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Benjamin Franklin Way To Wealth Summary

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Throughout history there have been varying opinions on what constitutes as a successful existence, none more than in North America where the two have become practically synonymous with each other. In his book “ The Way to Wealth” Benjamin Franklin introduces ideas about not only surviving, but flourishing economically that still are still applicable today. Contemporary Society would benefit greatly from following the wisdom of Franklin, which emphasizes diligence, frugality with one’s finances, while refraining from falling into the pitfalls of slothful behavior. In the time of Franklin his way of living was quite common with those who sought to achieve wealth needing discipline less they fail. And during this time failure was not something …show more content…
In a article in USA Today writer Andrea Kay touches on the attitude toward diligent work in today’s society, having quoted a young contractor as saying “It's just not convenient.”(Kay 1) as a response for why his work hadn’t been completed in the time frame agreed upon. This kind of thinking is indicative of just what Franklin advocates against. Similarly the need to buy in excess and acquire non-essential possessions has become a major problem in modern society with many being led astray by their need to look or be perceived a certain way by their peers. This problem was also touched upon by Franklin as something that could hamper a person’s potential for growth. Franklin states “Beware of little expenses; a small leak could sink a great ship”(Franklin 239.) In this statement Franklin describes how expenses no matter how small or insignificant they may seem at the time, when added up can end up costing a lot more than you …show more content…
They went in debts in order to purchase things they could not afford and to live a certain lifestyle which they thought was going to make them happy as well as have them accepted into society. This is as true today as it was in Franklins’ time. In addition to the problems spending frivolously can create, the obstacles created by laziness are boundless due to the fact that they affect so many aspects of your life, from how much you work, to the way you think about your finances. According to Franklin “ 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”(Franklin 237.) In this Franklin is describing how laziness, or an unproductive use of time can be more hazardous than over working yourself or more costly than the actual taxes that were being levied at the time. Comparatively modern society although brimming with opportunities has seen in influx of procrastinating, and all around laziness. At one time laziness was a vice that was only afforded the wealthy, but in the wake of the Industrial Age in which the economy saw considerable growth which afforded many the chance for what they considered self improvement. So does being lazy still mean the same as it once did? It depends on who you ask. While some advocate Jeffersonian way of multitasking as a way to stay busy, some believe the increased freedom promotes more creativity

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