Premium Essay

Benjamin Franklin Way To Wealth Summary

Submitted By
Words 1105
Pages 5
Throughout history their 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 ones 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.” 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 potential for growth. Franklin states “Beware of little expenses; a small leak could sink a great ship”(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”(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 which

Similar Documents

Premium Essay

Benjamin Franklin Way To Wealth Summary

...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...

Words: 1117 - Pages: 5

Premium Essay

Constitution Table

...University of Phoenix Material Influences on the Constitution Table Write one or two paragraphs in each section. Include citations for your sources. |Documents |Summary |What was its influence on the Constitution? | |Magna Carta |The Magna Carta was a set of laws generated by the barons of |When the thirteen US colonies became independent from Great Britain in 1776, it | | |England and the Archbishop Steven Langton of the Catholic |needed to set a central government to pass laws and enforce the laws. During this | | |Church to limit the powers that King John possessed during the |time many British settlers followed the great Britain law that was put in place by | | |12 century and of any king thereafter. The Magna Carta came |the Magna Carta. In 1789 the United States Constitution was ratified and many of the| | |into law on June 15, 1215 and marked the beginning to a |Magna Carta laws were introduced to the foundation of what is the United States | | |constitutional England where the laws were promised to be good |Constitution. Such laws as that of no man should...

Words: 3422 - Pages: 14

Free Essay

Principle of Population

...Profusion (1797). Malthus' remarks on Godwin's work spans chapters 10 through 15 (inclusive) out of nineteen. Godwin responded with Of Population (1820). The Marquis de Condorcet had published his utopian vision of social progress and the perfectibility of man Esquisse d'un Tableau Historique des Progres de l'Espirit Humain (The Future Progress of the Human Mind) in 1794. Malthus' remarks on Condorcet's work spans chapters 8 and 9. Malthus' essay was in response to these utopian visions, as he argued: "This natural inequality of the two powers, of population, and of production of the earth, and that great law of our nature which must constantly keep their effects equal, form the great difficulty that appears to me insurmountable in the way to the perfectibility of society." The "Other writers" included Robert Wallace, Adam Smith, Richard Price, and David Hume. Malthus himself claimed: "The only authors from whose writings I had deduced the principle, which formed the main argument of the Essay, were Hume, Wallace, Adam Smith, and Dr. Price ..." Chapters 1 and 2 outline Malthus' Principle of Population, and the unequal nature of food supply to population growth. The exponential nature of population growth is today known as the Malthusian growth model. This aspect of Malthus' Principle of Population, together with his assertion that food supply was subject to a linear growth model, would remain unchanged in future editions of his...

Words: 1548 - Pages: 7

Free Essay

Curriculum Design

...Curriculum Design Word Count: 3300 Introduction: This essay serves as a guide to my Enterprise Market Stall Short Course. This is a Six-week course with the purpose of providing learners with the experience of forming, planning and then running their own business. This guide will begin with an overview of the course, its structure, aims and objectives. Next, the need for the course will be examined alongside the significance of the environment that has created the need for such a course. The curriculum approach will be discussed in order to determine the validity of the course. Finally, the feasibility of the course will be revealed, bringing the essay to an end with a conclusion that will confirm the future of such a course. Experiential Learning will be recurring theme throughout this guide, as the emphasis on the need for practical learning will be promoted. About The Course My proposed course is called, the Enterprise Market Stall Short Course. The aim of this course is to equip learners with the skills needed to contribute to the running of a project, including the planning, delivery and review phases. The course will cover resource planning for a project, communication with stakeholders along with individual and overall project performance review. Students will be challenged and will develop transferrable skills by engaging in real time live business opportunities and in most cases experience the realities of planning and launching their own enterprise...

Words: 4623 - Pages: 19

Free Essay

Easd

...5/17/2016 WEEK 3 The Essay An Overview of Essay Development The INTRODUCTION The BODY PARAGRAPHS What it contains? Background information, which attracts or ‘hooks’ the reader. What it contains? Topic sentences which follow the thesis statement. Transitions introducing each sub topic. Relevant and generous convincing support (unity) and coherence. A closing remark (concluding sentence) showing the relevance of the support. A thesis statement, which limits the topic and states a precise opinion. The CONCLUSION What it contains? A paraphrase of the thesis statement. INTRODUCTION A summary of the main points. A closing remark (final remark). 1 5/17/2016 Introduction dna noitnetta s’redaer eht teg ot koo H ::::kooH koo H koo H .1 .1 .1 .1 eht ni ecnetnes tsrif( .cipot eht secudortni )hpargarap .2 tnempoleveD .3 .3 .3 .3 neme a S s sehT neme a S s sehT :::: ttttnemettttattttS siiiisehT neme a S s sehT secnetnes lareneg 4 ot 2 : fo sucof eht ecudortni ot )hpargarap eht fo ecnetnes tsal( )hpargarap eht fo ecnetnes tsal( )hpargarap eht fo ecnetnes tsal( )hpargarap eht fo ecnetnes tsal( .yasse eht 1. Start with a general statement (funnel approach) HOW DO YOU CREATE A HOOK? 2.Start with an idea/situation that is the opposite of the one you intend to develop We live in an era where television is the national pastime. Since the invention of the television set, people have...

Words: 1816 - Pages: 8

Premium Essay

Week 1

...chapter one Sociology: Perspective, Theory, and Method What sets human beings apart from all other forms of life? Why is sociology an important tool for your future? How should you respond to people whose way of life differs from your own? ISBN: 0-536-12116-8 Societ y: The Basics, Eighth Ed itio n by Jo hn J. Ma cio nis. Published b y Prentice -Hall. Co pyright © 2006 by Pear son Edu cation, In c. ISBN: 0-536-12116-8 L The sociological perspective shows us patterns of behavior common within a society. Here, a member of Brazil’s Pataxo tribe offers a traditional greeting to a visitor. Societ y: The Basics, Eighth Ed itio n by Jo hn J. Ma cio nis. Published b y Prentice -Hall. Co pyright © 2006 by Pear son Edu cation, In c. I f you were to ask 100 people, “Why do couples marry?” it is a safe bet that at least ninety would reply, “People marry because they fall in love.” Indeed, it is hard for us to imagine a happy marriage without love; likewise, when people fall in love, we expect them to think about marriage. But is the decision about whom to marry really so simple and so personal? There is plenty of evidence that if love is the key to marriage, Cupid’s arrow is carefully aimed by the society around us. In short, society has a number of “rules” about whom we should marry. What are they? Right off the bat, society rules out half the population because U.S. laws (despite recent actions in cities such as San Francisco and likely...

Words: 22891 - Pages: 92

Free Essay

Ben Franklin

...THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN WITH INTRODUCTION AND NOTES EDITED BY CHARLES W ELIOT LLD P F COLLIER & SON COMPANY, NEW YORK (1909) INTRODUCTORY NOTE BENJAMIN FRANKLIN was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the "New England Courant." To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723. He soon obtained work as a printer, but after a few months he was induced by Governor Keith to go to London, where, finding Keith's promises empty, he again worked as a compositor till he was brought back to Philadelphia by a merchant named Denman, who gave him a position in his business. On Denman's death he returned to his former trade, and shortly set up a printing house of his own from which he published "The Pennsylvania Gazette," to which he contributed many essays, and which he made a medium for agitating a variety of local reforms. In 1732 he began to issue his famous "Poor Richard's Almanac" for the enrichment of which he borrowed or composed those pithy utterances of worldly wisdom which are the 1 basis of a large part of his popular reputation...

Words: 66662 - Pages: 267

Free Essay

Gre Vocabulary 3000

...Made By Jason & Franklin. This Document Is Strictly Prohibited For Commercial Purposes Without Authorization. List 1 GRE Verbal 750 Quantitative 800, AW 5.5 2008 10 Princeton, MIT, M. Fin Unit 1 ABANDON A B D I C AT E ABASE ABERRANT ABASH ABET A B AT E A B E YA N C E A B B R E V I AT E ABHOR abandon [ 1 n. ] carefree, freedom from constraint added spices to the stew with complete abandon unconstraint, uninhibitedness, unrestraint 2 v. to give (oneself) over unrestrainedly abandon herself to a life of complete idleness abandon oneself to emotion indulge, surrender, give up 3 v. to withdraw from often in the face of danger or encroachment abandon the ship/homes salvage 4 v. to put an end to (something planned or previously agreed to) NASA the bad weather forced NASA to abandon the launch abort, drop, repeal, rescind, revoke, call off keep, continue, maintain, carry on abase [ 1 v. ] to lower in rank, office, prestige, or esteem was unwilling to abase himself by pleading guilty to a crime that he did not commit debauch, degrade, profane, vitiate, discredit, foul, smirch, take down elevate, ennoble, uplift, aggrandize, canonize, deify, exalt abash [ 1 vt. ] to destroy the self-possession or self-confidence of ,disconcert, embarrass Nothing could abash him. discomfit, disconcert, discountenance, faze, fluster, nonplus, mortify embolden abate [ 1 v. ] to reduce in degree or intensity / abate his rage/pain taper off intensify 2 v. ...

Words: 139628 - Pages: 559

Premium Essay

First Colonies

...THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN WITH INTRODUCTION AND NOTES EDITED BY CHARLES W ELIOT LLD P F COLLIER & SON COMPANY, NEW YORK (1909) INTRODUCTORY NOTE BENJAMIN FRANKLIN was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the "New England Courant." To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723. He soon obtained work as a printer, but after a few months he was induced by Governor Keith to go to London, where, finding Keith's promises empty, he again worked as a compositor till he was brought back to Philadelphia by a merchant named Denman, who gave him a position in his business. On Denman's death he returned to his former trade, and shortly set up a printing house of his own from which he published "The Pennsylvania Gazette," to which he contributed many essays, and which he made a medium for agitating a variety of local reforms. In 1732 he began to issue his famous "Poor Richard's Almanac" for the enrichment of which he borrowed or composed those pithy utterances of worldly wisdom which are the 1 basis of a large part of his popular reputation...

Words: 66662 - Pages: 267

Premium Essay

History

...1 THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN WITH INTRODUCTION AND NOTES EDITED BY CHARLES W ELIOT LLD P F COLLIER & SON COMPANY, NEW YORK (1909) INTRODUCTORY NOTE BENJAMIN FRANKLIN was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the "New England Courant." To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723. He soon obtained work as a printer, but after a few months he was induced by Governor Keith to go to London, where, finding Keith's promises empty, he again worked as a compositor till he was brought back to Philadelphia by a merchant named Denman, who gave him a position in his business. On Denman's death he returned to his former trade, and shortly set up a printing house of his own from which he published "The Pennsylvania Gazette," to which he contributed many essays, and which he made a medium for agitating a variety of local reforms. In 1732 he began to issue his famous "Poor Richard's Almanac" for the enrichment of which he borrowed or composed those pithy utterances of worldly wisdom which are the 2 basis of a large part of...

Words: 66767 - Pages: 268

Premium Essay

Communications

...1 THE AUTOBIOGRAPHY OF BENJAMIN FRANKLIN WITH INTRODUCTION AND NOTES EDITED BY CHARLES W ELIOT LLD P F COLLIER & SON COMPANY, NEW YORK (1909) INTRODUCTORY NOTE BENJAMIN FRANKLIN was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the "New England Courant." To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723. He soon obtained work as a printer, but after a few months he was induced by Governor Keith to go to London, where, finding Keith's promises empty, he again worked as a compositor till he was brought back to Philadelphia by a merchant named Denman, who gave him a position in his business. On Denman's death he returned to his former trade, and shortly set up a printing house of his own from which he published "The Pennsylvania Gazette," to which he contributed many essays, and which he made a medium for agitating a variety of local reforms. In 1732 he began to issue his famous "Poor Richard's Almanac" for the enrichment of which he borrowed or composed those pithy utterances of worldly wisdom which are the 2 basis of a large part of his...

Words: 68011 - Pages: 273

Free Essay

Road to Serfdom

...into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. isbn 0 255 36530 6 Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the General Director at the address above. Typeset in Stone by MacGuru info@macguru.org.uk Printed and bound in Great Britain by Hobbs the Printers Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. Benjamin Franklin...

Words: 16475 - Pages: 66

Premium Essay

Supply

...independent of other key components of a lean manufacturing system or it can "...end up with the opposite of the desired result." In recent years manufacturers have continued to try to hone forecasting methods such as applying a trailing 13 week average as a better predictor for JIT planning;  however, some research demonstrates that basing JIT on the presumption of stability is inherently flawed. ------------------------------------------------- Philosophy The philosophy of JIT is simple: inventory is waste. JIT inventory systems expose hidden cost of keeping inventory, and are therefore not a simple solution for a company to adopt. The company must follow an array of new methods to manage the consequences of the change. The ideas in this way of working come from many different disciplines...

Words: 11513 - Pages: 47

Free Essay

Professional Reviews

...American Pop: Popular Culture Decade by Decade. Ed. Bob Bacthelor. Westport, CT: Greenwood Press 2009. 978-0-313- 34410-7. 4 vol. 1,604p. $375.00. Gr. 9-12. This four volume set gives students a broad and interdisciplinary overview of the many and varied aspects of pop culture across America from 1900 to the present. The volumes cover the following chronological periods: V 1. 1900-1929, V 2. 1930-1959, V 3. 1960-1989 and Vol. 4. 1990-Present. There is an Introduction for each volume focusing on the major issues during that period. There is a Timeline of events for the decade which gives extra oversight and content to the study of the period and an Overview of each dcade. Chapters focus on specific areas of pop culture (Advertising, Books, Entertainment, Fashion, Food Music and much more) supplemented with sidebars containing stories, photos, illustrations and Notable information. There are endnotes for each decade and a Resource Guide and Index. Volume 4 also contains a Cost of Products from 1900-2000, and an Appendix with Classroom Resources for teachers and students and a Cumulative Index. Students, teachers and the general reader will love sifting through the experiences of Americans as they easily follow the crazes, technological breakthroughs and the experiences of art, entertainment, sports and other cultural forces and events that influenced each generation. Reference– Popular Culture ...

Words: 13674 - Pages: 55

Premium Essay

Is the Right to Bear Arms Ethical

...Senior Research Project: Is the right to bear arms ethical? Lucas Van Duyn Senior Seminar: Business Ethics Dr. Jewe July 31, 2012 Introduction to the Project: In the United States, research into firearms and violent crime is fraught with difficulties, associated with limited data on gun ownership and use, firearms markets, and aggregation of crime data. Research studies into gun violence have primarily taken one of two approaches: case-control studies and social ecology. Gun ownership is usually determined through surveys, proxy variables, and sometimes with production and import figures. In statistical analysis of homicides and other types of crime, which are rare events, these data tend to have poison distributions, which also presents methodological challenges to researchers. (Just Facts, 2010) Americans own an estimated 270 million firearms, approximately 90 guns for every 100 people. In 2009, guns took the lives of 31,347 Americans in homicides, suicides and unintentional shootings. This is the equivalent of more than 85 deaths each day and more than three deaths each hour. 66,769 Americans were treated in hospital emergency departments for non-fatal gunshot wounds in 2009. Firearms were the third-leading cause of injury-related deaths nationwide in 2009, following poisoning and motor vehicle accidents. Between 1955 and 1975, the Vietnam War killed over 58,000 American soldiers – less than the number of civilians killed with guns in the U.S. in an average...

Words: 10549 - Pages: 43