I had to learn this the hard way after years of buying nicer bags, shoes and jewelry than my boss with a 7-figure salary, note mine was considerably less. I finally realized that having the potential to buy expensive things and not doing it gave me a bigger rush than just buying to impress. Now I spend when the difference really matters like on an Economy seat upgrade because flying at 6ft tall is no joke! But I will compensate by getting an economy car and pushing the seat all the way back and making breakfast and lunch and only splurging on dinner when travelling. It is a mindset that we all have to learn.
So true, I know plenty of people who live modestly but have a high income and an even higher net-worth. I know even more people who live above their means.
I think a more accurate statement is "wealth is what you don't see minus what you do see". It's still possible to be poor if you look poor and to be rich if you look rich. However, I do agree that there are more "Millionaires Next Door" than people think. Bottom line is you don't really know what someone has (or doesn't have).
Yes sometime first impretions matter, but doing it all the time and trying to be like jones will not get you no where like you say man. I was like that 4 years ago and now I turn my life 360 around its the best thing ever to happen to me, because I was on a path to destruction, now no one thinks I onw land or making my onw dream house(people look at me with my old motorcicle and wearing old clothes think I dont have shit lol) and starting to make a diference for my life and looking for other ways to make more income with out the need to work for someone else, me and my family trying to make many ways to have income and be are onw boss and create whealth
That's awesome to hear that you managed to turn things around like that! I'm glad things are going so well for you and your family. Keep up the great work :)
I have heard the car analysis before, is it a common story in finance? I am pretty sure it is in the psychology of money. Is it just one of those common stories in finance?
Ownership and Possessions are guaranteed loss. Stop spending everything you have to impress upon yourself your own self worth it's a death trap for your soul.
Women choose the men they date based on that man’s social status, really hard to have social status without nice stuff, that’s the root of the problem we all face
Yup. If I choose to start dating again I think I’d choose a girl from an economically disadvantaged background who knows the meaning of saving. Can’t really make any headway with modern gals who love to spend more than what you bring in on a monthly basis.
Not all women choose men they date based on their social status, and social status isn't 100% determined by "having nice stuff". If you are OK financially and have some kind of social life + identity that's enough. You don't want to date women who chase dudes based on their stuff anyway.
@@Profitglutton90 being poor doesn't mean you know how to save; in fact it's often the opposite. Man it is no wonder people are so confused about dating. There is so much misinformation and misunderstanding about basic human nature.
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I had to learn this the hard way after years of buying nicer bags, shoes and jewelry than my boss with a 7-figure salary, note mine was considerably less. I finally realized that having the potential to buy expensive things and not doing it gave me a bigger rush than just buying to impress. Now I spend when the difference really matters like on an Economy seat upgrade because flying at 6ft tall is no joke! But I will compensate by getting an economy car and pushing the seat all the way back and making breakfast and lunch and only splurging on dinner when travelling. It is a mindset that we all have to learn.
I second the point about flying as a 6-footer. No joke indeed!
AWESOME
Yep. Love driving my 2006 car with 352K miles on it through town while wearing a t shirt. Nobody looks twice at me. Just the way I want it.
Bob : They probably ignore you because you look poor and dont look like a Flashy NBA Baller.
Well done, Glenda! Sounds like your well on your way to your ultimate goal :)
@Glenda Stevens I definitely am following that plan myself!! ❤🎯
So true, I know plenty of people who live modestly but have a high income and an even higher net-worth. I know even more people who live above their means.
The timing of this video for me (as in the day I commit to buying an exotic Italian motorcycle) is lovely
Interesting timing for sure ;) Sounds like a fun thing to ride, though. Enjoy it!
I think a more accurate statement is "wealth is what you don't see minus what you do see". It's still possible to be poor if you look poor and to be rich if you look rich. However, I do agree that there are more "Millionaires Next Door" than people think. Bottom line is you don't really know what someone has (or doesn't have).
Just finished the psychology of money. Great great great book.
It really is!
Great video, and great final phrase! Thanks!
Glad you liked it!
Reason #4: and yet Wareen Buffett doesn't drive fancy car despite he's one of the living richest man on earth
The red sports car is clearly a Ferrari California by the way
The Porsche fans are triggered by you leaving off the “e”.
Yes sometime first impretions matter, but doing it all the time and trying to be like jones will not get you no where like you say man. I was like that 4 years ago and now I turn my life 360 around its the best thing ever to happen to me, because I was on a path to destruction, now no one thinks I onw land or making my onw dream house(people look at me with my old motorcicle and wearing old clothes think I dont have shit lol) and starting to make a diference for my life and looking for other ways to make more income with out the need to work for someone else, me and my family trying to make many ways to have income and be are onw boss and create whealth
That's awesome to hear that you managed to turn things around like that! I'm glad things are going so well for you and your family. Keep up the great work :)
I have heard the car analysis before, is it a common story in finance? I am pretty sure it is in the psychology of money. Is it just one of those common stories in finance?
I think you spelt prestige wrong. But good vid otherwise.
Ownership and Possessions are guaranteed loss. Stop spending everything you have to impress upon yourself your own self worth it's a death trap for your soul.
There certainly are better ways to build self worth, that's for sure! Thanks for the comment :)
PS The Devil liked what you said though.
Hey video title, yes AND no.
Women choose the men they date based on that man’s social status, really hard to have social status without nice stuff, that’s the root of the problem we all face
Yup. If I choose to start dating again I think I’d choose a girl from an economically disadvantaged background who knows the meaning of saving. Can’t really make any headway with modern gals who love to spend more than what you bring in on a monthly basis.
Don't get with women that think like that, then
Not all women choose men they date based on their social status, and social status isn't 100% determined by "having nice stuff". If you are OK financially and have some kind of social life + identity that's enough. You don't want to date women who chase dudes based on their stuff anyway.
@@Profitglutton90 being poor doesn't mean you know how to save; in fact it's often the opposite. Man it is no wonder people are so confused about dating. There is so much misinformation and misunderstanding about basic human nature.
Some how true!!
How can we take this video seriously when the author can’t spell ‘prestige’?