Thomas Jefferson: Earn First, Then Spend
on Friday, April 13, 2018Thomas Jefferson Money Quote saying With expectations of money comes the urge to spend before cash is received. Wait until money is in hand. Thomas Jefferson said:
“Never spend your money before you have earned it” — Thomas Jefferson
Share the Thomas Jefferson Money quote image above on your site:
Short Link to this Quote:
This quote from Thomas Jefferson advises against taking on financial obligations like debt before having the income to support them. He seems to be encouraging people to live within or below their means by only spending money they’ve already earned through work, investments or other revenue sources.
The implication is that spending in advance of earning sets one up for potential money problems down the road if expenses aren’t covered by present or future cash flow.
Overall, the quote suggests it’s prudent to avoid debt or other long-term financial commitments unless and until sufficient funds have been accumulated, as a way to help maintain fiscal responsibility and stability over time.
Birthday: April 13, 1743 – Death: July 4, 1826