7 Main Differences Between Rich and Poor People
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- Опубликовано: 26 июн 2024
- How to Become Rich. Not every rich person is born into a wealthy family, so how do so many well-off people reach their financial goals? A major difference between rich people and those who have money problems can be found in the way they think, act, and see the world. Check out these 7 differences between the rich and poor and use them as your own financial tips to become rich.
TIMESTAMPS
Rich people don't try to show off their wealth. 0:55
Rich people invest money in certain expensive items. 2:28
Rich people make their money work for them while poor people work for their money. 6:46
Rich people know how to manage their money. 7:42
Rich people see opportunities while poor people see obstacles. 8:18
Rich people concentrate on what they want to achieve while poor people focus on what they want to avoid. 8:59
Rich people face problems while poor people try to ignore problems until it's too late. 9:45
Music: Andrew Huang - Club
ruclips.net/user/audiolibrary...
SUMMARY
-Those who have a lot of money don’t always flaunt their wealth. It may sound surprising, but there's no real need to buy a pair of $1,000 jeans if you can find a high-quality product that’s 10 times cheaper.
-Things rich people don’t save on are: coffee machine, induction stove, LED light bulbs, energy-saving glass, thermostatic shower faucet.
-Rich people don't keep their income in savings accounts; they have funds in their budget that they can invest, and they do this regularly.
-Rich people don't overspend. If they use a credit card, they do everything to avoid paying finance charges.
-Rich people see opportunities for growth and success in everything they do.
-The rich are willing to overcome obstacles to achieve their goals. They realize that you can’t win without taking risks.
-Rich people choose to face their fears to become a more successful and powerful individual.
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Хобби
Is there anything we might have missed?
BRIGHT SIDE Most of thee were wrong...
BRIGHT SIDE all are right
Richs flex with cars or womens.
Could you share your thoughts on the theme?
BRIGHT SIDE you have no idea about "rich" and "poor". I would recommend you leave your safespace and check what is the real world like.
The richer man is not he who has the most,
But he who needs the least
Agreed
James Aitchison Agreed. Case in point, uber rich multi billionaire Paul Allen from Microsoft, had a hangar full of expensive toys, but needed more time to play with it all. His biggest wish was to get a wife and kid, but bazillions aside, he seemed poor on human charisma, and died alone. Perhaps the diamond studded solid ivory dodo feather lined casket was a little comfort.
Aren't those kind of the same when taken literally?
The wisest statement yet.
Minimalism
I'm an old woman and the most important thing I've ever learned about money comes from this story. A man was attending a party and a friend pointed to a nearby person. This man is very rich. He works all the time to earn money. He never stops. He has worked and saved for many years and probably will until he dies. My friend walked up to the rich man and said, "I have something that you will never possess." "What?" the rich man said. My friend looked at the rich man and smiled. "I have enough." My wish for all of you is that you can tell when you have enough. Then, just enjoy and share your contentment.
Nice story.....
I don't think many will get it.
It is written.....pray for two things occurs before death. One, I do not have deceitful lips. Two, gypsy I neither be rich and become snared or poor so I need not steal and put the Lord to shame
Wow, this would make a beautiful illustration. Thanks for posting :-)
"I have enough" -ridicolously poor guy
Ameen.
Work hard but be content with what we have.
All the riches have been forgotten, so we are nothing special.
Have you tried investing before
Instead of contrasting rich and poor, this video contrasts good and poor money management skills. There are rich people who squander their money, and not-so-rich people who learn good money management techniques and are able to turn their lives around.
Notice I said "not-so-rich" rather than "poor". Truly poor people can't buy even the $100 jeans mentioned here. They have to shop thrift stores or make their own clothes, cook at home rather than eating out, and must still often choose between eating and paying basic bills or health insurance. The "poor" in this video sound more like middle-class people who have yet to learn sound money management.
That said, this video has wonderful money management tips that can help many of us (myself included) improve our financial stability.
You know the reason Lamborghini or Ferrari don't publish ads
Cause the ppl who can afford them don't sit near tv
Let's be honest, rich people don't watch this video.
R ay I watched this just to check if i'm rich or not, turns out i was rich without knowing it
R ay They do duh.
Vincent Van Schoor i think you would know if you were rich
Vincent Van Schoor but you are not rich in your grammar
Man-cool shazni oml
Obviously, the maker of this video has never actually been poor.
The truly poor don't buy $100 jeans, nor $3.50 for a cup of coffee.
The truly poor use one bulb in a three-bulb fixture.
The truly poor wear thrift-store jeans.
The truly poor cook their own food, instead of eating out... and what they're cooking is cheap stuff that expands in water, like rice, beans, and macaroni.
Rich people have money to put to work for them.
The truly poor have to choose between groceries and medical care. There is no money to put to work for themselves.
How do I know these things? My husband became mentally ill... and eventually abandoned me with our two children to raise alone.
The rich would rather invest than spend.
Very true lol
Facts!
Hello guys I'm a 18 year. I want to be rich some day. What's the best way you'ld suggest I get started?
@@chrisshishido9551 Trade the forex market. Or better still get an account manager to trade for you while you master his/her strategy. I make an average of $20,000 per week from account management services.
@@forexjames8266 Who do you recommend a newbie like me begins with? I think I'm interested in trading.
The Main Difference Between Rich and Poor: MINDSET. Period!
It's called perspective
So bucking true thats what i have been telling my friends this whole bucking time .... but little buckers wont listen they say its system and poverty is the reason why people are poor
with pfp
It's called growth mindset and fixed mindset
So if I think I'm rich that means I'm rich ?
Poor people don't spend $100 on jeans. Middle class is a thing guys.
Think he is comparing upper middle who know how to save money and work hard vs entitled people who only live on a modest salary but spend beyond their means to show off.
I worked with some one like that. By no means am i incredibly wealthy but safe/comfortable would be a better word for it. I work in a factory if that will explain the rest of it... but any way the girl right next to me always had her hair done nails ect and would wear name brand closes to work where they get dirty and destroyed and brand new iphone ect... on a daily basis would be talking about how she cant affort to pay her bills... i worked the same job made slightly less bc i was prego and we got paod per part vs per hour and it was a physically demanding job and had plentt in the bank car paid off getting ready to buy a house... granted i am 2-3 years older but even when i was her age i still made sure i had all my stuff together... money managment is a choice.
Or just people amungst there own finacial groups... just bc tour poor doesnt mean your the poorest toi could be better off then the other poor person and it would probably be bc of some of the topics he brought up.
Not for long, sadly...
Hi I'm not sure if u have to go in to uand look back and see if u r. There
Proverbs 13:7
One person pretends to be rich, yet has nothing;
another pretends to be poor, yet has great wealth.
$100 for jeans is too much . The max I spend on jeans is $40
100 is a pair of Levi’s... just get $100 jeans on sale 😂
Congrates u r rich
Yess same, and I only go up to 40 if it’s good quality
I usually spend 15 bucks on a pair of jeans. I buy them when they are on clearance!
When you’re tall, I mean a REALLY tall women then it’s hard to get jeans less than $55( on sale). I wish I was an average height female.
Rich-buying expensive products for savings
Poor-buying expensive products for show they are rich
Are you sure that poor buying expensive products for show
They are rich your wrong
I'm poor but I don't buy expensive products I love buying stuff but it's
Only use for emergency
Only use for emergency
Rich people buying things that bring them more money in a later moment!
Poor people by things for satisfaction, now !
Like car guys who drive hyper cars, yet you see them wearing Chuck Taylor's and G shocks.
Don't say poor
I must be literally the poorest person ever bc i would never spend $100 on jeans
u r mentally rich
indi123 👍👍👍
Nope, Levi’s for life👍
Definitely, 20-50$ no more
Why not get a 1 dollar
This isn't a rich and poor list. This is a upper middle class and lower middle class list.
Cillian Barrett - Good point
Exactly! Imagine someone from the working class trying to make investment; they would get laughed at by the investee.
Also, what kind of poor person goes around buying pricey clothes?
Good job. “Upper Class” and “lower class” are just synonyms for “rich” and “poor”. You didn’t say anything useful.
Based off personal experience, poorer people tend to spend more money on designer brands and flaunt them around all the time.
Cillian Barrett thats actually true.
They're rich cause they try to save money, and the "poor" people just want to look the best and try to do everything to get what they want
@BallOnEm PBS this is the best way anyone could ever put it dude.
Reminds me of an explanation given to me once. When I was in grade school, I was bused to a very low income area for school. I noticed something very out of place there, which confused me. On a block of 10 multi-family houses, at least half of them had Cadillacs in their driveways. When I was in high school, I was again bused into another low-income area for school. Noticed more of the same. As a teenager, was less restricted in where I walked, and whom I would encounter. I spoke to a guy sitting out on his porch one morning, as we all walked by toward the school. I ask this man about this phenomenon. His answer surprised me, but clarified the issue fully.
When driving in his car, everywhere he went, people would see his Cadillac. Where he lived, everybody was all dealing with the same hopelessness of their collective financial situations. But out on the road, nobody else knew of that, and could feel like they weren't poor, even if only for fleeting moments. The "rich person" thinker, would have suggested that he should leverage the money spent on that luxury car, to propel himself out of such conditions, permanently.
Yeah, no I am pretty poor myself and I buy the cheapest pants or shirts I can find, tho I can't get as much cause of the house bills, it's hard to pay them..
'Rich people don't work for money, they make their money work for them'. I like that.
Right so Bezos doesn't work for money?So all underpaid workers from Amazon who can't really go to toilet are the money working for him?
They work for money. Bruhh.
@@Penguin982 yes but there's more opportunities for rich ppl basically the become richer.
@@IbarraAlejandro because they didnt spend there money thats why they become richer rather than a poor who spent alot of it instead saving it. Some of the rich especially millionaire get debt because spending alot of money to a things.
TIMESTAMPS
Rich people don't try to show off their wealth. 0:55
Rich people invest money in certain expensive items. 2:28
Rich people make their money work for them while poor people work for their money. 6:46
Rich people know how to manage their money. 7:42
Rich people see opportunities while poor people see obstacles. 8:18
Rich people concentrate on what they want to achieve while poor people focus on what they want to avoid. 8:59
Rich people face problems while poor people try to ignore problems until it's too late. 9:45
I'm poor.......XD
BRIGHT SIDE lol
2 and 1 are far from true bro
BRIGHT SIDE thank you but I kind of already watch the whole video
BRIGHT SIDE more like money saving tips and shiting on poor people than anything else
Well I just found out that I have the mentality of a rich person with the bank account of a poor person.
Thinking and Doing are literally just a few steps away from one another but can make miles of difference.
Wow
@Jack Chipps that's one way to tell the world your broke. :D
@@milkncookie i m broke
Thats another of telling that u r broke
The most valuable lesson about wealth I ever learned was in my teens. It came from an old Greek philosopher (aren't they all?) whose name I have tried, unsuccessfully, to track down for sixty years. I paraphrase, "I never realized how wealthy I was until I went to the market and realized how many things I did not need".
Still people crying in the comments section instead of being out there doubling their 💵
Like you?
I’m forced to be poor because of taxes and can’t work.
@@niceplayertheyt5495 if you don’t work you don’t need to pay taxes. stop complaining and start working
@@Od1nsBeard Are you ok? My mum pays taxes all the time and she dosent work. Stop questining other people's experiences.
People are upset because they are being judged by how much money they have.
Plenty of rich people flaunt their wealth. Poor people don't buy Porsche, Ferraris, private jets, $100,000+ watches, courtside sporting event seats and about a million more things.
Those are the families that loose their wealth in a single generation.
That is so true. YOU'VE NAILED IT!! SAY NOMORE
there is Rich people who are super Rich because of their position (politicians) and those who invest their money in the right place.
I think you mistake the rich from the filthy rich. The people that you mentioned are multi millionaires or billionaires. People who are "well off" are those that are mentioned in this video. They are what we used to call the upper middle class. Those that have maybe $500k-$1m. You don't see those people buying Ferraris, Porsche or diamond watches. You don't see these people going on their yacht sitting beside the pool with 10 hot girls in bikinis surrounding them sipping martinis.
Frozen Fire you are right but that so obvious distinction should have been made here, shouldn’t? Multimillionaires also buy luxurious products, clothes, cars, mansions. If not then who buys these things? Rich people had some business idea and make some over-average cash flow while poor and the middle class work for money and make more and more debts.
You're mistaken poor people with middle class people that are not poor.
True true
They don't even know how's the life of poor people.
Middle class does it still exist??
@@jean-noeljabagi3653 😄
Middle class actually means 💩 poor
@@kidshinditv3648 no it doesn't
Ah, so a $500 coffee machine is producing coffee out of nowhere?
My caffe machine costs ten dollars from Family Dollar.The caffe I put in it is three dollars and fifty cents a tinfrom Dollar General. Delicious!
i have a $20 one and get coffee at Sam's for $10 that lasts a yr
Lol
Hahaha so true
@@brucemarsico6 You can buy a coffee machine for $10?!
The main difference between rich people and poor people:
ONE HAS A LOT OF MONEY AND THE OTHER DOSEN’T
Flooding Diamond
Hhhhh
You are Right
@FloodLink r/whoooosh
@A Antonson Saving moneys. I dont know why other poor people didnt understand what this video say.
That’s not true
Rich people show off too
Piano Master yeah they buy expensive stuff but nobody knows what it is, they big off production value not fashion trend
Haveck yah like expensive paintings and Lamborghinis which are both pointless besides flaunting your wealth
Most of those who were originally poor who got lucky overnight (rappers winning lottery/casino) or kids who dont make their own money (parents, etc).
The poorest man in the nearby park hills neighborhood (also a creeper) is the only one with a lamborghini "to try feeling rich" because he got newfound wealth and has no idea how actual rich people live. People still think of him as some low class bum who stole mommy's lambo or something because he makes it so obvious that he is new to this.
yes a lot
🙋
You make it sound like "poor" people have no common sense.
It is just pure libertarian propaganda, of course they make it sound like that.
Please be free to show otherwise.
Manoranjan Das So because I earn very little money from caring for my disabled mother, that makes me a fool? Interesting.
@Manoranjan Das is as ridiculous as this video...ha ha...
@@youdontknowme3603 It's your life, not your disabled mothers'. How about getting a trusted professional to take care of her instead of being a momma's boy? Then you can use your most valuable asset, time, to earn more. You kind of are a fool.
There are lots of differences between the rich and they poor but the poor can live up to the standard of the rich, it’s simple just by spending less and investing more that’s how the rich remain rich
You’re right 💯
Ben lucas wow! Great insight
Gloria Closs I’m a big time forex trader
William Wrate I’ll approve Mr Albert Micheal for you he’s trustworthy and best option ever seen he has helped me recover what i lost trying to trade on my own
My first investment with Mr Albert gave me profit of over $18,000 and ever since then he has never failed to deliver and i can even say he’s the most sincere broker I’ve known
I'm on my journey to becoming wealthy, thanks to the forex market. The best decision I made this year was investing in the financial markets even though I'm a full time nurse 😊😊😊😊
I think you meant differences between Rich people and wannabe Rich people.
Wow. So many likes. Thanks guys. That's a first for me.😁
Turifa Shafenaz a wanna be rich person is usually poor bc they are stuck in American consumption
But not all poor people are wannabe rich
@@Temchan17 Exactly.... And Americans are not the only poor peoples @LatinoPho
Turifa Shafenaz I agree.
most accurate thing i ever read today
Me: I'm going to buy a Coffee machine, LED lights, induction stove, energy saving windows...
Paycheck: hah! no you're not!
Me: looks at credit card...
Credit Card: Don't even think about it!
You heard about saving? It's this cool thing where you put aside a little money and wait.
Suddenly you have a lot of money saved up. Then you buy the stuff you want.
However, rich people also learn to moderate their spendings and pay off expensive loans, before buying money saving products.
@@ands1983 have you heard about this thing called bills, rent , food that eat up your entire paycheck . Hah , thought not
@@jinjutokkistudios6549 live within your means. Move to a smaller place, don't eat out, reduce your bills. Then you can save
Example: assuming you don't have kids, live in a studio apartment, a cheap one, not luxury, a little sacrifice now goes a long way later
Pay your car insurance semi annually to avoid monthly payment fees
I pay my cell phone service annually instead of monthly, ends up being $17 a month after tax for unlimited with 5gb data, just Google search it there are many providers that offer annual plans
These people have no clue. The coffee "machine" used in the video, a classic Bialetti, is nowhere near the price tag shown at $500, more like $30 (www.bialetti.com/coffee/stovetop/moka-express-c-1_7_22.html?zenid=ah51upuj9205usk1g7maq8maj1 )
@@dominick6131 You still have to buy groceries even if you don't eat out. And how does one reduce their utilities?
I’m not rich or poor, just middle class.
middle class makes the world go around, with out middle class its middle-ages. a society whit just kings and peasants doesn't progress
I'm really poor, like I have only 50$. My parents don't give me money so I'm like that
I really don't know where I am..lol.
Video: "See you ne--"
*Ad begins to play.*
Video: "--xt time!"
*Video ends.*
Me: That might be the most pointless spot for an ad, ever.
🤣
So...
"My name is Rich, but I'm poor..."
But you drive a BMW haha.
O really
Hey Rich.. Poor here...
nevessl yeah but he's showing off with the logo on the DP. That makes him poor.
nevessl 🤣🤣🤣
It's not just these things, it's changing your whole mentality and playing the long game.
"what could you do to become rich?" Take calculated risks and live with the results. But taking those risks requires research, tenacity and focus in a world where people grow up glued to some digital screen and end up thinking like sheep.
They work hard and they spend money...no we work hard and we pay our bills. It just happens to take up all our money 😕
Jessie Cator then LOWER YOUR BILLS. For example Turn off the cable, get a cheaper phone, a cheaper but equally reliable car, a smaller apartment, stop eating out, make sacrifices on intangibles like entertainment (You’d be surprised how these smaller expenses add up over time).Network with people who are going places.
Not directing this at you personally but you get the point.
I made this change in my life and I regret not having this knowledge years ago. Hope this helps...
@@ikeben400 oh thank you but I'm 50 years old, we don't go out to eat or have a car, you see? Some of us aren't throwing money away, we just don't really have any. Phone is 4 years old, house is paid off. Cable - Netflix - no we're keeping that, got to have something you enjoy 🙂
Again - this wasn't directed at you personally but to most people who complain that the reason they can't save money is because of bills. Nevertheless, if you don't eat out or have a car and don't splurge AND your house if paid off - if you consider yourself poor: WHERE ARE THESE SO CALLED BILLS COMING FROM?
@@ikeben400 what do you mean this wasn't directed at me? You tagged me lol. Bills happen while you live, food kids power taxes water schools.
I didn't tag you - I replied to your comment in a general sense of things.
In the first reply I specifically mentioned "not directing this at you personally but you get the point..."
Then in the second reply I further elaborated "this wasn't directed at you personally but to most people who complain..."
What else would you have me say? If you find it offensive then I take back the comments.
P.S If you have paid off your house and only have utilities, food and school (a major investment) to worry about - YOU ARE NOT POOR
This video seems more like a "Expensive things that are cheaper in the long run" than the qualities self made rich people have that poor people make.
I just realised I am a poor person with an expensive taste and empty pockets😏
Evelyn Majola ummmm try to earn your money without relying on your parent’s money
Oof Mobile My 74yr old mom depends on what i EARN hence my empty pockets
Quality is more important not the price
That isn't the difference between rich and poor ppl
It's about the difference between proactive and average ppl
Davi Souza absolutamente !
Davi Souza correctly
Emma Money follows passion...
Emma Agreed. I’d rather have a job I would enjoy with perhaps not as great income compared to a job I despise but earns a lot. But money is also very important.
If you’re average, your income likely is. If you’re proactive (conscientious), you’re likely to have a higher income. Conscientiousness is the second biggest predictor of success after IQ.
The main difference between rich ppl and poor ppl is
*_money_*
“CONTENTMENT is the new RICHEST”
I have seen rich man where a 600 thousand dollar outfit the next month he got robbed
Conclusion don’t be a show off 👌🏽
*wear
This is ridiculous
You've clearly never been rich or poor
MAXIM EDITION nailed it
So is he saying that with a few fixes, all poor people can become rich?
MAXIM EDITION Says the middle class
Billy Moyet tree ur
I'm not rich and not poor enough but I can buy anything.
So according to this video, my family is rich..
maybe Yes maybe no, but anyway, this video is so pointless that it hurts my but
Lol same
Wait I'm not middle class ,I'm RICH according to this useless video
Same, OMG
Same here...
besides... *Ability is nothing without opportunity.* - Napoleon Bonaparte
D Kardashians spend a lot....I think it has to do with someone's personality...some ppl like flaunting while others don't
there whole business model is based on them spending
The Kardashians are internet influencers. Social media is their job which earns them money. 99% of people aren't influencers or celebs, weither they are rich or poor. So it is pretty pointless, dangerous and just weird for them to be flaunting their wealth on social media.
Poor people can't afford $1300 for a coffee machine. Yes you can save for a year but whose coffee would you be drinking in the meantime. Remember that you're talking about poor people not mid class
Matias Sebastian he said 1300 a year if u buy coffee every day coffee matches cost less than 500$
@@Bluntsssss exactly
This is not so right, because who are those who own the biggest houses in the world, the luxurious cars, the expensive jewelry, the first class flight tickets, the big schools, the flamboyant hotels etc This is to just let you know that the rich have a way of spending money extravagantly different from how average people do. Instead, these are the thought of economically rational people who are obviously not all rich . Some poor people do it too.
Nothing is right on this channel, this channel is a joke made to entertain little kids and adults with low IQs. Not even sure why this trash content is on my recommendations.
I’ve been seeing it coming on on mine as well 🧐 why!!? Why?!? Why?!???
You are right. The people on this channel have confused rich with well to do, who are people who are making a lot of money, let's say, $100,000 a year. Compared to someone who makes a million a year. Even then, people are different. One thing I have seen is those with new money tend to show it off, while those have had a lot for a long time, they tend to be very quiet about how they spend it.
How "rich" is defined is the contex that's missing in this video. The people you described are far and few between. This is talking about people who are in the hundreds of thousands, but still live around your area and live normal lives and can retire comfortably.
Okay I've watched the video and totally consider myself a poor person! What I think most of us have failed to grasp from the video is - those who spend extravagantly WITHOUT actual backup plan AND JUST FOR THE CAUSE TO SHOW OFF that they have money - are poor! Think of it this way, if you dont have an income to cover your expenses (extravagant spending, to be precisely) then how can you stay "rich"? True rich people spend 1 billion in a flash because they know it wont even put a dent on their net worth. They probably will earn a billion in next month or so (just an example). While people like me will read this on news article and blame fate/luck/govt etc lol.
Old money doesn't feel the need to be showy. New money can't wait to spend it like a lottery winner
I've been rich and poor monetarily in my life but I was always content, I've know many unhappy discontent rich people of all ages, they longed for power, the kind of power that comes with responsibility and headaches, I've also known poor people who were very down and out living on the streets, they needed money, some rich people can't get enough money, I've learned money doesn't buy happiness or contentment, but It does buy food and other things we need, money sure doesn't go very far today, it's expensive to live, esp for people with kids, if getting rich was easy everyone would be doing it, maybe it's easier and a lot less stressful to be content.
Congrats Bright Side on making over 4 million dollars through channel views! You are rich, but do you think like a rich person?
The difference between the Rich and Poor is that most Poor people understand what Hungry actually means! WE have fallen for the Envy and Jealousy,and Greed of Materialistic Values,rather than the caring,sharing and Love values!! That is why people are always playing " keep up with the Joneses" life! Being Rich or Poor is a state of inner self! Materials gathered,aren't as valuable as projecting Love for your Neighbors or your Fellow Man!!🤔👍🙏
T. Soprano, I understand what you mean because I am ill and born into a poor family.
However, ask ourselves; wil it be any better, if we keep reminding ourselves of the negative situations?
We are not our mind, we have the right to choose how and what we want to do. "If there is no doors of opportunity, we must open our own windows".
I understand your message of loving your neighbors but the way you put it makes rich people seem like they have narcissistic traits
Gr ;))
*Ability is nothing without opportunity.* - Napoleon Bonaparte
AMEN!!!
Good tips, for moving from middle to rich. However truth is, if you are truly poor you have to think differently. If you have five dollars to feed your family. A healthy meal cost 10, you must buy the cheap unhealthy options. Poor quality food can impair brain function and cause health issues. If you make 300 a week and your rent and utilities are 900, you are less likely to take financial risk if you have a family.
the thing is rich people don’t go crazy on spending a lot of money because they know they’ve worked really hard for it, they just spend on what’s necessary and on some treats. their kids are the ones most likely to go crazy on spending money
8th difference ::
If you are watching this video then you are poor....
Not poorer like u 😂
@@cyrusakrofi3358 someone got burn 🔥..... 😂
I m not poor
So you are poor, haroon?
Lol I’m rich
This video doesn't make any sense. "This is not the best financial investment and they don't have to prove anything." So buying yachts or planes or helicopters is a good investment? Or these assets are being bought by poor people just to look rich? And many many other things...
Rev I think you missed the point. Most millionaires live next door to you and you don't know it. They are frugal and have paid off cars and houses. I think you're thinking of rich people you've seen in movies?
Naomi, yup, i think you got it right, I think the majority of millionaires live in regular houses, drive regular cars, dress modestly, live quietly. But they worked hard, saved money, and invested wisely. By the time they retire, they will be secure.
Some rich people rent the yacht or helicopter to other people while they aren't using it to cover the cost. They would also use them while entertaining clients to give the client the impression that they made a lot of money so they would be good to do business with.
Just because they have 1 million in cash doesn't mean that they're rich.
I agree with your opinion.
well, according to this video, I'm very rich. Nevertheless, my bank account is not rich yet.....
Fermain Jackson I invest an Jesus the greatest that way I rich
even if you have mentality of rich person, doesn't mean you can become rich the video gives nice tips, but its for everyone remember only 1% of population is rich, rest of 99% is poor. It just matters how poor you are, if you're person knows how manage your money, make enough, don't worry about debt then you're basically rich to most common person.
+Victor Holmes Amen, Brother.
Lol..
@@kyotheman69 .. g.s2 2 , but
I think my mentality is the rich person one. My parents taught me from an early age to manage my own pocket money, and I only spend when I have to or if I can finally afford something that I've been saving up for. I can actually relate to many of those mind sets. I'm not rich, though. Neither rich nor poor. I live with my parents, and still in school. I watched this video out of curiosity about whatever it was. Less people in my country are either rich or poor.
If me, I like to buy a durable item. The higher the quality the more durable it is. The more durable the item, the less money you spend and less effort to shop. :D
I think this was made by a rich person talking about the middle class. Poor people can't get a credit card. Poor people hardly can buy enough clothes for a week from Wal-Mart, much less buy high end clothes they can't afford. Poor people manage their money quite well when they have it. I've been known to stretch a dime. Poor people can't afford to follow fashion trends or invest money. Rich people tend to own their homes outright whereas, poor people pay ridiculous rents for a hole in the wall. Lets face it, rent takes over half of most of our salaries. Poor people are many times underemployed. No benefits of any kind or PTO. The rich usually have amazing insurance. Yes they have to pay for it but, they can also afford to pay for it. Sometimes, the poor remain poor because they are not willing to cross certain moral or ethical lines to become rich. That's not to say all rich people are immoral or unethical but, when you're at the bottom, some will behave badly to change their situation. There is a much broader dynamic than this even understands.
Yes. And he THINKS the middle class is THE POOR, because he is JUST THAT DENSE AND INSULATED!
I agree totally with your comment abut the rich and MORALS! As a retired Lawyer, I saw MANY A CROOKED LAWYER get rich, while honest lawyers made a decent wage and got stiffed by their clients!
Karen Thorne I know a few poor people who crossed that ethical barrier. I saw a few poor women steal older wealthier married men from their wives, or at least try.
Middle class people can still be rich
I am middle class and I am definitely not poor
This video makes people believe, that it's basically your own fault, if you are poor, because it insinuates poor people having a weak charakter or not knowing "how to handle" money. However the people who made this video or rich people, who obivously think spending 100$ for a pair of jeans is considered as "poor", have absolutally no clue about what it's like to actually be poor. It's not about having no money for your daily cup of coffee. That's ridiculous. There are a lot of things in life you don't have ANY controll of, that can lead you into poverty from one day to another. For example a chronic or deadly disease or an heavy accident- just to mention two of many reasons. So if this people think poverty is about spending 100$ for your jeans, I hope they will never experience what poverty is really like. It's more about "how do I literally survive next month" and constant fear.
Thank you
If i spent thounds of dollars on a stove or shower that I cannot afford, I most definitely will be dirt poor. Your words are well written in truth.
mizzmolly. Not true. Some people get opportunities and can exploit them, but for many others the opportunities are not there. Many people, do not earn enough to meet their basic needs or they do take a risk to start a business that does not succeed, and are left with a huge debt that puts them behind further. Our culture only highlights stories of success. You don’t hear the stories of those who tried, but did not succeed.
brontewcat - You studied Library Sciences or Journalism, the internet wipes out demand for your skills. Even worse if you owe on student loans. You marry and have a couple kids, your partner dies without insurance (they had been a Journalist and got let go). You study Social Services and the economy tanks, government cuts down on social services spending, therefore no jobs. You work in the pulp and paper industry, the internet wipes that out. You build cars and the jobs move out of the country. A family member has a preexisting condition and becomes ill. A family member is falsely accused of a crime. I hated this video it did seem to be blaming people for not being wealthy, for not having the right mindset. I understand that LED bulbs last longer, but if I only have a dollar and no light, I guess I'll have to buy the cheaper bulb.
So is ok to spend a 100 on jeans? I feel better now. Thank you I meant it.
Judging by the comments this video struck a raw nerve with some viewers.
Omg this makes my life changed. And my mentality and point of view changed. Thankyou so much bright side.
Hope you have many contents like these 😍🤩🤗 i love you bright side and bright siders 😘💕💕💕
Rich people have more money, there you go.
Who said rich people don't show off. I have a friend who keeps posting Instagram stories of high class restaurants and another who keeps sending snaps of each of her 7 dogs
He said most,not all.
David, what is Wong with you? Your comment is nonsensical.
Then if the video is to be believed, your friend is not truly rich - just trying to look like she is.
Of course, this doesn't account for people like the President, who do nothing with their wealth but flaunt it. But then again, although Trump is definitely rich, he's nowhere near as rich as he claims to be - so maybe it's sort of the same principle.
They were talking about the people with the rich mindset and who work to become rich every single second while your snap mates are the people born to a wealthy family. Those kind of people are just to show off and nothing else. Got it?
@@aleedaditya Most rich people show off. It starts with their cars.
In most cases, rich people has a rich daddy
欲言又止. True dat
Ya
Facts
Many rich people actually started out very poor. Some even homeless.
Nope. Not even close. A 2017 study by Fidelity Investments found 88% of millionaires to be "self-made". Another study by Dr. Thomas Stanley (author of Millionaire Next Door) found 20% of millionaires inherited their wealth and 80% started with nothing.
Nice and cool can't always be rich people it depends on heart. You can't tell if someone is good just because they are cool or rich, it depends on heart.
If I needed some new jeans, I would just go to a thrift store and spend $6 on a nice pair instead of $100.
Nocturnal X right $100 is a crazy price to me and $1000 like they mentioned is just insane and complete stupidity
they all look the same to me
This isn’t for the for the poverty level poor this is for the middle class poor whom have the money to invest
Sub to sub
Nocturnal than that's more sensible I think...then u must be the richest
Wow....so I should spend $100 instead of $1,000 on a pair of jeans? Dude, $100 is just about double my annual clothing budget.
It appears you have visited the gentrified version of Poverty. You'd not like MY side of the tracks.
I got a pair of skinny jeans for $20.
I just buy 1 shoes 1 jeans and one watch and shert for 100$😂😂😂
even got a pair of off-white ones in size 8.5
So, I paid $20 for some jeans and like $95 for 6 items at a thrift store. I also have the coffee maker for $100. I cut everyone’s hair, including the dogs. I kinda think there’s more to this than just being rich and poor.
I only buy something expensive clothe wise if I know I’ll use it for a long time as I want it to be durable and pay its price.
It should not be diferences between Rich people and Poor people , but , Successful people and not so successful people
and let's be honest, these are the things our mother's once told us at least my mom.
Even the phrase "It will be a success because I will make it a success"
Define success, there are many different aspects to a 'successful life'. The extremely 'wealthy' people I know are not content because they worry about losing their wealth.
This is opposite in Nepal
$100 for a pair of jeans?? If I had a hundred dollars. I'd put it towards my rent or 'splurge' on extra groceries instead . Please....
Yeeeeessssss
ikr? im in the middle class and i dont even own a $100 pair of jeans.
A 20$ jeans does the job just fine.
@@JoeDirtisawsome lol? you using some 50€ jeans (plastic bags) then XD
If I had 100 hundred dallors ill give to my family or save it for just in case or if I need something like clothes or my cat has to go the very or something or medication that I probably need just in case who knows when you need some money
You still have to buy the coffee to put in the machine
My experience with "Rich People" is they can take advantage of creating businesses, having at least 2 sets of books & use tax loopholes to avoid paying as much tax as possible.
They don't face their problems, they pass them on to others to solve or to blame for their own short comings & mismanagement.
This video should also be called "7 ways to comfort yourself for being poor"
Kent Yip ow well😂
Let’s be honest. Like most rich people they make their money the old fashioned way.. THEY INHERIT IT.
Sub to sub
Factually, that is not true. Its the mantra of those who don't want to sacrifice and work harder than average to succeed.
So true sir
Only something like 10% of millionaire inherited their money.
Scott Laxon actually 45% and those are the richest mostly
Who is watching with no socks on :)
shaunfitz99 me
shaunfitz99 me
i'm wearing sandals, so me
No sock squad allll day!! Lol
Tf?
Seems to me, a rich mindset is basically a winner's mindset - and yes it makes sense.
Why would I subscribe BEFORE watching your video ????
I will never understand people and their desperation in fashion trends.
$500 for a coffee machine? Are you crazy?
Simple solution, just buy the cheap instant coffee and use a tea kettle. No need for fancy creamers and others.
Stove top espresso makers can be found for $100, and they can make some great coffee.
come to Bangladesh...test the coffe...it will not worth more than 1 dollar :v even somewhere less than that :v
So if u have a supreme shirt and Gucci shoes and Gucci pant and belt with ur wallet full of money and u have a lambo mansion or better means ur poor and ur credit card is worth more than a fortune🤔🤔🤔
Lol he said the rich don't feel the need to flex and don't if that ain't the biggest lie I've ever heard XD
"Old money" rich is probably what he's referring too because" new money" rich shows off a lot.
Ikr
I beg to differ. Rich people spend their money on big houses, boats, planes ect. While poor people struggle to get food. Poor people can’t afford college or have the money to invest. People can’t always afford to just invest money they might loose cause they have families to pay for. And most of these like the glass and stove ect. Poor people usually rent they have no choice what goes into their home. You need money to make money. my whole family has been broke they aren’t in debt they just don’t have extra. We budget, work hard, don’t spend money aimlessly or just cause it’s there. We work get a pay check get food pay bills buy necessities and that’s it lucky if there’s extra. I’m not saying this is always the fact but making a video making it sound like poor people are lazy idiots and that’s why they are poor is very offensive I’m sure to many People.Especially to the ones that try and yet don’t magically become rich.
You are right. I agree with the video, but it starts from a point where people already have something. It doesn't take really poor people into account, although I think it's a wonderful video. A lot of people don't have any kind of financial education and they give some good general rules to start thinking about the way you deal with money. But it's always good to have a little bit of perspective, for some people it's not possible to have any kind of extra money:)
You need to do some research into the typical millionaire . You'd be surprised how they live .
Because they have a family to take care of? That's the biggest excuse ever. how about you get your s*** together before you start producing children? The rich people don't buy boats. Poor people buy boats. most millionaires wouldn't get anywhere near a boat because they're extremely wasteful
excuses excuses... that's why poor people stay poor - they always have excuses for everything. you are the reason why you are poor - you are your worst enemy. sooner you will accept it, sooner life will start changing.
look around, its 21st century, do you really want to say that you are much dumber than that 15yo boy who made a million online? seriously?
It depends on the country you live in. I know families with just one kid and extremely poor. And they try hard The opportunities are not the same , John . That's a fact!
Point 5 to point 1, agreed 💯! I think the reason some of us dislike this is because it struck a nerve. When I observe my rich friends vs the not so rich ones...I see the difference. At the end of the day it boils down to your mentality. We don't need as much as we are brainwashed to think we do. Minimalism all the way. 😏
I always save my pocket money ..spend less everyday almost never spend and it seriously helps
Chuckle and true! We are very comfortably retired and the path here was planning and managing our resources NOT because we earned 6 digit incomes! Even now I will spend no more than $40 on a pair of shoes and the wife is a coupon shopper. We do not carry a balance (pay interest) on credit cards and we buy clean low mileage cars cash (again no interest payments). We make a country club home a few minutes from the Gulf Coast and I drive a Benz. We travel, spend more time in restaurants than we should, and live like royalty on $60,000 a year (twice what we need). It is 4th. grade arithmetic NOT calculus!
I feel like this video is from a perspective of a rich person trying to prove why their so smart and they do not understand a poor persons perspective..... 👎
Yes, because there has been not a single poor person who used these methods and crawled their way up
Ruka Pacifista If you use one person as an example of something to describe them all, then everything is chaos.
exactly
Yep
Laws of mathematics prevent everyone to be rich at the same time.
That's bullcrap rich people spend shitload of money on suits 1000s
Crispis Gamer NO!Only hype icons do that (like rice gum lilpump )and others
Real rich and successful businessmen think economically,but that doesn’t mean that they can’t treat themselves from time to time
You never hear a poor person having to file for bankruptcy. Thats rich people problems. How often do you hear poor people getting audited by the IRS? Never. I dont fully agree with this video. All rich people dont think smart when it comes to money
Bill gates don’t wear Gucci 😂
Suits are an extremely useful and versatile clothing item. On top of the fact that they are more necessary in higher circles. Also $1000 is just breaking the barrier of a “good suit”. Jeans are a completely different story. Professionalism > fashion
LOLOLOL-this-sounds-like-a-sales-pitch-for-the-makers-of-these-things
I pay $10-$20 for a pair of jeans at KMART and perfectly happy with them. You don't need a coffee machine to make your own coffee, a $5 cravat and coffee filters (look at COSTCO) and tea kettle is all the equipment you need. Buy quality coffee in smaller amounts to have fresher coffee.
You might look into a good water filter system to get good water as opposed to buying bottled water.
The top 3 categories are too vague to understand or to put to practical use. I know people who take risks and lose badly.
I always shop smart, but I wouldn't say I'm rich! At best I'd consider myself living a rich life! 😃
Me too!!
hapwn yours is one of the only nice comments in the entire comment section. People are so bitter.
I'm poor
Campbell Quirk you should try acquiring a trade.
Answers as per Karl Marx : -
1. Rich people don't try to show off their wealth is false and propaganda.
2. Only rich people follow blindly the latest fashion trend.
3. Poor people wear trendy cloths because trends are set by garment companies of rich people.
4. Rich people invest money in certain expensive items because poor people priorities are different.
5. Rich people know how to manage their money. Its because they have surplus money.
6. "Rich people choose to face their fears to become a more successful and powerful individual"-- This is called vicious cycle of capitalism.
Because Marx is totally a smart guy who didn't lead to the death of millions of people: www.usatoday.com/story/opinion/2018/05/05/karl-marx-communism-death-column/578000002/
You might as well blame Einstein for Hiroshima by that logic. Marx wrote a few books highlighting the negative aspects of Capitalism and you're going to blame him for the death of millions?? lol, you're a joke.
stephan dijk That statement goes to show you how little your average person knows about Marxism. Karl Marx never said "Let's Implement communism"
Karl Marx actually said that capitalism followed by Democratic socialism followed by socialism... were all necessary stages in The evolutionary timeline for Humanity, before communism.
I so agree with you!
myblueandme Thanks from France camarade !
This went from a decent video to an ad about how to save energy real quick
Even though some of the examples are a bit extreme, this video was very informative.
The making of this video is unaware of the fact that the poor cannot afford to buy often so they go for something that would last long. He must be some fool. He don't know how it feels like to be poor. He think poor people show off and the rich did just the opposite. He dont know how most of the rich show off and corrupt and cheat people. Rich people often are misers, they don't give and if they give they want it to be acknowledged while the poor man just give and forget it. I think I can contradict every point he mentions here. One last thing how can he think the poor dont see opportunities. They see lots of opportunities taken away by the rich. The poor people usually cannot take risk because he has nothing if he loss while the rich doesn't care even if he just throw away thousands of money or anything so he take risk like its a game. If he wins its better but even if he lost he is still alright with it.
I think some people, manybe including this man who made the video are born to criticise and compare without doing reality check.
Not necessarily a fool at all.
Ngam Goimei I dont agree with this guy but dude you are even bigger fool
Rich people create business which in turn give other people job opportunities. Rich people often own property portfolios which also provide housing for others. Rich people are often problem solvers, hence the reason why society rewards them accordingly. A lot of rich people also give to charity, like Bill Gates and Warren Buffet. I’d like to remind you that the most philanthropic person in history Mother Theresa was actually a billionaire. Being angry with people more fortunate than you will not improve your situation, if you want your life to improve you have to learn to express gratitude for the things that you already have. Educate your self, and become useful to those around you. Stop being angry. Be grateful for today. God bless you.
Summarize--your too wordy!
I don’t know man. Where I’m from, we have some poor people buying designer clothes they can’t afford not because they’ll last long but because they want to brag about having designers. I personally know of someone who borrowed money to have her hair done instead for paying for her tuition. I think they do it because they want to temporarily feel good, given that their life situation sucks.
will that coffee machine work without milk, coffee powder, sugar. what about that money
let's see: one pound of coffee makes 48 six ounce cups or 34 eight ounce cups for about $.27 per cup the lest you will pay at MacDonald is $1.00 and at Starbucks is $2.10. one LB of sugar is 190 tea spoons and you can get 240 tea spoons from a quart of milk. so you tell me what is the better buy?If you don't have a coffee maker then check out thrift shops before going to Walmart
@@stephenodell4280 true true
I dont think a coffee machine and a light bulb is the MAIN diffrences between rich and poor people. But rather mindset, educations, goals, ambitions and motivation
The maker was actually talking about the people who doesn't really have any financial difficulties with the basic needs. May have enough potential to go big with resources they have but can't because of their habits. The upper middle class people. They are not reach but they are not truly poor too. I can relate to this video because I too am like that. I was born in a upper middle class family and I still am a upper middle class person. And I do have those habits which now, I really feel like changing. I don't know how much could, coz it's really difficult for me to do so. I will try my best.