William Shenstone: Miser Is Poor
on Friday, February 25, 2022William Shenstone Money Quote saying a miserly person becomes wealthy by seeming to be poor and vice versa. William Shenstone said:
“A miser grows rich by seeming poor. An extravagant man grows poor by seeming rich” — William Shenstone
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This quote from William Shenstone is advising that appearances can be deceiving when it comes to wealth. A “miser” is someone who is very stingy with money. Though they may seem poor, a miser actually grows rich by spending little and saving a lot.
On the other hand, an “extravagant” person spends lavishly to appear wealthy but this excessive spending causes them to grow poorer over time as they use up their money.
So the quote suggests it is better to be frugal with money rather than wasteful, even if it means not flaunting visible signs of wealth.
Birthday: November 18, 1714 – Death: February 11, 1763