The joy of frugality
Franklin knew that people were motivated by the prospect of being rich, but that being frugal was not an especially exciting idea.
People are always hoping for a windfall, because it lets them off the hook of being careful about their daily expenses.When people do receive an inheritance or some gain for which they have not had to work, they imagine a life of leisure.
The debtor’s prison
Franklin’s point is that those with money are more free and independent than their neighbors. The way to wealth lies first in eliminating debt, which lightens the spirit and makes you more confident and therefore more productive.
In a nutshell
Diligence and frugality build character as they create wealth.