The Way to Wealth - Benjamin Franklin

Introduction

Our age is one of distraction and dissipation. Never before have the virtues of Benjamin Franklin been more relevant. As Franklin says, "What maintains one vice would bring up two children." The modern youth has inverted the maxim: what brings up two children she gladly offers for one vice. She will not deny herself for posterity, but will deny posterity for the sake of amusement.

As Neil Postman famously diagnosed, we are Amusing Ourselves to Death. With the average screen time approaching 8 hours a day, our tombstones may read "Here lies another 21st century man: he spent a third of his time sleeping, a third working, and a third hypnotized before the screen."

Yet, the sun shines today also. Our ancestors fought to liberate themselves from political oppression and now we are taking arms against technological oppression. Man's arms were not made for chains and our eyes were not designed for screens.

Archimedia was conceived for this next great act in human history. To reconcile man's overwhelming technological capacity with his spiritual suffering. To resurrect the wisdom of the ages in a form accessible to the digital man. Here is our first pamphlet. Short enough for the modern attention span yet profound enough to remind us of our potential.

— Frazier W.P. Thomas Jr.

Courteous Reader,

I have heard that nothing gives an author so great pleasure, as to find his works respectfully quoted by others. Judge, then, how much I must have been gratified by an incident I am going to relate to you.

I stopped my horse, lately, where a great number of people were collected at an auction of merchants' goods. The hour of the sale not being come, they were conversing on the badness of the times; and one of the company called to a plain, clean, old man, with white locks, "Pray, Father Abraham, what think you of the times? Will not those heavy taxes quite ruin the country! How shall we be ever able to pay them? What would you advise us to?"

Father Abraham stood up, and replied, "If you would have my advice, I will give it you in short; for a word to the wise is enough, as Poor Richard says." They joined in desiring him to speak his mind, and, gathering round him, he proceeded as follows:

"Friends," says he, "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."

God helps them that help themselves

On Industry

"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; sloth, by bringing on diseases, absolutely shortens life."

Sloth, like rust, consumes faster than labour wears, while the used key is always bright

Dost thou love life? Then do not squander time, for that is the stuff life is made of

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."

If time be of all things the most precious, wasting time must be the greatest prodigality

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

"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."

Drive thy business, let not that drive thee

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, and he that lives upon hope will die fasting

There are no gains without pains

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.

At the working man's house hunger looks in, but dares not enter

Industry pays debts, while despair increaseth them

Diligence is the mother of good luck, and God gives all things to industry

Plow deep, while sluggards sleep, and you shall have corn to sell and to keep

One to-day is worth two to-morrows

Never leave that till to-morrow, which you can do 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, when there is so much to be done for yourself, your family, your country, and your king.

The cat in gloves catches no mice

Constant dropping wears away stones; and by diligence and patience the mouse ate in two the cable; and little strokes fell great oaks

"Methinks I hear some of you say, 'Must a man afford himself no leisure?' 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."

Leisure is time for doing something useful; this leisure the diligent man will obtain, but the lazy man never; for "A life of leisure and a life of laziness are two things."

Fly pleasures and they will follow you

On Diligence

"But with our industry we must likewise be steady, settled, and careful, and oversee our own affairs with our own eyes, and not trust too much to others."

I never saw an oft-removed tree, Nor yet an oft-removed family, That throve so well as those that settled be.

Three removes are as bad as a fire

Keep thy shop, and thy shop will keep thee

If you would have your business done, go; if not, send

He that by the plow would thrive, Himself must either hold or drive.

The eye of a master will do more work than both his hands

Want of care does us more damage than want of knowledge

Not to oversee workmen, is to leave them your purse open

Trusting too much to others' care is the ruin of many; for "In the affairs of this world, men are saved, not by faith, but by the want of it."

If you would have a faithful servant, and one that you like—serve yourself

"A little neglect may breed great mischief..."

For want of a nail the shoe was lost; for want of a shoe the horse was lost; and for want of a horse the rider was lost

...being overtaken and slain by the enemy; all for want of a little care about a horse-shoe nail.

III

On Frugality

"So much for industry, my friends, and attention to one's own business; but to these we must add frugality, if we would make our industry more certainly successful."

A man may if he knows not how to save as he gets, "keep his nose all his life to the grindstone, and die not worth a groat at last."

A fat kitchen makes a lean will

Many estates are spent in the getting, Since women for tea forsook spinning and knitting, And men for punch forsook hewing and splitting.

If you would be wealthy, think of saving, as well as of getting

"The Indies have not made Spain rich, because her out-goes are greater than her incomes."

Women and wine, game and deceit, Make the wealth small, and the want great.

What maintains one vice, would bring up two children

You may think perhaps, that a little tea, or a little punch now and then, diet a little more costly, clothes a little finer, and a little entertainment now and then, can be no great matter; but remember, "Many a little makes a mickle."

Beware of little expenses; a small leak will sink a great ship

Who dainties love shall beggars prove

Fools make feasts, and wise men eat them

Buy what thou hast no need of, and ere long thou shalt sell thy necessaries

At a great pennyworth pause a while

He means, that perhaps the cheapness is apparent only, and not real; or the bargain, by straitening thee in thy business, may do thee more harm than good.

Many have been ruined by buying good pennyworths

It is foolish to lay out money in a purchase of repentance

Many a one, for the sake of finery on the back, have gone with a hungry belly, and half starved their families.

Silks and satins, scarlet and velvets, put out the kitchen fire

By these, and other extravagancies, the genteel are reduced to poverty, and forced to borrow of those whom they formerly despised, but who, through industry and frugality, have maintained their standing.

A ploughman on his legs is higher than a gentleman on his knees

"Always taking out of the meal-tub, and never putting in, soon comes to the bottom."

When the well is dry, they know the worth of water

If you would know the value of money, go and try to borrow some; for he that goes a borrowing, goes a sorrowing

Fond pride of dress is sure a very curse, Ere fancy you consult, consult your purse.

Pride is as loud a beggar as Want, and a great deal more saucy

When you have bought one fine thing, you must buy ten more, that your appearance may be all of a piece; but Poor Dick says, "It is easier to suppress the first desire, than to satisfy all that follow it."

Vessels large may venture more, But little boats should keep near shore.

Pride that dines on vanity, sups on contempt

"Pride breakfasted with Plenty, dined with Poverty and supped with Infamy."

"But what madness it must be to run in debt for these superfluities? We are offered, by the terms of this sale, six months credit; and that, perhaps, has induced some of us to attend it, because we cannot spare the ready money, and hope now to be fine without it."

"But, ah! think what you do when you run in debt; you give to another power over your liberty."

The second vice is lying, the first is running in debt

Lying rides upon Debt's back

A free-born Englishman ought not to be ashamed nor afraid to see or speak to any man living. But poverty often deprives a man of all spirit and virtue.

It is hard for an empty bag to stand upright

Creditors have better memories than debtors

Those have a short Lent, who owe money to be paid at Easter

For age and want save while you may, No morning sun lasts a whole day.

"Gain may be temporary and uncertain; but ever, while you live, expense is constant and certain."

It is easier to build two chimneys, than to keep one in fuel

Rather go to bed supperless, than rise in debt

Get what you can, and what you get hold, 'Tis the stone that will turn all your lead into gold.

Conclusion

"This doctrine, my friends, is reason and wisdom; but, after all, do not depend too much upon your own industry, and frugality, and prudence, though excellent things; for they may all be blasted without the blessing of Heaven."

"And therefore, ask that blessing humbly, and be not uncharitable to those that at present seem to want it, but comfort and help them. Remember, Job suffered, and was afterwards prosperous."

Experience keeps a dear school, but fools will learn in no other

We may give advice, but we cannot give conduct

They that will not be counselled cannot be helped

If you will not hear Reason, she will surely rap your knuckles

Thus the old gentleman ended his harangue. The people heard it, and approved the doctrine, and immediately practised the contrary, just as if it had been a common sermon; for the auction opened, and they began to buy extravagantly.

I found the good man had thoroughly studied my Almanacks, and digested all I had dropt on those topics during the course of twenty-five years. The frequent mention he made of me must have tired any one else; but my vanity was wonderfully delighted with it, though I was conscious that not a tenth part of the wisdom was my own, which he ascribed to me; but rather the gleanings that I had made of the sense of all ages and nations.