How To Spot Fake Rich People In Singapore

Trying to spot whether a person is fake rich or not is much like asking whether a bag came from a real designer or not. You can never fully answer the question unless you take a close look at it. It is challenging to judge whether someone is an average Singaporean or a wealthy one because there are many fake rich people that can look as realistic as the authentic ones.

On that note, here are four tips to help you spot a fake rich person.

THEY NEED VALIDATION

People who attach their worth to their lavish lifestyle often need validation. They want others to share their insights on their jobs, their material possessions, or their home. They care more about how they will be perceived than the quality of the products that they will acquire.

For instance, fake rich people focus on the designer brands and not its quality. They may even own a couple of designer pieces and try to sneak in an imitation or two. It does not matter if they poke a hole in their wallets! The bigger the logo, the happier they become.

Many affluent people could not care less about the brands! They focus on comfort and quality. Unless they are aiming to make a statement, they stick to more subtle pieces.

THEY MAKE EXCUSES

Recently, notorious fake heiress Anna Sorokin was convicted of swindling about US$200,000 from New York’s elite. She often made excuses such as leaving her credit cards behind or paying next time. You have to be cautious when hanging out with someone who frequently forgets his or her wallet, which is parked in a car far from the restaurant. Fake rich people make up excuses to avoid the burden of paying.

Do not get me started with whether that car exists only in social media or in real life!

THEY WANT TO COMPETE

Observing how a person will behave when faced with someone who is experiencing success can help you filter out an insecure person. Fake rich people typically grab the chance to share their material possessions and achievements whenever they mixed in a group of people. They have a tendency to compete in order to savor the spotlight. Talk is cheap!

On the flip-side, successful people ask more questions to get insights on other people’s passions, journeys, and struggles.

THEY PURCHASE LIABILITIES

Material goods that depreciate its value over time are called liabilities. People who want to flaunt their wealth usually buy liabilities on credit or on installments. Whether they purchase a flashy entertainment set or the latest Prada bag, the fake rich would want to immediately show off their purchases to others.

Image Credits: unsplash

As we all know, it is recommended to use credit to acquire assets rather that liability. That is called a good debt!

Sources: 1 & 2

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Why Do People Think That You’re Poor?

Whether it is the way you dress up or the way you carry yourself, people are usually quick to judge whether you are wealthy or not.

I vividly recall the time when my university friend asked me hangout. In our tight group, she announced that I should be given the opportunity to choose the restaurant that night. I was flattered at first until she stressed that I was the “poorest” one. I soon realized that the girl was not a genuine friend. True friends support each other no matter what.

Her perception was influenced by the fact that I did not have a job at that time and was only relying on my parents’ allowance. Knowing how much money an individual makes can completely change your perception of them. As much as you want to deny that money makes no difference in your perceptions, it definitely does!

Image Credits: pixabay.com

People can judge your worth in a variety of ways including these:

#1: WHAT YOU WEAR

It goes without saying that your clothing leaves a lasting impression. In a snap of a finger, a person can determine whether you are a successful businessman or an unemployed student. Flashing your designer bags and watches can give you a heads up!

#2: HOW YOU TRAVEL

In some cases, your form of transportation can send a message about how much you make. People who travel via car are seen as more successful than those people who take public transportation. The same goes for people who travel via business class as supposed to travelling via economy class.

#3: WHERE YOU LIVE

Singapore’s land scarcity has led to living situations such as government housing, landed estates, and condominiums. The last two options are perceived as more lavish than living in HDB flats. Size and location matters!

#4: HOW YOU SPEND

Being frugal may be seen as a poor man’s strategy to survive. Some people feel the need to fly under the radar when couponing. While, others are ready to open their coupon binder and shop. A stranger may perceive your fondness for coupons as a desperate move.

#5: WHAT YOUR FACIAL CUES ARE

A study once compared the faces of different groups that vary per gender and race. As it turns out, the other factors mattered less. People carried a “wealthy appearance” due to their facial cues. Some faces seem to be more experienced and are deemed to belong to the poorer group.

According to Psychologist Thora Bjornsdottir, a PhD candidate at the University of Toronto, “the signals in your face about your social class can actually then perpetuate it”. People with a wealthy apperance are more likely to be hired for the job as it creates a self-fulling prophecy, which influences your interactions and opportunities.

Image Credits: pixabay.com

Whether someone seems poor or not, it is important to know that our feelings should be tied up with how people act with their money. Are they greedy or generous? Are they willing to loan to a relative or not?

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To be rich, you have got to take pleasure in working hard

“My formula for success is rise early, work late and strike oil” by Jean Paul Getty, the world’s richest man who amassed billions from oil according to the Fortune magazine in 1957. This is no secret. Hard work always comes before success in many respects.

 In the engineering sphere

Image credit: www.telegraph.co.uk

Image credit: www.telegraph.co.uk

Sakichi Toyoda, the founding father of Toyota, took a protracted period of 23 years to perfect the non-stop shuttle change automatic loom, Type G in 1924. It incorporated numerous automatic, protective, and safety devices based on Toyota’s legion of earlier inventions and underwent rigorous and uncompromising  commercial testing to deliver unparalleled performance in the textile industry worldwide. The patent was eventually sold to a British leading innovation company, Platt Brothers & Co for a whopping £100,000 in 1929. This unpremeditated development had set the cornerstone for Toyota’s industrial and technological achievements we witness today.

His eldest son, Kiichiro Toyoda subsequently took the plunge into the automobile business and never looked back since. Presently, Toyota is crowned the world’s top-selling automaker for a third consecutive year. Ultimately, success is often more easily built on prior successes as the acquired funds and a prudent risk-bearing attitude would allow one to navigate the treacherous waters more cautiously and readily exploit the illuminated opportunities. Nonetheless, to bag the first success, working assiduously is never an option but a priority.

In the world of science and technology

Thomas Edison, the reputable American inventor, drew leading scientists and outstanding engineers from all over the world to his Menlo Park research centre to advance scientific and technological developments. The tight collaboration and painstaking efforts undertaken by the brilliant minds from diverse fields shed powerful insights and revolutionary ideas that culminated in a series of inventions indispensable to our daily lives. Essentially, the invention of the incandescent light bulb was a fruit ripe with both industriousness and dynamic teamwork. Currently, General Electric – established by Edison in 1890 –  is a colossal conglomerate worth more than one quarter of a trillion as of May 2015.

While some people may be flush with cash by a stroke of luck or by birthright, most people shore up their wealth through enduring hard work and unmitigated perseverance.

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