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“Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin
I love this quote, as it reminds everyone that small things and seemingly insignificant financial behaviour, habits, and practices can impact your financial life. Your seemingly small expenses can potentially add up and over time grow into large amounts. “Small leak” refers to something minor, and trivial but if not managed well can create loopholes in your pockets that can undermine long-term growth and stability. undermining long-term financial stability.
The vigilance and discipline of managing finances are emphasized here. The wisdom in this quote is that you need to pay proactive attention to detail in the way you manage your resources avoiding and minimizing unnecessary costs irrespective of how small they may be.
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