T.T. Munger: Habit of Saving

Posted by admin on Thursday, September 29, 2022

Meaning of T.T. Munger Money Quote: saying making saving habit-forming teaches other life sustaining habits. T.T. Munger said:
 
habit of saving is itself an education; it fosters every virtue Quote
 

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind” — T.T. Munger

 

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In this quote, T.T. Munger is highlighting the broader life benefits that can come from developing the habit of saving money on a regular basis. On the surface, Munger notes that saving cultivates positive character traits like self-discipline, prudence and planning ahead. More deeply, the quote suggests that living within one’s means and setting aside funds for the future provides unintended “educational” effects beyond financial security.

By instilling virtues of restraint, responsibility and orderliness, Munger believed the act of saving could help strengthen and develop the mind in holistic ways. The overall interpretation is that Munger saw budgeting and accumulating savings not just as a means to an end, but as a self-reinforcing practice that can positively shape one’s mindset and habits over the long term.

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