I consider my self to be middle class with a pay off mortgage, paid off cars and some money in my 401k. I have friends that wear Jordans and the latest name brand clothes. Yet their networth is a lot less than mine. I never spend more than $40 on shoes and I don't see the mentality in spending half your check on name brand clothes. Live within your means people.
I remember this lady I knew. She drove an old car. Simple house, no designer clothes and she was a millionaire. You never would have thought once she was millionaire, because of the way she carried herself. I was like wow😮
Anytime I met someone rich they always had that confidence and calmness about them. They were usually older as well. Not they playboy millionaire bachelor that tv shows.
I asked a former boss of a small truck company I worked for he would always wear Walmart clothes (which are comfy as fuck) and drive his Avalon. But whenever he had his wife and kids with him it was matching designer clothes and a Range Rover. We’re pretty cool so we have convos here and there, he told me he has no desire for material things but he does it to keep his wife happy😂😂
I met a very wealth man once, and the Jeans he was wearing were not branded, he had a custom Jean Maker in Okayama Japan make the Jeans to his exact specifications. They were incredible and he told me they lasted him 7years so far.
It just depends on style and taste. You can buy designer and not “blow all your money.” There are a lot of self made conservative millionaires but there are also many flashy self made millionaires that buy designer brands within reason. Fashionistas and shoppers know that designer doesn’t always have to be expensive!
I also have seen a family who is becoming rich now. I can tell their pride went up & they always share everything on social media. Their trips, nice house etc.
The thing is like everytime you see rich people they show expensive things that make you poor They tell you to invest in car to look rich But the thing is that they will never show offices and real estate building because that not look cool Owning a commercial real estate make you rich Owning rolls Royce and Louis Vuitton bags only show you rich
😂 i wish you would see this , one of the group in our class literally judges a person though designer labels or brand tags, their mind is so fucked up that i could even argue with them, they literally show off their new iPhone and nike shoes
Exactly and at the end of the day, do these people REALLY feel fulfilled in their designer labels? No. You can look nice and classy without spending your resources on designer clothes.
Some what true. It depends on the person. I see many rich people wear designer. Hell even when people try to point to mark zuckerberg they think he’s wearing a regular $15 hanes when he’s actually Brunello Cucinelli shirts that cost around $300. Some people dress casual and some put time into their wardrobe
Thank you! Just because it doesn’t have logos, doesn’t mean that it isn’t “designer.” Brunello is highly sought after by wealthy tech guys in Silicon Valley. And I’m pretty sure those sporting Loro Piana, Kiton, Brioni, etc, have bank accounts that will make a less fortune person snatch their eyes out.
But is Zuckerberg wearing a logo on his Brunello shirt? I think the point of the video is that wealthy people avoid wearing visible logos on their clothes. Zuckerberg may wear expensive shirts by BC, but there's no logo on it so people won't know it's by an expensive designer.
@@vidform true. But it goes back to what I said. It depends on the person. And their style. there’s many rich and wealthy people that dress in designer logos like Floyd mayweather. Not everyone style is geek tech and casual. I just get tired when I see and hear people talk about how “real” rich people dress and think that the clothes that they’re wearing is a $10 Hanes shirt from Walmart and $30 jeans when they’re actually spending the same amount as a LV shirt logo and a Gucci tracksuit
@@masteroogway8453 I worked at Saks. There’s probably a few rich people, more than wealthy, who dress in clothing drenched in logos. Reason being is a lot of wealthy people live in cities where the crime is higher than national average (NYC, Chicago, San Francisco, LA), so in order to not stand out and make themselves a potential victim of a robbery, they’ll avoid flashy clothes. But I do agree. We need to lose this logic that wealthy people aren’t dropping $$$ on clothes. Warren Buffet wear Zegna sports coats. Those can easily retail for $2,000.00.
I feel like rich people came up with these alleged behaviors to get y’all to leave them alone. Unless you live with all of them, manage their finances or stalk them 24/7, you will never know what they truly do with their money. It’s almost ignorant to apply this logic amongst the masses as if there isn’t variance.
I love watching sneaker store videos where people buy shoes at $350 and when they come to trade them in after a couple wears and are offered $100 😂. Losing money to impress people who don’t care for or about you
Does anyone here think having your privacy violated on your cellphone and stalking is a wealth based strategy? I don't, but the perspective of another is welcomed.
50 Cent said he wears white t shirts to show people that he's clean. He knows the production costs of a designer polo shirt so because of that he would find it hard to pay $90 for one. At the same time though I've seen him in hundreds of flashy suits so...
well they'd buy designer that doesn't look it. they avoid big labels and huge graphics. they choose for class and subtle clothing. brands such as Loro Piana and Zegna, brands that don't scream "i have money"
I'm from London, and my net worth is 7 figures at 40 years old, and I have already guaranteed my childs future with laywers to administer her personal well-being with legal and financial management at 4 years old. Let me tell you, it's hard for people to understand, but be rich and wear primark and have no shame with having an Oyster card too for a bus pass. Obviously, it's harder when being famous... but low costs keep the margin bigger between your income and expenditure. Remember, if you actually have the money, then you have nothing to prove.
@@DrBradKlontz I think the people most likely to wear big designer labels are people who just got rich, young people who have upper-middle class parents and lower class people who try to look rich. But it depends how big of flashy the logo is, as Ralph Lauren blue label tends to just have a tiny horse logo and is, I think, timeless and classy.
@@foxy916 The poor and lower classes never being around wealth have no idea. One way to suss them out is to ask where they went to school. The wealthy true wealth is a small club and they know immediately you're not one of them.
@@KittyKat-vb1ndRalph Lauren with a small horse logo isn't very vulgar, it's been around for ages and isn't in your face. It can be vulgar if it's a big horse logo or a big POLO logo on the front.
Key phrase " they refer to THEMSELVES as frugal. The Uber wealthy, or 1%, absolutely spend a ton of money on clothing, travel, food and luxury items. The people who make over 100k a year also spend an exorbitant amount on unnecessary items. You'll find people buying multiple homes, tesla's, $300 hiking shoes along with $200 pants, personal saunas for their bedrooms, trips to Europe, educational conferences and much more. The way these people Staubach is by keeping more money in investments which compound or appreciate in value. For instance most of the wealthy people I live around were given enough money to buy a first home, and invest some. The home gets rented out, another home purchased and their money gains traction in index funds, stocks etc. I know of one person, an astronaut that genuinely came from humble beginnings with nothing, and made a fortune. Everyone else had a big ass head start plus guidance.
We conducted a study on the ultra-wealthy. They had 18x more then the middle class ($11 million net worth vs. $500k) but only spent 2x as much on their house, car, last vacation, etc.
Hmmm, not totally factual. I’ve met quite a few label wearing, expensive car driving, big old house having, Rolex rocking rich ppl. It boils down to preference. Personally, I think it makes certain ppl feel good to believe that rich ppl don’t like to floss. It’s not true, they really have tons of designer goodies. I mean let’s be real, the designer’s aren’t catering to the poor or the middle class, they’d probably only sell few pieces a year, they cater to the rich.
Different strokes for different folks not all designer clothing are expensive… you can get designer clothes at discount pricing and some of the rich and wealthy do wear designer clothing… it’s good to support designers…that’s their craft!! If I like it I’m gone buy it designer or not … the brand don’t make me.
Designer clothes has no real meaning other then how high status you are and most people who are interested in that are mostly very greedy people and will do whatever it takes to get to the top and there always a common denominator of designer clothes the women who buy and wear them and the men who wear them to buy and get attention of women who are interested in that lifestyle the rest of the smart people know it’s important to save money as much as you can for extra expenses like bills and taxes and other expenses to keep your business going and if you start exceeding your budget you go in the red zone and you end up in debt owning things you can’t afford or keep up with that why people eventually file a chapter 11 bankruptcy because they were spending to much money of frivolous things and designer stuff and clothes and maintaining relationships with people who buy these designer clothes all the time.
So how does he know what wealthy people do/don't do? That is like me saying a whole race of people are the same (well no they are not they are all different.....)
The millionaires you are talking about today are the new millionaires of the modern era. They are essentially "self-made" and know the true importance of money and frugality. These millionaires today, centuries and decades ago, wouldn't even exist, because today there are more millionaires than ever before and new millionaires are born every day because of work. Doesn't wearing luxury things make someone look like a millionaire? No! But it also doesn't make you look poor, as luxury things have always been used by rich people and millionaires for centuries. In the past, only the rich and millionaires bought Louis Vuitton or Gucci and this fervent wave of the middle class buying luxuries is relatively recent in the world. Therefore, there was a change, as the middle class achieved better living conditions and money and this is reflected in their spending and new habits that were previously only for the richest. It's a lie that the rich don't use luxury, there's just a greater need nowadays in the modern era to be discreet (even if wearing discreet luxury without logos) in order to keep what they have and protect themselves. Just that!
I never had a pair of Jordans. My mom bought all her six kids shoes from payless, which was $10 back then. My 16 year old son... Well he's not really my son he's actually my nephew my sister's son I just call him my son because he looks like me more than his mom. Everyone in the family thinks he's my son because he looks just like me, but anyways he loves name brand shoes. I want to buy him just regular no name unbrand name shoes but he prefers Jordans. Jordans are his favorite and I just don't like name vrand stuff because I am trying to get rich myself and buying luxury items will not make me get rich. But I spoil my nephew because he's my favorite nephew, and he's like my child because I don't have any kids of my own. I used to babysit him when he was a baby so I can't say no to him if he wants a new pair of Jordans.
Alexander Amosu - $2.7m. Anita Mai Tan Dragon and Spider - $880,000. ... Buccellati iPhone case - $208,000. ... Goldgenie Donald Trump Case - $151,000. ... Lux iPhone X Ingot 250 - $70,000. ... Aurum Edition Custom 12 Pro Max Case - $27,300. ...they all poor😂
I don’t think poor people but guchie and other designers clothes. It’s rich people who are stupid with their money who care about labels and smart ones just invest more in there stocks instead of buying material goods
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize. Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos.
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize. Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos. Not to mention, the wealthy traveling with security entourages, buying $100 million properties, $50+ million jets, Jeff Bezos multi-million dollar yacht or the private islands they buy. The flex of the wealthy is a different flex than the flex of the middle class. But you’re in error to portray it as frugal. They spend their money differently.
Hilarious I literally know a rich person who has millions of dollars and has had millions of dollars since he was 16 years old and four cars. He wears LV, Prada, all the time just paid 30k for rare Gucci coat Just proves this video is bullshit
@@DrBradKlontz lemme think of the exception, maybe Yusaku Maezawa, a Japanese billionaire, he has a flamboyant personality type. But the easy one to list maybe the Hollywood or Celebrity type of billionaire, they like to show off lol
Floyd Mayweather, Kanye West, and Rihanna’s are billionaires that constantly wear designer clothing. What is this guy talking about? Is having billions of dollars not wealthy?!!!
Those people are exceptions and wear brands that are given to them for free. They actually charge the company to wear their clothes. And in the grand scheme of things, they aren't even close to being the richest out there.
@@DrBradKlontzI never heard any celebrity promoting nd telling ppl to buy those designers items these celebrities be wearing them for just attention if they were paid why don’t we see a movie actors artists with them designer junksss on??
@@sodazmanYes and no. They have all been paid before but Rihanna in particular has a HUGE Louis Vuitton bag collection that she’s most likely purchased herself and I know this because many are way before her time especially in terms of fame so she couldn’t have been gifted them. So that’s not always the case but that is somewhat true.
@@DrBradKlontzLook at entertainers like Travis Scott or Kylie Jenner. They wear luxury items. Some non entertaining rich people also wear luxury. It’s more over to do with fashion than status. You’re trying to say that all rich people have a cheap outfit and all middle class or poor people wear luxury. What a joke 🤡
Frugal but they have a sugar baby that will buy all the l.v and Gucci up on ya card plus there frugal is still outrageous too us so shut up quit trying to be right 🤌
If i was rich i would get myself a nice $700-800k house 3-4 bedrooms, 2 bathrooms With a nice big enough front lawn And definitely backyard or space to have BBQs (or in my case CARNES ASADAS...MEXICAN BBQ!) And a garage Cars: i would choose between 2003-2006 cadillac CTS 2010-2012 chevy camaro KIA STINGER The most expensive car i would want would be a 1969 pontiac lemans convertible. I LOVE classic convertibles! I wouldn't need no damn ferrari, Rolls-Royce, Lamborghini, maserati Shoes: I'd love to buy some nice jordans that i loved while in High school ( black and gold "shiny " jordans, white red and black nike logo RETROS!) Maybe 4 of those retro shiny jordans. Not every single jordans and nikes there are. And finally, some jewelry. Not the most expensive fine jewelry, NO DIAMONDS. Just GOLD. I like the look of regular gold more than the "fancy schmancy" look of diamonds and super expensive jewelry Get me a box that can fit a good amount of rings. Get me a couple of 30 in long , 8mm thick 14k gold rope chains with pendants A gold nugget bracelet 2 rolexes Day date with champagne dial And another with black dial (I definitely wouldn't be walking around everywhere i go wearing ALL my jewelry. A few pieces at a time and not everyday. Weekends and special occasions. I dont want unwanted attention. Assaults and GOLD DIGGING tramps!!) I wouldn't get no YACHT , no mansion, designer clothes and everything else that BROKE ASS people get trying to impress god knows who or pretending to be god knows what. I don't think it would hurt to spoil myself to SOME extent. Not with the most expensive, the best things there are. For example jewelry: gold , NO DIAMONDS! Oh...and TRAVEL!!!! SEE THE WORLD!! LOL. That's my plan if i were rich
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize. Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos.
Absolutely. The true rich don’t look like it. They don’t need to. They know what’s in the bank.
Facts 👊💥
Not true the reason why people buy expensive stuff so they don't want pay taxes
Exactly. Look at Elon musk
letting other people know that you're rich is a huge nightmare for rich people, it brings unwanted uttention.
most rich people downplay their wealth for sure
True
I always thought like why should I PAY and make free advertising for designer brands
It’s a great question and excellent point
I consider my self to be middle class with a pay off mortgage, paid off cars and some money in my 401k. I have friends that wear Jordans and the latest name brand clothes. Yet their networth is a lot less than mine. I never spend more than $40 on shoes and I don't see the mentality in spending half your check on name brand clothes. Live within your means people.
Exactly. They should be paying me.
yup - I will not pay to be a walking billboard !
Not mad
I remember this lady I knew. She drove an old car. Simple house, no designer clothes and she was a millionaire. You never would have thought once she was millionaire, because of the way she carried herself. I was like wow😮
That's actually how most millionaires roll...
Anytime I met someone rich they always had that confidence and calmness about them. They were usually older as well. Not they playboy millionaire bachelor that tv shows.
Facts
rich people hide their wealth
So true
Most people would be shocked at how many millionaires they come in contact/interact with every day. At the grocery store, gas station, Walmart etc.
I make great money and still buy clothes at Walmart. I give zero craps about expensive clothes. Way rather have money in the bank.
me too!
what ll u do once u have 1 billion dollars, u ll buy gucci
@@Fierce77551buying the holycrap gucci, i rather invest on the assets that build my wealth more and more
Agree!
@@Fierce77551No.I am rich and I don't care about brands
I can confirm rich people do in fact buy designer 😅
Nothing wrong with having a healthy balance. Why does everything have to be so black and white. This guy is delusional
I asked a former boss of a small truck company I worked for he would always wear Walmart clothes (which are comfy as fuck) and drive his Avalon. But whenever he had his wife and kids with him it was matching designer clothes and a Range Rover. We’re pretty cool so we have convos here and there, he told me he has no desire for material things but he does it to keep his wife happy😂😂
Oh my 😅😂
I like this mindset - a rule I have .. have at least three full LABEL outfits and mix match
I met a very wealth man once, and the Jeans he was wearing were not branded, he had a custom Jean Maker in Okayama Japan make the Jeans to his exact specifications. They were incredible and he told me they lasted him 7years so far.
They sound comfy!
When the facts are on your side, perceptions don’t really bother you too much, because you know you can correct them with the truth if need be.
yup
Ahhh perfect statement
I know plenty of rich people who wear designer clothers
But have you actually seen their net worth statement?
@@DrBradKlontz no 😬
I’m not rich but I don’t like labels
If you did like labels it would be even harder to get rich
Right they make you look dumbb
It just depends on style and taste. You can buy designer and not “blow all your money.” There are a lot of self made conservative millionaires but there are also many flashy self made millionaires that buy designer brands within reason. Fashionistas and shoppers know that designer doesn’t always have to be expensive!
It’s true now that I’m rich I just wear a bathrobe
That’s awesome! Hey wait a sec, are you trolling? 😜
@@DrBradKlontz no actually I won Lott.
I also have seen a family who is becoming rich now. I can tell their pride went up & they always share everything on social media. Their trips, nice house etc.
There are exceptions to every rule but that ain’t normal
That's new money. They've never been there before.
@@KittyKat-vb1ndfacts
They are just enjoying the life they never had in the past. There is nothing wrong with it. Life is short
Just typical new money people, it’s common.
All people try to gain status, some people buy it, others gain it through other ways.
Yup. I like getting it in ways that don’t make me BROKE 😅😅😅
It’s not just clothes. It’s expensive cars and homes
facts
True!! Sadly many are mislead but what other think of them because they are insecure and not actual taking care of themselves properly 💯💯
so sad and so true
I dated 2 lawyers, I can attest to this, they didn't wear designer clothes
Wealthy people do wear designers. Wealthy people do wear brands that you don’t think they would. They’re just not super loud about the wealth.
The thing is like everytime you see rich people they show expensive things that make you poor
They tell you to invest in car to look rich
But the thing is that they will never show offices and real estate building because that not look cool
Owning a commercial real estate make you rich
Owning rolls Royce and Louis Vuitton bags only show you rich
😂 i wish you would see this , one of the group in our class literally judges a person though designer labels or brand tags, their mind is so fucked up that i could even argue with them, they literally show off their new iPhone and nike shoes
LMFAO poor soul 😂
Exactly and at the end of the day, do these people REALLY feel fulfilled in their designer labels? No. You can look nice and classy without spending your resources on designer clothes.
Yet these the same people who buys expensive cars unnecessary huge homes. Accumulating all that money just to bury yourself in it. 😂
Some what true. It depends on the person. I see many rich people wear designer. Hell even when people try to point to mark zuckerberg they think he’s wearing a regular $15 hanes when he’s actually Brunello Cucinelli shirts that cost around $300. Some people dress casual and some put time into their wardrobe
Thank you! Just because it doesn’t have logos, doesn’t mean that it isn’t “designer.” Brunello is highly sought after by wealthy tech guys in Silicon Valley. And I’m pretty sure those sporting Loro Piana, Kiton, Brioni, etc, have bank accounts that will make a less fortune person snatch their eyes out.
They are new rich people not billionaires.
But is Zuckerberg wearing a logo on his Brunello shirt? I think the point of the video is that wealthy people avoid wearing visible logos on their clothes. Zuckerberg may wear expensive shirts by BC, but there's no logo on it so people won't know it's by an expensive designer.
@@vidform true. But it goes back to what I said. It depends on the person. And their style. there’s many rich and wealthy people that dress in designer logos like Floyd mayweather. Not everyone style is geek tech and casual. I just get tired when I see and hear people talk about how “real” rich people dress and think that the clothes that they’re wearing is a $10 Hanes shirt from Walmart and $30 jeans when they’re actually spending the same amount as a LV shirt logo and a Gucci tracksuit
@@masteroogway8453 I worked at Saks. There’s probably a few rich people, more than wealthy, who dress in clothing drenched in logos. Reason being is a lot of wealthy people live in cities where the crime is higher than national average (NYC, Chicago, San Francisco, LA), so in order to not stand out and make themselves a potential victim of a robbery, they’ll avoid flashy clothes. But I do agree. We need to lose this logic that wealthy people aren’t dropping $$$ on clothes. Warren Buffet wear Zegna sports coats. Those can easily retail for $2,000.00.
How about buying designer labels on clearance?
Most millionaires come from wealth
Wrong
@@ethanbernard7671 hahahahhsha
weirdo
Not true in the USA
No you’re wrong
Money talks, wealth whispers
Landlords are both rich and wealthy
True in many cases!
I feel like rich people came up with these alleged behaviors to get y’all to leave them alone. Unless you live with all of them, manage their finances or stalk them 24/7, you will never know what they truly do with their money. It’s almost ignorant to apply this logic amongst the masses as if there isn’t variance.
I don’t believe they cut the label because most designers clearance still have labels.
I love watching sneaker store videos where people buy shoes at $350 and when they come to trade them in after a couple wears and are offered $100 😂. Losing money to impress people who don’t care for or about you
Does anyone here think having your privacy violated on your cellphone and stalking is a wealth based strategy? I don't, but the perspective of another is welcomed.
What in the heck are you talking about?
What about I just buy expensive watch and casual clothes
wealth > stuff
@@DrBradKlontz ok :(
50 Cent said he wears white t shirts to show people that he's clean. He knows the production costs of a designer polo shirt so because of that he would find it hard to pay $90 for one. At the same time though I've seen him in hundreds of flashy suits so...
Didn’t he go bankrupt? You should read up on it
It’s just a lifestyle difference. The same rich people who wear no designer clothes are building doomsday bunkers.
Rich vs wealthy different.
How do you define them?
Mark Zuckerberg wears the same grey t-shirt every day.
well they'd buy designer that doesn't look it. they avoid big labels and huge graphics. they choose for class and subtle clothing. brands such as Loro Piana and Zegna, brands that don't scream "i have money"
Most millionaires describe themselves as frugal. Don't get rich wasting money
I'm from London, and my net worth is 7 figures at 40 years old, and I have already guaranteed my childs future with laywers to administer her personal well-being with legal and financial management at 4 years old. Let me tell you, it's hard for people to understand, but be rich and wear primark and have no shame with having an Oyster card too for a bus pass. Obviously, it's harder when being famous... but low costs keep the margin bigger between your income and expenditure. Remember, if you actually have the money, then you have nothing to prove.
I mean, its also dangerous if people think you got money. On the other hand, those designer cloth and bags always look extremly ugly
💯. No lies here
Facts
👊💥
Andrew Tate has entered the chart
Welcome Andrew! 😂
well andrew do have to be in camera to earn his wealth and his brand is about that playboy millionare lifestyle. so yea.
Kanye West has entered the chat
Facts!!!
Boom 👊💥
I heard Mark Zuckerberg pays 500 for a plain t shirt.
100% true
🙏
I do not wear designers brands as i do not have to prove anything for any person nor i am making free advertisements for them
Rich is not LiDAR deeing rich
Depends on the occasion I think designer clothes are better quality. As long as u can afford it. Most of my clothes are tshirt and jeans
People addicted to fancy stuff rarely become wealthy
Not necessarily true, Ive seen people with bugattis with Ralph Lauren
Rare for self-made. That’s just not their psychology- it’s science
@@DrBradKlontz I think the people most likely to wear big designer labels are people who just got rich, young people who have upper-middle class parents and lower class people who try to look rich. But it depends how big of flashy the logo is, as Ralph Lauren blue label tends to just have a tiny horse logo and is, I think, timeless and classy.
That's new vulgar money.
@@foxy916 The poor and lower classes never being around wealth have no idea. One way to suss them out is to ask where they went to school. The wealthy true wealth is a small club and they know immediately you're not one of them.
@@KittyKat-vb1ndRalph Lauren with a small horse logo isn't very vulgar, it's been around for ages and isn't in your face. It can be vulgar if it's a big horse logo or a big POLO logo on the front.
Key phrase " they refer to THEMSELVES as frugal.
The Uber wealthy, or 1%, absolutely spend a ton of money on clothing, travel, food and luxury items.
The people who make over 100k a year also spend an exorbitant amount on unnecessary items. You'll find people buying multiple homes, tesla's, $300 hiking shoes along with $200 pants, personal saunas for their bedrooms, trips to Europe, educational conferences and much more.
The way these people Staubach is by keeping more money in investments which compound or appreciate in value.
For instance most of the wealthy people I live around were given enough money to buy a first home, and invest some. The home gets rented out, another home purchased and their money gains traction in index funds, stocks etc. I know of one person, an astronaut that genuinely came from humble beginnings with nothing, and made a fortune. Everyone else had a big ass head start plus guidance.
We conducted a study on the ultra-wealthy. They had 18x more then the middle class ($11 million net worth vs. $500k) but only spent 2x as much on their house, car, last vacation, etc.
Hmmm, not totally factual. I’ve met quite a few label wearing, expensive car driving, big old house having, Rolex rocking rich ppl. It boils down to preference. Personally, I think it makes certain ppl feel good to believe that rich ppl don’t like to floss. It’s not true, they really have tons of designer goodies. I mean let’s be real, the designer’s aren’t catering to the poor or the middle class, they’d probably only sell few pieces a year, they cater to the rich.
Naw those are kids of rich people
Different strokes for different folks not all designer clothing are expensive… you can get designer clothes at discount pricing and some of the rich and wealthy do wear designer clothing… it’s good to support designers…that’s their craft!! If I like it I’m gone buy it designer or not … the brand don’t make me.
Most don’t but some do!
What if it says "Puma" on your chest?
🦁
designer is Nike Reebok etc
Maybe eventually...I'm sure at first they all went shopping!!...like I would 😁
They know they have bank, so why flaunt? Also, people who are hungry see stuff like that
Designer clothes has no real meaning other then how high status you are and most people who are interested in that are mostly very greedy people and will do whatever it takes to get to the top and there always a common denominator of designer clothes the women who buy and wear them and the men who wear them to buy and get attention of women who are interested in that lifestyle the rest of the smart people know it’s important to save money as much as you can for extra expenses like bills and taxes and other expenses to keep your business going and if you start exceeding your budget you go in the red zone and you end up in debt owning things you can’t afford or keep up with that why people eventually file a chapter 11 bankruptcy because they were spending to much money of frivolous things and designer stuff and clothes and maintaining relationships with people who buy these designer clothes all the time.
Great observation! Thanks for sharing 🙏
how much money in the bank will tell if you rich or not
Yup
that Detroit hat is plenty
Jealous?
@@DrBradKlontz I love the old english logo of the Tigers haha
@@DavidFlores-jn1yg me too!
What about expensive suits
Poor people want to look rich
Rich people want to look poor
They wear the label of their company/employer
Sometimes they do!
So how does he know what wealthy people do/don't do? That is like me saying a whole race of people are the same (well no they are not they are all different.....)
It’s called science bruh. Get a clue 🕵️♀️
@@DrBradKlontz Again how is that science? Whole groups of people must be default have different habits!!!
Yes they do there just not tacky with big logos
Most don’t. At all. Most are FRUGAL
Exception, but majority of them don't, I spent time in the Hamptons, they wore regular clothes
The millionaires you are talking about today are the new millionaires of the modern era. They are essentially "self-made" and know the true importance of money and frugality. These millionaires today, centuries and decades ago, wouldn't even exist, because today there are more millionaires than ever before and new millionaires are born every day because of work. Doesn't wearing luxury things make someone look like a millionaire? No! But it also doesn't make you look poor, as luxury things have always been used by rich people and millionaires for centuries. In the past, only the rich and millionaires bought Louis Vuitton or Gucci and this fervent wave of the middle class buying luxuries is relatively recent in the world. Therefore, there was a change, as the middle class achieved better living conditions and money and this is reflected in their spending and new habits that were previously only for the richest. It's a lie that the rich don't use luxury, there's just a greater need nowadays in the modern era to be discreet (even if wearing discreet luxury without logos) in order to keep what they have and protect themselves. Just that!
I never had a pair of Jordans. My mom bought all her six kids shoes from payless, which was $10 back then. My 16 year old son... Well he's not really my son he's actually my nephew my sister's son I just call him my son because he looks like me more than his mom. Everyone in the family thinks he's my son because he looks just like me, but anyways he loves name brand shoes. I want to buy him just regular no name unbrand name shoes but he prefers Jordans. Jordans are his favorite and I just don't like name vrand stuff because I am trying to get rich myself and buying luxury items will not make me get rich. But I spoil my nephew because he's my favorite nephew, and he's like my child because I don't have any kids of my own. I used to babysit him when he was a baby so I can't say no to him if he wants a new pair of Jordans.
Idk man it's like I rather spend money on clothing right before going broke ijs
Right because everyone at the Met Gala is poor 🙄
They really are....ask Fantasia.....and Lord knows what Rhianna is doing.
Lol designers give them clothes to wear silly - free advertising
Those aren’t great examples. You’ll never be a superstar
💯😘
❤️❤️❤️
Im broke and i just don't like wearing jewelry
If you liked wearing jewelry you'd be extra broke
Alexander Amosu - $2.7m.
Anita Mai Tan Dragon and Spider - $880,000. ...
Buccellati iPhone case - $208,000. ...
Goldgenie Donald Trump Case - $151,000. ...
Lux iPhone X Ingot 250 - $70,000. ...
Aurum Edition Custom 12 Pro Max Case - $27,300. ...they all poor😂
They just spending all of grandpas money 😂
👂🏼
When you get rich you dont feel sexy anymore the work makes you lame 🤯
Huh?
Become rich to live a frugal lifestyle and leave you money for others to enjoy. I just don't get it.
It works the other way - frugal people are more likely to become rich
I don’t think poor people but guchie and other designers clothes. It’s rich people who are stupid with their money who care about labels and smart ones just invest more in there stocks instead of buying material goods
Most rich people describe themselves as frugal. How else you gonna get rich? Maybe it’s their kids blowing all their parents money buying thst stuff
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize.
Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos.
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize.
Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos.
Not to mention, the wealthy traveling with security entourages, buying $100 million properties, $50+ million jets, Jeff Bezos multi-million dollar yacht or the private islands they buy. The flex of the wealthy is a different flex than the flex of the middle class. But you’re in error to portray it as frugal. They spend their money differently.
Hilarious I literally know a rich person who has millions of dollars and has had millions of dollars since he was 16 years old and four cars.
He wears LV, Prada, all the time just paid 30k for rare Gucci coat
Just proves this video is bullshit
Exceptions don’t disprove the rule lol
I agree!!!! 👍🏻👍🏻but most millenia and gen z don't think that way!!
Well I will try to convince them!
Except the billionaire that are insecure or have a flamboyant personality
Who you thinking of?
@@DrBradKlontz tony stark😂well this one is ficitional tho
@@DrBradKlontz Howard Hughes
@@DrBradKlontz 😂
@@DrBradKlontz lemme think of the exception, maybe Yusaku Maezawa, a Japanese billionaire, he has a flamboyant personality type. But the easy one to list maybe the Hollywood or Celebrity type of billionaire, they like to show off lol
I'm going to have to disagree
Floyd Mayweather, Kanye West, and Rihanna’s are billionaires that constantly wear designer clothing. What is this guy talking about? Is having billions of dollars not wealthy?!!!
Those people are exceptions and wear brands that are given to them for free. They actually charge the company to wear their clothes. And in the grand scheme of things, they aren't even close to being the richest out there.
LOL you think they ain’t getting paid to advertise those brands? WAKE UP
@@DrBradKlontzI never heard any celebrity promoting nd telling ppl to buy those designers items these celebrities be wearing them for just attention if they were paid why don’t we see a movie actors artists with them designer junksss on??
@@sodazmanYes and no. They have all been paid before but Rihanna in particular has a HUGE Louis Vuitton bag collection that she’s most likely purchased herself and I know this because many are way before her time especially in terms of fame so she couldn’t have been gifted them. So that’s not always the case but that is somewhat true.
BS! Some actually do.
Fake news
@@DrBradKlontzLook at entertainers like Travis Scott or Kylie Jenner. They wear luxury items. Some non entertaining rich people also wear luxury. It’s more over to do with fashion than status. You’re trying to say that all rich people have a cheap outfit and all middle class or poor people wear luxury. What a joke 🤡
And this is not true designer stuff is all rich ppl wear but it's just not l.v or Gucci but I bet it's ugly ass hell but cost 2,000$
Most self-made rich people describe themselves as frugal
Frugal but they have a sugar baby that will buy all the l.v and Gucci up on ya card plus there frugal is still outrageous too us so shut up quit trying to be right 🤌
Yeah but yo sugar baby does it for you so you don't have too or can't 😅
lol you got a sugar baby?
Yeah it's your daughter 😅
$007Double0
If i was rich i would get myself a nice $700-800k house
3-4 bedrooms, 2 bathrooms
With a nice big enough front lawn
And definitely backyard or space to have BBQs (or in my case CARNES ASADAS...MEXICAN BBQ!)
And a garage
Cars: i would choose between
2003-2006 cadillac CTS
2010-2012 chevy camaro
KIA STINGER
The most expensive car i would want would be a 1969 pontiac lemans convertible. I LOVE classic convertibles!
I wouldn't need no damn ferrari, Rolls-Royce, Lamborghini, maserati
Shoes: I'd love to buy some nice jordans that i loved while in High school
( black and gold "shiny " jordans, white red and black nike logo RETROS!) Maybe 4 of those retro shiny jordans.
Not every single jordans and nikes there are.
And finally, some jewelry.
Not the most expensive fine jewelry, NO DIAMONDS.
Just GOLD. I like the look of regular gold more than the "fancy schmancy" look of diamonds and super expensive jewelry
Get me a box that can fit a good amount of rings.
Get me a couple of 30 in long , 8mm thick 14k gold rope chains with pendants
A gold nugget bracelet
2 rolexes
Day date with champagne dial
And another with black dial
(I definitely wouldn't be walking around everywhere i go wearing ALL my jewelry. A few pieces at a time and not everyday. Weekends and special occasions. I dont want unwanted attention. Assaults and GOLD DIGGING tramps!!)
I wouldn't get no YACHT , no mansion, designer clothes and everything else that BROKE ASS people get trying to impress god knows who or pretending to be god knows what.
I don't think it would hurt to spoil myself to SOME extent. Not with the most expensive, the best things there are. For example jewelry: gold , NO DIAMONDS!
Oh...and TRAVEL!!!! SEE THE WORLD!!
LOL.
That's my plan if i were rich
Facts
👊💥
This video is misleading as it alienates a demographic from wealth and misrepresents another. One prominent African American celebrity, LeBron James, prominently dons designer clothing. And anticipating your response to this, its a weak argument that those clothes are given to him for free to wear because you can barely tell what brand he is wearing without extensive research; such effort required to recognize a brand being the antithesis of marketing methods that brands like Gucci, Dior and Louis Vuitton utilize.
Better to state a majority (NOT ALL) wealthy people avoid clothing with flashy logos.