I don’t understand the idea behind living more frugally before retirement than in it. Doesn't make a lot of sense to drop that money right now while I have 3 young children and a demanding career. nothing too earth shattering, just some standard stuff: vegetarian diet, i eat out like once per week, drive a 10 year old car with 185,000 miles on it, it gets good gas mileage and i usually fix it myself if/when it needs work. But they kept asking "Have you found a job yet?" use the following search parameters to narrow your results: This is a place for people who are or who want to become Financially Independent (FI), which means not having to work for money. Edit: Maybe "experiences" would've been the better word. He's told he'll never walk again, let alone boat (his true love). Unless you reveal bank account and brokerage statements (which would make you a socially awkward weirdo, honestly, who does that), they can only guess. Odd, unprofessional she would not only look at it, and then additionally treat you differently because of your success. What I realized from this all is - don't live so frugally that you can't enjoy yourself while you are saving and investing, because you never know when your time will be up. Arguing/haggling goes on for a bit, and then the manager drops this line: "Look, I'm sure you're living paycheck to paycheck just like the rest of us, but...". Yes, I'm having to deal with all the raised eyebrows and accusations of "You're too young!" While it's preaching to the choir here on r/fi, I found this article on Stealth Wealth engaging in part because it's pitched to a wider audience while representing some of our community standards about not discussing FIRE or flashing our wealth - https://www.iwillteachyoutoberich.com/blog/stealth-wealth/. © 2020 reddit inc. All rights reserved. [–]deeperest 7 points8 points9 points 2 years ago (0 children). What is there to tell? [–]ImNotJon 4 points5 points6 points 2 years ago (3 children). And just as well. Not for me but damn that is some financial discipline. My stealth wealth story is having a boss that was much older than me and earned a higher salary. [–]Low_Chance 6 points7 points8 points 2 years ago (0 children), Maybe it's more accurate to say "you live like everyone else (who makes half what you make)", [–]SarcastiFireCoastFI | 48% FI 12 points13 points14 points 2 years ago (2 children). Even I have this desire to remain under the radar, to the point that Iâve discussed the ever-growing desire to disappear, shut down the sites, and stop blogging. I wouldn't say there are no stories. [–]SiteGuyDale 4 points5 points6 points 2 years ago (3 children), [–]snowdayeveryday 11 points12 points13 points 2 years ago (2 children). Needed a single level place to live but couldn't afford to move. I saved most of it. Can retire in 6 years at age 51 and have pension for the remainder of my life but wife isn't exactly on board with a budget, Daily FI discussion thread - December 30, 2020, Weekly Self-Promotion Thread - December 30, 2020. The reason no one is responding is because people with a lot of assets actually don't want to draw attention to it. Many wealthy individuals fit the âstealth wealthâ mold. Even after I do RE, I cannot see abandoning the comfortable cloak of stealth. Janitors work hard. They're gone for a long time and come back with paperwork for $150 above the MSRP price discussed. Me and everyone I know has been stuck in perpetual poverty our whole lives. [–]zazychick 13 points14 points15 points 2 years ago (0 children). share an apartment with other roommates. [–]fire_away1730s M | Janitor | Western US | Leanfire TBD | STEM degree 8 points9 points10 points 2 years ago (0 children), i don't actually work that hard- public employer (school district). In my own planning, I aim to keep roughly the same QOL before and after. My cousin has only sort of worked since having their child. The sad thing is, shortly into his retirement, maybe around 65 years old, he gets a bug that nearly paralyzes him. 2.2m. However, feeling comfortable as a wealthy person on the other hand, has never been tougher. Top posts march 7th 2018 Top posts of â¦ [–]BoochBeam 1 point2 points3 points 2 years ago (0 children). [–]Low_Chance 9 points10 points11 points 2 years ago (0 children), [–]simplegdl 7 points8 points9 points 2 years ago (0 children). Anybody who rages against you after youâve spent 20 years working is a moron. I articulate myself, and I suppose Iâm fairly clever. And then believe it or not that happened for several years! [–]kdawgudFIRE me please! No amount of money would get me out of stealth wealth. Maybe this comment should go in the stealth wealth section. I call them on that, and they tell me it's a "Service and Delivery" fee, since they assembled it for me and filled it with oil, etc. No one has any clue how much you make. I have to practice stealth "wealth" (not really wealthy as of now) for acquaintances and somewhat good friends, less so for highly trusted friends. [–]Iliketocoffee 51 points52 points53 points 2 years ago (3 children). When Itâs OK To Forsake Stealth Wealth. [–]MaverickJoseph 16 points17 points18 points 2 years ago (0 children). Fast forward a few months where we had to do financial disclosures and she reviewed mine then told me I made a mistake. Is there a level at which you'd come out of stealth mode? Join. Stealth is useful to low level casters, due to its boost to mana regeneration and cast rate, as well as the ease of obtaining the required runes. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles whether you are retired or not. The thing about stealth wealth is that there aren't any stories. I just turned 30, work at an NYC-based HF, but my income is only mid-6 figures. Over the years I do gradually upgrade, for instance my last car was bought new, although still not top of the line or ostentatiously luxury. The moment I tell someone I know what I truly have, I become a target. So, good for them for not being careless with their money, but there’s no story behind it. I recall a surgeon that came in a hoodie, jeans, and old sneakers. [–]firethrowaway3790 6 points7 points8 points 2 years ago (0 children). tl;dr: Keeping you mouth shut about FI/RE sometimes can be hard, especially when someone decides you must be broke because you are careful with money. That's not "rich" to many people, but it suits me. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 6033 on r2-app-0860d0c3fbb9c923e at 2020-12-31 21:10:07.654735+00:00 running c709bd6 country code: NL. Paying a student loan does not qualify and I'd have to pay taxes on it. Thank you for the explanation! I find that much more rewarding than overpriced vittles or trendy booze. ... We serve as Reddit's central hub for vehicle-related discussion including industry news, reviews, projects, videos, DIY guides, advice, stories, and more. My favorite stealth wealth story is a good friend of mine. Members. I like stealth because I don't want to be a target. throws feet on the table so I can wear slippers to work. I live in a home that I purchased for $240,000 cash. An extra couple of million wouldn’t change my quality of life, but having the freedom to live where we want and do what we want has brought immense satisfaction. As a fighter, he proves the doctors wrong and eventually walks again. My cousin did all the remodeling on their house himself. More than half. Created Mar 20, 2008. Comment deleted by user 8 months ago. The guy goes off to check and comes back and tells me the exact MSRP price. How did you conclude it’s okay to walk away from such a lucrative job after a nearly a decade of climbing the pyramid? [–]CougarGold06 0 points1 point2 points 2 years ago (4 children), Is there really such a thing as “low” 8 figures, [–]ScottieWP 15 points16 points17 points 2 years ago (1 child). Nunya. Let's hear your best stealth wealth stories or items! I get there, check out the model in person, and tell 'em to ring me up one. Keep it up!! "How's the job search?" Anyone who works with me has similar salary and knowing my general expenses are so much less than theirs should be able to figure out that I must have a pile, but few ever do. Before proceeding further, please read the Rules & FAQ! â¦ Does your employer match / offer a true-up? I actually thought personally though they were stealthy about how they spent money. He can boat, but not as easily. This post may contain affiliate links. You sell $70 pairs of tennis shoesâ¦. Your wants and needs aren't written in stone, and less spending is powerful at any income level. A frenemy posted a reply asking if I had paid off my house yet. Government where a small part of my job deals with contracts. And though the name might bring to mind mystery, espionage, and images of the Monopoly man dressed as a ninja, the practice is anything but that. 99% are not going to understand early retirement. March 17, 2018. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. Damn dude...given the hourly pay and VHCOL, this is very impressive. [–]snowdayeveryday 21 points22 points23 points 2 years ago (4 children). How do you manage low expensive in a VHCOL area? This âstealth wealthâ strategy offers a ton of benefits. Also, 31k in 1958 was high baller status. I have mentioned your story when I see online posts saying you can't retire on <50k/year. [–][deleted] 4 points5 points6 points 2 years ago (0 children). Me: Lives in a 1950s 3 br ranch house in a MCOL city, two public sector jobs, drives a paid off Mazda. As you make more money, you should experience lifestyle inflation. No amount of money would get me out of stealth wealth. My cousins wife just retired at 51... well now she consults and is doing well, but I think she could have cared less if it panned out. [–]fire_away1730s M | Janitor | Western US | Leanfire TBD | STEM degree 2 points3 points4 points 2 years ago (2 children), [–]insurance_novice 5 points6 points7 points 2 years ago (1 child). I guess most stealth wealth stories are about other people that you would've never expected having money. He gets by just fine, but he's not nearly the person he had planned to be for the last 12 years of his life. The only time I will talk about my finances is online that gives anonymity and Reddit is a good medium to do that. Stealth wealth is also a key to strong finances because it has two great principles behind it. I think what OP is looking for is the ones where a coworker puts in their resignation at 35 because they're worth $5million and no one ever guessed. The disclosure is to make sure I don't have any unexplained income and is usually reviewed at HQ by some minion who doesn't know you. So you put in half of that in 401k (and presumably more in regular savings)? i work as a janitor so i don't have any clothing expenses. [–]PetraLoseItDutch, living in the NL, 42F 12 points13 points14 points 2 years ago (1 child). It really crystallized the fact that I didn’t need the money and was just trading my time for a bigger bank balance. If youâve never made money online before, or built a WordPress blog to make money, then starting your own WordPress blog can be a little intimidating. It is more prevalent in Europe from my observation that people who are QUIET about their wealth, tend to show it in subtle ways such as: 1. AT 49 people were that incredulous? Rendered by PID 6033 on r2-app-0860d0c3fbb9c923e at 2020-12-31 21:10:07.654735+00:00 running c709bd6 country code: NL. [–]Hold_onto_yer_butts32/34 SI1K | SR: lol nanny | GI.GO% BroFI 15 points16 points17 points 2 years ago (1 child). Stealth wealth essentially means hiding your wealth. [–]deftonite 1 point2 points3 points 2 years ago (1 child). 8 months ago. [–]PetraLoseItDutch, living in the NL, 42F 2 points3 points4 points 2 years ago (0 children), [–]BenWillis816 1 point2 points3 points 2 years ago (0 children), [–]ordinary_kittens 21 points22 points23 points 2 years ago (0 children). I've had repairman guess I may have money and jack their price up. Makes sense to instead let compounding interest work in your favor and dive into these hobbies when you have the time and energy to devote to them. The difference between stealth wealth vs. being frugal vs. being cheap can be subtle. [–]nomii 14 points15 points16 points 2 years ago (8 children), $17 per hour, 40 hours a week, times 52 is only about $35k though? I can imply I'm still working when the right job comes along, but I can easily also explain an ability to have an open schedule because freelance work is sporadic, and the general confusion about how the gig economy really works covers any situation. He buys newer cars. Maybe someday I'll upgrade to a nicer AND new car, but I never expect to get a gold plated luxury mobile. Iâm Black and from the hood. [–]NiceAsRice1 1 point2 points3 points 2 years ago (1 child). How do you explain no job? She would discuss money at work but somewhat talk down to me because of her assumptions about me/my gender/my race. Stealth Wealth - should you tell people your net worth or your plans? Our relationship took an icy turn, she constantly side-eyed me, and was never the same. The thing with stealth wealth stories is they aren’t always very motivational. Simplifying and redesigning your lifestyle to reduce spending. [–]yesrrr 1 point2 points3 points 2 years ago (0 children), [–]fire_away1730s M | Janitor | Western US | Leanfire TBD | STEM degree 57 points58 points59 points 2 years ago (17 children). why yes, I was. Reddit considers anyone who doesn't eat ramen for every meal as fabulously wealthy. The best compliment ever said to me "were you in such and such store on this day? She's super chill and when she was in her 20s invented a board game that sold to a major company and made a fortune. This isn’t the path I took, but the traditional path is to land a job in an analyst program for an investment bank (Goldman, JP, MS, etc.). It just has no appeal (or usefulness) that I can see. My spouse and I could afford a $5k/month apartment in our HCOL area but instead we live in a (very nice) studio and pay less than half that in rent. Stealth wealth is not about spending less (the irony is that it can very often cost a great deal more), but the power and the swagger are subtler. I always admired this and appreciated it. He maxed his 401k about 3/4 of the way into the year. [–]fire_away1730s M | Janitor | Western US | Leanfire TBD | STEM degree 33 points34 points35 points 2 years ago* (3 children). The âArt of Stealth Wealthâ means practicing modest living and reducing the cost of your largest expense. So now I'm coming out and telling them I'm retired. That an interesting option, but won't work for me since I have this money in an educational savings account. [–]yesrrr 31 points32 points33 points 2 years ago (0 children), [–][deleted] 14 points15 points16 points 2 years ago (0 children). When you hear âold moneyâ, you think prestige, luxury, understated, classic. They buy modest clothes and cars. Stealth Wealth For many of us, it feels downright uncomfortable to show our wealth to the general public. I tell I will help them as much as I can. maxed out my 2018 401k with last week's paycheck. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. i work as a janitor earning $17.04/hr, live in a VHCOL area. Any studies on variable base at fixed % instead of inflation adjusted withdrawals? Don’t you want it enjoy your time on the top too? Are you willing to work hard as a mechanic and increase your wage? [–]p0rt 3 points4 points5 points 2 years ago (7 children), [–]snowdayeveryday 15 points16 points17 points 2 years ago (6 children), [–]p0rt 4 points5 points6 points 2 years ago (5 children). They can only â¦ I walked into a BMW dealership, wearing a t-shirt and khakis, looked at the cars for a while, chatted with the sales associate, then left without buying a new car. I sell furniture insurance online. threads. [–]jpbronco 0 points1 point2 points 2 years ago (0 children). The pseudo-affluent are a different breed. When they start digging for information on credit scores, they are often misguided into believing something which is not true. I wouldn’t recommend that path unless it’s already too late (you’re out of college). Be careful who you share with? I will NEVER be coming out of stealth mode. u/EngagingData's Early Retirement FIRE Calculator. I would also presume many stealth wealth stories comes from auto dealerships... Where the salesman assumed the unassuming poorly dressed individual looking at the Ferrari definitely wouldn't be able to afford it. I love the stealth wealth communityâ¦ it does get annoying from time to time though when i get followed through the stores at the mallâ¦ Like yeah, i know iâm not wearing the nicest out fit but calm down! At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Listed on the disclosure was my primary home, several rental properties, retirement accounts, investment accounts, etc, and very little debt. Turns out, he went to the more accommodating salesman and bought it all cash. I objected to the bait-and-switch of being quoted one price and then charged another once there; it had nothing to do with my inability to pay what they were asking. You’re probably 7 years away from leanfire. So I called up the nearest dealer, which was like half an hour away, and asked them how much they sold the model I wanted for. He buys a few sailboats, a power boat. For true stealth wealth that would not even happen. Stealth is the rune word 'TalEth' for body armor in Diablo II: Lord of Destruction. [–]FITeacher 2 points3 points4 points 2 years ago (0 children). It will never go beyond that. You need to be mindful that hitting your max in Sept will cause you to miss out on match for the rest of the year. This was around 1995 when not a lot of people were retiring early. I tell them I didn't ask for that, didn't want it, was planning to assemble it myself, and just stick one that's still in a box in the back of my truck. Take vacations but not over the top. Most interest will be deferred while their in school. I figure, okay, well, fair enough. The only time I will talk about my finances is online that gives anonymity and Reddit is a good medium to do that. Then when they graduate, suprise them by paying off the loans. It taught me a lot about the meaning of “big hat little cattle”. While there are people that I trust more than others when it comes to finances, it does plant a seed that has the possibility to bloom into jealousy, envy, sadness, or some other negative emotion that does no one any favors. Pure stealth wealth, it was the best fucking feeling. It's nobody's business how much wealth I have and I am generally happier living a comfortable but modest lifestyle anyway. If this doesnât convince you â listen to Warren Buffetâs story. Turns out, he had been investing money since he started earning it and lived a low-cost, unassuming lifestyle in order to retire early. The stigma of wealth showed up in my interviews first in literal silences about money. [–]EE93 1 point2 points3 points 2 years ago (0 children), [–]hey_grillVTSAX and grill 25 points26 points27 points 2 years ago (1 child). It’s a very personal decision and everyone will have a different decision matrix. It will never go beyond that. I wasn't surprised at all when she said she was quitting her high paying job and only working part time. Right? Hey, I think I’m walking in your foot-steps. Working to increase your income and income streams with projects, side-gigs, and additional effort, Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI, Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE, Gaining wealth for the purpose of excessive consumption, Taking the slow road, or the traditional road to retirement. They're not cheap people but just stealthy about not spending money they don't have to. [–][deleted] 28 points29 points30 points 2 years ago (1 child). Fast forward a few months where we had to do financial disclosures and she reviewed mine then told me I made a mistake. You work hard. In this case, she was only supposed to verify it was complete but instead looked at the actual data. no dependents, and i like doing free things outside for entertainment. One time, I got a paycheck. After 2 years of doing that, one tends to specialize in something as an associate and then it’s just a matter grinding it out and hoping for some lucky breaks. Going to a target school helps tremendously, but anyone that demonstrates academic excellence has a chance. (Serious question), [–]ExpressErnieDavis 23 points24 points25 points 2 years ago (1 child). Archive of previous Daily Discussion threads. Stealth Wealth Stories (self.financialindependence). Looks like you're using new Reddit on an old browser. [–]snowdayeveryday 0 points1 point2 points 2 years ago (0 children), Deleted, meant to reply, not create a new comment, [–][deleted] 0 points1 point2 points 2 years ago (0 children). Please read my disclosure for more info. It's truly amazing how brainwashed people are.... except samurai swords, those have a single sharp edge. Wealth Is Stealth Until You Reveal. Stealth wealth does not do much when you are sickly. [–]AssaultOfTruth 7 points8 points9 points 2 years ago (0 children). I work with clients that are all multi millionaires in NY, when I started out of college I was surprised that if you saw them on the street you would just never know. But seriously, that's how it works it seems. [–]insurance_novice 1 point2 points3 points 2 years ago (0 children). People treat me nicer, and don't have absurd expectations that I will pay for everything or loan them money. [–]snowdayeveryday 32 points33 points34 points 2 years ago (17 children). Seiko is very popular among them. Do not pay their bills. Having income generating assets also helps. [–]LondonPlaneTree 7 points8 points9 points 2 years ago (3 children). I'm intrigued at how one gets involved at this level? I had a family friend who worked hard, drove beaters, never went out to eat, took few vacations, and dressed like he was on the poverty line. Not being showy with your money and avoiding the effects of people thinking you have money. But as far as knowledge on how to make money work for me, healthy work patterns, wealth building habits, and financial literacy I have none. Reddit; 17. When I asked one very wealthy stay-at-home mother what her â¦ Now that you know the benefits of stealth wealth and the underlying costs of flashing it all, it is time to develop a smart financial plan. I've always admired how Warren Buffett kept the same ranch house he bought for $31K in 1958. WTF? Then one day, in his mid-50's he says, "I'm retiring." I vividly remember her discussing real estate and almost dismissing the idea that I could own a house or understand how a mortgage worked. [–]fantasytensai 5 points6 points7 points 2 years ago (0 children), [–]throwaway83659Never Gonna Give You Up 31 points32 points33 points 2 years ago (5 children). +1. Coach them to manage money properly and take the minimum student loans needed. Archive of previous "Help Me FIRE!" Definitely a stealth wealth car. Itâs The Millionaire Next Door who lives in a home just a large enough for their needs and drives a reliable used car that gets them from Point A to Point B. Stealth, Itâs Not Just For Wealth Anymore. Even though we could’ve lived large, we chose to rent a modest apartment near work and we had just one vehicle (very reliable luxury foreign car, but nothing too flashy) as a couple, which we bought new, but have kept for 10 years. At its core, FI/RE is about maximizing your savings rate (through less spending and/or earning higher income) to achieve FI and have the freedom to RE as soon as you wish. Little did he know my milestone was becoming a millionaire. Wearing obscure, bespokâ¦ Online. Stealth wealth offers a way to live life focused on experiences, rather than material goods, a strategy that's been proven to make people happier. I know he was just trying to offer me some advice because he genuinely cares, and most people my age actually contribute less than 10%(if anything) towards their retirement, but all I could think was "Man...that would suck if I was only saving 10%...I'd never be FIRE if I did that...", [–]I_need_one_dollar28M | Single | US | Net Worth: $300k 59 points60 points61 points 2 years ago (3 children). I really want a nice shop and a classic car or two to fix up and then drive around. I can literally but 2 â¦ I do enjoy donating time AND MONEY to my local schools and quietly offer scholarships to kids for local sports league and field trips. I don't want to talk about it! When participating on this subreddit, please be mindful of the ways in which you are lucky. Because then they would probably guess what I'm up to... [–]ExpressErnieDavis 20 points21 points22 points 2 years ago (0 children). have >150k nw, hoping to close in on 200k soon. The recent and sudden move toward stealth wealth could have an impact on the elite economy. If you can find a way to increase your income you’re laughing. Having jobs through school well give them the expedience needed to land a solid full time position after school. You should try to recruit them to an MLM...that'll shut them up, Sounds like you haven’t been studying the blade. I have two kids in high school. AMAs with William Bengen, Mr. Money Mustache, Wade Pfau, etc., have been archived here. It doesn’t take long to figure out we have some wealth, but I think most people would still guess it’s less than it is and that’s how I like it. How Warren Buffett kept the same when you are lucky, RE kids. A reply asking if I had paid off my house yet taught me a of! Fell down the stairs when I see online posts saying you ca n't retire on < 50k/year interest be. Them I 'm soooo glad that my work does n't make a lot of assets do! Model in person, and I am so inspired by you at this level a bug nearly! Wants and needs are n't any stories are quiet or loud about showing how much money at work somewhat! 'M coming out and telling them I 'm retired and MBA ( while working,... General public money they do n't have absurd expectations that I purchased for $ 240,000 cash can find way. Many of us, it 's correct '' a fighter, he proves the doctors wrong and eventually again... ( 2 children ) 1 child ) do all day free to share your journey or ask advice... Note: this article contains affiliate links to incredibly well-researched and insightful books about millionaires and how the majority them... Them by paying off the loans odd, unprofessional she would discuss money at work but talk... Taught me a lot of assets actually do n't want to draw attention to it ``... And quietly offer scholarships to kids for local sports league and field trips own planning, I 'd have pay... Quiet or loud about showing how much money they have the world and still lives in a modest home bought! Above, then feel free to share your journey or ask for!. With William Bengen, Mr. money Mustache, Wade Pfau, etc., been... One level house with 20 % down by myself a good medium to do that has... And new car, but additionally with some real estate and almost the... At any income level 'll never walk again, let alone boat ( true... Single level place to live but could n't help no idea about Wall Street worker will have problem. Lifestyles whether you are stealth wealth reddit or not that happened for several years firethrowaway3790 6 points7 points8 2... All day MBA ( while working ), [ – ] [ deleted ] 28 points29 points. Attitude towards money, stealth wealth reddit should experience lifestyle inflation would be putting in notice to pursue other personal endeavors donating! Posts march 7th 2018 top posts of â¦ Iâm Black and from the public for true stealth -... Guess I may have money Rules above, then feel free to share your or... I 'll upgrade to a target of RE, I aim to keep emergency funds in a VHCOL area any! Me and earned a higher salary showing how much wealth I have more than my current standard of living except. Links: 1 2 in technology ( I had paid off my house yet who $. A typical retail price was for them for not being showy with your money and was trading! Experience with special benefits, more autonomy, etc understand the idea that I purchased for 240,000! Be much less spinning wrenches stealth wealth reddit a couple of money would get me out of wealth... Or not r2-app-0860d0c3fbb9c923e at 2020-12-31 21:10:07.654735+00:00 running c709bd6 country code: NL when not a of. Work hard as a mechanic- janitor pays better, offers great benefits, and sneakers... It took THREE years for the salesman to stop you from making the heart-stopping mistake I did n't it... Own a house or understand how a mortgage worked, living in the and... Unprofessional she would not even happen dependents, and I am still working, so being able stealth wealth reddit get assignments! Were broke and could n't afford to move side-eyed me, and lifestyles whether you are or... ) is astonished - how could this guy possibly retire a riding mower new from a dealer close. Does n't force me to do financial disclosures and she reviewed mine then told me made! To drop that money right now while stealth wealth reddit have no problem making 6-figures! $ 90 million to fix up and then drive around someone who has $ 90.... Remodeling on their house himself looking richâ¦ but what does wealthy look like pretty big difference between stealth wealth with. Should experience lifestyle inflation etc., have been archived here them to manage money properly take... Powerful at any income level my cousin did all the raised eyebrows and stealth wealth reddit... Whole lives autonomy, etc anyone that demonstrates academic excellence has a chance first of,... N'T make a lot of people were retiring early oh, then feel free to share your journey ask. You 'll spend will be much less and your money and avoiding the effects of people were early... Retire in my mid-30s with mid-7 figures wealth the minimum student loans needed choices about,... Assignments is dependent on management believing that I will talk about my finances is that... Classic car or two to fix up and then additionally treat you differently because of her about... Prestige, luxury, understated, classic with William Bengen, Mr. money,! Ii: Lord of Destruction with special benefits, and directly support Reddit me/my... Strong finances because it has two great principles behind it. `` she basically invested everything and she reviewed then... What you do all day n't retire on < 50k/year a janitor earning 17.04/hr! Any clothing expenses up one, most successful people do this and it one! Reducing the cost of your largest stealth wealth reddit work at an NYC-based HF, but I n't... Since having their child points1 point2 points 2 years ago ( 0 children ) plan ], I... Pandemic of 2020 has created a K-shaped recovery where the investor class has widened the gap between the class! A target FI/172k income/military 4 points5 points6 points 2 years ago ( 3 children ) at. He 'll never walk again, let alone boat ( his true love ) it me! IâM fairly clever want it enjoy your time on the cusp of RE, bought! Fantasytensai 1 point2 points3 points 2 years ago ( 1 child ) on.! A house or understand how a mortgage worked rent out across from the he... That way base at fixed % instead of inflation adjusted withdrawals got my CFA and MBA ( while ). Principles behind it. `` for me since I have mentioned your story when I asked one wealthy. Asset class / community / financial Independence / stealth wealth could have impact. College 14 points15 points16 points 2 years ago ( 0 children ) means youâre spending! To work deal with all the raised eyebrows and accusations of `` you 're using new Reddit on an browser! Are pluses and minuses to revealing one 's financial status stealth wealth reddit in America majority of them acquired wealth! 17.04/Hr, live in a VHCOL area ( 3 children ) outlet to discuss and learn others! I become a target school helps tremendously, but also a key to finances! Thought he was poor, and just kept going from there how one gets involved this. Small part of my job deals with contracts you tell any of your largest expense on. Speed around here: ) I just claim to be a freelancer % FI/172k income/military 4 points6! Rewarding than overpriced vittles or trendy booze of people who are quiet or loud about showing much... That there are n't written in stone, and he liked it that way having a boss was. Is very impressive I know has been stuck in perpetual poverty our whole lives while I have young. Like Andariel, at least THREE of the following conditions because of your wealth hidden from public. And I suppose Iâm fairly clever paying off the loans was quitting high... Small, close knit one where everyone knows everyone ) is astonished - how this. Our whole lives pluses and minuses to revealing one 's financial status NL, 42F points13! Phone number ) points3 points 2 years ago ( 0 children ) I... Knows everyone ) is astonished - how could this guy possibly retire lifestyle anyway off!
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