Topic: Being rich = not looking at price tag - page 9. (Read 1248 times)

This is actually a false belief. Even if you have all the means to buy, you would still want to check the price of a certain product so you can compare the prices and the quality of the product for you to be able to know which offers the best value of your money. That is not pertaining to how rich or capable you are as a consumer, but it only means that you need to assure yourself that what you bought is worthy of its price.

However, some may not consider looking at the price tags because by just looking at the quality of the product, they can decide already if its worth to buy. But people these days are becoming more practical. They will check the price tag first and decide if its worth buying or not.

That's true.

I think it's just way simple bragging when they say that they don't look at the price tags anymore when they buy. But simply on their minds they're thinking if it's a worth it purchase or not.

Well, even the richest people, they're living within their means and they're looking at the price tags and they don't wanna spend their money on something that's not worth it.

If I become rich, I wouldn't apply that type of logic of not looking at price tags and say that I can purchase anything. The point is, you can buy everything but you know how to value your money.

thanks to bitcoin my worry of money has gone..
i actually like the feeling of walking into a charity/thrift store knowing i could buy the whole stores contents. but even i will look at the price tag of individual items. being frugal is another method to get rich.. not looking and just spending is a way to lose your money.

i like going to car dealerships knowing i can buy many display current year models, but then ask to see their trade-in, previously owned, last year models

for people that want to get rich so they can spend without checking the price are the fools that will lose it all faster then they gained it.

you dont become or stay rich by spending it.. you become and stay rich by saving it. knowing you can buy anything you like but not having to buy everything, just knowing you can

Unfortunately, it's quite common behavior. The majority of people I've met have the tendency to spend more money than they earn. While it's understandable to do it to a certain degree, it's ultimately disastrous for your finances. A higher salary should result in growing your savings account and putting some money aside for investments. At the same time, you'll be able to live comfortably while you'll be building your future simultaneously.

Improving your mood through shopping puts you in a vicious cycle of needing to shop in order to feel better. Whenever you're down, it provides you with the necessary dopamine boost, which will get you through a tough day. It's not bad to occasionally shop for a few clothes, etc., but it can easily become an addiction. Moreover, it can also easily turn you into a hoarder if you keep purchasing unnecessary stuff.

I haven't gone shopping for clothes for quite a while, and at the same time, I've gotten rid of older clothes that didn't fit me or were worn out. I've now tidied up my wardrobe and significantly decreased the number of clothes I had. I generally prefer to have less stuff that I'll actually use. I'm now claiming that I'm a perfect example of minimalism and against capitalism ideals. I've done my fair share of junk shopping from Temu or Aliexpress, but at least the majority of the items I bought were tools or that can be put to good use.

Overall I tend to weigh price and quality as the most important factors when deciding what to buy.  I wont buy something just because it is cheap if it seems like its junky or I dont need it.  But I also dont want to spend a crazy amount on something that is not worth it. Occasionally other stuff like certain features or my specific needs at the moment also play into my decision.  Like if something is really well-made and will last a long time, I might be willing to pay more than usual. But finding the balance between cost and quality is usually what seals the deal for me.

For example, when it comes to technology, I weigh features against the cost. A higher-priced gadget with advanced functionalities might be justified if it aligns with my specific needs and offers a significant upgrade in performance. But it's not just about big brands or ridiculous price tags.

To cut my whole explanation down, people who will sound that way are people who have not really made the money they seek.

By the time they start marking money and see how uneasy it is, they will have reason to spend the money wisely in a way they can give an account of what they really spent the money on.

Unless someone abruptly gets a huge sum of money, they can spend foolishly until the money gets exhausted. As a norm, most rich men who has made a lot of money today is because of their effort, stress, and sleepless nights to make wealth. It's very difficult for such people not to look at the price of what they are buying. They will definitely look to see if the value of what they are paying for is worth it.

It will be unwise for someone to just spend money on things that is not worth spending much money on just because their excessive money to spend. Any person who works very hard to get his money no matter how rich the person is wouldn't want to spend money wastefully on things are not worth spending much money.  It is only a thief that will spend money on worthless things because he doesn't understand what it takes to make money. People who have value for money will always be conscious how they spend money.

If it’s about the food no questions about that, but if its about the things that you think is over price, I guess even if I’m rich I will still not buy it. There’s a lot of businesses that relies on their name that much, and they are too confident on their brand that’s why the price is too expensive most of the time but if you can find a better alternative, then why choose the expensive one? There’s a lot of rich people that don’t spend that much on material things, some are just living simple and a happy life.

Is a two-way thing, there are rich people that don't look at the price of goods or products whenever they want to buy something, I've seen some videos of Michael Jackson when he was alive, going to a shopping mall and pointing at every product he needs and they loaded it for him without looking at the price tag.

There are also rich persons that are very prudent with their spending habit, that whenever they go out for shopping they take out time to check the price tag of each product they want to buy, so they won't spend extravagantly. at this point, you see that there are two classes of people.
So you can choose to spend your money however you wish if your rich, because I feel is a mind set thing.

I traveled to some countries where you are rich if you do not have debts or if your revenues are equal to or greater than your expenses or even if you own a house or a car then you are rich. The definition of buying without noticing the price is extreme wealth for everyone. Every individual looks at the definition of wealth differently, but everyone agrees. However, the simplest definition is that you can buy the things you love, regardless of their price.

People love to own property and the quickest way to own property is to gain money.

Rich people are of different class but however the reason it seem as if they don't price or bargain is because they usually buy in the supermarket where the products are all tagged and not in open market. Being rich is of different level, some bargain and buy in open market but the super rich get supplies and home delivery no matter the cost. Rich is classy in all ramifications and they usually don't joke with good products, price is not of essense to those who are super rich but not the average rich.

Sometimes, being rich will force you to buy expensive products for example have you watched any billionaire drive a Toyota?

No, they drive Rolls Royse because it shows their financial status and to be honest rich people like them to be seen in such a way but it applies to the actual rich people, not the wannabe for example who think that buying an Iphone means they are rich but actually the company is selling their product for the excessive cost and they created an advertisement campaign that if you don't have an iPhone then you are poor.

This is a picture of rich people who mostly reach old age. There are rich young people who have not yet reached maturity in thinking, where they more often act stupidly when spending money to further demonstrate their wealth status in social relations or are simply highly curious about the way other rich people live.

Well this is no longer strange in my country.

That's one of the most unlogical absurd psychological issue we have. We should adjust our needs according to our incomes. That's because we have a fixed income, meaning there are limited options for us to choose from. Shoping can be done to improve our moods. But is it necessary? I say no. I imagine how a shopholic person lives out his person. He eats more then he can digest. This kind of irrational behavior will make him suffer in the long run. It's fine for the rich to spend recklessly. They have more than enough. But if you refer to those who arent that rich but still spends recklessly, those should stop at once.

It's hard for 99% of the world to fathom how people with access to millions, hundreds of millions or even billions will be operating. The only time that price starts to figure into their equations will be looking at the most expensive things - like purchasing a mega mansion or a yacht with all its associated upkeep. There's a bit of a myth that rich people can be big spenders, but I'd guess a majority of the self made millionaires got their by being very careful with their money and not wasting it unnecessarily. However if you are a big celebrity rolemodel and your career is built around fashion, you might spend ridiculous amounts on clothing without even considering the price, it just depends where you find the most value.

The reason is actually quite simple. Psychological issues, such as depression and being unsatiable because nothing is ever enough, boost our dopamine levels as we seek instant gratification. Shopping is said to improve our mood, but its effects are pretty temporary. That's why it's common to see wealthy people buying a ton of unnecessary stuff. It's an undeniable fact that money plays an important role in your happiness levels; however, there's actually a study that shows that this effect applies to a certain extent; more money doesn't necessarily mean you'll be happier as a result.

Personally, I try to avoid unnecessary spending; I honestly prefer a more minimalistic way of living; and I want my purchases to get my money's worth. For this very reason, I'll keep paying attention to the price tag, no matter how much I'm earning.

agreed, it’s still a funny thing to dream about though

it’s the thought of being able to grab something from the rack and not put it back because of the price
sometimes you have to stand there justifying the amount you’re about to spend while rich people just get it right away just because they want to

i guess most people dream about the idea of buying something just because they want it

If anything the ones that look at the price tag the most closely are the rich ones, since they will not pay more than what a product or service is worth unless they can obtain an equal or higher benefit, and while it is true they buy luxurious watches and real estate, it is also true they will never spend that amount of money in a  product that was not worth it, so that kind of thinking can only come from someone that desired to be rich but that so far they failed to achieve that goal.

How much wealth is actually considered rich? I don't think my question has an answer. Even the rich aren't satisfied with what they already have. That's why we see them fighting over power and money. Rich or poor, reckless spending should be avoided. Why does one have to spend on something he doesn't need at all? That's the most illogical thing ever. I have just enough for me and my family. But I don't spend outside of that. I consider reckless spending to be throwing your money into fire. It burns so quick that, in a glimpse of a moment, everything is gone.

Yes, I will do the same when I have unlimited money. I think that even if we are very rich, it is not wise to spend money on something that is worthless, it shows that we are stupid.
There are still things that are more useful than buying something that makes no sense at a very high price. I would rather give to charity or donate to humanity than waste money.
I often see people who are unfortunate, so I put myself in their shoes. It's something that slaps me. So I never think of doing something pointless with the money I have.