Anonymous wrote:I own and rent out a tiny house in (a nice resort town). I inherited it. When people ask, I say, "Well, I'd give it up right now if I could just see my dad one more time."
So true, and puts it in perspective for most because they realize that their dad is still alive and mine is not and how they're actually the lucky ones. And then I assume they start thinking that down the road, they may possibly inherit something and I'm just at a different place in this situation then they are.
Anonymous wrote:I'm not rich, but I definitely downplay what I have
Anonymous wrote:I lie about it all the time. My DH makes an obscene amount of money. I try to avoid questions about it, but I definitely downplay things.
Anonymous wrote:DH and I are in our late twenties and make almost $300k combined. We live in a two bedroom apartment, have no furniture, drive used Hyundais, and don't take vacations - we work all the time. Working makes us happy. The few friends we have would probably shit bricks if we knew how much money we were sitting on.
"Hiding" our income is probably easier due to our ages. (We don't think of it as hiding - we are just not spenders.) At some point, I guess we will probably stretch out legs a bit financially.
Anonymous wrote:I lie about it all the time. My DH makes an obscene amount of money. I try to avoid questions about it, but I definitely downplay things.
Anonymous wrote:Why is that hilarious? I did live in Fairfax. If I say McLean, people may think "Oh, so you are one of those kinds of people"
Anonymous wrote:If somebody asks you a direct question, do you avoid the answer or do you lie or tell the truth?
If you do something other than tell the complete truth, why?
Not too many people ask me, but in the past, I try to avoid the question. I recall exaggerating my debts too. For example, how do you own 3 rental properties already? My response is something like "Well the bank actually owns them". It is partly true although they are mostly paid off.
I have 5.5 million in Real Estate, it brings in 20k per month. It's been a long hard road and still is. We worked and sacrified to get here. Why downplay it? I certainly don't give out details or numbers but it is my business and I am proud of it. A lot of people assume or even ask if my husband is a lot older than me or we obtained our properties from older generations of our family, love to tell then they are wrong on both and we did it all ourselves with not a huge income either.