My bf of 2yrs Can't Afford a ring or wedding, but he desperately wants to marryme Is it demeaning if I pay

I come from a well to do family and I have my own business and am good with managing my money. He has kidney failure and keeping his head above water with his now 2yr old kidney transplant. He professes to love me a great deal and has worked on trying to get us a house and be a provider but things haven't been going as planned. His suggestion is that we marry soon, he loves me and we've been together a long time and have been inserparable nontheless. The thing standing in our way is no expenses for a wedding or a ring. On the otherhand he doesn't want me to feel like I'm settling. The things I would preper, he is not able to provide. A lot contributed to his sickness. We have our share of problems. I was concerned of what others would think of me. Just 2 days ago, he ended our relationship. He said he understood that right now he just couldn't provide what I would be comfortable with and he also wants God's approval on his lifestyle and 2yr of this have past. I am so hurt