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Reply to "Are you low key about your wealth?"
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[quote=Anonymous][quote=Anonymous]We have a net worth of about $14 million (all earned) and will inherit $10 million or so at some point. [b]I wear Banana Republic clothes and sometimes Gap or Old Navy.[/b][u] [i]So you can afford to not buy garbage made in sweatshops, but you choose to. Okay.[/i][/u] My husband wears $30 t shirts only if I can find them on sale. He did have custom suits made on a trip to Thailand but he is semi retired and works from home so he wears old t shirts and shorts all day. He spends almost nothing on himself. Our house is worth about $2.2 million[u] [b]but we do a lot of work ourselves[/b] [/u](mostly because contractors do shoddy work). [b][i]so you don't put much back into the economy...you hoard it.My husband fixes my 8 year old Mercedes SUV if there are issues. Our kids are a different story. They go to public school but have private lessons for sports, tutors, expensive clothes and sports equipment. My 17 yr old has a new $45,000 SUV though we also use it sometimes. (Safety was a priority.) So kids think my kids are rich but our friends don’t suspect we are! And while they are adorable and kind kids who don’t expect these things (or ask), I do think they might not understand how hard it is to earn a decent living. However, my 17 year old did say he feels bad that college costs so much so he wants to find a cheaper school. That made me sad. We’ve never mentioned that college is an issue or source of stress. I suspect my husband and I will live relatively frugally forever buying used cars, clothes on sale and doing repairs ourselves. It’s just who we are. My husband wants to leave most of our money to our kids. One has a degenerative illness and might struggle later in life. The other child will be fine but will get his share. Money has eliminated that specific area of stress (which can be significant). It hasn’t made us happier or changed our friendships. Our friends know we aren’t poor but don’t know how comfortable we are. They were our friends when we earned very little. [/quote][/quote]
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