Franklin's Way to Wealth; or, "Poor Richard Improved"

by Benjamin Franklin (1706–1790)

• Free to read
• 15 min read
• 4 chapters
• Reading level: 7th grade

"Franklin's Way to Wealth; or, 'Poor Richard Improved'" by Benjamin Franklin is a philosophical essay written in the early 19th century. This book can be classified as a self-help guide focused on personal finance and the virtues of industriousness and frugality. It draws upon the wisdom from Franklin's earlier works, particularly his famous "Poor Richard's Almanack," to impart practical life lessons meant to help individuals attain wealth and success through diligence and smart decision-making. In this work, Franklin presents the character of Father Abraham, who shares wisdom with a crowd distressed by heavy taxes and economic struggles. Through a series of adages and proverbs, he emphasizes the importance of hard work, self-reliance, and careful management of resources. He argues that idleness and extravagance are greater burdens than taxes and that one must embrace industry and frugality to prosper. Despite the gravity of his message, the crowd ultimately succumbs to their desires during an auction, highlighting the challenge of adhering to these principles. Ultimately, Franklin proposes that while personal effort is crucial, humility and a recognition of divine providence are essential for true success.

• Success
• Maxims, American