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

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[quote=Anonymous][quote=Anonymous]The older generation knows how to be rich and act poor: my parents (in their 70s) are worth at least 15M+ and literally wear sneakers from Costco until they have holes in them.  They drive cars until they are well over 15-18 years old.  They cut coupons.  They eat at Applebee's, if they eat out at all.  They clean their own house, mow their own lawn, and basically refuse to pay for a single service or convenience.

They are also well-educated and when they were in their 40s and making 7 figures they were more flashy, but they grew up working class and in their old age they've found that's what makes them happy.  They are also really paranoid about spending money and so they hoard.

THAT is hiding your wealth.[/quote]

+1 my grandfather just died leaving about 15M to his 3 children. My mom (widow) frets about making basic home repairs, like replacing a dead garbage disposal, because her dad would have just left it and loved without. We all thought grandpa was relatively poor growing up. [/quote]

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