This Is Why The Rich Look Poor! (We Wish We Knew This Earlier)

This Is Why The Rich Look Poor! (We Wish We Knew This Earlier)

Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!

We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us.

[apollovizsla]

A quote by George Carlin: "Don't buy stuff that you don't need, with money that you don't have, to impress people that you don't like"

[gayhendrie]

My grandfather always told me never let anyone know what you have

[drkyasmar]

I’d rather look poor but financially secure. Than to look wealthy but wallet is empty.

[GrnChli]

My late father in law was a very successful Yale educated corporate lawyer. He never wore expensive clothes and drove a 1997 ford minivan. First time I went into the parking garage where he and his wife lived. I joked that his minivan didn’t fit the demographic. He responded by saying. ‘’I don’t need to fit a demographic. I just need to get my groceries home.”

[pa]

We were going out to dinner at an upscale restaurant with my multi millionaire aunt. She was wearing two different tennis shoes. I thought she didn’t realize it so I said, “Aunt Grace, you have on two different style tennis shoes!” Her reply. . . “I have a large bunion on my left foot and this tennis shoe (as she put her left foot out) is more comfortable than (she then put her right foot out) this tennis shoe.” She continued, “being comfortable is much more important than style at my age!” She bought us all dinner. That made her happy😊

[salve]

that’s because the more money you have or the more wealthier you become, the more you feel there’s no point in showing it off because you know you have nothing to prove😊

[andrewcho]

As a kid I used to think it was flex to show off your wealth. As an adult, I realize that the best flex is to knowing how to properly handle that wealth

[RC-Flight]

My 30 Something nephew showed me his new watch that he purchased himself. He said it cost him $560.00. He then looked at my watch and stated that he thought my watch looked really nice. I then told him that It came from Walmart and costs me $25.00. Both his watch and mine do the same thing, they both tell the time.

[christined]

I absolutely love the thought “your car payment should not exceed the amount you save each month.” That is fantastic! I think that is something everyone can understand better than a percentage. I love the content of your show! Keep up the good work!

[luongo]

As a multi-millionaire, I used to have my hair cut at a local Vietnamese barber homeshop for only $10. Now that I'm married and don't need to look that good, I cut my own hair.

I NEVER buy wine because I don't drink. And I bought my wife a Toyota hybrid for $21K.

No fancy cars to worry about getting scratches or damages. And no one knows how much money I have 😁

[CathyHolton-jhxv]

My neighborhood in New York had a lot of “Millionaire Next Door” types. They never looked poor. What I did notice was that they had good impulse control and were high income at the same time. They were either self-employed or business owners (or both), so they knew the value of a dollar and they didn’t spend recklessly. Their house was paid off, they leased nice cars, but not ones that were several times their annual income. One family I knew would lease a Lincoln that was often offered at a discount and they kept an up to date midsize SUV. They took a couple of vacations a year, cut coupons, bought off-brand, cleaned their own home and sent their kids to public school. They always had cash on hand for an emergency and lived below their means. Money didn’t control them, they controlled their money. Today, far more people are interested in looking rich than actually BEING rich.

[peterblair]

The way to tell a rich person? They're the ones that look relaxed. They don't have to worry about bills, health insurance, rent, etc.

[BBaldwin]

Rich people stay rich by living like they’re poor; Poor people stay poor by living like they’re rich…

[drkyasmar]

I came from a humble beginning. I am happy and thankful where I am now. I maintain to live in humble and simple life.

[evelynsaungikar]

I have always lived on half what I earned, so able to retire at 55. My single biggest discretionary expense every year has been charity.

[fnqadv]

Car loans are a great way to stay poor. No garbage about a certain amount being OK, paying interest on a depreciating object is financial suicide. Drive what you can afford to pay cash for.

[mikes.]

My girl and I just had the discussion yesterday of why we love our 2001 Toyota Camry with 114k miles on it.

[frankalexander]

My gross household income in 2022 was $700, 000. My net worth in 8 figures. I secretly get the greatest kick in appearing “poor!” I actually work hard in making people think that I have NO money!! Wear clothes bought at Costco, the Navy Exchange or AAFES stores. We still use coupons when we shop at the military commissary.

[samirbhalerao]

I remember one quote from "The Millionaire Next Door" which is "I don't have a big hat...but I have a lot of cattle". This literally means "I don't showoff but I have significant stealth funds"

[Cucumberflavoredmustard]

I spent some time in a high end resort town, and there were high net worth people everywhere. The thing is though, there were almost no fur coats or Ferraris. When someone rolled like that, people would snicker under their breath. The official billionaire outfit in a ski town, is Levi's and a Patagonia vest. Maybe a button down flannel, too.