Reply to Do you downplay your wealth? A social discussion NOT a money discussion...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it's odd to have millions yet "pretend" you don't. Why not just give the money away so it's helping others rather than hoard it and continue to try to earn more? It's so backwards!!![/quote]

Because I am only 50 and not sure how much I will need? I have children to put through college. They may want to go into low paying professions. One of us could lose our job.  And mostly - I worked very hard for my money. I could have SAH or taken a part time or easy mommy track job, but I stuck it out in the corporate world. Why would I put up with the stress and challenges of a high paying job, only to give my money away?

[b]I don't "prentend" not to have money, [/b]I just don't disclose our net worth. It's no one's business. I like my nice but modest house in a good school district and my 8 year old Japanese car. I sleep well at night.[/quote]

Try to follow along. I was replying to people who DO "pretend", as many people in this thread claim (while patting themselves on the back). 
[/quote]

You try to follow along. I live in a paid off house on a street where other houses are worth twice ours. I drive an 8 year old Toyota.  Isn't this what you meant by "pretending" not to have money, living below our means?[/quote]

See your bolded above. If you didn't write the above, I'm not sure why you are replying as I had quoted and replied to that person. You (they?) Stated that you don't pretend. IN THAT CASE I WASNT TALKING TO YOU.

"Means" are relative. I guess technically I live below my means. Lets say I have $12 million dollars in the bank with 450K annual income. Is "only" living in a million dollar house and "only" having two 50k+ cars or doing public school "below my means"? Probably. We could afford more, but we don't want more, we feel blessed to live the life we do.. That doesn't change the fact that to some, my home or vacations or cars may seem "excessive". In other words, I am downplaying my actual wealth (that no one knows about because most of it is from a family trust) but still live a lifestyle that many who earn an average income would feel is NOT "downplaying" anything. Thats because they don't know the reality of our financial picture ~ just like most of us have no idea of our friends, neighbors or associates full financial picture. [/quote]

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