Although money is just a tool, we let it mess with our minds and make us do things that don't make sense. People who have recently become wealthy look like they don't fit in those high-end spots. Plus, it's not about how much they can buy; it's about feeling like they belong, man. Self-confidence is important, even when you're around all that fancy stuff
Even loaded people hesitate. Why? Simply because putting cash into a problem does not guarantee its resolution. Confidence and the ability to walk into a room like you own it are not suddenly given to you. Irony, right? Even if you have a lot of money, you can't buy that feeling of connection
Luxury brands aren't getting it. The emotional and mental hurdles people face are not understood by them. Accessibility is just as important as making something available. It's about becoming friendly to others. Man, the economy of the future needs to figure this out; this is where money and people meet
High-end brands could reach a whole new audience if they understood this. Not to lower their standards, but to take away the mystery of that feeling of being exclusive
Topic: Do you have Same problem or you know someone who got same problem?To spend money - page 2. (Read 761 times)
July 27, 2024, 11:04:03 AM
July 27, 2024, 08:56:00 AM
All of these happen as a result of misplaced priority among some newly wealthy persons. Often times people misplace their priority while trying to enjoy their life due to how much they have wallowed in poverty in times past, and before they realize it they have squandered on irrelevant luxuries money they ought to have invested to reproduce more wealth. It is a common logic that when money regular leave ones wallet without correspondent or higher returns it's definitely going to get exhausted but some people don't think at all.
That is mainly because people who are newly wealthy are people who have no idea what to do and how to do it. I personally believe that the best thing to do in that case would be making sure that we are dealing with people who know what they are doing and nothing bigger. I get that it may not sound too critical but if they focus on keeping the money growing, instead of spending the newly found money, then they will do much better with time.I think that is the part that will take some time, and I hope that people could see how that could be helpful as well. I am not saying that lets see what happens, we are just going to end up with a lot of people who do not know what they are doing, which is the main issue.
We could make it work one way or another, could be something that we could all care about, and not spending money will mean that you are going to not go broke. But, the purpose of making money is to spend so that leading a comfortable life. I mean not spending means not starving but spending on essentials and skipping the all others. Theoretically, it is okay but not sure that everyone could follow.
Even if we have the thinking to work things out with the money at hand for more money to be made, and we're gathered by some extravaganza set of persons that want to enjoy life by all cost, there's every tendency that you'll be dragging foot in moving forward with the decisions of trying not to spend on frivolous lifestyle. But it's easier to grow our wealth when I'm the midst of people with same goal of wealth creation. Like they say, iron sharpeneth iron.
July 27, 2024, 06:30:36 AM
All of these happen as a result of misplaced priority among some newly wealthy persons. Often times people misplace their priority while trying to enjoy their life due to how much they have wallowed in poverty in times past, and before they realize it they have squandered on irrelevant luxuries money they ought to have invested to reproduce more wealth. It is a common logic that when money regular leave ones wallet without correspondent or higher returns it's definitely going to get exhausted but some people don't think at all.
That is mainly because people who are newly wealthy are people who have no idea what to do and how to do it. I personally believe that the best thing to do in that case would be making sure that we are dealing with people who know what they are doing and nothing bigger. I get that it may not sound too critical but if they focus on keeping the money growing, instead of spending the newly found money, then they will do much better with time.I think that is the part that will take some time, and I hope that people could see how that could be helpful as well. I am not saying that lets see what happens, we are just going to end up with a lot of people who do not know what they are doing, which is the main issue.
We could make it work one way or another, could be something that we could all care about, and not spending money will mean that you are going to not go broke. But, the purpose of making money is to spend so that leading a comfortable life. I mean not spending means not starving but spending on essentials and skipping the all others. Theoretically, it is okay but not sure that everyone could follow.
July 27, 2024, 04:51:23 AM
Do you think that's the issue ?
I don't think that's a problem, because when someone has a clear income and makes them have a lot of money or become rich, of course their lifestyle will also improve. That is a natural law which in my opinion will indeed happen, in fact I think all people who were previously in the lower class, but when they become rich, their tastes and lifestyle will tend to rise. But what you have to pay attention to is managing your money. We must be able to manage our finances well by considering carefully when spending a certain amount of money on something.Many young people nowadays have a mindset with a perception of life only once, so they do things that sometimes don't make sense or are even beyond their abilities, this is something that must be paid attention to. It's true that we only live once, but that doesn't mean we have to do everything just like that, of course there must be good consideration so that we don't regret it in the end. People who have a lot of money in a short time usually buy what they want, not what they need, that's absolute, because I think everyone feels that way.
I believe that we need to just keep on trying to do better, and trying to live better, and have as much fun as possible. Because tomorrow isn't promised, and all you have is today. This doesn't mean that you should ruin your tomorrow, do not take out a huge credit, go party in a yacth with drugs and then suddenly realize you have years to live and no way to pay that debt back. I am just saying, if you keep on saving so much that you miss living today, then you are going to regret it later on, you should try to keep your money as much as you can, but also try to have a happy life, not regretting it due to saving. If you regret not having a better life for other stuff, that's understandable, but if you regret it because you saved, that means you could had better life but ended up not having it because you wanted to just have even better later on.
July 25, 2024, 03:24:07 PM
Many newly wealthy individuals often feel intimidated by the perceived exclusivity and sophistication associated with high-class services
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
There are huge amounts of people out there who stretch their salary to the limits every single month and barely save anything at all. When you're barely scraping by and earning a basic rate, then it's somewhat understandable that you want to just enjoy the little things in life - some a takeaway food, or a car on finance, or the latest Apple watch and you might be happy with that. However even on a low salary, if you can save or invest anything - even small amounts like $100 a month, it can start to set you free and it comes a bit addictive by itself. When you start to save more and more, then you realize that having that safety net and buffer can be very useful, then you start thinking about how to grow it more by cutting out wasteful spending.
July 25, 2024, 01:59:51 PM
I don't have much to contribute in this because I know very well that spending of money is basically based on the individual weekly or monthly generating income and also the load or challenges that it face for it family so I believe that the way Mr D spend it money it will not be the same way Mr E spend it money so the difference is based on the kind of lifestyle you live all the kind of people you associate with we determine how you spend your money and they don't forget to know that your generating income can make you to spend much based on your luxury life
July 25, 2024, 09:11:33 AM
All of these happen as a result of misplaced priority among some newly wealthy persons. Often times people misplace their priority while trying to enjoy their life due to how much they have wallowed in poverty in times past, and before they realize it they have squandered on irrelevant luxuries money they ought to have invested to reproduce more wealth. It is a common logic that when money regular leave ones wallet without correspondent or higher returns it's definitely going to get exhausted but some people don't think at all.
That is mainly because people who are newly wealthy are people who have no idea what to do and how to do it. I personally believe that the best thing to do in that case would be making sure that we are dealing with people who know what they are doing and nothing bigger. I get that it may not sound too critical but if they focus on keeping the money growing, instead of spending the newly found money, then they will do much better with time.I think that is the part that will take some time, and I hope that people could see how that could be helpful as well. I am not saying that lets see what happens, we are just going to end up with a lot of people who do not know what they are doing, which is the main issue.
July 24, 2024, 03:03:26 PM
Many newly wealthy individuals often feel intimidated by the perceived exclusivity and sophistication associated with high-class services
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
I am trying to understand the issue... is it to spend money or not? On some nice things? Newly wealthy or newly poor what's the difference? We all want better things for ourselves, and we "overspend" on some things for sure, but what's the connection with ' Luxury services missing their profit margin of the potential clients money"?! Who cares about them? It's your thing, your taste, and your wallet! If you wish to have something "luxurious" it's up to you, many of us make these choices every day.
As by crypto what? In the past 15 years (more or less) crypto has made many millionaires & billionaires, and I am sure there will be people with trillions in crypto one day... so what? Each of those people has their own desires to spend money on them, it's a normal thing... Each of us chooses where to spend money and on what things, that's not an issue, it's just a taste & wishes!
July 24, 2024, 02:16:34 PM
Many newly wealthy individuals often feel intimidated by the perceived exclusivity and sophistication associated with high-class services
It is a new environment in a new social class and a new lifestyle that can be intimidating, it may take some time for a newly wealthy individual to adjust to this new life. It is a huge challenge to society that people have chosen to judge individuals based on how people look, the clothes they have on, the car they drove in and all that. While it can be a measure of wealth, it is can be misleading because some individuals can appear rich or wealthy without really owning anything big, while someone who has achieved financial freedom and chooses to be very simple can be mistaken as poor. It's much better to be rich than to look rich.
I say social media has made people want to live fake lives of appearing rich without actually being rich. 
July 24, 2024, 12:37:14 PM
There alot of people's who has problems on how to spend their money and those people's are those who find their money in difficult way, which are the people's that hustle very well they swelth before they become wealth.
But you see some people's that just earned money on a lucky way they don't know how spend their money they will be spending the money in a unnecessary way buying a car that didn't supposed to buy instead of them to help those that noting to eat in a daily basic so that they can even get rewards, but they will not there only about to change their lifestyles by dressing the way them wish.
But you see some people's that just earned money on a lucky way they don't know how spend their money they will be spending the money in a unnecessary way buying a car that didn't supposed to buy instead of them to help those that noting to eat in a daily basic so that they can even get rewards, but they will not there only about to change their lifestyles by dressing the way them wish.
July 24, 2024, 11:16:57 AM
Luxury items are what wealthy people sell to poor and working class people in order to become wealthier.
I consider most luxury items to be mediocre appreciable assets at best and a liability / burden at worst.
It's much better to be rich than to look rich.
I consider most luxury items to be mediocre appreciable assets at best and a liability / burden at worst.
It's much better to be rich than to look rich.
July 24, 2024, 11:08:05 AM
A lot of people are like that and I sometimes put myself in that category. Not spending on luxury brands does not mean the spender is not getting the satisfaction he should be getting from an alternative product. Sometimes, the items or services we tag as luxury are just there because it costs more to get them, other products with lesser amounts can actually do better. These people who select what they spend on are called rational spenders.
You have just nailed it man. Yea most people have money to spend on luxury but chose not to because they see that those item don't worth it. I feel same thing too that luxury item are overhyped to suppress the poor. If you check properly all luxury materials sold in the market also have the casual that can be affordable to the low class people and someone who is rich may chose to purchase it and pretend to be a usual guy. But that doesn't mean he is usual except a need to show up arises. Just like @ Franky made a reference .The society expects so much from people that even those who cannot afford certain lifestyles begin to live in debts just to live up to expectations. Any business which gives its customers some discriminatory treatment has lost it and I won't be patronising such a business if I notice such.
July 24, 2024, 10:17:56 AM
Many newly wealthy individuals often feel intimidated by the perceived exclusivity and sophistication associated with high-class services
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Some people make money with many objectives on their mind which they must fulfill in their lifetime. Some people will raise from nothing to something tomorrow only for them to see them display wealth through cars, houses and buy all stuff of materialistic things and there some people that makes money and do incredible stuff through donations to orphanage and that's how they want to be recognized and many more huge donations but will have to be on a lowkey.
I just think that we all have different lifestyles, didn't you see who Elon Musk is today? He was not near among the top richest people by forbe but look at his lifestyle till date. He claimed he doesn't own a house even though that might subjective to some investigation, that's how he choose to leave his life. There are some people that if they have such positions, they might want to display materials. However, I have a question for you, have you seen a public entrepreneur that display wealth to people? I think they are rare.
July 24, 2024, 10:13:30 AM
I have been following quit a lot of rich/wealthy people and from what I learned, they don't have the luxury to dress so elaborately and flamboyantly, as in, they just feel comfortable in their skin dressing simple except for those that are celebrities and by virtue of their career want to stay trendy as a part of their lifestyle.
It's actually the poor and average people that loves dressing luxuriously and they do this by spending the only money they have to just impress, to feel among, trying to fit into a class they are not found going by their real networth. I think I prefer living that life where I have to take people by surprise about what they think about me different from what I really worth.
It's actually the poor and average people that loves dressing luxuriously and they do this by spending the only money they have to just impress, to feel among, trying to fit into a class they are not found going by their real networth. I think I prefer living that life where I have to take people by surprise about what they think about me different from what I really worth.
That's not entirely true, rich people like to dress simply because they are too familiar or even too bored with those expensive things. In their eyes, those are just cheap things or maybe they are too busy and don't even have time to take care of themselves, so they have to dress simply to bring themselves the most comfort. And just because they dress simply doesn't mean they will live simply, many people go to work in super cars, eat expensive things or live in luxurious houses...Meanwhile, things that are too boring for rich people are dreams of poor people, so some people will sacrifice a large amount of money to buy expensive things but have no intention of showing off to everyone. Sometimes they just want to fulfill their dreams or reward themselves...because they have worked hard all their lives but never enjoyed life.
Don't be too shortsighted to try to judge and criticize others just by the way they dress.
July 24, 2024, 09:55:04 AM
I equally watch such movie yesterday, when a restaurant owner who has not been around for many years came around to see how his manager and workers are treating people in his restaurant, he decides to appear simple and he was treated bad due to his appearance and he was angry at them and decide to fire his workers who didn't know it was the boss and it was their first time meeting their boss. So it's fun how people act by trying to switch immediately they noticed you are not what they think you are.
This is one of the issues we are facing now in our society. Some challenges we are going through now in our society is as a result of our actions. I personally don't mingle with people that respect only the rich people. It is why many are forcing their way to make money by all means even if it means to kill because the society does not regard or respect them without money.
Majority of people living extravagant lifestyle and see it as luxurious are actually doing it to impress others and nothing more. I know the importance of being classy but it becomes unnecessary at some point. You don't need to spend extra too much to prove your worth. By the way, you don't need to prove it to anyone that you worth it, it will only create hatred for you.
July 24, 2024, 09:17:58 AM
It's actually the poor and average people that loves dressing luxuriously and they do this by spending the only money they have to just impress, to feel among, trying to fit into a class they are not found going by their real networth. I think I prefer living that life where I have to take people by surprise about what they think about me different from what I really worth.
It's a sad generation that many people nowadays are living to impress other people rather than to check themselves out if there's progress in their lives.Social media's influence made them to be like that.
Well, they've got progress and that's why they're availing these luxury things that they think will uplift them. I'm not against to it if they are able to afford it without any having difficulties in life.
Because emotional satisfaction is hard to please and if that's how they are taking this challenge to themselves, I'll let them be.
July 24, 2024, 05:12:45 AM
It's actually the poor and average people that loves dressing luxuriously and they do this by spending the only money they have to just impress, to feel among, trying to fit into a class they are not found going by their real networth. I think I prefer living that life where I have to take people by surprise about what they think about me different from what I really worth.
It's a sad generation that many people nowadays are living to impress other people rather than to check themselves out if there's progress in their lives.Social media's influence made them to be like that.
Well, they've got progress and that's why they're availing these luxury things that they think will uplift them. I'm not against to it if they are able to afford it without any having difficulties in life.
Because emotional satisfaction is hard to please and if that's how they are taking this challenge to themselves, I'll let them be.
July 24, 2024, 03:01:25 AM
It's actually the poor and average people that loves dressing luxuriously and they do this by spending the only money they have to just impress, to feel among, trying to fit into a class they are not found going by their real networth. I think I prefer living that life where I have to take people by surprise about what they think about me different from what I really worth.
It's a sad generation that many people nowadays are living to impress other people rather than to check themselves out if there's progress in their lives.Social media's influence made them to be like that.
Well, they've got progress and that's why they're availing these luxury things that they think will uplift them. I'm not against to it if they are able to afford it without any having difficulties in life.
Because emotional satisfaction is hard to please and if that's how they are taking this challenge to themselves, I'll let them be.
July 24, 2024, 02:35:22 AM
~
Being wealthy doesn't mean that you have to start using wealthy-ish stuff though? You can love off of whatever you were originally using or comfortable with. If you find something better then go for it but I don't think it'd necessary to actively look for a much more expensive alternative, e.g. switching to an iPhone just to idk, flaunt that your rich or something? Heck the first idea I got when I received a pretty big sum was to upgrade my personal stuff not because I wanted to feel rich, but because I wanted the upgrades themselves.And no, it's not a problem for luxury businesses. They target the rich, more expensive but less clients so pretty sure it's already part of their thing.
July 24, 2024, 02:31:48 AM
Many newly wealthy individuals often feel intimidated by the perceived exclusivity and sophistication associated with high-class services
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Even If you have quite a lot money it's not like that you walk in some high price Luxury place or try to buy high class product or service If you not use with high class even If you want to really spend some money and sometimes we all want to spend it "we live only once "
But that's how the Luxury services missing their profit margin of the potential clients money
As by crypto and other ways more and more average kind of people getting wealthy to afford a lot expensive things
Do you think that's the issue ?
Most of the luxurious products are overpriced sh*t, that is sold under a big price tag, only because it is associated with a big brand.
I've heard many stories about luxurious clothes, that are manufactured in Bangladesh for 50 USD being sold in Western Europe/USA for 2K USD. We live in a clown world. When you buy and wear premium products from "luxurious" brands, this manifests social status. The rich idiots always have to brag about their wealth and show their high social status to everyone. I really hope that most of the crypto bros stay away from this fake BS. Everything in the luxury industry is vanity plus good marketing.
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