15 Things Poor People Think Rich People Do That They Actually Don’t

Most people want to have more money. Those interested in self-improvement want to know, "what is it about rich people that make them rich?" And, "how can I get more of that for myself?" So we learn more about the habits of wealthy people.

And when you look at the habits of the rich versus the poor, one of the first things you learn is there are certain things you thought rich people do that they actually don't.

Welcome to Insight Booth - your home of insights that inspire forever. Today, we are talking about 15 things poor people think rich people do, and it's a myth.

10 Ways Poor People Try To Look Rich | Things POOR People Do To LOOK RICH

📌00:00 15 Things Poor People Think Rich People Do That They Actually Don’t📌

00:27 1- Rich people inherited their money:

Poor people think the rich people mostly inherited their money - that's what we are used to hearing growing up. Some old money. The rich are rich because of old money. That is a myth.

00:51 2- Rich people don't have to work hard:

Poor people think rich people don't have to work hard. Well, guess what - according to some Rich Habits study, one of the reasons the wealthy accumulated so much was because they worked more hours than those who were not rich.

01:15 3- Rich people pay less in income tax than everyone else:

Poor people think the rich people pay less in income tax than everyone else. What do the MythBusters say?

01:57 4- Rich people live extravagant lifestyles:

Poor people think rich people live extravagant lifestyles. When we think about the lavish lifestyles of the wealthy, we envision private jets, yachts, luxurious vacations, and expensive cars.

02:35 5- Rich People Are Not Charitable:

Poor people think rich people are not charitable. Most of us believed from our upbringing that the wealthy were selfish and greedy with their money and despised poor people.

03:04 6- The Rich Never Worry About Money:

Poor people believe the rich never worry about money. Guess what - every wealthy person out there is scared out of their mind that they will somehow screw it all. That's why the rich are much more paranoid than everyone else.

03:34 7- Rich people know all the answers:

Poor people think the rich know all the answers. They don't. The better question is, "Why do the poor feel like they know it all?"

03:57 8- The Rich People Have Plenty of Time:

Poor people think that rich people have plenty of spare time.
Wealthy people value every hour of their life and stick to that value while constantly trying to raise it.

04:20 9- Rich People Wear only Luxury Brands:

Poor people think that rich people wear only luxury brands. Millionaires can afford the latest fashions from the top designers.

05:03 10- Rich People Buy Over-Priced homes:

Poor people think that rich people buy overpriced homes. Surely their home-buying budget is considerably higher, but rich people still hunt for deals.

05:34 11- The rich are rich because they just got lucky:

It's all about luck, they say. However, only 8% of self-made millionaires say they accumulated their wealth because of random good luck.

06:05 12- The Rich People Are Pompous And Ostentation:

Poor people think that rich people are pompous and ostentation.
What you find is it's an Ego thing. There appear to be a few levels of wealth, and you can see it all the time.

06:41 13- Rich People Are Lucky in Gambling:

That one is ridiculous, but I hear this quite often. First, rich people don't need to play the lottery since they are already rich.

07:12 14- Rich People Are Good At Saving Money:

This one is tricky. You see, poor people are excellent at making the most of their little money. The problem is that they don't have enough to save.

07:39 15- Rich People Can't Buy Happiness:

Poor people think that money does not buy happiness. Growing up, we must have heard this a thousand times. So we may assume that rich people were miserable saps - that's just ridiculous.

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[ecpeast]

Great content!
I consume financial literacy material like an 80’s kid with his cartoons. It just creates the right mindset for advancement, ya know.
Anywho, I just subscribed because this is actually solid material. Hope ya keep making it

[mashobane]

Poor people : Rich people sold their souls and made a deal with the devel to be where they are. So and so in their family was made a sacrifice. 🙄