Difference between poor and rich behavior

[fuguebtc]

One thing you need to understand about the rich and the poor is simply because there are differences in income, so even if the rich buy expensive things, they will view it as cheap because it is cheap to them, while if the poor buy it, they will view it as expensive because it is expensive to them due to their income. Moreover, poor people are the most needy; they are a group of people that have higher tastes and cravings for many things, while the rich have already had the experience of such things before, so they are not that curious to buy such things anymore. That is why you see the poor in debt every time.

What is your basis for asserting that poor people are always in debt and that they are in debt because of their tastes and cravings? If you were rich, would you be willing to lend money to poor people or sell them expensive products when you know they cannot afford them? Or if you are poor, are you willing to borrow money to buy luxuries that exceed your income and expenses? I bet you're not stupid enough to do that and I think most poor people are as aware of it as you are. Not all poor people are ostentatious and wasteful...don't judge and think that all poor people are the same if you are not one of them and have never been in their shoes.

[knowngunman]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

I can see that even you that write this, you still don’t really understand what you are trying to say because I didn’t see much explanation about what you are trying to say. Poor people cannot afford expensive things, so poor people only buy what they can afford at the moment; rich people are the ones that don’t mind regardless of the price. They will purchase it; however, some rich people buy even the cheap thing at a high price due to the kind of place they go to buy it, or sometimes they don’t really bother to bargain once they tell them the price they will pay.

Lie seriously, I wonder how this thread manages to get replies running up to three, four and five pages because I find it hard to understand what Op was trying to communicate. Fortunately, reading some replies gave me some insight to make a little contribution too. How can he say poor buy because they just want to buy? Poor people are meticulous when it comes to buying because they have little to spend and make sure they spend it wisely. On the contrary, rich people sometimes buy unnecessarily simply because they have enough to spend. They don't consider whether it's expensive or not but they are part of the problem leading to high cost of things because they sometimes overpriced it.

[Republikcoin.com]

we also need to consider the concept of marginal utility, where the rich may not derive as much satisfaction from buying more of something as the poor would, due to the law of diminishing returns.

If we talk about the level of satisfaction in buying something between the rich and the poor, of course it is very different because the poor only need simple things to be able to get satisfaction in their lives. While the rich have a level of satisfaction that is above the average of the poor so that sometimes it can be a challenge in itself to get it even though they still have the ability to buy it. So it is clearly different and even you yourself can also see the difference through the level of difficulty of the rich and the poor where both will always be different in everything.

[Nothingtodo]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

Poor people will buy only what they can afford, but if they want to buy something beyond their means, they will have to pay for it, which will not be easy for them.
Those who are wealthy will buy luxurious items because they will not have to face difficult challenges or circumstances to provide for their finances.
But those who are middle class cannot afford to buy low quality things and cannot afford to live a luxurious life. They live their lives in a way that is somewhere between luxurious and low quality.

[YOSHIE]

Difference between poor and rich behavior

Whatever you say, ordinary people also know the differences that are felt by poor and rich people, especially in the economic sector, the difference is clearly visible, talking about certainly very clearly expensive Rich people do not need calculations in buying because they have money, what happens to the poor people just eat is adequate for them.

For this reason, the difference is far poor with rich, it is all because the economy is nothing else, the point: Whatever happens, still be grateful that everyone has their own advantages and rich and poor, that is life in the world.

[Egii Nna]

One thing you need to understand about the rich and the poor is simply because there are differences in income, so even if the rich buy expensive things, they will view it as cheap because it is cheap to them, while if the poor buy it, they will view it as expensive because it is expensive to them due to their income. Moreover, poor people are the most needy; they are a group of people that have higher tastes and cravings for many things, while the rich have already had the experience of such things before, so they are not that curious to buy such things anymore. That is why you see the poor in debt every time.

What is your basis for asserting that poor people are always in debt and that they are in debt because of their tastes and cravings? If you were rich, would you be willing to lend money to poor people or sell them expensive products when you know they cannot afford them? Or if you are poor, are you willing to borrow money to buy luxuries that exceed your income and expenses? I bet you're not stupid enough to do that and I think most poor people are as aware of it as you are. Not all poor people are ostentatious and wasteful...don't judge and think that all poor people are the same if you are not one of them and have never been in their shoes.

One thing I will like you to know, because I answer all your questions, is that when you are talking about things, you will always talk about the majority, and if the majority are involved in the act, then you will have to generalise it, which is the same thing that is happening to the poor people in the picture.

For your question. The first answer to your question is that poor people always see that they have to taste what the rich people are tasting; that is why they have a lot of cravings.

Secondly, in business, you will not deny anyone from buying as long as you know that they will be able to pay for it, which is applicable to loans. When given loans to poor people, you know they will work to pay it or collect, and one just has to settle the first loan, so denying them will make no sense since you are in business.

Lastly, you will never tell a poor person the truth in this world because no matter what, they will never accept their mistake and admit it; they always look for someone to blame. That is why even in your contest, you are pushing all the blame to the rich instead of focusing on the problem.

But if the poor will live life based on their capacity, I don’t think they will be in lots of debt. I know many poor people go into debt due to emergencies like health issues and others. Which, for you to escape that cage, you will have a long way to go.

[Scarlett_23]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

It is not true that those who have money are rich and those who do not have money are poor. I think the difference between the rich and the poor is in the human nature, thinking, decisions and habits of the person.

Buying anything other than their basic needs for the poor means wasting them. They do not know what investment is or they are indifferent to it for financial reasons. Buying anything other than their basic needs means that they will either have to borrow for this purchase or they will have to ask for help from someone.

On the other hand, the middle class has some financial knowledge. That is why the middle class prefers to save money. They prefer to deposit some part of what they get at the end of the month in the bank. But the middle class does not like to invest money at all
No, they do not want to take any risk.

But the rich people invest their money at the end of the month in new investments. Which helps them become richer. When the rich take loans, they use it as leverage. This increases their wealth. The rich also use their borrowed money to take risks in the stock market, Bitcoin, real estate, etc. Investments in these areas multiply the amount of their money.

[MissNonFall9]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

Every person in the world has a buying behavior and almost every person wants to buy the best thing within his/her ability. Again, you will find many people in the world who prefer to live a very simple life despite having a lot of financial ability. This type of buying behavior depends on the mentality of the person.

[MRY]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

Every person in the world has a buying behavior and almost every person wants to buy the best thing within his/her ability. Again, you will find many people in the world who prefer to live a very simple life despite having a lot of financial ability. This type of buying behavior depends on the mentality of the person.

Every person has his approach towards arriving at a certain decision including even in cases when they are purchasing an item. One part of the population believes that to achieve satisfaction, they should get the best quality goods they can afford, the rest of the population wants simplicity even when they could afford something of higher quality. This is not only with the focus on the realisation of some individual needs but the comfort level that people enjoy and the values they uphold as well. Not everyone determines pleasure from the price or a brand name, because someone views function, silence, or the meaning of a product on the purchase. Thus, I believe that decision-making largely stems from one’s perspective on life and what one perceives to be worth the while for a sole individual.

[bitgolden]

If you are looking at all groups of people the same, then we can't really see this and we should be looking at it person to person. Not every poor person is same with each other, and not every rich person is same neither, so we can't really look at this as a good thing to put them all on the same thing.

We can't really see this as a big deal for us, we are going to see all of these people react everything different and we can't see this we shouldn't consider this changing all that quickly. I get that we are going to see this as a group, but they are all different so there is a big difference between all of this and can't really make a big calculation or make a big argument about all of this without a doubt.

[UNTO Chain]

The difference between poor and rich behavior is that the poor people will always try to get a bargain, while the rich ones don't care about getting bargains because they can afford anything they want.

[Josefjix]

The difference between poor and rich behavior is that the poor people will always try to get a bargain, while the rich ones don't care about getting bargains because they can afford anything they want.

If these rich guys could loose all they got and go broke one day, they'll certainly developing the habit of bargaining more than the poor. Not bargaining is spending lavishly and I don't think the rich has these mindset of spending beyond their means, the rich pretends to not have much and may want to even cheat the seller by all means.

Rich guys never procrastinate and always want to execute any plan at hand, poor guys are the master of procrastination which often leads them to the pitfall of poorer groups of friends.

[justdimin]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

Poor people spending money is different than rich people spending money. I honestly believe poor people should be buying stuff that is the most expensive they can afford, surely not millions of dollars because they are poor, but get the one with the highest quality that you can afford. Obviously there are times when most expensive and highest quality isn't the same thing, so you look for the thing that is the highest quality you can afford to buy, that would be better.

Take a coat for example, if a poor person, who makes only a thousand dollars, spends a thousand dollars for a simple coat, they may not need another one for 20 years maybe, or at least 10+ years, I had one for 15 years for example, that means, the more you spend, the less you will spend. A rich person could spend 20k on a coat, and then next day burn it and get another one, you don't have that choice, so get the one that can last for decades.

[Despairo]

But the rich people invest their money at the end of the month in new investments. Which helps them become richer. When the rich take loans, they use it as leverage. This increases their wealth. The rich also use their borrowed money to take risks in the stock market, Bitcoin, real estate, etc. Investments in these areas multiply the amount of their money.

In other words you meant, better to take loan to invest in Bitcoin instead of going slowly.

I have to disagree if you said middle class people never invest their money. I have friends, they're middle class people, they do invest their money in stock. But the return aren't that much because their money are limited and the stock not bring much profit. But, the return is better than interest banks, they still not yet rich.

The rich take loan because they already rich in the first place, they have safety net in case it goes wrong, they can still pay off the debt. But, if the middle class take loan, it's either win or die.

[bangjoe]

The right sentence is probably a poor person to buy expensive items to be seen to have money by not understanding the value of the items they buy just to show off what they have bought, and people who buy assets or buy expensive items for business mobility that are done, for which whatever expensive items can also be made as mobility in business, such as getting client trust, people who have value will take this step to facilitate their efforts to facilitate their efforts, while the middle school there are those who are up to the top of the business.

[blockman]

The middle class are actually in a poorer situation especially here in our country. We pay taxes but we don't get to enjoy the benefits of it, the benefits are mostly going to the poor ones and they don't want to work the way the middle class people work. We're earning just enough to sustain food and bills and there is not that much left anymore. While the rich, they all have the freedom, they can get away with taxes by knowing the loopholes and the poor, they just live YOLO.

[Spaceman1000$]

Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

The poor buy high probably because when the product was available from the little price, they weren't having the funds to buy, unlike the rich who can afford to buy wether the price is high or low,  the middle class are always in-between they are nether reach Rich or poor, so they afford to get a product from the low price although they won't be able to afford much of it unlike the rich that can buy in good numbers. Middle class buy with credit because they can afford to pay later, probably at that moment, they aren't having but hopefully they will pay later. however in a just society, the middle should be higher in number than the other two classes, that's how we measure a healthy economy.

[Mrbluntzy]

The poor (many of them) may have a poor mentality of doing things but in what you have said, you are ignoring the fact that some of these poor people are just trying to make a living, they struggle financially, they lacks some information that the rich can easily get and most of it all, a lot of them lack the opportunity to acquire the knowledge that most of the rich people have. All of those reason contribute to the problem they are facing and for the financial aspect, it's a big problem for them, they might not have money to buy at a cheap price just like the rich would afford it anytime they want.

[GiftedMAN]

The difference between poor and rich behavior is that the poor people will always try to get a bargain, while the rich ones don't care about getting bargains because they can afford anything they want.

If these rich guys could loose all they got and go broke one day, they'll certainly developing the habit of bargaining more than the poor. Not bargaining is spending lavishly and I don't think the rich has these mindset of spending beyond their means, the rich pretends to not have much and may want to even cheat the seller by all means.

I bet anyone thinking because the rich have all the money they don't bargain before they buy things, that's pretty lies because the rich guys even wish their cars will go out and bargain more better than the poor before they buy things, the rich guys so not buy things to show off that's the behavior of the poor the only thing the rush guys does is that they always plan before spending money on things and they only buy the things that adds value to their lives not like the poor who always does things to please the people around him even when they don't have much funds. The rich will always bargain to cheat anyone selling because they will promise to always keep buying from the seller yes people will easily get fooled because they think rush people don't tell lies.

[Ryu_Ar1]

One thing you need to understand about the rich and the poor is simply because there are differences in income, so even if the rich buy expensive things, they will view it as cheap because it is cheap to them, while if the poor buy it, they will view it as expensive because it is expensive to them due to their income. Moreover, poor people are the most needy; they are a group of people that have higher tastes and cravings for many things, while the rich have already had the experience of such things before, so they are not that curious to buy such things anymore. That is why you see the poor in debt every time.

It's about how to look at it in the end but we also can't blame this behavior even though it is done by poor people and it actually makes their situation more difficult.
For the poor, sometimes we who feel like this, we sometimes want the same condition where we want to feel like buying something expensive or just want to fulfill their prestige.
Even though it was a mistake, in the end when the prestige started to get bigger and the lifestyle that was increasingly uncontrolled made it difficult for them to get out of it.

For rich people, it's actually the same, even though they always buy expensive things that will be considered cheap, but when we are faced with a lifestyle regardless of rich or poor, everyone will be in the same situation when they can't create a balance and only focus on prestige, so no matter how rich they are, in the end they will also feel their own difficulties in balancing their lifestyle, even though the impact may not be as pronounced when compared to those who are poor.