The Risk Of Fake Wealth | Fake Rich

Things you do to fake that you are wealthy, are things that will most likely make it so you can never be rich. I will tell you the 5 main things people do to fake wealth and how it cos them wealth. 💲Patreon Exclusive💲 https://www.patreon.com/tommybryson 😎Call Me😎: https://bit.ly/30IBr0i 😎Second Channel😎: https://bit.ly/3c4sVPS 👨🏽‍💻Financial Freedom Course👨🏽‍💻$100 OFF CODE: LONGTERM Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom 1. First Where They Live - They focus on neighborhood - Safety - School zone Truth - But in reality it's more like status - How the house looks - How big it is - And especially that it's bigger than your neighbors In September of 2023: - The average home sold was about 412k The average down payment is about 15% ( but let's be real a lot of people just get an FHA, or put down 10% ) - That’s about $2200 per month if you have good credit Here is why this Flex is terrible: - The point of buying a home is to pay it off - Homes are not investments - The more expensive it the longer it’ll take to pay off - And a home can hold you in bondage for years 2. The Whip or the vehicle - A lot of people lease cars ( one of my friends did this, once the lease was over he had nothing ) - Finance car for 6-7 years ( how does it make you rich when you can't even afford a car to pay for ) The funny part: - Luxury vehicles are often the least reliable - Most expensive to maintain - And expensive to repair The average car payment I think reached $700 - A lot of guys buying trucks to go to their office jobs, I don’t get it 3. The Clothes you Buy - I bought this shirt at Marshalls probably $10 - A lot of shirts I have are from goodwill - And a few others are from Costco - You are not what you wear Here are some flexes: - Having more than 15 pairs of shoes - A closet of t-shirt and jeans - Clothes you never wear - It's all so stupid I learn while living in New York: - No one cares - Spending $100 on a pair of shoes is crazy, $100 on a t-shirt insane, $100 on a watch is ridiculous (it's crazy) Tip: don’t surround yourself with people who have spending problems, you’ll start thinking this Is normal 4. Where they Go and Frequent - Vacations - Eating out all the time Vacations are not bad - But do you need to spend all that money - Do you need to post everything you eat I knew someone: - They spent $500 on a dinner for himself and his wife - It's crazy 5. What they believe - I won't go into a lot of details - But these people tend to be materialistic - In a fantasy world ( where they expect positive results by doing bad things ) 6. Look out for lifestyle inflation - These things will prevent you from ever getting rich - Beucase you will be constantly spending more money than you make - You don’t want that * PRO TIP* INFORMATION IS EVERYTHING 💲Patreon Exclusive💲 https://www.patreon.com/tommybryson 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻 https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 600,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson --- Disclosure & Educational Disclaimer: Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.