Rich and the poor who spend the most on luxury?

[uneng]

Not that rich people don't care about their looks. I guess it's just that they aren't concerned about their looks all the time, unless they make a living from their personal image. Rich individuals are usually pretty busy, so they will naturally tend to go through the simplest way to wear themselves to save time and get more comfortable. Meanwhile, someone who is constantly concerned about his looks will have a hard time thriving, because he spends too much money on worthless things, besides not having enough focus and attention on matters which can help him making more money...

[atookz]

I once read a study in the book The Millionaire Next Door that rich people don't just spend money. They value money more by increasing assets and living below their means. That's why rich people usually look simple in their appearance because they prefer to buy assets. While poor people prefer to buy luxury goods without thinking about assets.

But that doesn't mean rich people don't wear luxury goods because they will definitely wear luxury goods but they are wiser in wearing them. But wearing luxury goods doesn't mean that the person is really rich. Because in my opinion the meaning of rich is not what is shown or exhibited, but from financial freedom.

[$crypto$]

Maybe we can see from the way that expensive clothes are considered rich people then I say no, because the things they have are tastes even though they are not rich people.

Rich people buy expensive branded goods and other goods - there are poor people who buy expensive goods say it is imposing then there are always people who buy expensive goods.
Poor people who buy expensive goods say that it imposes then there are always people like that, it is even difficult to compare it.

The important thing is that our own style is in accordance with its capabilities or not? If YES then go ahead it doesn't matter does it.
Usually rich people are always busy and never attach importance to items that are not too important.

[Roseline492]

As I was scrolling through my Facebook I saw this photo and how the image discribes the poor to be a kind of people that wears expensive thing to impress people to look like the rich, and the other way round, the rich appears to be simple probably not to be noticed as a rich person. My question now is that,

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

Well I will not totally agree that the poor are the only ones that normally dress that way because I have seen so many rich people who always buy expensive things especially clothes to show to everyone that they have all the money and I have also seen how a rich man intimated a poor guy even when he was at fault because he believes that the poor guy does not have anything to challenge him, so actually is not all the poor that dress that way and at the same time not also all the rich that also show themselves to people about the wealth they have, so the little I understand about those poor people who always disguise themselves to be rich is only if they are trying to belong to a kind of rich group or trying to impress someone that's when they will likely dress that way, however I don't even consider wearing clothes as a measure of rich because not everybody that loves fancy clothes.

[avikz]

Does wearing of expensive cloths, shoes and other expensive things a sign of being poor? Or does it mean the rich doesn't wear expensive things or doesn't leave a luxurious lifestyle?

This is a flawed philosophy! Take any Hollywood or Bollywood celebrities for example. They are ultra rich and their clothes and Jewelries are all expensive. Those are so expensive that no poor person can afford those. At the same time, as depicted in the picture, a poor person can't afford to spend 10 grand on clothing. So don't loose your sleep over such things!

There are many ultra rich people, like Mark Zuckerberg, Bill Gates or Warren Buffet, who doesn't wear designer clothing. It's because their focus is not to look rich and expensive. They are focused on their work and doesn't want to spend time on such things which doesn't add value to their life. This is a mindset of a handful of people in the world.

Even as a common people, not everyone likes to buy designer clothing. So the depiction is wrong and doesn't speak for the majority of the population. However, it closely matches with a culture called "Sapology" which is very famous in Congo and some African countries. Try searching Youtube and you will know why I am referring to this.

[Kcrypto18]

I do think there is some truth to the idea that some people with less money try to dress more luxuriously to 'fit in' based on what they perceive as fitting in or being wealthy from the media. However, it’s an overgeneralization to say that all poor people do this, and that all wealthy people dress simply because they don’t feel the need to. No matter how much money someone has, they might choose to dress a certain way due to personal preference.

At the end of the day, we shouldn't judge their financial situation just by their appearance. Like the old saying goes, don't just a book by their cover.