Benjamin Franklin’s “The Way to Wealth”

I was reading this the other day and found that our society is forgetting so much about its “Exceptionalism” and part of it is in what Franklin is preaching below! Do you know what I mean?

“The Way to Wealth” (1758)

“Friends,” says he [Father Abraham], “and Neighbours, the Taxes are indeed very heavy, and if those laid on by the Government were the only Ones we had to pay, we might more easily discharge them; but we have many others, and much more grievous to some of us. 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. However let us hearken to good Advice, and something may be done for us; God helps them that help themselves, as Poor Richard says, in his Almanack of 1733.

“It would be thought a hard Government that should tax its People one-tenth Part of their Time, to be employed in its Service. But Idleness taxes many of us much more, if we reckon all that is spent in absolute Sloth, or doing of nothing, with that which is spent in idle Employments or Amusements, that amount to nothing. Sloth, by bringing on Diseases, absolutely shortens Life. Sloth, like Rust, consumes faster than Labour wears; while the used Key is always bright, as Poor Richard says. But dost thou love Life, then do not squander Time, for that’s the stuff Life is made of, as Poor Richard says. 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.

“Time be of all Things the most precious, wasting Time must be, as Poor Richard says, the greatest Prodigality; since, as he elsewhere tells us, Lost Time is never found again; and what we call Time enough, always proves little enough: Let us then up and be doing, and doing to the Purpose; so by Diligence shall we do more with less Perplexity. Sloth makes all Things difficult, but Industry all easy, as Poor Richard says; and He that riseth late must trot all Day, and shall scarce overtake his Business at Night; 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 Early to Bed, and early to rise, makes a Man healthy, wealthy, and wise.

“So what signifies wishing and hoping for better Times. We may make these Times better, if we bestir ourselves. Industry need not wish, as Poor Richard says, and he that lives upon Hope will die fasting. There are no Gains without Pains; then Help Hands, for I have no Lands, or if I have, they are smartly taxed. 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 Honour; but then the Trade must be worked at, and the Calling well followed, or neither the Estate nor the Office will enable us to pay our Taxes. 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. Nor will the Bailiff or the Constable enter, for Industry pays Debts, while Despair encreaseth them, says Poor Richard. 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. Then plough deep, while Sluggards sleep, and you shall have Corn to sell and to keep, says Poor Dick. Work while it is called To-day, for you know not how much you may be hindered To-morrow, which makes Poor Richard say, One to-day is worth two To-morrows, and farther, Have you somewhat to do To-morrow, do it To-day. If you were a Servant, would you not be ashamed that a good Master should catch you idle? Are you then your own Master, be ashamed to catch yourself idle, as Poor Dick says. When there is so much to be done for yourself, your Family, your Country, and your gracious King, be up by Peep of Day; Let not the Sun look down and say, Inglorious here he lies. Handle your Tools without Mittens; remember that The Cat in Gloves catches no Mice, as Poor Richard says. ’Tis true there is much to be done, and perhaps you are weak-handed, but stick to it steadily; and you will see great Effects, for Constant Dropping wears away Stones, and by Diligence and Patience the Mouse ate in two the Cable; and Little Strokes fell great Oaks, as Poor Richard says in his Almanack, the Year I cannot just now remember.”

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2 Responses to Benjamin Franklin’s “The Way to Wealth”

  1. Excellent little book. I have a copy in my library. Applewood books has done an excellent job of keeping some of these little classics in circulation:

    http://www.awb.com/catalog/default.php?cPath=1040
    osCsid=61b60e3203d2cfc635f3ca3037707db4

  2. Michael Schack says:

    One of the things I enjoy most about reading any biography on Ben Franklin is how he succeeded and never followed any of poor Richard’s advice.

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