Amy Dacyczyn: Expense of Others

Meaning of Amy Dacyczyn Money Quote: saying saving money should never come at the expense of someone else. Amy Dacyczyn said:
 
 

 

“The relationship between ethics and thrift can be summed up in one sentence. It is wrong to save money at the expense of others. Period” — Amy Dacyczyn

This quote by Amy Dacyczyn seems to be emphasizing that practicing thrift or saving money is not ethical if it directly harms or disadvantages others. Some key points:

• She states it bluntly – “It is wrong to save money at the expense of others.”
• No exceptions or caveats are given – it is simply “wrong,” according to Dacyczyn.
• The quote implies that being frugal, minimizing costs or increasing profits is not acceptable if it comes at the cost of negatively impacting or exploiting other people.
• True thrift involves balancing financial prudence with moral responsibility to ensure savings or profits are not gained through unjust means that disadvantage stakeholders like workers or communities.

Overall, Dacyczyn appears to be conveying that ethics should take precedence over financial considerations. While saving is good, it should not come at the cost of harming or violating the basic rights and interests of other individuals or groups for the benefit of oneself or businesses.

William J. H. Boetcker: You Cannot

William J. H. Boetcker Money Quote saying you cannot accomplish anything by focusing on its’ opposite action or quality. William J. H. Boetcker said:
 

 

“You cannot bring prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage earner by pulling down the wage payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending more than your income. You cannot further brotherhood of men by inciting class hatred. You cannot establish security on borrowed money. You cannot build character and courage by taking away man’s initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves” — William J. H. Boetcker

William J. H. Boetcker is making several points about economic and social policies. He argues that prosperity cannot be achieved by discouraging habits like thrift and savings. Weakenening the strong does not help the weak, and hurting the rich does not help the poor. Spending more than one’s income leads to trouble.

Promoting class hatred harms brotherhood. And people cannot become self-reliant or build character if their initiative and independence are taken away by doing things for them that they could do for themselves.

Overall, Boetcker is advocating for individual responsibility, limited government intervention, and not implementing policies that harm or weaken certain groups in a misguided effort to help others. He believes societies are best served by encouraging virtues like thrift, hard work, self-sufficiency and bringing people together rather than dividing them.

The best interpretation of William J. H. Boetcker’s quote is that sustainable societal progress comes from empowering individuals and promoting personal responsibility, rather than through policies that redistribute wealth or weaken successful entities. Boetcker argues that true prosperity and social improvement cannot be achieved by discouraging positive traits like thrift, independence, and initiative.

He emphasizes that helping the less fortunate should not come at the expense of tearing down the successful, and that lasting change comes from creating opportunities for people to help themselves rather than fostering dependence.

Birthday: July 16, 1873 – Death: April 27, 1962

Hetty Green: Fortune Making Thrift

Hetty Green Money Quote saying the only prerequisite to building a financial fortune is being smart and responsible. Hetty Green said:
 

 

“There is no great secret in fortune making. All you do is buy cheap and sell dear, act with thrift and shrewdness and be persistent” — Hetty Green

In this quote, Hetty Green is offering a simple yet effective formula for achieving financial success through entrepreneurship and investment. She suggests the keys are to purchase assets at a low price (“buy cheap”) and then sell them at a higher value (“sell dear”), earning a profit on the difference.

Additionally, one must be prudent with money (“act with thrift”) and astute in business dealings (“shrewdness”), carefully managing expenses and negotiating terms to their advantage. Finally, persistence is required to see opportunities through to fruition over the long run.

Green believes with these basic principles of value investing, frugality and perseverance, there is no secret magic involved in amassing wealth – just consistent application of straightforward economic principles over time.

Birthday: November 21, 1834 – July 3, 1916

Lorde: Ten Things Three Dollars

Lorde Money Quote saying shopping at thrift stores can feel like a bargain hunter’s paradise. Lorde said:
 

 

“I love thrift shopping. You can get ten things because everything costs, like, three dollars” — Lorde

In this quote, Lorde is expressing her enthusiasm for thrift shopping (shopping at second-hand stores). She notes that when thrift shopping, you can purchase many more items because everything costs a low amount, such as three dollars each, compared to regular retail stores.

Lorde seems to enjoy thrift shopping because it allows her to get good value and a variety of unique finds for a low overall cost. The quote conveys how thrift shopping enables Lorde to satisfy her sense of style and fashion on a tighter budget by taking advantage of pre-owned items that are deeply discounted compared to their original prices.

Overall, she is highlighting the affordability and bargain hunting experience that makes thrift shopping an enjoyable activity for her.

Phyllis McGinley: Economy Thrift

Phyllis McGinley Money Quote saying one can imagine frugality in it’s many forms through behavior toward a single asset. Phyllis McGinley said:
 

“Meanness inherits a set of silverware and keeps it in the bank. Economy uses it only on important occasions, for fear of loss. Thrift sets the table with it every night for pure pleasure, but counts the butter spreaders before they are put away” — Phyllis McGinley

In this quote, McGinley is contrasting different attitudes towards possessions and money. “Meanness” refers to being stingy or miserly, only keeping the silverware in a bank vault without using it at all. “Economy” means being frugal, only taking the silverware out on special occasions to avoid any potential loss or damage. But “Thrift” indicates prudence instead of penny-pinching.

A thrifty person sets the table with the full silverware set for everyday use, enjoying what they have, but also takes care to account for everything afterwards. So in essence, McGinley is saying true thrift is using what you have to its full potential and taking pleasure from possessions, not just hoarding or using them sparingly out of fear like meanness and economy represent.

Thomas Carlyle: Paying Debt, Income, Thrift

Thomas Carlyle Money Quote saying either increase income or reduce outgo to meet debt payments. Thomas Carlyle said:
 

 

“There are but two ways of paying debt: Increase of industry in raising income, increase of thrift in laying out” — Thomas Carlyle

This quote from Thomas Carlyle suggests that there are two main approaches to paying off debt: first, by increasing one’s income through greater industry and productivity in work; and second, by increasing thriftiness and efficiency in spending, such as through reducing unnecessary expenses and waste.

Carlyle appears to be advocating for diligent efforts to both boost earnings and cut costs as the proper strategies for getting out of debt over time through fiscal responsibility and hard work. The quote provides a practical perspective on debt management by outlining two key methods of debt repayment through enhanced economic participation and financial prudence.

Thomas Carlyle was a Scottish philosopher, satirist, essayist, historian and teacher. He was born in 1795 and lived until 1881. Some of his most notable works included The French Revolution, On Heroes, Hero-Worship, and The Heroic in History and Past and Present.

He was influential in the Victorian era and known for his polemical style and emphasis on heroes and hero worship. He advocated for social change and criticized many aspects of industrialization and modernity.

Overall, Carlyle was an important Scottish intellectual and writer during the 19th century who made contributions to history, social philosophy and political thought.

Birthday: December 4, 1795 – Death: February 5, 1881

Amy Dacyczyn: Tightwaddery Deprivation

Amy Dacyczyn Money Quote saying it’s possible to be creative about how to enjoy things without spending money if resourceful enough. Amy Dacyczyn said:

“Tightwaddery without creativity is deprivation. When there is a lack of resourcefulness, inventiveness, and innovation, thrift means doing without. When creativity combines with thrift you may be doing it without money, but you are not doing without” — Amy Dacyczyn

In this quote, Amy Dacyczyn is making a distinction between different types of frugal or thrifty living. She suggests that “tightwaddery without creativity is deprivation”, meaning that merely denying oneself purchases and spending stingily lacks imagination and leads to a sense of lack.

However, Dacyczyn says that “when creativity combines with thrift” through resourcefulness, inventiveness and innovation, one can live thriftily but not feel deprived. The interpretation is that Dacyczyn promotes frugality through creative reuse of resources, homemaking skills and finding inexpensive alternatives to consumerism, rather than through a mindset of rigid restriction and denial alone.

Her view is that with ingenuity, thrift can be practiced without the negative experience of actual privation or lack of enjoyment, since needs are met through alternative non-monetary means. The overall message conveyed is that true thrift involves creative problem-solving rather than asceticism or begrudging scarcity alone.