Topic: Being rich = not looking at price tag - page 4. (Read 1248 times)

No matter how rich you tend to be, there is always a need to know price tag on a commodity so that you can check yourselfout, before you embarrass yourself publicly. Sometimes rich men don't go out with enough cash and even your credit/ATM card might disapoint you. There by making you look as if you are not eligible for who you poss yourself as
. Meanwhile you have it in your bank account maybe probably

That's how it should be. We check the price of the product and decide if it's worth its price. The saying "becoming rich means you don't have to look at price tag" I interpret it this way -if you became rich or at least financially stable, regardless of the price of the specific product, you can afford it to pay because you have enough money.

But it doesn't necessarily mean you'll buy anything just because you're capable to pay. Of course, we need to check if the product is not overprice and worthy to buy. We also need to be wise knowing that money is not easy to earn. Rich people are aware of that especially those who started not being a well-off.

What makes someone rich is because they realize that earning money is difficult and in this way they manage so that they don't spend money carelessly and that is the key to their wealth. So rich people keep looking at price tags because it is very important for them to know how much money they have spent, even in some cases they are very careful about price tags and compare them in several places to see which one is the cheapest and with that they can save more. Unless the person is a rich fool, they probably don't look at the price tag when buying something.

Almost most people describe wealth like that and when we have a lot of money, assets and other possessions we will be considered rich in financial terms. In essence, we also have to differentiate between people who are truly rich and people who are rich just to show off the things they have. Rare collectibles will become quite valuable in the future and real estate also has good potential for making money. Truly rich people are much wiser in using their money for business because they study the potential for what will happen in the future. Social life will be influenced by the extent to which our relationships can compensate and not force ourselves to have luxury items to show off and almost no one who is truly rich does this.

There is nothing wrong with buying luxury items for use, but as previously discussed, buying something is based on what is appropriate and perhaps the wealth you have is in accordance with the item you want to buy. The most striking difference is that rich people who like to show off usually don't buy goods using cash but rather buy them by taking out loan and the like. This is what differentiates people who are truly rich from rich people who want to show off their luxury to others.

Rich people aren't bothered by scams and stuff unless it is something that takes away a significant part of their wealth which barely happens. So small scammers, shopkeepers, or anyone else who takes extra money or tries and scam rich people are not going to affect them negatively and they don't even pay attention to such small things because their wealth doesn't get lower if they pay a few hundred dollars extra if they are buying something expensive already.

You are right about big stores not having price tags. Stores, shops, markets, or any other place where only rich people go, they don't put price tags on things because as far as I know, people who are rich find it offensive for things that they buy or eat or use in any other way to have price tags.

I think it just means that they want to experience that when you want those items, you don't need to look at the price because no matter how much it is, you can afford it. It's not like before that even if you really like the items, you have to check the price before you buy why? Because your money has a limit or it may not be enough. So some people say that because they come from a poor family and that was their situation before. So they worked hard to get to the point where they no longer need to look at the price or hesitate to touch the items because they already have money.

I guess it depends on what kind of stuff they are planning to buy. There are also levels of the rich. 7 digit millionaires might not care when shopping in a mall but they will absolutely ask for the price when it comes to very expensive cars and real estate. Most millionaires if not all cannot afford super yachts.

But even to the richest people in the world, there are still things they consider asking for the price. Elon Musk for example is worth over $200 billion but he needed partners and investors when he acquired Twitter. So it all depends on the level of the rich and the stuff they are into.

Not only how much one possesses, but how one uses those things. Rich people buy luxury goods to show off. These things rarely appreciate, therefore this is a short-term play. As you noted, the truly wealthy invest in real estate, stocks, and rare collectibles. Their wealth increases in value and number. They know money is about growth and sustainability, not just possession

Regarding your human patterns, the psychological components of financial actions are intriguing. The rich may buy for quick enjoyment or social status, reflecting a deeper need for affirmation. The truly wealthy appear to think differently. A well-executed financial strategy fills them with intellectual joy, not social acceptance. It's long-term gains and life ambitions that drive their decisions. This mindset may define riches. You should consider why you acquire anything and how it fits into your life strategy

Just like what most people are saying, the rich people always make there things different but not all, now in this case not all rich men, the mind controls everything in human life so if any rich man doesn't care about the price that's just the persons mindest. cause since they have money they will buy anything they want regardless the price, even if the price keeps increasing they will still buy. But haven't heard about this price tag maybe I will observe, supermarkets these days put price on the product so everyone can see the amount of that product instead of asking questions, so placing the price of the product on the product I think everyone can see both rich and poor so I clearly don't understand. Although, it's better everyone should manage their money both rich and poor.

"Being rich = not looking at price tag" - from my point of view this is totally wrong, as this means that a person can afford things. There are people whos fortune is estimated in millions or billions, but they have thousands on bank accounts only. Also people can use credit opportunities to buy things, they also dont look at price tags, but command to wrap item and go execute a deal.

that's how people being wise in budgeting and savings, They keep on saving and investing so when the time came that they need money, they have something in their pockets. Example on what happened last pandemic season in our country, government announced lock down then all of a sudden, people goes to Supermarket and grocery store to buy stock foods and essential without hesitation and without having a budget list and it doesn't matter to them how much the total cost as long as they already secured their needs during the lockdown. In that way, you'll see that those normal people we don't think have money are actually rich in a simple way.

Well I am not rich but I do know some people that do have alot of extra money. And they can be some of the most cheap people there is.
Some of the time people are very rich is because they do not spend alot of the money they have. So if they are cheap with their money they will have more.
I think if I was a rich person I would still look at the price tags. I want to get a good deal and not think  I am being taken advantage for just since I have alot of money.

I'm betting you that once you're so rich, you will definitely not look at the price tag, you are saying that right now because you're not rich or anything like that but once you're there, it's a whole different ball game. You'll probably only worry about the price tags if it costs you a million dollars or probably billion dollars but the hundred thousand levels price tag, you're not going to be worried about those anymore.

Wealth is always narrated by financial strength, assets and other forms of possessions that we have, wealth often makes the difference between one person and another. Human patterns vary in seeing the appropriateness of spending money on inappropriate payments, but for those who see opportunities, the appropriateness will be proportional to the investment value they buy in products that have resale value in the future. How many products have inappropriate purchase value and some rich people see this as an opportunity to make money in the future.

The difference between rich people and truly rich people is in the quality of their thinking, they buy things that are not appropriate for financial business needs, while rich people usually have the satisfaction of showing off to other people. Thought patterns will be very different and maybe some people do things based on considerations for their lives and after all, we ourselves know when we want to do something.

But this is still for important items, even rich people (people who have a lot of money) will be very smart in managing their finances, they will not arbitrarily spend their money except for their wants and needs.

I think so too, no one wants to buy something of inappropriate quality.
Rich people are intelligent people and they have quite sharp judgment in looking at something regardless of whether it is a promotional price or not, but what is certain is whether it is expensive or not as long as it is worth it.
And the meaning of rich people not looking at prices in my opinion is when they want to fulfill their desires, such as quality branded goods which are definitely expensive of course and they buy regardless of price because they have enough money and don't interfere with other needs.

Some times it isn't called being rich but being irresponsible or doesn't manage their money properly.
I know some people who does that and they would sometimes borrow money just to make it till their next pay day.
Sometimes even if you have the money you need to know if the product is overpriced or is it really worth it.

I believe the statement is just an idiomatic expression  which means to afford anything regardless of price and has not to worry whether his cash is enough or not.


Wise buyer surely do this, they always weigh the price and the personal assessment value of the item before purchasing it.  Rich people who knows financial management always do this kind of thing called value buy.  I even often see well-off people looking for promos and sales that they think is a good deal in relation to the price when I happen to work as a student assistant in a dept. store, in my college years.

Depends on where did you get that money on which there would really be that a difference in between to those people who got rich because of extreme hard work and perseverance and discipline compared into those people who had get their riches in terms of those sudden wins in lottery, inheritances or whatsoever that do connects about easy money or simply that they hadnt been able to work hard for. Then something that do talks about spending then it would really be that something that will really be that having that behavior on trying out to buy things even if its not necessary or worthy of its price but somewhat each person does have their own taking on how they would really be gonna handling themselves if they are really that on such condition or status.

Just like on what you have said that its impossible that you would really be just simply buying things without having trying to look at on whats its usage or benefits.
Even rich people wont really be having that kind of careless purchase on something yet we know that money isnt something that could be having forever and if you are really that careless enough on
things on your spending then dont wait up for the situation that you would be experience some shortage or talking about bankruptcy on which we know that money
could really be that easily be spent up.

“If you have to ask, you can't afford it”! It's something for luxury stores and art pieces, investments in things that can get more expensive with time, as you said, rich people buy what they like, and if they get in some "money trouble" they will just resell it!

But I definitely agree with you, this proposal is relative... watching a price tag or asking for a price is something we all do, it's a normal thing. Nobody wishes to get scammed and spend more than something is worth, so we all do it and we wage it in our thoughts and compare it with other stuff and prices we know.

Which people you are describing as rich?

Actual rich people want exclusive things on everything they use so they won't prefer supermarkets either and they look for tailor-made goods which will fit perfectly for them.