Financial Lessons From our Founding Fathers

"From a financial perspective, Thomas Jefferson was one giant cautionary tale. He spent too much, saved too little, and had no understanding of how to make money from agriculture... Jefferson was so destitute during one trip that he borrowed money from one of his slaves. Yet, despite his dismal economic abilities, Jefferson also kept meticulous financial records. Year after year, he dutifully logged his earnings and expenditures. The problem? He never balanced them. When Jefferson died, his estate was essentially liquidated to pay his creditors."

Check out the entire (fascinating) article here: Money Mag

------ [Photo cred: nostri-imago // Makes you miss the 4th already, huh?]