I came across this story about Tokugawa Ieyasu from the "Tokugawa jikki." For context, remember the era and how hierarchy was treated at the time - this was actually recorded by a scribe 400 years ago.
Remember the societal roles of the era, which will seem out of place compared to 2011. That's not the point of sharing it - it's the views on money, austerity, and what to prioritize that are worth learning from -
Once, Okaji-no-tsubone ordered her women to wash a white kosode [of Ieyasu] that had become smudged. The women hurt their fingers, and blood flowed from the wounds; she thought it a very cruel task. Since he did have so many clothes, she asked whether it would be all right that they would not wash them anymore, and that he would wear only new clothes. Ieyasu answered: "This is not something that you, foolish women, have to understand, but I will explain it to you, nevertheless. Come and listen."
He called a great number of the women together, and said: "The thing about which I have been most careful all my life, is not to offend the Way of Heaven. What the Way of Heaven hates most, is extravagance. Having seen all the treasure I have amassed here, in Sunpu, you no doubt think that it is much?" All of them agreed. "This is not my only treasure house," Ieyasu resumed, "I also have them in the capital, in Osaka and in Edo, all filled with gold, silver, cloth, and silk. So even if I would wear new clothes every day, what shortage could there ever arise? However, the reason why I have amassed [all this wealth] is, to dispense it at times to the people of the empire, or, by accumulating it for the future generations of my descendants, to prevent the state from ever being short of funds. Therefore, we should not waste even one robe." Although they were women, they were all [impressed by] the wisdom of his holy teaching and did obeisance to him as one does to a Buddha or a god, with the palms of the hands joined together.
Interestingly, Ieyasu generally paid and rewarded the people who were loyal to him well. But even once he was undisputed ruler of all of Japan with vast treasurehouses, he continued to be austere in his personal expenses.
"Even if I would wear new clothes every day, what shortage could there ever arise? However, the reason why I have amassed [all this wealth] is, to dispense it at times to the people of the empire, or, by accumulating it for the future generations of my descendants, to prevent the state from ever being short of funds. Therefore, we should not waste even one robe."
I respect this view tremendously, though there's a right and wrong way to do it. I've written on it in the past, particularly in "Some Differences Between Being Low Born and High Born" and "Austerity Smart and Austerity Stupid"
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