Percent of Liars on this forum: what’s your guess?

[Anonymous]

Anonymous wrote:I always apply the same logic as when people talk about the number of sexual partners.

I automatically subtract 30% of what they're claiming.

Hahah. I’m a gay guy and we add 100 percent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think that people who are rich are prone to post about their wealth. Also, that people who are thin are prone to post about their weight and virtuous diet and exercise habits. That people who spend a lot on extracurriculars for their kids post a lot about the benefits. That people who travel a lot post a lot about that.

I’m willing to post our HHI on this board (double biglaw!) but if there’s a post asking what my weight and dress size is, or how many international trips I took last year, I won’t comment.

Spot on.

Yes! This! I tend to post when it comes to self-made people (I came from absolutely nothing.) But I tend to skip NW and what age will you retire posts because it took me a while to get where I am now and I had kids late in life….

[Anonymous]

Anonymous wrote:I think that people who are rich are prone to post about their wealth. Also, that people who are thin are prone to post about their weight and virtuous diet and exercise habits. That people who spend a lot on extracurriculars for their kids post a lot about the benefits. That people who travel a lot post a lot about that.

I’m willing to post our HHI on this board (double biglaw!) but if there’s a post asking what my weight and dress size is, or how many international trips I took last year, I won’t comment.

+100

[Anonymous]

Anonymous wrote:I change détails (age of kids, my own age, historical details etc …) that are not relevant to the points I am making or info I am sharing but I never lie about the numbers. My memory may be off sometime but if so it is not by a lot and never intentional.

The biggest « fib » I have ever made on that forum was to present the situation under the angle of the other party, so that I would get answers more likely to help me understand the reasoning or the advice the other party would get (for ex. My parents, my MIl, my employee, my DH, my future adult children etc…). But in those cases I still don’t lie about the facts and present the intentions as best as I can

Me too. My husband's family (NW > $50M) has a lot of money and as his parents age, a lot of money issues. Sometimes I ask questions as if I'm discussing my parent's finances instead of my IL's to avoid the comments like "honey, it's not your money... he could divorce you tomorrow" or "Why do you care? Let your husband decide!" Like I have zero agency and shouldn't care about anything. And FWIW, I work and we about the same amount of money. We have financial advisors, but I mostly manage our money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I change détails (age of kids, my own age, historical details etc …) that are not relevant to the points I am making or info I am sharing but I never lie about the numbers. My memory may be off sometime but if so it is not by a lot and never intentional.

The biggest « fib » I have ever made on that forum was to present the situation under the angle of the other party, so that I would get answers more likely to help me understand the reasoning or the advice the other party would get (for ex. My parents, my MIl, my employee, my DH, my future adult children etc…). But in those cases I still don’t lie about the facts and present the intentions as best as I can

Me too. My husband's family (NW > $50M) has a lot of money and as his parents age, a lot of money issues. Sometimes I ask questions as if I'm discussing my parent's finances instead of my IL's to avoid the comments like "honey, it's not your money... he could divorce you tomorrow" or "Why do you care? Let your husband decide!" Like I have zero agency and shouldn't care about anything. And FWIW, I work and we about the same amount of money. We have financial advisors, but I mostly manage our money.

*we make about the same amount of money

[Anonymous]

Anonymous wrote:

Anonymous wrote:I change détails (age of kids, my own age, historical details etc …) that are not relevant to the points I am making or info I am sharing but I never lie about the numbers. My memory may be off sometime but if so it is not by a lot and never intentional.

The biggest « fib » I have ever made on that forum was to present the situation under the angle of the other party, so that I would get answers more likely to help me understand the reasoning or the advice the other party would get (for ex. My parents, my MIl, my employee, my DH, my future adult children etc…). But in those cases I still don’t lie about the facts and present the intentions as best as I can

Me too. My husband's family (NW > $50M) has a lot of money and as his parents age, a lot of money issues. Sometimes I ask questions as if I'm discussing my parent's finances instead of my IL's to avoid the comments like "honey, it's not your money... he could divorce you tomorrow" or "Why do you care? Let your husband decide!" Like I have zero agency and shouldn't care about anything. And FWIW, I work and we about the same amount of money. We have financial advisors, but I mostly manage our money.

Lol, as if there weren't already enough DILs on DCUM scheming for an in-law inheritance, we now have to assume that a good portion of parent-centered money questions are also disguised attempts to get in-law money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The only liars I sense are the ones who claim to make $2M + a year and still feel MC/don’t have enough/worry about retirement, etc.

That’s just ridiculous.

I’ll play:

After tax $1m
Mortgage/upkeep on main house: $100k
Second home: $50k
Transportation: $35k
Private for 3 kids: $160k
Clothing: $25k
Travel: $50k
Kids activities $20k
Groceries: $25k
Wine: $20k
Country Club: $20k
Eating out: $30k

It’s gone fast.

That’s hysterical. It’s gone fast because you’re spending it fast, on rich people things. You’re rich. I’m usually pretty sympathetic towards people feeling MC but this is just silly.

Very frugal indeed. 50% post tax saving rate. Impressive!

[Anonymous]

Anonymous wrote:This is the only place I’m honest about how much money my DH has. (Trust fund) No one I know in real life, including my family, has a clue.

Same here. We talk money with our kids in fairly specific terms but not a word to anyone else. Unless DH has been bragging, no one knows our net worth.

It's really nice to "talk" about money issues with people who get it and won't come begging for money in a month's time. I've gotten & given good advice.

[Anonymous]

Anonymous wrote:I keep a very close eye on my financial situation through various apps, etc., and literally know almost to the penny exactly what I have, don’t have, spend, earn, you name it. And I’m always 100 percent honest when I post about money on this forum. I mean, why not? It’s anonymous.

But I get the impression that a lot of the posts from others are fabrications. Do others agree that there is likely a lot of bs on this forum, and if you do why do you think that is?

I expect it’s mostly selection bias, OP.

[Anonymous]

Anonymous wrote:I think there are a lot of people that over estimate their HHI or home value. I am more intrigued by those that have their net worth down to the penny. I may be in the ball park by 250k or so but that is as close as I will get on any given day.
There are also many different philosophies on how to calculate net worth or salary - I have seen many who include stock options in those values or home values in the net worth.

I think I underestimate my home value. I take the tax assessed value and multiple it by .9 to account for selling costs. It's less than what the on-line valuations tell me, but it keeps my net worth more stable and I'm less bothered by the ups and downs of the housing market when I'm not planning on selling anytime soon anyway.