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This Is Why The Rich Look Poor

This Is Why The Rich Look Poor

When you’re on your couch looking at rich celebrities online, everything about their lives seem so glamorous and perfect. For every event they attend, they get pampered by six or seven set of hands, and often even have an outfit already tailored for them and ready to go. Although we all wish those red carpet moments really portrayed how the rich dress and look on a daily basis, it’s not always the case. If we switch our attention from celebrities for a second and look at the other rich, those who don’t spend all their time in front of the camera, we’ll notice a drastic difference in wardrobe. Not only do the really rich stay modest with their wardrobe choices, but most of them even dress poorly.

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    The question is why?

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    A blog post written for PLRPLR states that “Millionaires are just a different lot of people. They think different. They act different. They spend different. They are different.” The author of the article talks about how his uncle was one of the richest men in Virginia but always dressed like he only had a few bucks to spend per month on clothing. In the article, the author mentions how his uncle dressed so poorly sometimes that you might have thought his washing machine was broken or that he worked in the field due to his extremely muddy boots.

    The media’s depiction of celebrities is all wrong. The rich and famous don’t dress in $1,000 suits or dresses, according to the author, because they’re smarter than that. Why spend thousands of dollars on pieces of clothing that will wash out, wear down, get lost, or get ripped when you can save the money to invest in real estate or open a business?

    That’s how the rich think.

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    RobertPattinsonOutandAboutTotonto3Nov201419

      They prefer to look at efficiency rather than immediate satisfaction. Sure, a $1,000 suit would look amazing and sleek, but you could get a simple tuxedo for about $100 that would also do the job perfectly. As long as the piece of clothing isn’t torn and still follows business etiquette, why spend thousands of dollars just for a designer brand or shinier fabric?

      On an episode of Modern Family from earlier this year, there was a story about how Jay, the wealthy grandfather, wasn’t fashionable. His young, hot wife was always dressing up and putting on makeup, while Jay always wore sweatpants or nerdy glasses. He was extremely wealthy, yes, but he didn’t care about how he looked. As long as he had clothes on, anything went. He preferred comfort and necessity over shiny new clothing or bling.

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      When you are rich, you are confident enough in your potential and knowledge that you don’t feel the need to show off anymore. You know that you have the money and your business shows that you have great earnings, so there’s no need to show off the bling. When you’re rich, you have a different mentality, one that doesn’t revolve around money anymore. You prefer to focus on growing as a person and growing your business instead of debating whether or not you’ve already worn a certain outfit this week.

      There is a famous quote from a very smart person that has always stuck with me, and it goes like this:

      “The rich stay rich by living below their means.”

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      All in all, if you follow what the real rich and famous do, you’ll be a millionaire too. Spending money lavishly just to show off your earnings isn’t going to keep you rich. They might be old values, but it seems to be working for the rich, so why not try it out?

      What do you have to lose? Certainly not money.

      Featured photo credit: Featured Photo Credit: HotBlack via morguefile.com

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      Sarah Anton

      Editor and founder of The Fitrepreneur, aspires to improve people's living style.

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      Last Updated on March 29, 2021

      Life Insurance: A Secure Way To Protect Your Future.

      Life Insurance: A Secure Way To Protect Your Future.

      Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

      Importance of getting a life insurance

      No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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      On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

      Choosing the right insurance plan

      If you’re about to select an insurance plan, you should consider some important factors:

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      • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
      • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
      • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

      Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

      Differences between life insurance plans

      Here’s a short brief of some plan categories you can choose according to your needs:

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      • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
      • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
      • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
      • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
      • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

      Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

      So what are you waiting for? Plan for your future and live a happier and carefree life today.

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      Featured photo credit: aryehsampson.com via aryehsampson.com

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