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About this quote

What does it mean?
Burke warns that controlling wealth leads to freedom, while being controlled by wealth results in true poverty.
In plain terms
Master your money or it masters you.
What can you take from it?
Manage finances wisely to retain freedom.

Where it applies

  • personal budgeting
  • corporate governance

Putting it to work

  • track expenses
  • avoid debt dependence

Questions to consider

  • What habits keep wealth from controlling you?
  • Can wealth ever be truly free?

Another view

Wealth alone does not guarantee freedom; systemic factors matter.

More from Edmund Burke

  1. Example is the school of mankind, and they will learn at no other.

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  2. All those instances to be found in history, whether real or fabulous, of a doubtful public spirit, at which morality is perplexed, reason is staggered, and fro…

    Permalink to quote #151
  3. All men that are ruined, are ruined on the side of their natural propensities.

    Permalink to quote #148

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