8 Things Rich People Don’t Spend Their Money On

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What do rich people buy? Many of us think that wealthy people buy luxury things only. Of course, there are things that speak to a person’s financial wealth like expensive watches and fancy cars. Some poor people are ready to save their money for years or even take out loans to be able to buy these things. However, rich people around the world have gradually stopped indicating their social status this way.

For example, Forbes-list millionaires can talk on a phone model released 5 years ago these days. Yes, rich people don't buy what poor people want, and it’s not just phones! So here're symbols of wealth that are not trendy anymore. There are still many people who haven’t realized this yet.

TIMESTAMPS:
Clothes and shoes 0:25
High-ticket Property 0:52
Gadgets 1:12
Loans 1:38
Food 2:07
The Image 2:44
“Get Rich Quick” Schemes 3:14
“Get rich!” Trainings 3:42

What they do with their time and money:
Self-development 4:25
Charity 4:51
Technological Development 5:19
Emotional Wealth 5:44
Business 6:10
Doing vs. Dreaming 6:44
Dedication 7:32

Other videos you might like:

#howtoberich #richpeople #brightside

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Hey guys! Do you think expensive clothes are worth it?

BRIGHTSIDEOFFICIAL
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If you have $300, it's better to buy a cheap bag for $10, and have the remaining $290 in the bag, than to buy an expensive one for $300 and have nothing to put in the bag

riddles-life
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I am rich cause I am never broke because I live as a minimalist and don't require some fancy life style. I am very happy as a minimalist, it is so peaceful

ladybird
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I thought I was poor but just realized this video made me rich😆😆

shaileshkc
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"Not to strive to be rich but become a person who's worth alot of money" I like that statement

omgkeuri
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The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

jokeyvallage
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I have one rich friend that soooo humble. She famous because her kindness and funny personality, and not because her wealth. Also, not everyone knew she was a very rich person.

benokhattirach
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Effective money management is needed if we want to build a strong financial future tomorrow, I started out with 10k 3 years ago investing. I did two duplexes with seller financing. Fast forward to now. I am worth 500k and currently finishing my 8 unit apartment building. I am 35 and already retired from the rat race. Real estate and stock investing works if you are willing to put the hard work in. No one would loan me money and still wont to this day. I am working on fixing my past credit history. I still made it without the banks.

stacyandrews
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I am convinced the issue of fashion has more to do with personality rather than being rich or poor. For example, a rich guy will wear a 10 dollar t-shirt and a 50 dollar shoe, but top it up with a $ 30, 000 Rolex watch. On the other hand, I have seen rich people go all out and wear some really expensive clothes. My understanding is it depends on how they made their money. Self-made folks tend to be more frugal in their spending and would therefore wear cheap clothes. Most of them grew up poor, or middle class and still have some of their old habits. However, the ones with generational wealth will spare no expense when it comes to clothing. They are the ones that buy brands such as Gucci and Versace.

corvusglaive
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May Everyone whoever reading this be safe from Corona Virus.

MathswithMuneer
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Its not bad to have a dream to be rich or working to be rich.... The problem starts only when you compare urself with others....

monam
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Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

mayacox
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It’s especially worth spending money on high quality shoes and a high quality bed. If you’re not sleeping, you’re on your feet. It’s worth getting ones that will take care of you.

walter_white
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*Rich People:*
-Don't watch videos like these 😂

tanmay
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Most of this is relevant. Just 3 simple things, 1. Don't waste time 2. Find what makes you happy, and determined to work towards it 3. Help others, it would bring contentment

abhishekbhardwaj
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Rich or Poor it really depends on the person, personality, mood or occasions but it’s nice to dress simple when you are already rich than looking rich yet you’re broke.

rheanana.ph_germany
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Rich people want to be rich while poor people want to look rich. When I first heard this phrase it hit me hard and deep

arhgentumm
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Rich people like Late Steve jobs, Bill Gates, Mark Zuckerberg, Elon Musk and other can’t wear a branded clothes as they themselves are related to some specific brand and wearing them will automatically endorse that brand that’s the main reason why they don’t wear branded clothes and not the reason which you have mentioned in your video. Their clothes may cost much more than any other branded clothes who knows, until and unless u have met all above personalities and questioned them about their wearing. Lastly you should also consider how many cars they have and of which brands.

visionary
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Don’t compare rich and successful with poor. Rich people are born with money but successful people work hard struggle through time and then becomes rich. This cannot be generalized. It depends upon people to people.

sumitvaise
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I am poor but I don't have debts at all since birth, kinda proud of that. 😆😀

gildatimoteo