Does Benjamin Franklin's preface to Poor Richard Improved,
"The Way to Wealth" apply to the Modern Era?
In Benjamin Franklin's preface to Poor Richard Improved, "The Way to Wealth", Franklin proffers many adages to help the reader attain and maintain personal satisfaction and wealth. Many of these sayings are true and applicable even today. Franklin clearly believes that both frugality and industry was imperative and that wealth was a bi-product of those indeavors. Franklin as Poor Richard in his Almanac of 1733 tells us "However, let us hearken to good advice, and something may be done for us; God helps them that help themselves." He also states, " Diligence is the mother of good luck", wherein he is saying that we must be persistent, that when you quit so does everything else in the cycle of our life. These are both universal statements that can apply to people of many different societies and I don't believe they are religion specific as to offend anyone. These are and were the ultimate in subliminal messages of taking personal responsibility for your life, health, and wealth and that of your family that still transcends the centuries of time to be true today.
There are several main threads of advice that are offered throughout the "The Way to Wealth" that are specific to work ethic and time management; frugality and debt management; leisure, vice and vanity. They are intertwined yet separate in their messages. I think that when Franklin states "If time be of all things the most precious, wasting time must be the greatest prodigality" he is telling you that your time management is the basis of all things, the core so to speak. That when you have a strong core then everything else is supported and therefore easier to maintain the course. Time is our most important asset, increasingly so, in an era that is in a chronic state of rushing, we forget that if we were to be strategic with our time, then all else will fall into place. Additionally, he states, "early to bed, and early to rise, makes a man healthy, wealthy, and wise", he is telling us that our health, wealth and wisdom comes from following the advice regarding management of your time. His proverb, "Employ thy Time well if though meanest to gain Leisure", lets his readers know that time shouldn't be wasted on doing things that won't better yourself or others. This isn't to say that all leisure activities are not productive, though there are choices that are better than others and too many people would rather enjoy leisure time instead being responsible.
As to frugality and debt management, Wow, this can be such a sensitive subject, but is still today a concern of our society as well as the family unit. Franklin best epitomizes both in his statement that "if you would know the value of...