They target the poor, not the rich. Buying designer brand products can trap you in a cycle of chasing status, sinking debt, and losing out on the chance to build real wealth. Let’s talk about why designer brands will keep you poor.
In this video essay, we’re talking about how designer brands, from Hermes to Louis Vuitton to Rolex, are bad for your financial health. Spending money on designer items comes at a cost to your bank account and to our planet. These flashy brands create a fake illusion of wealth, but are they what actual wealthy people buy?
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If you like this video, check out these other video essays on money & society!
– How Consumerism Ruins Our Planet and Finances:
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– Influencers Don’t Care If You Go Broke:
Time Stamps:
00:00 The Birkin Bag
01:59 We seek manufactured status
03:17 Keep you poor
03:35 Targeting the poor
05:28 ‘Millionaire Next Door’
06:08 Celebrities wear designer though, right?
07:15 Preying on those who can’t afford
07:53 The ‘Pretty Woman Effect’
09:19 Trapped in the cycle of chasing
10:33 Intention living
10:56 Designer brands wastefulness
12:12 Fashion industry is a menace to our planet
14:12 Climate change impact on poverty
14:44 “Investment Pieces”
16:29 Designer bag vs Stocks
18:31 Final thoughts
Want to read more? Here were some of the sources I used while researching for this video:
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Wanting to be seen 'high status' is an american east coast thing. I lived there for 4 years and it drove me f nuts. Back in Australia now and everyones authentically themselves and not constantly trying to show a masked version of themselves.
There's plenty well made and beautiful items from mid priced brands and less well known brands/unbranded. And making your own fashion, if you have the time to get skilled enough, can be a great way to make quality and unique items that fit you perfectly. I buy most of my stuff secondhand and make some of my own garments. I don't look rich but that's not the look I'm going for anyways. My style is casual, alternative, goth. Been like this for twenty years.
Your video was very good until I got to the environmental nonsense. Sell it somewhere else. Your argument leads to zero industry anywhere
Slave to luxury and think just buy what is affordable, such high tag price product are only for the super rich.
It’s just “stuff”. When you die, you don’t take any of it with you. Laying 6ft under, you are just as poor as the person laying a couple of feet away in the next casket.
Designer fashion for women, but importantly, fancy cars for men! Don’t forget that at the end of the day it’s just a goddamn box on wheels!!!!
Even if I was a millionaire I wouldn’t buy any of it: most of them are ugly as sin. My bags are all Kipling: sleek, robust, elegant and match everything I wear. Plus the quality is amazing. I love Kipling bags.
lv is not so worth it. trunkmini bag is good but expensive.
Lol women
This is hilarious.
Nice summary! You might find yourself on a manhunt list of the French Secret Service 🙂 That's the mainstay of their economy: Sell overpriced stuff which noone needs.
Never was interested in that crap its all made over seas in a sweat shop anyways
Just stumbled across your channel, really enjoying this video so far. Subbed. Thanks for the upload.
I'm glad I stumbled upon this video. I agree with you wholeheartedly but one thing that I recently came to terms with is that there have to be a bunch of people buying LV bags for the LV stock to go up. Without overconsumption we wouldn't see the rate of growth we have been seeing.
thanks so much
each one is resposable for his choice. The designers are just tradepeoples. They have understood how to make more money by saling their. monogramms or name. And the customers who want to show they are "rich" buy these items.
This isent the eleganz. The eleganz is refinement and discretion.. Look at the real rich, ( Queens, princesses, big industry owner ….. and aristocrats) they dont show the monogramms or marks. When they have something from a known designer it s always discreet. Only the "knew riches" want to show how many monney they "have" and often they havent " class" – eleganz
When I was in my late 20's and 30's I had a good paying job and became extremely materialistic. I had to drive a Mercedes, always wore PoloRL clothes, MCM wallets and purses, bought a Rolex everything was top of the line. I know now I did for others to impress them to show I had "made it". The problem with that life is it's empty and always wanting more stuff. Long story short I lost it all and gained and lost and then finally realized this all ends everything you love dies and everything you have will be gone. I am now 60 but I remember at 40 I decided I will find myself and who I am and what makes me happy. I am happier now than ever without caring what anyone thinks about me or what I have. Old guy tip…..don't worry about impressing others no one cares and it's not worth it ~
The uber rich are wearing silent luxury. All their clothes actually cost a lot. Iykyk
You didn't factor in the impact of inflation : $3500 in 10 years is going to be far less in value than 3500 today. Conversely, the increase in investments does not factor in currency depreciation.
ugly bag tho
i havent watched a second of this video nor will i ever need to, this is the most obvious shit ever, of course its a scam, of course you shouldnt piss your money about on stuff.
Im so poor that I think anyone who shops at Costco is rich.
People who need luxury brands seriously need to invest in therapy to develop a little self esteem.
Don’t run you’re CC either just to say I mean it’s ok if you have No limit black CC and if you can able to pay within you’re take home paycheck but if you making or take home 1,500 or less in two weeks then you buying a purse worth 3k 😂😂😂 then you fooling yoo self
If you’re last name is Buffet Rothschild or Gates it won’t make you poor 🤷🏻♀️😉