Understanding Wealth and Spending Habits

Only broke people buy Louis Vuitton and Gucci.

Rich people never. Here is why. When I was growing

up, my father sat me down and taught me a lesson I still remember

today. He said, "Son, if you need others to notice

your money, you've already lost it." I didn't

understand what

he meant back then.

Now I do. Luxury names like Gucci and Louis

Vuitton don't target rich people.

They market to people who want to appear rich.

That's the entire business model.

That logo isn't really selling you leather.

It's selling you the feeling of looking wealthy to others.

But the truth is, genuine wealth never needs to be seen.

The man carrying a nine hundred dollar bag is simply showing

everyone that he had nine hundred dollars to spend.

The man who actually has money rarely needs to show it,

because genuine wealth is invisible.

The real wealthy usually keep things simple: their clothes,

their cars, even their accessories, because they don't need to

impress anyone. Their money grows quietly where no one

can see it, compounding while others spend on things that

start losing value the moment they buy them. That's the difference.

Poor people buy things that to appear rich, while rich

people buy things that produce value.

If you want to learn more about the psychology of wealth,

comment “mindset” and send this to someone who's

about to spend their last paycheck trying to look rich.