2007-07-17 11:15:41 · 8 answers · asked by shoppinggirls3 1 in Business & Finance ➔ Personal Finance
It is hard to tell from a superficial viewpoint (i.e. from looking at their appearance). You have to get to know them better to find out.
In my experience, however, i have known more showy poor men and "shabby" rich men than I could care to count.
Most people I know who try very hard to LOOK wealthy are anything but--hence their need to "showcase" to others a facade that is NOT representative of their true financial status. So beware of the guy in the Armani suit, the $500 shoes driving the Hummer. Chances are he is leveraged to the hilt in credit card debt to pay for all that.
In the US, I know so many true multimillionnaires (asset-wise) who live in modest homes and wear tattered Old Navy sweaters. They shop for underwear at Walmart and would consider a backyard barbeque over a groumet dinner anyday. What they do have is several million dollars in diversified assets and next to no liabilities and debts.
This reality is really not a dichotomy. Most rich people (who did not inherit their money) got that way from being very good money planners, so they probably never made the mistake of blowing a wad of money on any item that greatly diminishes in value the moment they buy it--like cars, clothes and electronics. They are always thinking of where to put most of their money where it will flourish and the odds are it is someplace in the stock market or real estate (but not a silly McMansion).
In short, they never let their ego and pride (and other people's trends and peer pressure) get the best of them.
2007-07-17 18:13:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The rich man spends less than they earn.
The poor man spends more than the earn.
If a poor man spend less than he earns for 20 years, he will become rich. If a rich man spends more than he earns for 20 years, he will become poor. It probably won't take 20 years in either case.
Anyone that "looks rich" is probably up to his ears in debt. The average millionaire drives a 10 year old car they bought used.
2007-07-17 12:50:10 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
His job.
EDIT- I have heard of several things that by looking at a man you can determine how he will do in life. #1 Tall men make more money. And I think it is that for every inch over 6 feet tall make $10,000 more per inch per year than averaged-sized men.
#2 A smaller shoe size means you are a hard worker (this applies to men and women though.)
2007-07-17 11:20:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I was watching a show once and they said you could tell by his watch...if it is expensive he is rich if it is cheap he is poor!
2007-07-17 11:32:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ask him to open his wallet.
2007-07-17 11:18:58 · answer #5 · answered by Chase3 1 · 0⤊ 0⤋
You determine which is which by...............................
Where does he live?
What kind of job they have..a potential for high pay?
What kind of car do they drive?.
2007-07-17 11:30:04 · answer #6 · answered by yahweh550 4 · 0⤊ 0⤋
stupid or smart? easy question
2007-07-17 11:35:43 · answer #7 · answered by DrewS 2 · 0⤊ 0⤋
You can't.
2007-07-17 11:18:50 · answer #8 · answered by Donna W 3 · 0⤊ 1⤋