Topic: Being rich = not looking at price tag - page 8. (Read 1164 times)

Your price tag don't show that how much rich you are it shows that you are reach but every time showing rich is not worth it. If you are rich everyone aware with your financial condition your movement what you wear how you travel from a place to another place. That's all things show that's how much rich you are there is not any kind of price tag you have to show to prove your richness if you are rich everyone knows that on your movement your transportation etc.

That is all about the perspective. I mean if you are crazy rich, like Richie Rich then why would you want to look at the price tags for small to optimum stuff that is required on a daily basis? However, such riches must be looking at proper accounting when it comes to investing in large stuff like buying an entire villa, or maybe a private island or jet. Well, we can say that these are the choice factors that they might be considering while considering the cost. Because that actually costs them a huge chunk when buying. This is why I opened up a dialogue by saying it all depends on their perspective really and also what they buying and whats the value of the price tag/stuff that is under tender.

IMHO, those that have that attitude when shopping are the middle class. Most of the rich people are acting well and they always check out the price tag because they don't want to be a crazy spender.

That is true, I agree that they are wise in money and if they ever spend on huge amounts, they would always think of many times before doing the purchase.

Rich people are always looking at the price tag, you know why? Because that's how they got rich, by valuing they money they earn and spending it to things that has the right value or has value to them. Rich people were not reckless in spending, again that's how they become rich.
The reality behind the people who don't look at the price tag is that, they aren't really rich, they are pretending to be and they tend to be showboating all the time.
Rich people knew how to spend wisely and earn even more wiser, so not looking at the price tag does not make any sense.

I think this saying doesn't really mean that every time you wouldn't look at the price just because you're rich. Real rich people knows how to value their money since they worked for it. Yes, they spend a lot but they spend their money smartly. I think this saying only applies in some scenarios like going shopping on a brand that you often go to. You know the range of the items there so when people with money buy something from that brand, they won't bother considering much on the price since they know they can afford it. Additionally, this saying doesn't only applies to rich people. I'm not rich but when I have enough money and want to spend on something I want, sometimes it doesn't really matter to me how much the price is since I want that product and I can afford it.

Being rich is not equal to looking at the price tag but changing their lifestyle. People who are rich have been able to get what they want, but to maintain their lives at the same level, they have to spend more than normal people because they have to cope with their jobs, community circles, and everything else. Let me explain with one example: a friend of mine worked for a local company near his hometown, and after two years, he got a job in town at a high-tech company. Suddenly, he changed his appearance, dressing, and everything. It doesn't mean that he wants to show off, but he tries to adapt to his new city life. So the price tag is always an issue at a certain level for them as well, but they don't have a choice.

We are human with different ideology, different societal believe and adaptation, so there is no way that we will like the same thing. I have seen a wealthy person with personality of show off and I have also seen wealthy person who like lowkey life, doesn't even want to be notice. If you should put the two of them in a studio for interview and asked them to justify "Been wealthy and show off", they are going to have different opinions and if you listen, you will understand that the two of them have valid ideas.

Its all about mindset, in football for example,you don't see Ronaldo as a wealthy person yet he love luxurious life and yet he spent more of his wealth in helping people and yes he is proud, that is his lifestyle and you take away that from him. On the other hand, Messi might not be as wealthy as him but been a rival in football for decades, he is also rich to some extent and he prefer to live average life, doesn't like to show off, some of the luxurious items you see with him are more of promotion that he doesn't have choice than to use in other to promote them. Look at Kante too for instance, he loves to use one car that is not even expensive, that is different personalities.

The richer the person, usually the less they spend and the more they scrutinize purchases. The exception being people who inherited their money. Any self made person has respect for money though and doesn’t waste it. This is sort of the weak men create hard times saying. Strong men build wealth and spend responsibly, weak men inherit it and spend like drunken sailors.

Well, to look past the price tag, you'd probably have to be very rich. Or be stupid. Money tends to run out quickly. Anyone who owns capital understands that money should always bring profit. Simply by spending it, it will disappear as desires can quickly increase. Therefore, a normal rich person will know the price of what he wants to purchase; of course, we do not consider those little things that seem important to us, ordinary people. But things like buying real estate or a business always require careful consideration of the cost. And from here we see the concept that rich people will always get richer. And those who do not know how to manage money correctly will go bankrupt very quickly.

I agree, but I guess you can look at it like they don't need to look at the price tag of a product they deem they want, not necessarily any product that they can buy. At least, that's what I'd think of whenever someone says those lines (or whenever I think I want a life like that).

However I guess this just hits people who still continuously buy the newer models of iPhone. Now those are people who don't look at the price and only look at the product.

All people are not the same and those who become wealthy, some continue to maintain the same habits of watching every penny, while others take their foot off the gas and start spending more happily.

Although spending without stopping to think too much about the price is usually more of the second or third generation rich who have not suffered what it has cost to accumulate all the wealth they have inherited.

People can also find it tough to suddenly become poor just because they made the wrong choice without looking at price tags. in reality, that's just one small mistake that can affect your finances in a short period but won't be sustainable. The smart way to buy things isn't just about looking at price tags, but it's also part of wise financial management. if you have $100 and you buy items in the $70-$90 range, it's not a good idea unless you're in a tight spot... at least, when you have $100, you can spend $10-$20 on items. the rest should be saved or invested.

Patience in buying non essential items should be a habit. Using a significant portion of your main funds has the potential to deplete your money quickly, and you miss out on investment opportunities.

Price tags also have a reasonable price range. You can tell whether a product is expensive or cheap based on the brand and the store that sells it. With plenty of buying experience, you should know where to find items within your budget. Ultimately, price tags make us wiser when we're not swimming in money... but im not forget about price tag, even it will not make you instantly being poor.

You are of the reasonable side, OP. Certainly, you aren't filthy rich. Don't cite me on this because neither am I, but to be really rich is to pay enormous amounts of money for things that otherwise cost only very little.

I'm sure there are dishes out there that are served in very small amounts-- less than a mouthful in fact-- on unreasonably large plates that are very expensive.

To a certain extent, being rich means flying away from reason. Again, I've never been one, so you can challenge me on this, but there is no other way of explaining how a golden toilet paper, for example, is made and actually sold for $1.3 million.

I was very lucky to have a father who taught me nothing but little life lessons growing up.  Whether it was little things or big, I was very lucky to be prepped the way I was.  I'll never forget us running in to one of his friends at the grocery store and having a brief convo with him.  Once his friend left I remember him telling me that the man was the richest man in the State.  He taught me how he didn't become rich by wasting money, and that even he saves up things like coupons.  That people didn't get rich by accident.  So OP you've got a very good point here.  People whom don't look at price tags end up becoming poor by being lazy and frivolous.

Of course, it isn't reasonable to pay a price for a product or service that is much higher than it deserves or is worth. In a previous comment, I made a sentence like a rich person buying a product without looking at the price tag means that that person is rich. What I meant here was to say that price doesn't really matter to a rich person when purchasing a product. To be more specific, an individual who is unemployed and doesn't have any regular income may choose cheap brands to spend on clothes or may decide to purchase an expensive brand's product after looking at its price tag. However, a rich individual will not check the price of an expensive macrame product because his/her financial situation will be sufficient to cover the price of that product.

Of course, it is very unreasonable to pay a price for a product or service that it doesn't deserve or exceeds its value. However, it shouldn't be forgotten that rich individuals generally buy these without checking the price tags. I would like to point out again that although the price of a product or service is above its value, unfortunately many wealthy individuals buy it without checking the price tag. Although this isn't a logical thing these people behave this way because their financial situation allows it.

it honestly comes down to personal preference and thoughts process, there are some rich people that spends their money on something branded with overpriced price which definitely screams overly consumtive behaviour but they didn't care because whatever they are buying their income gonna exceeds their spending.
sometime some people just got too much of an income that they are buying something without even looking at the price tag but honestly its definitely wiser if someone could spend less for something useless and instead spend for something better regardless whether they have high income or low income after all, being responsible toward spending is always good.

I don't see anything wrong with that kind of mindset if you understand the value of your money. Understanding the value of your money would make you cautious on the things you purchase if it is worth it, no matter what the price is, if it's worth it you will buy it. That kind of mindset is about the worthiness of the purchase, if it's worth no matter the price is. One situation where it is applicable is where you treat your whole family and not caring about the money you will spend, you are just caring about the quality of experience you and all of your family member will have after spending your money. Seeing your family members happy with the treat you gave is reasonable for what ever money you had spent.

For me, as long as we are happy, the happiness we receive or gave is more valuable than the money we spent. It is why we are striving to get rich right?

That's really true, there are very rich people that don't look at the price tag when they are buying things but that doesnt mean they'll pay an overprice item because even if they are not looking at the price tag, they know the price range of what the are paying.

Don't think that if someone that is so rich pays for an item that has an unreseonable price they won't complain after the item is punch on their card. These people reach on that status because they know how to manage their financial aspects effectively, so they won't be wasting money if it's not worth it.

This doesn't make sense to me, why would I be willing to get scammed just because I am rich? I mean "not having to look at the price tag" as an option because you are way too rich is understandable, but that doesn't mean that you shouldn't, you should still look at the price tag no matter what. This is a typical "comes from money" type of action, if you were born in a castle and lived with rich parents all your life long then maybe you would do this, but that doesn't change anything, you SHOULD look at the price tag. Anyone who wasn't rich from birth would know that just because you have the money, that doesn't mean you should pay ten times more than what something is worth.

An individual that doesn't care to look at price tag should either be stupendously rich or simply stupid, especially when buying in large quantity. This is by no means coming as an insult to these people, at least one thing is clear that person does have enough money to throw away, perhaps he has a store house of money. But seriously it depends on the type of items that the person is picking, if it's something like petty goods that doesn't cost much that the person is picking in a fancy shop, he might not bother to check the price tag or ask price, because he'll think that they'll add extra money for the comfort of their store. You might even feel pleased and not mind buying at a higher price, because you'll think at most the seller will sale at double the price.

It's OK for a rich person to not consider looking at price before buying, it might be his way of enjoying himself, so why worry for him. But if a poor person doesn't look at price before picking and willing to pay at any price, well I'll  say the person really needs mental care.