I’ve always loved the folksy home spun wisdom found in Poor Richard’s Almanac.

Specifically, I remember Ben Franklin, that great old sage, talking about how to create economic security for oneself. He notes there are two ways to accomplish this. The first is to earn more money and the second is to spend less money. The best way, however, to achieve financial prosperity is to focus on doing both of these things at the same time. Profoundly simple common sense that today is not very common.

In a world where people spend money first, often times borrowed funds, and worry about paying it later, the idea of not taking your milk money to the roulette wheel is not entirely fashionable. When we look to Washington for partisan or bipartisan leadership, you find that both sides argue for a scenario that will force the squandering of some money either from increased revenue that will not be accounted for through vigilant accountability or spending cuts that may not be properly made. The best we can all do individually is to remember the sage wisdom of earn more money and spend less.

Set yourself up for financial prosperity by saving first and you’ll never regret the peace of mind that comes from knowing you’ve established these priorities and held dear to them as a sacred trust.

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