"The Way to Wealth," by Benjamin Franklin: The tax we impose on ourselves by our pride, Pt. 1
By Jeffrey Reeves MA
Editor's note: Jeffrey Reeves' introduction provides an overview of this weekly blog series
"...three times as much by our pride…”
— Benjamin Franklin in the persona of Father Abraham
Perhaps it’s just human. It’s been a recognized human frailty since Cain whacked Able.
Spending money that you control in an attempt to appear affluent, sophisticated, educated, informed, well-connected, etc. is nothing more than trading real money for imagined gains that are no more substantial than smoke.
Many Americans believe wrongly that investments — over which they have no control — measure wealth, and possessions that they do not own — bought with borrowed money — measure well-being.
Darn Jones’s. Literally more trouble than they’re worth.
Think about it...