Benjamin Franklin on money
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Benjamin Franklin valued frugality and steady work as habits that helped him build a prosperous and useful life. In his autobiography, he connected his progress from poverty with these habits, alongside honesty and continued reading. His interest in money also included shared resources: the Junto's reading helped lead to his plan for a subscription library, where pooled books and funds could give readers access to more learning. His account linked material progress with everyday habits and cooperative effort.
Everyday habits affected his circumstances
In his account of working in London, Franklin contrasted his habit of drinking water with coworkers who spent money on strong beer. He linked their drinking with their poverty, making everyday habits part of his explanation of material circumstances.
Frugality took practice rather than perfection
Franklin counted frugality among thirteen virtues in his effort to improve his character. He found that habit and inclination repeatedly disrupted his intentions. His account therefore placed careful use of resources within an unfinished moral effort, rather than presenting himself as faultless.
His conduct encompassed slave ownership
Franklin owned at least seven enslaved people and published advertisements selling enslaved people. His participation in slavery belonged to his time and was wrong. By the late 1750s, he had begun opposing slavery, and he later became an active abolitionist.
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