Are you low key about your wealth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is interesting how so far everyone seems to feel it's a virtue to live quietly versus flashily. Seems that many people stated pridefully some version of "most people would have no idea how rich we are."

Why is that, I wonder? Because everybody WANTS to be rich, right? So when you get there, why do you then want to appear as though you're not?

Or maybe...you just want people to admire that you are rich, but also modest and loveable at the same time. Worthy of envy, but not hatred.

Not snarking, I'm just as guilty. Just interested in what people think about it.

Our family and friends circle is distinctly middle class/upper middle class. We do not want to flaunt anything, or make anyone uncomfortable. We very much value our friendships with people that knew us when we had a whole 10K in a CD.

I also think it's a function of how you're used to living. Since we started with nothing, we're used to living on very little. We aren't, but we also don't care about country clubs or buying whatever the latest fashion is, or fancy cars. When I think back to then versus now, the biggest difference is that I don't worry about balancing the checkbook, making sure that we have what we need in an account, because we *always* do, and then some. If we see something we like, we buy it. We definitely do things that make our lives easier, like outsourcing landscaping and house cleaning. If we take trips abroad, we travel business, not economy. We don't stay at the most expensive hotels, but we also don't stay at the Holiday Inn. We are fairly strict with DD because we don't want her taking our resources for granted, but we also don't make her wait until Christmas or birthday if she say needs a new computer. I feel like things have changed a bit, but not substantially.

You are mc- not weathy.

That's exactly my point. That is how we present. Our net worth is upwards of 35M, so wealthy by anyone's standards.

That is really great but there are people around dropping 15-25 million on home projects and buying 2nd and 3rd properties in high end places and looking to start new ones there. Buddy of mine recently cashed a post tax check for $78 million bucks on his way out of one of the partnerships he was involved in. Another has a private business that was reported to be worth tens of billions.

Folks with planes, 15 million dollar houses in Nantucket, 30 million dollar NYC town houses and ridiculously large and nice places here.

DC finally has a real set of entrepreneurs and all the numbers are crazy. Makes 35 million look different to me now.

[Anonymous]

I have worked for a company in the tech industry for the last 11 years. During my time at the company, it has went from a unicorn to a Fortune 100 company. The stock has split 2x and the business continues to grow at 25% rate. I have done very well at the company but some of my colleagues have just made a ridiculous amount of money. Most of them are very low key about their wealth. They have not gone on crazy spending sprees or overtly flaunt their wealth. They have nice cars but they are not driving Ferraris of Lambos.

The times it is most obvious is when they talk about their vacations. They are not renting out yachts or flying private jets but they are staying at very nice places and taking advantage all there is to offer.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is interesting how so far everyone seems to feel it's a virtue to live quietly versus flashily. Seems that many people stated pridefully some version of "most people would have no idea how rich we are."

Why is that, I wonder? Because everybody WANTS to be rich, right? So when you get there, why do you then want to appear as though you're not?

Or maybe...you just want people to admire that you are rich, but also modest and loveable at the same time. Worthy of envy, but not hatred.

Not snarking, I'm just as guilty. Just interested in what people think about it.

Our family and friends circle is distinctly middle class/upper middle class. We do not want to flaunt anything, or make anyone uncomfortable. We very much value our friendships with people that knew us when we had a whole 10K in a CD.

I also think it's a function of how you're used to living. Since we started with nothing, we're used to living on very little. We aren't, but we also don't care about country clubs or buying whatever the latest fashion is, or fancy cars. When I think back to then versus now, the biggest difference is that I don't worry about balancing the checkbook, making sure that we have what we need in an account, because we *always* do, and then some. If we see something we like, we buy it. We definitely do things that make our lives easier, like outsourcing landscaping and house cleaning. If we take trips abroad, we travel business, not economy. We don't stay at the most expensive hotels, but we also don't stay at the Holiday Inn. We are fairly strict with DD because we don't want her taking our resources for granted, but we also don't make her wait until Christmas or birthday if she say needs a new computer. I feel like things have changed a bit, but not substantially.

You are mc- not weathy.

That's exactly my point. That is how we present. Our net worth is upwards of 35M, so wealthy by anyone's standards.

That is really great but there are people around dropping 15-25 million on home projects and buying 2nd and 3rd properties in high end places and looking to start new ones there. Buddy of mine recently cashed a post tax check for $78 million bucks on his way out of one of the partnerships he was involved in. Another has a private business that was reported to be worth tens of billions.

Folks with planes, 15 million dollar houses in Nantucket, 30 million dollar NYC town houses and ridiculously large and nice places here.

DC finally has a real set of entrepreneurs and all the numbers are crazy. Makes 35 million look different to me now.

ok..thank you

[Anonymous]

Anonymous wrote:Posting anything on social media is tacky, sorry.

+1

Death to social media.

[Anonymous]

Ya'll know to prevent breakins and robberies at your home you should not be posting while you are on vacations?

I let DH post one picture of us or me on vacation and usually it is pretty innocuous. We don't post any pictures of 5 star accommodations. Generally it will be an outdoor nature shot of me or both of us.

All of my donations are anonymous. These total up to 7 figures.

[Anonymous]

12:33 poster--I meant to say we upload one photo after we return home and don't upload anything on the trip.

[Anonymous]

What’s wealthy? I think a lot of people like myself feel UMC and not wealthy so there’s not much to flaunt.

[Anonymous]

Anonymous wrote:Ya'll know to prevent breakins and robberies at your home you should not be posting while you are on vacations?

I let DH post one picture of us or me on vacation and usually it is pretty innocuous. We don't post any pictures of 5 star accommodations. Generally it will be an outdoor nature shot of me or both of us.

All of my donations are anonymous. These total up to 7 figures.

+1
We typically post one time, near the end of the trip or once we are back home. Also, our Social media is locked down to "only friends" viewing it---no friends of friends and so on. That way, even if I post on day 1, the risk of robberies is zilch because I am not SM friends with people who are not actual friends. I only have 200 FB friends, because I don't accept friend requests from people I don't know really well (50+ of those are family).

[Anonymous]

I routinely weep.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is interesting how so far everyone seems to feel it's a virtue to live quietly versus flashily. Seems that many people stated pridefully some version of "most people would have no idea how rich we are."

Why is that, I wonder? Because everybody WANTS to be rich, right? So when you get there, why do you then want to appear as though you're not?

Or maybe...you just want people to admire that you are rich, but also modest and loveable at the same time. Worthy of envy, but not hatred.

Not snarking, I'm just as guilty. Just interested in what people think about it.

Our family and friends circle is distinctly middle class/upper middle class. We do not want to flaunt anything, or make anyone uncomfortable. We very much value our friendships with people that knew us when we had a whole 10K in a CD.

I also think it's a function of how you're used to living. Since we started with nothing, we're used to living on very little. We aren't, but we also don't care about country clubs or buying whatever the latest fashion is, or fancy cars. When I think back to then versus now, the biggest difference is that I don't worry about balancing the checkbook, making sure that we have what we need in an account, because we *always* do, and then some. If we see something we like, we buy it. We definitely do things that make our lives easier, like outsourcing landscaping and house cleaning. If we take trips abroad, we travel business, not economy. We don't stay at the most expensive hotels, but we also don't stay at the Holiday Inn. We are fairly strict with DD because we don't want her taking our resources for granted, but we also don't make her wait until Christmas or birthday if she say needs a new computer. I feel like things have changed a bit, but not substantially.

You are mc- not weathy.

That's exactly my point. That is how we present. Our net worth is upwards of 35M, so wealthy by anyone's standards.

That is really great but there are people around dropping 15-25 million on home projects and buying 2nd and 3rd properties in high end places and looking to start new ones there. Buddy of mine recently cashed a post tax check for $78 million bucks on his way out of one of the partnerships he was involved in. Another has a private business that was reported to be worth tens of billions.

Folks with planes, 15 million dollar houses in Nantucket, 30 million dollar NYC town houses and ridiculously large and nice places here.

DC finally has a real set of entrepreneurs and all the numbers are crazy. Makes 35 million look different to me now.

We won't ever be billionaires, but when we exit the business we started, we will likely be in the 100s of millions range. I still don't expect any changes to our lifestyle. We're just not what you think of when you think of people with high net worth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is interesting how so far everyone seems to feel it's a virtue to live quietly versus flashily. Seems that many people stated pridefully some version of "most people would have no idea how rich we are."

Why is that, I wonder? Because everybody WANTS to be rich, right? So when you get there, why do you then want to appear as though you're not?

Or maybe...you just want people to admire that you are rich, but also modest and loveable at the same time. Worthy of envy, but not hatred.

Not snarking, I'm just as guilty. Just interested in what people think about it.

Our family and friends circle is distinctly middle class/upper middle class. We do not want to flaunt anything, or make anyone uncomfortable. We very much value our friendships with people that knew us when we had a whole 10K in a CD.

I also think it's a function of how you're used to living. Since we started with nothing, we're used to living on very little. We aren't, but we also don't care about country clubs or buying whatever the latest fashion is, or fancy cars. When I think back to then versus now, the biggest difference is that I don't worry about balancing the checkbook, making sure that we have what we need in an account, because we *always* do, and then some. If we see something we like, we buy it. We definitely do things that make our lives easier, like outsourcing landscaping and house cleaning. If we take trips abroad, we travel business, not economy. We don't stay at the most expensive hotels, but we also don't stay at the Holiday Inn. We are fairly strict with DD because we don't want her taking our resources for granted, but we also don't make her wait until Christmas or birthday if she say needs a new computer. I feel like things have changed a bit, but not substantially.

You are mc- not weathy.

That's exactly my point. That is how we present. Our net worth is upwards of 35M, so wealthy by anyone's standards.

That is really great but there are people around dropping 15-25 million on home projects and buying 2nd and 3rd properties in high end places and looking to start new ones there. Buddy of mine recently cashed a post tax check for $78 million bucks on his way out of one of the partnerships he was involved in. Another has a private business that was reported to be worth tens of billions.

Folks with planes, 15 million dollar houses in Nantucket, 30 million dollar NYC town houses and ridiculously large and nice places here.

DC finally has a real set of entrepreneurs and all the numbers are crazy. Makes 35 million look different to me now.

We won't ever be billionaires, but when we exit the business we started, we will likely be in the 100s of millions range. I still don't expect any changes to our lifestyle. We're just not what you think of when you think of people with high net worth.

wow...billions and billions....dcum so rich!

[Anonymous]

Not sure how you can tell if someone is flaunting it without knowing their net worth.

The following 3 people all look identical:

the one who spends like he makes a $1M, but actually makes $300K and is about to declare bankruptcy.

The one who spends like he makes a $1M and makes it.

The one who spends like he makes a $1M and makes $5M, developing a very substantial nest egg.

[Anonymous]

Anonymous wrote:We are fairly wealthy, retired NW 20m. We try to maintain a low profile but people know. We feel guilty so many family and friends who are struggling to keep going. My husband says it’s “unsportsmanlike” to brag, gloat, etc.

Send gifts to friends and family.

[Anonymous]

Anonymous wrote:I would consider us to be wealthy (early 40s, about $10M net worth) and we're probably somewhere in the middle. I think you have to define "flaunt".

We present as UMC for sure - fit, nice clothes and accessories, nice skin/hair/teeth, hobbies like golf and tennis. We go on very nice vacations and often stay in really nice accommodations. But we're not ones to post social media photos of ourselves in first class or staying at the Four Seasons. So in that way, no I don't think we're flashy. Plus, we know people worth triple-digit-million dollars and fly private, so we're well aware of broader context.

But we do drive nice luxury cars and I have nice jewelry and bags. So I'm sure some people would see me getting out of my (white) luxury SUV, wearing a Moncler jacket, and wearing a Love bracelet and think I'm the height of flash.

Seems like a walking stereotype of a showy person who buys what she thinks rich people buy. Moncler Jacket, Cartier bracelet, whatever designer bags she sees on New York Housewives, luxury gas pig SUV, nice skin/hair/teeth? (Hopefully no veneers). Your vacations are normal for people with a good income but I don’t imagine your resort wear is low key subtle.