Front Page Titles (by Subject) XXI: NECESSARY HINTS TO THOSE THAT WOULD BE RICH - The Works of Benjamin Franklin, Vol. II Letters and Misc. Writings 1735-1753
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XXI: NECESSARY HINTS TO THOSE THAT WOULD BE RICH - Benjamin Franklin, The Works of Benjamin Franklin, Vol. II Letters and Misc. Writings 1735-1753 
The Works of Benjamin Franklin, including the Private as well as the Official and Scientific Correspondence, together with the Unmutilated and Correct Version of the Autobiography, compiled and edited by John Bigelow (New York: G.P. Putnam’s Sons, 1904). The Federal Edition in 12 volumes. Vol. II (Letters and Misc. Writings 1735-1753).
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NECESSARY HINTS TO THOSE THAT WOULD BE RICH
The use of money is all the advantage there is in having money.
For six pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.
He that spends a groat a day idly spends idly above six pounds a year, which is the price for the use of one hundred pounds.
He that wastes idly a groat’s worth of his time per day, one day with another, wastes the privilege of using one hundred pounds each day.
He that idly loses five shillings’ worth of time loses five shillings, and might as prudently throw five shillings into the sea.
He that loses five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which, by the time that a young man becomes old, will amount to a considerable sum of money.
Again, he that sells upon credit asks a price for what he sells equivalent to the principal and interest of his money for the time he is to be kept out of it; therefore he that buys upon credit pays interest for what he buys, and he that pays ready money might let that money out to use; so that he that possesses any thing he has bought, pays interest for the use of it.
Yet, in buying goods, it is best to pay ready money, because he that sells upon credit expects to lose five per cent by bad debts; therefore he charges, on all he sells upon credit, an advance that shall make up that deficiency.
Those who pay for what they buy upon credit pay their share of this advance.
He that pays ready money escapes, or may escape, that charge.