Monday, September 9, 2013
The Way NOT to Wealth
When I read the statistics below I immediately thought of the remarkable and historic book, The Way to Wealth, written by Benjamin Franklin (yes, that one) in 1758.
The book is filled with marvelous quotes and quips on making money and getting rich through hard work and frugality like....
"Sloth, like rust, consumes faster than labor wears, while the used key is always bright."
This book is literally the greatest text on making money ever written. Work hard and relentlessly, save, and invest.
So what are the statistics I read that reminded me of Old Ben?
According to the Bureau of Labor Statistics, the average person in the United States today works 34.4 hours each week at a private sector job.
According to Nielsen Holdings, the famous TV ratings firm, the same average American now watches a shocking 34 hours of television each week. Thank you Netflix, Hulu, HBO, Showtime, and all the rest.
So today in America, people spend just as much time watching TV as working at jobs. Work 6.88 hours per day. Watch TV 6.80 hours per day.
Think about it. People today work on their careers, income, and finances as much as they waste time watching Game of Thrones, CSI, and Storage Wars.
What would Ben think?