The reason why people buy into this absurd narratives that blame poverty on the poor while praising the billionaires is the same reason why people aren't freaking out about climate change. At the end of the day, most individual persons can't actually change complex, systematic problems alone. This leads to a feeling of complete powerlessness that's simply unbearable to human beings. In the face of such despair, coping mechanisms are needed.
I traveled for a living and tried this for safety. I’d go jogging in baggy sweats. I was mistaken for being homeless twice, once in London, & once in San Diego. I saw a Dr. in NYC give my oversized camo puffy jacket a sideeye in 2022, and decided to never dress “poor” again. 💙🙏🏻💙
Definitely an interesting thing you brought up that I haven't seen yet on RUclips (yet). I have noticed some of the larger channels that provide financial advice have provided less trustworthy advice as their channels have grown to a large platform, which is a stark difference than when they were much smaller. Thanks for sharing this!
Ugh, I love this video. You are fantastic! Thank you for making this, just thank you. It's so rare and refreshing to see a finance-y RUclipsr provide actual nuanced discussion and encourage/engage in critical thinking around these topics. Love that you point out how so much financial advice we see online is problematic BS that perpetuates classism and doesn't help anyone to actually 'get rich'.
Wow thank you for taking the time to comment, this means so much to me 🥹 I want to do way more content like this because I am just so fed up with other financial content lol
Very few people will become rich. The rest of us need to work hard and spend modestly. In the end it is not what you make but how much you save and invest.
I feel like a lot of men click on videos like that because saying, "I look homeless because I want to get richer" is a great excuse for them to not take care of their appearance. (Men have really let themselves go in the past 2 decades, omfg) I think there's also a hint of sexism in those videos. Because, let's face it, women take care of their appearances more than men. So videos like these just make men think, "Women are stupid for buying makeup/skin care products/nails/hair/hair accessories etc."
100%!! We can't win - if we don't participate in makeup and beauty rituals in a specific way, we are penalized. If we do, we are called irresponsible 🤦♀thank you for your comment, I'd love to do a video that's a deep dive on makeup and beauty spending and dig more into this!
If poor people are poor because they make bad decisions then I can't ever end up poor. Also if I'm not poor then it means all my decisions, even ones that harm people who are poor, are good decisions.
It's funny that the same people who are encouraging people to look are also the same people who are saying that luxury brands are for the poor. By their logic, does looking poor mean being covered head to toe in Gucci?
I agree 👍💯 with you totally. It's not that they say to their audience to live simply. And i keep asking them:"What if you are poor or low level income " already? Either they are speaking to already made millionaires only or they don't know what they're talking about.
Two things can be true: it’s always a good idea to live more modestly, saves money, makes you likable, and lowers CO2. But 2. Most of The rich don’t actually do that…
Not gonna lie I watched a couple of those videos as consolation, and I think that’s some of why the myth catches on so well. Like it was fun to change “I’m broke so I should really watch my spending,” into “I live frugally like the super rich lol.” But yeah money channels shrink the world down and overlook how life works in ways that are just outright insulting.
I really appreciate you taking the time to comment and this reasoning makes SO much sense to me. I think that's a big reason why trends like underconsumption core have gotten so much traction, because it's a way of rebranding our very normal, non-aesthetic lives to feel a little bit more romantic and exciting 😊
*I GREW UP **_POOR_* I went to school in black trash bags in the rain, got frostbite walking home in the snow with holes in my shoes... They DONT mean "look poor" cos they have NO IDEA what *POOR* is.
I'd say it's true though, I am way below the median income, but i spend less on expensive items and I actually save more money that I in-turn invest. It's not a some complicated equation or anything.
That's amazing! You should be really proud because doing that on less than a median income is incredibly difficult. The concepts to achieve that might be simple but it's not easy to actually do if that makes sense. It's hard because as much as I'm impressed anytime someone living on a low income CAN achieve this, it also feels like a perfect storm of circumstances are required. Like don't have kids or if you do, make sure you don't need childcare/daycare, live in a low cost of living area, don't ever have any health problems, don't ever lose your job, make sure your car doesn't ever break down or need repairs, etc etc. But all of it is pretty precarious - all of it can be snatched away overnight by a medical emergency or job loss or something else unplanned. Like I drive a 10-year-old car and it just randomly needed $1200 of repairs. I could manage that, but that exact same event would be catastrophic for someone at the poverty line. As much as we have a certain degree of control over our lives, our financial circumstances are largely dictated by things hopefully going well. And you are smart to be using this time to shore up your savings and investments so that you actually will be in a position to withstand an emergency if and when it does happen.
These content creators are just giving advice to other rich people, about how important it is for rich people to look poor. When you have a high net worth, privacy becomes very important and you don't want to draw attention to yourself.
Really appreciate you taking the time to comment. I think if that's all it was, I would be more okay with it. I would still object to the framing, but at least it would be more honest. I understand some of the reasons why wealthy people want less visibility and some of them are totally valid! But at least some of these creators are absolutely trying to suggest that frugality and "looking poor" are how you get wealthy. And these videos are not directed at wealthy people - they are directed at regular folks, low and middle income people.
ITS CALLED PASTORALISM the practice of pretending to be poor, most famous with Marie Antoinette's little peasant's village and Victorian "poverty parties" - today with the "homesteading" "cottage core" top restraints in London serving drinks in jam jars, "look poor to be rich" videos It occurs when wealth inequality has gotten WAY out of control and the rich FEEL intrinsically both _bad- and vulnerable. They know the chop chop is coming and they want to avoid it
It’s not a trend but it’s a minimalist lifestyle. They are correct about consumerism but the wording is just wrong due to click bait. This is just semantics
I dont bother to show off however I think that women needs much attention so they like to use a lot of money to impress neighbours etc. I think it is sad to see how middle class people waste so much money on glimmer and gold and expensive cars and vacations which could have been invested in assets
Definitely! There is always a role for personal responsibility. But it's frustrating to see so many personal finance creators completely neglect the fact that a huge part of the reason people get wealthy is because of their circumstances.
@@kateismostlygoodwmoney "completely neglect the fact that a huge part of the reason people get wealthy is because of their circumstances." YES. I did a thing where I looked up the school and university of every single podcaster I listened to last year. About 35 people in total. 100% - literally 100% of them went to a very expensive private school and then Oxford University. Even Al Murry who has the most working-class accent imaginable - its contrived, its an act he puts on. He went to a £57,000 a year private school. I now have 1 podcaster that did not follow this path. I thought it was 2, but November Kelly of Trash Future [Female Trans Muslim] turned out to have previously gone to Dulwich Colledge Boys School - it is literally THAT pervasive. It's much harder to do this research with bakers or stock traders, but I doubt podcasting is the outlier here.
If you save 209$ a month (assuming you start at 20 years old and retire at 65), and invest that money at 8% annual return, you will be a millionaire when you retire. Many people waste far more than this each month. Their advice is perfectly reasonable. You are wrong.
You have misrepresented the concept of all those "look poor" videos. Sure the videos could be titled "It is a good idea to not flaunt your wealth and appear that you are not ostentatious" but that is just too long for a title and you know it. The videos you are deriding are suggesting flying under the radar much like in "The millionaire next door". They are using "poor" as a stand in for Average or Basic; and before you start getting mad about that lets be honest, Average in the US is the new "Poor".
They have misrepresented their own videos by using the word poor when that's not what they mean. They can absolutely use shorthand like "stealth wealth" which some of them do! Many others chose not to.
In NYC it’s a survival tactic. You “can” walk around wearing a Rolex, but it’s going to be taken by two guys on a stolen moped.
very true
The reason why people buy into this absurd narratives that blame poverty on the poor while praising the billionaires is the same reason why people aren't freaking out about climate change.
At the end of the day, most individual persons can't actually change complex, systematic problems alone. This leads to a feeling of complete powerlessness that's simply unbearable to human beings. In the face of such despair, coping mechanisms are needed.
I traveled for a living and tried this for safety. I’d go jogging in baggy sweats. I was mistaken for being homeless twice, once in London, & once in San Diego. I saw a Dr. in NYC give my oversized camo puffy jacket a sideeye in 2022, and decided to never dress “poor” again.
💙🙏🏻💙
Definitely an interesting thing you brought up that I haven't seen yet on RUclips (yet). I have noticed some of the larger channels that provide financial advice have provided less trustworthy advice as their channels have grown to a large platform, which is a stark difference than when they were much smaller. Thanks for sharing this!
I see this all the time too and it's so disheartening ugh.
I was not expecting this impressive observation- well delivered
Ugh, I love this video. You are fantastic! Thank you for making this, just thank you. It's so rare and refreshing to see a finance-y RUclipsr provide actual nuanced discussion and encourage/engage in critical thinking around these topics. Love that you point out how so much financial advice we see online is problematic BS that perpetuates classism and doesn't help anyone to actually 'get rich'.
Wow thank you for taking the time to comment, this means so much to me 🥹 I want to do way more content like this because I am just so fed up with other financial content lol
Very few people will become rich. The rest of us need to work hard and spend modestly. In the end it is not what you make but how much you save and invest.
So rich of them, giving poverty cosplay tutorials.
ahhhh that noise ring
Thank you sister for discussing about this frugally looking poor in order to become rich in the long run 😂. It’s a thing in NYC 😅still today.
I feel like a lot of men click on videos like that because saying, "I look homeless because I want to get richer" is a great excuse for them to not take care of their appearance. (Men have really let themselves go in the past 2 decades, omfg)
I think there's also a hint of sexism in those videos. Because, let's face it, women take care of their appearances more than men. So videos like these just make men think, "Women are stupid for buying makeup/skin care products/nails/hair/hair accessories etc."
100%!! We can't win - if we don't participate in makeup and beauty rituals in a specific way, we are penalized. If we do, we are called irresponsible 🤦♀thank you for your comment, I'd love to do a video that's a deep dive on makeup and beauty spending and dig more into this!
"You don't look poor" is coded language for "poor people don't deserve anything good because they're poor
YES this
If poor people are poor because they make bad decisions then I can't ever end up poor. Also if I'm not poor then it means all my decisions, even ones that harm people who are poor, are good decisions.
I never thought the idea of ‘look poor’ was to disparage poor people.
I don't know that it was meant to. But it does.
It's funny that the same people who are encouraging people to look are also the same people who are saying that luxury brands are for the poor. By their logic, does looking poor mean being covered head to toe in Gucci?
You would be hood rich not necessarily successful
YES. Like what are they even talking about?
You are clear and woke as hell in this video! The relocation looks good on you! Bonne continuation. ;-)
Thank you so much! ☺
I agree 👍💯 with you totally.
It's not that they say to their audience to live simply.
And i keep asking them:"What if you are poor or low level income " already?
Either they are speaking to already made millionaires only or they don't know what they're talking about.
Yesss preach it 👏you nailed this!
I can’t stress how good of an analysis you have done. You hit the nail on the head. The easiest way to become whealthy is by earning more money.
YES THANK YOU 👏
I agreed it is killing our own identity.
Rich folk's high $$$ image consultants carefully fashion their frugal public image. Buffet's private jet, and Zuckerberg's $900 tees and $2000 hoodies
YEP - the $100 timex watch cost $15,000 in image consultancy fees
Two things can be true: it’s always a good idea to live more modestly, saves money, makes you likable, and lowers CO2. But 2. Most of The rich don’t actually do that…
YES exactly you nailed it 👏
Not gonna lie I watched a couple of those videos as consolation, and I think that’s some of why the myth catches on so well. Like it was fun to change “I’m broke so I should really watch my spending,” into “I live frugally like the super rich lol.” But yeah money channels shrink the world down and overlook how life works in ways that are just outright insulting.
I really appreciate you taking the time to comment and this reasoning makes SO much sense to me. I think that's a big reason why trends like underconsumption core have gotten so much traction, because it's a way of rebranding our very normal, non-aesthetic lives to feel a little bit more romantic and exciting 😊
Agree 100%!!!! They are equating dressing normal to looking poor. Goofy as all get out! 🤣
Right?! Like just buying normal stuff and buying a bit less of it does not equal looking poor! It's silly 😅
@@kateismostlygoodwmoney Right!
Unless you've actually been to a third world country, you really don't have any idea what a poor person is.
*I GREW UP **_POOR_* I went to school in black trash bags in the rain, got frostbite walking home in the snow with holes in my shoes...
They DONT mean "look poor" cos they have NO IDEA what *POOR* is.
Yes this is it exactly. I don't think I captured this well enough in the video, but you said it perfectly 💜thank you for sharing
@@kateismostlygoodwmoney - NO you got it spot on - I shared your video with several people and subscribed...!!!
Thank you so much, you are too kind 🥹
I’d love an update video on Toronto 🇨🇦
Ooh I love this idea, will film one very soon! 💗
GREAT video!
I've never seen these types of videos
I'd say it's true though, I am way below the median income, but i spend less on expensive items and I actually save more money that I in-turn invest. It's not a some complicated equation or anything.
That's amazing! You should be really proud because doing that on less than a median income is incredibly difficult. The concepts to achieve that might be simple but it's not easy to actually do if that makes sense. It's hard because as much as I'm impressed anytime someone living on a low income CAN achieve this, it also feels like a perfect storm of circumstances are required. Like don't have kids or if you do, make sure you don't need childcare/daycare, live in a low cost of living area, don't ever have any health problems, don't ever lose your job, make sure your car doesn't ever break down or need repairs, etc etc. But all of it is pretty precarious - all of it can be snatched away overnight by a medical emergency or job loss or something else unplanned. Like I drive a 10-year-old car and it just randomly needed $1200 of repairs. I could manage that, but that exact same event would be catastrophic for someone at the poverty line. As much as we have a certain degree of control over our lives, our financial circumstances are largely dictated by things hopefully going well. And you are smart to be using this time to shore up your savings and investments so that you actually will be in a position to withstand an emergency if and when it does happen.
These content creators are just giving advice to other rich people, about how important it is for rich people to look poor. When you have a high net worth, privacy becomes very important and you don't want to draw attention to yourself.
Really appreciate you taking the time to comment. I think if that's all it was, I would be more okay with it. I would still object to the framing, but at least it would be more honest. I understand some of the reasons why wealthy people want less visibility and some of them are totally valid! But at least some of these creators are absolutely trying to suggest that frugality and "looking poor" are how you get wealthy. And these videos are not directed at wealthy people - they are directed at regular folks, low and middle income people.
I agree with all that you said
Yes to all of this
These dudes don't have sh*t to say so they resort to this these kind of BS to create content.
yess 👏👏
I was following one “money channel” and I unfollowed a month or two ago when they posted one of these videos.
Okay I'm so glad I'm not the only one seeing these and getting the ick! Good on you 👏
Another shitty trend like minimalism and more
🙌🏼👏🏼
👏🏻👏🏻👏🏻
Weird and potentially harmful trend for sure. Thanks for the vid.
Thank you so much for watching!
ITS CALLED PASTORALISM the practice of pretending to be poor, most famous with Marie Antoinette's little peasant's village and Victorian "poverty parties" - today with the "homesteading" "cottage core" top restraints in London serving drinks in jam jars, "look poor to be rich" videos
It occurs when wealth inequality has gotten WAY out of control and the rich FEEL intrinsically both _bad- and vulnerable. They know the chop chop is coming and they want to avoid it
It’s not a trend but it’s a minimalist lifestyle. They are correct about consumerism but the wording is just wrong due to click bait. This is just semantics
Right. The wording is wrong and it's clickbait. I think it's more harmful than just semantics.
Kaate 😃
Hii! 😃
Click bait, relax!
No 🥰
I dont bother to show off however I think that women needs much attention so they like to use a lot of money to impress neighbours etc. I think it is sad to see how middle class people waste so much money on glimmer and gold and expensive cars and vacations which could have been invested in assets
I think the truth lies somewhere in between.
Definitely! There is always a role for personal responsibility. But it's frustrating to see so many personal finance creators completely neglect the fact that a huge part of the reason people get wealthy is because of their circumstances.
@@kateismostlygoodwmoney "completely neglect the fact that a huge part of the reason people get wealthy is because of their circumstances." YES.
I did a thing where I looked up the school and university of every single podcaster I listened to last year. About 35 people in total. 100% - literally 100% of them went to a very expensive private school and then Oxford University. Even Al Murry who has the most working-class accent imaginable - its contrived, its an act he puts on. He went to a £57,000 a year private school.
I now have 1 podcaster that did not follow this path. I thought it was 2, but November Kelly of Trash Future [Female Trans Muslim] turned out to have previously gone to Dulwich Colledge Boys School - it is literally THAT pervasive.
It's much harder to do this research with bakers or stock traders, but I doubt podcasting is the outlier here.
If you save 209$ a month (assuming you start at 20 years old and retire at 65), and invest that money at 8% annual return, you will be a millionaire when you retire.
Many people waste far more than this each month.
Their advice is perfectly reasonable. You are wrong.
That's a lot of words to say the point of the video went right over your head.
@@nancyneyedly4587 you wanted 1-3 words and a few emojis instead? Yes, that’s the kind of person I’d assume was watching this video.
You have misrepresented the concept of all those "look poor" videos. Sure the videos could be titled "It is a good idea to not flaunt your wealth and appear that you are not ostentatious" but that is just too long for a title and you know it. The videos you are deriding are suggesting flying under the radar much like in "The millionaire next door". They are using "poor" as a stand in for Average or Basic; and before you start getting mad about that lets be honest, Average in the US is the new "Poor".
They have misrepresented their own videos by using the word poor when that's not what they mean. They can absolutely use shorthand like "stealth wealth" which some of them do! Many others chose not to.