The Way to Wealth

Reviewed by Diario de un Inversor · UpdatedJune 13, 2026

Our review

«The Way to Wealth» is a compilation of the best financial maxims Benjamin Franklin published over 26 years in his «Poor Richard's Almanac». The original text, published in 1758 as a preface to a special edition of the almanac, condensed decades of popular wisdom into a fictional speech by the character «Father Abraham». Franklin's aim was not to write an economic treatise but to popularise behavioural principles accessible to anyone regardless of circumstance: work diligently, spend less than you earn, avoid debt, do not waste time. The prose is brisk, aphoristic, and often wry, which explains its extraordinary longevity. Read today, the text is both a fascinating historical document and a reminder that the basic principles of personal economic discipline have not changed in three centuries. Its obvious limitation is that it has nothing to say about modern economies, financial markets, or contemporary savings instruments. As a foundational philosophy — work, frugality, rejection of unnecessary debt — it remains relevant. At under 30 pages, it is an afternoon's reading.

Key takeaways

• Frugality and diligence are the two levers on which Franklin builds his entire economic philosophy.
• Time is money: Franklin was among the first to articulate this principle explicitly, long before it became a cliché.
• Debt erodes freedom; avoiding or eliminating it quickly is a constant priority throughout his maxims.
• The text demonstrates that personal financial discipline transcends radically different historical and cultural contexts.

Fact

«The Way to Wealth» was originally published in 1758 as the preface to «Poor Richard's Almanac» and became one of the most reprinted of Franklin's writings during his own lifetime.