He may well be contented who needs neither borrow nor flatter.

The saying presents independence as a reason for satisfaction: someone who can meet their needs without borrowing or seeking favor through flattery may feel at ease with their circumstances.

It contrasts contentment with two forms of dependence, one financial and the other social. The point is not that borrowing or praise is always wrong, but that freedom from needing either can bring peace of mind.

Use it when discussing why a person who can provide for themselves and speak without currying favor might be satisfied with their lot. It also suits a reflection on the value of independence over greater wealth or status.