8 Things Rich People Don’t Spend Their Money On

[Music] so last week I took out a small loan to buy the latest phone model I had to have it just as I'm walking out of the store I see a Forbes list millionaire talking on a model released five years ago and that's when it hit me rich people don't buy what poor people want and it's not just phones clothes and shoes superstars look like real stars in their stunning designer outfits poor minded people want the same and they'll save a few paychecks are going to debt to get the celebrity look truly successful people focus not on price or brands but comfort simple t-shirts and jeans that's all they're successful and confident they don't need to prove that through their outfits high ticket property penthouses mansions luxury villas so many people are ready to take out a loan and pay for it for the rest of their life if it means they can own some elaborate property not for the rich they'd rather buy a nice enough place where the price is right or they get an old fixer-upper and invest money to bring it back to life gadgets have you ever upgraded to the latest model even when you're older phone was working just fine we all do it some of us even take out loans or sell something to come up with the cash for a brand new super cool gadget why just to seem richer and trendier yet many wealthy and successful people stick with regular phones for several years and feel great while doing it loans cap says were on the subject this is a repeating thing when it comes to rich versus poor rich people avoid debt whether it's loans credit cards any kind of borrowed money for instant gratification poor people get into debt to pay off old loans and is just an endless cycle all for the sake of having things they can't afford but want to look like they can just doesn't make sense food put two dishes on the table one belongs to a rich person the other someone who's low income one plate is covered with steamed veggies grains maybe some boiled chicken overall doesn't that look appetizing the other mm-hmm a big juicy hamburger greasy french fries slathered in salt mouth-watering guess whose plate is whose the modest looking meal is common for the rich they'd rather it be bland yet healthy and cost-effective then delicious but bad for your gullet and your wallet because that makes sense the image you earn your first million and then comes that irresistible urge to spend it on a flashy car designer suit and dinners in the most expensive restaurants yet even some billionaires drive an old but reliable car use public transport and dress like the average Joe or Jane such people don't need to prove anything to others they get pleasure and confidence from what they do and this earns them respect not the sparkly material stuff get-rich-quick schemes I'm not just talking about investing in some shady pyramid thing it could also be seeing and paying a fortune teller or psychic spending money on bets and lottery tickets anything that promises instant riches and success what's the wealthy way to predict some events collect all the information and analyze it then make an educated bet it often works in their favor get rich training's do you think many rich people made it big because they went to some trainings with five easy step to riches for the low price of okay that's what the rich don't spend their resources on so what do they do with their time and money well for starters there's self-development not to be confused with those get rich trainings yes a wealthy person will never regret spending money on expensive courses to master some new profession or further develop an existing skill they made also pay for fitness club memberships this is an investment of money in oneself and it'll pay off in any case either this knowledge will help you earn more money or improve your physical and mental health charity rich people give millions to different charitable foundations plenty of them start their own and before you say well duh they have the extra cash to do that remember that donations aren't just financial you can also give your time by volunteering at local charities why because doing good for others makes you feel good it can keep negative feelings away and keep you on top of your game just try it you'll see technological development some very rich people feel that technological progress on earth is completely dependent on them with this huge feeling of responsibility they invest lots of money energy and time in the development of modern technology Elon Musk Bill Gates Steve Jobs not sure where we'd be today if not for people like them perhaps a little behind emotional wealth material wealth will fade over time but emotions remain in your memory forever that's why rich people travel so much and I'm not talking about these instagram-worthy beach trips staying in 5-star hotels now many rich travelers try to immerse themselves in the local culture that can often mean cozy bed-and-breakfast and small family-owned restaurants for a modest price business you know all those stories about people suddenly coming upon riches and blowing it all within a few months this happens because they don't follow the main rule for capital expansion any money should work for you if it's hidden under your mattress or being wasted on flashy phones clothes and have you then it's not working for you what's much better is making your money grow on its own savings accounts smart investments your own startups as long as you've done all the necessary calculations and research this untouched money will only make you richer doing versus dreaming many people dream of money visualize it drop pictures of the luxurious life in their heads unfortunately that's exactly where that dream stays in their head the right way is not to strive to be rich but to become a person who's worth a lot of money wealth is gained by very disciplined stubborn people who are ready to work for their goals it can be opening your own restaurant making that movie you've wanted to realize for years designing a new airplane model that will revolutionize the industry whatever's captured your heart while these people are out there making that goal happen money is attracted to them automatically and people who only think about money can spend their whole lives sitting on the couch and waiting for a miracle dedication it seems like rich people's lives are so easy and fun just work toward your goals and live modestly but that's far from the truth every minute is important in their schedule meetings conferences paperwork the gym family time flights more meetings reading and then you've got your basic physical needs of eating and sleeping somewhere in there not every person can handle the pace and all that responsibility what's the point of being rich if you don't even have time to spend your money think about it hey if you learn something new today then give the video a like and Cheer with a friend and here are some other cool videos I think you'll enjoy just click to the left or right and remember stay on the bright side of life

Channel: BRIGHT SIDE

Views: 2,145,921

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Keywords: successful people, do this to be rich, what the rich do, what the poor do, rich habits, habits of successful people, personal growth, poor people, rich people, wealthy people, save money, how to be productive, how to become rich, what rich people buy, what rich people do, what rich people do that poor people don't, how rich people think, how rich people live, how rich people spend their money, how rich people dress, bright side, bright side videos, money tips

Id: NdXvYV19rgM

Length: 8min 22sec (502 seconds)

Published: Mon Mar 16 2020