how to tell a rich man from a poor man?

Answer 1

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.

Answer 2

Impossible. My uncle is a multi-millionaire and lives in a nice LITTLE house. He always had a nice used car. He doesn't wear nice clothes or any jewelry apart from his wedding ring.
My brother in law drives a fancy car wears expensive clothes and has everything and more and is broke. There was a woman named Ann Richards. She lived in a studio apartment. Wore old clothes. Never owned a car. Walked everywhere to save on carfare. Worked for the IRS. Died aged just over 100 with more than a million for each year of life. Most of the people with loads of fancy stuff and big houses are not rich. They spend their money. It's almost impossible to spend like that and still have enough left to acquire any kind of real wealth. You never can tell.

Answer 3

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.

Answer 4

Good luck and don't believe the teeth thing I have a great smile because I have dental insurance but I only make $20k a year and my husband can't seem to find a job in this aweful job market so we are so not rich. If you look at our car, apartment, shoes, whatever else people were suggesting you would know that. The only true way to know is to see both financial statements and credit reports or statements of debt many people who have lots of money also have lots of bills.

Answer 5

some of rich guy act like they don't have much some of the poor guy lied with bad credits. but usually you just know by the way they show you

Answer 6

I was once told by a very wealthy man, who came from old money, that most truly wealthy men don't flaunt it and aren't trying to impress anyone because they don't see the need to. You would never know by looking at them that they are rich. Men who look it and flaunt it are usually in debt to their eyeballs trying to impress people.

Answer 7

#1 Teeth
#2 Shoes

Answer 8

A poor man appreciates things more while a rich man disregards them.

Answer 9

Listen to what he says and watch what he does.

A rich man takes on good debt (notes for commercial real estate), and invests the money to increase income, and make himself richer. The good debt is not paid for by the investor, but by the income-generating investment that repays the debt AND puts money in his pocket.

A poor man takes on bad debt (consumer debt from high-interest credit cards), and spends the money to increase material wealth, and make himself poorer. The bad debt is paid for by the poor man (who doesn't have any investments producing income to repay the debt and put money in his pocket).

Answer 10

Some might say shoes or watch. I think you cant really tell. People can be dressed to the hilt & driving a fancy car but in debt to their ears while some like to sock away the cash & dont choose to show it off.