Source identified
Read & copy the quotation
“Independence can only be established by the exercise of forethought, prudence, frugality, and self-denial.”
- Source
- Thrift
- Date
- 1875
Meaning of “Independence can only be established by the exercise…”
Independence is linked with preparation and restraint because freedom is harder to maintain when every decision is controlled by immediate appetite or financial pressure.
Where does it come from?
Thrift, Preface; original Preface dated London, November 1875, verified in Project Gutenberg #14418’s represented John Murray Fiftieth Thousand witness (London, 1892). Smiles links personal independence with forethought, prudence, frugality and self-denial while explaining the practical purpose of the book; the sentence is historical moral-economic counsel, not a guarantee that saving practices alone establish modern financial independence.
