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#62 The Autobiography of Benjamin Franklin
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How to Make the Benefit of Books More Common
Ben Franklin started a public subscription library in Philadelphia. He paid 40 shillings for each book, with promissory notes to pay double the value if it was returned. The libraries were augmented by donations and reading became fashionable. This is what frugality avoids. Keep your expenses low for the tyranny of compounding costs can devastate the miracle of compounding returns.
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