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Then obviously you know this an excruciatingly.
Painful recession for so many Americans and I'm now wondering does the old adage a penny saved is a penny earned still apply joining me now.
In a Fox Business explicitly experts all the way to -- The men who coined that phrase Benjamin Franklin who wrote the original book.
At Jack Benson just modernized it from colonial English to Americans speak and they are with us now as part of our special weeklong series.
They're burning your money well -- you look remarkably it.
I have there were two -- See this book now that has been re published.
And and -- not the same problems that we had back in late seventeen hundreds.
Which are of course problems with jobs people trying to balance the household budgets what do you think of two things time.
Well -- the universal problems and we all need help getting through things like that.
That's why I wrote the -- wealth in 1758.
I wanted to help my generation.
Understand the importance of money and how do it properly so they could prosper.
Even with derivatives and credit default swaps that book still holds true.
The basic wisdom has always true.
The way wealth book is.
The advice that I gave for my son or my family for my friends and every bit of -- just as applicable today.
I want to get to the man who has made it more applicable today and that's -- Vincent and and you took it upon yourself to redo this book so that more people would read it.
Because it actually changed your life as a seventeen year old teen father you could have stumbled and fallen with that background.
But you read this book what would you were 1717.
Years old and what it what what about it changed your world because your -- very successful entrepreneur yes.
Yes thank -- list.
Well whenever the book at seventeen -- I needed to know the the wisdom.
On how to succeed and prosper and life.
Unfortunately I came in contact with the original version which was written in colonial English.
And read the 23 principles practically 23 principles.
And I've been benefiting ever sense which ones matter too -- which principles that still -- for today could help people who are watching right now find themselves in a lot of trouble meeting their jobless.
Negative run out of their savings.
There's so many principals in this book 23 principles and seventy pitfalls it would be impossible to focus on one of them however if I were going to say.
That there was one principal.
That everyone needs to grasp that would be.
Does not happen by accident you have to do something for it.
Benjamin Franklin fortunately wrote in his book he's 23 principles.
And if you give that your attention and build.
Brick by brick just like you would build a house you will lead in more prosperous and -- which -- are you most proud of bad.
Most proud of what there -- so many pieces of advice.
But be generous with that which cost little.
Friendship and good console that is what the way to wealth book has done your thoughts about taxes to people complain a lot especially now.
In 2010 about taxes same problem we had back then.
I airport Richard said there are two things certain in this world death and taxes.
And yes we need taxes but.
We need to control our own destiny and -- Well in fact the quote that you've translated to mean I found awfully -- -- and that is back to.
What you would set about taxes and changing it it's not just what the government charges -- correct or there are many other taxes my goodness you know them well absolutely amazing this is a tax twice what the government charges.
Yes absolutely and here it is on your screen we are taxed twice as much by our idleness.
Three times as much by our -- four times as much fire volley from these taxes the commissioners -- bodies -- to affect us.
But allowing an abatement but that people are complaining about the government action after much right now we're about to see the sun setting of the President Bush taxes we all local.
The wisdom of Benjamin Franklin when he was responding to the woman asked the question about taxes was he didn't tell her.
To continue to complain he said there are things that you can do it's up to us the government does not going to make us prosperous.
We're successful it's up to the individual.
To use these principles in their own life that's right Jack individual responsibility.
If you do not accept -- responsibility for your own financial security.
And your future.
No one else well that's right you have to take it into your hand if you maybe want less corrects.
And your desires.
And worked toward the future so no more flipping of condos in Boca they'll.
Don't rely on the government to support -- -- your -- age.
Make your plans now.
Social Security check is that is something that people today it's it's in the news that -- will not get that.
That opportunity to see a cost of living increase in Social Security benefits tough times self responsibility it's what you can do in your life.
To make yourself more prosperous and successful well we're thrilled to win this exclusive interview then with -- it's the first time in 250 years -- you've been interviewed but I saw you getting all excited about all the newfangled gadgets what you think of the Blackberry.
I love -- I would have been better all of it.
I was busy and -- There is that it are green amber -- -- was all excited about the microwave in the Blackberry in and what do you think would have been most useful back then in in colonial times.
Well -- I'm more about the -- PlayStation 3.
PlayStation 3 I'm not sure what that is that the but.
I'm worried about the black -- because John Adams would have been.
Sending me messages all the time to in the morning yes -- unplug that thing.
So good to have you both thank you and the book is the way to -- everybody should get it and by the way Jack actually says if you can't afford it said that many now.
And he will donate.
One copy to your library -- the web site.
No way to wealth book.
Dot com the way to -- -- dot com that's how much Jack believes in this because -- changed his life thank you both and thank you for taking my advice and becoming successful.
Thank you mr.
Okay that's Fox Business story we get to the heart of the story good to have you -- thank you -- so much.
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