Why LOOKING POOR Is Important

🔗 LINKS MENTIONED IN VIDEO:

🔗 MY OTHER FREE RESOURCES FOR YOU:

✉️ MY FREE NEWSLETTERS:

⚙️ MY FAVORITE TOOLS & GEARS:

▶️ MY OTHER SOCIALS:

⌚️Timestamps:
00:00 Start here
00:08 Reason 1
01:26 Reason 2
03:46 Reason 3
06:10 Reason 4
08:00 Reason 5
09:09 3 things you should do instead
09:17 1st thing to do
10:18 2nd thing to do
11:25 3rd thing to do
______

Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[PetraHanner]

My neighbours started being very generous recently, giving me lemons from their tree and free eggs. I asked why, my neighbour said they thought I was struggling financially because I'm driving a 10 year old Toyota Highlander. I didn't realise my car made me look poor 😂

[LexPrima]

Looking poor - yes!

I was enamored to buy my first ever luxury branded bag - I saved up for it, because I thought I deseve something "nice" to elevate my look. The time I entered the shop, sales ladies barely entertained me, I inquired but I felt they were very disinterested. Came an older lady, and their mood suddenly changed. The way they entertained that woman compared to me was disgusting- I had to leave.

I had enough money to buy the bag in cash, I honestly felt really bad for myself. So bad, I abandoned the plan and hated the luxury brand industry. I just bought more stocks with the savings and treated my mom for a weekend trip.

Thank God they ignored me - indeed a blessing in disguise! Never looked back to luxury brands. Ever!

[Courtney-Alice-Gargani]

My dad gave me similar advice. I should look poor. Never brag about your wealth. Never tell your siblings, cousins, and aunt's and uncles, you're rich because they want a cut of your wealth. The minute a person wins the lotto everyone wants a cut of that money. I still own my Honda Civic for like almost ten years now. I plan on driving that car until it completely breaks down.

[Jimwood-ttje]

My wife and I live in the same middle class home we purchased in 1987. We paid off the house in 1992 and have had zero debt for the last 32 years. We drive cars that are 8 and 14 years old. Since we are retired, we have no need to buy new clothes and we have every thing we need.
I have no doubt our neighbors and friends just think we are two older retirees just struggling to get by like most retirees today. I have absolutely no problem with these individuals thinking we are just getting by day to day.
The reality is my wife and I have a net worth of more than $5 million dollars but we want for nothing and we don’t need a new car or a bigger and newer house. We are extremely comfortable living the way we do and have no need to impress others with our wealth.

[Javy_Valen_Tain]

The less you want, the happier you will be 😊

[qxrt]

The wealthy people aren't actively trying to look poor, they're just favoring pragmatism instead of buying into the overpriced luxury goods market. Calling this mindset "trying to look poor" doesn't really capture the same intent.

[camels]

As a 7 figure guy rapidly building his wealth, perhaps I can share some context to this video. While you are building your wealth you need to live below your means, or look poor, whatever you want to call it. This is because you typically are trading your time for money. Once you have sufficient investments such that you are no longer trading your time for money, that is to say your investments pay for your lifestyle, you can then start to enjoy yourself. Also realize the more stuff you have, the more repairs, insurance, etc you need. If you view your life as a balance sheet, and you should, repairs, insurance, depreciation, storage, etc, those are straight up financial losses, and all these items need your time and they restrict your freedom. To me, freedom is the ability to move wherever I want, when I want, and never have to worry about running out of money. Hope someone finds value in my comment.

[ThomasSmith-zq]

Anyone else here obsessed with 25 Money Secrets From Donald Trump? It’s like discovering a secret treasure map for wealth!

[Azel]

I'm noticing something strange in the financial space on Youtube. Many Youtubers are creating carbon-copies of videos within a short window. I saw the video on Middle Class Habits keeping you poor pop up on 3-4 channels a few weeks ago. Then I saw the same videos about net worth going up after 100k, then videos titled why 100k is not enough. About a week ago, I saw 2 content creators make videos titled "why looking poor is important" so I thought to myself "hmm, I wonder if this exact video will show up a few more time." Sure enough, here they all are. It's almost like there's a coordinated effort to flood the space with specific videos...

[RyanStevet]

There's a book called Hidden Time Wealth, and it talks about how using some secret techniques, you can overcome procrastination and accomplish anything in life. It's not just a bunch of empty promises; it's the real deal.

[ryan-patel]

Most important thing “knowledge” do not hesitate to invest in some good money books like “The Hidden Truths Of Wealth” that book helped me to start my first business, I have never read anything like money secrets which are in that book

[PK-dbqj]

I look poor.

Because I am poor lol

[surgeonvicryl]

My mom also gave me the same advice..to look poor and that materialistic things are not worth it but making the superficial things turn to something useful is much more fulfilling.

[JohnSmith-qefb]

My wife needs to watch this video so she will leave me alone about my wardrobe 🤣

[annjones]

This video is so true, I drive a modest car, use the cast iron skillets my grandmother gave me, have a small paid off house and when I do spend, I shop for bargains. Now in retirement I'm happy, comfortable and have more than enough to get by. This beats the heck out of keeping up with the joneses.

[Tamietwist]

I think its more about using what you have and buying high quality stuff that can last you for a while. It is less about who is rich and who is poor. I will never be the top 1% and I am oké with that. Do I sometimes want a new nice looking shirt or replace my old shoes? Ofcorse! Take care of yourself and focus on your own life 😊.

[Hunty]

Growing up poor always made me understand that it can always be worse than what I have now. Being poor made me confidant that I can cope without and am able to prioritise needs and wants.

[insidethebnb]

I'm so good at looking poor, I've signed up for food stamps, medi-cal, WIC, take the bus, and currently waiting in line at the food pantry. Also emptied out my bank account 14 years ago, shop at Goodwill,

[Jack_Clemans]

Thank goodness! I am REALLY good at looking poor.

[dan]

Bezos has a $35M car collection and a $500M yacht. He doesn’t drive a 1997 Honda Accord or attempt to look poor.