Philadelphia, PA (PRWEB) December 27, 2013
Debt Consolidation USA believes that some US Presidents were not only good at leading the nation, they would also have made great careers as financial advisers. Last December 20, 2013, the debt relief website published the article entitled “3 US Presidents That Would Have Made Good Financial Gurus.” These gurus, as defined by the article are people who have followers and are known to be very knowledgeable of a particular subject.
According to the article, there are three US Presidents that have given great advice when it comes to finances.
The first President that was discussed was George Washington. This particular politician believed that credit is okay as long as it is used wisely. He understands that it is necessary but it can rob consumers from future income. While he believes that it is important, he also advised that consumers be wary of using credit to pay for another debt.
The other US President is Abraham Lincoln. The article mentions that he believes in the value of hard work. In fact, he is known for educating himself. This President advises people that if others can be rich, then everyone has the ability to be wealthy too. He believes that consumers should not rely on someone else to make their dreams come true.
The third and last President to give great financial advice is Thomas Jefferson. In a letter to George Washington, he said that “delay is preferable to error.” This can be applied to the principle of financial planning. It is okay to delay as long as the consumer is sure that their decision is based on adequate planning. He also gave the advice of not spending a money when they do not have it yet. That particular advice, according to the article, is a jab at debt. Credit, after all, is someone else’s money that is spent by the consumer so they can enjoy a product or service before they can really afford it.
While the US Presidents can give great financial advice, there are also other financial gurus that consumers can get sound advice from. However, the article warns consumers to be bit cautious in implementing financial advice. They should learn how to filter what advice can or cannot be applied in their lives.
To read the whole article, click on this link: http://www.debtconsolidationusa.com/personal-finance/3-us-presidents-that-would-have-made-good-financial-gurus.html.
Debt Consolidation USA is a debt relief website that contains hundreds of financial advice on debt and debt relief. Visit the site to know more about managing personal finances.