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Reply to "I make so much money my whole concept of money is distorted and it’s hard to relate others anymore"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Try not to be flashy, never speak of your 1% challenges, and always keep in mind that friends and family are what's important. Also, you could hire a wealth management advisor to talk about everything. [/quote] Op here. This worked sorta well when we made less and had less. One can fairly easily hide some degree of income and wealth. But as it grows exponentially even hiding large amounts still gives the appearance that I have much more than those around me. For example a 1%er can fit in well with the top 10% even though he makes multiples of their income. Some Might fit in okay with the middle class, but truly that is a stretch, because his monthly income is their annual income. Further down the income ladder the multipliers get absurd. As one goes up the income ladder (and the net worth ladder which should inevitably follow) the same thing happens. I hope and think that my values are solid and good, but it’s not the same. It comes with obvious financial benefits, but it’s also lonely and hard to relate with those further down the ladder. [/quote] PP here. Yes, I see your point. What I described is for probably <20mm set, and I was suggesting to hide/camouflage the wealth, which may be appropriate at that lower level. In your situation, maybe the strategy should be to lean into the wealth via a cause/ foundation/charity as others have suggested? Maybe part of the solution is to more fully & forcefully acknowledge your situation and see what that brings. [/quote]
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