Living by the Tao

Wayne Dyer's book, Change Your Thoughts, Change Your Life, analyzes the verses found in the Tao Te Ching, a book written by Lao-tzu, a Chinese prophet. Verse Twelve addresses the chase for material wealth. In his analysis of the verse, Dyer wrote that the "quest for adoration, money and power is a waste of energy because there's never enough so striving for more defines your daily regiment. You can't arrive at a place of peace and inner satisfaction when your entire existence is motivated by not having enough." This makes sense to me because a quest for external appearance and material satisfaction leaves little time for family and friends, creativity, enjoyment of nature, and spiritual growth. So where does that leave the frugal-minded? Are they focuses on not having? Or is the focus on being frugal so you have time more for the inner quests I just mentioned?