I'll bet you're wondering why I brought you here 🪙
It's to show you, we like the same things 💘
Ive been known to find them from Time to Time ⌛️
Benjamin Franklin coined the phrase "time is money" in his 1748 pamphlet “Advice to a Young Tradesman” to advise against wasting time, explaining that lost time cannot be regained and represents a lost opportunity to earn money. The concept emphasizes that every moment is valuable and should be used productively, as time spent idly or on frivolous activities is equivalent to throwing away money that could have been earned.
The way to wealth by Benjamin Franklin
Summary of The Way to Wealth by Benjamin Franklin
Benjamin Franklin’s The Way to Wealth (1758) is a collection of his timeless advice on frugality, hard work, and financial prudence, delivered through the fictional voice of “Poor Richard.” The key messages include:
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Time is Money – Wasting time is equivalent to losing potential earnings; every moment should be used productively.
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Industry and Diligence – Consistent effort and hard work are essential to achieving success and prosperity.
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Frugality and Thrift – Avoid unnecessary expenses, live within your means, and save diligently to build wealth.
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Avoiding Debt – Debt is a burden that limits freedom; paying off debts quickly and avoiding borrowing leads to greater independence.
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Self-Discipline and Prudence – True wealth comes from careful planning, moderation, and wise use of resources.
Franklin’s advice ultimately encourages readers to take personal responsibility for their financial well-being, using time and money wisely to secure long-term prosperity.
