Financial advice from American Presidents

To contract new debts is not the way to pay old ones.

George Washington

He emphasized the importance of strength through financial stability. And we should refrain from frivolous spending until our personal finances are on solid ground.

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

Rutherford B. Hayes

Credit card debts and student loans are something many Americans struggle with. Paying down debts should be a top financial priority especially ones with higher interest rates.

Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.

John Quincy Adams

Saving for our financial future is a long-term goal. With diversified assets in your portfolio, that way you can weather financial storms like market volatility and recession.

The circulation of confidence is better than the circulation of money.

James Madison

A fluctuation in the market can lead investors to panic and make poor decisions. When you’re investing, you have to play the long game, and maintaining your confidence is the key to success.

Things do not happen. Things are made to happen.

John F Kennedy

Set your financial goals for your money and achieve them. You control your destiny. A few sacrifices today will move you closer to achieving financial health.