Why LOOKING Poor Is Important
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- Опубликовано: 26 апр 2024
- This is why looking poor is actually a good thing. The first 500 people to use my link will get a 1 month free trial of Skillshare skl.sh/gabebult04241
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The site REQUIRES your credit card number to access the free month. Unless you're ready to commit to pay 29 euros per month, FORGET ABOUT IT. The WORST financial advice is to give out your bank details all over the place because these schemes are impossible to cancel. What a scam. This is not a gift. It's a nightmare.
*Due to an accident of history, I was pretty well off in the 1980s. "Well Off" in this context means I was making around $160k in 1985, which is over $425k today, and I was (and still am) living in one of the lowest cost of living States, which was less than half of my original home in NYC.*
*I realized fairly quickly that while I wasn't making any attempt to look any particular way, I was immediately spotted as "upper class" by public facing salespeople (like clothing, cars, etc.). This ended up costing me a small fortune, despite living in one of the cheapest places in the country! The giveaways were (I'm told) my watch, and my shoes. I didn't dress any differently than most of the people I knew, but my $10k watch (which was both a gift, and thin, black, and to me looked like a slightly upgraded Timex) was a dead giveaway. Same for my $400 shoes: I have huge (triple-E) feet, and being on my feet for most of every day, made me very interested in comfort. I found a pair of shoes at a store which was in the last stages of everything-must-go bankruptcy: because of the unusual size, they were just sitting there, with a $75 sticker on them. The **_instant_** they touched my feet I was **_sold!_** When I needed to replace them I discovered what they cost in the real world, and I was shocked! Sales people had been looking at those shoes and **_absolutely_** knew what they were worth, and acted accordingly.*
*Only after I realized what was happening, and went out of my way to hide it, did my finances restore to what I was used to. I had been unintentionally advertising my "wealth", and it was adding around 30% to my daily life. After I went back to low end everything when I was shopping, did things improve. And the attitude of the people I was dealing with also went off the scale in friendlier attention. Totally worth it - HIGHLY recommended!*
you are adorable
My youngest son bought me a fridge magnet when he was in elementary school, it said The most important things in life aren’t things. One of the best gifts I’ve ever gotten, it is still on my fridge and he is 45 years old. I pretty much live my life that way❤
Beautiful 💚🌿
Elementry? 45 years old? WTH!!! How old are you on here. Damn!
Healthy, and wise ❤
@@flexxwilliamz514
Im a young heart of 71 years😊
That’s so awesome man, I’d like some kids one day, Lord willing
please note guys, he's mainly talking to the middle class citizens. if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle not by choice.he's talking to those who have a decent income and live a decently comfortable life who probably aren't happy with their middle class life and buy bs to make themselves feel better, not that they need it.
Not necessarily. I'm the working poor, and yet, I still manage to save. KNOWING the difference between Want and Need is vital to this.
" if your poor as in you have to travel 3 hours via bus to go to work, more than likely you already live a minimalistic lifestyle"
I have yet to run into someone that is in that state that you describe, but those that I have known that claimed to be poor or never have enough money have ALWAYS had significant cash-flow leakage. Could be a smart phone and data plan. Could be highspeed internet at home, cable / sat TV, trying to live alone rather than roommates until they can get their act together. Beers with the guys a couple nights per week after work. Some smoked. Poor food purchasing habits, drive-thru lunch rather than brown bagging it. Being the first to clock out at the end of the day and the last one to volunteer for overtime when offered. And, lastly, not redirecting some of their in APP purchase dollars, smokes money, etc on ways to acquire skills or pay off debt for those that had it.
You have a point, but on another side there are those who don't make alot of money yet still make do, have no debt and are wise with the little they have. Alot of people are poorer because of the backwards priorities.
Poor Rich, middle class people make bad choices too.
@@mjs28sI was that poor for a couple of months. Had to walk 2 hours to work every day and hope I could get a ride home from the manager. Only food I had was the employee meals from my job and all my money went to bills. Those people do exist and it’s important to recognize that they may not have or know of any resources for themselves. However I do agree with you that a lot of people could be spending their money more wisely. That time period showed me how little money I needed to get by though, which I do appreciate.
When I was younger, we had a family friend who was very wealthy-they owned around 20 cars. Despite their wealth, they were kind and down-to-earth, which is why they had friends like us. However, when we hung out with them, it felt uncomfortable. People treated them differently, assuming we were equally rich just because we were with them. This made me realize how challenging it must be for them to find true friends. Others would take advantage of their money, which was disheartening.
Later, when I got a decent job and bought a new car, people started treating me differently too. They assumed I was living a happier life. Unfortunately, many approached me only to discuss material things, which left me feeling lonely. So, I intentionally simplified my life and dressed more modestly. Surprisingly, I found more genuine friends after that. 🌟
Wow!
Your pronounce use is so cringe
Hope your still in touch with the old family friend. True friends are rare.
Exactly!! It sucks to have the paparazzi after you all the time like that and where are the REAL friends? That’s why I do the same.
Where I live you can't fill your own tank at gas station and people that work there always seemed kind of distant and apathetic, these are usually low paying jobs and workers are generally from poor background. Then I bought a low cc motorcycle, which is a much more affordable vehicle, it's very noticeable the difference in treatment, they see you like equal and smile more and even start conversations ocasionally.
I have found that ‘looking poor’ also helps in a lot of scenarios! People tend to leave me alone a lot more…kind of weird.
Interesting. I have gotten harassed and had security called on me.
@@TheCharlieH haha couldn’t help but laugh at that! But yes it works for me. I’m in Australia maybe we just look that way anyway lol.
@@TheCharlieH There's a fine line, but generally speaking a clean hoodie and jeans that stay up, shoes that fit your feet, a recently trimmed neck...they all add up to someone who can afford soap and has a place to clean himself up. Also, the odor thing...u can lose a lot of 'points' for that. Def' no fan of Bill Gates, but I always admired his wardrobe...same as a lot of ne'er-do-wells, only cleaner. This is how the truly wealthy that I've met usually dress. They don't bother to try and impress.
Yeah for me it doesn't work. I make an effort to dress nicely and well groomed. I get better treatment, I even get a pass from racists and elitists because I look "proper".
We call it stealth wealth - you don't want to attract thieves. My daily dress includes a stained t-shirt and work pants with holes in them as I often am working on a project - house or classic sports car restorations. Though we saved millions and retired mid-fifties. I often look poorer than the contractors at the local hardware stores.
There is an emotional maturity to knowing you are wealthy, versus trying to make others think you are.
True wealth should last, money talks, and wealth whispers. It's the random hints that yeah I can do that actually shows wealth.
No. Character determines emotional maturity, not wealth. If you possesed ennough knowledge, you'd know that is fact.
It would be accurate if you stated that having no need to let others know you are wealthy *may* be a sign of emotional maturity. Again, that statement is true because CHARACTER determines this, not wealth.
Some (not all) billionaires are the most emotionally immature, narcissistic, giant-raging-adult-toddlers you will ever meet. They are, in fact,so emotionally immature that they had to go to work for themselves because the lack the emotionaly intelligence to have a boss or even a board of directors they don't control like a puppet master.
...and yes, I worked for one billionaire who was the exact opposite of that. He was self-made, had a good moral compass, lived in the same small town where he grew up and went to college, acquired and sold many businesses he built up along the way, and although he had a good-sized private jet and a Jag X-12 way back in 1988 before those things became more widely known to be the true indication of generational wealth, he was a fairly humble man.
He still works to this day, now owns and breeds race horses (as a hobby), and he's respected in his communnity but you will never, ever seen his name on any of the most wealthy individuals, despite being one of them.
@@le_th_ I’m talking about the wealth that last generations, this is the sort of wealth you hear about in conspiracy theories because it’s indistinguishable from the financial system itself. To preserve that wealth one must adopt the kingsman mindset of reputation is what others think of you, character is who you are.
@@le_th_chuck fipke?
@@le_th_ I don't think the original poster is saying that emotional maturity is determined by wealth. I think they're saying that how someone handles their wealth (or lack thereof) can be a strong indication of their level of emotional maturity and their character.
A multi-millionaire who insists on displaying their wealth for recognition is just as emotionally immature as a poor person who blames everyone else for their predicament.
Amen. Some people refuse to pay for good food, but will pay for a new car every two yrs. Just to say …I am driving…
I have a 2012 chevy cruze that's paid for with 80k miles. Hoping to drive it to 160k miles. I've had it for 8 years (I moved close to my job so I walk to work with has been great in preserving my car too). I started investing late but I think I'll be caught up soon!
Just ask Google is there any sawdust in flour.. and ask is there any sawdust in cereal.. and ask is there any sawdust in bread ? And ask if there is sawdust in the capsule that you are using for your medicine You will be shocked. Also Tide powdered sosp..saw dust..only eat food that could rot..like vegetables..fruit..
I have just learned that a cucumber a day not an Apple is what you need for optimum health and do not eat iceberg lettuce..It hasn't got nutrition .buy romaine lettuce for your eyes. Not carrots .ask an opthalmologist..BUY HEALTHY FOOD not expensive cars
@@Joce123 ?
My car is 2009, still runs perfectly, it issues and one of my friends said it is time for a new car 😬
This is one of the biggest reasons I’m single. I haven’t found anyone who thinks this way. Being on the same page financially is crucial for a successful relationship.
And finding a good spouse is critical to getting wealthy.
It's common for people to first fall in love, and then develop a life strategy as you plan your future together. I wouldn't limit your search otions to only people who already have it figured out. You'd be limiting your options down to less than 1%.
@@patty109109 I'd say it's more important to avoid a bad spouse... XD
@@nomadspiritvids In my case, I'd be lucky if I were compatible with 1%. The wrong partner could ruin my little financially stable world...
...I think I'd rather just deal with loneliness. :)
@@nomadspiritvids even poor person can setup a mindset to save. It's not about finding a person who already got it all settled.
I feel so satisfied sitting in my kitchen, caramelizing onions in a pot with my dog by my side and also drinking a beer. I imagine it’s the exact same shit my little Hungarian grandmother did when she was my age.
Try brewing your own beer. You'll save a fortune and probably make a better brew at the same time.
It's smart to look poor and be rich. Nobody has to know.. 🤫
Where I live, it can actually save your life.
Unfortunately, in this day and age of Instagram and social media, everybody wants to show that they are rich.
People then won't expect you to endlessly "help" them financially. Don't look wealthy; look OK. People who otherwise will want to take from you if they think you're wealthy will leave you alone.
Looking “poor” is the reason I sold all my luxury handbags. After the pandemic, I no longer care for logos.
Why did it take until the pandemic?
@@SevenEllen this has become an interesting thing within the handbag market in general. Certain handbags just aren't selling like they did pre-pandemic. We're seeing this on several sides of the handbag market from the Birkins down to the even Coach bags. Not saying people are grabbing their bags from Walmart but there's definitely a shift in handbag market that's still churning. It'll be interesting to see how that plays out because generally the handbag market signals other downstream changes in the luxury market.
@@andreapayneconnally390It’s not safe to carry a purse right now, especially a nice one.
@@SevenEllenMaybe because a lot of people lost their lives and this person recognized that material possessions aren't as important as like itself. Unfortunately sometimes it takes a catastrophic event for us to realize just how fragile life is.
Note caring for logos allowed me to save so much and put the difference towards my savings. Black T-shirt and jeans all the way ... Nice one @sct4040!! 👏
“Whatever the 78% are doing - I don’t want to do that!” 🤣 True!
That's like almost everyone you know lol
As my dad used to say ...... most of the people are wrong most of the time so don't follow the crowd unless you want to fail.
This has essentially been my mantra for all my life. Whether it means passing on soda, settling for 2 weeks vacation a year, creating my own style or predictions like next President or the stock market, it has worked extremely well for me.
I don't like making payments. 20 yrs old car, paid off house, 10+ year old clothing (mostly pajamas and hoodies) and a 8 year old phone.
I live the same way! Next year I'll be able to get an antique license plate/tag for my car. I bought it over 7 yrs ago for $1,500 cash. It was in a pile-up (both bumpers cracked) and had a rebuilt title. I don't care! Most dependable car I've ever owned.
Finally paid off my house a couple years ago, and it's a good thing because my husband is sick so if we had a house note right now we wouldn't be able to make it. The only clothing I buy new is socks and underwear. Everything else I own is from thrift stores.
I only buy what I absolutely need and have the cash to pay for.
Interest=Poor Person Tax. When people spend a lot of money they don't actually have (payment plans), the interest works to keep them in debt and poor forever.
@@JamieM470 Love it!
Hopefully you're using the money saved on those bills to build compounding interest!
are we twins. The only thing is that facebook memories keep popping up with me wearing what I'm currently wearing
Highschool time hoodies here. I'm 33 now.... They simply are comfortable and sturdy what can i do??
Wow, do I hate payments...
2005 Lexus sedan...bought used less than 40K miles...paid cash...keep it in good shape.
iphone 8
Mint mobile pre-purchased 6 months at a time
Would love a gym membership, but won't sign a contract
pay my credit card off every month
I won't even pay for Netflix monthly
I do have to pay monthly for my office and internet, though. lol
Ian fortunate enough to be a multimillionaire. I drive an older Toyota Camry, and Tacoma truck.
I use a Britta filter and don’t buy water, because of the California CRV fees.
I never lend people money although I give it away to friends and family who are deserving of it. My Lady is a phenomenal cook, so we always dine in most the time.
I only spend on things that hold or increase in value. 100% debt free including the house. Save 90% of my income and I was still able to retire young. Now I just manage my finances.
Ian ?.
Truth ... my mom said I look homeless = priceless for me
The highest of compliments! LOL
As long as you dont smell homeless, you're golden!
Same
If she tells you that again, be sure to tell her, "Thank you, I had stellar parenting." ; ) lol
Looking homeless means you look unkept and likely coming off of a drug high or being passed out and probably pissed yourself. Looking plain or poor doesn't mean homeless.
Is funny how when you reach a certain level of savings and income the less stuff cars or homes you want to have and the more you don’t care about impressing. I am glad to have reached that point in life.
You are so right
I mean I want multiple homes, but it's not to impress anyone it's to rent them out and have a place to crash when abroad.
thank you for helping me reach dyslexia
Practicing contentment has been my favorite thing to do.
It's great
@@GabeBultyou Americans say Like wayyyyy too much
I had to like, “like” your comment 😉
@@DeborahThird-og1uo 😆
Gratitude is so key. Just one example - a 10 year old well-maintained Honda is genuinely a technical marvel. Designed and refined over decades by the brightest people. A supreme luxury for most in the world, and just a 100 years ago would be beyond any King and entirely unimaginable to even Julius Ceasar or Mansa Musa. We live in such opulence.
True! Even poor people in US for most part live better than kings used to.
My new Honda is 16 now. Bought it new, love it, and no other car could replace it. Had a Civic that made it to 23 before it went to a new home.
@@silentnot4812 Hondas and VWs - the thinking man's car
Spoken like a person who never had a chauffered horse pulled carriage with gas lights.
My Honda is 20 years old this year!
Couldn’t agree more! All of it!
Retired at 55! Living simple frugal life-it works!
That’s awesome, congrats 🍾
I retired early. If I knew what I know now. I downsize every thing. My life is so❤ much better for it.
That's great! Congrats!
My wife and I have been living a relatively frugal lifestyle so we can aggressively save for comfortable lifestyle in retirement. We've enjoyed living this way for so long that we've realized a lower consumption lifestyle *IS* the comfortable retirement we want. This has greatly reduced our target retirement savings enabling us to retire earlier than planned.
What a wonderful epiphany.
not wanting to get into your personal life, but I'm 58 and can't retire because of the whole health insurance thing.
How are you taking care of that?
@@frankprit3320 Us Canadians have health care provided as part of our taxation. Hospital or doctor visits are no concern to us. I retired at 54.
Its not living like poor... It's living below your means
Millionaire next door principles right here! Yes!! If it works, I don’t want a new/bigger one. The best thing you can buy is peace of mind ❤
I think the best thing you can buy is good health, but peace of mind is definitely worth the investment.
@@le_th_ very well said❤
Yes "Millionaire Next Door" book was one of the best books I have ever read.
I had rich "friends" growing up, some acted like you were beneath them. When you become an adult you realize you were the lucky one because that' s where they found their value.
I found as an adult the truly rich don't boast about paying their bills on time and are quite humble serving others.
... some acted like I was beneath them. When I became an adult I realized I was the lucky one.....
So wise! I used to feel self conscious about outfit repeating, like “oh I wore this to church already two weeks ago, I can’t wear it again.” But… I like the outfit! And I don’t remember what other people wore two weeks ago so they probably won’t remember what I wore! That helped clear my closet out a lot because I was holding on to outfits that I didn’t really like but would have just to avoid the repetition.
I love decluttering and the older I get, the less junk I want. If that means I don’t decorate seasonally, that’s fine. (Still decorating for Christmas though! Just not going overboard)
My husband and I have way less impressive things than some of our friends. But they’re in debt and we’re not. We have more saved and work way less. I honestly feel richer than them even though it may not look it on the outside!
The who concept of women having to never wear the same thing is insane
Not buying the Tesla anymore? 😊
@@ElizabethMBoyd friend, I tell myself that every time I get dressed lol 😂
That is so true with clothes.. I remember when I was much younger I had a accident on my clothes at work, my mother in law brought me a different outfit over lunch to change in to.. not one person even noticed that I had a different outfit on the same day. Anna In Ohio
Many people equate “stuff” with Net Worth, vastly different things
Great points. Perhaps looking neither rich or poor is best. Look healthy and like you care about your things.
I agree. Looking fit, healthy, and like you take care of yourself and whatever *things* you may have.
Great points (user avatar checks out).
Like a forest fire that wipes out the old trees to make room for new growth, bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
There’s much uncertainty now, my question is what stocks can be the next wave in terms of growth for the next decade?
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple months, I've made over $850k from initially $210K
I do not really know a lot about the market, but based on what little understanding I do have of supply and demand in the economy, now is the best time to enter the market. The only thing preventing me, however, are the steady price fluctuations, which shouldn't be a problem. However, I really need an advisor, can yours help?
I work with Jennifer Lea Jenson, a licensed fiduciary. Simply look up the name. The information you need to work with a letter to schedule an appointment would be included.
SCAM ALERT!
Health, connection, community, a purpose, food and shelter. The rest is frivolous.
Security?
There's an element of buying quality items thst will last and look good for a long time. Money really unlocks a lot of efficiencies.
and the look and feel of old leather. Beautiful. 100% cotton sheets and shirts. Wool sweaters, brass zippers An old gold watch, a good quality belt. Lovely aroma when the sun hits any of these. Yes, u can smell old quality items.
Very right here. I have a net worth over $2.5 million yet I drive a car with 200k miles and live in a 3 bedroom home. I owe zero money and now loan others money for real estate investment. But people see me with my citizen watch and boring clothes and think I’m a struggling 40 something. Couldn’t be farther from the truth.
You're living my dream! Awesome
And your point is?
@@TInax-oo6mv Don't judge a book by its cover
You didn't generalize, about many people who don't exhibit their wealth but still have it, you wrote about yourself, which appears pompous and egotistical.
Instead of yachting or traveling with your great wealth, you're right here watching RUclips videos and commenting like the common person. Great cover ! Yeah, right
Great work! I agree ! I also believe that it doesn’t cost much to look classic and put together and cleanliness goes a long way. I raised 13 kids and I think we did pretty good on a low budget . We didn’t have fancy cars or house but I knew the whole time it was a trade off . The memories are priceless.
Been saying this for years, go to an upscale neighborhood on a Saturday morning to see everybody slumming it while picking up their bagels and lox, then go to a bad neighborhood to see everyone dressed to the nines waiting for the local bus🤣🤣🤣
If you're working poor, you don't have the privilege to dress poorly.
So many jobs *require* this level of dress to be hired.
One temp job wanted me to wear fancier clothes than they were paying me - literally, my paycheck at maximum would be $300 a week while clothes for that job would have cost several times as much. They wanted me to commute in heels. Heels! I was commuting into the city on the bus, with a mile hike to get to it from home. In the rain, in PDX. They called my $200 shiny black ACGs 'combat boots' - and this was before Nike had the US contract for combat boots.
@@CrissaKentavr My early employment history was factory work in which I was issued uniforms I would have to maintain, later my government job was also uniformed but I could get changed at work. For a time our only car was broken and I had to bike several miles to a bus stop that had a bus going to my job. Being carless in the suburbs is definitely worse than the city where mass transit is more accessible. Made my way from below the poverty line (single teenage Mom, food stamps, welfare etc.) as a child and then newlywed to eventually middle class. Never made it to upper🤔but I can definitely feel where you're coming from.
Even as a multimillionaire, we still count our pennies.😂
@@sct4040Yup…millionaires still go to dollar stores to look for deals! 😂
This is an amazingly important message! Our children need classes in investing in high school so they’re ready for the world. The amount of consumerism that’s plastered all over social media right now is insane. Thanks for the message. 🙏
The world is so built around consumerism these days
Like so many other important skills/knowledge bases, parents need to teach their children these things themselves instead of relying on school to do so.
@@granitemoss1451YES!!! EXACTLY!!!!! Public school's aka government schools are not there to help they are there to indoctrinate, the powers that be do not want people to be financially literate, they want good little consumers buying all their crap, they want people to be slaves to debt, it is very sad but it is true.
Sadly, our children are taught to be anti investors by our educational system.
@@granitemoss1451most parents don't even have these skills because they weren't taught. So yes, they definitely need to provide real life financial knowledge in school.
I have a 2004 Honda CR-V and I love it. I’m kinda proud of how old it is and how nice it still is.
2005 Accord here! Amazingly nice car.
Older is better !
“Live your life by design, not default.” This I think is the absolute key message in your video. So important.
im selling my paid for home and buying land this year
putting a tiny cabin up over a basement
creating a tiny homestead finally
im stoked
If you are healthy and fit and wear sweats or whatever, like Gabe in this video, people won't think you're poor. Smart people (especially women!) can smell the confidence and the money.
Wrong - I’m 62 now. Women are very materialistic - they notice brands / labels, jewelry, car, square footage, etc. Women (gold diggers) aren’t as smart as they think they are and can’t “smell money” as you claim (I have at least 1 of them - a GD - A hit on me every month, I don’t respond)
When I leave house, it’s however (hair might not be combed, might be dirty & sweaty from working outside, and I don’t dress up). 2 of my vehicles are 10yrs or older and only have right at 100k miles (likely will never replace them). I very rarely dress up to go out and even more rare that I wear my nice jewelry - I’m a “gray man” - I don’t stand out in a crowd - it is much safer, you are less likely to get robbed. I have also became a lot more careful about posting to social media (pictures of home, lifestyle, etc)
Women won’t take 2nd notice of me - that’s ok - I don’t have them hassling me, asking about my relationship (married for 26yrs), home (paid for), retirement, investments, or bank accounts - they think I’m BROKE and that they are better than me! Good for them, I will continue to live in peace and build / and improve my own life.
Excellent message - as an older successful acquaintence confided in my, "It's not how much money you make, it's how you spend the money that you make that leads to a fullfilled life". I am now 80 and have gone through the initial eye gliiter stage and have financed things that didn't even need to be in my life. After having gone through a tough financial time I have adapted a practice of never buying anything I couldn't pay cash for - if I didn't have the money, I wouldn't buy it. Amazingly as a course of routine, beautiful things have been presented to me and our house reflects this beauty. We have spent very little - money wise, for the beautiful things in our life. We are not incredibly rich but the Greater Universe has provided richly with payment that cannot be measured - just having the opportunity to be here!😊
Minimalism is so liberating!!! I downsized drastically and although there are some mental adjustments due to habits, you can do it. When you start drifting back to what you had, just start naming everything you are thankful for and it pulls you back to the pleasure of less....less financial responsibility, less pressure, less fear of failure.
After telling us for 10 minutes to not compare, he recommends us to watch 'How to get ahead of 99% of people financially''.... 😂😂
Alot of people pretend to be rich but they are not.
When your clearing out the junk get rid of the ego with it, that's my best advice.
you're
We have two vehicles that are over 15 years old. One is a work truck needed for his business. No cc debt. The way I see family members spend their money infuriates me. (And guess who they ask for "loans")
Would you use CC for expenses you have to make? I do to get rewards money. My utility and grocery expenses are paid with CC which are paid off immediately. When I accrue rewards money I transfer it over to my savings.
I have a brother who is single and although he has a low paying job, he takes luxury trips. He hints that I should help him out with living expenses, even hints that he should live with us. My husband and I have scrimped and saved for a comfortable retirement. If he does get into trouble, I won't let him starve, but won't give him money
Man, you already look rich.
South east Asian American here 👋 we are kings of looking rich while scarping by just to support the lifestyle. Tired of going into hiding from my family and friends when i fall on hard times. They’re around to party and celebrate with you but no one lends a helping hand when you need it, this has taught me valuable survival skills to just put myself on DND to focus on my self and my own personal goals to be able to find happiness from something not related to money.
Its called Keeping up with the Joneses! People buy too much to keep the "look" or "Perception" of Life is grand. It happens to everyone in their lives, since the beginning of time. Human nature to F up, hahaha. But experienced knowledge is power, more so than book knowledge. Keep learning and going, adapting, and most important...YOU must know YOURSELF(skills/wants n needs, dislikes, etc.) once you know you can develop what you want in life and a pathway. All along making sure you smile often. Anyway, its the journey. make it your journey. Recently had to realize my siblings where not the people I grew up with, oddly enough its all happened shortly after we lost our father. Never would have thought it to be so....but thats why I express to you that you decide your path, no matter what others say. Of course keep it legal, hahaahaa Best wishes friend
@@davystun8454 Amen brother 🙏🏽
You are a wise man! I’ve never cared what other people think of me. Or of what I own. I treat everyone with respect (until they show me they don’t deserve it), but I don’t own anything because I want other people to think a certain way about me. I did buy a Tesla 10 years ago, but not to impress anyone. I did it to stop using gasoline and still be able to go on road trips. But I was surprised (and appalled) at how much attention it garnered! Fortunately, I bought Tesla stock at the same time, which more than paid for the car. I’ve done well financially over the years, but no one would ever guess it from the way I live. Heck, even the Tesla is over 10 years old now - no biggee anymore. And being happy with my life and loved ones, and healthy, is the best reward of all. What more could one want out of life?
You are my friend
You dont have to look poor. Just be simple, dress decent but not over done or buying up every high end brand name, drive a decent comfortable car or truck as opposed to the "all eyes on me" porsche, benz etc...stay off social media or at least stop showing everyone what u have....you'll be fine
I’m trying to teach my son this concept, it’s a hard thing to get until you are having to budget your own money.
My graduates may 4 with his MA in architecture. Already got the job and a great income. He has no debt at all. We’ve been helping him budget his income cause he has a lot of $ leftover. Stressing the importance of saving for his future self. I pray he sticks with it too
I live in a tiny house, it’s a 1 bedroom apartment that’s all paid for, with my husband. Living in a cheap apartment in an excellent neighborhood is the way to go.
With the things the way they are in US, I find it extremely difficult to find a cheap apartment in an excellent neighborhood. Congratulations!!!
Happy to be in the 22%..super popular stuff has always repelled me!
Getting caught up if "lifestyle" is indeed what ruins most people. Especially those who get luck and have success. The surest wat to ruin that, is start believing you need to show it off.
Thank you! I always felt like an alien not taking care of what people were thinking, so I never tried to impress anybody. Living a simple life makes you save not just money but time, energy and gives you less things to worry about.
I love this! I agree with you 100%. Everything of mine is old but well maintained and I get such a rush when I'm able to fix something and see how much money I can save. More stuff=more stress. This is why we watch your channel 👍👍
So true!
I remember working with a lady who told me that a customer who came in was actually super wealthy because she only purchased clearance items. Sometime later I saw her in a pickup for food for people who were broke. My coworker thought she was wealthy because she was buying cheap, when the actuality is she was probably making do with what little she had. In either case, I see the practicality shopping clearance for items you're going to use anyways.
Gabe! Your content is real. The water bottle analogy is perfect. We have exceeded all our net worth/wealth goals. We live in paradise AND have a car with 200k miles and I love my water bottle that I bought at good will years ago. Also very rarely shop because I’m too busy loving life and building businesses.
I always thought this, grew up this way thanks to my grandpa🙏🏼 Another reason why I think it is important to look poor is that you are not as big a target for thieves. You hear in the news thieves follow people with expensive cars or watches only to rob them. Not that that is a very common occurrence, but happens!
I totally agree with looking poor being very strategically important.
It’s tactical to present in a way that’s not threatening to others, or in a manner where people will envy what you have-that’s a quick & easy way to get robbed, or for people to be hateful/spiteful/hostile towards you for having things they’ll never have access to.
YOU should always be the decider of who gets access to even the awareness of how much material wealth you possess, since not everyone deserves the privilege of knowing what you have to offer in that realm. It’s the best way to guarantee that people like you for you, and aren’t using you for access to any amount of your finances-it’s like in those fairy tales or proverbs, where a monarch goes into the village dressed as a beggar, and being undercover, can find out what people are REALLY like.
🙏🙏🙏Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!
Thank you Jesus🙏🙏🙏, $32,000 weekly profits Our Lord Jesus have lifted up my Life.
Thanks to my co-worker (Alex) who suggested Mrs Mary Elizabeth Webb ..👍
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.🙏
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
She's Active on What's Apps👎
Tiny houser here. Im debt free and living minimally, and I love it. My living expenses are very small. I dont have to work hard to make ends meet, and I can do what I really enjoy doing, which is traveling.
As I get older flashy new things just don't excite me anymore, it just temporary "happiness".
The things that matter to me know are the time spent with those that I love and taking care of my family.
When it's Christmas time, I look forward to my mom and step dad coming into town and staying with us, and us all sharing breakfast together not what's under the tree.
No one knows how much money I have, which is the way I like it. I retired before I was 50 and have more money than I can spend., even though I never made that much money. I have always invested money, but I also own two homes without mortgages, so I do spend money. I just don't spend it on things I don't need just to impress other people. My car is 10 years old, and my home is very average size. I have everything I need. Gabe's posts are so relevant and contain such good advice.
Driving a 10 year old CR-V (which is still great!) to me makes me feel that I’m driving a safe, reliable car-if maintained. I don’t need the newest and greatest, which I’ve never been into. Your tips are great! This isn’t just important to your mental health, but financial planners would agree with much of what you suggest.
I drove a 10-year-old CRV for a long time! And a Honda Civic before that both are great!
The best thing about buying an older car is that you immediately avoid the biggest cost of owning a car: the depreciation. My first and only car was a £1000 10-year old Nissan. It worked perfectly for 4 years, I probably spent around £100 a year in maintenance (new battery, tyres) and I sold it for £650. So it cost me less than £100 a year to own it. If I'd bought a new version of the same car, that would have been several thousand a year in depreciation.
@@GabeBult I had my 10 year old Forester in for new brakes the other day. The shop let me use their loaner (since my wife and I share one vehicle), a 2001 Civic. I was blissfully happy driving it; fun, comfortable, and simple compared to today's new cars.
I'm very happy to hear people spread this message =) and I think it's important to tell people when we enjoy what they're doing. So... thank you Gabe !
Thanks Gabe, I often feel like the ‘oddball’ as I’ve never done/bought what the majority do so it’s nice to know there’s others living the same way 😊
You are sooo right! Relax and enjoy your time freedom instead... Stay cool and live......
A thought: We have six kids and 19 grandchildren. The pool we put in is the big draw to our house during the summer. The family togetherness it brings has been well worth the work and expense (long since paid for as is our house). The pool is everyone's favorite place to be. I agree with you in principle, but this exception has been wonderful.
That’s an investment in your family that wouldn’t work for every family. That’s great that you found something that works for you and your family.
My kids and grandson would use a pool maybe twice a year, and we live somewhere where you can swim about 6 months out of the year. 🤷♀️ We bought a weekend place for one of our family investments, it’s 40+ acres with a fishing pond and a home. We’re hoping to build a small place for each of our children on the property.
I gotta say that I agree with not spending your money to please others, to look rich. But I don't know if that wasn't the way you wanted to come across but about the vacation part, I totally disagree. I guess not all is about saving money so in the future I can turn this money into more money. Agree that if you are going on vacation just so you have some nice pictures to post on Instagram, then you're doomed. But spending money on vacations, exploring new countries and places, it's one of the most rewarding things. I guess you also go on travels and find it the same way, but the way you said, it sounded we shouldn't spend money on anything for pleasure. I guess I've said too much now! haha love your content and all your videos!
That's very true; travel can be amazing but it doesn't have to cost a ton just for the Instagram pics
It's a slippery slope. I found a pair of pants years ago that just sits amazingly comfortably on me. Never bought any other pants again (of that style). I took that pair to a tailor to copy the pattern and he's been making and adjusting pants for me for over a decade. Now it's not a brandname but it sure is the best pants out there. And surprisingly, a tailor is not very expensive.
Sits amazingly ?
@@TInax-oo6mv like a glove
I hate clutter. I often shop online and click off after adding things to my cart. It saves money and space. Then I buy stocks, real estate, or add to my high yield savings account.
My kids didn't understand why I worked so hard to have so little. Now they understand.....after getting free homes.
My life is simple. I'm completely debt free including no mortgage. I have financing set up to take advantage of opportunities that come my way.
"MONEY LIKES SILENCE" - 🤑😊🤑
Of course you have to buy stuff, but buy smart, buy only what you really need, buy only once and buy quality not quantity (even if it's a bit more expensive).
My earnings are in the upper 10% - and (just for example) my jacket is a used M65 of 1975, bought for $35. Nice antique furniture from a thrift store. Unique, good quality and cheaper than IKEA.
The most expensive factor are the kids and their group pressure at school. A fine line there and lots of explanation.
I agree with you 100%. I’ve also started velocity banking and that has changed my life.
Fortunately a pair of old jeans, tee and sweatshirt is perfectly normal attire in most of America....maybe even half the world. I like the "grey man" approach of just blending in with the crowd.
Such an important reminder that I needed to hear right now. Thank you Gabe!
It is!
I really like this, and appreciate this. I've been on both sides of the fence. I've been poor for many years and I've been wealthy for many years. Being poor was certainly stressful, and hard in areas, but I wasn't happier when I was more wealthy. And when I look back at when I was poor, there are things I miss. You appreciate things more, enjoy things more, and notice the good in everything around you more. It's hard to describe, but just the smallest things I would notice and find joy in. All this helps me to not worry, or be afraid of ever falling back into poverty again. Because I know, no matter what there will always be ways to find happiness. Spending time with my kids is really all I need. And spending time outdoors.
My 2008 Honda Accord with 190k miles approves this message! I’ve saved so much money by keeping that car even though I’ve been “pre-approved” to borrow brand new cars many times. Used that money instead to purchase my home with 30% down. No PMI. And I’ve been making extra payments to mortgage for past 10 years.
There are advantages to looking poor that you outlined but looking successful has benefits. People are more likely to trust you if you appear successful, whether that's with business or with friendship or love if you look successful. You can't work in many places without dressing business casual, for example. Looking poor does work for some industries and lifestyles though.
But dressing business casual can mean 6 suits acquired over time, a handful of ties, and a couple pairs of decent looking comfortable business style shoes. It's the constant turnover of "new stuff" that people equate with looking successful.
I think it's possible to look professional without wearing all your money on your back.
Thank you Gabe 🙏🏼😊 very useful information, i also look poor i have torn shoes, jackets and shirts and I don't mind wearing them
One of the best things I ever did was sell the house and 90% of the stuff in it. Less is more. Zero debt and minimal expenses. Not because I have to, but because I crave simplicity.
Touché!! Totally agree! Thank you! Great video!
Es muy importante en una vida frugal, tener pocas cosas pero de la mejor calidad posible.
Another great vid!! Thanks Gabe!
spot on!
financial independence is the goal and frugality is the way. less is more.
almost everything that’s popular is wrong. LOVE IT!
Bought my teen son a 2007 cr-v exl model. Nicer than the beast of a hooptie I bought as a teen. Seriously. CRVs are awesome, I wish i had considered them for myself earlier.
Great video. So much of this resonates with me on my financial journey to achieve FI. Yeah, it is not about looking poor, but more so about not trying to look rich. At the beginning of my journey, I was making payments on an upscale Range Rover that I bought new on credit. My current vehicle is an ugly but reliable Lexus that I bought 8 years used. Stop Acting Like you're Rich, because you aren't.
Im about to buy a 9 yr old lexus. How do you like it? How many miles on it?
@@MT-yx5cu My has _~140k miles and runs fine. I you are used to upgrade vehicles, there may be an adjustment for a month or so, but now I don't even realize the difference. I adjusted and got used to it being my car. Just like I adjusted to my prized Rover at that time. If the Lexus is a nice, clean one, I would go for it. I think it is worth the investment, IMO. I would consider tech, and make sure the car meets your needs in that area. My thoughts anyway.
@@slmunney7760 Funny you bring up tech because thats what has me considering a 2019 IS instead of the 2015 with 99k miles. I'm supposed to test drive both this week. It's so hard to decide; the temptation is strong 😄. There is a $10,000 difference between the two cars.
"Living life by design, and not by default"
Wow this really resonates!
I don’t use TikTok, but I hope you’re posting videos on there. So many people need to hear this perspective on life. Thank you for making these videos! Subscribed!
So True. Wish I was like You at your age. Thank You
Some people are so poor that all they have money. 🙏
That reminds me of how my best friend from school was whining to me: "My parents buy me everything! I wish they would love me!" and I thought "Wanna trade for my highly abusive parents who also buy me nothing?" There are a lot more poor people who have nothing and nobody. Having just money would make their life so much better!
That's my ex husband lol, a miserable bastard. He has money and property and expensive cars. He has all his stuff and I have children and grandchildren. I'm as happy as a pig in muck. He's still trading all his time for more and more money while I work 10 days a month and live a simple and stress free life.
I read what you wrote, twice. Still makes no sense..
You read it.
@TInax-oo6mv it so far has 20 likes...seems you have difficulty in understanding things.
Can you actually read??
Watching this made me feel good. I pretty much do everything you said, even keep my phone until it just doesn't function. I'm financially free at 50, with roughly $600k in built self worth. Another reason to look poor... So friends and family do not ask to borrow money, which happened to me yesterday!
Thanks for sharing! You made a point!
great video. Agree that you don't have to look rich or have the newest products. I'm content buying cheap clothes. I value my investments/savings and experiences more!
This has been insightful
Dude, you're preaching......and it's a sermon I needed to hear.
I just love your videos. I learn so much. Thank you!
Jesus said, life does not consists of the abundance of things he owns! It is abundant relationship with Him & others
Really enjoy your video's as always really helpful. I'm still in mission reducing stage as we have too much that we don't use or can't as we have no space. I am really looking forward to clearing out our house and having every room clear and peaceful thanks Gabe!
For sure!
Wow. Thank you. You actually just saved my life for the next 50 years going forward. No words can express my appreciation friend. My life is amazing now. You just x10’d my future. Wow. I got the message. Thanks.
2:00 --> So true.
I looked around my house and I am on a next gen laptop, comfortable chair, food in my stomach, coffee beside me, a car outside, and a willingness to keep learning and growing.
Much love.
Subbed
I have tried to stress this to my kids. I pull up in my 2006 Corolla to a soccer practice and a girl on my daughter’s soccer team, says “Nice car!” I feel a little bad for my kid but I hope she is understanding the fact that they are probably paying a monthly payment and mine has been paid off since 2010 when I bought it used.
I also own a 2006 corrola wagon and wouldn't sell it. Same situation here😂
I explain that to my kids but I do get them decent clothes n shoes n other stuff they need to be a kid. N explain to them we spend more on experiences vs things
Agree. The hedonist treadmill is real.
The first step of becoming wealthy is buying everything in cash. Phones, laptops, cars, apartments and so forth.