Topic: Being rich = not looking at price tag - page 7. (Read 1264 times)

To a truly wealthy person, price means nothing to them. Even myself, of recent I do not pay much attention to price but quality. I know the country I am residing, and I also know the city I leave in. I know the average cost of living in the city. I know the price to lounge in a hotel, I know the cost of food and even the cost of clothing. If the costs of things in a particular city is very far below your income, you will not mind the price because no matter how the vendor will inflate the price, it will not affect your purchasing power.

This is the formula that rich people use and that is why they are mostly unbothered about the price of products.

If you are truly someone who creates wealth with your own hands then you will think long and hard about buying a product, but if you have never generated your own wealth ^{(your wealth comes from inheritance or other people)} then you will definitely buy products carelessly because you think that money is easy to make.  Nowadays earning money is not easy, that's why i'm fed up with influencers who claim that making money is very easy, they seem to be mocking people who are working hard for their lives.  then a wise person will definitely use carefully every cent they have.

I think something like this is just a form of metaphor because in the end when we want to buy things, of course we have to be aware of what we are buying in terms of quality and the brand we are buying because we are not fools who only buy at high prices for poor quality but buying without looking at the price according to my interpretation is when we want something that we think is useful even though the price is expensive, we are definitely not bothered to buy it with the money we have.
This does not mean that it is as if it makes a cheap product that when sold expensive then we will buy it without consideration because the concept is not like that considering that in the end the price also determines the quality we buy.

I know some rich folks and they're really careful with money, to the point that you'd call them penny-pinchers. One of my neighbors who has one of the biggest houses in the area built it by using the cheapest laborers and not signing a contract with them, just paying them daily in cash. I think that they do look at the price tag because deep down they know they can have more and more if they save up and that's what many of these people get addicted to. They want to own more and have more to show.

those are the kind of people that will be rich today and within some months to come, they have gone back to being poor with there final status being worse off  than they had been. No amount of money should make you reckless to the point of not knowing how much you are spending on purchasing a goo. As a matter of fact, if you earned the money legitimately, you wouldn't think of squandering it just like that. Even if the money is too much, what happens to starting up a new business with a deliberately giving it out to those in need. Don't mind poor people, there idea about the rich is so faulty that they even assume that the rich got those wealth by being unwise.

Money tends to run out quickly, only for a person who don't know how to spend it wisely. Money that we spent might have disappeared but most of the times it was only being replaced by a product that we now owned, and these products can still be valuable. Rich or not, all are aware of how much is the price of what we are going to purchase because there will always be a price tagged on them.

Little things are actually the ones who are being considered the most, especially if they are seem to be important for us. When I say little things, I don't totally mean the size but also the price because there are also little things (in size) but the price is pretty much expensive. In terms of investing, only those who are wise will consider different factors but if not, they will rush, making things complicated later on.

People who are familiar with cost of things in market does not ask about price but whenever they enter into new city then they ask about price because they have no experience about the worth of materials in new area. It's true that rich people sometimes don't look at tag of price because they have lots of money and buying something has no effects on their income or earning while poor man will first ask about the price so if they can afford they will buy otherwise they will not buy that thing which is expensive.

Price will only effect your decision if you have limited amount of money but if you are a moneyed person then you will not think about expensive or less expensive things. People often wants to save their money therefore they first look towards price tag as everything is so expensive that a common man cannot afford unnecessary and expensive things.

If you have such kind of interest and olab for yourself, it is important for you to work smartly so that you can make the kind of money that you will see it as a stress for you to look for price tag before you buy something. There are people that live there life like that.
Mostly the to are CEOs and investors that have sufficient funds to spend. Since you are not reached that particular level, it would be important for you to keep working and hustling so that you will have a better tomorrow and take care of people around you without any stress.

I actually agree with your post OP, if you started from the bottom of course you would experience all of the experiences before reaching the time you wouldn't even need to look for the price since you already afford it. Of course, if they started at the bottom they wouldn't afford such pricey clothes or accessories so it would be a habit to check out for the price if it's fair to their quality, cause it would feel like an impulsive customer to pay for something that is not even quality. I also observed that even rich people still prefer to wear cheaper clothes cause they have the mindset that "the goal is to become rich, not to look rich" or something like that because it is actually reasonable cause you don't need to prove anything by buying any luxurious things, only if its for investment.

Rich people are much better at looking at price tags when they need something to buy and most of them look at quality, not price. But I don't agree with the statement about spending money on things that are not worth paying for because there are many items that look ordinary but have quite fantastic prices. When rich people intend to invest in valuable assets, they will not look at whether the asset is appropriate or not, but rather at how they can make a profit by buying it.

I think this is the behavior of people whose wealth is still limited and perhaps fall into the middle category. To perceive the general level of rich people there may be differences and when my assumptions say like this it is not certain that other people can agree on the same thing because the differences are actually what makes it more beautiful.

The phenomenon we see now is that anything will be done if people like us want to buy something or get a product service. Well, what you said above may be true and this is synonymous with the term financial independence, but also the ability to make smart and responsible financial decisions, which means being flexible and realistic.

There are two practical definitions of "price tag" for rich people; comfortness and prestige. Rich people tend to buy a product that is a more expensive product in comfort place rather than to buy the same product in a crowded place, for example; they choose to have lunch in five stars restaurant rather than to have lunch in public restaurant.

being rich people is actually about having more freedom at choosing thing, because they can afford more things than other people. price tag is a absurd stereotype for people who care more about prestige, not about the price itself.

These people will very quickly become poor again (living from paycheck to paycheck, no savings, and if an economic crisis occurs, they will experience very great difficulties). Wealth doesn't lie in spending your capital left and right on all sorts of rubbish without regard to the contents of the price tag.

Reasonable people won't want to overpay. It is a fact. Because a lot of things are overrated, in terms of the price tag. And fools, that’s why they are fools, to buy an iPhone at their price spend money thoughtlessly.

Exactly. Comparison of price and quality of the product. If this meets your requirements, then purchasing is inevitable.

It also depends on the person, there are also many people with a lot of money who buy the newest and most luxurious things without bringing anything important. some are simple, it all depends on your mindset.

I myself always buy products by looking at the quality. If the quality is good then the price is not a problem because the price is not a benchmark for whether the product is quality or not. Don't be a consumptive consumer, buy what you need, not what you want.

You may be correct, and at some point you may not entirely be correct. You go for a product simply because you need or want that product so if you really wanted that product to the extent of going for it then that means the product is worthy of purchase and at that point the price shouldn't be the problem. Except maybe you really don't need the product or the product isn't that useful to you. For instance, you go to the supermarket to get groceries, you can't tell me you'd go and start looking at the price tags one after another before putting it into your cart. No you'll simply pick everything you need and ask for the price of everything, except you don't have that kinda money to throw around.

Or maybe you're looking for a quality clothing company to get quality clothes, and maybe you got a recommendation that suites your taste and fancy and you decide to go check em out. You get there, check em out and you're very impressed with what you see because it's like nothing you've seen before. Trust me my friend, at that point, if you're rich? Then the price wouldn't be a problem because you wouldn't mind paying any amount as long as you get what you really bargained for.

I'm not saying being rich should make you start spending on everything and anything you see and like, No, liking something is totally different from needing something. You can check for prices of things you like but when it's something you need? The price shouldn't be a problem.

If I were a rich person, I would still look at the price tag of a product. If the product can provide benefits for me, I will buy it. But if not, I won't buy it. As simple as that. Rich people still look at the price before deciding whether to buy it or not buy it.

They do have a lot of money, but they also pay attention to the benefits of the product. Most people buy a product just because it is a new trend, so they forget its benefits. This is what makes many items in our homes not provide long-term benefits.

Rich people can also be wise when it comes to buying products. They will always check everything and often go so far as to compare one product with another. And if they get what they want, they will immediately buy it even though the price is expensive.

You want to earn enough money so you do not have to look at the price tag on the product then it means that you earned the money through fraudulent means or you are a trustfund baby, inheritance, gambling, as it is only those who earn through these means who doesn't value the work that goes into acquiring such money. They therefore spend it without a single respect for it. It you work for money through blood, sweat, tears, and you are rich, you will want to see that every single dollar purchase was worth it.

Not looking at a price tag? I always hear this in networking business seminars when their motivational speaker has a mindset. Because that's one of the ways they hype their viewers.

Now here in what we are talking about, if you are a rich person, there are still many rich people who ask the price they will buy. Most of the rich people are stingy, that's why they always ask the price tag, but when it comes to their business, even dear, they don't mind the costs because, of course, it produces money for them.

Some self made millionaires are really into that since they always make sure that what they buy is really up to their budget and they don't want to exceed on their limits that's why they always look at the tag. For them money is not easy to earn that's why they need to protect their wealth that's why all their expenses is counted or monitored.

Maybe those people saying that rich people is not looking at the price is just looking at those guys who didn't earn that riches, they became rich its because there parents is so wealthy that's the reason why there's no guilt feeling at their side for spending a lot of money that's why maybe that's the reason why they don't care about looking at the tag since this people think that paying is not a problem for them because for them money is not really a big problem.

IMHO, the term "being rich means not looking at price tag" means that, if a person wants to buy a new iPhone or any other item and he has enough money that he doesn't care about the price tag and he buys it without worrying about the price he had spent on it then we can call that person rich who don't care about the price tag.

It does not mean the rich who don't look at the price tag will waste their money and he should definitely avoid that, but what this term would mean is, if you are rich it means you must be aware of the finances and must have some little understand that we should spend money on items that don't become a liability for us instead become an investment for us.

So, the rich are not idiots well if we are talking about some spoiled rich kid then it's another thing.