Are you low key about your wealth?

[Anonymous]

NW ~$10 mil also.
Low key. Grew up MC. Pulled myself up by my bootstraps. Never worry about money anymore and grateful for it. Still work hard but on my own terms and love it, not burnt out. Never flaunt it though so that keeps expenses down naturally because I buy what I like/want, not what other people have. My job and house are a tell but I don't care, not trying to necessarily hide it either.

[Anonymous]

Anonymous wrote:I don't really think about it, but I suppose not. The real estate is not low-key.

+1

Our real estate and vacations are definately not "low key". But we don't flaunt it. We spend on what we want, are very generous with our friends. For us, it's just how we live.

[Anonymous]

Anonymous wrote: I’ve done some reflecting on this. DH and I grew up lower to middle class. We bought our house years ago and family, neighbors and friends are all middle - upper middle class. I will admit here that I have some prejudices about rich people, despite being one now myself.

I don’t trust that I could raise kids well who understand how wealthy they are. I do not want to get into circles where I or my kids feel pressure to keep up with the Joneses.

So, we don’t go out of our way to save money, but because our house is so cheap and cars aren’t that exciting, we do end up saving a lot. We go on nice vacations, and I buy lots of clothes but just at places I’ve always shopped.

For reasons above, plus possibility of getting robbed or being a target for a scam, I don’t want to buy watches or purses that cost thousands.

I’m 100% like you! I had some real rollercoaster experiences growing up as wealthy-adjacent (UMC) and then not wealthy at all (MC), and now back to UMC, maybe could someday be wealthy. But my priority is that my children have a good education and don’t feel this horrible pressure to keep up with the Joneses. That being said, I hope I’m making the right choices. But no, not flashy, at all, drive a dented minivan much of the time, but do have some nice jewelry. Try to wear decent clothes but tbh love the value of Costco clothes, so my soul is not flashy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:i drive a beater but have a fat brokerage account. live in an unassuming townhouse. but i wear an Omega or a IWC on the daily, even for groceries

LOL. What a weird thing to say bud. Omega is a wealth indicator? I have one in my drawer somewhere. I guess I should wear it too.

I do not look at or care about people’s watches ever. How many people really do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i drive a beater but have a fat brokerage account. live in an unassuming townhouse. but i wear an Omega or a IWC on the daily, even for groceries

LOL. What a weird thing to say bud. Omega is a wealth indicator? I have one in my drawer somewhere. I guess I should wear it too.

I do not look at or care about people’s watches ever. How many people really do?

I think it’s a non-white + middle eastern (cause they are considered Caucasian) male flex TBH

[Anonymous]

Yes, I only wear CLEAR nail polish on short, NATURAL nails, like all low-key wealthy people with good taste.

[Anonymous]

Anonymous wrote:Yes, I only wear CLEAR nail polish on short, NATURAL nails, like all low-key wealthy people with good taste.

Hahaha I love this crossover post - good job PP

[Anonymous]

A mix I guess. We stay in our first home (worth 900K), our HHI will cross $1M next year. We did have bathrooms remodeled and will eventually remodel kitchen. Kids are in public school, but I do like nice things - have a couple of Hermes bags (not the birkin/kelly/constance/picotin, I dont think most people recognize the bags). wear 22K gold jewelery, diamond studs, travel to Europe almost every year and one trip to caribbean. I stopped posting on social media 10 years ago, but dont lie where we are vacationing when people ask me. Own two cars, a new BMW X3 (mid price luxury) and a 12 year old BMW (probably worth 5K at this point). NW almost $7M. DH does wear his Omega and his JLC. Someone can also look at our linkedin and guess our HHI, we both are in tech. Most friends are in tech, so they know the salary ranges. I do think there is no glory in hiding wealth, if you really do enjoy luxuries. We buy things because we like them and want to wear/own/experience them not to do any "status signaling". I am not going to "deprive" myself, just because some/all people think that I am flaunting my money. We save plenty

[Anonymous]

Anonymous wrote:A mix I guess. We stay in our first home (worth 900K), our HHI will cross $1M next year. We did have bathrooms remodeled and will eventually remodel kitchen. Kids are in public school, but I do like nice things - have a couple of Hermes bags (not the birkin/kelly/constance/picotin, I dont think most people recognize the bags). wear 22K gold jewelery, diamond studs, travel to Europe almost every year and one trip to caribbean. I stopped posting on social media 10 years ago, but dont lie where we are vacationing when people ask me. Own two cars, a new BMW X3 (mid price luxury) and a 12 year old BMW (probably worth 5K at this point). NW almost $7M. DH does wear his Omega and his JLC. Someone can also look at our linkedin and guess our HHI, we both are in tech. Most friends are in tech, so they know the salary ranges. I do think there is no glory in hiding wealth, if you really do enjoy luxuries. We buy things because we like them and want to wear/own/experience them not to do any "status signaling". I am not going to "deprive" myself, just because some/all people think that I am flaunting my money. We save plenty

Similar here. NW about 7M, HHI 1.2M, house worth about 1.3M. I'd be surprised if anyone on our block made more than us, but I'd also be surprised if they thought we make as much as we do. The ways that we "show" our wealth aren't especially conspicuous. If you visit our house, it's very tidy and put-together. And we take annual vacations abroad. But otherwise I don't think anything is terribly obvious. I grew up with absolutely nothing and have a reflexive distaste for showing off wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A mix I guess. We stay in our first home (worth 900K), our HHI will cross $1M next year. We did have bathrooms remodeled and will eventually remodel kitchen. Kids are in public school, but I do like nice things - have a couple of Hermes bags (not the birkin/kelly/constance/picotin, I dont think most people recognize the bags). wear 22K gold jewelery, diamond studs, travel to Europe almost every year and one trip to caribbean. I stopped posting on social media 10 years ago, but dont lie where we are vacationing when people ask me. Own two cars, a new BMW X3 (mid price luxury) and a 12 year old BMW (probably worth 5K at this point). NW almost $7M. DH does wear his Omega and his JLC. Someone can also look at our linkedin and guess our HHI, we both are in tech. Most friends are in tech, so they know the salary ranges. I do think there is no glory in hiding wealth, if you really do enjoy luxuries. We buy things because we like them and want to wear/own/experience them not to do any "status signaling". I am not going to "deprive" myself, just because some/all people think that I am flaunting my money. We save plenty

Similar here. NW about 7M, HHI 1.2M, house worth about 1.3M. I'd be surprised if anyone on our block made more than us, but I'd also be surprised if they thought we make as much as we do. The ways that we "show" our wealth aren't especially conspicuous. If you visit our house, it's very tidy and put-together. And we take annual vacations abroad. But otherwise I don't think anything is terribly obvious. I grew up with absolutely nothing and have a reflexive distaste for showing off wealth.

You are surrounded by broke people 7M NW doesn't make you special.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:i drive a beater but have a fat brokerage account. live in an unassuming townhouse. but i wear an Omega or a IWC on the daily, even for groceries

LOL. What a weird thing to say bud. Omega is a wealth indicator? I have one in my drawer somewhere. I guess I should wear it too.

I do not look at or care about people’s watches ever. How many people really do?

Watch people. My DH is into watches and he notices other peoples. I could not tell you anything about them and I never notice. For him it’s like an important life talisman or something. I don’t mind, there are way dumber expensive things to get into.

[Anonymous]

Anonymous wrote:We have two nice homes but other than that we are very low key. I drive a 10 year old Subaru SUV and my husband a 7 year old used Mercedes SUV. We spend very little on clothes and jewelry. My husbands watch is a $100 Swiss Army watch. We’ve always lived well below our means as we both grew up middle class. We do fly first class. By any definition we are UHNW and we are very happy with the way we live. We are currently doing a window replacement project in our home that is costing $35k and I don’t worry about paying for it. That’s a real luxury!

you don't have a nice home if your windows only cost $35K. just saying...

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have two nice homes but other than that we are very low key. I drive a 10 year old Subaru SUV and my husband a 7 year old used Mercedes SUV. We spend very little on clothes and jewelry. My husbands watch is a $100 Swiss Army watch. We’ve always lived well below our means as we both grew up middle class. We do fly first class. By any definition we are UHNW and we are very happy with the way we live. We are currently doing a window replacement project in our home that is costing $35k and I don’t worry about paying for it. That’s a real luxury!

you don't have a nice home if your windows only cost $35K. just saying...

Yeah, real wealth should pay 35K/window, lol.
Like Warren Buffett said, "invest in the windows" or go home!

[Anonymous]

I don’t understand this thread, nobody picks a car based on whether or not it is “low key” for wealth, they just buy a car they like and can afford. Some people like car stuff a lot more than other people. But the person who sees no reason to buy something more expensive than a Toyota surely has other stuff they care about and want to spend money on.

The fun part about having extra money is pursuing/supporting the things you like and/or are passionate about. And being reasonably comfortable. So people will spend on comfort and what they like. I don’t think they care about being “low key” or not.

[Anonymous]

Anonymous wrote:I don’t understand this thread, nobody picks a car based on whether or not it is “low key” for wealth, they just buy a car they like and can afford. Some people like car stuff a lot more than other people. But the person who sees no reason to buy something more expensive than a Toyota surely has other stuff they care about and want to spend money on.

The fun part about having extra money is pursuing/supporting the things you like and/or are passionate about. And being reasonably comfortable. So people will spend on comfort and what they like. I don’t think they care about being “low key” or not.

Well, tbh, I do. I come from a country with lots of wealth disparity, people need security etc. I do not want a car that draws attention. So, I love some beautiful expensive cars and can afford them, but I do not buy them. Buy a nice Toyota or Honda and call it a day. I know it’s overkill but the peace of mind is worth it to me.