“What is a butterfly?
At best, He’s but a caterpillar dressed.
The gaudy fop’s his picture just, as Poor Richard says.
But what madness must it be to run in debt for these superfluities! We are offered, by the terms of this vendue (public auction), six months’ credit; and that perhaps has induced some of us to attend it, because we cannot spare the ready money, and hope now to be fine without it. But, ah, think what you do when you run in debt; you give to another power over your liberty. If you cannot pay at the time, you will be ashamed to see your creditor; you will be in fear when you speak to him, you will make poor pitiful sneaking excuses, and by degrees come to lose you veracity, and sink into base downright lying; for, as Poor Richard says, the second vice is lying, the first is running in debt. And again, to the same purpose, lying rides upon debt’s back…When you have got your bargain, you may, perhaps, think little of payment; but creditors, Poor Richard tells us, have better memories than debtors, and in another place says… the borrower is a slave to the lender, and the debtor to the creditor, disdain the chain, preserve your freedom; and maintain your independency: be industrious and free; be frugal and free. At present, perhaps, you may think yourself in thriving circumstances, and that you can bear a little extravagance without injury; but,
For age and want, save while you may;
No morning sun lasts a whole day.”
Danielle DiMartino Booth is CEO and Director of Intelligence at Quill Intelligence
For a full archive of my writing, please visit my website — www.DiMartinoBooth.com
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