“Never spend your money before you have it.”
— Thomas Jefferson Primary source“’Tis easier to build two chimneys, than maintain one in fuel.”
— Benjamin Franklin Primary source“The secret of success lies never in the amount of money, but in the relation of income to outgo; as if, after expense has been fixed at a certain point, then new and steady rills of income, though never so small, being added, wealth begins.”
— Ralph Waldo Emerson Primary source“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
— Henry David Thoreau Primary source“Buy what thou hast no need of; and e’er long thou shalt sell thy necessaries.”
— Benjamin Franklin Primary source“It is commonly observed, that a sudden wealth, like a prize drawn in a lottery, or a large bequest to a poor family, does not permanently enrich. They have served no apprenticeship to wealth, and, with the rapid wealth, come rapid claims: which they do not know how to deny, and the treasure is quickly dissipated.”
— Ralph Waldo Emerson Primary source“It is paradoxical and disturbing to us that economists have long praised foolish spending as a necessary ingredient of a successful economy.”
— Charlie Munger Primary sourceMoney Frugality Wealth Maintenance Earning