Being rich = not looking at price tag

[goxcraft]

The reason is actually quite simple. Psychological issues, such as depression and being unsatiable because nothing is ever enough, boost our dopamine levels as we seek instant gratification. Shopping is said to improve our mood, but its effects are pretty temporary. That's why it's common to see wealthy people buying a ton of unnecessary stuff. It's an undeniable fact that money plays an important role in your happiness levels; however, there's actually a study that shows that this effect applies to a certain extent; more money doesn't necessarily mean you'll be happier as a result.

Personally, I try to avoid unnecessary spending; I honestly prefer a more minimalistic way of living; and I want my purchases to get my money's worth. For this very reason, I'll keep paying attention to the price tag, no matter how much I'm earning.

That's one of the most unlogical absurd psychological issue we have. We should adjust our needs according to our incomes. That's because we have a fixed income, meaning there are limited options for us to choose from. Shoping can be done to improve our moods. But is it necessary? I say no. I imagine how a shopholic person lives out his person. He eats more then he can digest. This kind of irrational behavior will make him suffer in the long run. It's fine for the rich to spend recklessly. They have more than enough. But if you refer to those who arent that rich but still spends recklessly, those should stop at once.

[1714981365]

1714981365

[1714981365]

1714981365

[1714981365]

1714981365

[noorman0]

If anything the ones that look at the price tag the most closely are the rich ones, since they will not pay more than what a product or service is worth unless they can obtain an equal or higher benefit, and while it is true they buy luxurious watches and real estate, it is also true they will never spend that amount of money in a  product that was not worth it, so that kind of thinking can only come from someone that desired to be rich but that so far they failed to achieve that goal.

This is a picture of rich people who mostly reach old age. There are rich young people who have not yet reached maturity in thinking, where they more often act stupidly when spending money to further demonstrate their wealth status in social relations or are simply highly curious about the way other rich people live.

Well this is no longer strange in my country.

[jrrsparkles]

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

Sometimes, being rich will force you to buy expensive products for example have you watched any billionaire drive a Toyota?

No, they drive Rolls Royse because it shows their financial status and to be honest rich people like them to be seen in such a way but it applies to the actual rich people, not the wannabe for example who think that buying an Iphone means they are rich but actually the company is selling their product for the excessive cost and they created an advertisement campaign that if you don't have an iPhone then you are poor.

[Gozie51]

Exactly my point of view. I always try to find the best product and then look at the price. If the price is out of my budget then I try to look for the one quality that I can afford to buy. It is just one of the myths among the lower class people that rich people won't look at the price tag. What rich people don't do is bargin for price for a product. If they like the product's quality they pay the price if it's reasonable.

Rich people are of different class but however the reason it seem as if they don't price or bargain is because they usually buy in the supermarket where the products are all tagged and not in open market. Being rich is of different level, some bargain and buy in open market but the super rich get supplies and home delivery no matter the cost. Rich is classy in all ramifications and they usually don't joke with good products, price is not of essense to those who are super rich but not the average rich.

[Husires]

I traveled to some countries where you are rich if you do not have debts or if your revenues are equal to or greater than your expenses or even if you own a house or a car then you are rich. The definition of buying without noticing the price is extreme wealth for everyone. Every individual looks at the definition of wealth differently, but everyone agrees. However, the simplest definition is that you can buy the things you love, regardless of their price.

People love to own property and the quickest way to own property is to gain money.

[Spaceman1000$]

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.

Is a two-way thing, there are rich people that don't look at the price of goods or products whenever they want to buy something, I've seen some videos of Michael Jackson when he was alive, going to a shopping mall and pointing at every product he needs and they loaded it for him without looking at the price tag.

There are also rich persons that are very prudent with their spending habit, that whenever they go out for shopping they take out time to check the price tag of each product they want to buy, so they won't spend extravagantly. at this point, you see that there are two classes of people.
So you can choose to spend your money however you wish if your rich, because I feel is a mind set thing.

[goaldigger]

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.

If it’s about the food no questions about that, but if its about the things that you think is over price, I guess even if I’m rich I will still not buy it. There’s a lot of businesses that relies on their name that much, and they are too confident on their brand that’s why the price is too expensive most of the time but if you can find a better alternative, then why choose the expensive one? There’s a lot of rich people that don’t spend that much on material things, some are just living simple and a happy life.

[Y3shot]

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.

It will be unwise for someone to just spend money on things that is not worth spending much money on just because their excessive money to spend. Any person who works very hard to get his money no matter how rich the person is wouldn't want to spend money wastefully on things are not worth spending much money.  It is only a thief that will spend money on worthless things because he doesn't understand what it takes to make money. People who have value for money will always be conscious how they spend money.

[Dr.Bitcoin_Strange]

To cut my whole explanation down, people who will sound that way are people who have not really made the money they seek.

By the time they start marking money and see how uneasy it is, they will have reason to spend the money wisely in a way they can give an account of what they really spent the money on.

Unless someone abruptly gets a huge sum of money, they can spend foolishly until the money gets exhausted. As a norm, most rich men who has made a lot of money today is because of their effort, stress, and sleepless nights to make wealth. It's very difficult for such people not to look at the price of what they are buying. They will definitely look to see if the value of what they are paying for is worth it.

[Stalker22]

Overall I tend to weigh price and quality as the most important factors when deciding what to buy.  I wont buy something just because it is cheap if it seems like its junky or I dont need it.  But I also dont want to spend a crazy amount on something that is not worth it. Occasionally other stuff like certain features or my specific needs at the moment also play into my decision.  Like if something is really well-made and will last a long time, I might be willing to pay more than usual. But finding the balance between cost and quality is usually what seals the deal for me.

For example, when it comes to technology, I weigh features against the cost. A higher-priced gadget with advanced functionalities might be justified if it aligns with my specific needs and offers a significant upgrade in performance. But it's not just about big brands or ridiculous price tags.

[Ultegra134]

The reason is actually quite simple. Psychological issues, such as depression and being unsatiable because nothing is ever enough, boost our dopamine levels as we seek instant gratification. Shopping is said to improve our mood, but its effects are pretty temporary. That's why it's common to see wealthy people buying a ton of unnecessary stuff. It's an undeniable fact that money plays an important role in your happiness levels; however, there's actually a study that shows that this effect applies to a certain extent; more money doesn't necessarily mean you'll be happier as a result.

Personally, I try to avoid unnecessary spending; I honestly prefer a more minimalistic way of living; and I want my purchases to get my money's worth. For this very reason, I'll keep paying attention to the price tag, no matter how much I'm earning.

That's one of the most unlogical absurd psychological issue we have. We should adjust our needs according to our incomes. That's because we have a fixed income, meaning there are limited options for us to choose from. Shoping can be done to improve our moods. But is it necessary? I say no. I imagine how a shopholic person lives out his person. He eats more then he can digest. This kind of irrational behavior will make him suffer in the long run. It's fine for the rich to spend recklessly. They have more than enough. But if you refer to those who arent that rich but still spends recklessly, those should stop at once.

Unfortunately, it's quite common behavior. The majority of people I've met have the tendency to spend more money than they earn. While it's understandable to do it to a certain degree, it's ultimately disastrous for your finances. A higher salary should result in growing your savings account and putting some money aside for investments. At the same time, you'll be able to live comfortably while you'll be building your future simultaneously.

Improving your mood through shopping puts you in a vicious cycle of needing to shop in order to feel better. Whenever you're down, it provides you with the necessary dopamine boost, which will get you through a tough day. It's not bad to occasionally shop for a few clothes, etc., but it can easily become an addiction. Moreover, it can also easily turn you into a hoarder if you keep purchasing unnecessary stuff.

I haven't gone shopping for clothes for quite a while, and at the same time, I've gotten rid of older clothes that didn't fit me or were worn out. I've now tidied up my wardrobe and significantly decreased the number of clothes I had. I generally prefer to have less stuff that I'll actually use. I'm now claiming that I'm a perfect example of minimalism and against capitalism ideals. I've done my fair share of junk shopping from Temu or Aliexpress, but at least the majority of the items I bought were tools or that can be put to good use.

[franky1]

thanks to bitcoin my worry of money has gone..
i actually like the feeling of walking into a charity/thrift store knowing i could buy the whole stores contents. but even i will look at the price tag of individual items. being frugal is another method to get rich.. not looking and just spending is a way to lose your money.

i like going to car dealerships knowing i can buy many display current year models, but then ask to see their trade-in, previously owned, last year models

for people that want to get rich so they can spend without checking the price are the fools that will lose it all faster then they gained it.

you dont become or stay rich by spending it.. you become and stay rich by saving it. knowing you can buy anything you like but not having to buy everything, just knowing you can

[livingfree]

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's true.

I think it's just way simple bragging when they say that they don't look at the price tags anymore when they buy. But simply on their minds they're thinking if it's a worth it purchase or not.

Well, even the richest people, they're living within their means and they're looking at the price tags and they don't wanna spend their money on something that's not worth it.

If I become rich, I wouldn't apply that type of logic of not looking at price tags and say that I can purchase anything. The point is, you can buy everything but you know how to value your money.

[mirakal]

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.

This is actually a false belief. Even if you have all the means to buy, you would still want to check the price of a certain product so you can compare the prices and the quality of the product for you to be able to know which offers the best value of your money. That is not pertaining to how rich or capable you are as a consumer, but it only means that you need to assure yourself that what you bought is worthy of its price.

However, some may not consider looking at the price tags because by just looking at the quality of the product, they can decide already if its worth to buy. But people these days are becoming more practical. They will check the price tag first and decide if its worth buying or not.

[Kelward]

An individual that doesn't care to look at price tag should either be stupendously rich or simply stupid, especially when buying in large quantity. This is by no means coming as an insult to these people, at least one thing is clear that person does have enough money to throw away, perhaps he has a store house of money. But seriously it depends on the type of items that the person is picking, if it's something like petty goods that doesn't cost much that the person is picking in a fancy shop, he might not bother to check the price tag or ask price, because he'll think that they'll add extra money for the comfort of their store. You might even feel pleased and not mind buying at a higher price, because you'll think at most the seller will sale at double the price.

It's OK for a rich person to not consider looking at price before buying, it might be his way of enjoying himself, so why worry for him. But if a poor person doesn't look at price before picking and willing to pay at any price, well I'll  say the person really needs mental care.

[Captain Corporate]

This doesn't make sense to me, why would I be willing to get scammed just because I am rich? I mean "not having to look at the price tag" as an option because you are way too rich is understandable, but that doesn't mean that you shouldn't, you should still look at the price tag no matter what. This is a typical "comes from money" type of action, if you were born in a castle and lived with rich parents all your life long then maybe you would do this, but that doesn't change anything, you SHOULD look at the price tag. Anyone who wasn't rich from birth would know that just because you have the money, that doesn't mean you should pay ten times more than what something is worth.

[freedomgo]

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's really true, there are very rich people that don't look at the price tag when they are buying things but that doesnt mean they'll pay an overprice item because even if they are not looking at the price tag, they know the price range of what the are paying.

Don't think that if someone that is so rich pays for an item that has an unreseonable price they won't complain after the item is punch on their card. These people reach on that status because they know how to manage their financial aspects effectively, so they won't be wasting money if it's not worth it.

[abel1337]

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 don't see anything wrong with that kind of mindset if you understand the value of your money. Understanding the value of your money would make you cautious on the things you purchase if it is worth it, no matter what the price is, if it's worth it you will buy it. That kind of mindset is about the worthiness of the purchase, if it's worth no matter the price is. One situation where it is applicable is where you treat your whole family and not caring about the money you will spend, you are just caring about the quality of experience you and all of your family member will have after spending your money. Seeing your family members happy with the treat you gave is reasonable for what ever money you had spent.

For me, as long as we are happy, the happiness we receive or gave is more valuable than the money we spent. It is why we are striving to get rich right?

[poodle63]

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's really true, there are very rich people that don't look at the price tag when they are buying things but that doesnt mean they'll pay an overprice item because even if they are not looking at the price tag, they know the price range of what the are paying.

Don't think that if someone that is so rich pays for an item that has an unreseonable price they won't complain after the item is punch on their card. These people reach on that status because they know how to manage their financial aspects effectively, so they won't be wasting money if it's not worth it.

it honestly comes down to personal preference and thoughts process, there are some rich people that spends their money on something branded with overpriced price which definitely screams overly consumtive behaviour but they didn't care because whatever they are buying their income gonna exceeds their spending.
sometime some people just got too much of an income that they are buying something without even looking at the price tag but honestly its definitely wiser if someone could spend less for something useless and instead spend for something better regardless whether they have high income or low income after all, being responsible toward spending is always good.

[BitcoinTurk]

Of course, it isn't reasonable to pay a price for a product or service that is much higher than it deserves or is worth. In a previous comment, I made a sentence like a rich person buying a product without looking at the price tag means that that person is rich. What I meant here was to say that price doesn't really matter to a rich person when purchasing a product. To be more specific, an individual who is unemployed and doesn't have any regular income may choose cheap brands to spend on clothes or may decide to purchase an expensive brand's product after looking at its price tag. However, a rich individual will not check the price of an expensive macrame product because his/her financial situation will be sufficient to cover the price of that product.

Of course, it is very unreasonable to pay a price for a product or service that it doesn't deserve or exceeds its value. However, it shouldn't be forgotten that rich individuals generally buy these without checking the price tags. I would like to point out again that although the price of a product or service is above its value, unfortunately many wealthy individuals buy it without checking the price tag. Although this isn't a logical thing these people behave this way because their financial situation allows it.