Meaning of the word "an empty purse frightens away friends" in English

What does "an empty purse frightens away friends" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

an empty purse frightens away friends

US /æn ˈɛmpti pɜrs ˈfraɪtənz əˈweɪ frɛndz/
UK /ən ˈɛmpti pɜːs ˈfraɪtənz əˈweɪ frɛndz/
"an empty purse frightens away friends" picture

Idiom

when one has no money, friends or companions tend to disappear or avoid them

Example:
He learned the hard way that an empty purse frightens away friends after he lost his job.
Don't be surprised if people stop calling; an empty purse frightens away friends.