Rich and the poor who spend the most on luxury? - page 8.

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Quote from: deadsea33 on September 09, 2024, 04:41:47 AM

Haha, I see a lot of changes here. As far as I can tell by myself, I am a child of a middle class family. That's why I spend money thoughtfully. But it depends as much as to say what kind of state he lives in and what the price of everything can be. Let's say you live in a country where everything is very cheap. Your expenses will decrease a lot but you spend based on your mindset. Like I always spend a little more because I like to spend money and I'm not a spender.

In my country, people who like to spend money beyond their own needs will be considered wasteful regardless of what class their family is from. And for the matter of being wise or not in spending money, actually it is always determined by the level of money and also the value of money in each country which is also accompanied by the price of goods in each country itself.

Because in my country spending twenty dollars a day is considered a lot for the simple class of society, not for the rich where they can spend up to fifty dollars a day. So all of these things are measured based on the price of goods and the value of the currency of our respective countries because these things are always different from one country to another.

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Quote from: deadsea33 on September 09, 2024, 04:41:47 AM

Haha, I see a lot of changes here. As far as I can tell by myself, I am a child of a middle class family. That's why I spend money thoughtfully. But it depends as much as to say what kind of state he lives in and what the price of everything can be. Let's say you live in a country where everything is very cheap. Your expenses will decrease a lot but you spend based on your mindset. Like I always spend a little more because I like to spend money and I'm not a spender.

So many times it is seen that a rich person spends very less and a middle class person spends a lot because he has a high spending mindset.

When you are middle class in financial matters and you are in a country where all prices of goods, especially basic necessities, are cheap, then of course your monthly salary will also be appropriate, my friend, so I think the issue of reduced spending or not depends on how someone can manage their money, in the sense that for example by only buying various items that are needed without prioritizing desires that are not too important, unless you are rich.

On the other hand, I think one of the reasons why rich people spend much less money than middle class or poor people is because I think rich people know about the value of money, they learn from their own experiences when in the process of achieving wealth, or in simple terms they have extraordinary management of money and are able to use money properly so that they succeed in becoming rich, maybe poor people have not reached that mindset.

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Quote from: Egii Nna on September 08, 2024, 03:59:13 AM

Quote from: Iranus on September 07, 2024, 10:05:29 PM

~snip

I understand your point, but we are talking about the majority. If 80% of the poor people focus on luxuries items, it will be considered that all the poor, and the same applies to the rich. We are not talking about single individuals, but the majority of them. I know it is not all that focus on a lavish lifestyle just to impress the ladies. Even I always focus on investment in bitcoin with the small money I have, and even if I know I have some higher investment, I always show those around me that I just know about bitcoin but I have no investment just to be saved from them, but I also said that the majority of the poor engage in such lifestyles, which in any case the majority always carried the vote.

So, do you have any data that shows that the majority of poor people are spending a lot of money on luxury goods? Are there any detailed statistics on this? What country are you from and have you traveled around the world? And how do you know what poor people in other countries are thinking and doing? That's what I mean, we should stop judging others because we are not in their shoes, we don't know what they are thinking and doing. Don't easily believe in information spread online because sometimes they just want to attract likes and attention to themselves. If we want to evaluate, we need practical experience.
I prefer evidence and actual data over baseless speculation, and before judging others I usually look at myself first.

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Haha, I see a lot of changes here. As far as I can tell by myself, I am a child of a middle class family. That's why I spend money thoughtfully. But it depends as much as to say what kind of state he lives in and what the price of everything can be. Let's say you live in a country where everything is very cheap. Your expenses will decrease a lot but you spend based on your mindset. Like I always spend a little more because I like to spend money and I'm not a spender.

So many times it is seen that a rich person spends very less and a middle class person spends a lot because he has a high spending mindset.

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Quote from: fuguebtc on September 09, 2024, 03:48:35 AM

Quote from: Accardo on September 09, 2024, 02:49:57 AM

Quote from: Raflesia on September 08, 2024, 04:25:16 PM

I often see how some very rich people like Elon who some time ago visited my country to promote his company and his starlink project attended meetings wearing only t-shirts and it can actually be a slap for those who are too imposing just because of the exposure and branding that he really wants to highlight.

It's too dusty for those guys like Elon to wear fancy clothes or dress to kill. They've got too many activities to handle in one day, to bother about what to put on, what matters to them is their presence. But do not be surprised to see one expensive item on them, most likely their wrist watch or shoes.

It would be naive to look at appearances and assume that Elon is a wealthy man who lives a simple life. First: dressing too formally when meeting customers will sometimes create a clear gap between rich and poor, and make cooperation not go smoothly. Second: He intentionally dresses simply because he wants to create a friendly, intimate atmosphere so that everything goes well. Meanwhile, others dressed elegantly and luxuriously because they wanted to give the world's richest billionaire the utmost respect.

@Raflesia, I remember Tim Cook once visited my country, he dressed casually and experienced our cheap street food. But did you know that he stayed overnight at the only 6-star hotel in my country that costs up to $80k/day ? LOL .

Often times we mistake the lifestyle of the rich in the way they dress to equate it to their not living a luxurious lifestyle whereas it's the rich that attend and patronize the most expensive pleasurable places and sight seeing environment. Rich people understand that they are already wealthy and need not to dress so elaborately to impress or make people see them as rich people.

It's only when we visit the environment of the wealthy people and their homes that we can appreciate how luxuriously they spend, but something about the wealthy is that they don't spend to impress unlike the average person that want to catch attention with their dressing outside while he is living in the chanties.

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Quote from: fuguebtc on September 09, 2024, 03:48:35 AM

It would be naive to look at appearances and assume that Elon is a wealthy man who lives a simple life. First: dressing too formally when meeting customers will sometimes create a clear gap between rich and poor, and make cooperation not go smoothly. Second: He intentionally dresses simply because he wants to create a friendly, intimate atmosphere so that everything goes well. Meanwhile, others dressed elegantly and luxuriously because they wanted to give the world's richest billionaire the utmost respect.

@Raflesia, I remember Tim Cook once visited my country, he dressed casually and experienced our cheap street food. But did you know that he stayed overnight at the only 6-star hotel in my country that costs up to $80k/day ? LOL .

Do you really think he has paid $80k/night ? I think that hotel gave him a huge discount, because "Tim Cook stayed in our hotel" advertisement cost most than $80k/night. I would even let him stay there for free, because that will be a huge hotel image benefit and would pays off in future. I think that there were not many people who wished to stay in that $80k/night room anyway.

We can debate a lot, who spends more on luxury, but I would still go with rich people. That picture on first post is only a hip of the iceberg. The fact that rich person dresses simple does not mean he did not have luxury and expensive things. Rich people just dont display their wealth on purpose, while poor in luxury items just wants to fool everyone around.

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Quote from: Accardo on September 09, 2024, 02:49:57 AM

Quote from: Raflesia on September 08, 2024, 04:25:16 PM

I often see how some very rich people like Elon who some time ago visited my country to promote his company and his starlink project attended meetings wearing only t-shirts and it can actually be a slap for those who are too imposing just because of the exposure and branding that he really wants to highlight.

It's too dusty for those guys like Elon to wear fancy clothes or dress to kill. They've got too many activities to handle in one day, to bother about what to put on, what matters to them is their presence. But do not be surprised to see one expensive item on them, most likely their wrist watch or shoes.

It would be naive to look at appearances and assume that Elon is a wealthy man who lives a simple life. First: dressing too formally when meeting customers will sometimes create a clear gap between rich and poor, and make cooperation not go smoothly. Second: He intentionally dresses simply because he wants to create a friendly, intimate atmosphere so that everything goes well. Meanwhile, others dressed elegantly and luxuriously because they wanted to give the world's richest billionaire the utmost respect.

@Raflesia, I remember Tim Cook once visited my country, he dressed casually and experienced our cheap street food. But did you know that he stayed overnight at the only 6-star hotel in my country that costs up to $80k/day ? LOL .

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Quote from: Raflesia on September 08, 2024, 04:25:16 PM

I often see how some very rich people like Elon who some time ago visited my country to promote his company and his starlink project attended meetings wearing only t-shirts and it can actually be a slap for those who are too imposing just because of the exposure and branding that he really wants to highlight.

It's too dusty for those guys like Elon to wear fancy clothes or dress to kill. They've got too many activities to handle in one day, to bother about what to put on, what matters to them is their presence. But do not be surprised to see one expensive item on them, most likely their wrist watch or shoes.

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Quote from: Wakate on September 07, 2024, 01:26:58 PM

There are so rich many men that don't like to show their wealth and they don't like bragging contrary to many of our big music stars that would rather use their money to buy diamonds and gold and wear not even thinking about making a good investment that would keep giving money. I know some of them have their several investments but it is not compared to how much they are spending in the club and using to buy the latest cars, clothes, houses, diamonds and gold. Their are some foolish poor people that would likewise use their money to impress the public, buying shoes, clothes and other things so people can see that like they are rich which the reasonable ones would rather go invest so that they could make some money.

The rich always have that calm attitude installed in them, a lot of billionaires are always trying to keep a low profile, because they have established a relationship that they can actually control how they spend. And it is normal that rich people are always bragging but even at that they are still humble. You can not compare music stars with businessmen because their source of income and musicians needs to spend money on diamonds and other things to keep their self in business while musicians are need to get people attention with what they will wear so the mood of operation is different and and every one will do everything to get their selfs deals. Because if it is about spending musician spends a lot of money they actually need to keep trading so they will always do things for people to talk about. And the society is pushing people to do a lot things they don't really want to do. Just because they want to satisfy people they will do it most times again they want to look rich wereby they can not actually afford their life style, it is better to spend what you can afford.

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Quote from: Pi-network314159 on September 04, 2024, 05:53:57 AM

As I was scrolling through my Facebook I saw this photo and how the image discribes the poor to be a kind of people that wears expensive thing to impress people to look like the rich, and the other way round, the rich appears to be simple probably not to be noticed as a rich person. My question now is that,

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

This is a fact because after all, with the current conditions we often even see people with outfits or luxury goods, they are actually more in the middle economic class who always prioritize style as a benchmark just because of the exposure they have.

Although it is undeniable that there are still many influencers or rich people also do the same thing but that only happens for public figures and is different from us ordinary people who actually push too much for style.

I often see how some very rich people like Elon who some time ago visited my country to promote his company and his starlink project attended meetings wearing only t-shirts and it can actually be a slap for those who are too imposing just because of the exposure and branding that he really wants to highlight.
It's just that situations like this are unstoppable because after all, this kind of life sometimes does become a benchmark for some people in the middle and even below average economic levels who think that those who have a style and hedon lifestyle are rich people and this mindset has always been maintained until now.

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There is a very thin line between how the rich spend on luxury and how the poor spend on luxury but they both do the same thing the difference is that one spends on it for comfort while the other spends on it for pleasure and satisfying the audience which we probably might consider as Impression.

The rich might only show of their luxury after they must have succeed in life generally and luxurious lifestyle is the end result of their years of keeping a low and cheap profile.
while the poor or we might probably consider the middle class as those are more inclined with impressing the audience, spend their time and money in buying the luxury instead of putting those money into what will bring forth a consistent and high return of investment (ROI) hence they could still buy those luxury after this investment but they chose to spend them before they make this investments.

So this little differences in spending time can make a whole lot of difference in their entire life.

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Honestly, I can't use the picture as a benchmark to conclude who spends more money on luxury between the rich and the poor, in the end I think it depends on the lifestyle that a person has regardless of whether they are rich or poor, because it is not uncommon for me to see rich people who look luxurious with various expensive accessories that they wear that are actually not really needed.

So I think it will be very difficult to draw a conclusion about who spends more money on luxury, because it will be very difficult to calculate it when the rich and the poor are included in it, but in terms of ability, of course the rich are far superior.

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Quote from: Pi-network314159

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

No, there are some Rich people who I know very well in my country that always wear expensive clothes whenever they are going out for business or occasion, because it makes people to recognize them in the event or transit as a rich people, which both the poor people and rich people can buy expensive clothes to make people around them like them. But if you look at the people that really spend money on clothes are the poor people because they have the time to do all those things that will not profit them at the end, but if the Rich people have such huge amount of money to spend on clothes, they will use the money to boost their business and it will increase their business in the future, which is the reason some Rich people don't like to spend big money on clothes.

If God bless me with so much wealth, I will not be wearing or driving expensive clothes or cars until my business go round global for me to be rated among the richest woman on earth before I will be using expensive clothes and luxurious lifestyle, because we have one life to live on earth.

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Quote from: m2017 on September 08, 2024, 05:05:46 AM

Quote from: Pi-network314159 on September 04, 2024, 05:53:57 AM

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

As I suppose, the difference between the poor and the rich is as follows:

- the poor spend money on external attributes that demonstrate (create an illusion) belonging to the upper classes (expensive clothes as an ability to afford this level of spending).

- the rich spend money on luxury items (antiques, cars, houses, other luxury items) that are the "shell" of wealth, but not real luxury items that are bought and sold (can be resold at a profit) at a high price. The rich remain rich because they spend money not on all sorts of nonsense like expensive clothes (by the way, stores with expensive clothes are a business of some of the rich), but on what can bring profit, that is, reasonable spending that can be perceived as investments (for example, antiques and art objects).

Most people prefer to mislead each other and appear different than they are. They act like a different person in order to hide some facts about their living environment and the jobs they work. Not everyone acts the same way and I am not generalizing what I am saying.

It may not be right to evaluate clothing or compare it to some goods purchased. Not everyone has the same financial means and people should not have to hide their own situations. Of course, everyone has different expectations but it is not right to look or act differently than the person you are.

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Quote from: Pi-network314159 on September 04, 2024, 05:53:57 AM

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

As I suppose, the difference between the poor and the rich is as follows:

- the poor spend money on external attributes that demonstrate (create an illusion) belonging to the upper classes (expensive clothes as an ability to afford this level of spending).

- the rich spend money on luxury items (antiques, cars, houses, other luxury items) that are the "shell" of wealth, but not real luxury items that are bought and sold (can be resold at a profit) at a high price. The rich remain rich because they spend money not on all sorts of nonsense like expensive clothes (by the way, stores with expensive clothes are a business of some of the rich), but on what can bring profit, that is, reasonable spending that can be perceived as investments (for example, antiques and art objects).

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Quote from: Iranus on September 07, 2024, 10:05:29 PM

Quote from: Egii Nna on September 07, 2024, 04:42:22 PM

Quote from: Iranus on September 07, 2024, 08:49:03 AM

I think we should stop judging and evaluating others, and look at ourselves.

Is there anyone here who is rich, has millions of dollars in his account but still wears cheap clothes like the guy in the picture? Is there anyone who is rich but still doesn't have a luxury car or a nice house? Conversely, is there anyone here who is poor but still spends thousands of dollars on luxury items? Or are we saving every penny to buy food for our families and prepare for the future? I find it funny how some people look at that picture and are quick to judge others when why don't we look at ourselves and see if we resemble anyone in that picture?

@OP, are you rich pretending to be poor or are you poor but still want to appear rich? Don't judge others when we are not them.

I understand your point on not judging others actions, but first we should focus on ourselves. There is one significant difference between the poor and the rich. The poor man who has enough savings will always try to feel like he is already rich, and he will do his possible best to look rich. most especially to attract the ladies, which might lead him to purchase luxury items as much as he can purchase; in some cases, it might even lead to borrowing expensive vehicles, chains and many other luxury items that he can’t afford.

On the other hand, a rich man will always like to disguise himself to prove he is a poor person so that he can get those that will be with him for his personality, not for his money or other valuable items, because many people that are around him are there for a reason. This is just an explanation of a proverb that says “people trend to go for what they don’t have.” That means the rich can have as many luxuries as they want, but they will not like to use them, while the poor will try their possible best to have those luxurious.

Again: I am not going to judge and evaluate everyone.

Not all poor people are boastful or ostentatious, and not all rich people enjoy simplicity and rusticity. It all depends on each individual's personality, no one is the same, there will be this person and that person, we should not assume that everyone is the same.

Take yourself for example: are you rich or poor? Are you poor and trying to act rich to attract girls, or do you buy luxuries beyond your means? Or are you rich but pretending to be poor? I see people often brag that they are very frugal, they don't want to waste money and they spend most of their money investing in bitcoin...and their goal is to become rich. That proves that we don't have rich people here, we are poor people but why do we criticize and badmouth other poor people?

Like me, I am not rich, I am poor and I am looking for wealth but I assure you that I do not waste my money on useless things like OP or many people say. What I am doing is saving as much as possible and focusing on investing and business to increase my assets. I want to escape poverty and help my family have a better life.

I understand your point, but we are talking about the majority. If 80% of the poor people focus on luxuries items, it will be considered that all the poor, and the same applies to the rich. We are not talking about single individuals, but the majority of them. I know it is not all that focus on a lavish lifestyle just to impress the ladies. Even I always focus on investment in bitcoin with the small money I have, and even if I know I have some higher investment, I always show those around me that I just know about bitcoin but I have no investment just to be saved from them, but I also said that the majority of the poor engage in such lifestyles, which in any case the majority always carried the vote.

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Quote from: Dewi Aries on September 07, 2024, 08:34:09 PM

Quote from: mirakal on September 07, 2024, 06:57:46 PM

Regardless of its example on the picture, there's no doubt that the rich spends more on luxury simply because they can afford doing so, while leaving the poor hardly afford luxury items because that's only considered wants for them, buying their needs is their priority. But maybe in some other aspects in life as long as money is not concerned, poor people can be luxurious in some ways.

If we measure it in terms of being able or not, then of course it is clear that rich people are much more able to fulfill most of their desires than poor people, the difference in financial situation is the main cause of the difference.
And regardless of being rich or poor, I think the issue of luxury comes back to each person's personality, if they really like to waste money on things that are not really important, then it is clearly a problem, especially if they have problems with financial stability like the situation of poor people for example.

I think that problem depends on their perspective on the value of money, because it is not uncommon for me to see rich people who really value their money by paying attention to all their financial allocations, not meaning they are stingy, but they try to only use money for everything that is really needed.

Those are the main differences and this is why insights and perceptions in life will really be that different considering the other side has it all and the other is really that being scarce or phobited and thats why it would really be that normal that there would really be those kind of approach that shows up some desperation specially into those who have been that on a tough situation in terms of financial aspect. Poor people or to those who are sitting on the average financial condition will really be definitely be having those kind of targets on which trying out their very best on achieving on having that financial freedom on which we know that this something not wont really be so simple and you will really be needing to take up certain rsisks for you to be able to possibly reach this condition.

On the moment that they would be able to succeed then the primary things that comes up into their mind is to buy into those things that they havent been able to buy before or
to those things or materials that they have been long time wanting or wishing. This is why its not shocking that they will really be giving that kind of priority.

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Quote from: Egii Nna on September 07, 2024, 04:42:22 PM

Quote from: Iranus on September 07, 2024, 08:49:03 AM

I think we should stop judging and evaluating others, and look at ourselves.

Is there anyone here who is rich, has millions of dollars in his account but still wears cheap clothes like the guy in the picture? Is there anyone who is rich but still doesn't have a luxury car or a nice house? Conversely, is there anyone here who is poor but still spends thousands of dollars on luxury items? Or are we saving every penny to buy food for our families and prepare for the future? I find it funny how some people look at that picture and are quick to judge others when why don't we look at ourselves and see if we resemble anyone in that picture?

@OP, are you rich pretending to be poor or are you poor but still want to appear rich? Don't judge others when we are not them.

I understand your point on not judging others actions, but first we should focus on ourselves. There is one significant difference between the poor and the rich. The poor man who has enough savings will always try to feel like he is already rich, and he will do his possible best to look rich. most especially to attract the ladies, which might lead him to purchase luxury items as much as he can purchase; in some cases, it might even lead to borrowing expensive vehicles, chains and many other luxury items that he can’t afford.

On the other hand, a rich man will always like to disguise himself to prove he is a poor person so that he can get those that will be with him for his personality, not for his money or other valuable items, because many people that are around him are there for a reason. This is just an explanation of a proverb that says “people trend to go for what they don’t have.” That means the rich can have as many luxuries as they want, but they will not like to use them, while the poor will try their possible best to have those luxurious.

Again: I am not going to judge and evaluate everyone.

Not all poor people are boastful or ostentatious, and not all rich people enjoy simplicity and rusticity. It all depends on each individual's personality, no one is the same, there will be this person and that person, we should not assume that everyone is the same.

Take yourself for example: are you rich or poor? Are you poor and trying to act rich to attract girls, or do you buy luxuries beyond your means? Or are you rich but pretending to be poor? I see people often brag that they are very frugal, they don't want to waste money and they spend most of their money investing in bitcoin...and their goal is to become rich. That proves that we don't have rich people here, we are poor people but why do we criticize and badmouth other poor people?

Like me, I am not rich, I am poor and I am looking for wealth but I assure you that I do not waste my money on useless things like OP or many people say. What I am doing is saving as much as possible and focusing on investing and business to increase my assets. I want to escape poverty and help my family have a better life.

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Quote from: mirakal on September 07, 2024, 06:57:46 PM

Regardless of its example on the picture, there's no doubt that the rich spends more on luxury simply because they can afford doing so, while leaving the poor hardly afford luxury items because that's only considered wants for them, buying their needs is their priority. But maybe in some other aspects in life as long as money is not concerned, poor people can be luxurious in some ways.

If we measure it in terms of being able or not, then of course it is clear that rich people are much more able to fulfill most of their desires than poor people, the difference in financial situation is the main cause of the difference.
And regardless of being rich or poor, I think the issue of luxury comes back to each person's personality, if they really like to waste money on things that are not really important, then it is clearly a problem, especially if they have problems with financial stability like the situation of poor people for example.

I think that problem depends on their perspective on the value of money, because it is not uncommon for me to see rich people who really value their money by paying attention to all their financial allocations, not meaning they are stingy, but they try to only use money for everything that is really needed.

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Regardless of its example on the picture, there's no doubt that the rich spends more on luxury simply because they can afford doing so, while leaving the poor hardly afford luxury items because that's only considered wants for them, buying their needs is their priority. But maybe in some other aspects in life as long as money is not concerned, poor people can be luxurious in some ways.

Topic: Rich and the poor who spend the most on luxury? - page 8. (Read 2481 times)