Berthold Auerbach: Acquire Money
on Wednesday, January 9, 2019Berthold Auerbach Money Quote saying get money with courage, hold on to it with great care and spend it artfullly. Berthold Auerbach said:
“To acquire money requires valor, to keep money requires prudence, and to spend money well is an art” — Berthold Auerbach
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In this quote, Berthold Auerbach is contrasting the different skills and attributes required to effectively manage money at different stages. Some key points:
- He says acquiring or earning money in the first place requires “valor”, implying bravery, risk-taking and determination to obtain wealth through one’s efforts.
- However, once money is made, Auerbach notes that maintaining it and preventing loss requires “prudence” – careful decision-making, discipline and avoidance of frivolous spending or poor investments.
- Spending money well after it is acquired, he considers an “art” – it takes creativity, balance, priorities and strategy to allocate funds productively and get the most value from what was earned.
Overall, Auerbach’s quote conveys that while boldness is needed to gain riches, prudent behavior and an ability to strategically allocate spending are also important skills for optimally managing money over the long-term at different stages – acquisition, preservation and utilization all require different strengths.
Birthday: February 28, 1812 – February 8, 1882