Franklin the way to wealth. Ben Franklin, the Way to Wealth 2022-10-29
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Franklin's "The Way to Wealth" is a classic piece of American literature that offers practical advice on how to achieve financial success. Written by Benjamin Franklin in the 18th century, the essay presents a series of maxims that outline the key principles of personal finance and wealth-building.
At the heart of Franklin's essay is the idea that hard work and thrift are the keys to financial success. He writes, "Lost time is never found again; and what we call time enough always proves little enough: Let us then be up and doing." This emphasis on diligence and industry is a central theme of the essay, and Franklin encourages readers to work hard and to be frugal with their money in order to build wealth.
Another key principle that Franklin advocates for is the importance of setting financial goals. He writes, "A small leak will sink a great ship" and advises readers to be mindful of their spending habits and to save for the future. This emphasis on financial planning and goal-setting is a key component of personal finance, and it is something that is still relevant today.
In addition to the importance of hard work and financial planning, Franklin also emphasizes the value of education and learning. He writes, "An investment in knowledge always pays the best interest." By investing in their own education and learning new skills, individuals can increase their earning potential and build a strong foundation for financial success.
Overall, Franklin's "The Way to Wealth" is a timeless piece of advice that is still relevant today. Its emphasis on hard work, thrift, financial planning, and education can help anyone achieve financial success and build a secure future.
The Way to Wealth Summary
This pleasure I have seldom enjoyed; for tho' I have been, if I may say it without vanity, an eminent author of almanacs annually now a full quarter of a century, my brother authors in the same way, for what reason I know not, have ever been very sparing in their applauses; and no other author has taken the least notice of me, so that did not my writings produce me some solid pudding, the great deficiency of praise would have quite discouraged me. Then since, as he says, the borrower is a slave to the lender and the debtor to the creditor, disdain the chain, preserve your freedom; and maintain your independence: be industrious and free; be frugal and free. Hey, I understand that buying this course is an important decision. Additionally, this website may receive financial compensation from the companies mentioned through advertising, affiliate programs or otherwise. I will tell thee, my friend, what Poor Richard says, employ thy time well if thou meanest to gain leisure; and, since thou art not sure of a minute, throw not away an hour.
There are no gains, without pains, then help hands, for I have no lands, or if I have, they are smartly taxed. The gaudy fop's his picture just, as Poor Richard says. By these, and other extravagances, the genteel are reduced to poverty, and forced to borrow of those whom they formerly despised, but ploughman on his legs is higher than a gentleman on his knees, as Poor Richard says. If you cannot pay at the time, you will be ashamed to see your creditor; you will be in fear when you speak to him, you will make poor pitiful sneaking excuses, and by degrees come to lose you veracity, and sink into base downright lying; for, as Poor Richard says, the second vice is lying, the first is running in debt. As such, the farmer gives a kind of fast-and-furious greatest hits of aphorisms, tied together by the themes of Industry, Care, Frugality, and Knowledge. We are thankful for their contributions and encourage you to make yourown. And, as Poor Richard likewise observes, he that hath a trade hath an estate, and he that hath a calling hath an office of profit and honor; but then Related: If we are industrious we shall never starve; for, as Poor Richard says, at the working man's house hunger looks in, but dares not enter.
How much more than is necessary do we spend in sleep forgetting that the sleeping fox catches no poultry, and that there will be sleeping enough in the grave, as Poor Richard says. And in another place, pride breakfasted with plenty, dined with poverty, and supped with infamy. An editor will review the submission and either publish your submission or providefeedback. And after all, of what use is this pride of appearance, for which so much is risked, so much is suffered? We may make these times better if we bestir ourselves. While laziness travels so slowly, that poverty soon overtakes him, as we read in Poor Richard, who adds, drive thy business, let not that drive thee; and So what signifies wishing and hoping for better times? Great estates may venture more, but little boats should keep near shore.
Whereas industry gives comfort, and plenty, and respect: fly pleasures, and they'll follow you. For that reason, I've taken pains to provide as complete a version of The Way to Wealth as is available; however, I have added some paragraph breaks, title breaks, and minor punctuation and spelling changes to increase modern day readability. The artificial wants of mankind thus become more numerous than the natural; and, as Poor Dick says, for one poor person, there are a hundred indigent. The information offered by this web site is general education only. For this purpose, Franklin created Father Abraham, who liberally quotes from Poor Richard to a crowd waiting for an auction to begin.
The Way To Wealth : Benjamin Franklin : Free Download, Borrow, and Streaming : Internet Archive
You can help us out by revising, improving and updating thissection. Employ thy time well if thou meanest to gain leisure…since thou art not sure of a minute, throw not away an hour. These are not the necessaries of life; they can scarcely be called the conveniences, and yet only because they look pretty, how many want to have them. You call them goods, but if you do not take care, they will prove evils to some of you. Again, Poor Richard says, 'tis foolish to lay our money in a purchase of repentance; and yet this folly is practiced every day at venues, for want of minding the almanac. You call them goods; but, if you do not take care, they will prove evils to some of you.
We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly, and from these taxes the commissioners cannot ease or deliver us by allowing an abatement. At best he's but a caterpillar dressed. I love this article, and I hope you do too. When you have bought one fine thing you must buy ten more, that your appearance maybe all of a piece; but Poor Dick says, 'tis easier to suppress the first desire than to satisfy all that follow it, and 'tis as truly folly for the poor to ape the rich, as for the frog to swell, in order to equal the ox. Here you are all got together at this venue of fineries and knickknacks.
Get This Article Sent to Your Inbox as a PDF… Send Me This Article! It cannot promote health; or ease pain; it makes no increase of merit in the person, it creates envy, it hastens misfortune. Methinks I hear some of you say, must a man afford himself no leisure? Perhaps they have had a small estate left them, which they knew not the getting of; they think 'tis day, and will never be night; that a little to be spent out of so much, is not worth minding; a child and a fool, as Poor Richard says, imagine twenty shillings and twenty years can never be spent but, always taking out of the meal-tub, and never putting in, soon comes to the bottom; then, as Poor Dick says, when the well's dry, they know the worth of water. Many without labor would live by their wits only, but they break for want of stock. Knowledge Into Action: And now to conclude, we may give advice, but we cannot give conduct, as Poor Richard says: however, remember this, they that won't be counseled, can't be helped, as Poor Richard says: and farther, that if you will not hear reason, she'll surely rap your knuckles. The day comes round before you are aware, and Time will seem to have added wings to his heels as well as shoulders. What would you think of that Prince, or that government, who should issue an edict forbidding you to dress like a gentleman or a gentlewoman, on pain of imprisonment or servitude? Whereas, a freeborn Englishman ought not to be ashamed or afraid to see or speak to any man living.
This doctrine, my friends, is reason and wisdom; but after all, Gain may be temporary and uncertain, but ever while you live, expense is constant and certain; and 'tis easier to build two chimneys than to keep one in fuel. Visitors should thus verify the terms of any such offers prior to participating in them. And farther, if you would have a faithful servant, and one that you like, serve yourself. What though you have found no treasure, nor has any rich relation left you a legacy, diligence is the mother of good luck, as Poor Richard says, and God gives all things to industry. But dost thou love life then do not squander time for that's the stuff life is made of, as Poor Richard says.