well that was interesting :O subscribe: www.youtube.com/@jamiezhu?sub... shoutout to Rami from Rashays! His link here: @RamiYkmour1 follow me on: instagram & tiktok: @jamiezhu email: contact@jamiezhu.com
I’ve already learned early on working at the bank back then… that people who are flashy with these designer brands can’t even cash their paycheck against their account because they’re mostly negative balance… and the person that looks like a bum that comes in the bank has several millions and accounts with the bank… So don’t judge people of what they can buy. Stay humble. ❤
What makes these luxury brands so successful is that they have perfected the marketing to the general demographic, that if you can obtain their stuff, you're "in" with the wealthy demographic. And evidently in this video demostrates, the majority of purchasers are the average joe
Hi there, I've done some strategy consulting work with luxury brands before. The technical term for the profile of customers you are describing is "aspirants". They are the fastest growing segment for luxury brands. Go figure =p
louis vuitton buyers arent average joes, but more like upper middle class. think about it. LV is the LARGEST luxury brand in the world. you dont get to that position by catering only to the 1%. even if there was a brand that only the 1% could afford, do you think their closets would only be filled by that brand? a company's #1 priority is to make profits, so LV has perfected the balance of selling enough products at enough of a price point that maximizes that.
Maybe iits the average Joe that goes into the store to make purchases. Super Rich don’t need to do that. They often have personal shoppers/ assistants making these purchases for them. LV also brings their pop up shops directly yo wealthy clients- they never have to leave home to shop.
*#amzrepx* notwithstanding, my firm conviction is that unless one is skilled, discrepancies in the sack's looks or the metallic components will forever elude their observation.
Not to be 'that person', but you DO NOT KNOW their path OR the reasoning behind why she bought that for her mother. Stop being closed-minded and judging people's decisions when you have no frame of reference@@BlenderSCA
@TheStyleCurated agree. I don't make a lot of money myself but was able to buy a LV bag in paris for my mother. I did it soly for her because she has cancer and always wanted a bag. Don't be judgmental.
Poor financial decisions are not sweet. It's sad. It's incredibly sad that our society don't educate people on the psychology of marketing, and they get rope into paying so much for something so valueless.
I grew up with some extremely wealthy relatives and I can tell you a few things I've learned: 1. most wealthy people are not obsessed with designer brands--it's more about the quality than the brand itself. Part of being wealthy is a mindset as well and this includes not falling the urge to buy the newest and latest everything. Money makes more money in investments than it would if you bought 40k worth of Louis Vuitton luggage. It's more about having your priorities in check because often times you are trying to impress people you don't know and don't care about. 2. There's a difference between the aesthetic of old money and new money (nouveau riche). Old money, being generational wealth or family company passed down and trust fund/investments and dividends vs nouveau riche which are people and families that recently started making lots of money but didn't really grow up wealthy or with money. Old money folks don't usually wear very flashy things but they may still wear expensive and good quality clothes and don't usually seek out designer brands with their logos everywhere with the exception of Louis Vuitton and Gucci handbags or luggage. They often have hand me down rolex's, jewelry, luggage, and handbags. Old money folks often think people wearing head to toe designer logos is very gauche. They are usually well educated and come from a family who has attended elite schools. They often have a summer home somewhere and travel there with their family and friends as well as trips abroad but they may do a tour group over having an instagram worthy vacation. On the other hand, nouveau riche folks like to be ostentatious and ensure people know they are wealthy. They seek out designer brands and buy flashy homes and cars. They love wearing the latest trends or starting their own trends and love head to toe designer clothes and being covered in logos. They love traveling to the instagram sensational places and take pictures of everything they do and also stay at the nicest hotels that are picture worthy and eat at the most popular restaurants. They may or may not be educated. Many of these folks make money from a company or social media and feel the need to stick to trends to maintain followers but it doesn't necessarily improve your success even though some feel it does. 3. You'll notice people like Jeff Bezos and Mark Zuckerberg wear expensive and quality T-shirts everywhere since people already know they are wealthy so they wear what is comfortable. In conclusion, designer clothes aren't everything. If you can't afford them you really aren't missing out. Yes some designers have quality items but there's ebay and the real real and other luxury consignment shops for those things. Buying new is a marketing tactic these companies feed off of. They want the upper middle class and middle middle class to envy the higher classes because they make more money as a result. It's up to you if you want to buy into this or not because it's all an illusion.
seems is the most accurate word you've formulated, here. Rami said "able to afford" also a good hint, but... he also said that he goes there once a year and was BY FAR the highest grossing person in this video. If you need more hints... look at how organisms grow. If you don't know biology? Open a book. Answers are where they should be... Success is not growth: it's to maintain and consolidate. If you think it's about exponential growth you simply dont grasp that the world currently drives off of impressions and its definitely not a life worth living if you know that you're exploiting it. Your answers will seem shallow if someone investigates. Sadly, too many people are mindless. / I dont have notifications for responses I hope this gave you a glimpse, but I'm not going to teach any of it, here. There is an aspect that is convoluted and has absolutely nothing to do with any type of physical effort that is overlooked by 93% of people that "are successful (your definition)" and never experienced happiness for they keep seeking for dopamine and give them to their children mindlessly (along with, more often than not: religious contradictions, mindless common sayings, the total absence of knowledge intrinsically associated with their neglect and being too ignorant to say: "I don't know" and formulate something that would help others grasp that they're Not what you should strive to become). Best wishes to you... whoever you are. Try not to rely on luck!
The CEO of LV, I am pretty sure said about 70% of their customers are middle class. In other words most are average people who think carrying an LV bag makes them look affluent.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for....
My first investment with Mr Robert James Kent gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that I referred to him and they are making profit just like me
This is actually genuinely one of the better RU-vid videos I've seen in awhile. It has a little bit of emotion, awareness, and comedy. You've got a like from me and a subscription. I'd love to see more of these!
They always mess up the painted edges with overpaint, such a pity. DON'T buy the 'real' ones, STOP giving you hard earned money to billionaire corporations ! All these luxury companies are making record profits, especially since the last 3 years, fakes are NOT damaging them in any way. A women wearing a *esluxscom* is still advertising the real thing in the eyes of most people.
"I love a good *esluxscom* because it helps me decide if I want to buy the real thing or NOT." That part right there. That's IT. I feel like people stigmatize dupes but for me, I pause on large purchases that are trendy or when I feel the overconsumption mania setting in FOR ME. (It's something I struggle with LOL! I'm easily convinced to buy things I don't wear or use. They'll literally have the tags and I'll even forget I bought something and have 2 or 3 of them in my closet.) Love this video!
Very interest, Most of really wealthy people I personally know don't buy LVs and Prada. Those that I know buys designers brands, most are not Millionaires but ordinary Salary workers who wants to look like Millionaires.
That’s awesome that there are people who can afford such high end brands by working hard or being an influencer. But, don’t ever forget that happiness is truly an inside job. Stuff will never make you happy long term. I work hard. I work full time and I don’t make six figures. But I’m educated with a college degree, I’m honest, and I pay my taxes. I am charitable. And I will never be able to buy a 2,000 dollar purse just because. I’m happily married and we live a happy humble middle class life. Stuff will always be there to buy. But happiness and memories can’t be bought off the shelf. I’m authentically happy! And I hope everyone who is rich or non-rich is happy in one way or another ❤
Yeah that old guy is the type of rich guy i enjoy listening too. Mans wasnt born into money. Look at his face his hands his muscles that beard. this man worked his whole damn life for what he has
@@Zetunez nope. No relation. Just a good person. Iv seen him on other things doing good for his community & seems a genuine caring person. Smart aswell :)
He plays poker often at the star casino. Where I used to work. Have met him a few times first as a dealer and later supervisor. Always very friendly and up for a chat. Seems like a solid bloke
@@christel6462 Yep. Just like Vito Corleone was always kind to the nice people in the market who gave him stuff for free. You never heard about Lebanese Clans, right? When I saw this, my red alert flashed into overdrive at the first moment, and then he said "I came over from Lebanon" and everything fell into place. The super hard working dude shops in broad daylight on a workday, right?
This is the most realistic content i have ever watched in yt behind the extravagance the story , the meaning, hardwork not just superficial content respect to ur work bro ❤❤❤❤💶💯💯
I enjoyed listening to the owner of Rashays' perspective on wealth. If you have the money and you really love an LV bag, go for it but don't let it define you. Side note: I thought the airplane bag looked silly.
Yeah, don't let superfluous stuff like laws and taxes bother you. Lebanese Clans are bigger than the Camorra in Europe, I can hardly imagine it being different in Aussieland.
Totally agree with the 5 jobs. I have 4 jobs; early mornings cleaner, daytime cane farmer, evening Dominos delivery driver and online cured meat supplier in between
you're only agreeing to the hustle. If you can find a single job that pays just as much and even more, if you put in the effort, you would do it don't lie. Hence, education is important, or better yet "knowledge" is essential. Without it, you have to scrap few odd jobs to get by
@@r.sakarollsafe1285 that's one hilarious comment. I'm on $320 a week from my cleaning job, $110,000 a year on the cane fields, $220 a week delivering pizza and own my own business selling cured jerky and biltong which takes in an Xtra $30k. I do it out of love for job variety and I can't keep still. I'm university educated in a bachelor degree of social work so education and knowledge has FK all to do with my situation 🤣...oh and I own 3 cars, my house, a boat and a Polaris Ranger so I'm definitely not "scrapping to get by"
my neighbor had 4 jobs as cleaner and menial shit....she all in in nvidia, tsla stocks and not LV stuff...now she owns a local football club and jets around in a gulfstream
I read an interesting quote in the book Psychology of Money along the lines of “you don’t know anything about the person who bought a Porsche. All that you know that they’re $X poorer/have that much less in their account” thats all you know
Thanks for your work Jamie by which we can draw off truly inspiring people like Rami which give us hope in a place where giving up hope in the game is easy to get lost in. Love the advice on true measurement on wealth is about where one's lifestyle is, where they are mentally, financially family wise. We shouldn't judge wealth by a number. No to get distracted and stay focused ❤
I bought myself a Nintendo switch after denying myself for ages and had a lot of guilt for buying something so expensive (for me personally) and then this video showed up in my feed and made me so happy
You’re alright. On another note it’s better to support local artisans than a multinational corp taking advantage of the insecurities of the middle class.
Yep, keeps in contact with his old buddies from the Lebanese Clans back home, being a washer for them. Easy way to make money, right? Being nice, and kind and honorable leads to quick and easy success (sarcasm!).
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.
It's really not easy trading this market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
From my experience of meeting and knowing people, the old money don't aspire to buy these. It's the new money or average joe's or in specific countries where they are culturally materialistic that buy them. Long story short, real rich don't aren't fixated with high end goods and it's rare that they are flashy (clothing, bags) when you meet them. They reinvest and do other things with their money and buy plain looking clothes that gets them unnoticed. Moral of the story, high end luxury brands are great at marketing and targeting the middle class due to their buying power with all their spare time to always aspire (and to a certain extent lower class) to think you need this to look rich... but it's all a facade in reality
finally somebody speaks common sense here. Best of all, these brands sold the idea to the middle class, their product is a reward for their hard work. you can find only two types of comments here. Its self rewarding and respect to the girl slaving away her life
Some do. Sometimes popularity trickles up. Wealthy people are human too. They look at those middle class luxuries goes popular and they dip their toes in the water. Then they hide those item in closet and go back being all preppy. They just don’t flunk it because it’s their guilty pleasure.
Also, sometimes people in sales need these. Banking advisors, high end escort, real estate agents etc. It’s not their fault that being shallow is their customer’s human nature.
i know rich people get a bad rep because they would spend 40,000$ on something ridiculous like that handbag but in all these type of videos ive seen the millionaires/billionaires seem to be very humble and open accepting to different types of individuals and different ideas which you would have to be in order to become rich to maximise the amount of different customers you can sell your product/service too. great insightful video!
I'm not a commenter usually... This was tastefully done and landed well as an inspirational video. We are from different nations, and are ethnic diverse, however this connected on a values and cultural level. Keep up the good work.
There's a great video about how luxury brands make ordinary people poor (ok, I don't think an entrepreneur with a 6-figure income is an ordinary person really, but you know what I mean). Millionaires and social media influencers get this stuff for free because it's free advertising for the brand, but ordinary people spend money on this crap because they want to impress people and live up to Instagram standards. In the meantime, you couldn't imagine Steve Jobs or Princess Diana wearing this flashy stuff.
My sister bought a LV bag (in the store in case somebody think it was a fake one) for my mother and the quality was so bad... like it rippled after such a short time and my mum is really careful with her stuff... never again. I saw this documentary on youtube, where they showed how brand items are made in the same factory as fast fashion item. Their prices are not explainable today (they can just continues with it because they made a name for themselves), since it's not hand made anymore like they claim. The only time i would spend some more money on a bag is, when it comes from a small business and is handmade. That is actually worth a investment
THE LAST MAN "RAMI" I RECON IS A SILENT LEGEND. HANDS DOWN RESPECT FOR THE MAN WHO IS SO HUMBLE AND DOWN TO EARTH AND ALWAYS REMEMBERS HIS ROOTS. THANK YOU SIR FOR THE GREAT ADVICE AND THANK YOU JAMIE FOR NOT BEING AFRAID TO DISCOVER AND UNCOVER THE REALITY BEHIND THE MADNESS OF BIG BOGUS BRANDS THANKS AGAIN TC BYE
Come to Singapore and make a video like this at the Marina Bay Sands shoppes! You'll love the type of people you'll see there from the ultra high networth to the middle and lower class! Good mix of people, and all are still shopping at these luxury boutiques!
People with real wealth do NOT shop there very often. Brands like that are considered middle class - and to be honest, kinda cringy. Very wealthy do not like obvious labels - it is tacky to them.
I was asking myself this question the other day. Who ARE these people who buy $9000 lounge suites and designer clothes? I have nothing in common with them... Lol Even if I could afford it, I doubt I would waste my money on a designer label item just because of the brand. I always found that so superficial. Maybe if it was something I had a fetish for and I had money to burn I'd consider it (surely you can find something better than that airplane bag... Lol) - I'd probably end up with a bed cover made of rabbit fur or something ewww to the average person. God knows, I don't allow myself to think what I would do if I had that much money... Surely it would be more gallant to use it to help people around you. I like how you can talk to people and get on their level enough to convince them to open their houses up to you. That's a talent! I've only just found your channel tonight and I'm enjoying going along on the adventures! I think it's a really good theme to talk to the wealthy so people realise that money is not the solution to all of life's problems. I mean, you want to have your basics covered if you can, but I just saw a video of the piano lady who was playing on the streets of Melbourne for years, Natalie Trayling, and it shows how little some individuals need to find peace. Really what most of us crave is connection and community. And the lucky ones find God along the way too.
anyone wouldnt mind spending $5 on shoes. Because for us $5 is chump change even if someone is earning $30k annually. Now consider this, for super rich people , $9000 is exactly what $5 is for you. They're just that rich. They dont see the amount cause for them, its absolutely nothing. Source : have some SUPER RICH politician friends
anyone wouldnt mind spending $5 on shoes. Because for us $5 is chump change even if someone is earning $30k annually. Now consider this, for super rich people , $9000 is exactly what $5 is for you. They're just that rich. They dont see the amount cause for them, its absolutely nothing. Source : have some SUPER RICH politician friends
My god that instagram model is an absolute mess, what has she done to herself. It's such a shame to see what people will do to themselves just to get their 15 minutes of fame, then on the other hand respect to the young lady who works 5 jobs & has probably not compromised herself in any way.
