Many rich people live below their means and only buy the essentials. Look at some celebrities that walk around, they dress average, some people that live in the projects wear more expensive clothing than they do. The richest man I know who makes over six figures a year, drives a prius and dresses absolutely normal to the point of blending in with everyone else. I remember him telling me this a long time ago, "Why do I have to wear expensive clothing for? I don't need to impress anyone. Have you noticed how poor people are the ones that are always wasting their money on expensive sneakers, cars, jewelry, clothing, etc? Look at me, you know where I got this shirt? Modells. You know how much I paid for it? 4 for $25." I remember it word for word because that's how big of an impression it left on me. After I heard that, I sold almost all my sneakers, bought myself a pair of converse, started wearing plain Ts, and have been saving a bunch of money since then. If you look at his friends, it's crazy how they dress, you would never be able to tell that they have money.
So my question is:
Do you think you can tell when someone has money or not?
Should he just dress in expensive clothing?
Do you agree with his quote?
Most Helpful Girl
Well, I was brought up on the "flaunt it and you will lose it". Guess it is a bit like the Uncle Scroodge syndrome as well. People who built their fortune gradually know the value of money and don't go out spending it just because they can. That is how they got the money in the first place.
People who flaunt it are usually newly rich who don't know better and will probably lose it all anyway...
Maybe you can tell by their attitude or confidence.1