--- title: "Meaning & Key Takeaway of: A poor man knows the true value of money…" description: "\"“A poor man knows the true value of money and will not dare waste it, but a rich man is extravagant and always looking for an opportunity to empty his ..." image: "https://sms4smile.com/quotes/i/dfb/michael-bassey-johnson-311_alternative_a-poor-man-knows-the-true-value-of-money_2322763.jpg" --- # A poor man knows the true value of money and will not dare… ![“A poor man knows the true value of money and will not dare waste it, but a rich man is extravagant and always looking for an opportunity to empty his pockets.” quote by Michael Bassey Johnson](https://sms4smile.com/quotes/i/dfb/michael-bassey-johnson-311_alternative_a-poor-man-knows-the-true-value-of-money_2322763.jpg) [Download](https://sms4smile.com/quotes/i/dfb/michael-bassey-johnson-311_alternative_a-poor-man-knows-the-true-value-of-money_2322763.jpg) [Open image](https://sms4smile.com/quotes/i/dfb/michael-bassey-johnson-311_alternative_a-poor-man-knows-the-true-value-of-money_2322763.jpg) > ““A poor man knows the true value of money and will not dare waste it, but a rich man is extravagant and always looking for an opportunity to empty his pockets.”” [Michael Bassey Johnson](https://sms4smile.com/quotes/author/michael-bassey-johnson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Wealth can breed extravagance, while poverty teaches frugality; each perspective shapes money habits. **In simple terms:** Rich waste, poor save. Key Takeaway Balance spending with mindfulness. Themes money values social class Mood thoughtful critical Type socio‑economic philosophical When to use this quote - financial planning - budgeting - wealth management Key Concepts economics behavioral finance Questions to Reflect On - How does your background affect your spending? - Can wealth be used responsibly? A Different Perspective Generalizations may not hold for all. ★ ★ ★ ★ ★ No ratings yet [Angry](https://sms4smile.com/quotes/about/angry/) [Disease](https://sms4smile.com/quotes/about/disease/) [Giving](https://sms4smile.com/quotes/about/giving/) [Hunger](https://sms4smile.com/quotes/about/hunger/) [Michael-bassey-johnson](https://sms4smile.com/quotes/about/michael-bassey-johnson/) [Miser](https://sms4smile.com/quotes/about/miser/) [Misers](https://sms4smile.com/quotes/about/misers/) [Money](https://sms4smile.com/quotes/about/money/) [Opportunity](https://sms4smile.com/quotes/about/opportunity/) [People](https://sms4smile.com/quotes/about/people/) [Poor man](https://sms4smile.com/quotes/about/poor-man/) [Poverty](https://sms4smile.com/quotes/about/poverty/) [Rich man](https://sms4smile.com/quotes/about/rich-man/) [Spending money](https://sms4smile.com/quotes/about/spending-money/) [True value](https://sms4smile.com/quotes/about/true-value/) [Value](https://sms4smile.com/quotes/about/value/) [Value of money](https://sms4smile.com/quotes/about/value-of-money/) [Values](https://sms4smile.com/quotes/about/values/) [Waste](https://sms4smile.com/quotes/about/waste/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [Do not value money for any more nor any less than its worth; it is a good servant but a bad master.](https://sms4smile.com/quotes/thomas-alexandre-dumas/do-not-value-money-for-any-more-nor-any-less-than-its-worth-it-is-a/) Thomas-Alexandre Dumas > [For the folk-community does not exist on the fictitious value of money but on the results of productive labor, which is what gives money…](https://sms4smile.com/quotes/adolf-hitler/for-the-folk-community-does-not-exist-on-the-fictitious-value-of/) [Adolf Hitler](https://sms4smile.com/quotes/author/adolf-hitler/) > [“People value money but trivialize time.”](https://sms4smile.com/quotes/sunday-adelaja/people-value-money-but-trivialize-time/) [Sunday Adelaja](https://sms4smile.com/quotes/author/sunday-adelaja/) > [The value of money is that with it we can tell any man to go to the devil. It is the sixth sense which…](https://sms4smile.com/quotes/w-somerset-maugham/the-value-of-money-is-that-with-it-we-can-tell-any-man-to-go-to-the/) [W. 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Always downplay the value of money; it will make it much easier for him to hand it…](https://sms4smile.com/quotes/ted-dekker/there-is-my-first-insight-young-woman-always-downplay-the-value-of/) [Ted Dekker](https://sms4smile.com/quotes/author/ted-dekker/) > [The chief value of money lies in the fact that one lives in a world in which it is overestimated.](https://sms4smile.com/quotes/anonymous/the-chief-value-of-money-lies-in-the-fact-that-one-lives-in-a-world/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [My parents were teachers and they taught me about the value of money.](https://sms4smile.com/quotes/gethin-jones/my-parents-were-teachers-and-they-taught-me-about-the-value-of-money/) [Gethin Jones](https://sms4smile.com/quotes/author/gethin-jones/) > [“So many problems, however infinitely varied they first appear, turn out to be matters of money. 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