13 Things Rich People Don’t Spend Their Money On, While Poor People Are Ready to Take Out Loans for Them

There are things that speak to a person’s financial wealth. Usually, they are things like fur coats, fine jewelry, and expensive watches. Some poor people are ready to save their money for years or even take out loans to be able to buy these things. However, rich people around the world have gradually stopped indicating their social status this way.

We at Bright Side are big supporters of sensible spending and that’s why we want to highlight symbols of wealth that are not trendy anymore. There are still many people who haven’t realized this yet.

1. Gold jewelry

Stylish and wealthy women usually wear a moderate amount of gold jewelry when attending events. In addition, the quality of these items is the biggest priority for them. Some of them even prefer large jewelry.

For those whose financial position is not stable, buying gold is still considered an investment. It is believed that by buying a gold item, you create a stash for rainy days in the form of a gold chain or a ring. That’s why poor girls prefer to wear jewelry with the mantra: “I’m wearing the best of what I have.”

2. Clothes and shoes from expensive brands

Oftentimes, even very wealthy people are indifferent to branded clothing and wear ordinary, mass-market jeans and sweaters that are basic items in their wardrobe and in their everyday life. In one of his interviews, Bill Gates outlined that the watch on his wrist cost $10, despite the fact that he could afford millions of watches from the most famous brands. Instead of shopping, rich people try to explore the other pleasures that life has to offer, like entertainment and travel. This means more to them than a brand new bag.

3. Plastic surgery

Earlier, plastic surgery was pretty popular around the world — everyone wanted to have a perfect body and a flawless face. Rich men would even offer to pay for the transformation of their “chosen ones,” while the girls didn’t mind at all. Today more and more celebrities and wealthy people are against plastic surgery and are promoting having love for one’s body and wrinkles.

Meanwhile, many girls are still ready to cut back on a lot of things in order to save enough money for lip and breast surgeries, as well as other procedures that could help them look young and meet the current understanding of beauty ideals, which are actually fading into the past.

4. Fur coats

Famous designers and their wealthy clients are refusing to wear fur coats, since they believe that it is unethical to wear them. There were cases when animal advocates poured paint on girls who were wearing fur coats. In addition, California state has a law banning the wearing and selling of natural fur.

But fur coats are still considered a luxury item and an indicator of social status for some girls. However, theoretically, they can be easily replaced by frost-resistant down jackets, winter coats, or warm fur coats that are made of artificial fur.

5. Flying in business class

Rational people around the world want to travel modestly, even if they have the financial ability to pay more. For example, the founder of IKEA, Ingvar Kamprad, believes that flying business class is an unnecessary luxury, that’s why all IKEA employees, despite their level, fly in economy class and stay in inexpensive hotels.

However, many people with a moderate income are ready to overpay for a trip in business class, despite the fact that prices for air tickets continue to rise and business class tickets have seen the highest increases. In fact, thanks to the existence of expensive business class fares, airlines can keep affordable fares for economy class. When we know about this fact, business class flights stop looking so attractive.

6. Home appliances

Wealthy people don’t strive to buy the latest models of home appliances. If the previous model they bought still works perfectly, they see no need to buy a new one. At the same time, this rule is constantly broken by people with an average income — consumer loans are taken out for any household appliances and gadgets.

This also relates to “one-time” home appliances like waffle irons, pancake makers, ice cream makers, and fondue pots, as well as massagers with 15 nozzles. Most often, people use these super devices only one or 2 times, and afterward they just lie on a shelf and “stare” at their owners with dumb reproach for insensibly spent money.

7. A lot of knick-knacks

Successful people try to keep minimalism in their home’s design. Rich people increasingly prefer simplicity in their interiors, so as not to be distracted by household items and so they don’t waste time choosing and buying furniture, or repairing it. It helps them free up time for family, relationships, meeting friends, and work.

Oftentimes, the middle class try to fill their houses with various interior details and the latest trendy things. They strive to constantly improve their interior, distracting themselves from the really important immaterial things.

8. A big house

Wealthy people prefer to buy promising real estate, for little money, in order to make a profit when it grows in price. For example, billionaire Warren Buffett still lives in the same modest house that he bought in 1958. His cozy house in Nebraska state only cost him $30,000, today it’s estimated to be worth $650,000.

A Mexican billionaire whose fortune is estimated at $50 billion, also lives in a modest house that was bought long ago and avoids expensive things. Amancio Ortega, the founder of the Zara clothing store chain, also didn’t let his success infatuate him — he and his wife live in an ordinary house in Spain. A professor at Stanford University, David Cheriton, who owns $1.3 billion in Google shares, once said in his interview, “These people who build houses with 13 bathrooms and so on, there’s something wrong with them.”

The middle class, in contrast, is mainly driven by the saying, “Every man should plant a tree, build a house, and give birth to a son.” That’s why the life of many people starts to center around the construction of a big house, that sometimes doesn’t stop until the kids grow up. It takes a lot of money, time, and energy, while the expenses for maintaining the house itself and its territory take a big part of their income.

9. Luxury cars

Nowadays, wealthy people don’t buy new car brands if their own car is in good condition and meets all their needs. Even Facebook owner, Mark Zuckerberg, drives a Volkswagen with a manual transmission and says he never cared about “looking” rich.

However, many people around the world use expensive cars to boost their self-esteem and even not having the money to buy or maintain a vehicle like this doesn’t prevent them from getting one. They just take out car loans.

10. An expensive education

Millionaires know that a free education doesn’t differ much from an expensive one, while success in life is obtained by discipline, determination, and perseverance. In addition, nowadays big international companies are ready to hire young people for work, if they have the necessary knowledge. This means that professional experience and real skills are becoming more important than a college diploma.

At the same time, many people believe that if they pay for an education and get a diploma, they are buying a ticket to a successful life. As a result, young people take out huge loans to pay for their education, but after graduation, they have to work outside of their specialty for the next 5-10 years to pay back the loan to the bank, which means they spend the most precious years of their life doing this.

11. Buying lots of toys for their kids

Successful people came to the conclusion that they could harm their children by buying toys in unlimited quantities. Research proves it too: 36 children were offered the chance to play for half an hour with 4 or 16 toys. It was found that the kids from the first group (the ones who had 4 toys) showed more creativity and came up with more interesting ideas using fewer objects. If parents spend time with their kids and pay more attention to them, they will develop faster than if they are simply playing with a lot of toys.

At the same time, most parents admit that their kids are literally snowed under toys: their stuffed toys are so big that they require a separate apartment, their amount of dolls is so big that they could build a doll army, there are so many Legos that it’s possible to build a 2-story house out of them. Kids don’t have time to dream — they have everything and all their wishes come true too quickly. That’s the way parents show their love to their kids and give them the things they themselves didn’t have in their childhood.

12. Training and courses

Personal growth courses are a business, and the coaches there are not interested in the effective development of their clients. Because of this, it is impossible to transform your life drastically with the help of a training session like this. Successful people know that you can only change your life by continuously working on yourself and your goals.

At the same time, these courses have become incredibly popular among people who are planning to become successful. Even though their cost is pretty high, tickets are still sold really quickly. Poor people are often trying to find a magic pill that will change their life for the better. When one pill doesn’t work, they start to seek help from another coach.

13. The beauty sphere

Today, the natural color of nails speaks to privilege and wealth. Successful women prefer a neat, natural nail, in a modest pastel or nude shade that looks nice.

But many girls want to be sure that their manicure is noticeable by everyone around them, which is why they often opt for brighter colors of nail polish, unique designs with rhinestones, and extreme lengths. If the length is not enough, they go for artificial nails. This style is often chosen by middle class women who want to show that they have an idle and relaxed lifestyle.

Which things do you consider a part of your social status and are you not ready to give up?

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10 Ways To Stop Worrying About Money And Attract More Of It

It can feel unnatural to relax when you have bills pending and a dwindling bank account. But giving in to your fears won’t do anything to attract more money. In reality, giving in to your anxiety will generate negative energy that stops you from bringing more money into your life.

How to Stop Worrying and Attract More Money

Money comes and money goes, but worrying about it won’t make it come any faster. If you’d like to attract more money, keep reading to learn how to stop worrying and how to become the money magnet you really are.

1. Identify Any Negative Beliefs You Have About Money

Stop worrying about your bank account by recognizing your fears and any other negative beliefs you may have about money. Many people admit they are taught to never discuss money. Additionally, they believe that having a lot of money is evil, and that they should feel bad when spending money. These beliefs all stem from insecurity and need to be done away with if you hope to attract more money into your life.

Start becoming the money magnet you deserve to be by unlearning all these negative beliefs and replacing them with positive energy. It’s time for you to accept the idea that you deserve to have wealth.

2. Build a New Money Mindset with Positivity

The next step in learning how to stop worrying about money is the start of rebuilding your money mindset using positive affirmations. According to the law of attraction, what you think, you become. Thus, what you speak into your life will come to pass.

Start speaking positivity into your finances by using positive money affirmations on a regular basis. Begin every day by looking into a mirror and speaking the following types of affirmations to yourself:

  • I am a winner.
  • I‘m stepping into a new financial future.
  • My blessings and wealth are overflowing.
  • I deserve all the money I will make.

Positive affirmations like those above that tap into the law of attraction and your ability to bring about a change in your life with the type of energy you exude. By already believing that you deserve money and that you’re already building the wealth that you’re working towards, your life will automatically align to reach these goals.

3. Learn What You Deserve in Life

What stops many people from going after what they want is the fact that they don’t believe that they deserve it.

Want to get out of debt? Want to build generational wealth? While these may seem like lofty goals right now, the moment you already know that you deserve these things in your life is the moment that you start attracting them towards yourself.

The best thing about this obstacle of feeling undeserving is that you are fully in control of it. Stop worrying that you’ll never be financially stable and begin stepping into what you deserve.

Your dreams are only as big as you allow them to be and you deserve to dream big. Don’t give in to the insecurity that makes you feel undeserving. You are worthy of living the best life.

Start working on attracting what you deserve in life by realizing new goals. Do you hope to buy a house? Are you planning to build your savings? Write down all of your financial goals and understand that you deserve every single one of them.

4. Love Your Bills to Attract More Money

We have all been guilty of hating having to pay our bills. However, avoiding or hating your bills only adds more negative energy to your finances.

While it may seem absurd to try to love your bills, this little bit of love will go a long way. The key to attracting more money when paying your bills is to be confident, grateful, and happy as you pay the bills.

This is why part of learning how to stop worrying about money is to stop seeing bills as a black hole for your earnings. Your bills are a symbol of the life that you live, the blessings you enjoy, and your ability to finance your quality of life.

Additionally, the happier you are about getting to pay these bills, the more you will value the money you earn that you use to pay your bills. This positive energy and happiness will translate to you feeling more positive about the work you do and how you earn your money.

5. Be Happy for Others’ Financial Success

Jealousy and the feeling of missing out are strong motivators. We’ve all experienced feeling a certain sense of insecurity when we see others sharing about their luxury lifestyles or abundant lives. While these feelings can be inescapable at times, feeling this way isn’t effective if you’re hoping to stop worrying about your own finances.

Instead of feeling negative about yourself and financial situation when you see others doing well, start rejoicing for them. As you feel happier for the wealth that others are enjoying, the more the same energy will return to you.

Start destroying these negative and envious feelings by genuinely expressing excitement when you see someone else thriving. Speak the same into your life by telling yourself, “You deserve the same. You will have the same.”

This simple shift from jealousy to hopeful positivity will immediately affect how money flows into your life. Instead of being unhappy with where you are in your finances, your new happiness for others will spill over to your current situation, ultimately leading you to attract more money into your life.

6. Visualize Financial Abundance

Visualization is a powerful tool to bring about a change in your life. Do you want to increase your finances and live the lifestyle you’ve always dreamed of? Start visualizing it.

Visualize the life you want, deserve, and will have by writing out what you hope to see. And, imagine that you are living that life right now. While this may seem like a strange exercise, it will help to ease any fears you feel and help you to believe are already leading the life you long for.

To make visualization part of your daily life, commit to spending a few moments in the morning or at night to meditate on your money affirmations and visualize the life you long for. This will help you keep your goals fresh in your mind as you actively work to make them a reality each day.

7. Recognize Prosperity in Your Life

Prosperity is everywhere you go, if you know what to look for. By recognizing prosperity, you’ll be inviting it into your life.

Too often, we’re programmed to seek out poverty and notice what’s lacking in life. From your bank account to the world around you, you may be naturally inclined to see what’s wrong rather than look for what’s right.

Start transforming the way you look at life by automatically seeking out prosperity. In order for you to prosper, you must first be able to recognize prosperity.

 

 

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Dina – 2011 to Present – Lil’ JAP – My New Broker

“Jews are good business people. Your financial advisor, lawyer, and accountant, should all be Jewish.”

I met up with Dina the other night at Tria. Tria is a wine bar in center city.  There are actually four locations. We met at their newest one, down in Fitler Square. It’s literally four blocks from my house. I think it’s my favorite one out of all of them now. I’m sure the old money in that neighborhood bitched about a bar going in on the corner down there. But I’m sure once they saw how nice it was they probably relaxed.

Dina arrives with a plan. She has worked in financial services for the past few years, and now she works for her dad’s firm. They’re good people, and I have known Dina for over six years. I decided I should invest some of my funds with her. I like her, and know what it’s like to be a broker. I used to do that job years ago when I worked in banking.

She was a total pro when she gets to the bar. We catch up, and then she breaks out the paperwork to create my account. I had given her a few stock ideas, but we both agreed they weren’t aggressive enough. The stuff I was looking at was almost like debt instruments. Bonds. I want equity and growth. I have to think of leaving something to Lorelei for the future. I tell Dina I’ll start with a small amount just to get the account open. Once it’s up and running for a month or so, I can plow more into it.

Dina, is young but has the soul of an old Jewish lady. She’s wise for her years. One of the things I like best about her, is her ability to cut through the bullshit in life and know what’s important. She knows a lot about me and this blog. She has always totally agreed with the lifestyle. Sometimes, I feel that some of the people around me are a little judgemental of what I do. I get it, and that’s their hangups. If they had the guts, they’d already be living the lifestyle and I’d be wanting to emulate them.

But Dina is very cool, and accepting of who I am. She has always embraced our friendship and nothing is too far out or over the top in regard to my exploits. She also has a good eye for identifying the “crazy” in some of the women I meet. I’m glad Dina is in my life and I know my money is with the right person.

Dina: “Jews are good business people. Your financial advisor, lawyer, and accountant, should all be Jewish.”

I’m sold. I’m meeting with her again tomorrow for lunch, and we’ll get this deal started.

 

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Sheila – 2013 to Present – The Ghost of Rittenhouse

“What if I end up accidentally breaking her hip during sex?”

Sheila is known by many names in Rittenouse. The White Witch of Rittenhouse. The Rittenhouse Madame. But I call her the Ghost of Rittenhouse.

Let me do my best to describe her to you. She is tall and very skinny. She wears a furry hat most of the time. She has very long hair, it is sandy in color. She wears big sunglasses and bright red lipstick that is usually a little smudged. She wears long gloves and her skirts are short, showing her skinny bird like stockinged legs. If she were in her twenties this would work, but this woman is clearly well into her seventies.

I was walking down the street one day and I had seen her around the neighborhood. She was usually just floating around carrying shopping bags. It looked like she never ate or drank anything. Just shopped. She seems completely oblivious as to how she looks and the fact that people are staring at her as she walks by. I was coming from somewhere. I was also half in the bag, so I decided that I had to get to know the Ghost of Rittenhouse.

I just stopped and started talking to her. it was surreal. I don’t even remember what I said to her. I introduced myself and handed her my card and just started chatting. She reached into her purse and gave me a card. Now I knew her name. Beside her name was this: “M.Ed., CAC Certificate.” The card said she was a Clinical psychotherapist and Real Estate Investing.

How are those two things even on the same business card?

We chatted a bit and she asked me if I wanted to have a drink with her. I couldn’t turn down this eccentric fixture.

She took me over to The Prime Rib on 17th and Locust. I would never hang in a bar like this but I think she may have been a regular. I ordered a cocktail and start chatting with her. She knows the bartender. Does everybody think I’m just some boy toy she picked up? At least no one I know was in this bar.

She’s telling me how she’s divorced and has worked in Psychiatry out on the mainline and also in real estate. She seems very intelligent and articulate. I think she just may have a screw loose somewhere. No woman at the age of 73 would dress like that. I like her personality, but I’m looking at her and she’s just gross. Her top was low-cut and her breasts were just like slack, collapsed, flesh socks hanging down her chest. I’m sorry. I really am, because you know I love women, and I want to like her. She’s obviously lonely as hell. She’s holding an intelligent conversation with me, but the way she looks is just embarrassing. If she would do her hair differently and wear some more conservative clothes, she’d look so much better.

We’re talking about Philly, and movies, and all kinds of different subjects. I wonder how many times this has happened to her. Some drunk slob talks to her and then leaves. Which I proceeded to do after about an hour.

A few days later I go to my office and there is a voicemail for me on my phone. It was Sheila. She left a nice message about how she’d like to go to the movies with me. I felt kind of bad. I wasn’t going to call her back. I would go out with her but people know me in this city. I can’t be seen with her. It’s really sad. If she would just look and dress her age, she would look presentable in public. Just another rich old lady that lives on the square. I found out she lives in a really nice building right on Rittenhouse square. So she is wealthy.

I spoke to another woman I’m friends with in town. Mary. I’ve known her for a while, because she works as a hostess at a restaurant I frequent. I will write about her in the near future. I told her the story of Sheila. She suggested something I didn’t expect.

Mary is 69 years old. So she’s only about five years younger than Sheila. But totally different. Slim, sharp, attractive, has a job, and doesn’t dress like a nut. She said I should call Sheila and go out with her. Take her to one of the Ritz theaters for a matinée. Not many people in there. Won’t run into anyone I know. Dark. I don’t have to talk to her for two hours, etc.

She said to be my usual charming, romantic self to her. At the end of the date, I tell her that if she could put me on an allowance of some kind, I would in turn provide companionship and romance to her.

Crazy right? A sugarmama for me? More like a sugargrandmama!

“Crazy like a fox.” I said to Mary, “What if she wants me to have sex with her. I don’t know if I can do that.”

“Tell her that special services are provided as long there is an additional fee.” Mary replies.

I laugh. “What if I end up accidentally breaking her hip during sex?”

“That’s on you, kid.”

I don’t know what I’m going to do. But Mary is diabolical.

 

Thank you for reading my blog. Please read, like, comment, and most of all follow Phicklephilly. I publish every Monday, Tuesday & Wednesday at 8am EST.

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