The myth of billionaires wearing cheap clothes and living frugally busted

[Tribal Outkast]

The comments are interesting especially when there was a meme going around showing “broke” folks rocking Gucci and expensive shyt with prices vs “rich” folks walking around rocking way less expensive clothes with made up prices.

this is the one

 

[Gil Scott-Heroin]

No the point of the meme is to suggest that frugality is at the heart of the success billionaires and multimillionaires enjoy which is BS.

Except it's not.

You're more likely to become wealthy spending/investing money that is going to generate wealth, rather than spending money on material things that won't. It's not going to guarantee that you're going to become wealthy, but it certainly will more than spending on things that will leave you (or keep you) broke. Sometimes it isn't even about being consciously frugal, because in Zuckerberg's case, it doesn't seem like he's ever been concerned with fashion to begin with, or anything really material (in that sense).

And also to put black people down as the meme never depicts a white person as spending beyond their means

You don't get points for piggybacking off what someone else said when it was never a point of your original stance.

 

[Gold]

The amount of goalpost moving in this thread is just


I hope these billionaires are paying ya'll to shill for them

 

[Amor fati]

I knew that shyt was a myth years ago when I started to Acquaint with dudes who are considered well off.

 

[Gil Scott-Heroin]

The amount of goalpost moving in this thread is just


I hope these billionaires are paying ya'll to shill for them

Are folks in here shilling for billionaires, or just simply pointing out the fallacies of the premise of this thread?

 

[Bumblebreh]

The amount of goalpost moving in this thread is just


I hope these billionaires are paying ya'll to shill for them

The biggest lie is thinking that simping for billionaires will increase your chances of becoming a billionaire.

 

[Jalether]

The biggest lie is thinking that simping for billionaires will increase your chances of becoming a billionaire.

We all know eating nothing but ramen noodles and shopping exclusively at thrift stores is the key to becoming the next elon musk

 

[NatiboyB]

People spend money on what they want/value. The issue is they arent spending the majority of their net worth on bs like designer clothes that they still look dusty in.

 

[Osmar]

The comments are interesting especially when there was a meme going around showing “broke” folks rocking Gucci and expensive shyt with prices vs “rich” folks walking around rocking way less expensive clothes with made up prices.

this is the one

to me the heart of the issue was some lowkey shyt about black people, mainly rappers and athletes, "showing off". It was just masked as "he's a REAL millionaire because he wears clothes with no brands showing".

I always felt memes like this was thinly veiled anti-black shyt

 

[DonRe]

I think the idea of this "myth" is being misconstrued. At the heart of the message is people shouldn't be overspending (clothes, cars, food, etc.), and especially not for the sole purpose of impressing people.

i think at the heart of that message is that for minorities, any material “frontin” is looked at as a “poor mans” mentality and a detriment to our community. Its disguised as what you said so as not to whistle blow.

because these convos about frontin and materialism really only happen within our community.

but white ppl front differently based on class and race. Calling the cops is frontin. Buying escorts and sex trade is frontin. Exploiting Tax loopholes, redlining, and lobbying politicians is frontin. Amongst many other forms.

but we bytch and cry bout lil uzi fake diamond shyt becuase its silly shyt from our own. And not the white counterpart who makes billions off war crimes.

 

[Fat Fred Jones]

There seems to be a lot of disagreement regarding the true intent of the meme/myth. If you didn't actually create it, it's going to be difficult to know which message was intended. It could be any one or even a combination of:

1. Wealthy people don't care about impressing others as much as poor people and it shows in their spending habits. While poor people tend care so much that they overspend, often to their financial detriment.
2. Wealthy people got/stay rich by being frugal. Broke people stay/fall broke by spending freely.
3. Wealthy people don't look "rich" and tend dress more modestly, while the people actually wearing "expensive" clothes are really broke.
4. This race of people is bad with money. That other race of people is good with money.

Excluding #4, I feel there is some merit to all of these ideas, myth or not. Sometimes we get so set on one position that we ignore anything else that can be taken from the subject at hand. I see no issue with anyone seeing this meme and thinking: "Maybe I should reconsider my spending habits".

Another thing to keep in mind, as with most things online, the meme is showing extremes. The majority of non-rich people aren't spending crazy amounts of money on cars or clothes. The majority of wealthy people aren't shopping at the thrift store.

 

[Nigerianwonder]

Broke folks look at clothing and jewelry cause that's the only thing they really know when it comes to showcasing money and wealth. Millionaires flex in ways broke boys dont know exist.

They dont realize folks with money spend 5K to 10K on a bottle of wine at a steakhouse, buy expensive watches(that look plain), collect art, and waste money on vacations. They will spend 10k per night on vacation or take private charters.

 

[jerniebert]

They'll have 3 yachts 10 homes and car full of garages and people will talk about how frugal they are. Goes to show how gullible society is.

 

[Big Boss]

There seems to be a lot of disagreement regarding the true intent of the meme/myth. If you didn't actually create it, it's going to be difficult to know which message was intended. It could be any one or even a combination of:

1. Wealthy people don't care about impressing others as much as poor people and it shows in their spending habits. While poor people tend care so much that they overspend, often to their financial detriment.
2. Wealthy people got/stay rich by being frugal. Broke people stay/fall broke by spending freely.
3. Wealthy people don't look "rich" and tend dress more modestly, while the people actually wearing "expensive" clothes are really broke.
4. This race of people is bad with money. That other race of people is good with money.

Excluding #4, I feel there is some merit to all of these ideas, myth or not. Sometimes we get so set on one position that we ignore anything else that can be taken from the subject at hand. I see no issue with anyone seeing this meme and thinking: "Maybe I should reconsider my spending habits".

Another thing to keep in mind, as with most things online, the meme is showing extremes. The majority of non-rich people aren't spending crazy amounts of money on cars or clothes. The majority of wealthy people aren't shopping at the thrift store.

 

[Kski]

It’s obviously a cac/c00n/agent meme

It ain’t never been about no damn living within your means.

It’s an evolution of the old ‘nikkas in the hood are broke cause they buy Jordans’