Topic: Do you have Same problem or you know someone who got same problem?To spend money - page 4. (Read 761 times)

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.

We cannot say they are stingy to themselves. We may think they are wealthy and deserve to live in luxury. These people actually have budgets which they are very careful not to exceed. They spend on only items or services that are very essential and go for luxury only if it is very necessary. All their financial decisions are made after a careful thought.

Though we still have those that are extremely economical and frugal in their spending. Are we supposed to be bothered about how they spend their own money?

I don't really think that's the issue if i'm being frank if someone can afford thing and want that thing they'd just go for it but some of us crypto investors like to be modest and know that money not invested is money wasted so despite having money to afford such thing maybe most of successful crypto investors just doesn't really have the urge to buy all those luxurious stuff.

maybe there are certain people that despite already accumulated generational wealth from crypto, feels intimidated with these luxurious stuff becasue they aren't used to it. but these people are outlier because lets be frank the more money you got the more confidence you get. so I don't think the luxury services you're talking about missing out to capitalize on all these new money.

There's no issue with that, they've worked hard and earned that so they've got all the decisions on how they're going to spend their fortune. But the wealthy become wealthier because they're delaying their gratification and they're reinvesting their fortune into something else. At the same time, they take advantage of the wealth they have through luxurious things, services, cars, houses, etc. As long as they can maintain their lifestyles based on how much they're earning, I don't see any issue with that. There are wealthy people who act lowkey and spendless because they have a different drive and most of us are doing things for the experience and it's true because we only live once. However, not going to the point that spending your fortune on such things will make you poor again. I think the issue only starts when someone's trying to play rich and purchase those luxurious things and then they're all credit although they have the capacity to pay in cash, I understand the logic there as people like to do things in that way and it's either their businesses and investments pays for that gradually. But that's me, if I can't afford it in cash, I won't touch it.

Spending money...!! there are people who believe that a Mercedes is a luxury, they believe it, but there are others higher up who are on another level, Buggatti, etc... luxury, which is luxury; I don't think buying a Bugatti (this is a specific example, it could be anything else) is a luxury compared to the Mercedes...
So,  luxury can be measured when you have money to spend excessively, and that is the reason why the offer exists, if the offer did not exist, material luxury would cease to exist...  : )

but thats the fun part...
.. you dont need to dress in a suit to get served by a tailor to buy a suit.. the fun part is to dress casual and surprise them by purchasing stuff even if they dont view you as worthy of stepping into their building..

its like the movie pretty woman that got ill treated by walking into a high class fashion store in her normal clothes and then later when the shop owner realised she could afford the stuff the shop owners attitude changes

it actually fun to get off a plane in normal day wear that looks like you belong in economy class and then walk into a tailor to buy a nice suit. their attitude changes in an instant and fun to witness

enjoy your wealth. dont worry about how other people think. just be entertained by their attitude change when they realise they were wrong..
watching them change from arrogance to suck up is a beauty to see
..
next level mindset is when you know you can buy mansions, first class flights, expensive cars but dont need to buy them because you dont care about how others perceive you. you just buy what you want and not forced to buy luxury just to appease others
..
other enjoyment's are where high class restaurants have the perception they will get high value tips.. however when arrogant give them the minimum, but then give the high value tip to some down-on-their-luck waitress of some greasy spoon cafe.. there is an astonishingly different reaction, the greasy spoon waitress appreciates it much more

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 ?