Benjamin Franklin: Frugality Leads to Wealth
on Sunday, November 22, 2015Benjamin Franklin Money Quotation saying adding a strong work ethic to wise money management results in wealth. Benjamin Franklin said:
“The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality” — Benjamin Franklin
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In this quote, Benjamin Franklin is outlining a straightforward path to achieving wealth. He states that “the way to wealth is as plain as the way to market,” meaning the route to prosperity is clear and obvious just like how clearly marked the road to the local marketplace is. Then, Franklin identifies the two most important factors for accumulating riches as “industry and frugality.”
By “industry” he means diligent, hard work. By “frugality” he refers to prudent spending and saving habits. Franklin is conveying that the keys to wealth are applying diligence through productive labor combined with financial prudence through thrift. His interpretation suggests that wealth generation depends primarily on these two disciplines of active work and careful money management.
Birthday: January 17, 1706 – Death: April 17, 1790
