8 Things Rich People Don’t Spend Their Money On
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- Опубликовано: 15 мар 2020
- What do rich people buy? Many of us think that wealthy people buy luxury things only. Of course, there are things that speak to a person’s financial wealth like expensive watches and fancy cars. Some poor people are ready to save their money for years or even take out loans to be able to buy these things. However, rich people around the world have gradually stopped indicating their social status this way.
For example, Forbes-list millionaires can talk on a phone model released 5 years ago these days. Yes, rich people don't buy what poor people want, and it’s not just phones! So here're symbols of wealth that are not trendy anymore. There are still many people who haven’t realized this yet.
TIMESTAMPS:
Clothes and shoes 0:25
High-ticket Property 0:52
Gadgets 1:12
Loans 1:38
Food 2:07
The Image 2:44
“Get Rich Quick” Schemes 3:14
“Get rich!” Trainings 3:42
What they do with their time and money:
Self-development 4:25
Charity 4:51
Technological Development 5:19
Emotional Wealth 5:44
Business 6:10
Doing vs. Dreaming 6:44
Dedication 7:32
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Развлечения
![Eminem - Houdini [Official Music Video]](http://i.ytimg.com/vi/22tVWwmTie8/mqdefault.jpg)
Hey guys! Do you think expensive clothes are worth it?
No
No
No
Idc my parents are multi millionaires but they still have a iPhone 5 and we don’t have a flashy 🚘
You can get quality clothes for less,if you know how to go about it,but buying at top dollar,no! It all goes on sale at some point,then you want to kick yourself later for not having to save money.
I thought I was poor but just realized this video made me rich😆😆
lol
Sucker 😂
If u r rich u would already know. Plus you would also be smart enough to know as well.
Same😆
Me too 😁
If you have $300, it's better to buy a cheap bag for $10, and have the remaining $290 in the bag, than to buy an expensive one for $300 and have nothing to put in the bag
Absolutely
Or use a shopping bag. Even cheaper and you can wash it.
@@imho2278 so true. Or just take less stuff with you and put it in your pocket
Bag for $300 is a cheap bag. Luxury bags cost many thousands of $$$$
Don’t buy a bag at all
I am rich cause I am never broke because I live as a minimalist and don't require some fancy life style. I am very happy as a minimalist, it is so peaceful
Happiness should be everyone's goal 😌 Also if you feel rich because of it, you basically win at life
My cousin is rich he has Bugatti Chiron it cost 2.9 million dollars…
Yo
U still considered poor
"Not to strive to be rich but become a person who's worth alot of money" I like that statement
I don't like it calls itself envy and conformism
Effective money management is needed if we want to build a strong financial future tomorrow, I started out with 10k 3 years ago investing. I did two duplexes with seller financing. Fast forward to now. I am worth 500k and currently finishing my 8 unit apartment building. I am 35 and already retired from the rat race. Real estate and stock investing works if you are willing to put the hard work in. No one would loan me money and still wont to this day. I am working on fixing my past credit history. I still made it without the banks.
Am really impressed, by 35 I was worth a little over $200k but what you have done with your finances is pure genius.
Real estate is a real hustle, I own two homes and was hoping on acquiring a third but my hopes was dented by this recession as the prices continue to soar.
You have done well girl💪 still trying to fix my credit score over here.
Am curious, real estate is quite a lucrative venture but can you share how you achieved these?
@@theman5676 Experience does play a key role when investing in this market, that why I have Finance fluent whose expertise has greatly aided in the market. Over three years the helped me in growing my portfolio using their diversified knowledge of the financial market.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
I Invested in Crypto and stocks but believe me crypto is better than stocks
Investing in Crypto is actually the wisest thing to do now despite everything going on in the world
@@tommymoser7053
Exactly 💯
You are absolutely right !!!!!!!!!!!!!!
Many people will regret not buying and investing in crypto now because Crypto is Future ✈️
@Nicky Romero
Crypto trading can make you very rich if you are trading with the right broker
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@Billy Gibson People are scared of investing because of high rate of scammers in the market.
@Billy Gibson But of a truth They are scammer's but real broker are out there too waiting for investors
@Billy Gibson So don't be scared of giving any one a try.
Talking of being successful! I think that am blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Quinten Laura
She helped me recover all that I lost while trying to trade for my self.
I have one rich friend that soooo humble. She famous because her kindness and funny personality, and not because her wealth. Also, not everyone knew she was a very rich person.
Same! I didn't know I had millionaire friends until I went to their house. We had Thanksgiving dinner there and the house was in this secluded hill. Got there and it was a mansion...elevator, wine cellar, secret passages...Then in conversation I found out a a guest walked over. That was a rich, gated community so she was also thr daughter of a millionaire...She worked at Costco part-time.
May Everyone whoever reading this be safe from Corona Virus.
Thank you!
Thanks
Maths with Muneer thank you ☺️and you too
Thank you guys. Love you all and love humanity. Be safe and help others. In a world where you can be anything be kind.
Thank you
Its not bad to have a dream to be rich or working to be rich.... The problem starts only when you compare urself with others....
"Desiderata" read this every morning when you wake up after you say your payers and you will know better!
Exploit the poor people make them also rich; Amazon....
Agree
Playing keeping up with the Jones's is the dumbest thing anyone can do
I am convinced the issue of fashion has more to do with personality rather than being rich or poor. For example, a rich guy will wear a 10 dollar t-shirt and a 50 dollar shoe, but top it up with a $ 30,000 Rolex watch. On the other hand, I have seen rich people go all out and wear some really expensive clothes. My understanding is it depends on how they made their money. Self-made folks tend to be more frugal in their spending and would therefore wear cheap clothes. Most of them grew up poor, or middle class and still have some of their old habits. However, the ones with generational wealth will spare no expense when it comes to clothing. They are the ones that buy brands such as Gucci and Versace.
gucci is not even that expensive
I agree with you
Some celebrity are paid to wear designers
@@MESSY-AF Its overpriced
@@MESSY-AF
Bologna!
Sure, you might can point me to more expensive merchandise, but buying a $1,500.00 purse for example is expensive. Also way overpriced, and besides a bag to carry personal items shouldn't be hundreds of dollars(period).
It’s especially worth spending money on high quality shoes and a high quality bed. If you’re not sleeping, you’re on your feet. It’s worth getting ones that will take care of you.
Yeah but for a reasonably priced shoes It can still be comfy!
Smartest comment lol.
*Rich People:*
-Don't watch videos like these 😂
Pa hug
😂😂😂😂😂
🤣🤣🤣🤣🤣
🤣🤣🤣🤣🤣
Epic
Rich people want to be rich while poor people want to look rich. When I first heard this phrase it hit me hard and deep
Most of this is relevant. Just 3 simple things, 1. Don't waste time 2. Find what makes you happy, and determined to work towards it 3. Help others, it would bring contentment
Rich or Poor it really depends on the person, personality, mood or occasions but it’s nice to dress simple when you are already rich than looking rich yet you’re broke.
Nice, you looking pretty rich in all texture..😄👍
@hello joy rightly said
I am poor but I don't have debts at all since birth, kinda proud of that. 😆😀
Then for you it's income + debt free = wealth and security
This means you are RICH. You have no debts.
You clearly are not getting the point. Being debt free is not the point. Debt provides an opportunity that can either be useful or abused. Most rich people have debts but the debt is towards productive initiatives such as investmests etc, poor people on the other side use debt for trivial items such aa gadgets that do not contribute any tangible progress to them. So you being debt free just means you are sleeping on an opportunity
U are rich
@@Jacksontheboss Do you think Elon Musk, Warren Buffet have debts? If you are talking in terms of a business perspective it's different. From a personal perspective if money wasn't an issue, you would have everything in cash regardless of how much it costs.
Rich people like Late Steve jobs, Bill Gates, Mark Zuckerberg, Elon Musk and other can’t wear a branded clothes as they themselves are related to some specific brand and wearing them will automatically endorse that brand that’s the main reason why they don’t wear branded clothes and not the reason which you have mentioned in your video. Their clothes may cost much more than any other branded clothes who knows, until and unless u have met all above personalities and questioned them about their wearing. Lastly you should also consider how many cars they have and of which brands.
😊👍
Exactly
And to add that late Steve Jobs' turtleneck was custom made by Issey Miyake.
Who's know. Some have bunch of fancy cars while other have property and asset under different llc and trust fund. As I'm getting older, getting a new car and phone doesn't appear to me more than seeing portfolio grow and playing better tennis. I guess when you have the fundamental financial stability and leaning toward financial independence, you view things either assets or liabilities. The of course, new car, clothes, phone are liability. Would 3 camera lenses phone make you a photographer? Would 0-60 in 3 second car drive faster from A to B than a beat up one given both obey the speed limit.
Most underrated comment of this video 🥺🥺
I have been using the same mobile phone for 5 years now. It works perfectly and does everything I need. I have no plans in upgrading it anytime soon.
Life is too Short, just Enjoy your life..being happy is to be Contented of what you have and what you've Got..Money is Temporary!
the most expensive clothing is what you have in your closet and never wear..
Don’t compare rich and successful with poor. Rich people are born with money but successful people work hard struggle through time and then becomes rich. This cannot be generalized. It depends upon people to people.
True
😡yeah
Agree
I don't want to be rich I just want to be successful.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
“8 things rich people don’t spend their money on.” Number 1 should be “taxes.”
yea
Bill Gates would beg to differ.
Hahahahaha
😂you are right
Lol
When I was an intern I met my first Billionaire. He drove an 80s model Mazda RX7 as his daily driver and his second car was a Toyota Tacoma. If you say him on the street walking around you would have thought that he was a father on his way to pick up his kids from school, which he did.
But RX7s are pricey. They ain't ordinary cars. But even tho that, they are more comfortable to use than the nowadays lambos
I delivered mail to Steve Forbes in NJ. I was flabbergasted when I saw he lived in a very modest wood framed structure with no elaborate gates and fountains etc. It was just a ordinary house. Not to mention Warren Buffet treated Bill Gates to McDonald's using coupons
why to look poor or rich
just be yourself
Yasss !!! Exactly lol 😂 took the words right outta my mouth 👄 great comment.
how about that. i was raised to respect PEOPLE. we do not care about your fashion sense. many people get themselves into enormous debt trying to look as tho they have money. why?
I know right? I just like to wear comfortable clothes - usually jeans and t-shirt lol.
Be your BEST self. Dress for Success.
@@cyphrinfinity9992 I love to wear jeans too
My step dad used to say don't work for the money....let the money eork for you... He said it's simply because Your trying hard to achieve something achieve something In an easy way, effective and worth it
The key to wealth is to live below you’re means and how much money you make....as long as you can do that and still save money buy what you like and enjoy life...don’t buy things you don’t need or things to impress the Jones!!
The 100 kilos of love and compassion in your heart are much-more-valuable than the 100 kilos of dollar-notes in your bank.
Rich: Never watches Bright Side
Poor: Watches Bright Side
We are all poor here
So you are poor then?
I would say....... Yes...
Rich: Wanna to know richer people's life.
Poor: Wanna to know rich people's life.
Still wanna to know somebody's life.
we are nor poor if we watch bright sode cos it requires technology and actual poor people can't afford tech
I think for some of these, it depends on what your priorities are. Some people are really into technology and love upgrading their phones when a new one comes out. Others are into cars. I don't think there's anything wrong with it if it's something you enjoy as long as you do it responsibly
I have never upgraded to the newest model. I have only owned one phone. I bought it in 2017, It still works with the cracks 🙌.
You just got a phone in 2017!?!
When a lot of people do this in the world, the planet and climate would be better....
Dressing yourself isn’t about rich or poor or proving anything. It’s about personal style and comfort.
So true
I totally agree.
And Confidence.
He did mention about how "poor" choose flashy clothes not the comfortable ones.
@@KirtiRanjan so the question is would these poor people still wear the same flashy clothes if they became not poor? Would they automatically ditch their flash for comfort?
I know a rich person and he does indeed spend his money on those nice things. The only thing he did that this video says is buy an average house and fixed it up really nice
Some of this can be debatable.
Especially the statement that debt is always bad, while it's not necessarily true.
@ Not necessarily. You can invest from debt, for example. If the loan's interest rate is lower than what your making with your investment, I wouldn't call it a bad debt.
That is entirely true. I've met a few really "rich" humans in my life. But they haven't worn or bragged about anything extremely expensive
Proper planning focusing your goal and never lose hope is the key to success
i im mid-high class, and I like to spend it on clothing, dont see nothing wrong with that. If I became rich I would still do it, I dont do it for proving something, but because I enjoy it
Came here to make a similar comment. I love fashion, so I set aside a certain amount every season to keep updated with the trends because it's something I enjoy
Exactly. It has more to do with personality rather than the issue of being rich or poor. Plus I have seen rich people put on a 10 dollar t-shirt, 50 dollar shoe and $ 30 dollar trousers only to top it up with a $ 30,000 Rolex.
exactly
What is still to hit you:
Its not about Rich and Poor,
Its about Intelligent and Not-Intelligent.
Disagree, there are far too many non-intelligent people who are rich
H.B.R.E.B didn't say Rich/Intelligent & poor/ non-intelligent..
Wow nice one thanks, am new friend here
More like logical and illogical. People can be smart and poor. They're called socialists.
Raul Ayala let’s try not to value money more than people that’s intelligence
"What's the Point of being Rich if you don't even have time to spend your money" BIG CHECK!!
Whats the point of being poor and having time but no money to spend
@@jakefromstatefarm6282 center it
have some money and the time to spend
Rich man's quote: " work smarter not harder"
No, it's make your money and women work for you!
After finished watching this video, I realized I’m poor despite not spending on any of those listed products...
1:14 no we all don’t upgrade to the newest model when our previous phone is working just fine. I have been with the iPhone 6s for the past 4 years
=0 trust me 1 day I'll find u and give u a new phone
pizza Rivas 🥺
@@dylon2543 =]
Moral: Don't wear a brand be a brand
Some of this is so true. My sister & brother in law are very well off - but dress normal, invest, & focus on health & family. They have nice cars and a large house in a fancy neighborhood, kids go to a school that costs more than most colleges - but their investments & savings are insane. Best part - they dont talk about money. Im an engineer, wife is MD - and we always say "wish we had their savings"...
Life is to short
Enjoy life do what ever you want to do
You cannot bring your money after life
Life isn't to short its the largest thing you'll ever experience
right
You can have a dreadful quality of life without money.
You will only take
*your deeds* with u
That is why they became "RICH"
Pa hug po
Emma Rose Abellame Exactly.
Somali Tigers I have known wealthy people who lived like paupers, so determined to hang onto their money to pass on to their kids or whatever. This video gives some great advice! However, as I have observed, rich people can be so obsessive about saving their money, it’s like hoarding, and they don’t even get as much enjoyment out of their lives as we do. I knew of at least 2 examples where the people lived in the plainest surroundings and ate the most meager food. I say, use common sense with whatever money you have, whether it’s great riches or a bare living. We don’t have to starve, which depletes the immune system and leads to serious illness. Yet many people are into materialism, constantly buying “stuff” to look cool and keep up with peers. But as you get older, if you are wise you understand more with each passing year that “you can’t take it with you.”
@@ijustlovebritcoms It's not that simple. Many wealthy people happened to be poor in initial part of life & having seen poverty closely, they would never like to go back there, hence such behavior. You must have been atleast middle class person right from birth & hence think this way.
You can't take money with you when you leave so enjoy it but also be smart with it 👍🏼
It was funny.. 😆😆 the video ended but I was waiting for more lol.. thanks so much. Very informative.
I look forward to your videos - I watch your channel every day - thank you for the "bright side" of life! 😄
If getting rich was easy everyone would be rich i say being rich depends on a combination of hard work and or luck
Dude rich people love debts but they never tell you the secret of managing it unless you wanna know badly
You are right that a rich person doesn’t have to proof anything by showing off. But still I know many rich people with expensive cars, watches, suits and houses.
Do you know...
You can't breathe while smiling
Well, you can
Just wanted a reason to make you smile
Sure
Hahaha nice :)
😂😂🤣 thank u.
Haha caught me on that 1 lol 😆
I confess. I actually tried it. 🙄🤣🤣
It actually depends on which kind of rich people u are referring to
i agree
Yes
Yup. The cash rich or the credit rich ones..
So true
1. Savings
2. Investment
3. Start Up
GOT IT! THANKS❤️
Awesome video I liked it being so realistic and relatable. Thanks a lot...
I couldn't agree more.
My old Mercedes W140 and my old IPhone 3gs are still serving me like gold and I dont have plans to replace them with something new!
If you're crazy about something and you can afford it then go ahead. But spending money frivolously could get you into a financial hole.
Priceless Information. Thank you. Best upload .
I'm loving it...
I agree with investing in oneself... 👍🏻🙏🏻
I've many of these habits. They're mostly common sense. They've, so far, only left me rich in spirit and possibly character.
Isn’t bright side making money of their viewers by telling them what to do to get rich.🤷🏾♂️
Exactly 😄
You guys keep doing what you're doing, you inspire people everyday.
If you are rich and not principled you can as well fall on the poor category
Nobody:
Comments section: “dOnT liE “
I’m GiFtInG EvErYoNe
What are you typing ???
GiFtIng
This is another 'avocado toast' video. It continually references modern gilded-era types like Musk and Jobs, as if their wealth was achieved by these pedestrian means and not instead because of an era of much loosened monopoly, anti-trust and tax laws that benefit the wealthiest. Thank Reagan.
Rich people pay less taxes than the poor; a French revolution must be done
I like watching your video they are amazing, giving us knowledge
It depends I know a rich guy who has 50 pairs of branded shoes so it depends on the person
Must be new money
My family is very rich I also ask then to show off but they say" we do not show off we look like normal people"
the more money you have the more you "hold on to the money " and its easy for a rich to "avoid" to take loans cause they have much money so they dont have to take any loans
They take loans to make more money not to pay off bills
Foolish people take loans to spend on frivolous things.
You can be poor/middle class (basically making income that is not "rich" in mainstream's definition) and still not take any loans because of smart and frugal lifestyle.
Truth is, ppl take loans these days because they want the lifestyle they could not afford... But if they choose to live within what they could afford, usually loans can be avoided.
Yes. Never take a loan out on something that depreciates in value. Like a more expensive car than you need. Or not paying off the credit card in full every month. If you charge something like clothes or expensive hand bags but take months to pay it off it costs far more than the purchase price due to interest plus they both wear out (depreciate in value).
I am inspired by your video. I am greatly moved and grateful to you. I really like it and love to see more videos from you.
I totally agree with these sentiments. Rich for have to fight to be reorganised , noted . Thank you for sharing
Can you make videos for those students and children who are getting confused to choose their career. That will be very helpful for them.
Plot twist: Rich people do not watch these kind of videos ,hence we're poor...
Not for long. Gotta start somewhere. Warren did too
The video goes straight to the point without any BS I love it
Great clip. Thanks a lot.
Rich people with poor mindset...
Poor people with rich mindset..
Basically??? Go figure
Successful people don't spend on -
Outfits
gadgets
Loans (credit card, bank loans)
Food(junk food)
How to get rich faster (seminars, training)
Rich people spend on
Self development
Charity
Emotional wealth (travel)
Business (money should work for you)
Perform activities to achieve their goal
today i subscribed to your channel and i love your channel to watch , thank you
I love this channel...❤️
Goldiggers: *spends all their 1 Millon money*
Rich Kind people: *not spending money forever*
Edit: idk why I have so many likes but thxs :3
Ye 😮
That's why they stay rich
Yeah actually
True though
That's how to get rich, save and invest a bit. Not spend it all.
-Just remember-
*No one is rich*
*No one is poor*
_If you don't compare yourself to others_
Yes
Great Video: Basic, and Common Sense, but as we all know (quoting Jim Kwik) "Common Sense is not Common Practice". Thanks!
Thanks again for this information
According to this video that my style is the richest look even though I have minus bank balance. :)) haha
pretending rich is always posting on social media, actually rich almost hiding where they are.
So so true! Real rich folks do not crave for attention in fact they like to go anonymous. They love their privacy..
That’s true
True👌🏾
This is soo trueee
that's true
This is one of your best vid so far. Nice nice
in fact, the more money you spend, the more the economy will grow and will create more employment opportunities, and the more rich people will be. so for the growing together, don't be stingy with shopping
Looks like I have a rich mind and an empty pocket.
Lol 😂😂😂
Me too dear
Huh!!! I must be a millionaire! I wear cheap jeans, tshirts old shoes and a cheap house.
Thanku!
Thank you for the tips! they were so helpful.
I have so much debt to pay off. Also fell into the trap of buying all the clothes, fancy food and get rich quick schemes. I'd love to pay off all my debt by December 31, 2021.
Hey, how did that go? Did you do it? 😊
@@lovepurpose5210 Thanks for checking in. No I haven't paid off my debt. My bank account is also in the negatives 😔
My uncle is a computer engineer and I'm pretty sure he's a millionaire by now . He walks around looking like a homeless Jordan Peele but his house is crazy nice.
He is smart - doesn’t need the approval of his looks from no body
My aunt is a ceo And she is a millionaire
Well some rich people like rappers are the exact opposite of what you said they have latest phones big mansions cars and many more
That's very true man I like this.
Bright side and Alux are my 2 fav motivational Chanel’s 😂