Teach a man to borrow in order to buy assets and he’ll be richer than Croesus.
Buy what thou hast no need of, else it will cost twice as much tomorrow.
When in doubt, leverage to buy assets.