Tinnemeyer, Andrea. “‘The Way to Wealth.’” Student's Encyclopedia of Great American Writers, Volume 1, Facts On File, 2010. Bloom's Literature, online.infobase.com/Auth/Index?aid=4556&itemid=WE54&articleId=475813. Accessed 3 June 2020.
An essay is presented on the influence of author Benjamin Franklin on the global development of capitalism. The author reflects on multiple translations and editions of the book "The Way to Wealth" and topics such as work ethic, popular education, and the moral aspects of economic activity. Other topics include proverbial politics, readership, and comparisons to other works on political economy such as "Inquiry into the Nature and Causes of the Wealth of Nations" by Adam Smith.
Since the first publication of The Way to Wealth in the 1750s millions of aspiring entrepreneurs have used Benjamin Franklin's advice to create and maintain profitable businesses. Franklin was a phenomenon - a statesman, scientist, inventor, entrepreneur and best-selling author. Many of his maxims and proverbs have become part of the fabric of western society: "Early to bed and early to rise makes a man healthy, wealthy and wise"; "Nothing but money is sweeter than honey"; "If you would have your business done, go; if not, send"; "Creditors have better memories than debtors." Franklin died a hugely wealthy man and he is still listed in the Wealthy 100: The 100 Wealthiest Americans in History. In Benjamin Franklin's The Way to Wealth Steve Shipside interprets Franklin's text for the modern day. Twenty-first century readers will discover how to:* Be the driver, not the drone;* Practice your luck;* Suppress the desire to acquire;* Invest in your number one asset, you;* Tackle time thieves.Benjamin Franklin's The Way to Wealth is not a substitute for the original. Its purpose is simply to illustrate the timeless nature of Franklin's insights by bringing them to life with modern financial examples. Shipside's brilliant interpretation of The Way to Wealth is an inspiring companion to one of the most famous and influential books ever written.
The author discusses his and his wife Allison's achievement of early retirement with the help of the Financial Independence/Retire Early (FIRE) movement which offers retirement planning advice. Topics he discusses include the books and blogs associated with the movement and tactics for being involved in it that include paying-off debts, minimization of expenses and pursuing easy investments.
The mainstream media has made much of the "financial independence, retire early" (FIRE) savings trend. But it is mostly populated by well-compensated technology workers or influencers who earn good money blogging, putting FIRE out of reach for most Millennials. A better option to help Millennial workers save money while paying off student debt and enduring high housing and childcare costs might be for the government to step in and raise Social Security benefits
Singletary, Michelle. "Most investors aren't on 'FIRE' about this early retirement movement." Washingtonpost.com, 15 Apr. 2019. Gale In Context: Opposing Viewpoints, https://link.gale.com/apps/doc/A582483864/OVIC?u=avl_jeff&sid=OVIC&xid=ee6940fd.