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Author Topic: Being rich = not looking at price tag  (Read 1169 times)
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November 14, 2023, 05:27:48 AM
 #141

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.
Wealth is always narrated by financial strength, assets and other forms of possessions that we have, wealth often makes the difference between one person and another. Human patterns vary in seeing the appropriateness of spending money on inappropriate payments, but for those who see opportunities, the appropriateness will be proportional to the investment value they buy in products that have resale value in the future. How many products have inappropriate purchase value and some rich people see this as an opportunity to make money in the future.

The difference between rich people and truly rich people is in the quality of their thinking, they buy things that are not appropriate for financial business needs, while rich people usually have the satisfaction of showing off to other people. Thought patterns will be very different and maybe some people do things based on considerations for their lives and after all, we ourselves know when we want to do something.

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November 14, 2023, 06:32:27 AM
 #142

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'm betting you that once you're so rich, you will definitely not look at the price tag, you are saying that right now because you're not rich or anything like that but once you're there, it's a whole different ball game. You'll probably only worry about the price tags if it costs you a million dollars or probably billion dollars but the hundred thousand levels price tag, you're not going to be worried about those anymore.



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November 14, 2023, 07:49:10 AM
 #143

Well I am not rich but I do know some people that do have alot of extra money. And they can be some of the most cheap people there is.
Some of the time people are very rich is because they do not spend alot of the money they have. So if they are cheap with their money they will have more.
I think if I was a rich person I would still look at the price tags. I want to get a good deal and not think  I am being taken advantage for just since I have alot of money.

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November 14, 2023, 08:16:00 AM
 #144

Well I am not rich but I do know some people that do have alot of extra money. And they can be some of the most cheap people there is.
Some of the time people are very rich is because they do not spend alot of the money they have. So if they are cheap with their money they will have more.
I think if I was a rich person I would still look at the price tags. I want to get a good deal and not think  I am being taken advantage for just since I have alot of money.
that's how people being wise in budgeting and savings, They keep on saving and investing so when the time came that they need money, they have something in their pockets. Example on what happened last pandemic season in our country, government announced lock down then all of a sudden, people goes to Supermarket and grocery store to buy stock foods and essential without hesitation and without having a budget list and it doesn't matter to them how much the total cost as long as they already secured their needs during the lockdown. In that way, you'll see that those normal people we don't think have money are actually rich in a simple way.



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November 14, 2023, 08:43:47 AM
 #145

"Being rich = not looking at price tag" - from my point of view this is totally wrong, as this means that a person can afford things. There are people whos fortune is estimated in millions or billions, but they have thousands on bank accounts only. Also people can use credit opportunities to buy things, they also dont look at price tags, but command to wrap item and go execute a deal.

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November 14, 2023, 09:46:13 AM
 #146

Just like what most people are saying, the rich people always make there things different but not all, now in this case not all rich men, the mind controls everything in human life so if any rich man doesn't care about the price that's just the persons mindest. cause since they have money they will buy anything they want regardless the price, even if the price keeps increasing they will still buy. But haven't heard about this price tag maybe I will observe, supermarkets these days put price on the product so everyone can see the amount of that product instead of asking questions, so placing the price of the product on the product I think everyone can see both rich and poor so I clearly don't understand. Although, it's better everyone should manage their money both rich and poor.
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November 14, 2023, 01:56:57 PM
 #147

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.
Wealth is always narrated by financial strength, assets and other forms of possessions that we have, wealth often makes the difference between one person and another. Human patterns vary in seeing the appropriateness of spending money on inappropriate payments, but for those who see opportunities, the appropriateness will be proportional to the investment value they buy in products that have resale value in the future. How many products have inappropriate purchase value and some rich people see this as an opportunity to make money in the future.

The difference between rich people and truly rich people is in the quality of their thinking, they buy things that are not appropriate for financial business needs, while rich people usually have the satisfaction of showing off to other people. Thought patterns will be very different and maybe some people do things based on considerations for their lives and after all, we ourselves know when we want to do something.
Not only how much one possesses, but how one uses those things. Rich people buy luxury goods to show off. These things rarely appreciate, therefore this is a short-term play. As you noted, the truly wealthy invest in real estate, stocks, and rare collectibles. Their wealth increases in value and number. They know money is about growth and sustainability, not just possession

Regarding your human patterns, the psychological components of financial actions are intriguing. The rich may buy for quick enjoyment or social status, reflecting a deeper need for affirmation. The truly wealthy appear to think differently. A well-executed financial strategy fills them with intellectual joy, not social acceptance. It's long-term gains and life ambitions that drive their decisions. This mindset may define riches. You should consider why you acquire anything and how it fits into your life strategy

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November 14, 2023, 03:28:48 PM
 #148

I guess it depends on what kind of stuff they are planning to buy. There are also levels of the rich. 7 digit millionaires might not care when shopping in a mall but they will absolutely ask for the price when it comes to very expensive cars and real estate. Most millionaires if not all cannot afford super yachts.

But even to the richest people in the world, there are still things they consider asking for the price. Elon Musk for example is worth over $200 billion but he needed partners and investors when he acquired Twitter. So it all depends on the level of the rich and the stuff they are into.

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November 14, 2023, 05:53:13 PM
 #149

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 it just means that they want to experience that when you want those items, you don't need to look at the price because no matter how much it is, you can afford it. It's not like before that even if you really like the items, you have to check the price before you buy why? Because your money has a limit or it may not be enough. So some people say that because they come from a poor family and that was their situation before. So they worked hard to get to the point where they no longer need to look at the price or hesitate to touch the items because they already have money.

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November 14, 2023, 06:44:52 PM
 #150

The items that the rich generally buy do not have a price tag, in fact any exclusive luxury store does not use price tags, True millionaires buy what they like... the price is secondary. Anyway, they also buy nonsense, they scam them, etc.  I don't know, your proposal is relative.
Rich people aren't bothered by scams and stuff unless it is something that takes away a significant part of their wealth which barely happens. So small scammers, shopkeepers, or anyone else who takes extra money or tries and scam rich people are not going to affect them negatively and they don't even pay attention to such small things because their wealth doesn't get lower if they pay a few hundred dollars extra if they are buying something expensive already.

You are right about big stores not having price tags. Stores, shops, markets, or any other place where only rich people go, they don't put price tags on things because as far as I know, people who are rich find it offensive for things that they buy or eat or use in any other way to have price tags.

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November 15, 2023, 02:23:19 AM
 #151

Not only how much one possesses, but how one uses those things. Rich people buy luxury goods to show off. These things rarely appreciate, therefore this is a short-term play. As you noted, the truly wealthy invest in real estate, stocks, and rare collectibles. Their wealth increases in value and number. They know money is about growth and sustainability, not just possession

Regarding your human patterns, the psychological components of financial actions are intriguing. The rich may buy for quick enjoyment or social status, reflecting a deeper need for affirmation. The truly wealthy appear to think differently. A well-executed financial strategy fills them with intellectual joy, not social acceptance. It's long-term gains and life ambitions that drive their decisions. This mindset may define riches. You should consider why you acquire anything and how it fits into your life strategy
Almost most people describe wealth like that and when we have a lot of money, assets and other possessions we will be considered rich in financial terms. In essence, we also have to differentiate between people who are truly rich and people who are rich just to show off the things they have. Rare collectibles will become quite valuable in the future and real estate also has good potential for making money. Truly rich people are much wiser in using their money for business because they study the potential for what will happen in the future. Social life will be influenced by the extent to which our relationships can compensate and not force ourselves to have luxury items to show off and almost no one who is truly rich does this.

There is nothing wrong with buying luxury items for use, but as previously discussed, buying something is based on what is appropriate and perhaps the wealth you have is in accordance with the item you want to buy. The most striking difference is that rich people who like to show off usually don't buy goods using cash but rather buy them by taking out loan and the like. This is what differentiates people who are truly rich from rich people who want to show off their luxury to others.

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November 15, 2023, 03:11:44 AM
 #152

What makes someone rich is because they realize that earning money is difficult and in this way they manage so that they don't spend money carelessly and that is the key to their wealth. So rich people keep looking at price tags because it is very important for them to know how much money they have spent, even in some cases they are very careful about price tags and compare them in several places to see which one is the cheapest and with that they can save more. Unless the person is a rich fool, they probably don't look at the price tag when buying something.

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November 15, 2023, 04:35:38 AM
 #153

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 how it should be. We check the price of the product and decide if it's worth its price. The saying "becoming rich means you don't have to look at price tag" I interpret it this way -if you became rich or at least financially stable, regardless of the price of the specific product, you can afford it to pay because you have enough money.

But it doesn't necessarily mean you'll buy anything just because you're capable to pay. Of course, we need to check if the product is not overprice and worthy to buy. We also need to be wise knowing that money is not easy to earn. Rich people are aware of that especially those who started not being a well-off.

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November 15, 2023, 12:49:59 PM
 #154

No matter how rich you tend to be, there is always a need to know price tag on a commodity so that you can check yourselfout, before you embarrass yourself publicly. Sometimes rich men don't go out with enough cash and even your credit/ATM card might disapoint you. There by making you look as if you are not eligible for who you poss yourself as
. Meanwhile you have it in your bank account maybe probably

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November 16, 2023, 06:50:04 AM
 #155

Not only how much one possesses, but how one uses those things. Rich people buy luxury goods to show off. These things rarely appreciate, therefore this is a short-term play. As you noted, the truly wealthy invest in real estate, stocks, and rare collectibles. Their wealth increases in value and number. They know money is about growth and sustainability, not just possession

Regarding your human patterns, the psychological components of financial actions are intriguing. The rich may buy for quick enjoyment or social status, reflecting a deeper need for affirmation. The truly wealthy appear to think differently. A well-executed financial strategy fills them with intellectual joy, not social acceptance. It's long-term gains and life ambitions that drive their decisions. This mindset may define riches. You should consider why you acquire anything and how it fits into your life strategy
Almost most people describe wealth like that and when we have a lot of money, assets and other possessions we will be considered rich in financial terms. In essence, we also have to differentiate between people who are truly rich and people who are rich just to show off the things they have. Rare collectibles will become quite valuable in the future and real estate also has good potential for making money. Truly rich people are much wiser in using their money for business because they study the potential for what will happen in the future. Social life will be influenced by the extent to which our relationships can compensate and not force ourselves to have luxury items to show off and almost no one who is truly rich does this.

There is nothing wrong with buying luxury items for use, but as previously discussed, buying something is based on what is appropriate and perhaps the wealth you have is in accordance with the item you want to buy. The most striking difference is that rich people who like to show off usually don't buy goods using cash but rather buy them by taking out loan and the like. This is what differentiates people who are truly rich from rich people who want to show off their luxury to others.
Its interesting how you think about wealth and how you can tell the difference between real wealth and showy wealth. Indeed, getting rich isnt just about getting more stuff; its also about using what you have wisely. What makes you truly rich is not just what you own, but how you think about things. Real estate and rare collectibles are good investments for the future because the rich know how valuable things are that go up in value over time. However, people are often pressured by their social groups to show off their money. Genuinely wealthy people dont give in to this. They know that real wealth isnt just flashy titles, but also stable finances.

I agree that buying fancy products on credit is a sign of showy riches. Its more about keeping up appearances of wealth than actually having a lot of money. What is the most important thing to remember? Managing and growing your wealth is more important than just spending it on nice things. Real wealth isnt just flashy money, its smart spending.

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November 16, 2023, 08:16:35 AM
 #156

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.
Wealth is always narrated by financial strength, assets and other forms of possessions that we have, wealth often makes the difference between one person and another. Human patterns vary in seeing the appropriateness of spending money on inappropriate payments, but for those who see opportunities, the appropriateness will be proportional to the investment value they buy in products that have resale value in the future. How many products have inappropriate purchase value and some rich people see this as an opportunity to make money in the future.

The difference between rich people and truly rich people is in the quality of their thinking, they buy things that are not appropriate for financial business needs, while rich people usually have the satisfaction of showing off to other people. Thought patterns will be very different and maybe some people do things based on considerations for their lives and after all, we ourselves know when we want to do something.
Not only how much one possesses, but how one uses those things. Rich people buy luxury goods to show off. These things rarely appreciate, therefore this is a short-term play. As you noted, the truly wealthy invest in real estate, stocks, and rare collectibles. Their wealth increases in value and number. They know money is about growth and sustainability, not just possession

Regarding your human patterns, the psychological components of financial actions are intriguing. The rich may buy for quick enjoyment or social status, reflecting a deeper need for affirmation. The truly wealthy appear to think differently. A well-executed financial strategy fills them with intellectual joy, not social acceptance. It's long-term gains and life ambitions that drive their decisions. This mindset may define riches. You should consider why you acquire anything and how it fits into your life strategy
Totally depending on someones personality imho, we do know that there are even people who arent even rich would really be loving to show off on whats new into them and there are really indeed people like that
without even trying to realize that even those millionaires around would really be just simply loving on wearing up simple shirt and shorts without much those jewelries or whatsoever unlike into those people
who do really love on showing off. On the time that they've been able for someone to overtake out about their posession then they do usually get angry or getting annoyed. This had been already a common
behavior as of this moment and its not something that you could really be able stop.

As a rich person then it would really be that normal that you would really be that always skeptical on buying things without having any real purpose or something that could really be beneficial on your part.
This is how real rich people would be thinking and not into those wannabes who do really just love for them to be called rich but on the time hits that financial problems
then this is where they would really be usually whine and would really be that tending to explain that they shouldnt have done this or done that.
Though it would be depending on you since its your money then its just normal that you would be having that full control.

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November 16, 2023, 09:05:06 AM
 #157

What makes someone rich is because they realize that earning money is difficult and in this way they manage so that they don't spend money carelessly and that is the key to their wealth. So rich people keep looking at price tags because it is very important for them to know how much money they have spent, even in some cases they are very careful about price tags and compare them in several places to see which one is the cheapest and with that they can save more. Unless the person is a rich fool, they probably don't look at the price tag when buying something.

  That's also what I know about most of the rich people, and of course for them, every cent they spend is too much because they know the hardship they went through before they reached the success of having financial freedom.

  Maybe the other rich people who don't look at the price tag anymore are the children of the rich who were born really rich because they haven't really experienced how to maintain the wealth that their parents have; they don't have that yet. Maybe they think that's why they don't have the price tag because all they know is that their parents are rich. You know what they want to point out.

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November 16, 2023, 09:14:40 AM
 #158

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 depends, I guess.

Lot of rich people don't bother about the pricetag because they can afford it even though they just want it. They don't care about a certain thing, if they want it, they'll buy it, simple as that. They have that kind of mindset since they have plenty of money to the point where they don't know where to spend it anymore. Pricetags at supermarket or in any luxury shop is just a normal thing to them, they don't even bother looking at it.

But there are few rich people who don't really like to spend their money on random things, they like investments and businesses, so they can have more money to spend on things they wanted to have in the future.
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November 16, 2023, 11:32:52 AM
 #159

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 depends, I guess.

Lot of rich people don't bother about the pricetag because they can afford it even though they just want it. They don't care about a certain thing, if they want it, they'll buy it, simple as that. They have that kind of mindset since they have plenty of money to the point where they don't know where to spend it anymore. Pricetags at supermarket or in any luxury shop is just a normal thing to them, they don't even bother looking at it.

But there are few rich people who don't really like to spend their money on random things, they like investments and businesses, so they can have more money to spend on things they wanted to have in the future.
I agree, it really depends on the person on how they spend their money. But some of them are the same as the second you mentioned. Rich people spend wisely, they only use their money for the things that can bring them money, and also for their daily needs.

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November 16, 2023, 12:40:09 PM
 #160


It depends, I guess.

Lot of rich people don't bother about the pricetag because they can afford it even though they just want it. They don't care about a certain thing, if they want it, they'll buy it, simple as that. They have that kind of mindset since they have plenty of money to the point where they don't know where to spend it anymore. Pricetags at supermarket or in any luxury shop is just a normal thing to them, they don't even bother looking at it.

But there are few rich people who don't really like to spend their money on random things, they like investments and businesses, so they can have more money to spend on things they wanted to have in the future.
I agree, it really depends on the person on how they spend their money. But some of them are the same as the second you mentioned. Rich people spend wisely, they only use their money for the things that can bring them money, and also for their daily needs.

Yes that's right, in terms of finance it really depends on a person's personality and character that he has, there are rich people who really value their money by not being too excessive in terms of buying something that is not really important to them, and also there are rich people who really like to squander their money even for something that is not really important, I think it's no harm and really out of the control of others because obviously they have freedom in terms of choosing something they want even though basically it's not entirely the best thing to do.

For the second point that I said above is none other than because maybe they think that they have considerable power in terms of finance, so maybe what they do is as a form of appreciation for the financial achievements they have managed to achieve even though basically it is not very good to do. But in general, in my view, usually rich people will be more considerate when they want to spend money, one of the reasons why they can reach the point of wealth because they have very good financial management, and with that it is only natural that they can achieve this wealth, and yes that's right friends, usually rich people prefer to allocate their money for positive things and the point they think is how to make the money grow and generate a lot of profit.

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