7 Main Differences Between Rich and Poor People
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- How to Become Rich. Not every rich person is born into a wealthy family, so how do so many well-off people reach their financial goals? A major difference between rich people and those who have money problems can be found in the way they think, act, and see the world. Check out these 7 differences between the rich and poor and use them as your own financial tips to become rich.
TIMESTAMPS
Rich people don't try to show off their wealth. 0:55
Rich people invest money in certain expensive items. 2:28
Rich people make their money work for them while poor people work for their money. 6:46
Rich people know how to manage their money. 7:42
Rich people see opportunities while poor people see obstacles. 8:18
Rich people concentrate on what they want to achieve while poor people focus on what they want to avoid. 8:59
Rich people face problems while poor people try to ignore problems until it's too late. 9:45
Music: Andrew Huang - Club
th-cam.com/users/audiolibrary...
SUMMARY
-Those who have a lot of money don’t always flaunt their wealth. It may sound surprising, but there's no real need to buy a pair of $1,000 jeans if you can find a high-quality product that’s 10 times cheaper.
-Things rich people don’t save on are: coffee machine, induction stove, LED light bulbs, energy-saving glass, thermostatic shower faucet.
-Rich people don't keep their income in savings accounts; they have funds in their budget that they can invest, and they do this regularly.
-Rich people don't overspend. If they use a credit card, they do everything to avoid paying finance charges.
-Rich people see opportunities for growth and success in everything they do.
-The rich are willing to overcome obstacles to achieve their goals. They realize that you can’t win without taking risks.
-Rich people choose to face their fears to become a more successful and powerful individual.
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Is there anything we might have missed?
BRIGHT SIDE Most of thee were wrong...
BRIGHT SIDE all are right
Richs flex with cars or womens.
Could you share your thoughts on the theme?
BRIGHT SIDE you have no idea about "rich" and "poor". I would recommend you leave your safespace and check what is the real world like.
I'm an old woman and the most important thing I've ever learned about money comes from this story. A man was attending a party and a friend pointed to a nearby person. This man is very rich. He works all the time to earn money. He never stops. He has worked and saved for many years and probably will until he dies. My friend walked up to the rich man and said, "I have something that you will never possess." "What?" the rich man said. My friend looked at the rich man and smiled. "I have enough." My wish for all of you is that you can tell when you have enough. Then, just enjoy and share your contentment.
Nice story.....
I don't think many will get it.
It is written.....pray for two things occurs before death. One, I do not have deceitful lips. Two, gypsy I neither be rich and become snared or poor so I need not steal and put the Lord to shame
Wow, this would make a beautiful illustration. Thanks for posting :-)
"I have enough" -ridicolously poor guy
Ameen.
Work hard but be content with what we have.
All the riches have been forgotten, so we are nothing special.
Have you tried investing before
Let's be honest, rich people don't watch this video.
R ay I watched this just to check if i'm rich or not, turns out i was rich without knowing it
R ay They do duh.
Vincent Van Schoor i think you would know if you were rich
Vincent Van Schoor but you are not rich in your grammar
Man-cool shazni oml
Instead of contrasting rich and poor, this video contrasts good and poor money management skills. There are rich people who squander their money, and not-so-rich people who learn good money management techniques and are able to turn their lives around.
Notice I said "not-so-rich" rather than "poor". Truly poor people can't buy even the $100 jeans mentioned here. They have to shop thrift stores or make their own clothes, cook at home rather than eating out, and must still often choose between eating and paying basic bills or health insurance. The "poor" in this video sound more like middle-class people who have yet to learn sound money management.
That said, this video has wonderful money management tips that can help many of us (myself included) improve our financial stability.
You know the reason Lamborghini or Ferrari don't publish ads
Cause the ppl who can afford them don't sit near tv
actually rich people don't buy those cars. they're flash cars and as the video said, they don't flash their money. instead they might buy a bentley or classical cars, or million dollar performance cars
You sure
@@adamkhabazian3249 Bro a car is something a rich person would spend his money
yng sags not necessary. A lot of rich people don’t spend their money on cars
@@trojanincrypter then on hot chicks maybe
The richer man is not he who has the most,
But he who needs the least
Agreed
James Aitchison Agreed. Case in point, uber rich multi billionaire Paul Allen from Microsoft, had a hangar full of expensive toys, but needed more time to play with it all. His biggest wish was to get a wife and kid, but bazillions aside, he seemed poor on human charisma, and died alone. Perhaps the diamond studded solid ivory dodo feather lined casket was a little comfort.
Aren't those kind of the same when taken literally?
The wisest statement yet.
Minimalism
Obviously, the maker of this video has never actually been poor.
The truly poor don't buy $100 jeans, nor $3.50 for a cup of coffee.
The truly poor use one bulb in a three-bulb fixture.
The truly poor wear thrift-store jeans.
The truly poor cook their own food, instead of eating out... and what they're cooking is cheap stuff that expands in water, like rice, beans, and macaroni.
Rich people have money to put to work for them.
The truly poor have to choose between groceries and medical care. There is no money to put to work for themselves.
How do I know these things? My husband became mentally ill... and eventually abandoned me with our two children to raise alone.
That's very sad and I'm sorry.
Rich people do cook at home though. My grandparents were wealthy and upper middle class with maids, etc, and my grandmother still cooked at home. I'm poor because of health and personal circumstances, and cook at home, but healthy good food like Peruvian stews, brown rice, chicken in pesto with veg, etc. Cooking at home doesn't have to be stuff that expands in water, you can cook healthy cheaply, veg from markets, end of day reductions, etc.
Oh, believe me, I know. But the poorest of the poor are not able to shop for good deals. It takes time and money.
I once worked as a home-health caregiver for someone who retired early from a 6-figure salaried position... she had a customized kitchen, with ALL the latest innovations, and threw away so much food! And she ate FAST FOOD most of the time! Why? Because she didn't want to get her kitchen dirty!
And then, I had to meekly stand and listen to her rant about how they are threatening to raise minimum wage! How it would make their fast food so expensive! I dared not tell her how it was for those single mothers trying to raise their children on only $15K a year... which is minimum wage. It's simply impossible to pay rent, electric, phone, water, and taxes, plus insurance, auto repairs, gas, and groceries... and that's not touching clothes, winter heat, school fees and supplies. It never ends. And there's only a day's wages between a roof over the head, and living on the street. If one has no education, it's nearly impossible to get a job better than minimum wage... so it takes two jobs to make ends meet. Which means the children have less home life. Which means the children tend to get into more trouble...
Why doesn't she go get more education?
I did. I got a 2-year degree, so I could hopefully get a better income. But that meant working fewer hours, so I could study. So I took out student loans, to make ends meet, while I attended classes.
But for the last 4 years, I've been applying for jobs in the sector I am well-qualified for (Medical office) but no one wants to hire someone with only education and no experience. I'm 55 now... and I wonder if I'll ever get an office job.
My body is wearing out and developing issues. Diabetes. Aches and pains... I'm so tired! But I have to keep working very physical jobs, trying to pay off these student loans. My current patient must be lifted from one chair to another...
At least my children are grown, and are productive, respectable adults. I feel my life work is pretty much over.
I have no real purpose for living anymore. Falling in love again is a pipe dream.
I'm exhausted. I just want to go home to heaven.
@@pollyjetix2027 so sad to hear. Your life story is so many others.. things really need to change for the better so that people aren't crippled student loan debt. Try to find a hobby if you can to give your life more meaning and maybe that hobby might turn lucrative
polly jetix so sorry to hear about that! I understand how hard it is to hear people that have a lot of money go on and on about how broke they are. Just out of curiosity, have you considered taking your experience and applying for scholarships to nursing school? I know the American Legion has several scholarships for moms that want to become LPN (or LVN, depending on your state). I work as a nurse and there is a huge nursing shortage in the US. Not trying to be unreasonable, just curious if this is something you would be able to consider.
I'm 55, and have feet problems now. Nursing isn't an option for me.
I need an office job, so I can get off my feet.
The Main Difference Between Rich and Poor: MINDSET. Period!
It's called perspective
So bucking true thats what i have been telling my friends this whole bucking time .... but little buckers wont listen they say its system and poverty is the reason why people are poor
with pfp
It's called growth mindset and fixed mindset
So if I think I'm rich that means I'm rich ?
The rich would rather invest than spend.
Very true lol
Facts!
Hello guys I'm a 18 year. I want to be rich some day. What's the best way you'ld suggest I get started?
@@chrisshishido9551 Trade the forex market. Or better still get an account manager to trade for you while you master his/her strategy. I make an average of $20,000 per week from account management services.
@@forexjames8266 Who do you recommend a newbie like me begins with? I think I'm interested in trading.
Poor people don't spend $100 on jeans. Middle class is a thing guys.
Think he is comparing upper middle who know how to save money and work hard vs entitled people who only live on a modest salary but spend beyond their means to show off.
I worked with some one like that. By no means am i incredibly wealthy but safe/comfortable would be a better word for it. I work in a factory if that will explain the rest of it... but any way the girl right next to me always had her hair done nails ect and would wear name brand closes to work where they get dirty and destroyed and brand new iphone ect... on a daily basis would be talking about how she cant affort to pay her bills... i worked the same job made slightly less bc i was prego and we got paod per part vs per hour and it was a physically demanding job and had plentt in the bank car paid off getting ready to buy a house... granted i am 2-3 years older but even when i was her age i still made sure i had all my stuff together... money managment is a choice.
Or just people amungst there own finacial groups... just bc tour poor doesnt mean your the poorest toi could be better off then the other poor person and it would probably be bc of some of the topics he brought up.
Not for long, sadly...
Hi I'm not sure if u have to go in to uand look back and see if u r. There
Proverbs 13:7
One person pretends to be rich, yet has nothing;
another pretends to be poor, yet has great wealth.
Amem..
@@closetsclosetsclosetsclose9250 niether does your comment :)
That's a proverb. It's not the truth. It's a warning. Daft and blind. What about the proverb in regards to judging. Huh?
Amen...
Lol that's taking the verse a little out of context but I get your point
$100 for jeans is too much . The max I spend on jeans is $40
100 is a pair of Levi’s... just get $100 jeans on sale 😂
Congrates u r rich
Yess same, and I only go up to 40 if it’s good quality
I usually spend 15 bucks on a pair of jeans. I buy them when they are on clearance!
When you’re tall, I mean a REALLY tall women then it’s hard to get jeans less than $55( on sale). I wish I was an average height female.
The most valuable lesson about wealth I ever learned was in my teens. It came from an old Greek philosopher (aren't they all?) whose name I have tried, unsuccessfully, to track down for sixty years. I paraphrase, "I never realized how wealthy I was until I went to the market and realized how many things I did not need".
I must be literally the poorest person ever bc i would never spend $100 on jeans
u r mentally rich
indi123 👍👍👍
Nope, Levi’s for life👍
Definitely, 20-50$ no more
Why not get a 1 dollar
This isn't a rich and poor list. This is a upper middle class and lower middle class list.
Cillian Barrett - Good point
Exactly! Imagine someone from the working class trying to make investment; they would get laughed at by the investee.
Also, what kind of poor person goes around buying pricey clothes?
Good job. “Upper Class” and “lower class” are just synonyms for “rich” and “poor”. You didn’t say anything useful.
Based off personal experience, poorer people tend to spend more money on designer brands and flaunt them around all the time.
Cillian Barrett thats actually true.
Rich-buying expensive products for savings
Poor-buying expensive products for show they are rich
Are you sure that poor buying expensive products for show
They are rich your wrong
I'm poor but I don't buy expensive products I love buying stuff but it's
Only use for emergency
Only use for emergency
Rich people buying things that bring them more money in a later moment!
Poor people by things for satisfaction, now !
Like car guys who drive hyper cars, yet you see them wearing Chuck Taylor's and G shocks.
Don't say poor
They're rich cause they try to save money, and the "poor" people just want to look the best and try to do everything to get what they want
@BallOnEm PBS this is the best way anyone could ever put it dude.
Reminds me of an explanation given to me once. When I was in grade school, I was bused to a very low income area for school. I noticed something very out of place there, which confused me. On a block of 10 multi-family houses, at least half of them had Cadillacs in their driveways. When I was in high school, I was again bused into another low-income area for school. Noticed more of the same. As a teenager, was less restricted in where I walked, and whom I would encounter. I spoke to a guy sitting out on his porch one morning, as we all walked by toward the school. I ask this man about this phenomenon. His answer surprised me, but clarified the issue fully.
When driving in his car, everywhere he went, people would see his Cadillac. Where he lived, everybody was all dealing with the same hopelessness of their collective financial situations. But out on the road, nobody else knew of that, and could feel like they weren't poor, even if only for fleeting moments. The "rich person" thinker, would have suggested that he should leverage the money spent on that luxury car, to propel himself out of such conditions, permanently.
Yeah, no I am pretty poor myself and I buy the cheapest pants or shirts I can find, tho I can't get as much cause of the house bills, it's hard to pay them..
Me: I'm going to buy a Coffee machine, LED lights, induction stove, energy saving windows...
Paycheck: hah! no you're not!
Me: looks at credit card...
Credit Card: Don't even think about it!
You heard about saving? It's this cool thing where you put aside a little money and wait.
Suddenly you have a lot of money saved up. Then you buy the stuff you want.
However, rich people also learn to moderate their spendings and pay off expensive loans, before buying money saving products.
@@ands1983 have you heard about this thing called bills, rent , food that eat up your entire paycheck . Hah , thought not
@@jinjutokkistudios6549 live within your means. Move to a smaller place, don't eat out, reduce your bills. Then you can save
Example: assuming you don't have kids, live in a studio apartment, a cheap one, not luxury, a little sacrifice now goes a long way later
Pay your car insurance semi annually to avoid monthly payment fees
I pay my cell phone service annually instead of monthly, ends up being $17 a month after tax for unlimited with 5gb data, just Google search it there are many providers that offer annual plans
These people have no clue. The coffee "machine" used in the video, a classic Bialetti, is nowhere near the price tag shown at $500, more like $30 (www.bialetti.com/coffee/stovetop/moka-express-c-1_7_22.html?zenid=ah51upuj9205usk1g7maq8maj1 )
@@dominick6131 You still have to buy groceries even if you don't eat out. And how does one reduce their utilities?
Well I just found out that I have the mentality of a rich person with the bank account of a poor person.
Thinking and Doing are literally just a few steps away from one another but can make miles of difference.
Wow
@Jack Chipps that's one way to tell the world your broke. :D
@@milkncookie i m broke
Thats another of telling that u r broke
'Rich people don't work for money, they make their money work for them'. I like that.
Right so Bezos doesn't work for money?So all underpaid workers from Amazon who can't really go to toilet are the money working for him?
They work for money. Bruhh.
@@Penguin982 yes but there's more opportunities for rich ppl basically the become richer.
@@IbarraAlejandro because they didnt spend there money thats why they become richer rather than a poor who spent alot of it instead saving it. Some of the rich especially millionaire get debt because spending alot of money to a things.
Ah, so a $500 coffee machine is producing coffee out of nowhere?
My caffe machine costs ten dollars from Family Dollar.The caffe I put in it is three dollars and fifty cents a tinfrom Dollar General. Delicious!
i have a $20 one and get coffee at Sam's for $10 that lasts a yr
Lol
Hahaha so true
@@brucemarsico6 You can buy a coffee machine for $10?!
Plenty of rich people flaunt their wealth. Poor people don't buy Porsche, Ferraris, private jets, $100,000+ watches, courtside sporting event seats and about a million more things.
Those are the families that loose their wealth in a single generation.
That is so true. YOU'VE NAILED IT!! SAY NOMORE
there is Rich people who are super Rich because of their position (politicians) and those who invest their money in the right place.
I think you mistake the rich from the filthy rich. The people that you mentioned are multi millionaires or billionaires. People who are "well off" are those that are mentioned in this video. They are what we used to call the upper middle class. Those that have maybe $500k-$1m. You don't see those people buying Ferraris, Porsche or diamond watches. You don't see these people going on their yacht sitting beside the pool with 10 hot girls in bikinis surrounding them sipping martinis.
Frozen Fire you are right but that so obvious distinction should have been made here, shouldn’t? Multimillionaires also buy luxurious products, clothes, cars, mansions. If not then who buys these things? Rich people had some business idea and make some over-average cash flow while poor and the middle class work for money and make more and more debts.
So...
"My name is Rich, but I'm poor..."
But you drive a BMW haha.
O really
Hey Rich.. Poor here...
nevessl yeah but he's showing off with the logo on the DP. That makes him poor.
nevessl 🤣🤣🤣
"what could you do to become rich?" Take calculated risks and live with the results. But taking those risks requires research, tenacity and focus in a world where people grow up glued to some digital screen and end up thinking like sheep.
Video: "See you ne--"
*Ad begins to play.*
Video: "--xt time!"
*Video ends.*
Me: That might be the most pointless spot for an ad, ever.
🤣
I think you meant differences between Rich people and wannabe Rich people.
Wow. So many likes. Thanks guys. That's a first for me.😁
Turifa Shafenaz a wanna be rich person is usually poor bc they are stuck in American consumption
But not all poor people are wannabe rich
@@Temchan17 Exactly.... And Americans are not the only poor peoples @LatinoPho
Turifa Shafenaz I agree.
most accurate thing i ever read today
This video seems more like a "Expensive things that are cheaper in the long run" than the qualities self made rich people have that poor people make.
It's not just these things, it's changing your whole mentality and playing the long game.
The main difference between rich people and poor people:
ONE HAS A LOT OF MONEY AND THE OTHER DOSEN’T
Flooding Diamond
Hhhhh
You are Right
@FloodLink r/whoooosh
@A Antonson Saving moneys. I dont know why other poor people didnt understand what this video say.
You're mistaken poor people with middle class people that are not poor.
True true
They don't even know how's the life of poor people.
Middle class does it still exist??
@@jean-noeljabagi3653 😄
Middle class actually means 💩 poor
@@kidshinditv3648 no it doesn't
That’s not true
Rich people show off too
Piano Master yeah they buy expensive stuff but nobody knows what it is, they big off production value not fashion trend
Haveck yah like expensive paintings and Lamborghinis which are both pointless besides flaunting your wealth
Most of those who were originally poor who got lucky overnight (rappers winning lottery/casino) or kids who dont make their own money (parents, etc).
The poorest man in the nearby park hills neighborhood (also a creeper) is the only one with a lamborghini "to try feeling rich" because he got newfound wealth and has no idea how actual rich people live. People still think of him as some low class bum who stole mommy's lambo or something because he makes it so obvious that he is new to this.
yes a lot
🙋
There are lots of differences between the rich and they poor but the poor can live up to the standard of the rich, it’s simple just by spending less and investing more that’s how the rich remain rich
You’re right 💯
Ben lucas wow! Great insight
Gloria Closs I’m a big time forex trader
William Wrate I’ll approve Mr Albert Micheal for you he’s trustworthy and best option ever seen he has helped me recover what i lost trying to trade on my own
My first investment with Mr Albert gave me profit of over $18,000 and ever since then he has never failed to deliver and i can even say he’s the most sincere broker I’ve known
I’m not rich or poor, just middle class.
middle class makes the world go around, with out middle class its middle-ages. a society whit just kings and peasants doesn't progress
I'm really poor, like I have only 50$. My parents don't give me money so I'm like that
I really don't know where I am..lol.
Good tips, for moving from middle to rich. However truth is, if you are truly poor you have to think differently. If you have five dollars to feed your family. A healthy meal cost 10, you must buy the cheap unhealthy options. Poor quality food can impair brain function and cause health issues. If you make 300 a week and your rent and utilities are 900, you are less likely to take financial risk if you have a family.
They work hard and they spend money...no we work hard and we pay our bills. It just happens to take up all our money 😕
Jessie Cator then LOWER YOUR BILLS. For example Turn off the cable, get a cheaper phone, a cheaper but equally reliable car, a smaller apartment, stop eating out, make sacrifices on intangibles like entertainment (You’d be surprised how these smaller expenses add up over time).Network with people who are going places.
Not directing this at you personally but you get the point.
I made this change in my life and I regret not having this knowledge years ago. Hope this helps...
@@ikeben400 oh thank you but I'm 50 years old, we don't go out to eat or have a car, you see? Some of us aren't throwing money away, we just don't really have any. Phone is 4 years old, house is paid off. Cable - Netflix - no we're keeping that, got to have something you enjoy 🙂
Again - this wasn't directed at you personally but to most people who complain that the reason they can't save money is because of bills. Nevertheless, if you don't eat out or have a car and don't splurge AND your house if paid off - if you consider yourself poor: WHERE ARE THESE SO CALLED BILLS COMING FROM?
@@ikeben400 what do you mean this wasn't directed at me? You tagged me lol. Bills happen while you live, food kids power taxes water schools.
I didn't tag you - I replied to your comment in a general sense of things.
In the first reply I specifically mentioned "not directing this at you personally but you get the point..."
Then in the second reply I further elaborated "this wasn't directed at you personally but to most people who complain..."
What else would you have me say? If you find it offensive then I take back the comments.
P.S If you have paid off your house and only have utilities, food and school (a major investment) to worry about - YOU ARE NOT POOR
Quality is more important not the price
I'm on my journey to becoming wealthy, thanks to the forex market. The best decision I made this year was investing in the financial markets even though I'm a full time nurse 😊😊😊😊
It's a great idea to diversify your portfolio Armandar. That's what the rich do.
Teach me please. How can I get started please?
@Andrew Johnstone Get an account manager buddy. That's the best way to make massive profits from the financial markets.
@@soiziszposis5977 Yh. That's what a lot of people keep saying.
Mentor me please. I'll pay lol
The main difference between rich ppl and poor ppl is
*_money_*
And DONT think if you have money, people arent ALWAYS trying to overcharge you or SCAM you out of it! This includes banks and other financial institutions. You have to pay constant attention to whats going on! DONT let other people manage your money, DO IT YOURSELF!
Larry Barker what.
You make it sound like "poor" people have no common sense.
It is just pure libertarian propaganda, of course they make it sound like that.
Please be free to show otherwise.
Manoranjan Das So because I earn very little money from caring for my disabled mother, that makes me a fool? Interesting.
@Manoranjan Das is as ridiculous as this video...ha ha...
@@youdontknowme3603 It's your life, not your disabled mothers'. How about getting a trusted professional to take care of her instead of being a momma's boy? Then you can use your most valuable asset, time, to earn more. You kind of are a fool.
“CONTENTMENT is the new RICHEST”
I just realised I am a poor person with an expensive taste and empty pockets😏
Evelyn Majola ummmm try to earn your money without relying on your parent’s money
Oof Mobile My 74yr old mom depends on what i EARN hence my empty pockets
That isn't the difference between rich and poor ppl
It's about the difference between proactive and average ppl
Davi Souza absolutamente !
Davi Souza correctly
Emma Money follows passion...
Emma Agreed. I’d rather have a job I would enjoy with perhaps not as great income compared to a job I despise but earns a lot. But money is also very important.
If you’re average, your income likely is. If you’re proactive (conscientious), you’re likely to have a higher income. Conscientiousness is the second biggest predictor of success after IQ.
This is true of old rich people. Younger wealthy professionals often break these rules. But I do agree that when you reach a certain status, you dont really feel the need to prove anything and you stop needing to feel validated. You tend to spend on what YOU feel is important. My clothes aren't the most expensive brands but yes I do shop for high quality items. Sometimes that can cost a lot, and surprisingly sometimes high quality clothes are cheap. And I invest my money. I dont live paycheck to paycheck. And I drive expensive cars that are paid off because I'm a car enthusiast.
I have less successful friends who are extremely image conscience and I think that's the overall message of this video.
D Kardashians spend a lot....I think it has to do with someone's personality...some ppl like flaunting while others don't
there whole business model is based on them spending
The Kardashians are internet influencers. Social media is their job which earns them money. 99% of people aren't influencers or celebs, weither they are rich or poor. So it is pretty pointless, dangerous and just weird for them to be flaunting their wealth on social media.
Poor people can't afford $1300 for a coffee machine. Yes you can save for a year but whose coffee would you be drinking in the meantime. Remember that you're talking about poor people not mid class
Matias Sebastian he said 1300 a year if u buy coffee every day coffee matches cost less than 500$
@@Bluntsssss exactly
This is ridiculous
You've clearly never been rich or poor
MAXIM EDITION nailed it
So is he saying that with a few fixes, all poor people can become rich?
MAXIM EDITION Says the middle class
Billy Moyet tree ur
I'm not rich and not poor enough but I can buy anything.
Old money doesn't feel the need to be showy. New money can't wait to spend it like a lottery winner
Julie Fraioli yes this is what I was thinking about the first statement
Julie Fraioli And then there is me, new money and old money I hold onto mostly, unless my big sister mentions wanting something or I REALLY want something... or if I'm told I should get it by someone such as my mom.
Mystery Potato it is how you obtained the money, if it is really your great great grandfathers money that has been passed down (not collections), then it old money. If it is allot of money your parents or you make it's new money, and turns into old money If the first few generations save the money and invests it, with the intention of passing it, and having them pass most or more of it
@@talonsilverhawk5763 I don't really have money passed down, my sister and I get money on days such as our birthdays and Christmas, which my sister goes through money quickly unlike me.
Sub to sub
I've been rich and poor monetarily in my life but I was always content, I've know many unhappy discontent rich people of all ages, they longed for power, the kind of power that comes with responsibility and headaches, I've also known poor people who were very down and out living on the streets, they needed money, some rich people can't get enough money, I've learned money doesn't buy happiness or contentment, but It does buy food and other things we need, money sure doesn't go very far today, it's expensive to live, esp for people with kids, if getting rich was easy everyone would be doing it, maybe it's easier and a lot less stressful to be content.
I think my mentality is the rich person one. My parents taught me from an early age to manage my own pocket money, and I only spend when I have to or if I can finally afford something that I've been saving up for. I can actually relate to many of those mind sets. I'm not rich, though. Neither rich nor poor. I live with my parents, and still in school. I watched this video out of curiosity about whatever it was. Less people in my country are either rich or poor.
Point 5 to point 1, agreed 💯! I think the reason some of us dislike this is because it struck a nerve. When I observe my rich friends vs the not so rich ones...I see the difference. At the end of the day it boils down to your mentality. We don't need as much as we are brainwashed to think we do. Minimalism all the way. 😏
This is not so right, because who are those who own the biggest houses in the world, the luxurious cars, the expensive jewelry, the first class flight tickets, the big schools, the flamboyant hotels etc This is to just let you know that the rich have a way of spending money extravagantly different from how average people do. Instead, these are the thought of economically rational people who are obviously not all rich . Some poor people do it too.
Nothing is right on this channel, this channel is a joke made to entertain little kids and adults with low IQs. Not even sure why this trash content is on my recommendations.
I’ve been seeing it coming on on mine as well 🧐 why!!? Why?!? Why?!???
You are right. The people on this channel have confused rich with well to do, who are people who are making a lot of money, let's say, $100,000 a year. Compared to someone who makes a million a year. Even then, people are different. One thing I have seen is those with new money tend to show it off, while those have had a lot for a long time, they tend to be very quiet about how they spend it.
How "rich" is defined is the contex that's missing in this video. The people you described are far and few between. This is talking about people who are in the hundreds of thousands, but still live around your area and live normal lives and can retire comfortably.
Okay I've watched the video and totally consider myself a poor person! What I think most of us have failed to grasp from the video is - those who spend extravagantly WITHOUT actual backup plan AND JUST FOR THE CAUSE TO SHOW OFF that they have money - are poor! Think of it this way, if you dont have an income to cover your expenses (extravagant spending, to be precisely) then how can you stay "rich"? True rich people spend 1 billion in a flash because they know it wont even put a dent on their net worth. They probably will earn a billion in next month or so (just an example). While people like me will read this on news article and blame fate/luck/govt etc lol.
My experience with "Rich People" is they can take advantage of creating businesses, having at least 2 sets of books & use tax loopholes to avoid paying as much tax as possible.
They don't face their problems, they pass them on to others to solve or to blame for their own short comings & mismanagement.
Seems to me, a rich mindset is basically a winner's mindset - and yes it makes sense.
There is no virtue in having lots of money, and there is no shame in having little money. Money is not what makes a person great or small. A person's character is a mark of true greatness. All the goods of this world pass away.
Who said rich people don't show off. I have a friend who keeps posting Instagram stories of high class restaurants and another who keeps sending snaps of each of her 7 dogs
He said most,not all.
David, what is Wong with you? Your comment is nonsensical.
Then if the video is to be believed, your friend is not truly rich - just trying to look like she is.
Of course, this doesn't account for people like the President, who do nothing with their wealth but flaunt it. But then again, although Trump is definitely rich, he's nowhere near as rich as he claims to be - so maybe it's sort of the same principle.
They were talking about the people with the rich mindset and who work to become rich every single second while your snap mates are the people born to a wealthy family. Those kind of people are just to show off and nothing else. Got it?
@@aleedaditya Most rich people show off. It starts with their cars.
Still people crying in the comments section instead of being out there doubling their 💵
Like you?
I’m forced to be poor because of taxes and can’t work.
@@niceplayertheyt5495 if you don’t work you don’t need to pay taxes. stop complaining and start working
@@Od1nsBeard Are you ok? My mum pays taxes all the time and she dosent work. Stop questining other people's experiences.
People are upset because they are being judged by how much money they have.
I have seen rich man where a 600 thousand dollar outfit the next month he got robbed
Conclusion don’t be a show off 👌🏽
*wear
The difference between the Rich and Poor is that most Poor people understand what Hungry actually means! WE have fallen for the Envy and Jealousy,and Greed of Materialistic Values,rather than the caring,sharing and Love values!! That is why people are always playing " keep up with the Joneses" life! Being Rich or Poor is a state of inner self! Materials gathered,aren't as valuable as projecting Love for your Neighbors or your Fellow Man!!🤔👍🙏
T. Soprano, I understand what you mean because I am ill and born into a poor family.
However, ask ourselves; wil it be any better, if we keep reminding ourselves of the negative situations?
We are not our mind, we have the right to choose how and what we want to do. "If there is no doors of opportunity, we must open our own windows".
I understand your message of loving your neighbors but the way you put it makes rich people seem like they have narcissistic traits
Gr ;))
*Ability is nothing without opportunity.* - Napoleon Bonaparte
AMEN!!!
So according to this video, my family is rich..
maybe Yes maybe no, but anyway, this video is so pointless that it hurts my but
Lol same
Wait I'm not middle class ,I'm RICH according to this useless video
Same, OMG
Same here...
besides... *Ability is nothing without opportunity.* - Napoleon Bonaparte
This was great info, I will use!
I love Bright Side more than any TH-cam channel.
I always shop smart, but I wouldn't say I'm rich! At best I'd consider myself living a rich life! 😃
Me too!!
hapwn yours is one of the only nice comments in the entire comment section. People are so bitter.
I'm poor
Campbell Quirk you should try acquiring a trade.
I will never understand people and their desperation in fashion trends.
Omg this makes my life changed. And my mentality and point of view changed. Thankyou so much bright side.
Hope you have many contents like these 😍🤩🤗 i love you bright side and bright siders 😘💕💕💕
If me, I like to buy a durable item. The higher the quality the more durable it is. The more durable the item, the less money you spend and less effort to shop. :D
well, according to this video, I'm very rich. Nevertheless, my bank account is not rich yet.....
Fermain Jackson I invest an Jesus the greatest that way I rich
even if you have mentality of rich person, doesn't mean you can become rich the video gives nice tips, but its for everyone remember only 1% of population is rich, rest of 99% is poor. It just matters how poor you are, if you're person knows how manage your money, make enough, don't worry about debt then you're basically rich to most common person.
+Victor Holmes Amen, Brother.
Lol..
@@kyotheman69 .. g.s2 2 , but
If I needed some new jeans, I would just go to a thrift store and spend $6 on a nice pair instead of $100.
Nocturnal X right $100 is a crazy price to me and $1000 like they mentioned is just insane and complete stupidity
they all look the same to me
This isn’t for the for the poverty level poor this is for the middle class poor whom have the money to invest
Sub to sub
Nocturnal than that's more sensible I think...then u must be the richest
Thanks for sharing with!
A superb analysis!
I think this was made by a rich person talking about the middle class. Poor people can't get a credit card. Poor people hardly can buy enough clothes for a week from Wal-Mart, much less buy high end clothes they can't afford. Poor people manage their money quite well when they have it. I've been known to stretch a dime. Poor people can't afford to follow fashion trends or invest money. Rich people tend to own their homes outright whereas, poor people pay ridiculous rents for a hole in the wall. Lets face it, rent takes over half of most of our salaries. Poor people are many times underemployed. No benefits of any kind or PTO. The rich usually have amazing insurance. Yes they have to pay for it but, they can also afford to pay for it. Sometimes, the poor remain poor because they are not willing to cross certain moral or ethical lines to become rich. That's not to say all rich people are immoral or unethical but, when you're at the bottom, some will behave badly to change their situation. There is a much broader dynamic than this even understands.
Yes. And he THINKS the middle class is THE POOR, because he is JUST THAT DENSE AND INSULATED!
I agree totally with your comment abut the rich and MORALS! As a retired Lawyer, I saw MANY A CROOKED LAWYER get rich, while honest lawyers made a decent wage and got stiffed by their clients!
Karen Thorne I know a few poor people who crossed that ethical barrier. I saw a few poor women steal older wealthier married men from their wives, or at least try.
Middle class people can still be rich
I am middle class and I am definitely not poor
Rich people have more money, there you go.
the thing is rich people don’t go crazy on spending a lot of money because they know they’ve worked really hard for it, they just spend on what’s necessary and on some treats. their kids are the ones most likely to go crazy on spending money
Even though some of the examples are a bit extreme, this video was very informative.
Being wealthy is definitely a mind set. Videos like this somewhat help put what’s important into perspective. If you don’t have the money don’t spend and at the end of the day...working hard and saving helps build wealth. When you are limited you do what you have to do to keep your head above water.
This video makes people believe, that it's basically your own fault, if you are poor, because it insinuates poor people having a weak charakter or not knowing "how to handle" money. However the people who made this video or rich people, who obivously think spending 100$ for a pair of jeans is considered as "poor", have absolutally no clue about what it's like to actually be poor. It's not about having no money for your daily cup of coffee. That's ridiculous. There are a lot of things in life you don't have ANY controll of, that can lead you into poverty from one day to another. For example a chronic or deadly disease or an heavy accident- just to mention two of many reasons. So if this people think poverty is about spending 100$ for your jeans, I hope they will never experience what poverty is really like. It's more about "how do I literally survive next month" and constant fear.
Thank you
If i spent thounds of dollars on a stove or shower that I cannot afford, I most definitely will be dirt poor. Your words are well written in truth.
mizzmolly. Not true. Some people get opportunities and can exploit them, but for many others the opportunities are not there. Many people, do not earn enough to meet their basic needs or they do take a risk to start a business that does not succeed, and are left with a huge debt that puts them behind further. Our culture only highlights stories of success. You don’t hear the stories of those who tried, but did not succeed.
brontewcat - You studied Library Sciences or Journalism, the internet wipes out demand for your skills. Even worse if you owe on student loans. You marry and have a couple kids, your partner dies without insurance (they had been a Journalist and got let go). You study Social Services and the economy tanks, government cuts down on social services spending, therefore no jobs. You work in the pulp and paper industry, the internet wipes that out. You build cars and the jobs move out of the country. A family member has a preexisting condition and becomes ill. A family member is falsely accused of a crime. I hated this video it did seem to be blaming people for not being wealthy, for not having the right mindset. I understand that LED bulbs last longer, but if I only have a dollar and no light, I guess I'll have to buy the cheaper bulb.
So is ok to spend a 100 on jeans? I feel better now. Thank you I meant it.
Love this..
In most cases, rich people has a rich daddy
欲言又止. True dat
Ya
Facts
Many rich people actually started out very poor. Some even homeless.
Nope. Not even close. A 2017 study by Fidelity Investments found 88% of millionaires to be "self-made". Another study by Dr. Thomas Stanley (author of Millionaire Next Door) found 20% of millionaires inherited their wealth and 80% started with nothing.
$100 for a pair of jeans?? If I had a hundred dollars. I'd put it towards my rent or 'splurge' on extra groceries instead . Please....
Yeeeeessssss
ikr? im in the middle class and i dont even own a $100 pair of jeans.
A 20$ jeans does the job just fine.
@@JoeDirtisawsome lol? you using some 50€ jeans (plastic bags) then XD
If I had 100 hundred dallors ill give to my family or save it for just in case or if I need something like clothes or my cat has to go the very or something or medication that I probably need just in case who knows when you need some money
You still have to buy the coffee to put in the machine
Jaeden Sanchez so true
But you don't have to buy it everyday, only when it runs out.
$500 for the coffee maker is all inclusive, it even has a midget in there that makes it for you.
Yeah I said that too lol
Pretty sure it still cheaper than buying coffee everyday.
This is opposite in Nepal
It should be added to point #2 that you DO lose money by saving money in a savings account.
Depending on how long you save. The meager interest the banks offer is usually around 2-3% LESS than the general rate in inflation.
Which, in the long run, means that the money you DO save loses up to half it's value. (Especially if you're saving for your pension.)
On the note of the question... I have many of the qualities that define how a rich person thinks, but there are a few things I could improve upon. This video had a lot of helpful advice, most of which I knew, but it cast a new light on a few of them. The metaphor with the coffee machine actually helped me gain some clarity on something I technically knew, but could perhaps need a better grasp on.
The rich stay rich by living like there poor and the poor stay poor by living like there rich !! ..... have a nice day :))
You nailed it man. Warren Buffet is worth billions, and he drives a Honda Civic and has lived in the same house since the 1960s.
Mario Mendoza cheers dude, most people buy things they not need with money they don't have to impress people they not Evan like !!!
*they're
I am UNIQE!! Get a life grammar police , some people have issue's spelling you know what I ment.
Mario Mendoza I guess Waren buffet think when he dies he gonna take his money with him it make no since to have all that money and live like a bum
$500 for a coffee machine? Are you crazy?
Simple solution, just buy the cheap instant coffee and use a tea kettle. No need for fancy creamers and others.
Stove top espresso makers can be found for $100, and they can make some great coffee.
come to Bangladesh...test the coffe...it will not worth more than 1 dollar :v even somewhere less than that :v
Why would I subscribe BEFORE watching your video ????
Nice and cool can't always be rich people it depends on heart. You can't tell if someone is good just because they are cool or rich, it depends on heart.
This video doesn't make any sense. "This is not the best financial investment and they don't have to prove anything." So buying yachts or planes or helicopters is a good investment? Or these assets are being bought by poor people just to look rich? And many many other things...
Rev I think you missed the point. Most millionaires live next door to you and you don't know it. They are frugal and have paid off cars and houses. I think you're thinking of rich people you've seen in movies?
Naomi, yup, i think you got it right, I think the majority of millionaires live in regular houses, drive regular cars, dress modestly, live quietly. But they worked hard, saved money, and invested wisely. By the time they retire, they will be secure.
Some rich people rent the yacht or helicopter to other people while they aren't using it to cover the cost. They would also use them while entertaining clients to give the client the impression that they made a lot of money so they would be good to do business with.
Just because they have 1 million in cash doesn't mean that they're rich.
I agree with your opinion.
Before reading this, if you don't understand the word _"generally",_ don't bother.
*Here is another fact: People of wealthy parents generally end up wealthy themselves, and people of poor parents generally don't.* Yes, that wealthy parents often have better economical sense and thus pass this one to their children explain _some_ of that. But you can't get around the fact that if you happen to be born to wealthy parents you are automatically granted access to a plethora of advantages in life others do not have access to(at least in the US, and of course the developing nations etc). Here are some examples: Wealthy parents have wealthy friends, this means that all your child friends are also well off. You also life in the safest and happiest regions in your country. The best healthcare and educational options are a given, you rarely have to worry(general worries yes, but you not the extra worries related to bad economy or work injuries) about your parents or general stability of your life situation. *In general: Less energy is wasted on worrying about the environment you are living in, so you have more energy to focus on starting your own life.* When combined with the fact that you have all the tools money can buy readily available... it explains quite well why my initial statement is true.
No, this does not mean that it's true for
I consider myself EXACTLY in between. Who else does?
It should not be diferences between Rich people and Poor people , but , Successful people and not so successful people
and let's be honest, these are the things our mother's once told us at least my mom.
Even the phrase "It will be a success because I will make it a success"
Define success, there are many different aspects to a 'successful life'. The extremely 'wealthy' people I know are not content because they worry about losing their wealth.
Wow....so I should spend $100 instead of $1,000 on a pair of jeans? Dude, $100 is just about double my annual clothing budget.
It appears you have visited the gentrified version of Poverty. You'd not like MY side of the tracks.
I got a pair of skinny jeans for $20.
I just buy 1 shoes 1 jeans and one watch and shert for 100$😂😂😂
even got a pair of off-white ones in size 8.5
So, I paid $20 for some jeans and like $95 for 6 items at a thrift store. I also have the coffee maker for $100. I cut everyone’s hair, including the dogs. I kinda think there’s more to this than just being rich and poor.
I only buy something expensive clothe wise if I know I’ll use it for a long time as I want it to be durable and pay its price.
Let’s be honest. Like most rich people they make their money the old fashioned way.. THEY INHERIT IT.
Sub to sub
Factually, that is not true. Its the mantra of those who don't want to sacrifice and work harder than average to succeed.
So true sir
Only something like 10% of millionaire inherited their money.
Scott Laxon actually 45% and those are the richest mostly
6:46 #5 Rich people make their money work for them while poor people work for their money-- Rich Dad Poor Dad. I finally reading this book.
I dont think a coffee machine and a light bulb is the MAIN diffrences between rich and poor people. But rather mindset, educations, goals, ambitions and motivation
Rich people never go into debt; they don't finance cars, they pay cash for a car they can afford instead. Rich people use debit cards not credit cards. Even if you habitually pay off a credit card each month, you are still buying more than you need to. Lots of research shows this. Rich people save money every pay check. You should aim to save 15% of every check. Rich people have an emergency fund of about $2000 that they never touch unless there is an unexpected and unavoidable emergency. This prevents you from having to borrow for life's unexpected problems. Rich people don't take out a 30 year mortgage. 15 years is the maximum and they focus on paying as much extra as they can over and above the minimum payment. Paying your mortgage weekly instead of monthly also greatly reduces the interest you have to pay over the life of the loan. Rich people cook at home and take their lunch to work every day instead of buying food out.
Paul Davis rich people dont have pay days, you don't know what you are talking about!
@@tesmith47 wrong. Most "rich" people are working people. Regular people who have saved and invested. They are knon as everyday millionaires. Take a look at Dave Ramsay's TH-cam channel for proof. The overwhelming % of millionaires in the USA are people with jobs and pay days. That's just a fact. And I am living proof. I am a regular working person and a millionaire. It is you who doesn't know what he is talking about and will remain "poor" :)
That's also a good list for how to GET wealthy- or at least better off than you are. Credit availability has ruined our ability to gain wealth. We were always close to the poverty line in earnings & had not a spare penny to "save". Over the years we managed to pay off our own home and property, cars, And continue to expand our assets. Once the big items were paid in full , that money could go into other things. ( imagine folks , what you could afford without a mortgage, rent, or car payments ?) We owe nobody anything and never have. You gain by accumulating, not by throwing cash away for temporary gratification !
Thank you for advise Paul. I am trying to apply this year. Much appreciated
Rich people do go in debt believe it or not
Answers as per Karl Marx : -
1. Rich people don't try to show off their wealth is false and propaganda.
2. Only rich people follow blindly the latest fashion trend.
3. Poor people wear trendy cloths because trends are set by garment companies of rich people.
4. Rich people invest money in certain expensive items because poor people priorities are different.
5. Rich people know how to manage their money. Its because they have surplus money.
6. "Rich people choose to face their fears to become a more successful and powerful individual"-- This is called vicious cycle of capitalism.
Because Marx is totally a smart guy who didn't lead to the death of millions of people: www.usatoday.com/story/opinion/2018/05/05/karl-marx-communism-death-column/578000002/
You might as well blame Einstein for Hiroshima by that logic. Marx wrote a few books highlighting the negative aspects of Capitalism and you're going to blame him for the death of millions?? lol, you're a joke.
stephan dijk That statement goes to show you how little your average person knows about Marxism. Karl Marx never said "Let's Implement communism"
Karl Marx actually said that capitalism followed by Democratic socialism followed by socialism... were all necessary stages in The evolutionary timeline for Humanity, before communism.
I so agree with you!
myblueandme Thanks from France camarade !
This video should also be called "7 ways to comfort yourself for being poor"
Kent Yip ow well😂
Judging by the comments this video struck a raw nerve with some viewers.
I'm as poor as dirt. I'm doing good just keeping my bills paid every month. I shop at the Goodwill or the DAV. I make sure the clothes look stylish. It's good to buy a few packs of RIT dye just in case for jeans, or just to switch up the color. I don't get my shoes there though. I make my own earrings and I go to the pawn shop for certain kinds of appliances. This saves me enough $$ for food. I make all of my car care products. For car maintenance products, I hit walmart. There's a lot of recipe sites on the web.
That's not a rich person mentality. That's the mindset of a Scrooge McDuck in the making -and I do mean that in the best possible way.
Yet you’re some how able to afford internet, a phone, the phone bill and all this... you’re not poor at all my guy..
Tracey Tango
If you are making all of your monthly bills on time, you are not poor.
If you keep up your current habits, like paying your bills, living economically, etc., there is a lot of hope for your future. Work hard, try to get a raise or a better job, stay frugal, live within your means, trust God, and in a few years, you may be amazed at how far you can go. I moved out at age 19 with nothing. And no education. I washed dishes, bagged groceries, mowed lawns. I was sinking fast. I turned to God, and went thru some tough times, but He turned my career around and in the end He gave me a great job. And I never forgot to honor God and to be frugal. Now I live comfortably. Don't give up!
Odellisthegoat I was thinking this
Striving for inner peace and tranquility should be the focus of each person. We do need money but besides feeding our egos we do not need large amounts of money to be happy.I knew a millionaire who could not enjoy life because of his greed for more. Focus on the whole person including your spiritual self....your health....help others....and you will have inner peace that money cannot buy .
But what if making more money helps you get to that inner peace because it helps you accomplish things you couldn't before? I mean money can't buy happiness, but you can use it to make problems go away that make you unhappy. I mean also you're version of inner peace can be obtained differently than other people, this advice only works in a perfect world, but people have their own dreams an aspirations. What if people like challenge and striving hard to earn so much money that they can just sit back and relax, what if they want to see how far they can go? getting to that inner peace is a good premise, but in the end it still comes down to what that peace means to the person gunning for it. So that millionaire could have been enjoying life cause he liked to get more and more money, rather than just settle. Helping people is good, morally. I mean heck one guy tried to break the economy for fun, for fun, it took another rich dude to bail out the government basically. We can say stuff like this, but the world is still gonna be the same, people who do what they want to be happy, whether it helps them or hurts them.
Use money to make problems go away? Like, hiring a hitman? XD
Jr. -very true😎
This went from a decent video to an ad about how to save energy real quick