“Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.”
Adam Smith (1723-1790), a Scottish moral philosopher best known for his work entitled, “The Wealth of Nations,” said, “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” Benjamin Franklin (1706 – 1790), a contemporary of Adam Smith, believed that frugality and industry were the conduits to acquiring wealth, as an individual and as a nation. “The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything.”
Humanity thrives on innovation and advancement. Frugality creates the opportunities in which to explore possibilities. Industry draws on dormant potential to achieve new horizons.