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In this quote, Henry David Thoreau is suggesting that true wealth is defined not by the cost of what one enjoys, but by finding satisfaction and fulfillment in simple, inexpensive pleasures.
When he says the richest person is one “whose pleasures are cheapest”, Thoreau means that profound happiness and richness of life can be experienced through everyday joys that don’t require much money.
His view implies that wealth is better measured by an ability to derive deep contentment from basic activities, relationships and natural beauty rather than an accumulation of expensive amusements.
The quote conveys Thoreau’s belief that the most prosperous individual is one who has learned to appreciate life’s deeper rewards regardless of financial means.