What does Proverbs 17:1 mean?

This reiterates two values: being content and prioritizing spiritual concerns over material wealth. The New Testament points out that being content in a godly life is admirable (1 Timothy 6:6; Hebrews 13:5–6). This also repeats the sentiments of earlier proverbs (Proverbs 15:16–17). A humble, peaceful life makes a person happier than an opulent lifestyle full of angst and conflict. The phrasing used here is meant to contrast foods like bread crusts with roasted meats.

The English proverb "money can't buy happiness" reflects the fact that even married couples who dine at expensive restaurants can live unhappy lives and have unhappy relationships. When a marriage is grounded in material wealth and comfort, rather than on godliness and cooperation, tensions can run high. Arguments are sure to break out in any marriage, but when the home is focused on money, there is less common ground to overcome those disagreements. Couples who wear themselves out at work, trying to maintain an artificially high standard of living experience physical and emotional exhaustion.

Of course, some need to work hard just to maintain a simple life—even then, it's possible to appreciate harmony and love in a godly home. Peace—the "quietness" that contrasts with "strife"—is more valuable than material goods or fancy food.