"Money is in some respects life's fire: it is a very excellent servant, but a terrible master"
About this Quote
The intent is pragmatic, not pious. Barnum isn’t condemning wealth; he’s arguing for control. "Excellent servant" frames money as a tool, a prop you deploy to build comfort, opportunity, spectacle. "Terrible master" flips the relationship into one of domination, where decisions, ethics, and even identity get outsourced to profit. The subtext is about agency: the real danger isn’t money itself, but the moment your values become a budget line.
Context matters. Barnum operated in the 19th-century marketplace where entertainment, advertising, and mass consumption were exploding. He helped invent modern hype, and that makes the warning more interesting. Coming from a man associated with ballyhoo and hustle, it reads less like sermonizing and more like a backstage aside: here’s what the spotlight costs if you let it run your life.
It’s also a tidy bit of self-mythmaking. Barnum positions himself as the guy who can handle the flames - disciplined enough to profit from desire without being consumed by it. The quote sells restraint the way Barnum sold everything: with a vivid image that makes you feel the heat.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Barnum, P. T. (2026, January 16). Money is in some respects life's fire: it is a very excellent servant, but a terrible master. FixQuotes. https://fixquotes.com/quotes/money-is-in-some-respects-lifes-fire-it-is-a-very-105873/
Chicago Style
Barnum, P. T. "Money is in some respects life's fire: it is a very excellent servant, but a terrible master." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/money-is-in-some-respects-lifes-fire-it-is-a-very-105873/.
MLA Style (9th ed.)
"Money is in some respects life's fire: it is a very excellent servant, but a terrible master." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/money-is-in-some-respects-lifes-fire-it-is-a-very-105873/. Accessed 7 Feb. 2026.







