Deals Quote by William Hazlitt
“The secret of the difficulties of those people who make a great deal of money, and yet are always in want of it, is this-they throw it away as soon as they get it on the first whim or extravagance that strikes them, and have nothing left to meet ordinary expenses or discharge old debts.”
About This Quote
Source Essay: "On the Pleasure of the Imagination," 1820
People who acquire wealth quickly often squander it impulsively, leaving them unable to cover basic costs or debts.
In simple terms: Riches spent rashly lead to poverty.
Key Takeaway
Spend wisely, plan for future needs.
Themes
wealth
impulsivity
financial responsibility
Mood
cautious
reflective
Type
advice
philosophical
When to use this quote
- budgeting
- investment planning
- emergency fund creation
Key Concepts
economics
human behavior
self‑control
Questions to Reflect On
- How can you balance enjoyment of money with long‑term security?
- What habits prevent impulsive spending?
A Different Perspective
Even with wealth, lack of discipline can cause ruin.
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