The first American book on personal finance, "The Way to Wealth" by
Benjamin Franklin is still the best and wisest money book ever
written. Originally published in 1758 as the preface to "Poor
Richard's Almanack, " this little gem has been through innumerable
printings and sold millions of copies to those in search of smart
but entertaining advice about hard work, earning and saving money
and debt.
As the 21st Century charges along and the current economic
climate continues to send out mixed messages, Franklin's simple but
wise commentary on the value of industry and frugality resonates as
much for us today as it did for listeners nearly 350 years ago.
Here is a sample:
- "Early to bed and early to rise makes a man healthy, wealthy
and wise."
- "If you would be wealthy, think of saving, as well as of
getting."
- "If you would have your business done, go; if not, send."
- "Think what you do when you run into debt; you give to another
power over your liberty."
- "Creditors have better memories than debtors."
Although older than the United States itself, "The Way to
Wealth" is still very popular. It is handed out by major companies
and financial institutions to friends, clients, and customers and
is the January, 2004 selection of "The Washington Post's" the Color
of Money Book Club. As Michelle Singletary, director of the Club
wrote in a column about The book, "At just 30 pages, this
pocket-size book takes less than an hour to read but will give you
a lifetime of financial wisdom--that is if you're wise enough to
follow the advice."
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