Live within your means, never be in debt, and by…

Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man’s surety. If your friend is in distress, aid him if you have the means to spare. If he fails to be able to return it, it is only so much lost.

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Andrew Jackson, Letter to his ward Andrew Jackson Hutchings (April 18, 1833)

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