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Author Topic: Being rich = not looking at price tag  (Read 1164 times)
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November 11, 2023, 02:15:21 AM
 #61

I was very lucky to have a father who taught me nothing but little life lessons growing up.  Whether it was little things or big, I was very lucky to be prepped the way I was.  I'll never forget us running in to one of his friends at the grocery store and having a brief convo with him.  Once his friend left I remember him telling me that the man was the richest man in the State.  He taught me how he didn't become rich by wasting money, and that even he saves up things like coupons.  That people didn't get rich by accident.  So OP you've got a very good point here.  People whom don't look at price tags end up becoming poor by being lazy and frivolous.

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November 11, 2023, 02:32:03 AM
 #62

You are of the reasonable side, OP. Certainly, you aren't filthy rich. Don't cite me on this because neither am I, but to be really rich is to pay enormous amounts of money for things that otherwise cost only very little.

I'm sure there are dishes out there that are served in very small amounts-- less than a mouthful in fact-- on unreasonably large plates that are very expensive.

To a certain extent, being rich means flying away from reason. Again, I've never been one, so you can challenge me on this, but there is no other way of explaining how a golden toilet paper, for example, is made and actually sold for $1.3 million.

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November 11, 2023, 03:03:47 AM
 #63

That people didn't get rich by accident.  So OP you've got a very good point here.  People whom don't look at price tags end up becoming poor by being lazy and frivolous.
People can also find it tough to suddenly become poor just because they made the wrong choice without looking at price tags. in reality, that's just one small mistake that can affect your finances in a short period but won't be sustainable. The smart way to buy things isn't just about looking at price tags, but it's also part of wise financial management. if you have $100 and you buy items in the $70-$90 range, it's not a good idea unless you're in a tight spot... at least, when you have $100, you can spend $10-$20 on items. the rest should be saved or invested.

Patience in buying non essential items should be a habit. Using a significant portion of your main funds has the potential to deplete your money quickly, and you miss out on investment opportunities.

Price tags also have a reasonable price range. You can tell whether a product is expensive or cheap based on the brand and the store that sells it. With plenty of buying experience, you should know where to find items within your budget. Ultimately, price tags make us wiser when we're not swimming in money... but im not forget about price tag, even it will not make you instantly being poor.
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November 11, 2023, 03:33:40 AM
 #64

He taught me how he didn't become rich by wasting money, and that even he saves up things like coupons.  That people didn't get rich by accident.  So OP you've got a very good point here.  People whom don't look at price tags end up becoming poor by being lazy and frivolous.

All people are not the same and those who become wealthy, some continue to maintain the same habits of watching every penny, while others take their foot off the gas and start spending more happily.

Although spending without stopping to think too much about the price is usually more of the second or third generation rich who have not suffered what it has cost to accumulate all the wealth they have inherited.

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November 11, 2023, 04:29:09 AM
 #65

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
I agree, but I guess you can look at it like they don't need to look at the price tag of a product they deem they want, not necessarily any product that they can buy. At least, that's what I'd think of whenever someone says those lines (or whenever I think I want a life like that).

However I guess this just hits people who still continuously buy the newer models of iPhone. Now those are people who don't look at the price and only look at the product.

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November 11, 2023, 07:03:03 AM
 #66

Well, to look past the price tag, you'd probably have to be very rich. Or be stupid. Money tends to run out quickly. Anyone who owns capital understands that money should always bring profit. Simply by spending it, it will disappear as desires can quickly increase. Therefore, a normal rich person will know the price of what he wants to purchase; of course, we do not consider those little things that seem important to us, ordinary people. But things like buying real estate or a business always require careful consideration of the cost. And from here we see the concept that rich people will always get richer. And those who do not know how to manage money correctly will go bankrupt very quickly.

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November 11, 2023, 08:06:05 AM
 #67

The richer the person, usually the less they spend and the more they scrutinize purchases. The exception being people who inherited their money. Any self made person has respect for money though and doesn’t waste it. This is sort of the weak men create hard times saying. Strong men build wealth and spend responsibly, weak men inherit it and spend like drunken sailors.

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November 11, 2023, 08:12:14 AM
 #68

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

We are human with different ideology, different societal believe and adaptation, so there is no way that we will like the same thing. I have seen a wealthy person with personality of show off and I have also seen wealthy person who like lowkey life, doesn't even want to be notice. If you should put the two of them in a studio for interview and asked them to justify "Been wealthy and show off", they are going to have different opinions and if you listen, you will understand that the two of them have valid ideas.

Its all about mindset, in football for example,you don't see Ronaldo as a wealthy person yet he love luxurious life and yet he spent more of his wealth in helping people and yes he is proud, that is his lifestyle and you take away that from him. On the other hand, Messi might not be as wealthy as him but been a rival in football for decades, he is also rich to some extent and he prefer to live average life, doesn't like to show off, some of the luxurious items you see with him are more of promotion that he doesn't have choice than to use in other to promote them. Look at Kante too for instance, he loves to use one car that is not even expensive, that is different personalities.

R


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November 11, 2023, 08:26:01 AM
 #69

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

Being rich is not equal to looking at the price tag but changing their lifestyle. People who are rich have been able to get what they want, but to maintain their lives at the same level, they have to spend more than normal people because they have to cope with their jobs, community circles, and everything else. Let me explain with one example: a friend of mine worked for a local company near his hometown, and after two years, he got a job in town at a high-tech company. Suddenly, he changed his appearance, dressing, and everything. It doesn't mean that he wants to show off, but he tries to adapt to his new city life. So the price tag is always an issue at a certain level for them as well, but they don't have a choice.

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November 11, 2023, 08:35:44 AM
 #70

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
I think this saying doesn't really mean that every time you wouldn't look at the price just because you're rich. Real rich people knows how to value their money since they worked for it. Yes, they spend a lot but they spend their money smartly. I think this saying only applies in some scenarios like going shopping on a brand that you often go to. You know the range of the items there so when people with money buy something from that brand, they won't bother considering much on the price since they know they can afford it. Additionally, this saying doesn't only applies to rich people. I'm not rich but when I have enough money and want to spend on something I want, sometimes it doesn't really matter to me how much the price is since I want that product and I can afford it.
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November 11, 2023, 10:47:34 AM
 #71

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

Rich people are always looking at the price tag, you know why? Because that's how they got rich, by valuing they money they earn and spending it to things that has the right value or has value to them. Rich people were not reckless in spending, again that's how they become rich.
The reality behind the people who don't look at the price tag is that, they aren't really rich, they are pretending to be and they tend to be showboating all the time.
Rich people knew how to spend wisely and earn even more wiser, so not looking at the price tag does not make any sense.

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November 11, 2023, 10:56:41 AM
 #72

IMHO, those that have that attitude when shopping are the middle class. Most of the rich people are acting well and they always check out the price tag because they don't want to be a crazy spender.

Rich people are always looking at the price tag, you know why? Because that's how they got rich, by valuing they money they earn and spending it to things that has the right value or has value to them. Rich people were not reckless in spending, again that's how they become rich.
The reality behind the people who don't look at the price tag is that, they aren't really rich, they are pretending to be and they tend to be showboating all the time.
Rich people knew how to spend wisely and earn even more wiser, so not looking at the price tag does not make any sense.
That is true, I agree that they are wise in money and if they ever spend on huge amounts, they would always think of many times before doing the purchase.


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November 11, 2023, 11:51:06 AM
 #73

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

That is all about the perspective. I mean if you are crazy rich, like Richie Rich then why would you want to look at the price tags for small to optimum stuff that is required on a daily basis? However, such riches must be looking at proper accounting when it comes to investing in large stuff like buying an entire villa, or maybe a private island or jet. Well, we can say that these are the choice factors that they might be considering while considering the cost. Because that actually costs them a huge chunk when buying. This is why I opened up a dialogue by saying it all depends on their perspective really and also what they buying and whats the value of the price tag/stuff that is under tender.
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November 11, 2023, 12:23:13 PM
 #74

Your price tag don't show that how much rich you are it shows that you are reach but every time showing rich is not worth it. If you are rich everyone aware with your financial condition your movement what you wear how you travel from a place to another place. That's all things show that's how much rich you are there is not any kind of price tag you have to show to prove your richness if you are rich everyone knows that on your movement your transportation etc.
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November 11, 2023, 12:27:48 PM
 #75

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
IMHO, the term "being rich means not looking at price tag" means that, if a person wants to buy a new iPhone or any other item and he has enough money that he doesn't care about the price tag and he buys it without worrying about the price he had spent on it then we can call that person rich who don't care about the price tag.

It does not mean the rich who don't look at the price tag will waste their money and he should definitely avoid that, but what this term would mean is, if you are rich it means you must be aware of the finances and must have some little understand that we should spend money on items that don't become a liability for us instead become an investment for us.

So, the rich are not idiots well if we are talking about some spoiled rich kid then it's another thing.

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November 11, 2023, 01:02:05 PM
 #76

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

Rich people are always looking at the price tag, you know why? Because that's how they got rich, by valuing they money they earn and spending it to things that has the right value or has value to them. Rich people were not reckless in spending, again that's how they become rich.
The reality behind the people who don't look at the price tag is that, they aren't really rich, they are pretending to be and they tend to be showboating all the time.
Rich people knew how to spend wisely and earn even more wiser, so not looking at the price tag does not make any sense.

Some self made millionaires are really into that since they always make sure that what they buy is really up to their budget and they don't want to exceed on their limits that's why they always look at the tag. For them money is not easy to earn that's why they need to protect their wealth that's why all their expenses is counted or monitored.

Maybe those people saying that rich people is not looking at the price is just looking at those guys who didn't earn that riches, they became rich its because there parents is so wealthy that's the reason why there's no guilt feeling at their side for spending a lot of money that's why maybe that's the reason why they don't care about looking at the tag since this people think that paying is not a problem for them because for them money is not really a big problem.

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November 11, 2023, 01:29:30 PM
 #77

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

Not looking at a price tag? I always hear this in networking business seminars when their motivational speaker has a mindset. Because that's one of the ways they hype their viewers.

Now here in what we are talking about, if you are a rich person, there are still many rich people who ask the price they will buy. Most of the rich people are stingy, that's why they always ask the price tag, but when it comes to their business, even dear, they don't mind the costs because, of course, it produces money for them.



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alastantiger
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November 11, 2023, 01:42:44 PM
 #78

I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
You want to earn enough money so you do not have to look at the price tag on the product then it means that you earned the money through fraudulent means or you are a trustfund baby, inheritance, gambling, as it is only those who earn through these means who doesn't value the work that goes into acquiring such money. They therefore spend it without a single respect for it. It you work for money through blood, sweat, tears, and you are rich, you will want to see that every single dollar purchase was worth it.

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michellee
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November 11, 2023, 02:42:48 PM
 #79

If I were a rich person, I would still look at the price tag of a product. If the product can provide benefits for me, I will buy it. But if not, I won't buy it. As simple as that. Rich people still look at the price before deciding whether to buy it or not buy it.

They do have a lot of money, but they also pay attention to the benefits of the product. Most people buy a product just because it is a new trend, so they forget its benefits. This is what makes many items in our homes not provide long-term benefits.

Rich people can also be wise when it comes to buying products. They will always check everything and often go so far as to compare one product with another. And if they get what they want, they will immediately buy it even though the price is expensive.

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November 11, 2023, 02:47:14 PM
 #80

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
You may be correct, and at some point you may not entirely be correct. You go for a product simply because you need or want that product so if you really wanted that product to the extent of going for it then that means the product is worthy of purchase and at that point the price shouldn't be the problem. Except maybe you really don't need the product or the product isn't that useful to you. For instance, you go to the supermarket to get groceries, you can't tell me you'd go and start looking at the price tags one after another before putting it into your cart. No you'll simply pick everything you need and ask for the price of everything, except you don't have that kinda money to throw around.

Or maybe you're looking for a quality clothing company to get quality clothes, and maybe you got a recommendation that suites your taste and fancy and you decide to go check em out. You get there, check em out and you're very impressed with what you see because it's like nothing you've seen before. Trust me my friend, at that point, if you're rich? Then the price wouldn't be a problem because you wouldn't mind paying any amount as long as you get what you really bargained for.

I'm not saying being rich should make you start spending on everything and anything you see and like, No, liking something is totally different from needing something. You can check for prices of things you like but when it's something you need? The price shouldn't be a problem.
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