Sir Henry Taylor: Scale of Living
on Thursday, October 8, 2020Sir Henry Taylor Money Quote saying all that is needed to live well is to spend less than you earn. Sir Henry Taylor said:
“The art of living easily as to money is to pitch your scale of living one degree below your means” — Sir Henry Taylor
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This quote from Sir Henry Taylor suggests that the key to financial security and comfort is to maintain a standard of living that is slightly below what your actual income allows. The best interpretation is that by living within, but not right up to the limits of, one’s financial means through prudent spending and saving habits, one can avoid financial stress that may arise from unexpected expenses.
This “buffer” between means and expenditures protects against overspending in case of emergencies, loss of income, or rising costs. It also allows for occasional splurges without fear of going into debt. So in essence, the quote recommends moderating spending to maintain a degree of flexibility and resilience in one’s finances through not overextending one’s lifestyle relative to earnings.