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[quote=Anonymous]None inherited. No gifts from parents although they contributed to education. I grew up probably lower upper class. We always had plenty of things, but parents spent everything when it came in and rarely saved.

We are much wealthier than either of our parents. We have considerable amounts in retirement accounts, non retirement accounts and a spread across numerous assets classes. We always carry a considerable amount of liquidity. Our monthly spending is objectively compared to society generally high but insignificant for our income and net worth level.

We have a very nice lifestyle. The kids will occasionally ask if we are rich and I tell them that we are, but that they should not tell other people that because you never want other people to feel bad about differences in money. We have lengthy dialogue about responsibilities with money, why even if we are rich they still can’t get most things that they want, charity, etc.

But yesterday my 10 year old asked me straight up how much I made and I was embarrassed to tell her. I told her a lot and she asked for a specific amount. I told her that I had to think about it before answering. That the question made me feel uncomfortable and that I would get back to her about whether I was comfortable to tell her. I’ve had other friends occasionally ask a money related question and I usually dodge, but recently I sold a business for a very significant sum and a friend directly asked how much I sold it for. I told him and now question whether I should have (ironically he probably presumes that it is the lions share of our net worth, when It’s far from it. It made me feel very uncomfortable, not that I think he would share or that it came from a bad place at all.

Our social circle is well off to very well off, with some exceptions, but we are undoubtedly the wealthiest. They know that, but not the magnitude of how much wealthier. We will leave some amount to our kids, but definitely not the majority of our wealth and possibly a very small percentage.

It makes feel awkward. I don’t want to come across cagey, but also don’t want to make anyone uncomfortable.  The latter matters to me more.

Thoughts?

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