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About this quote

What does it mean?
Financial frugality is essential because poverty restricts freedom and makes living virtuously difficult.
In plain terms
Spend less than you have to avoid poverty, which limits freedom and happiness.
What can you take from it?
Live below your means to preserve liberty and happiness.

Where it applies

  • budgeting
  • financial planning
  • avoiding debt

Putting it to work

  • track expenses
  • prioritize savings

Questions to consider

  • How does money limit your choices?
  • What virtues require financial stability?

Another view

Some forms of poverty are systemic and cannot be solved by spending less.

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