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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are in top 1% in terms of income/wealthy, but drive a modest car, wear modest clothes, and generally live a "mostest" lifestyle, then there are 2 possibilties

1) you are spending the money extravagantly in another way.  There are many many ways to be extravagant.

2) you are hoarding money like a dog in the manger

3) you are giving so much money to charity that you are actually living on $60k a year.

You should not feel you are a "normal" person if you are doing the first two.  You just are not.  If you are the 3rd, you are also not a normal person, you are an unusually good person.[/quote]

Look beyond your myopic world view:

4) You recently became wealthy and are formulating a plan

5)  You have a trust fund that gives you a set amount annually so you are wealthy but only have a limited amount given to you each year

6) you pay a boatload of taxes each year (and to cpas, attorneys, etc.) and while you have a lot of money you have a lot of money going out as well.  You were gifted a chunk of it and intend to gift onward.

7) you watched your parents need long term care.  You have the same gene.  You're preparing for the likely same fate they had and don't want to be a burden

8) You are doing #2 with the intent to pass it on to your children one day.  You aren't a dog in a manger (but if that is how you want to describe it, so be it.) but yes, you're saving instead of spending lavishly.

There are a lot more options...you see the world VERY black and white - oh, and you sound bitter, too.[/quote]

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