Toby, Real affluent people almost always never show their wealth. they drive standard cars , live in normal houses, and dress normal. Its only the wanabe rich who try to show of and that is something you totally missed. you have to be one to know one.
How can I avoid these people. Almost every day of week I'm approached by another eager investment 'success' person who wants me too to share in their success, pitching like crazy showing me numbers on their investment platform. When I tell them they're being *pig butchered* they take deep offense, if I make an excuse and leave they persue me.
Wrong. All wrong. Don't look poor. Buy the most expensive rare supercars, wear the 500k watch, dress up everyday in 3pc suits. Buy big house. Hire 3 personal bodyguards at all times. One to change the lightbulb one to look cool and the other to hold your hands while you pee. You potentially attract possible people to join in on your success.
I’m a contractor. If I drive a new truck people will think they are over paying. If you drive a junker, people think you are broke, and aren’t capable or experienced. Drive a decent cheap vehicle and they think you’re an honest man and charge honest prices.
This is exactly what I assume. Don't be showing up to quote me a landscape project with your brand new F350 King Ranch... Obviously his quote was twice as high as other companies.
My dad used to pick up and drop off money for the mob in nyc during the 70s. Got paid great money. He would dress like a bum. I asked him one day why he dressed like that. He told me, when you're walking around nyc with 100k in a paper bag you make yourself look poor. This way you don't get mugged.
Yes... When my husband and I left the NYC Cartier store on 5th Ave with a red Cartier shopping bag, I remember immediately growing more and more uncomfortable with each step. It was a long time ago, but I'm pretty sure I had us stop at CVS-type store to get a cheap brown bag or plastic bag to get rid of the bright red Cartier one 🛍
If I were to ever get to a point of having a lot of money., I know I would be modest. I do not care about fancy cars ,clothes , or houses. I do not need any of it . I would just pay off my debts ,and invest my money..
I've often thought of a similar technique. Suppose I needed to travel someplace riddled with crime (SF or NYC) carrying expensive camera or electronic devices. I wouldn't buy something expensive to carry that. I'd get a cheap used pack or, better yet, a bag for baby stuff. That baby bottle and diapers would say clearly, "nothing worth stealing."
@@eliking3333invest your money for what? If you are truly modest you will not need that money. Maybe it's better to define a purpose, then you can make decisions about the correct investments and goals.
If you are very rich, keep it quiet, keep it to yourself, stay away from social media, focus on your hobbies and stay away from people. Only keep few good friends around and that's it! That's the key for happiness!
Money can buy you TIME which is THE MOST IMPORTANT COMMODITY IN LIFE! Then you can use your time to live the life you want. Most of us, wait for retirement to enjoy life but then we are already too old to do things that we've already dreamed of. That said, being rich does not mean you can take things for granted either, such as your good health. If you are rich and you NEVER forget what the money does for you (again it buys you time) and you remain humble, quiet and thankful, then you can truly live a happy life! Also, just because you have money, does not mean you have to spend it all. If having money in the bank makes you sleep well at night (which is SUPER IMPORTANT), then THAT money has already served its purpose by giving you a good night sleep. Money gives you options in life, again by giving you time that you can use to pursue your passion and hobbies. One last thing you need to keep in mind is that it is A VERY BAD IDEA to compare your life to other people's lives. Don't waste your valuable time WITH such wasteful activities, instead, focus on yourself, on what makes you happy and let other people live their lives at their own terms. By not comparing yourself to others, you will also liberate yourself, will not feel any pressure to prove anything or explain yourself to anybody and you will feel much more relaxed, satisfied and joyeful!
I've realized that people who advise others to "stay away from people" are the same people to call individuals staying away from them stuck-up. Y'all should make y'all's mind up.
@@digitalaccessibilityacademy LOL that's not my experience. There's TWO reasons to stay away from people these days. 1) People are frickin' nuts and it's best to keep an arm's length. 2) I know a rich guy and it appears from my observation that rich guys have a swarm of leeches, vultures, and parasites around them. It really speaks poorly of human nature. OP is right, if you're rich, keep most people at arm's length, they generally do not have YOUR best interests in mind, much less if you have something they want. If a person is "staying away from people", far from calling it stuck up, I realize they're wise and prudent and good for them.
Reminds of a guy my cousin worked for as a handyman. He worked for this guy for about 12 years. The guy was in his mid 60's. He had a large property with about a dozen horses and a couple of dozen cows. My cousin said he drove a 20 year old pickup and always wore old denim overalls. The guy spent most of his day with my cousin working with the livestock, mending fences, cleaning the barns, mowing grass, etc. My cousin said he was one of the nicest down to earth person he'd ever known. After the guy died my cousin found out he was worth in the neighborhood of 80 to 100 million dollars.
Yeah don't confuse net worth of 80-100 million with "I've got 80 million dollars in my checking account". Nobody has 80 million dollars in their checking account. The bank would shit a brick if they saw that.
@@annettegallegos5247 , because they implied it was not known and that is how much he had when he died and he didn’t live like he had money. I guess that is why I entertained that possibility.
One of my ex brother in laws who owned his own excavating and roofing business, had a crappy looking house and terrible old landscaping. I thought, why doesn’t he fix it up ? And then I went inside his house and it was like a palace. Really nice top notch things. So I asked him why the outside looked like he was poor. And he said that if he put new siding on, and a new deck and cleaned up the yard, the tax assessor would raise his property taxes. 😂
Nah if you show your wealth you put a target on your back. It’s best to be low key. That fancy car is not going to make you happy, it will get a lot of attention. The giant house will serve the same purpose as a normal house because the most time you spend at home is sleeping (8hrs) unless you work from home 😅😅
I'm in the rental business, 90% of my tenants have a better daily driver than myself, a 97 Toyota PU, and do I care? ABSOLUTELY NOT!! I even had a tenant say, "isn't it about time for a new truck" Definitely happy with my life, and being able to travel the world!! 👍
I drove old cars until one of my investments exploded, used some of it to finally buy new and paid cash for a new IS350. In 1 month this year my insurance on it randomly jumped from 190 a month to 310$. My old Acura was like 92 bucks per month to insure. Driving something cheap and reliable is the way
I grew up poor. Now I make a really good living. Whenever I make a big purchase, I dress down. Never revealing my wealth. This has served me well with service calls for repairs and big purchases. If folks think you have wealth, they will always charge you more. Great advice here! Happiness does not come from flashy shit, it comes from building experiences with those you love. Live modest and build memories.
Contentment is a North American mindset, that's why the west was just surpassed by the east. Yes that's right the Chinese Yuan has supassed USD on a global stagebas most used currency for international trade, USD is forecast to lose a lot of value and so is the US economy. Your simple American thinking was destroyed by Chinese multilevel long term thinking and you played right into it, even with the coming September rate cut that will further make the USD less attractive. Enjoy the show over the next while.
Charlie Munger used to drive a jalopy when he had an office at the Pacific Stock Exchange in Los Angeles, When someone asked him why he would drive a car like that, he replied, it keeps the gold diggers away.
Whenever a friend shared with me a "success" in their life, I was always genuinely happy for them... and mistakenly assumed that if I shared a "success" with them, that they would genuinely be happy for me. Boy was I wrong!!!!
My dad gave me great advice and one was the only person you compete with is yourself. you don’t need to have everything to be happy. You just need to take care of your family, future and be content. I never bought anything to impress anyone and I have always been happy and content living a middle class life and not living above my means.
So few people think like that. But I do too. I have a 21-yr old friend (21) who is a neighbour. She offered to help me with whatever I need. So a couple of months ago, I needed to upgrade my old vehicle that ran, but needed too much work to make it worth fixing. So I asked her to take me (in her car) to look at a car for sale. I didn't buy that 1st car--because it was junk and the guy was a jerk (which I had had a feeling about beforehand and had shared it with her and what I felt we should do if it was true). Afterwards, she was amazed how accurate my prediction about the guy was. Then a week or so later, I found a car for sale that was on a transit route, so I took transit and ended up buying the car. I paid ABOUT 30% LESS for it than the 1st car and it was MUCH better in every way. Well I guess my friend told her parents (her dad doesn't like me) the story about the other car and the guy and how I called it and how much money I saved on the car I bought. Because weirdly, a few weeks later (and even though it's an OLD car--I'm talkin' 22 YEARS OLD, it's shiny and looks new) and even though their car was in great condition, her parents bought a brand new car in the upper-mid range (though in a different brand). I believe that the timing of their purchase was partly because I had bought a "new" car and partly because of the big deal she had made about it and how much money I saved. However, she never made any comments about her parents making a good deal or anything--which if they knew that would probably burn their butts. My point is that even though things are not even even, people can STILL be competitive with others and waste a whole bunch of money in the process.
I approve of this message. Around 2008, I was driving a 1985 cavalier. I never bought expensive clothing, I wear Costco jeans and my old John Deer hat everywhere I go. Working in a very specific field, I was making around 100K / 150K a year. I also drove around an old GMC pick-up. People never knew how much I money I had. So they never bothered me about the subject. The thought of wasting money on appearance is absurd and unnecessary to me. And I know people around me, my friends, aren't around because of my money.
I'm driving a brand new Mustang GT with the performance package. No problem with gold diggers. I guess being old and ugly scares them off! Either that, or they only look for Lambos.
@@glowboyglow315 - Before Covid, because I found we were only driving our car about 6 times a MONTH, because I like to keep fit and walk, bike or (occasionally) take transit to stores, etc. most of the time. So to save money, I used to let my insurance expire and then park my car in October (just put storage ins. on it) and not renew my driving insurance (for 6 mos. only) until early May. I did this in Oct. of 2019. I just started insuring it for driving in June of this year. MAN, DID I SAVE A LOT OF MONEY! And got much fitter in the process. So, I'm with ya--at least in spirit!
I love it when debt rich people who think I'm poor talk down to me. Absolutely amuses the hell out of me. The biggest benefit in my opinion to looking poor is quickly figuring out the type of person you are dealing with. Good and kind, or bad and mean.
I work for a liberal college district and was sent to the in house “leadership” class a few years back, showed up to the first few classes in overalls and a cowboy hat, this taught me very quickly who was worth my time and who was not in the head offices.
My grandfather used to go car shopping in his coveralls back in the 50s. One time he was at the dealership wanting to look at a new Oldsmobile. The sales guy talked down to him and tried to show him some of the used cars since he looked like he was probably broke. The guy didn't know he was able to pay cash for the car. Dad said it ticked him off and he went to the Ford dealer and bought a new Lincoln instead....
@@chipwright6193 My good friends grandma had the same experience. She is a little old hispanic lady that doesn't look like she has a lot of money. She actually owns a large insurance company in my area and is loaded. She went to the Cadillac dealership because she wanted to test drive and purchase a new Escalade. The salesperson wouldn't even let her test drive it. She went down to the Lincoln dealership and bought a new Lincoln Navigator for over $100K. She drove her new Lincoln back to the Cadillac dealership and asked for the General Manager, told him what happened and what car she just bought. The GM made all of his salespeople stand in a line and told her to pick out which guy wouldn't let her drive it. She picked out the guy and the GM fired him on the spot. Several years back I purchased a new Audi. The Audi dealership was next to the Porsche and Mercedes dealership. The salesperson that sold me the car was telling me a story about a guy who went to the Mercedes dealership dressed like a bum. No one would help him until finally the brand new kid that just started working there went to talk to him. The guy ended up buying a used McLaren SLR which was basically the Mercedes supercar at that time. The used McLaren had a sticker price of $460,000 and the guy bought that car plus 2 more basic model Mercedes for family members. The new guy working there made over $30K off the deal.
A blackboard? Too funny....the poor version of the white board. Great advice and reminder...im gonna stick to this and the shuddarp principle...keep the mouth shut keep the fb posts about food!
I'm a multi-millionaire who has zero debt and two homes but I have a camper parked in Florida that I call my winter escape pod (I did not want the hassle of owninga 3rd home especially in FL). I went out with a hot girl in Boca Florida (Maggie, 52, beware gents), the night before we were to consumate the relationship, I made the mistake of telling her I lived in a camper in Okeechobee, FL and all of a sudden, she didn't feel quite the same way about me. I learned that a camper is the best gold digger repellent ever invented. Lesson, tell her you live in a camper after you've consumated the relationship 😅😅😅
Lol i picked up my wife on our second date in the most busted ass ram 250 diesel and she didnt bat an eye 😂 i still get a kick out of messing with her about being a "gold digger"😂😂😂😂
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Right, the role of adisors an only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning "return on investment" makes me more happy. (But I still enjoy working)
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 180k to over 354k.
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I was thinking the same thing. My dad definitely taught me thrift and not driving a nice casr into places (and raise the price), dressing down, etc. People judge. I have a rock solid 25 year old car and can tell people think I'm struggling, I just put value on reliability, nothing else. Expensive cars (which I've had) are loaded with issues, most requiring the stealership. I do all my own work.
The best times are when friends are struggling with bills and a new crisis arrives. To be able to covertly walk into a doctor's office or vet and pay off the bill without ever letting the friend know is so rewarding...especially when they tell you what happened and you say nothing!
I’m going to covertly pay for my elderly neighbors next electric bill. Her husband has been having some health issues and they’re struggling. I like to give without them knowing. 😊
I lived in Costa Rica for about 8 years and those are some of the most content people I've ever met. They know they're broke, they know they can't afford a lot of things, they know their government is corrupt, they know that CR is the most expensive country in Central and South America, yet they can make fun of their situation and enjoy themselves. This is why they say and use Pura Vide (Pure Life) for many things.
@@MrMath2001 Not in my experience. Millions of working class people always have 'calamity' stalking them - or, at least - the way that most of the better off people around them define that word. Life isn't about what happens to you - it's about how you respond.
I did a trip across South America and went to most of the countries like Peru, Chile, Bolivia, Argentina, Paraguay and Brazil. I'm a photographer and one of my main goals on the trip was to take amazing photographs. My camera, lenses was about 8k. I ditched my camera bag, went to the local mini market and bought some snacks and got a plastic bag and I just put my camera in the bag and had an extra lens in my pocket. I walked through the city and look around quickly take my photos. I saw some hooligans and they didn't pay any attention to me.
I inherited $2 million a couple of years ago. Unfortunately, I told people and everyone wanted a piece. My husband and I paid cash for a house and I bought $1,000 clothes at Macys. I kept my 14 year old Honda. We suddenly had more friends. Go figure. I wish I never told anyone.
@@ResearchNational: My friend Michael asked for $50,000 to start his dog walking business. Haha!! Gary, my friend of 20 years wanted me to buy him either a gas station or a bed and breakfast inn. My co author asked me for $10,000 to start his You Tube Channel. I said “ no” to all of these insane requests. Those people told me exactly what they thought of me and disappeared. It hurt for a long time. It was my fault to say anything.
My dad taught us this lesson since we were kids, he’d drive around in an older beat up truck and would dress blue collar, nobody would guess that he owned multiple rental properties. He’s since gone home to Heaven but none of us, his children, live fancy or drive expensive cars. My children and nieces and nephews aren’t even aware of the legacy they stand to inherit 🙏
I hope you are preparing them for that legacy, even if it's a secret. Most wealth doesn't last 3 generations because most parents, even wealthy ones, don't *teach* their heirs before handing them more than they should ever need.
@@xaldath4265 yes, excellent point, they each have their very own college fund, to which they contribute a portion and I match it 10:1, that gives them incentive to put in a little more than they would choose to Blessings 🙏
So, you plan on passing on the wealth or use it only for illnesses? No fancy cars, no lavish bungalow, etc. It only takes 1 bad generation to spend it all. Say, your great great great grandson spent it all.
#4 in general you want to be modest about your accomplishments. Jordan Peterson said something like "be careful who you share good news with". Only a true friend can handle good news, most people cannot.
@@castirondudeI’m only replying to this because something happened to me recently that was similar. I recently was hired for a new job and I live close to the workplace. I’m considering different routes to ride my bicycle to and from work, so I called a “friend” who’s knowledgeable on local trails and access points. He was receptive to the initial question but in the course of the conversation became sour, and negative. I’m a notorious ball-breaker so I did all I could to get him to laugh and lighten up. (New job is in sales btw) Was not effective so I ended the call. Two weeks later he sees my wife in a coffee shop, and asks her if I’m “ok” and says I was strange on the phone, while making the crazy hand spinning finger next to his head etc. My wife comes home angry at me that I’ve told someone my business. That was an easy one to solve at home in my marriage but I’ll never talk to that son-of-a-bitch again. Close friends are truly the only ones you can share with and even then share sparingly. Maybe one or two friends over a lifetime you can let all the way in. Guard those people with your life. Marry one if you must but talk to a lawyer and accountant with all parties present before you do.
Sunrail, here in Florida, has made my wife's commute to work 8 miles round-trip vs 74. Huge savings on keeping the miles down on the vehicle and less time in traffic to avoid accidents and stress on her.
Then you get hit by a car (heaven forbid) and realize you took a big gamble putting off enjoyment for more money when you're old. If it's convenient then sure but in most places public transit sucks.
Keeping a low profile by staying off social media is a must. People want you to be successful but not as successful as they are. Money really brings out the best and worst of people and the jealousy (green-eyed monsters) will be out in full force.
Green eyed monsters are your best friends and family . Like that guy who one big lottery his two ex wives and 2 of his siblings tried to murder him now he lives like a homeless person in a shack in a junkyard so nobody can find him
I totally agree. You flash it and better get ready for those who catch the glimmer to come after you! My mom’s aunt owned blocks of houses in San Diego. Gave second hand gifts, if any, and dressed very modest. Kept all original furniture when she got married and never showed any wealth. We all knew she had it but never asked for any. She also taught me to treat your workers like family so they respect you and won’t steal or bad mouth you!
Truck driver. Always have a t shirt and gym shorts on when home. Neighbors have no idea I own 3 condos in our community. Not even the renters in 2 of them. Just makes things easier. 👍🏻
@@Infernal_Elf There are subsets of truck drivers (mostly owner-ops) who make bank, even with the rises in insurance, repairs and diesel costs. One canadian driver i met does massively long hauls across the US, had a condo in Canada and a house in Florida. His Peter-built was paid for in cash.
@@dbased1915 There's money to be made still but, not many guys who drive a truck for a living make it to that point of paying for Peterbilts in cash. That requires a rare level of hard work, business savvy and financial responsibility...most guys who drive a truck for a living are just employees making a paycheck for a reason. They don't have what it takes to get to the "big bucks and fancy trucks" level.
do you think making an average amount of money makes you wealthy or something? you blend in because you are in the same boat of alot of people.. yeah, some people are poor so they make less than you & you are different from them but you aren't wealthy with 200k annually. wealth comes from within.. also how are u getting that net worth? i make around the same, maybe a bit more. i grew up poor, but i still wouldnt consider myself anything more than like.. average at best. you have to make 200+ to live in the usa nowadays. i cant even afford a new house right now, and we're supposed to be "rich"?
@@FrankSmith-g5e Your outlook is very interesting. While you may require that much to live in the US, Me and my wife make a combined 40-45k a year and are comfortable. We have almost no debt and still take a vacation or two a year. It's a simple life. If I made 200k a year I don't know what I'd do with the rest.
@@FrankSmith-g5e I live from 12k a year (as a single household) and I am from Germany where living expenses are significantly higher and I am still happy with it. Not much more I could ask for. I always say "needing less is having more". Also holding this standard allows me to skyrocket my wealth and at the same time buy as much time from it as possible (which is the most valuable resource in my opinion). So don't tell me you NEED to make 200k+ to live in the US. Its what you tell yourself, but not the truth.
and you seem to be interested in bikes as well, here is a fun story, I won't talk about income and stuff but I can afford a good car easily, instead, I buy more bikes , even expensive ones and the best part is how clueless people are, you can ride a $15-30+k bike, slap a rear bag or backpack and most people would think you're just a food delivery guy, and every time I be honest with someone and tells him a bike's price, he just tells me why don't you buy a car and that he'd buy something like a dodge charger with that money because it's like a symbol of status. they're usually the same people who earn like $500-$1000 a month and buy a brand new $1300 iphone every year.
@@FrankSmith-g5e come to some developing counties and you'd be a king making something as low as $20,000 a year, in some of these countries, you pay zero taxes so all of your income is yours, however, real estate prices are still high, and yes, if you want a small decent house you'd need at least $200,000 nowdays, which more than %95 of the population can't afford
1000% AGREE..This has been my lifelong philosophy. Looking like the "average joe" puts you on a equality level with most people..Flaunting wealth only brings jealousy, contempt, and opens you up to theft from others..People seem to think flaunting wealth will bring them notoriety, but it has the opposite effect..Instead of trying to be the upper crust high society, one should aspire to be the average joe..Drawing attention to yourself has adverse effects
@@cantankerouschris4596 I have a friend who a few years ago paid $85,000 for a Cadillac Escalade. She asked me a few months later, “do I look pretentious driving this ? Because people keep giving me that look of contempt”. And I said “honestly ? Yes , yes you do. Lol”
I would say your wrong. I came from nothing and lived in my truck for 7 months. I now have 2 kids and a special life because I build it. I work hard physically but I make great money so why shouldn't you expire to make amazing money that can add to your life. Lazy people are fine with being average or less. Leaders are naturally gravitated towards success! Just because we work our asses off and make cake it doesn't give any one the right to take away or say you should be average! You be average and average minded and that's all you'll be, all good to me either way. I gave up trying to help average Joe s. Average realy wants average.
@@avibaner4960 Perhaps you are missing the point..Key word is "APPERANCE"...when you present yourself as being "better than" or "wealthier than' You will only draw negative attention from others..Nobody will look at you and say "what a grand person" Appearing to be average doesn't mean you ARE average
I knew of a Billionaire who passed away some time ago.He drove a 1997 Toyota Celica.He and his family could have anything yet he taught them all to be frugal and drive normal cars.He imported and distributed Toyotas and Lexus to all the southern states.He grew up poor And never felt the need to look wealthy once he could afford it.
I grew up with parents that were financially illiterate. The moment I got my own job I was never broke. I never buy what I don't need and I never cared about keeping up with other people. The more I make, the more I save, and the less I want. However, with certain things I do believe in buy once cry once. No sense in being cheap and having to pay more in the long run.
You didnt mention this but I think one of the good reasons to have kids is that after you have kids, the type of cars you drive and type of shoes you wear... really matters a whole lot less. Before kids, I was spending so much time and money on looking good and trying to let everyone know how well I was doing. Now with 2 kids, I honestly don't give a damn about any of that.
Enjoyed the video. People do treat you differently especially family. One thing I would add to this list is keep your mouth shut should you receive an unexpected inheritance as I did. When my father passed away I inherited a substantial six figure stock portfolio that I was completely unaware existed My then girlfriend, now my wife, believe it or not, was calling her friends and some family members telling them about my inheritance. By the time I found out about her running her mouth the damage had been done. Everybody was asking for money and expected me to give it to them. Made a lot of enemies fast. I won't bore you with the rest of the details. Keep your financial matters to yourself.
I totally believe you. My husband and I just moved into a bigger house and instantly people changed. I cannot even describe the look you get. I just know that we were expected to pay all dinner bills, etc.
I am your enemy now my friend. You gots to give me at least $1,000 I need it. If not im going to have to wipe my asz with leaves and eat mud to survive 😢
I remember having dinner with a couple of wealthy friends. They asked me where I was staying and I said, being slightly embarrassed. They were both like, I don't stay anywhere else, I've booked in next week at one. It's not what you get, it's what you keep.
I worked for a wealthy family and encounered the family matriarch on the street as I came out the door of the barber college ($1.50 haircuts--all my brothers in my big family went there since childhood.) At work the next day I was complimented for being so sensible and thrifty. She told me the reason she was in that neighborhood was that she always went to the women's hairdressing school next door (part of the same barber school business!)
@@carollynt You're talking about those places where the front office reeks of curry and have unwed mothers with cigarettes dangling from their mouths hanging around outside.
I'm retired at 38 off these concepts. Local library is overlooked. Endless hours of free entertainment from DVDs, audiobooks, real books. I've no streaming services and no desire for them at all. Really it's about understanding marginal utility. Most of the time, a free or nearly-free option is quite close to as good as a very expensive option. The difference between a Chevy cavalier and a rolls Royce is huge until you start really thinking about how much happiness you would actually achieve by spending the 400k or whatever vs having your time back, investing that money, and looking like a college student.
@@kw6713a I'm 15 years ahead of you. My monthly investment income far exceeds my monthly bills at this point. I'm still working as my career has just been amazing. I want to keep the ride going for as long as I can. Ballin and shot callin. 😎
I can buy Lexus but drive a Toyota instead. I can shop at Nordstrom but shop at Goodwill. I can own a bigger house but live in a modest home. I am content 😊
Max Brooks, son of Mel Brooks, related how his father would drive him to school in a minivan. He knew that his parents had much nicer cars, so he asked his dad "why the minivan"? His dad replied, "It's one thing to have money. It's another thing to rub people's noses in it."
I'm a truck driver that's always saved my money. My wife doesn't have to work and we have kids. I have a 2002 impala and a 2006 gmc canyon and I bought a 150k house. I just tore everything in my knee and calculated how long I can go without working. I can go 7 1/2 years without working before I go broke. I am 34 and have only made trucking money for 6 years. This is a quite comfortable calculation too I could probably stretch that out. I've always shopped for clothes at Walmart and I have no issue looking average. I have more cash than my sister who makes around 300k with her husband
1. Lawyers and snoots. Not all crime is kidnapping and robbery. A lot of them would be people trying to sue you for anything and everything just to see what they can grab out of you. And that's why ...the lawyers..
I have a friend who is fairly successful and has a passion for expensive foreign luxury cars. He's from a working class family and his brother and sister in law seem to often get themselves in trouble financially. He complained to me his folks were always pressuring him to bail out his brother when he got himself far in the red. I told him he should buy a plain Jane 5 year old car and complain about bills and taxes every time he saw his family instead of flaunting his wealth, but he just gave me a blank stare like he didn't see the connection!
God has blessed me with so much & I'm happy. No longer worried about fashion trends etc. I have enough..I just enjoy my blessings & thank God daily for the life he's given me. Gratitude & appreciation is the key to peace.
I'm with you. But , I may not thank God often enough. I find myself doing it more as I get older. By the grace of God I'm alive and breathing . I am happy with what I have and live modestly. I don't want to struggle when I retire -God willing.😊
My brother in law through a $250K inheritance years ago (he never spent a dime of it), serious frugality, and basically a very simple lifestyle accumulated a million dollars in cash. He drives an old mini pickup and still works even though he could retire. I can't help but laugh seeing him in that old pickup putting along to work while the high end vehicles pass him by. He's got a million in cash and is a happy, friendly, non-judgmental person everyone likes.
Whole heartedly agree. My wife and I haven’t made a ton of money but have 1 beautiful child, some money in the bank and are able to do a few things. Not at retirement yet but hopefully in about 5-6
I had a girlfriend years ago who took me to meet her grandparents. They lived in a modest basement rancher in a rural area and had furniture that looked like it was from the 70’s. Their home was clean and well-maintained, but almost all of their stuff was old and inexpensive. She took me to their garage and showed me two new vehicles - a Ford and a Toyota. She told me that the land the NASCAR track in their area sat on had belonged to them, and that they were millionaires after the sale. But all they wanted after getting all that money was a couple of new cars. Other than that, they had no use for the money. They were content with the lifestyle they’d always had. They invested the bulk of the money for their children and grandchildren to have something nice later on. I’m sure my ex-girlfriend’s dad inherited a small fortune when they passed on. Maybe my ex did too. It always impressed me how little the money meant to those old people. It made me want to be the same way.
People will judge you if you're rich, poor or anything in between. That's just how people are. One of the keys to peace in life is to stop worrying so much about what other people think. I'm still working on this one.
I once bought a brand new car and my apartment manager started giving me eviction threats for not paying fines for not registering a new car with the complex. His first statement to me was “You can afford a new car, why can’t you just pay your fine.” There was absolutely nothing in our lease that said we had to register our cars. He next proceeded to claim we needed to prove to him we didn’t have three cars because the lease limited us to two cars. About four months later the dealership gave us a very high trim level loaner car while the new car was in the shop and the fines started again.
@@williamschubert3929 yup, the boomer will take you for all you have. Then blame you for not affording a home. We found a cheaper better managed apartment to save for a house. This guy would have taken us for $3k a month. My lawyer actually got his managment company to end their contract with him.
I met a beautiful married woman with children in the Philippines who told me that before she was married, an older rich foreigner offered to marry her and take her away to a lavish lifestyle. She refused. She then told me that she wasn't rich in money, but was rich in family and love. My respect meter went off the charts.
Lol, every Filipina has that story. Kinda sweet that ur naive enough to believe it. It's a similar story Samoan guys tell girls, that they're the chief of their village back home...
Only care about people who really live and care about you then you'll have peace of mind . Peace of mind is something money can never buy you . People who are always out to impress or have issues with you being more better off than they are are not friends
My wife and I are banking 222k a year. She’s drives a 2012 Camry hybrid. I drive a 2018 Civic Sport. We live in a 60 year old house with no central air. Our only debt is a $1310 monthly mortgage payment. We are socking it away for retirement and our son’s education.
Speaking as a senior software engineer... college degrees will cost more than what they will provide the individual. Save that money so he can retire early instead of losing that money for a piece of paper which won't pay for itself.... very few careers actually need a college degree. Just look at the job positions today and you'll see the vast majority of them say "Bachelors degree OR equivalent work experience"... the work experience is why someone is hired.
I tried to look rich in my youth. I realized it attracts the wrong element. Now I look dirt poor and everyone ignores me. It simplifies life. You don't have to guess about people as they pretty much tell you who they are by how they treat you. It's the greatest disguise.
Videos, such as this, always make me smile. First, if buying a Rolls Royce causes financial stress, you're not wealthy. "Flaunting wealth" is a subjective description. It's absolutely true that private jets (and fancy cars etc) don't bring happiness. That's a separate discussion. However, a private jet does typically cut four hours off a journey time, avoids queues and airport drama, and avoids tolerating other travellers. This brings peace and relaxation; as does a Rolls Royce, in many respects (particularly from the rear seat). Are these things "flaunting wealth" or are they "enjoying wealth"? To me, 'flaunting' requires one to ensure others notice something, by unnecessary actions. I don't consider personal pleasure, comfort, and peace, to be excessive benefits of success. They are the point of it, to a large extent.
My wife and I have 10 properties here in California and are looking for our 11th cash purchase so I guess we are millionaires on paper, but you would never know it by looking at me. My typical attire is a T-shirt and dirty jeans. I may shave about once every 3 months, but only after my wife complains, and my daily driver is a 33-year-old pickup. The homeless look is where my comfort zone is.
In the past, three friends found out about my financial situation. It changed them very much. I was still the same person, I didn’t behave any differently, but my money made them uneasy.
Those are no friends. Their uneasiness comes from jealousy. If you have known someone for a number of years your financial situation should make no difference. 😊
Good advice. One difficulty is that many people will mistake Thrift for Poverty. That if you don't have all the extravagant stuff, it must be because you can't. And if you *look* Poor, they feel that gives them license to treat you Poorly. (They're wrong, but nevertheless. It's not fair, It's not right. It does happen.)
@@NateB I actually didn't specify women. That's your invention. And it's less about what people think and more about how they act towards others based on their often inaccurate observations..
That is why you shouldn't put your poor as5 in it, or you will be walking naked in the street one day when the vultures has taken all. "My best time is when I lost everything" (with lisp) -Mike Tyson
Then he was given very poor advice. Nobody in their right mind would personally purchase any high end real estate or other items. You set up holding companies, limited partnerships, trusts, etc etc and if you MUST play “Hip hop mogul” you lease those items from those entities.
Everything is this video is true!! I was having a conversation with a friend a couple weeks ago about how it's good to blend in and not look like you've got a lot of money because it attracts the wrong type of attention. When I drive a certain car with a higher value, I get certain questions asked and attention. When I drive a car with less value and it's just a basic car, I get no attention and I'm good with jist blending in. I still enjoy the things I've worked for but I'm just more conscious now. Good video!
I used to work at a BMW dealership... it was the people who looked like they had money that bs'd, and haggled and gnawed our bones on credit terms. The farmers- in dirty flannels and ripped jeans would come in an old pickup, pick out a car and pull out a check book... like "I don't have time for all that bs."
A few years ago I bought an older used Mercedes car. I liked it because its one of the few options for a diesel engine in the US (which gets excellent fuel economy) and the particular model had a very good reputation for reliability. Only paid $7000 for it so it was by no means an "expensive car". It was a great car, but there was a never ending deluge of comments and "looks" from people implying that I must be "rich" because I drove a Mercedes. Normally I dont care much what people think, but even my friends treated me differently. I ended up selling it a year later because I just couldnt deal with the stigma anymore. I miss driving the car, but the way people treated me once they saw the car was awful. Nobody treats you different when you drive a Toyota.
If you're friends are poor then they will treat you differently for driving a Mercedes. Middle class and upper class would never think a Mercedes meant wealthy.
@@AdministrativeReload he kinda has a point tho. Sometimes you have to drop certain people in your life. I'm not rich either, but I love cars and all I drive are used trucks. I had an old friend that wouldn't shut up about my used Cadillac. I paid $5,300 for it and the owner kept it in the garage so it was in pristine condition. My friend was super weird and ranting how rich people are evil and what not. Everywhere I went in it people would assume I'm rich. Even in rich area around town I gained more respect by driving it. Non car people just looks at the badge and think money. Toyota is a non lux brand even though wealthy people drives their cars. Drive an old BMW that you picked up on Craigslist and immediately everyone thinks you're a rich douche.
I have a friend in US, former chipdesigner, net worth 3-5m, lives in a average house in a nice, clean and maintained neighbourhood, drives a Japanese car, looking like average, his two daugters didnt need a dime of debt to finance their PHD or the University degree. He has implemented these five rules, since he migrated in 1990 to US. With 55 he got a exit package from his employer and retired. He enjoys life, be doing things, he likes, like sailing, travelling and trading stock options with a small part of his wealth to cover day to day living expenses.
@@RobertDean-x5e money don’t buy happiness, but your sons won’t struggle because of your money…. Make it make sense 😂 if they are not as successful as you are, they will spend it and all your sacrifice was in vain unless they can exponentially growth what you are giving them.
I agree. Having enough is really important. Counting your blessings and just be "normal" Growing up some of the richest people we knew looked./.... "poor". They drove older vehicles, but they were really nice!. They had noice homes, but didn't put on the dog. They did anything they wanted, but didn't brag about it. They wore regular clothes. It provided theym a lot of freedom to be themselves.
That's a very Scandinavian thing especially with Swedes . I came across research data " How Important Is Wealth " and it listed countries where having wealth and flashing it was important and Sweden as at the bottom they don't care how rich or poor you are just be nice good person but Ukrainian and Russian were top on the list . However the list only included 30 countries all from Europe not the entire world. If it included every country ,Middle Eastern countries would be top . I know so many from Middle East they have to show off their success especially if the wife makes money at her job .
#1 reason for hiding wealth is for your kids sake. Kids that grow up rich have a sense of insurmountable pressure to be like their parents. Workaholics. Long hours at the law office always taking in new clients. Salesmen chasing every lead. Too much. Sacrifice some wealth to hang out with your kids. They rather spend time doing a free activity like playing basketball than going to another sporting event where all the attention is on the players.
Before heading to work on my investment property, I would go to a car meet early, dressed in painting clothes. I’d arrive before most people and try to engage with the high-end car owners. Many of them seemed arrogant at first, but before leaving, I would stand next to my Lamborghini Huracan. It was amusing to see how quickly their demeanor changed 😂
If you care about what other people think, you are not wealthy. I will buy whatever I want and drive whatever car I want. As you become more wealthy, you have to change your peer group so you avoid these problems. People who are envious of your success are not your friends. There is no shame in being successful so move on if people are dragging you down. Fly private if you want or buy a Ferrari but don't post it on social media. Stay humble and grounded but enjoy your life.
@@dmulkey4185 I agree but you are not free until you truly don't care. Haters gonna hate, hate, hate, hate, hate, hate - Taylor Swift ( my daughter made me listen - LOL )
I knew a gemstone cutter/dealer who would travel Greyhound Bus in a crummy great coat with many hidden pockets to and from gem shows. He said if he traveled by jet with a case, he would attract attention carrying hundreds of thousands in cash and jewels. The guy never owned a car and lived on a crummy little house in a nice small town.
I’m probably the only doctor (retired) in tge state of Arkansas (and maybe surrounding states) who drives an unrestored antique beater truck as my only 4 wheeled transportation. ‘93 Dodge Ram. Reliable. Saves money! Don’t care that I drive a beater!
Rich and still driving my 1995 Dodge Ram 2500 diesel truck that I bought in 1999 when I was poor. A new truck would be a waste of money and all the hassles of paying for comp/collision insurance and worries about it getting door dings. 😂
I met a man in Montana whose family started the town turned city. His name was everywhere and they (he) owned thousands of acres of land and properties around the city. When I met him he was dressed like a farm hand in coveralls and was working on one of his properties. His truck was a 1950's Chevy pickup. You would never have guessed who he was. Peter Yegen Jr., Billings Montana.
All of the things, in the video said, are so true. Even if you are not a billionaire and you cannot afford a 10.000 Dollars a night you can experience all of these things. Thank you.
Really liked this video. I'm retired and while I will never be the richest guy in the graveyard, I too have what a lot of people don't have - enough. I read that being wealthy is living below your means. Living hand to mouth will make you unhappy but having more money thank you need will not make you proportionally happier. Finally, any idiot can make money but the trick is to keep it and as you so beautifully presented it, the way to do that is to stay under the radar. Look poor!
I’m grateful after everything I have after I went through.. I see that I’m better off than most in this world.. I give away things freely to those in need.. I always cash tip a ridiculously large amount to workers who will accept it.. I give hot meals to hobos.. a wealthy ex couldn’t stand it and said I’m in no place to help others. I know I can’t fix the world just by being generous but I can’t just pretend and not share with people. If I won that much money, I’d buy modest homes for my children, surprise people who helped me in the past with big gifts, donate to my community, St. Jude, Shelters, National Parks.. that would be a dream come true.
#5 is the true source of contentment. It was one of the most difficult transitions I went through, and it required a lot of soul searching; thankfully I made it to the other side of that wall. Having said that I enjoy driving my truck, but I also enjoy driving my Rolls. Life is complicated and there is no one formula for different people, or the same person on different days. Nice video, well worth the watch.
One thing the military taught me was to keep a low profile. It was an attorney that told me that. Keep your head down your mouth shut and don’t volunteer any information.
I live in Downey calfornia and I am the only person who reads books. I go to Portos bakery and purchase coffee and read my books. I am happy. So much flash and gold diggers don’t like a perosn who reads and dresses poor. It’s priceless. Frank
I inherited some money but never told anyone how much. My ex boyfriend told all his friends and family. His brother hit me up for mortgage money. I told him no, go get a job. My ex’s friend hit me up for tax money on a property and I told him to let the bank take it.
All of these are spot on but man, I can attest to #4 ... I never had really great friends, mostly just a group of guys married to my wifes friends but as soon as they realized I had more money than they did... They basically now have a reason to dislike you. Envy !!!
Classic, I can one up you. Was and still am a specialist building contractor. Had a rough tough old van and found a flyer on the windscreen offering to take my van for free for scrap metal. All my guy’s thought it was hilarious. In saying that, the inside is decked out like a boutique carpenters dream.
I have relatives who worship money and keep up with the joneses and look down on people for not having the latest new thing, including me because I'm a minimalist. I'm grateful to God I do not have that mindset. Come to find out they take out bad debt to keep up this lifestyle or they're very bad with their finances. Their insecurities are so bad that they're willing to put themselves in a financial hole in fear that people will treat them the same way they treat others.
This is a so insanely good mindset to have. it is very difficult for most people to think like that, since most people make the wrong decisions in life, namely spending all their money on an overpriced car and home, and furniture. get stressed, by working hard all the time to show others you are successful, so as not to be looked down upon, or feel that way
All the old money people i ever knew lived in modest homes, wore classic styles that were 20 years old and did not go on expensive vacations or flashy cars.
Awesome Vid! This is exactly how I want to be, I’m an up and coming builder.. but I have my #1 client and he’s a billionaire! I crap you not, in assets, this dudes a certified billionaire.. owns HUNDREDS and Hundreds of apartment buildings. And he where’s like Costco shorts and Tshirts and drives a Honda Fit. no jewelry, no watch.. but spends in other ways.. this man has a warehouse, where he has a full time staff employed, building Porsches for him to race. And this is his hobby. lol it took me many years to truly discern what levels of wealth are.
Watched an interesting commentary from a UK lottery financial advisor. He said that if you know you have the winning ticket, the first thing you should do, even before upu claim the winnings is clear ALL your debts. Retail store credit, car loan credit, personal debts, fines, etc etc. because if those organisations figure out about your newfound prosperity, they immediately begin scouring the small print in all those contracts and up thw ante on any overlooked fees. On a closing note, just want to repeat one of my Dad's pearls of wisdom: the people that swank around ostentatious shows of prosperity, either are broke, or soon will be, whilst the people show more humility and modesty with their financial position, are richer than you could imagine and always will be.
Well, im surprised that you even need an advisors advice for such elementary thing! For me its kind of common sense- first pay your debts, but better - don't make any to begin with!!
Yep, agree. I'm 31, living in Melbourne Aus. I wear a work uniform so that helps with everyday clothing, but I literally buy a few new pairs of pants or t shirts once a year, maybe once every 2 years. Shoes from Kmart, no brand name stuff. A 2006 car paid in cash. But we are smashing out mortgage down and will have it done in 3 years from now, probably less. We borrowed 480K end of 2019 but have been focussed on just smashing it and then enjoying later.
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Toby, Real affluent people almost always never show their wealth. they drive standard cars , live in normal houses, and dress normal. Its only the wanabe rich who try to show of and that is something you totally missed. you have to be one to know one.
wish u said something as a comment rather than a link
Rua
How can I avoid these people. Almost every day of week I'm approached by another eager investment 'success' person who wants me too to share in their success, pitching like crazy showing me numbers on their investment platform. When I tell them they're being *pig butchered* they take deep offense, if I make an excuse and leave they persue me.
Wrong. All wrong. Don't look poor. Buy the most expensive rare supercars, wear the 500k watch, dress up everyday in 3pc suits. Buy big house. Hire 3 personal bodyguards at all times. One to change the lightbulb one to look cool and the other to hold your hands while you pee. You potentially attract possible people to join in on your success.
I’m a contractor. If I drive a new truck people will think they are over paying. If you drive a junker, people think you are broke, and aren’t capable or experienced. Drive a decent cheap vehicle and they think you’re an honest man and charge honest prices.
This is exactly what I assume. Don't be showing up to quote me a landscape project with your brand new F350 King Ranch... Obviously his quote was twice as high as other companies.
That’s brilliant!
Oh bullshit, I wouldn’t want any broke contractor. I want somebody that looks successful.
I have often thought that myself…I see expensive HIVAC trucks with fancy artwork emblazoned on the paint…and tell myself, I bet they overcharge.
@@ihave35cents95
I go y word of mouth. Otherwise I’ll get 2-3 different estimates for jobs
I look poor because I'm poor. Problem solved.
Haha...just be yourself then! LOL
😂😂
LOL
Jajaja love it broo
😂😂😂😂
My dad used to pick up and drop off money for the mob in nyc during the 70s. Got paid great money. He would dress like a bum. I asked him one day why he dressed like that. He told me, when you're walking around nyc with 100k in a paper bag you make yourself look poor. This way you don't get mugged.
Yes... When my husband and I left the NYC Cartier store on 5th Ave with a red Cartier shopping bag, I remember immediately growing more and more uncomfortable with each step. It was a long time ago, but I'm pretty sure I had us stop at CVS-type store to get a cheap brown bag or plastic bag to get rid of the bright red Cartier one 🛍
@@linneasimchah1621what by Carter when you can buy Kirkland? Lol
If I were to ever get to a point of having a lot of money., I know I would be modest. I do not care about fancy cars ,clothes , or houses. I do not need any of it . I would just pay off my debts ,and invest my money..
I've often thought of a similar technique. Suppose I needed to travel someplace riddled with crime (SF or NYC) carrying expensive camera or electronic devices. I wouldn't buy something expensive to carry that. I'd get a cheap used pack or, better yet, a bag for baby stuff. That baby bottle and diapers would say clearly, "nothing worth stealing."
@@eliking3333invest your money for what? If you are truly modest you will not need that money. Maybe it's better to define a purpose, then you can make decisions about the correct investments and goals.
If you are very rich, keep it quiet, keep it to yourself, stay away from social media, focus on your hobbies and stay away from people. Only keep few good friends around and that's it! That's the key for happiness!
High class problem that
I'm not rich. That's one less thing I don't have to do. Gee, I'm so lucky....aren't I?
Money can buy you TIME which is THE MOST IMPORTANT COMMODITY IN LIFE! Then you can use your time to live the life you want. Most of us, wait for retirement to enjoy life but then we are already too old to do things that we've already dreamed of. That said, being rich does not mean you can take things for granted either, such as your good health. If you are rich and you NEVER forget what the money does for you (again it buys you time) and you remain humble, quiet and thankful, then you can truly live a happy life! Also, just because you have money, does not mean you have to spend it all. If having money in the bank makes you sleep well at night (which is SUPER IMPORTANT), then THAT money has already served its purpose by giving you a good night sleep. Money gives you options in life, again by giving you time that you can use to pursue your passion and hobbies. One last thing you need to keep in mind is that it is A VERY BAD IDEA to compare your life to other people's lives. Don't waste your valuable time WITH such wasteful activities, instead, focus on yourself, on what makes you happy and let other people live their lives at their own terms. By not comparing yourself to others, you will also liberate yourself, will not feel any pressure to prove anything or explain yourself to anybody and you will feel much more relaxed, satisfied and joyeful!
I've realized that people who advise others to "stay away from people" are the same people to call individuals staying away from them stuck-up. Y'all should make y'all's mind up.
@@digitalaccessibilityacademy LOL that's not my experience. There's TWO reasons to stay away from people these days.
1) People are frickin' nuts and it's best to keep an arm's length.
2) I know a rich guy and it appears from my observation that rich guys have a swarm of leeches, vultures, and parasites around them. It really speaks poorly of human nature. OP is right, if you're rich, keep most people at arm's length, they generally do not have YOUR best interests in mind, much less if you have something they want.
If a person is "staying away from people", far from calling it stuck up, I realize they're wise and prudent and good for them.
Reminds of a guy my cousin worked for as a handyman. He worked for this guy for about 12 years. The guy was in his mid 60's. He had a large property with about a dozen horses and a couple of dozen cows. My cousin said he drove a 20 year old pickup and always wore old denim overalls. The guy spent most of his day with my cousin working with the livestock, mending fences, cleaning the barns, mowing grass, etc. My cousin said he was one of the nicest down to earth person he'd ever known. After the guy died my cousin found out he was worth in the neighborhood of 80 to 100 million dollars.
Just think about all the good he could have done with that money instead of hording it.
@Dave-sw2dm why would you even imply he didn't do anything with his money. Did you know him? His worth doesn't mean he has the money physically.
It was probably real estate wealth which isn't liquid money.
Yeah don't confuse net worth of 80-100 million with "I've got 80 million dollars in my checking account". Nobody has 80 million dollars in their checking account. The bank would shit a brick if they saw that.
@@annettegallegos5247 , because they implied it was not known and that is how much he had when he died and he didn’t live like he had money. I guess that is why I entertained that possibility.
I used to play stupid at work because I found out my supervisor would leave me alone if I did that. I found it easier if people underestimate you.
In my world, those people get fired
And you get less work piled on you 😂
I play stupid so long I became the role 😂
@@ihave35cents95 So you're not a lib. lmao.
@@andyh8239He was so into the role, he has a Harris 2024 sign in his yard😢
One of my ex brother in laws who owned his own excavating and roofing business, had a crappy looking house and terrible old landscaping. I thought, why doesn’t he fix it up ? And then I went inside his house and it was like a palace. Really nice top notch things. So I asked him why the outside looked like he was poor. And he said that if he put new siding on, and a new deck and cleaned up the yard, the tax assessor would raise his property taxes.
😂
Amazing…
🤣 t
😂
I want to start a siding company with looks-like-sh*t product!
It will probably help keep the burglars away as well.
Stealth is Wealth
Amen
Agree
Best comment award 🥇….if you can’t make a point simple, you simply have no point 🫡
Nah if you show your wealth you put a target on your back. It’s best to be low key. That fancy car is not going to make you happy, it will get a lot of attention. The giant house will serve the same purpose as a normal house because the most time you spend at home is sleeping (8hrs) unless you work from home 😅😅
Nah, health is wealth.
I'm in the rental business, 90% of my tenants have a better daily driver than myself, a 97 Toyota PU, and do I care? ABSOLUTELY NOT!! I even had a tenant say, "isn't it about time for a new truck" Definitely happy with my life, and being able to travel the world!! 👍
This
I drove old cars until one of my investments exploded, used some of it to finally buy new and paid cash for a new IS350.
In 1 month this year my insurance on it randomly jumped from 190 a month to 310$. My old Acura was like 92 bucks per month to insure. Driving something cheap and reliable is the way
I hear this a lot. Now apply this to all parts of your life. Stay at Motel 6 when you travel, live in 1,600 SF home, wear Walmart clothes.
Less go! Toyota lol
@@motorsportvalley I'm a different breed bro! 🤣
I grew up poor. Now I make a really good living. Whenever I make a big purchase, I dress down. Never revealing my wealth. This has served me well with service calls for repairs and big purchases. If folks think you have wealth, they will always charge you more. Great advice here! Happiness does not come from flashy shit, it comes from building experiences with those you love. Live modest and build memories.
And doing the things you love. I tell everyone who'll listen to "Enjoy life every day because you never know when it's going to end!"
It seems people in repair and building work are doing well judging by these comments.
Contentment is the elusive treasure that many never find no matter their financial level. Contentment is the true wealth
Paul said it best.
@@catzlady.8189 amen. paul is a super hero. be content with nothing. my motto.
Contentment is a North American mindset, that's why the west was just surpassed by the east. Yes that's right the Chinese Yuan has supassed USD on a global stagebas most used currency for international trade, USD is forecast to lose a lot of value and so is the US economy. Your simple American thinking was destroyed by Chinese multilevel long term thinking and you played right into it, even with the coming September rate cut that will further make the USD less attractive. Enjoy the show over the next while.
True
Well said
Charlie Munger used to drive a jalopy when he had an office at the Pacific Stock Exchange in Los Angeles, When someone asked him why he would drive a car like that, he replied, it keeps the gold diggers away.
A jalopy may be over the top. Especially if you are single.
😂😂 classic...RIP Charlie❤️.
And what a boring life he's had!
@@microfarming8583 If you need a nice car to feel secure then seek help
@@microfarming8583
Charles didn't want the excitement you referring to. 🙂
Whenever a friend shared with me a "success" in their life, I was always genuinely happy for them... and mistakenly assumed that if I shared a "success" with them, that they would genuinely be happy for me. Boy was I wrong!!!!
True. Gotta be very selective with that.
Very true. Just cuz we can be happy for others, only means others can easily be pettily jealous of us.
Family members are the worse
So true i found out the very hard way 😂
You need better friends, yours are broken
My dad gave me great advice and one was the only person you compete with is yourself. you don’t need to have everything to be happy. You just need to take care of your family, future and be content. I never bought anything to impress anyone and I have always been happy and content living a middle class life and not living above my means.
So few people think like that. But I do too. I have a 21-yr old friend (21) who is a neighbour. She offered to help me with whatever I need. So a couple of months ago, I needed to upgrade my old vehicle that ran, but needed too much work to make it worth fixing. So I asked her to take me (in her car) to look at a car for sale. I didn't buy that 1st car--because it was junk and the guy was a jerk (which I had had a feeling about beforehand and had shared it with her and what I felt we should do if it was true). Afterwards, she was amazed how accurate my prediction about the guy was.
Then a week or so later, I found a car for sale that was on a transit route, so I took transit and ended up buying the car. I paid ABOUT 30% LESS for it than the 1st car and it was MUCH better in every way.
Well I guess my friend told her parents (her dad doesn't like me) the story about the other car and the guy and how I called it and how much money I saved on the car I bought. Because weirdly, a few weeks later (and even though it's an OLD car--I'm talkin' 22 YEARS OLD, it's shiny and looks new) and even though their car was in great condition, her parents bought a brand new car in the upper-mid range (though in a different brand). I believe that the timing of their purchase was partly because I had bought a "new" car and partly because of the big deal she had made about it and how much money I saved. However, she never made any comments about her parents making a good deal or anything--which if they knew that would probably burn their butts. My point is that even though things are not even even, people can STILL be competitive with others and waste a whole bunch of money in the process.
I approve of this message. Around 2008, I was driving a 1985 cavalier. I never bought expensive clothing, I wear Costco jeans and my old John Deer hat everywhere I go. Working in a very specific field, I was making around 100K / 150K a year. I also drove around an old GMC pick-up. People never knew how much I money I had. So they never bothered me about the subject. The thought of wasting money on appearance is absurd and unnecessary to me. And I know people around me, my friends, aren't around because of my money.
Been driving the same old truck for 19 years. Gold digger resistance level 10.
No wonder Ford pick up trucks are best selling vehicle in North America for last 50years
haha i don´t even have a car.....don´t need one. In fact i said no when i could have got a car for free
Same here.
I'm driving a brand new Mustang GT with the performance package. No problem with gold diggers.
I guess being old and ugly scares them off! Either that, or they only look for Lambos.
@@glowboyglow315 - Before Covid, because I found we were only driving our car about 6 times a MONTH, because I like to keep fit and walk, bike or (occasionally) take transit to stores, etc. most of the time. So to save money, I used to let my insurance expire and then park my car in October (just put storage ins. on it) and not renew my driving insurance (for 6 mos. only) until early May. I did this in Oct. of 2019. I just started insuring it for driving in June of this year. MAN, DID I SAVE A LOT OF MONEY! And got much fitter in the process. So, I'm with ya--at least in spirit!
I love it when debt rich people who think I'm poor talk down to me. Absolutely amuses the hell out of me. The biggest benefit in my opinion to looking poor is quickly figuring out the type of person you are dealing with. Good and kind, or bad and mean.
Based
I work for a liberal college district and was sent to the in house “leadership” class a few years back, showed up to the first few classes in overalls and a cowboy hat, this taught me very quickly who was worth my time and who was not in the head offices.
My grandfather used to go car shopping in his coveralls back in the 50s. One time he was at the dealership wanting to look at a new Oldsmobile. The sales guy talked down to him and tried to show him some of the used cars since he looked like he was probably broke. The guy didn't know he was able to pay cash for the car. Dad said it ticked him off and he went to the Ford dealer and bought a new Lincoln instead....
Underrated comment here! You can tell a lot about someone by how they treat others they deem "inferior"
@@chipwright6193 My good friends grandma had the same experience. She is a little old hispanic lady that doesn't look like she has a lot of money. She actually owns a large insurance company in my area and is loaded. She went to the Cadillac dealership because she wanted to test drive and purchase a new Escalade. The salesperson wouldn't even let her test drive it. She went down to the Lincoln dealership and bought a new Lincoln Navigator for over $100K. She drove her new Lincoln back to the Cadillac dealership and asked for the General Manager, told him what happened and what car she just bought. The GM made all of his salespeople stand in a line and told her to pick out which guy wouldn't let her drive it. She picked out the guy and the GM fired him on the spot.
Several years back I purchased a new Audi. The Audi dealership was next to the Porsche and Mercedes dealership. The salesperson that sold me the car was telling me a story about a guy who went to the Mercedes dealership dressed like a bum. No one would help him until finally the brand new kid that just started working there went to talk to him. The guy ended up buying a used McLaren SLR which was basically the Mercedes supercar at that time. The used McLaren had a sticker price of $460,000 and the guy bought that car plus 2 more basic model Mercedes for family members. The new guy working there made over $30K off the deal.
As the meme goes: Wealthy is Quiet, Rich is Loud, and Broke is Flashy
Mayweather walks in the comment.
A blackboard? Too funny....the poor version of the white board. Great advice and reminder...im gonna stick to this and the shuddarp principle...keep the mouth shut keep the fb posts about food!
As the saying goes?🤔
Its what rich Japanese have been doing for decades, Toyota crown
❤❤❤❤❤❤❤❤❤❤❤
I'm a multi-millionaire who has zero debt and two homes but I have a camper parked in Florida that I call my winter escape pod (I did not want the hassle of owninga 3rd home especially in FL). I went out with a hot girl in Boca Florida (Maggie, 52, beware gents), the night before we were to consumate the relationship, I made the mistake of telling her I lived in a camper in Okeechobee, FL and all of a sudden, she didn't feel quite the same way about me. I learned that a camper is the best gold digger repellent ever invented. Lesson, tell her you live in a camper after you've consumated the relationship 😅😅😅
Lol i picked up my wife on our second date in the most busted ass ram 250 diesel and she didnt bat an eye 😂 i still get a kick out of messing with her about being a "gold digger"😂😂😂😂
@@SolarTechFL😂😂😂
🤣
@@SolarTechFL That would make her a lead ore digger.
She's still going to leave you when she finds out that you live in a camper, before or after you do her it doesn't matter.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Right, the role of adisors an only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning "return on investment" makes me more happy. (But I still enjoy working)
Spot on. The market presents different. opportunities to create passive Income, with the right skill and proper understanding you're good to go.
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 180k to over 354k.
How were you able to make that much?
Seems like I'm not lucky enough.
If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor Mary Callahan Erdoes Services.
My dad taught me to never flaunt what you have. I’m glad I listened to him. Best advice ever. I love and miss my dad ❤.
I was thinking the same thing. My dad definitely taught me thrift and not driving a nice casr into places (and raise the price), dressing down, etc. People judge. I have a rock solid 25 year old car and can tell people think I'm struggling, I just put value on reliability, nothing else. Expensive cars (which I've had) are loaded with issues, most requiring the stealership. I do all my own work.
The best times are when friends are struggling with bills and a new crisis arrives. To be able to covertly walk into a doctor's office or vet and pay off the bill without ever letting the friend know is so rewarding...especially when they tell you what happened and you say nothing!
I’m going to covertly pay for my elderly neighbors next electric bill. Her husband has been having some health issues and they’re struggling. I like to give without them knowing. 😊
It says in the bible you are not suppose to boast about it or virtue signaling.
@@davehughesfarm7983 I agree but I can't imagine the bible using "virtue signalling" in it's text?
@@rod_at_adelaide5766 He wasn't directly quoting the Bible.
@@rod_at_adelaide5766 It dont say them word but is exactly what it means.
I LOVE number five. There's nothing more valuable than being content. You can actually be poor and be content.
Some of the happiest people I've known grew up in poverty, but they didn't know they were poor because of the love shared between family members.
That happiness changes when calamity like an illness strikes. I have seen it 😮
I lived in Costa Rica for about 8 years and those are some of the most content people I've ever met. They know they're broke, they know they can't afford a lot of things, they know their government is corrupt, they know that CR is the most expensive country in Central and South America, yet they can make fun of their situation and enjoy themselves. This is why they say and use Pura Vide (Pure Life) for many things.
@@MrMath2001 Not in my experience.
Millions of working class people always have 'calamity' stalking them - or, at least - the way that most of the better off people around them define that word.
Life isn't about what happens to you - it's about how you respond.
@@chriscoughlin9289 working class people aren't poor.
I did a trip across South America and went to most of the countries like Peru, Chile, Bolivia, Argentina, Paraguay and Brazil. I'm a photographer and one of my main goals on the trip was to take amazing photographs. My camera, lenses was about 8k. I ditched my camera bag, went to the local mini market and bought some snacks and got a plastic bag and I just put my camera in the bag and had an extra lens in my pocket. I walked through the city and look around quickly take my photos. I saw some hooligans and they didn't pay any attention to me.
You should have gone to Uruguay 🇺🇾
I inherited $2 million a couple of years ago. Unfortunately, I told people and everyone wanted a piece. My husband and I paid cash for a house and I bought $1,000 clothes at Macys. I kept my 14 year old Honda. We suddenly had more friends. Go figure. I wish I never told anyone.
Never tell anyone about your financial business.
@@elizabethmadron1336 I can’t agree more. It was a moment of weakness.
@@elizabethmadron1336 and not only, if you feel you need to gift friends or cousins, uncles, aunts some funds try and do it anonymously via a lawyer.
Bizarre to me that people would think they are entitled to your money. If my best friend won 100 mill It wouldn’t occur to me to ask him for a penny.
@@ResearchNational: My friend Michael asked for $50,000 to start his dog walking business. Haha!!
Gary, my friend of 20 years wanted me to buy him either a gas station or a bed and breakfast inn. My co author asked me for $10,000 to start his You Tube Channel.
I said “ no” to all of these insane requests. Those people told me exactly what they thought of me and disappeared. It hurt for a long time. It was my fault to say anything.
My dad taught us this lesson since we were kids, he’d drive around in an older beat up truck and would dress blue collar, nobody would guess that he owned multiple rental properties. He’s since gone home to Heaven but none of us, his children, live fancy or drive expensive cars. My children and nieces and nephews aren’t even aware of the legacy they stand to inherit 🙏
I hope you are preparing them for that legacy, even if it's a secret. Most wealth doesn't last 3 generations because most parents, even wealthy ones, don't *teach* their heirs before handing them more than they should ever need.
@@xaldath4265 yes, excellent point, they each have their very own college fund, to which they contribute a portion and I match it 10:1, that gives them incentive to put in a little more than they would choose to
Blessings 🙏
Hi uncle 😂😂😂👍
@@robinhood5499 I knew there was a long lost nephew out there! 🥹😂🤣
So, you plan on passing on the wealth or use it only for illnesses? No fancy cars, no lavish bungalow, etc. It only takes 1 bad generation to spend it all. Say, your great great great grandson spent it all.
#4 in general you want to be modest about your accomplishments. Jordan Peterson said something like "be careful who you share good news with". Only a true friend can handle good news, most people cannot.
So true!!!!
Why can't family just be proud n happy for one?
@@Petesworkshop2225 I can't say I fully understand the "why" either. But I do know this to be true, in general.
@@castirondudeI’m only replying to this because something happened to me recently that was similar. I recently was hired for a new job and I live close to the workplace. I’m considering different routes to ride my bicycle to and from work, so I called a “friend” who’s knowledgeable on local trails and access points. He was receptive to the initial question but in the course of the conversation became sour, and negative. I’m a notorious ball-breaker so I did all I could to get him to laugh and lighten up. (New job is in sales btw) Was not effective so I ended the call. Two weeks later he sees my wife in a coffee shop, and asks her if I’m “ok” and says I was strange on the phone, while making the crazy hand spinning finger next to his head etc. My wife comes home angry at me that I’ve told someone my business. That was an easy one to solve at home in my marriage but I’ll never talk to that son-of-a-bitch again. Close friends are truly the only ones you can share with and even then share sparingly. Maybe one or two friends over a lifetime you can let all the way in. Guard those people with your life. Marry one if you must but talk to a lawyer and accountant with all parties present before you do.
I take public transit and it's saving me tons of money, on track to retire at 52
Best comment yet, good on you.
Sunrail, here in Florida, has made my wife's commute to work 8 miles round-trip vs 74. Huge savings on keeping the miles down on the vehicle and less time in traffic to avoid accidents and stress on her.
Then you get hit by a car (heaven forbid) and realize you took a big gamble putting off enjoyment for more money when you're old. If it's convenient then sure but in most places public transit sucks.
He said try and look poor, not actually be poor.
Keeping a low profile by staying off social media is a must. People want you to be successful but not as successful as they are. Money really brings out the best and worst of people and the jealousy (green-eyed monsters) will be out in full force.
Green eyed monsters are your best friends and family . Like that guy who one big lottery his two ex wives and 2 of his siblings tried to murder him now he lives like a homeless person in a shack in a junkyard so nobody can find him
I totally agree. You flash it and better get ready for those who catch the glimmer to come after you!
My mom’s aunt owned blocks of houses in San Diego. Gave second hand gifts, if any, and dressed very modest. Kept all original furniture when she got married and never showed any wealth. We all knew she had it but never asked for any.
She also taught me to treat your workers like family so they respect you and won’t steal or bad mouth you!
Truck driver. Always have a t shirt and gym shorts on when home. Neighbors have no idea I own 3 condos in our community. Not even the renters in 2 of them. Just makes things easier. 👍🏻
Thats nice good job :D sad that truck drivers dont make much money anymore
@@Infernal_Elf There are subsets of truck drivers (mostly owner-ops) who make bank, even with the rises in insurance, repairs and diesel costs. One canadian driver i met does massively long hauls across the US, had a condo in Canada and a house in Florida. His Peter-built was paid for in cash.
@@dbased1915 There's money to be made still but, not many guys who drive a truck for a living make it to that point of paying for Peterbilts in cash. That requires a rare level of hard work, business savvy and financial responsibility...most guys who drive a truck for a living are just employees making a paycheck for a reason. They don't have what it takes to get to the "big bucks and fancy trucks" level.
$200k/yr, nearly $1m net worth, and I drive a 25 yr old pickup everywhere. Nobody messes with it or with me. I just blend in. Its nice.
do you think making an average amount of money makes you wealthy or something? you blend in because you are in the same boat of alot of people.. yeah, some people are poor so they make less than you & you are different from them but you aren't wealthy with 200k annually.
wealth comes from within..
also how are u getting that net worth?
i make around the same, maybe a bit more. i grew up poor, but i still wouldnt consider myself anything more than like.. average at best.
you have to make 200+ to live in the usa nowadays.
i cant even afford a new house right now, and we're supposed to be "rich"?
@@FrankSmith-g5e Your outlook is very interesting. While you may require that much to live in the US, Me and my wife make a combined 40-45k a year and are comfortable.
We have almost no debt and still take a vacation or two a year. It's a simple life. If I made 200k a year I don't know what I'd do with the rest.
@@FrankSmith-g5e I live from 12k a year (as a single household) and I am from Germany where living expenses are significantly higher and I am still happy with it. Not much more I could ask for. I always say "needing less is having more". Also holding this standard allows me to skyrocket my wealth and at the same time buy as much time from it as possible (which is the most valuable resource in my opinion). So don't tell me you NEED to make 200k+ to live in the US. Its what you tell yourself, but not the truth.
and you seem to be interested in bikes as well,
here is a fun story,
I won't talk about income and stuff but I can afford a good car easily, instead, I buy more bikes , even expensive ones and the best part is how clueless people are, you can ride a $15-30+k bike, slap a rear bag or backpack and most people would think you're just a food delivery guy, and every time I be honest with someone and tells him a bike's price, he just tells me why don't you buy a car and that he'd buy something like a dodge charger with that money because it's like a symbol of status.
they're usually the same people who earn like $500-$1000 a month and buy a brand new $1300 iphone every year.
@@FrankSmith-g5e come to some developing counties and you'd be a king making something as low as $20,000 a year,
in some of these countries, you pay zero taxes so all of your income is yours,
however, real estate prices are still high, and yes, if you want a small decent house you'd need at least $200,000 nowdays, which more than %95 of the population can't afford
1000% AGREE..This has been my lifelong philosophy. Looking like the "average joe" puts you on a equality level with most people..Flaunting wealth only brings jealousy, contempt, and opens you up to theft from others..People seem to think flaunting wealth will bring them notoriety, but it has the opposite effect..Instead of trying to be the upper crust high society, one should aspire to be the average joe..Drawing attention to yourself has adverse effects
@@cantankerouschris4596
I have a friend who a few years ago paid $85,000 for a Cadillac Escalade.
She asked me a few months later, “do I look pretentious driving this ? Because people keep giving me that look of contempt”. And I said “honestly ? Yes , yes you do. Lol”
I would say your wrong. I came from nothing and lived in my truck for 7 months. I now have 2 kids and a special life because I build it. I work hard physically but I make great money so why shouldn't you expire to make amazing money that can add to your life.
Lazy people are fine with being average or less. Leaders are naturally gravitated towards success! Just because we work our asses off and make cake it doesn't give any one the right to take away or say you should be average!
You be average and average minded and that's all you'll be, all good to me either way. I gave up trying to help average Joe s. Average realy wants average.
All attention is negative attention when your wealthy. Stay low key is the safest way to be.
@@avibaner4960 Perhaps you are missing the point..Key word is "APPERANCE"...when you present yourself as being "better than" or "wealthier than' You will only draw negative attention from others..Nobody will look at you and say "what a grand person" Appearing to be average doesn't mean you ARE average
I knew of a Billionaire who passed away some time ago.He drove a 1997 Toyota Celica.He and his family could have anything yet he taught them all to be frugal and drive normal cars.He imported and distributed Toyotas and Lexus to all the southern states.He grew up poor And never felt the need to look wealthy once he could afford it.
I grew up with parents that were financially illiterate. The moment I got my own job I was never broke. I never buy what I don't need and I never cared about keeping up with other people. The more I make, the more I save, and the less I want.
However, with certain things I do believe in buy once cry once. No sense in being cheap and having to pay more in the long run.
Or another way of putting it is"Do It Once, Di It Right".
In the Caribbean, there's a saying; tralslated from Spanish, it's "It's expensive to do it cheaply."
You didnt mention this but I think one of the good reasons to have kids is that after you have kids, the type of cars you drive and type of shoes you wear... really matters a whole lot less.
Before kids, I was spending so much time and money on looking good and trying to let everyone know how well I was doing. Now with 2 kids, I honestly don't give a damn about any of that.
Enjoyed the video. People do treat you differently especially family. One thing I would add to this list is keep your mouth shut should you receive an unexpected inheritance as I did. When my father passed away I inherited a substantial six figure stock portfolio that I was completely unaware existed My then girlfriend, now my wife, believe it or not, was calling her friends and some family members telling them about my inheritance. By the time I found out about her running her mouth the damage had been done. Everybody was asking for money and expected me to give it to them. Made a lot of enemies fast. I won't bore you with the rest of the details. Keep your financial matters to yourself.
I totally believe you. My husband and I just moved into a bigger house and instantly people changed. I cannot even describe the look you get. I just know that we were expected to pay all dinner bills, etc.
I hoped you divorced her.
I wholesome agree with what you say.
@@Dee-O Oof. Reread his comment.
I am your enemy now my friend. You gots to give me at least $1,000
I need it. If not im going to have to wipe my asz with leaves and eat mud to survive 😢
I remember having dinner with a couple of wealthy friends. They asked me where I was staying and I said, being slightly embarrassed. They were both like, I don't stay anywhere else, I've booked in next week at one. It's not what you get, it's what you keep.
Budget hotels have horrible beds, cheap microfiber sheets, broken fixtures, loud A/C and are filthy. So glad to be done with them.
I worked for a wealthy family and encounered the family matriarch on the street as I came out the door of the barber college ($1.50 haircuts--all my brothers in my big family went there since childhood.) At work the next day I was complimented for being so sensible and thrifty. She told me the reason she was in that neighborhood was that she always went to the women's hairdressing school next door (part of the same barber school business!)
@@carollyntnot cheap… budget. There’s a difference
@@carollynt You're talking about those places where the front office reeks of curry and have unwed mothers with cigarettes dangling from their mouths hanging around outside.
I read "the millionaire next door" decades ago. Many good nuggets for success. Stay married, live in a modest home, pay cash, buy used, hyper invest.
“Don’t get married.” There. Fixed it lol. Can’t force her to not leave and take half your shit
I'm retired at 38 off these concepts. Local library is overlooked. Endless hours of free entertainment from DVDs, audiobooks, real books. I've no streaming services and no desire for them at all.
Really it's about understanding marginal utility. Most of the time, a free or nearly-free option is quite close to as good as a very expensive option. The difference between a Chevy cavalier and a rolls Royce is huge until you start really thinking about how much happiness you would actually achieve by spending the 400k or whatever vs having your time back, investing that money, and looking like a college student.
@@austinatomTV haha. I went overseas for a wife. She's awesome. 28 years married. Never marry a western chick. I'll give you that.
@@kw6713a I'm 15 years ahead of you. My monthly investment income far exceeds my monthly bills at this point. I'm still working as my career has just been amazing. I want to keep the ride going for as long as I can. Ballin and shot callin. 😎
I can buy Lexus but drive a Toyota instead. I can shop at Nordstrom but shop at Goodwill. I can own a bigger house but live in a modest home. I am content 😊
Max Brooks, son of Mel Brooks, related how his father would drive him to school in a minivan. He knew that his parents had much nicer cars, so he asked his dad "why the minivan"? His dad replied, "It's one thing to have money. It's another thing to rub people's noses in it."
I'm a truck driver that's always saved my money. My wife doesn't have to work and we have kids. I have a 2002 impala and a 2006 gmc canyon and I bought a 150k house. I just tore everything in my knee and calculated how long I can go without working. I can go 7 1/2 years without working before I go broke. I am 34 and have only made trucking money for 6 years. This is a quite comfortable calculation too I could probably stretch that out. I've always shopped for clothes at Walmart and I have no issue looking average. I have more cash than my sister who makes around 300k with her husband
You left out the most obvious one - CRIME.
If you are low profile you will be less likely to be a victim of crime
Gold diggers = crime, got it?
Yup.
Yeah, the first one that came to my mind was kidnappers.
1. Lawyers and snoots. Not all crime is kidnapping and robbery. A lot of them would be people trying to sue you for anything and everything just to see what they can grab out of you. And that's why ...the lawyers..
I have a friend who is fairly successful and has a passion for expensive foreign luxury cars. He's from a working class family and his brother and sister in law seem to often get themselves in trouble financially.
He complained to me his folks were always pressuring him to bail out his brother when he got himself far in the red.
I told him he should buy a plain Jane 5 year old car and complain about bills and taxes every time he saw his family instead of flaunting his wealth, but he just gave me a blank stare like he didn't see the connection!
God has blessed me with so much & I'm happy. No longer worried about fashion trends etc. I have enough..I just enjoy my blessings & thank God daily for the life he's given me. Gratitude & appreciation is the key to peace.
I'm with you. But , I may not thank God often enough. I find myself doing it more as I get older. By the grace of God I'm alive and breathing . I am happy with what I have and live modestly. I don't want to struggle when I retire -God willing.😊
Best reply IMHO
god has nothing to do with it
@@astridmiller7938 maybe in your world but not in mine..full stop
Less stuff to ‘look after’ is pure luxery 💪
My brother in law through a $250K inheritance years ago (he never spent a dime of it), serious frugality, and basically a very simple lifestyle accumulated a million dollars in cash. He drives an old mini pickup and still works even though he could retire. I can't help but laugh seeing him in that old pickup putting along to work while the high end vehicles pass him by. He's got a million in cash and is a happy, friendly, non-judgmental person everyone likes.
Sam Walton used to putter around Bentonville in an old pickup truck 😅
@@KevSm-li8yy Yeah, forgot about that! His folksy persona made him popular. His PR appearances at Walmarts would draw a crowd.
Hope he has it in multiple banks
I’m not extremely wealthy (in the lower 12%) but I’m very content. Starting from nothing and being where I’m at is such a blessing.
Whole heartedly agree. My wife and I haven’t made a ton of money but have 1 beautiful child, some money in the bank and are able to do a few things. Not at retirement yet but hopefully in about 5-6
Don’t give up! Keep striving! 😊
Be yourself . Gratitude is lifes greatest reward.
I'm surprised at unhappy wealthy people. Unfortuanate they aren't grateful.
@@operasinger2126 Once large land owners In the UK , and Ireland with bad marriages , stupidity, watched it all appear.
The poor stay poor by looking rich. The rich stay rich by looking poor.
no.
@@MrTimeless101😊
@@MrTimeless101Its True.
I'd rather _be_ wealthy rather than merely _appearing_ rich.
I don’t need to look rich, I just want to look well groomed fit and fashionable. Could be from a thrift store
I had a girlfriend years ago who took me to meet her grandparents. They lived in a modest basement rancher in a rural area and had furniture that looked like it was from the 70’s. Their home was clean and well-maintained, but almost all of their stuff was old and inexpensive. She took me to their garage and showed me two new vehicles - a Ford and a Toyota. She told me that the land the NASCAR track in their area sat on had belonged to them, and that they were millionaires after the sale. But all they wanted after getting all that money was a couple of new cars. Other than that, they had no use for the money. They were content with the lifestyle they’d always had. They invested the bulk of the money for their children and grandchildren to have something nice later on. I’m sure my ex-girlfriend’s dad inherited a small fortune when they passed on. Maybe my ex did too. It always impressed me how little the money meant to those old people. It made me want to be the same way.
People will judge you if you're rich, poor or anything in between. That's just how people are. One of the keys to peace in life is to stop worrying so much about what other people think. I'm still working on this one.
I once bought a brand new car and my apartment manager started giving me eviction threats for not paying fines for not registering a new car with the complex. His first statement to me was “You can afford a new car, why can’t you just pay your fine.” There was absolutely nothing in our lease that said we had to register our cars. He next proceeded to claim we needed to prove to him we didn’t have three cars because the lease limited us to two cars. About four months later the dealership gave us a very high trim level loaner car while the new car was in the shop and the fines started again.
i have a big house and 5 cars fck apartments
He was high voltage jealous.
Jealousy is a terrible thing
They see you have a little more for yourself to raise your rent.
@@williamschubert3929 yup, the boomer will take you for all you have. Then blame you for not affording a home. We found a cheaper better managed apartment to save for a house. This guy would have taken us for $3k a month. My lawyer actually got his managment company to end their contract with him.
I met a beautiful married woman with children in the Philippines who told me that before she was married, an older rich foreigner offered to marry her and take her away to a lavish lifestyle. She refused. She then told me that she wasn't rich in money, but was rich in family and love. My respect meter went off the charts.
Wow these ladies are hard to find
Lmao and you believed her 😂😂😂
Lol, every Filipina has that story. Kinda sweet that ur naive enough to believe it. It's a similar story Samoan guys tell girls, that they're the chief of their village back home...
The classic I am not like that 🤔
Good points. I’ve found that by not giving a F what people think has been good for my soul.
Only care about people who really live and care about you then you'll have peace of mind . Peace of mind is something money can never buy you . People who are always out to impress or have issues with you being more better off than they are are not friends
My wife and I are banking 222k a year. She’s drives a 2012 Camry hybrid. I drive a 2018 Civic Sport. We live in a 60 year old house with no central air. Our only debt is a $1310 monthly mortgage payment. We are socking it away for retirement and our son’s education.
Speaking as a senior software engineer... college degrees will cost more than what they will provide the individual. Save that money so he can retire early instead of losing that money for a piece of paper which won't pay for itself.... very few careers actually need a college degree.
Just look at the job positions today and you'll see the vast majority of them say "Bachelors degree OR equivalent work experience"... the work experience is why someone is hired.
buy a bitcoin for your son, keep it in cold storage :)
I tried to look rich in my youth. I realized it attracts the wrong element. Now I look dirt poor and everyone ignores me. It simplifies life. You don't have to guess about people as they pretty much tell you who they are by how they treat you. It's the greatest disguise.
Videos, such as this, always make me smile. First, if buying a Rolls Royce causes financial stress, you're not wealthy.
"Flaunting wealth" is a subjective description. It's absolutely true that private jets (and fancy cars etc) don't bring happiness. That's a separate discussion. However, a private jet does typically cut four hours off a journey time, avoids queues and airport drama, and avoids tolerating other travellers. This brings peace and relaxation; as does a Rolls Royce, in many respects (particularly from the rear seat). Are these things "flaunting wealth" or are they "enjoying wealth"?
To me, 'flaunting' requires one to ensure others notice something, by unnecessary actions. I don't consider personal pleasure, comfort, and peace, to be excessive benefits of success. They are the point of it, to a large extent.
Here here
My wife and I have 10 properties here in California and are looking for our 11th cash purchase so I guess we are millionaires on paper, but you would never know it by looking at me. My typical attire is a T-shirt and dirty jeans. I may shave about once every 3 months, but only after my wife complains, and my daily driver is a 33-year-old pickup. The homeless look is where my comfort zone is.
And do you shower at the same frequency you shave? Toby should give you an award . . . for following his advice to the letter.
Why dirty jeans? Do you not have a washing machine?
🧢
Why would anyone have rental properties in CA where the Democrats have given all the rights to tenants?
10 properties in California definitely makes you a millionaire. If those properties are in the Bay Area, then you’re mega rich.
I look poor. I am poor..People still think I have money...🤔🤔🤔 ( I am rich in peace, Abundance and blessings...)
Good health is the best wealth anyone can have
Modesty and humility are great traits if you want to avoid unnecessary drama and headaches.
In the past, three friends found out about my financial situation. It changed them very much. I was still the same person, I didn’t behave any differently, but my money made them uneasy.
So true. They instantly change.
Those are no friends. Their uneasiness comes from jealousy. If you have known someone for a number of years your financial situation should make no difference. 😊
Well, you need authentic friends like me.
Good advice. One difficulty is that many people will mistake Thrift for Poverty. That if you don't have all the extravagant stuff, it must be because you can't. And if you *look* Poor, they feel that gives them license to treat you Poorly. (They're wrong, but nevertheless. It's not fair, It's not right. It does happen.)
Who cares what women think
@@NateB I actually didn't specify women. That's your invention. And it's less about what people think and more about how they act towards others based on their often inaccurate observations..
I like it, it tells me who they are
@@FlashDriveFilmsdon’t feed the trolls 🧌
I don't let anyone treat me poorly, thats a matter of self respect not wealth. @FlashDriveFilms
3:51 "Gold Diggers" is why Lottery Winners shouldn't be forced to go public. The $2B winner in CA has all of his mansion purchases on news articles.
That is why you shouldn't put your poor as5 in it, or you will be walking naked in the street one day when the vultures has taken all.
"My best time is when I lost everything" (with lisp)
-Mike Tyson
Then he was given very poor advice. Nobody in their right mind would personally purchase any high end real estate or other items. You set up holding companies, limited partnerships, trusts, etc etc and if you MUST play “Hip hop mogul” you lease those items from those entities.
@@HBSuccessHip-hop mogul, Lol... A sign of intelligence and good breeding😂
The argument for going public is to ensure there’s no fraud. Otherwise all the people working for the lottery could take turns winning it
@@DewTime then why is it different in every State? People can easily find the address of people who win.
Everything is this video is true!! I was having a conversation with a friend a couple weeks ago about how it's good to blend in and not look like you've got a lot of money because it attracts the wrong type of attention. When I drive a certain car with a higher value, I get certain questions asked and attention. When I drive a car with less value and it's just a basic car, I get no attention and I'm good with jist blending in. I still enjoy the things I've worked for but I'm just more conscious now. Good video!
I used to work at a BMW dealership... it was the people who looked like they had money that bs'd, and haggled and gnawed our bones on credit terms. The farmers- in dirty flannels and ripped jeans would come in an old pickup, pick out a car and pull out a check book... like "I don't have time for all that bs."
A few years ago I bought an older used Mercedes car. I liked it because its one of the few options for a diesel engine in the US (which gets excellent fuel economy) and the particular model had a very good reputation for reliability. Only paid $7000 for it so it was by no means an "expensive car". It was a great car, but there was a never ending deluge of comments and "looks" from people implying that I must be "rich" because I drove a Mercedes. Normally I dont care much what people think, but even my friends treated me differently. I ended up selling it a year later because I just couldnt deal with the stigma anymore. I miss driving the car, but the way people treated me once they saw the car was awful. Nobody treats you different when you drive a Toyota.
If you're friends are poor then they will treat you differently for driving a Mercedes. Middle class and upper class would never think a Mercedes meant wealthy.
@@NTJedi so you are saying I should not associate with the poors?
@@AdministrativeReload he kinda has a point tho. Sometimes you have to drop certain people in your life. I'm not rich either, but I love cars and all I drive are used trucks. I had an old friend that wouldn't shut up about my used Cadillac. I paid $5,300 for it and the owner kept it in the garage so it was in pristine condition. My friend was super weird and ranting how rich people are evil and what not. Everywhere I went in it people would assume I'm rich. Even in rich area around town I gained more respect by driving it. Non car people just looks at the badge and think money. Toyota is a non lux brand even though wealthy people drives their cars. Drive an old BMW that you picked up on Craigslist and immediately everyone thinks you're a rich douche.
@@bamafencer12 to be fair, I have never met a BMW driver that wasnt a douche.
@@AdministrativeReload lol
I have a friend in US, former chipdesigner, net worth 3-5m, lives in a average house in a nice, clean and maintained neighbourhood, drives a Japanese car, looking like average, his two daugters didnt need a dime of debt to finance their PHD or the University degree. He has implemented these five rules, since he migrated in 1990 to US. With 55 he got a exit package from his employer and retired. He enjoys life, be doing things, he likes, like sailing, travelling and trading stock options with a small part of his wealth to cover day to day living expenses.
Glad I’m humble.
Money don’t buy happiness.
My two sons won’t struggle thanks to my sacrifices.
Stock options and making $ 🤣. Like saying we get our excess spending money from slot machines!
What was he, a computer engineer?
@@RobertDean-x5e money don’t buy happiness, but your sons won’t struggle because of your money…. Make it make sense 😂 if they are not as successful as you are, they will spend it and all your sacrifice was in vain unless they can exponentially growth what you are giving them.
I agree. Having enough is really important. Counting your blessings and just be "normal" Growing up some of the richest people we knew looked./.... "poor". They drove older vehicles, but they were really nice!. They had noice homes, but didn't put on the dog. They did anything they wanted, but didn't brag about it. They wore regular clothes. It provided theym a lot of freedom to be themselves.
That's a very Scandinavian thing especially with Swedes . I came across research data " How Important Is Wealth " and it listed countries where having wealth and flashing it was important and Sweden as at the bottom they don't care how rich or poor you are just be nice good person but Ukrainian and Russian were top on the list . However the list only included 30 countries all from Europe not the entire world. If it included every country ,Middle Eastern countries would be top . I know so many from Middle East they have to show off their success especially if the wife makes money at her job .
#1 reason for hiding wealth is for your kids sake. Kids that grow up rich have a sense of insurmountable pressure to be like their parents. Workaholics. Long hours at the law office always taking in new clients. Salesmen chasing every lead. Too much. Sacrifice some wealth to hang out with your kids. They rather spend time doing a free activity like playing basketball than going to another sporting event where all the attention is on the players.
Before heading to work on my investment property, I would go to a car meet early, dressed in painting clothes. I’d arrive before most people and try to engage with the high-end car owners. Many of them seemed arrogant at first, but before leaving, I would stand next to my Lamborghini Huracan. It was amusing to see how quickly their demeanor changed 😂
I got looking poor down. LOL
I can even look PO, like I got the last OR on lay away.
"He is rich who knows he has enough." ~Lao Tzu
Haha!
If you care about what other people think, you are not wealthy. I will buy whatever I want and drive whatever car I want. As you become more wealthy, you have to change your peer group so you avoid these problems. People who are envious of your success are not your friends. There is no shame in being successful so move on if people are dragging you down. Fly private if you want or buy a Ferrari but don't post it on social media. Stay humble and grounded but enjoy your life.
A lot of wealthy people care about what other people think, for most it is human nature.
@@dmulkey4185 I agree but you are not free until you truly don't care. Haters gonna hate, hate, hate, hate, hate, hate - Taylor Swift ( my daughter made me listen - LOL )
Wise words 🙌
I knew a gemstone cutter/dealer who would travel Greyhound Bus in a crummy great coat with many hidden pockets to and from gem shows. He said if he traveled by jet with a case, he would attract attention carrying hundreds of thousands in cash and jewels. The guy never owned a car and lived on a crummy little house in a nice small town.
I’m probably the only doctor (retired) in tge state of Arkansas (and maybe surrounding states) who drives an unrestored antique beater truck as my only 4 wheeled transportation. ‘93 Dodge Ram. Reliable. Saves money! Don’t care that I drive a beater!
Rich and still driving my 1995 Dodge Ram 2500 diesel truck that I bought in 1999 when I was poor. A new truck would be a waste of money and all the hassles of paying for comp/collision insurance and worries about it getting door dings. 😂
You are so right. I learned the hard way that things won't make me happy. Being modest with cash in the bank and zero debt is great.
I met a man in Montana whose family started the town turned city. His name was everywhere and they (he) owned thousands of acres of land and properties around the city. When I met him he was dressed like a farm hand in coveralls and was working on one of his properties. His truck was a 1950's Chevy pickup. You would never have guessed who he was.
Peter Yegen Jr., Billings Montana.
My uppity neighbor bought an '87 wrangler. I gotta up my game.
I mostly do it to not become a target, especially when traveling.
All of the things, in the video said, are so true. Even if you are not a billionaire and you cannot afford a 10.000 Dollars a night you can experience all of these things. Thank you.
Really liked this video. I'm retired and while I will never be the richest guy in the graveyard, I too have what a lot of people don't have - enough.
I read that being wealthy is living below your means. Living hand to mouth will make you unhappy but having more money thank you need will not make you proportionally happier.
Finally, any idiot can make money but the trick is to keep it and as you so beautifully presented it, the way to do that is to stay under the radar. Look poor!
I’m grateful after everything I have after I went through.. I see that I’m better off than most in this world.. I give away things freely to those in need.. I always cash tip a ridiculously large amount to workers who will accept it.. I give hot meals to hobos.. a wealthy ex couldn’t stand it and said I’m in no place to help others.
I know I can’t fix the world just by being generous but I can’t just pretend and not share with people. If I won that much money, I’d buy modest homes for my children, surprise people who helped me in the past with big gifts, donate to my community, St. Jude, Shelters, National Parks.. that would be a dream come true.
This has been the best explanation of this so far. Avoid using money to buy status or impress people.
This guy is right. I practice this life style. It works.
The newest vehicle I own is a 02 dodge.....I make 20-30k a month....its amazing how people look down on you for not driving flashy stuff lol
I loved that "I have ENOUGH." That's awesome. You don't have to be rich to have ENOUGH.
#5 is the true source of contentment. It was one of the most difficult transitions I went through, and it required a lot of soul searching; thankfully I made it to the other side of that wall.
Having said that I enjoy driving my truck, but I also enjoy driving my Rolls. Life is complicated and there is no one formula for different people, or the same person on different days.
Nice video, well worth the watch.
One thing the military taught me was to keep a low profile. It was an attorney that told me that. Keep your head down your mouth shut and don’t volunteer any information.
I live in Downey calfornia and I am the only person who reads books. I go to Portos bakery and purchase coffee and read my books. I am happy. So much flash and gold diggers don’t like a perosn who reads and dresses poor. It’s priceless. Frank
I think I seen you at Portos brother
At first I read “Downeyville,” California, the tiny town in the Sierras. LOL
Perhaps others read at home
Hide in plain sight.But don’t leave “bread crumbs” back to the fortress
Grew up there
Having wealth is like Order 66: you're the Jedi and everyone's always after you
I inherited some money but never told anyone how much. My ex boyfriend told all his friends and family. His brother hit me up for mortgage money. I told him no, go get a job. My ex’s friend hit me up for tax money on a property and I told him to let the bank take it.
All of these are spot on but man, I can attest to #4 ... I never had really great friends, mostly just a group of guys married to my wifes friends but as soon as they realized I had more money than they did... They basically now have a reason to dislike you. Envy !!!
I'm so poor, I can't even spend the night.
I can't pay attention.
I am poor. I was at the gas station. A guy begged money from everybody except me. My clothes and car were a dead giveaway.
And yet you'd probably be the first one to give him a five if he really needed it! No one is ever really poor if they have something to give, I think
Classic, I can one up you. Was and still am a specialist building contractor. Had a rough tough old van and found a flyer on the windscreen offering to take my van for free for scrap metal. All my guy’s thought it was hilarious. In saying that, the inside is decked out like a boutique carpenters dream.
You just gave me an idea! While I have plenty of money, I should look at least as poor, or worse, so even a bum might give me handouts! 😅
I have relatives who worship money and keep up with the joneses and look down on people for not having the latest new thing, including me because I'm a minimalist. I'm grateful to God I do not have that mindset. Come to find out they take out bad debt to keep up this lifestyle or they're very bad with their finances. Their insecurities are so bad that they're willing to put themselves in a financial hole in fear that people will treat them the same way they treat others.
Based blessed Christian take.
I remember being 26 and having nothing.I am trying hard at 66 to return to that status…
@stanbarrington
60 now, financially comfortable. I wish I could find the happiness of my broke 20 year old self.
This is a so insanely good mindset to have. it is very difficult for most people to think like that, since most people make the wrong decisions in life, namely spending all their money on an overpriced car and home, and furniture. get stressed, by working hard all the time to show others you are successful, so as not to be looked down upon, or feel that way
@@stanbarrington I'm spending my kids inheritance.
All the old money people i ever knew lived in modest homes, wore classic styles that were 20 years old and did not go on expensive vacations or flashy cars.
Awesome Vid! This is exactly how I want to be, I’m an up and coming builder.. but I have my #1 client and he’s a billionaire! I crap you not, in assets, this dudes a certified billionaire.. owns HUNDREDS and Hundreds of apartment buildings. And he where’s like Costco shorts and Tshirts and drives a Honda Fit. no jewelry, no watch.. but spends in other ways.. this man has a warehouse, where he has a full time staff employed, building Porsches for him to race. And this is his hobby. lol it took me many years to truly discern what levels of wealth are.
Lucky for me I like the 80s look everything 80s even the furniture 😂😂😂 The cars the clothes the music.
Yes, drive around in mid/late 80's Mercedes Benz 560 SEL and no one will bother you.
@@erikhesler1698 the most beautiful car ever made.
The '80s were amazing.
Z28 IRock, rocking to Ratt, Tesla, Iron Maiden, Judas Priest, Van Halen & Motley Crue
Watched an interesting commentary from a UK lottery financial advisor. He said that if you know you have the winning ticket, the first thing you should do, even before upu claim the winnings is clear ALL your debts. Retail store credit, car loan credit, personal debts, fines, etc etc. because if those organisations figure out about your newfound prosperity, they immediately begin scouring the small print in all those contracts and up thw ante on any overlooked fees.
On a closing note, just want to repeat one of my Dad's pearls of wisdom: the people that swank around ostentatious shows of prosperity, either are broke, or soon will be, whilst the people show more humility and modesty with their financial position, are richer than you could imagine and always will be.
Well, im surprised that you even need an advisors advice for such elementary thing! For me its kind of common sense- first pay your debts, but better - don't make any to begin with!!
@@BaibaVulgaris wow! I'm amazed that with your superior intellect you bother commenting on RUclips at all!!
@@robbos8486 just had some free time on my hands 🤩
Yep, agree. I'm 31, living in Melbourne Aus. I wear a work uniform so that helps with everyday clothing, but I literally buy a few new pairs of pants or t shirts once a year, maybe once every 2 years. Shoes from Kmart, no brand name stuff. A 2006 car paid in cash. But we are smashing out mortgage down and will have it done in 3 years from now, probably less. We borrowed 480K end of 2019 but have been focussed on just smashing it and then enjoying later.
Beat up 2008 Prius with 350k miles.
My poverty bends light to disappear me like the Predator.