Today is the 311th birthday of the Founding Father and polymath, Ben Franklin. As a leading statesman and scientist of his day, Franklin made innumerable contributions—many of which made him a wealthy man. At his death, Franklin is estimated to have been worth about $67 million.
Here are six quotes by Franklin on money, wealth, and virtue:
On increasing wealth: The way to wealth is as plain as the way to market. It depends chiefly on two words—industry and frugality.
On the prejudices of politicians: We assemble parliaments and councils to have the benefit of their collected wisdom; but we necessarily have, at the same time, the inconveniences of their collected passions, prejudices, and private interests. By the help of these, artful men overpower their wisdom, and dupe its possessors; and if we may judge by the acts, arrêts, and edicts, all the world over, for regulating commerce, an assembly of great men are the greatest fools upon earth.
On credit and debt: Creditors have better memories than debtors; and creditors are a superstitious sect, great observers of set days and times.