Topic: Things to avoid when you earn a lot or become rich - page 5. (Read 2171 times)

Quote from: fuguebtc on June 20, 2024, 05:23:14 AM

After owning money, everyone wants to show it.

Incorrect. Most with wealth are very understated and have no desire to draw attention to themselves. Most flashing the trappings of wealth are faking it.

Agree with you, that people who are truly rich will not want to look rich, even their appearance is ordinary. Those who look luxurious appear to show they are rich, in fact I question their wealth, or are they nouveau riche. So far that's what I see from what I've experienced.
Those who are truly rich, they look more simple and not excessive. I don't know why I always see this where someone who is actually simple wants to look luxurious, even though we know how they really are.
Usually rich people like that start really from 0, so they know what it's like to be in an unpleasant situation in the economy, so they will act more modestly like you said.

It's about your orientation and mindset. If I eventually become very rich tomorrow I will appear rich, I will buy luxurious things that I can afford and put on my body. If you are rich people will know no matter how you want to hide it, I'm the who make the money so spending it on things that will make me look good shouldn't be an issue. I will drive the best cars, live in the best neighborhood in town, wear designers clothes. People will always address you according to your appearance. I will eat good food and go to vacations whenever I can. My reason is that I have laboured very had to get to that level, nobody knows what will happen tomorrow. If I leave the world those that didn't know how you suffered for the money will be the ones to spend it on things they want.
You don't even have to question the source of wealth of people who dress in a luxurious way, some of them have really suffered to make their money, they have legitimate business. It also depends on the kind of lifestyle you live fancy. Just imagine a celebrity that has money and be dressing like a poor person. We all see life differently what
you consider as unnecessary and common, might actually be a big deal for others.

uswa56

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That depends on each person's personality, each person has different interests and lifestyles, and we cannot rely on just a few people we meet to equate them all.

There are also many people who become rich from zero but are very arrogant, like to brag or compare themselves with others. Meanwhile, there are many rich people who don't want others to know they are rich, they live simply and modestly and always try to avoid becoming the center of public opinion. The proof is that my neighbors also have people like that, some people always like to brag, some people choose a modest lifestyle. I don't know why they like to show off or hide their wealth, but one thing I know is that they don't like each other and always avoid meeting each other under any circumstances.

If we equate everyone with some people we have just met, of course this is very inaccurate because it could be that the people we have just met do not display their personality well and they display things that are not as usual, so in this case we cannot like every new person we meet.

You are right, a person's arrogance really depends on a person's personality and also the extent of their knowledge about this life and for some people who have a good understanding of the life they live will certainly never boast about themselves because what they have achieved now will not last long if they brag about themselves.

And those who already have a lot of wealth and still choose to live simply, I think they have been able to use their wealth properly and they use the wealth they have on things they really need and also they are very comfortable with their simple life so they don't have to spend money. much to meet their needs.

ndutndut

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Quote from: pusaka on June 19, 2024, 01:36:01 PM

Quote from: pusaka on June 19, 2024, 01:36:01 PM

After owning money, everyone wants to show it.

Incorrect. Most with wealth are very understated and have no desire to draw attention to themselves. Most flashing the trappings of wealth are faking it.

Agree with you, that people who are truly rich will not want to look rich, even their appearance is ordinary. Those who look luxurious appear to show they are rich, in fact I question their wealth, or are they nouveau riche. So far that's what I see from what I've experienced.
Those who are truly rich, they look more simple and not excessive. I don't know why I always see this where someone who is actually simple wants to look luxurious, even though we know how they really are.
Usually rich people like that start really from 0, so they know what it's like to be in an unpleasant situation in the economy, so they will act more modestly like you said.

I also agree with your opinion. Rich people are actually not people who like to look luxurious, instead they look simple. Maybe that's how successful people always pay attention and maintain balance in any situation. Simple but elegant in playing every role in life so that his mindset remains proactive and constructive. It's true that usually rich people are like this, starting from the bottom, not immediately becoming rich and having to go through a lot of struggle. Of course with this mentality they can avoid things like the OP said.

However, lately we have come across a lot of flexible content circulating both from Instagram, Tiktok, YouTube and other social media platforms and the reasons vary, from providing motivation to hoping for validation. Usually people like this need to admit that they are rich, and quite a few of them are actually not that rich, they just pretend to be rich by showing off their money and luxury goods just to influence their social media followers.

fuguebtc

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Quote from: Russlenat on June 19, 2024, 08:53:30 AM

After owning money, everyone wants to show it.

Incorrect. Most with wealth are very understated and have no desire to draw attention to themselves. Most flashing the trappings of wealth are faking it.

Agree with you, that people who are truly rich will not want to look rich, even their appearance is ordinary. Those who look luxurious appear to show they are rich, in fact I question their wealth, or are they nouveau riche. So far that's what I see from what I've experienced.
Those who are truly rich, they look more simple and not excessive. I don't know why I always see this where someone who is actually simple wants to look luxurious, even though we know how they really are.
Usually rich people like that start really from 0, so they know what it's like to be in an unpleasant situation in the economy, so they will act more modestly like you said.

That depends on each person's personality, each person has different interests and lifestyles, and we cannot rely on just a few people we meet to equate them all.

There are also many people who become rich from zero but are very arrogant, like to brag or compare themselves with others. Meanwhile, there are many rich people who don't want others to know they are rich, they live simply and modestly and always try to avoid becoming the center of public opinion. The proof is that my neighbors also have people like that, some people always like to brag, some people choose a modest lifestyle. I don't know why they like to show off or hide their wealth, but one thing I know is that they don't like each other and always avoid meeting each other under any circumstances.

bakasabo

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

1. Don't buy expensive things right away.

Maybe not only expensive things but also avoiding expensive habits continuously, such as buying expensive coffee, eating at expensive places, or something like that. Because surely we can also buy such things at a cheaper price. It is better to prioritize spending that provides long-term value.

Something does not make sense. An item can not be simultaneously cheap and have a long-term value. From my experience, cheap things does not last long. But expensive ones are made with better quality and better materials. I would suggest to make a small research before making a purchase and plan how long and where you are going to use "thing".

For example you have mentioned coffee. Cheap coffee making machine wont work for a long time before breaking, however, if you dont drink coffee often, you might consider buying a cheaper one. However, cheapest coffee machines use coffee capsules, and 1 cup of coffee made with it will cost more than a coffee from beans. Also consider options of a coffee machine. Touch screen models are more expensive than the one with buttons.

So before buying something, always think how you are going to use it.

Most expensive things comes with great quality indeed. However, I don’t think buying an expensive stuff that you think will be of great use to you will still be an issue. One should not matter on the price, but on the quality itself that he will be able to use it for a longer period, and that definitely saves money and time.

However, I would go instead sorting out your needs from your wants. If you can prioritize your basic necessities more than your luxurious wants, you can actually save more money for your future investment. Just don’t overspend, but still stick to your budget. With that, you can avoid future problems.

You have your own priorities, I have my. My post was to show that it is really hard to get a high quality and long-term usage item. I wasnt trying to say that expensive things does not break. But from my experience, any tool that is used frequently, if it is cheap, it breaks fast. $1 t-shirt will become stretched faster and lose colors after several washes. Devices work longer. Also I have said that a person first must think how he is going to use that. That means I am not that person who buys one expensive cloth item and wear it for ages. That does not mean that I have bought golden Vertu and has been using it for decades.

pusaka

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Quote from: Promocodeudo on June 19, 2024, 11:08:40 AM

After owning money, everyone wants to show it.

Incorrect. Most with wealth are very understated and have no desire to draw attention to themselves. Most flashing the trappings of wealth are faking it.

Agree with you, that people who are truly rich will not want to look rich, even their appearance is ordinary. Those who look luxurious appear to show they are rich, in fact I question their wealth, or are they nouveau riche. So far that's what I see from what I've experienced.
Those who are truly rich, they look more simple and not excessive. I don't know why I always see this where someone who is actually simple wants to look luxurious, even though we know how they really are.
Usually rich people like that start really from 0, so they know what it's like to be in an unpleasant situation in the economy, so they will act more modestly like you said.

Mr.sprin

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Riches comes with different mindset, as far as you are rich and can conveniently afford some certain things that you want those will look like nothing to you hence you can buy them but unknowingly to you that those are lavishing habits that can get you into being broke, i dont want to be misunderstood, is not as if am against rich people spending their money in what they desire, am just making a point that excess of everything is not good, expenses should be curtailed, what makes you rich is the investment you own not how much you spent on things that you want.
Once I become Rich or start earning higher amount, I will avoid unnecessary expenses because it can lead me into debt, maintaining my level and upgrading to a higher side should be my priority and for me to do that I must learn how to invest in meaningful long term profitable assets.

Yes bro, I agree with your point of view, when we have a lot of assets and savings, it is better to increase the number of moving assets to generate profits for us, where the moving assets will always produce large profits every month, instead of buying goods that useless because mere lust can only make us run out of savings.

We don't need to show our wealth to other people, it's enough for us to know where we have wealth and to use it well and not waste money without knowing where it's going, by investing as much as possible we have kept our savings in a good place, and Our advantage is that we can help our brothers and sisters who need it without expecting help from the government, set aside a little of our wealth for our brothers and sisters who need it out there, in my opinion that is better than buying useless things just to show them off without any use.

C10H15N

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After owning money, everyone wants to show it.

Incorrect. Most with wealth are very understated and have no desire to draw attention to themselves. Most flashing the trappings of wealth are faking it.

~speedx~

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After owning money, everyone wants to show it. For this, many people want to buy or do a lot of things beyond their ability. Which has a very bad effect on their money. Because you should always keep your needs within your ability.. And by borrowing.Nothing should be done.I think that after owning the money, one should pay off the previous debts in such a way that one does not have to be in debt again.If you suddenly become rich, you will have to adapt yourself to the fact that there will be many changes in life.

Promocodeudo

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Riches comes with different mindset, as far as you are rich and can conveniently afford some certain things that you want those will look like nothing to you hence you can buy them but unknowingly to you that those are lavishing habits that can get you into being broke, i dont want to be misunderstood, is not as if am against rich people spending their money in what they desire, am just making a point that excess of everything is not good, expenses should be curtailed, what makes you rich is the investment you own not how much you spent on things that you want.
Once I become Rich or start earning higher amount, I will avoid unnecessary expenses because it can lead me into debt, maintaining my level and upgrading to a higher side should be my priority and for me to do that I must learn how to invest in meaningful long term profitable assets.

Russlenat

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

1. Don't buy expensive things right away.

Maybe not only expensive things but also avoiding expensive habits continuously, such as buying expensive coffee, eating at expensive places, or something like that. Because surely we can also buy such things at a cheaper price. It is better to prioritize spending that provides long-term value.

Something does not make sense. An item can not be simultaneously cheap and have a long-term value. From my experience, cheap things does not last long. But expensive ones are made with better quality and better materials. I would suggest to make a small research before making a purchase and plan how long and where you are going to use "thing".

For example you have mentioned coffee. Cheap coffee making machine wont work for a long time before breaking, however, if you dont drink coffee often, you might consider buying a cheaper one. However, cheapest coffee machines use coffee capsules, and 1 cup of coffee made with it will cost more than a coffee from beans. Also consider options of a coffee machine. Touch screen models are more expensive than the one with buttons.

So before buying something, always think how you are going to use it.

Most expensive things comes with great quality indeed. However, I don’t think buying an expensive stuff that you think will be of great use to you will still be an issue. One should not matter on the price, but on the quality itself that he will be able to use it for a longer period, and that definitely saves money and time.

However, I would go instead sorting out your needs from your wants. If you can prioritize your basic necessities more than your luxurious wants, you can actually save more money for your future investment. Just don’t overspend, but still stick to your budget. With that, you can avoid future problems.

Finestream

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Quote from: MainIbem on June 13, 2024, 12:32:46 PM

Lots of people make such mistake of living an extravagante lifestyle when they finally stumbled on a big bag, that's very wrong. To them they'll feel like, I've been poor or broke for too long and now the world needs to see I've made it. No, that's wrong you don't live to impress anyone cause when you go broke again those people you're trying to impress might not help you rise up again, they'll probably laugh at you or mock you for being foolish. A wise man once told me that the first thing i should think of, when i start earning is to invest my earnings into a good business or investment and that has really helped me in life, I'll always calculate before spending and it's help me to differentiate between my needs and wants. Another point i picked from the Op is paying of debt, it's very important for people to pay off debts when they've finally made money, the best thing that could happen to a man is being debt free, it saves one from unnecessary embarrassement and public disgrace.

It’s not wrong to reward yourself after an achievement like living a luxury life even just for a day, but keeping the luxury while you have money, that’s a very wrong mindset. Money will be easily used up in just a couple of days or months. Instead, continue living a simple life and stay low key. Maintain your expenses so you can increase your savings and investments. That way, you will consistently prosper all throughout. However, if you keep increasing your expenses even without any investment just to experience a luxury life, you will find it hard to save your spare money but will eventually struggle with your finances in the long run.

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Quote from: Smack That Ace on June 19, 2024, 03:32:21 AM

Quote from: alastantiger on June 05, 2024, 08:46:15 AM

~snip~

Everything has its price, nothing is cheap but of high quality, this sounds absurd. Especially when it comes to food, there will be no food that is nutritious and clean but also cheap, which is not true in today's society.

Furthermore, why do we try to make a lot of money and become rich? What is the purpose of getting rich? Is it so we can have a better life? Therefore, it would be bad advice and idea when we become rich but do not dare to spend money on good food, beautiful clothes...or things that make our lives better. Instead of thinking of thousands of solutions to save money, why don't we think of ways to make more money and become richer?

Yeah, everything costs something, but does that mean expensive always equals better? Fuck no

Look at the organic food craze: sure, some of it's legit, but a lot of it's just fancy branding with a higher price tag. You want real quality? Talk to your local farmers' market, talk to the folks growing your food. You'll get more for your buck and probably learn something. Don't get sucked into the FOMO, think for yourself

Everyone wants a better life, right? But what does that mean? Does it involve new tech, showy cars, or better food? Or enjoying a proud, financially-free life? Think about it, man. Instead of buying the next big thing, invest in yourself. Maintain your health, learn something new, and spend time with loved ones. That's the real shit. And most of us aren't rolling in dough. Therefore, you must spend your money wisely. Don't buy goods to impress. Invest in things that add value to your life, that make you a better human being

Roseline492

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Once I start earning a lot or become rich the first thing I would avoid a putting all my investment eggs in one basket. That is to say that rather than investing in one asset or one industry alone I would avoid it and rather diversified my investment portfolio to include assets and investment that I understand and would you have return money investment there by multiplying, protecting my wealth and minimizing the risk involved. The higher you earn, the higher your risk.

You are right because investing all your money in one assets could be sometimes be very wrong considering the fact that if something should happen to the investment you will not have something to fall back on because that's actually what most people failed to understand, so perhaps in as much as a particular investment may seem very promising but shouldn't be enough reason for someone to put everything on the investment, perhaps if we check very well most failure was as a result of someone not being able to diversify most of his investment into other things so that if in case the first one did not work out the second investment will help them to regain there fit, and also another thing that's not good when someone has money is bragging or trying to leave a luxurious life because no matter how rich someone would be but the moment they failed to manage there money well there is every chance of losing everything.

bittraffic

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Buying expensive things is like bragging to the public. You have to remember that every person today is affected by inflation, if they see you getting richer instead, the criminals will be watching you.

Always remember that Norwegian guy who owns a crypto business and brags about it on social media and one day the robbers learn where he lives. He jumps out the window from the 2nd floor. https://www.independent.co.uk/tech/bitcoin-cryptocurrency-robbery-norway-millionaire-gun-a9097576.html

Xcode7

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

1. Don't buy expensive things right away.

Maybe not only expensive things but also avoiding expensive habits continuously, such as buying expensive coffee, eating at expensive places, or something like that. Because surely we can also buy such things at a cheaper price. It is better to prioritize spending that provides long-term value.

Something does not make sense. An item can not be simultaneously cheap and have a long-term value. From my experience, cheap things does not last long. But expensive ones are made with better quality and better materials. I would suggest to make a small research before making a purchase and plan how long and where you are going to use "thing".

For example you have mentioned coffee. Cheap coffee making machine wont work for a long time before breaking, however, if you dont drink coffee often, you might consider buying a cheaper one. However, cheapest coffee machines use coffee capsules, and 1 cup of coffee made with it will cost more than a coffee from beans. Also consider options of a coffee machine. Touch screen models are more expensive than the one with buttons.

So before buying something, always think how you are going to use it.

The point is, what we need is quality, regardless of whether the price is expensive or cheap, especially when you already have a lot of income or are already rich.
I think we don't need to be too thrifty or restrain ourselves from necessities except for buying useless things as long as we have money then we have to fulfill all our needs and desires with the best things.

When we are rich or have a large income it doesn't mean we have to save excessively, that's what we have to remember, giving the best things is also an appreciation for ourselves after being able to do many things, so I think it should be done for yourself.

Smack That Ace

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

1. Don't buy expensive things right away.

Maybe not only expensive things but also avoiding expensive habits continuously, such as buying expensive coffee, eating at expensive places, or something like that. Because surely we can also buy such things at a cheaper price. It is better to prioritize spending that provides long-term value.

Something does not make sense. An item can not be simultaneously cheap and have a long-term value. From my experience, cheap things does not last long. But expensive ones are made with better quality and better materials. I would suggest to make a small research before making a purchase and plan how long and where you are going to use "thing".

For example you have mentioned coffee. Cheap coffee making machine wont work for a long time before breaking, however, if you dont drink coffee often, you might consider buying a cheaper one. However, cheapest coffee machines use coffee capsules, and 1 cup of coffee made with it will cost more than a coffee from beans. Also consider options of a coffee machine. Touch screen models are more expensive than the one with buttons.

So before buying something, always think how you are going to use it.

Everything has its price, nothing is cheap but of high quality, this sounds absurd. Especially when it comes to food, there will be no food that is nutritious and clean but also cheap, which is not true in today's society.

Furthermore, why do we try to make a lot of money and become rich? What is the purpose of getting rich? Is it so we can have a better life? Therefore, it would be bad advice and idea when we become rich but do not dare to spend money on good food, beautiful clothes...or things that make our lives better. Instead of thinking of thousands of solutions to save money, why don't we think of ways to make more money and become richer?

bakasabo

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