When You Got Nothing, You Got Nothing To Lose
This quote reflects Jack's philosophy of life, which is based on freedom, adventure and spontaneity. Jack only ever gets onto the ship by chance - he wins a ticket, which he later says is the best thing that ever happened to him, even if it does end up getting him killed.
However, Jack's lack of wealth means that he can live a very carefree life. He always lives in the moment, which is something Rose desperately wants, and it's part of why she's so attracted to him. Jack shows Rose a different way of living, one that is not constrained by social expectations or material possessions. He teaches her to be herself and to follow her heart. Jack's quote also implies that he has nothing to fear, because he has nothing to lose. He is willing to take risks and to face challenges, even if they are life-threatening. He is a courageous and optimistic character, who inspires Rose to overcome her own fears and doubts.