Benjamin Franklin: Running in Debt
on Wednesday, December 2, 2020Benjamin Franklin Money Quote saying the primary sin is being in debt while the secondary is to lie. Benjamin Franklin said:
“The second vice is lying, the first is running in debt” — Benjamin Franklin
Share the Benjamin Franklin Money quote image above on your site:
Short Link to this Quote:
In this quote, Benjamin Franklin is ranking lying and running into debt as the two worst vices or moral failings. He considers running into debt to be the “first” or worst vice, implying it is more problematic than lying. Franklin seems to be saying that accumulating debt through spending beyond one’s means is ill-advised and can easily lead to other issues.
Lying, which he calls the “second” vice, is still considered bad by Franklin but not quite as detrimental as being in debt. Overall, Franklin is warning about the dangers of both lying and running into debt, saying that these behaviors should generally be avoided as they can cause financial and ethical problems.
Birthday: January 17, 1706 – Death: April 17, 1790