Crackerjack Greenback Prudent Advice for a Prosperous Future

November 27, 2008

The Way to Wealth – Nuggets of Wisdom from Benjamin Franklin: Time Management

Filed under: Earning,The Basics,The Way to Wealth,Values — Paul Williams @ Crackerjack Greenback @ 4:00 am

       Last week, we talked about Wasting Time in Benjamin Franklin’s The Way to Wealth. Part of the solution to wasting time is time management. Here is today’s quote:

       Sloth makes all things difficult, but industry all easy, as Poor Richard says; and he that riseth late, must trot all day, and shall scarce overtake his business at night. While laziness travels so slowly, that poverty soon overtakes him, as we read in Poor Richard, who adds, drive thy business, let not that drive thee; and early to bed, and early to rise, makes a man healthy, wealthy and wise.

The Way to Wealth – Benjamin Franklin

       By carefully managing our time and working hard, we make it much easier to get things done. If we get a late start to the day, we can hardly catch up. Keeping a schedule and giving time to the tasks we need to accomplish helps us avoid wasting time and get more done in a day than if we wander around aimlessly.

Time by John-Morgan on Flickr       Having control over your business and keeping track of your plans is important to successful work. If you let emergencies and interruptions dictate your activities for a day, you’ll probably find it difficult to do any of the stuff you wanted to. Distractions destroy our focus and make it tough to do anything very well. This is part of the reason why multitasking is a myth.

       Finally, we have one of Franklin’s most famous quotes. Getting enough rest at night is very important to keeping our bodies healthy and our minds clear. If we avoid sleeping in late we have more time to work, which invariably leads to wealth if successful. Franklin’s point in this quote is that careful time management makes our lives easier and less stressful, and hard work is bound to make us successful when combined with time management.

       If you have some time you’d like to spend learning more about personal finance, make sure you check out this week’s Carnival of Personal Finance. But make sure you don’t neglect the more important things you might need to do right now!

2 Comments »

  1. Time management is probably, for many, one of the most elusive methods of success at just about anything. I don’t know if it is our nature to be distracted or our society bombarding us with distractions or a combination of the two, but if I had to pick a “general flaw” that is not a sin but that many combat, this would be it.

    Personally, I have found habits like posting schedules and thinking about how long I need to work on something before getting started are big helpers. AND turing off the ringer on my phone !

    Comment by Joshua — November 28, 2008 @ 11:29 am

  2. Yes, I still struggle with time management myself. I usually can do a good job about it, but every now and then I’m really good at messing it up! Good time management makes things easier.

    The two keys to success that Franklin points out in his Advice to a Young Tradesman are industry and frugality. Don’t waste your time, and don’t waste your money. Very true for success in almost anything!

    Comment by Paul Williams @ Crackerjack Greenback — November 28, 2008 @ 3:16 pm

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