Meaning of the word "a fool may earn money, but it takes a wise man to keep it" in English

What does "a fool may earn money, but it takes a wise man to keep it" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a fool may earn money, but it takes a wise man to keep it

US /ə ful meɪ ɜrn ˈmʌni, bʌt ɪt teɪks ə waɪz mæn tu kip ɪt/
UK /ə fuːl meɪ ɜːn ˈmʌni, bʌt ɪt teɪks ə waɪz mæn tuː kiːp ɪt/
"a fool may earn money, but it takes a wise man to keep it" picture

Idiom

it is easier to make money than it is to manage it or save it wisely

Example:
He won the lottery but spent it all in a year; a fool may earn money, but it takes a wise man to keep it.
Don't just focus on your salary; remember that a fool may earn money, but it takes a wise man to keep it.