The lyrics describe a man's father warning him that a woman's ability to manipulate men for money will ultimately make him poor. The man recounts how he treated a woman like a queen, providing her with luxury, while he struggled financially, ultimately realizing that he was being taken advantage of. The repeated refrain emphasizes that the very thing that enriches the woman financially is the same thing that impoverishes him.

Meaning of "The Very Thing That Makes You Rich (Makes Me Poor)" by Ry Cooder

The song reflects on the imbalance of power and wealth between men and women, particularly in relationships where one partner exploits the other for financial gain. The father's warning serves as a cautionary tale about the dangers of being blinded by love and generosity only to end up being used and left in a dire financial situation. The lyrics speak to the broader societal issue of gender dynamics and economic disparities, highlighting how women, especially those who are adept at manipulating men, can use their charms to secure financial stability at the expense of their partners. By juxtaposing the woman's wealth with the man's poverty, the song exposes the harsh reality of how love and money can intersect in toxic ways, leaving one party drained and destitute while the other prospers. Ultimately, the lyrics convey a sense of betrayal and regret, as the man comes to terms with the painful realization that his generosity and love were being exploited for material gain.