One of the Most Important Person in U.S. History Left One of the Best Money Advice 200 Years Ago.

How small money habits can result in big consequences.

Photo by Ashford Marx on Unsplash

In the 1700s, that is, more than 200 years ago, Benjamin Franklin warned: “Beware of little expenses — a small leak will sink a great ship.”

A small leak can sink a great ship.

Henry Ford once said, “You don’t get rich on what you earn, you get rich on what you don’t spend.”

In this post, I want to give an example of how a small daily financial habit can have a powerful impact on future financial wealth.

But first, let me tell you a story that I saw happening to my friend as well.

One of the things I like about my job is the contact with other people. I observe what my colleagues are doing and how their decisions affect their finances.

Here is an example of how a seemingly dumb decision is costing one of my colleagues a few thousand dollars a year.

My co-worker has a girlfriend. They both work in the same city. Both have flexible work schedules. Their offices are only a few minute’s walks away from each other.

At the moment, my co-worker lives together with his girlfriend. They have an…